Published on : Oct 26, 2017
Albany, New York, October 26, 2017: The global hydrogen peroxide market is likely to witness steady growth during the period 2017-2022 as demand for hydrogen peroxide is growing in various end use industries. Use of hydrogen peroxide in many industries has created several growth opportunities for players in this market. However, the global marketplace has remained fragmented, and it is highly likely that the situation will continue to be this way during the forecast period. These insights are according to a new research report added to the repository of Market Research Hub (MRH). The report is titled “Hydrogen Peroxide Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022”.
According to the report, demand for hydrogen peroxide in the paper industry will continue to provide growth opportunities to manufacturers. Hydrogen peroxide is used in de-inking of paper and this application type can create growth opportunities for manufacturers. There is increasing demand for paper recycling as government and regulatory authorities are focusing on preventing cutting down of trees to make paper. Hydrogen peroxide plays a key role in de-inking and bleaching of paper on account of which its demand is likely to grow during the forecast period.
Asia Pacific excluding Japan (APEJ) is one of the leading markets for hydrogen peroxide, both in terms of production and consumption. The APEJ hydrogen peroxide market is projected to increase at nearly 5% CAGR during the forecast period 2017-2022. The growth of the paper industry in APEJ, especially in China and India is likely to offer growth opportunities to manufacturers. There is huge demand for paper in China and India, as the two populous countries of the world witness steady growth. In addition to the paper industry, demand for hydrogen peroxide in packaging industry is also likely to create growth opportunities to manufacturers.
In addition to APEJ, North America and Europe are the other leading markets for hydrogen peroxide globally. Increase in regulations concerning safe use of chemicals is forcing manufacturers to comply and make changes in their production, storage, and transportation process. The market in North America and Europe is likely to be influenced by changes in the regulatory climate.
The key players in the global hydrogen peroxide market include Mitsubishi Gas Chemical Co. Inc., Kemira Oyj, Evonik Industries, Arkema, Merck & Co. Inc., Solvay SA, Akzo Nobel, The Dow Chemical Company, BASF SE, and Aditya Birla Chemicals Ltd.
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