Market Insights:
Hydrogen Peroxide is a pale blue liquid with strong oxidizing properties
and hence is widely used in bleaching applications in the pulp & paper and
textile industries. Kraft pulp is one of the most important pulp type and
hydrogen peroxide is used in multi-stage processes for bleaching purpose.
The application of hydrogen peroxide allows to enhance the brightness levels
and improved brightness stability, low residue of halogenated compounds both in
pulp (OX) and in effluent (AOX), optimized economy through savings in the total
chemicals required, and low effluent color. In addition, hydrogen peroxide
finds wide applications in the textile industry for bleaching of both natural
and synthetic fibers. Significant growth of the textile industry in
Asia-Pacific is likely to boost demand for hydrogen peroxide in the coming
years.
Top 10 Companies:
·
Solvay
·
Evonik Industries AG
·
Kemira
·
Arkema SA
·
Mitsubishi Gas Chemical Company Inc
·
Nouryon
·
Chang Chun Group
·
National Peroxide Ltd
·
FMC Corporation
·
OCI Company Ltd
·
Indian Peroxide Limited
·
Thai Peroxide Co. Limited
·
Merck KGaA
·
Huatai Group
·
Hansol Chemical
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Market Segmentation:
The global
hydrogen peroxide market has been categorized based on grade, application, and
end-use industry.
By grade,
the market has been segmented into standard, chemical, cosmetic, aseptic, food,
semiconductor, and others. The standard grade segment accounted for the largest
market share in 2017 and is expected to be fastest growing grade segment during
the review period. This can be attributed to the widespread application of
standard grade hydrogen peroxide in pulp & paper, mining, textile
industries, as well as in environmental applications. Increasing environmental
awareness and stringent environmental regulations pertaining to the waste water
and effluent from various industries is likely to boost demand for the product
during the forecast period.
Based on
application, the global hydrogen peroxide market has been classified into
bleaching, environmental, oxidation, packaging, disinfectant, propellant, and
others. The bleaching segment was the dominant application in 2017 and is
expected to be the leading application segment during the review period. The
key factors driving growth of this segment are largescale consumption of the
product in pulp & paper and textile industry as a bleaching agent.
Furthermore, it is consumed for bleaching applications in food processing;
recycling of precious metals, rare earth elements and other key materials from
industrial and domestic waste, and paper; and cosmetics products.
Based on
end-use industry, the global hydrogen peroxide market has been categorized as
pulp & paper, textile, chemicals, food & beverage, personal care &
cosmetics, healthcare, electronics, mining, and others. The pulp & paper is
projected to be the leading end-use industry segment during the forecast
period.
Regional Analysis
The global
hydrogen peroxide market has been studied with respect to five regions, namely,
Asia-Pacific, North America, Europe, Latin America, and the Middle East &
Africa. Asia-Pacific is expected to be the leading regional market during the
forecast period. The hydrogen peroxide is dominated by the pulp & paper
industry. Significant growth of this industry in the Southeast Asia is expected
to be the prominent factor driving growth of the regional market during the
forecast period.
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