Hydrogen Peroxide Market Estimated To Witness High Growth Owing To Rising Demand In Pulp And Paper Industry
Hydrogen Peroxide Market i
The Hydrogen Peroxide market caters to various end-use industries such as Pulp
& Paper, Textile, Chemical synthesis,Food, Healthcare & Personal Care,
Electronics and water treatment. It is a strong oxidizing agent and is used as
an environment-friendly alternative to chlorine bleaches in pulp
delignification and paper making. Hydrogen peroxide also finds its application
in food processing, treatment & disinfection of industrial & potable
water.
Market Overview:
Hydrogen peroxide is an odorless, viscous liquid that primarily functions as a
bleaching and disinfecting agent. It is a very potent oxidizing agent and is
commonly used as an antiseptic and a bleaching agent. It is also used for
cleaning wounds as it kills bacteria. Hydrogen peroxide is used extensively
across industries such as healthcare, paper & pulp, textile, food
processing, electronics, and water treatment due to various advantages such as
powerful antimicrobial properties, biodegradability and high efficiency in
bleaching application.
Market key trends:
The global hydrogen peroxide market is expected to witness robust growth, owing
to its increasing demand from the growing end-use industries. One of the key
trends contributing to the market growth is the rising demand from the paper
& pulp industry. Hydrogen peroxide serves as an effective eco-friendly
replacement for chlorine in paper bleaching and helps paper manufacturers meet
increasingly stringent environmental regulations against chlorine use. It has
high bleaching power, breaks down to water and oxygen and therefore is
considered environmentally sustainable. With growing environmental awareness,
paper producers are shifting towards hydrogen peroxide for pulp delignification
and paper bleaching. This rising preference for green bleaching agents is
expected to drive the demand for hydrogen peroxide over the forecast period.
Porter’s Analysis
Threat of new entrants: The hydrogen peroxide market requires large initial
investments for production facilities which acts as a major entry barrier.
Bargaining power of buyers: The buying power is high due to the presence of
numerous domestic and global producers offering the product at competitive
prices.
Bargaining power of suppliers: Large producers import hydrogen peroxide which
gives suppliers a moderate level of bargaining power.
Threat of new substitutes: There is no close substitute for hydrogen peroxide
currently but alternatives like ozone are being researched.
Competitive rivalry: Being an essential chemical, competition is intense among
key global players.
SWOT Analysis
Strength: Hydrogen peroxide has wide applications as an oxidizing, bleaching
and disinfecting agent. It is environment friendly and biodegradable.
Weakness: Hydrogen peroxide is unstable, hazardous and requires careful
handling and transportation. Storage facilities need to follow strict safety
guidelines.
Opportunity: Growth of end use industries like wastewater treatment, oil &
gas, mining, healthcare, food processing will drive demand. Expanding markets
in Asia Pacific offer new opportunities.
Threats: Stringent environmental regulations regarding discharge of effluents
from hydrogen peroxide plants. Volatility in raw material prices adversely
impacts the costs.
Key Takeaways
The Global Hydrogen Peroxide Market Sizeis
expected to witness high growth, exhibiting CAGR of 3.4% over the forecast
period, due to increasing demand from the pulp & paper industry. Rapid
industrialization and growth of waste water treatment industry are key demand
drivers.
Regional analysis - Asia Pacific dominates the global market and is projected
to maintain its lead position during the forecast period. This is attributed to
growth of end use industries and manufacturing activity in developing economies
such as China and India. Countries like Japan and South Korea are also major
producers and consumers of hydrogen peroxide.
Key players operating in the hydrogen peroxide market are Arkema S.A., Evonik
Industries A.G., Solvay S.A., Mitsubishi Gas Chemical Company Inc., Kemira Oyj,
Thai Peroxide Limited (TPL), Taekwang Industrial Co. Ltd., PeroxyChem LLC,
Hansol Chemical, and Nouryon.
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