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Growing demand for powerful and environmental friendly chemical decontamination solutions with excellent disinfectant and antiseptic properties, and stable paper production where the chemical is used as a total chlorine free (TCF) bleaching agent are poised to drive the global market for Hydrogen Peroxide to reach 6.0 million metric tons by 2024.

The Hydrogen peroxide (H2O2) market globally continues to exhibit healthy growth driven by the perennial significance of paper in industries, commercial establishments, and homes, where the chemical is used in pulp bleaching and deinking of recycled paper. Paper & pulp production continues to remain the largest end-use market for H2O2. In pulp bleaching, H2O2 is used as a versatile bleaching agent in chemical pulp bleaching and mechanical pulp bleaching. The application of hydrogen peroxide in paper production enables top brightness levels with better brightness stability, optimized economy through savings in the total chemicals required, low residue of halogenated compounds both in pulp and in effluent and low effluent color. A chemical compound of hydrogen and oxygen, hydrogen peroxide is a strong oxidizing agent and is employed predominantly to oxidize organic and inorganic compounds. Given its numerous chemical properties, hydrogen peroxide finds use in a wide array of applications across a broad spectrum of industries including pulp & paper mills, textiles, environmental and household applications. Stringent environment protection regulations are creating shifts in consumption of bleaching chemicals favorable to the H2O2 market.

Future growth in the market will be driven largely by emerging new and niche applications in electronic & semiconductors industry, mining & metal extraction, agriculture, paint and polymer production, tanneries, stainless steel industries, pharmaceutical and healthcare. Electronics and semiconductors will especially drive robust demand prospects for H2O2, where it is increasingly used for etching of printed circuit boards and in cleaning and etching processes. The growth of the electronic industry, particularly in developing Asian countries like Taiwan, Korea and China, will fuel encouraging gains in the market. In agriculture, H2O2 is expected to find significant use in soil disinfection and in improving crop yield. Given its disinfectant properties, hydrogen peroxide is also being widely used in pharmaceutical applications and for disinfection of dental and surgical instruments. Environmental laws and regulations play a vital role in driving the use of hydrogen peroxide, given the chemical’s emission-free and eco-friendly characteristics. The chemical industry is also expected to drive rapid gains in the market, where H2O2 is used in the synthesis of peroxides (peracids, hydroperoxides and diacyl peroxide), epoxidation of olefins, hydroxylation of phenol, and oxidation of amines and hydrazine hydrate. Increasing popularity of hydrogen peroxide in pollution control and water treatment applications will add further impetus to market growth.

As stated by the new market research report on Hydrogen Peroxide, Asia-Pacific represents the largest and the fastest growing market worldwide with a CAGR of 6.4% over the analysis period. Increasing concentration of raw pulp plants in countries including India, China, Indonesia and Thailand; growing production of textiles and strong opportunities in textile bleaching; rising standards of living, growing consumer spending on sanitation products and opportunities as a decontaminant in detergents and household laundry pre-wash products represent key growth drivers in the region. Increased environmental pressure, particularly in North America and Western Europe, will continue to sustain demand for hydrogen peroxide in applications such as pulp bleaching, treating process streams, and remediating contaminated soil and water.

Key players in the market include Aditya Birla Chemicals (India) Limited, Arkema S.A., Arkema, Inc., Chang Chun Petrochemical Co., Ltd., Ercros S.A., Evonik Industries AG, Guangdong Zhongcheng Chemicals Inc., Ltd., Gujarat Alkalies and Chemicals Limited (GACL), Hansol Chemicals, Hodogaya Chemical Co. Ltd., Kemira Oyj, Kingboard Holdings Limited, Liuzhou Chemical Industry Co., Ltd., MilliporeSigma, Mitsubishi Gas Chemical Company, Inc., National Peroxide Limited, Nouryon, OCI Company Ltd., PeroxyChem LLC, and Solvay SA, among others.

The research report titled “Hydrogen Peroxide – Market Analysis, Trends, and Forecasts” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America, and Rest of World. End-use industries analyzed in the report include Pulp & Paper, Textiles, Environmental, Chemical Synthesis, and Others.

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