According to a new market report published by Lucintel, the future of the hydrogen peroxide market looks promising with opportunities in pulp and paper, chemials, wastewater treatment, mining, others (pharmaceutical, textile, and electronics). The global hydrogen peroxide market is expected to grow with a CAGR of 4% from 2020 to 2025. The major drivers for this market are growing demand for rise in industrial wastewater, and growing water contamination will drive the market growth, rising demand from paper and pulp industry, increasing popularity of hydrogen peroxide as raw material for propylene oxide production (HPPO process), growing penetration of niche applications.
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In this market, disinfectant, bleaching, oxidant, and others are the major functions. Lucintel forecasts that bleaching will remain the largest segment over the forecast period because larger portion of the substance as a bleach is used in the textile industry, wherein it is broadly utilized to brighten clothes and remove stains from both synthetic as well as natural fibers.
Within this market, pulp and paper, chemials, wastewater treatment, mining, others (pharmaceutical, textile, and electronics) are the major application of hydrogen peroxide. Pulp and paper will remain the largest segment by application type over the forecast period due to an increasing demand in the sector as it reduces cost of production, provides improved quality, and is easy to use and environment friendly.
Asia-Pacific is expected to witness the highest growth over the forecast period due to the presence of end use industries in water treatment. The growing significance for hygiene setting due to increasing penetration of chemical formulators, personal care products, and medical industries in the region, business practices in the country due to lower land prices, availability of skilled labor, and increased trade balance.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global hydrogen peroxide market by product type, application, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Hydrogen Peroxide Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global hydrogen peroxide market by function, application, and region as follows:
By Function [Value ($ Million) shipment analysis for 2014 – 2025]:
Disinfectant
Bleaching
Oxidant
Others
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Paper and Pulp
Chemicals
Wastewater Treatment
Mining
Others (Pharmaceutical, Textiles and Electronics)
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
Germany
United Kingdom
France
A more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
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