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Hydrogen Peroxide Market will expand at over 5% through 2016-2024

Hydrogen Peroxide Market will expand at over 5% through 2016-2024

Eminent players across the hydrogen peroxide market include Evonik Industries AG, Arkema, Aditya Birla Chemicals Ltd., Akzo Nobel, Kemira Oyj, Gujarat Alkalies, Mitsubishi, and Solvay.
Hydrogen Peroxide Market to collect substantial revenue from paper & pulp industry, APAC to drive the regional landscape over 2016-2024.

The growing demand from paper & pulp and packaging sectors is expected to push hydrogen peroxide market to greater heights. This growth can be credited to the fact that hydrogen peroxide finds usage in the manufacturing of propylene oxide as a raw material through the HPPO process, which further finds applications in the development of numerous commercial materials, thereby stimulating hydrogen peroxide industry. Speaking along similar lines, renowned biggies such as The Dow Chemical Company, Solvay, and BASF SE have already collaborated to cumulatively use the HPPO technology. High demand of propylene oxide is anticipated to fuel worldwide hydrogen peroxide market, slated to cross USD 6.39 billion by 2024.

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The growth of hydrogen peroxide industry can be attributed to the huge product demand from the paper & pulp industry, which is expected to grow at a fairly decent CAGR over 2016-2024, having held a valuation of USD 550 billion in 2015. Prior to recycling paper, it is essential that the deinking of paper & pulp takes place. Hydrogen peroxide is utilized in the deinking process, which will impel hydrogen peroxide market, slated to expand at a rate of over 5% through 2016-2024. In addition, the growth of the flexible packaging market will also contribute toward business expansion, given that paper is increasingly used in the packaging sector.

Hydrogen peroxide industry is quite consolidated and involves the participation of selected companies. In addition, it is characterized by strategic mergers & acquisitions. Companies operating in global hydrogen peroxide market include Evonik Industries AG, Arkema, Aditya Birla Chemicals Ltd., Akzo Nobel, Kemira Oyj, Gujarat Alkalies, Mitsubishi, and Solvay.

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Paper & pulp applications held more than 40% of the overall hydrogen peroxide industry share in 2015 and are expected to register a CAGR of 5% over 2016-2024. This growth can be credited to the growing product demand from the paper & pulp sector and the increasing requirement of paper from the packaging sector. In fact, as per estimates, hydrogen peroxide market size from the paper & pulp sector is anticipated to cross USD 2,500 million by 2024.

Asia Pacific held more than 50% of hydrogen peroxide industry in 2015, with a valuation of USD 2,000 million, and is anticipated to have the highest gains of 6% over 2016-2024. This growth can be attributed to the global shift of the paper & pulp sector in the emerging economies of the Asia Pacific, pertaining to the availability of workforce, affordable labor costs, and favorable government laws.

Browse key industry insights spread across 113 pages with 89 market data tables & 11 figures & charts from the report, “Hydrogen Peroxide Market Size By End-User (Paper & Pulp, Chemical, Waste Water Treatment, Mining) Forecast, 2016 – 2024” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/hydrogen-peroxide-market

The introduction of digitization and electronic media is likely to hamper the growth of this market. However, significantly improvised process efficiency and rising concerns regarding environmental safety will propel this industry over the forthcoming years.

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https://www.gminsights.com/industry-analysis/ionic-liquids-market-report

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