Transparency Market Research has published a new report titled “Hydrogen Peroxide Market (Application: Paper & Pulp, Chemical, Waste Water Treatment, Mining, Others) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025.” According to the report, the global hydrogen peroxide market was valued at US$ 2.44 Bn in 2016 and is likely to reach US$ 3.68 Bn by 2025, expanding at a CAGR of 4.7% between 2017 and 2025.
In terms of revenue, the global market for hydrogen peroxide was valued at US$ 2.44 Bn in 2016 and is likely to reach US$ 3.68 Bn by 2025, expanding at a CAGR of 4.7% between 2017 and 2025. Paper & pulp, chemical, waste water treatment, mining and others are the different type of applications for which hydrogen peroxide has been used. In paper & pulp industry the product has been used as a bleaching and oxidizing agent. The demand for the application is projected to boost the sales of hydrogen peroxide in the coming years. The chemical industry also uses hydrogen peroxide. Rising adoption of the hydrogen peroxide to propylene oxide (HPPO) technology to manufacture propylene oxide is anticipated to boost the demand for hydrogen peroxide in the chemical industry. The chemical segment in terms of application is projected to boost at a faster CAGR during the forecast period.
On global level, Asia Pacific region accounted for major share of hydrogen peroxide market in 2016. The region held the major demand for the product due to growing paper & pulp application across the region, especially in developing countries such as China and India. Growing population in the region of Asia Pacific has led to more demand for paper & pulp industry contributing to the expansion of hydrogen peroxide market in this region. Key countries in Asia Pacific include China, India, ASEAN, Australia, New Zealand, and Japan. The hydrogen peroxide market in China remains highly attractive due to the rising population, increasing demand for consumable water, and rising awareness regarding waste water treatment. U.S. is a prominent consumer of hydrogen peroxide in North America for it has a huge demand for paper and pulp products along with other chemicals which are synthesized from hydrogen peroxide.
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The country’s market share is anticipated to shrink by the end of forecast period. Despite the decline in market share, the U.S. is expected to create an incremental opportunity for the product. In December 2017, Arkema increased its prices for all grades of hydrogen peroxide by up to 7% in Europe. Evonik has planned to expand its production capacities for hydrogen peroxide in Europe. With growing demand for the product in the region the price and production capacity of the product is projected to boost up rapidly across the region. Latin America and Middle East & Africa held the least share of the market in 2016, however the share of hydrogen peroxide in these regions is anticipated to boost at an average CAGR during the forecast period.