An extensive study of the product application and services conducted by subject matter experts assessing the Hydrogen Peroxide Market will help product owners to make a wise decision.
New York, United States – May 21, 2020 /MarketersMedia/ —
The Global Hydrogen Peroxide Market is forecast to reach USD 6.18 Billion by 2027, according to a new report by Reports and Data. One of the primary factors supporting the growth of the market is the expansion of the e-commerce, food & beverage and pharmaceutical sectors that is resulting in boosting the demand for pulp & paper for packaging. The rising awareness about the impact of under treated disposed waster on the environment has resulted in the elevated deployment of the compound in water purification. The continuous effort of governments of various nations in this region, like India, on enhancing public hygiene by developing different programs like Swachh Bharat Abhiyan also supports the expansion of the market in this region.
This report covers the recent COVID-19 incidence and its impact on Hydrogen Peroxide. The pandemic has widely affected the economic scenario. This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.
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Key participants include BASF SE, Arkema Group, Dow, Chang Chun Group, Grasim, Evonik Industries AG, Gujarat Alkali and Chemicals Ltd, Guangdong ZhongCheng Chemicals Co. Ltd, Kemira Oyj and Hodogaya Chemical Co. Ltd.
For the purpose of this report, Reports and Data have segmented the Hydrogen Peroxide market on the basis of Dilution Type, End-user, Application and region:
Dilution Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
• 90% H2O2
• 35% H2O2
• 6 to 10% H2O2
• 3% H2O2
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
End-user Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
• Pulp & Paper
• Wastewater Treatment
• Chemical Synthesis
• Food & Beverage
• Cosmetics & Healthcare
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Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
• North America (United States, Canada and Mexico)
• Europe (Germany, France, UK, Russia and Italy)
• Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
• South America (Brazil, Argentina, Colombia)
Further key findings from the report suggest
• In context to Dilution Type, the 35 percent H2O2 segment is projected to witness a considerable growth rate of 5.6% during the forecast period. The growth rate witnessed by this segment is attributed to the continuous expansion of the food sector and application of the compound in bleaching wheat flour and processing cheese. The COVID-19 pandemic has resulted in an increased emphasis on the sanitation of food products among consumers to minimize the risk of transmission of the virus from contaminated packages. It has resulted in the growing popularity of the compound in sanitization and eliminating microorganisms from food packaging materials.
• In regards to End-user, the Pulp & Paper segment held the largest market share of more than 40.0% in 2019. In the pulp & paper industry the compound is used in bleaching of chemical pulp. When the compound is used in pulp & paper bleaching it enhances brightness stability, brightness level and minimizes manufacturing cost.
• In regards to Application, the Disinfectant segment is projected to witness a considerable growth rate of 5.9% during the forecast period. The growing awareness about the negative environmental impact of disposing untreated wastewater to water bodies has resulted in the growing demand for the compound in disinfecting the water, wherein it is used to remove organic impurities.
• In November 2018, INDIAN PEROXIDE had launched a new hydrogen peroxide plant in Dahej, Gujarat. The company is also planning to investment Rs. 750 Cr in next 3–5 years along with expansion of the capacity for other chemical units that would support the new H2O2 plant.
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