Hydrogen Peroxide Market will exhibit an upward trend over the coming years, with the urge to maintain the environment sustainability and the rising pressure to minimize plastic wastes globally. Increasing awareness for eco-friendly packing process and recycled paper will stimulate the hydrogen peroxide industry outlook notably. The packaging industry is focusing towards flexible packaging material than plastics to cater to the growing demand. Moreover, consumption of paper across the globe influencing the global paper & pulp industry has been a strong driving factor for the growth of the hydrogen peroxide market.
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Rising consciousness regarding minimizing plastic waste & maintaining environment sustainability will gear up the expansion of hydrogen peroxide market. Rapid consumption of paper and packaging material across the globe coupled with rising consciousness for recycling of paper and using eco-friendly packing processes instead of plastics has been a major factor pushing the growth of hydrogen peroxide industry. Hydrogen peroxide is used as a bleaching and deinking agent for the paper and pulp making process. A strong consumer base with increasing disposable income will also propel the hydrogen peroxide market trends.
Hydrogen peroxide market is driven by increasing adoption of (HPPO) hydrogen peroxide propylene oxide process will further fuel the demand for its key raw material i.e. hydrogen peroxide in the coming years. Companies such as Dow Chemicals, BASF SE, and Solvay have collaborated to use the HPPO technology. Furthermore, the use of electronic grade hydrogen peroxide in etching of semiconductors boards will have a dynamic impact on the hydrogen peroxide industry revenue trends. Companies such as Evonik and Solvay have commercialized the electronics grade variants and are investing intensively in the research and development.
Moreover, the introduction of hydrogen peroxide propylene oxide (HPPO) process in 2008 in a collaboration between ThyssenKrupp Uhde and Evonik Industries has embarked the commercialization of this process. As a result, increasing adoption of HPPO process in various other companies such as Solvay, Dow Chemicals, and BASF SE will have a dynamic impact on the hydrogen peroxide market share.
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Asia Pacific, led by China hydrogen peroxide market is anticipated to grow at a rate of 6% over the period of 2016-2024. Supportive government norms along with cost effective labor workforce will justify the regional growth.
North America and Europe hydrogen peroxide market report are expected to cross USD 1,000 million by 2024. However, strict regulations by REACH, EPA, FDA and OSHA will shift the focus of the manufacturers to Asia Pacific regions.
Major Point From Table Of Content:
Chapter 4. Hydrogen Peroxide Market, By End-User
4.1. Market share by end-user, 2015 & 2024
4.2. Paper & pulp
4.2.1. Market estimates and forecasts, 2013 – 2024
4.2.2. Market estimates and forecasts by region, 2013 – 2024
4.3.1. Market estimates and forecasts, 2013 – 2024
4.3.2. Market estimates and forecasts by region, 2013 – 2024
4.4. Waste water treatment
4.4.1. Market estimates and forecasts, 2013 – 2024
4.4.2. Market estimates and forecasts by region, 2013 – 2024
4.5.1. Market estimates and forecasts, 2013 – 2024
4.5.2. Market estimates and forecasts by region, 2013 – 2024
4.6.1. Market estimates and forecasts, 2013 – 2024
4.6.2. Market estimates and forecasts by region, 2013 – 2024
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