Global Hydrogen Peroxide Market 2017-2021
About Hydrogen Peroxide
Hydrogen peroxide (H₂O₂) is a powerful oxidizing agent and is easy to handle at different concentrations that are manufactured and sold. When handled correctly the risks are minimized. However, like other oxidizing chemicals, if handled incorrectly, hydrogen peroxide can pose a serious hazard to human health, safety, and environment.
Technavio’s analysts forecast the global hydrogen peroxide market to grow at a CAGR of 6.27% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global hydrogen peroxide market for 2017-2021. To calculate the market size, the report considers the segments of types/end-user/application by following different statistical approach.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Hydrogen Peroxide Market 2017-2021
Technavio recognizes the following companies as the key players in the global hydrogen peroxide market: Arkema, Akzo Nobel, Evonik, Kemira, and Solvay.
Other Prominent Vendors in the market are: Aditya Birla Chemicals, Ciner Resources, Ecolab, Guangdong Zhongcheng Chemicals, Khimprom, Merck, MITSUBISHI GAS CHEMICAL COMPANY, National Peroxide, and TAEKWANG INDUSTRIAL.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is innovative use of hydrogen peroxide. Technological innovations have brought improvements in production volumes of the hydrogen peroxide manufacturers. However, higher production volumes have also resulted in an increase in the primary source of applications. The primary reason for the increase in the application is due to increase in population and increase in different usage techniques. Developing innovative methods can increase better usage of hydrogen peroxide to a large extent.”
According to the report, one of the major drivers for this market is Increasing demand from the pulp and paper industry. The demand for paper in countries such as India, China, and Malaysia is expected to drive the global hydrogen peroxide market. This is due to the booming literacy rate, which helps in increasing the use of printing technology. For instance, the Indian government is leaning toward the manufacturing of various paper products is expected to boost the demand for hydrogen peroxide for the pulp and paper industry.
Further, the report states that one of the major factors hindering the growth of this market is Pricing strategy for hydrogen peroxide by manufacturers. The manufacturers of hydrogen peroxide in North America and Europe have increased the prices as the market conditions are expected to remain tight with growth in the pulp and paper and electronic markets. This is due to the increase in the capacity utilization, which is expected to be high during the forecast period. The increase in price is necessary to support top companies to continue investing in North America and Europe.
Arkema, Akzo Nobel, Evonik, Kemira, Solvay, Aditya Birla Chemicals, Ciner Resources, Ecolab, Guangdong Zhongcheng Chemicals, Khimprom, Merck, MITSUBISHI GAS CHEMICAL COMPANY, National Peroxide, and TAEKWANG INDUSTRIAL.
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