Increasing Demand for Environmental-Friendly Solutions to Create Huge Opportunities in Industrial Hydrogen Peroxide Market

Global industrial hydrogen peroxide market is projected to reach USD 4.28 Billion by 2026, at a CAGR of 5.53% from 2016 to 2026.

Industrial hydrogen peroxide has functions such as, bleaching, oxidizing, sterilizing/disinfecting, propulsion, etching, cleaning and extraction.  These functions drive the industrial hydrogen peroxide market globally.

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“Bleaching, the largest function of industrial hydrogen peroxide”

The bleaching function is estimated to be the largest function for industrial hydrogen peroxide. The function is growing due to the increasing demand for industrial hydrogen peroxide from the pulp & paper and textile industries. Use of industrial hydrogen peroxide for bleaching of pulp & paper in order to achieve a very high level of brightness suitable for magazine papers, board and tissue products, has increased the importance of the bleaching function of industrial hydrogen peroxide. In addition to this, industrial hydrogen peroxide is preferred for bleaching of cotton and cotton-blended knitted fabrics to obtain a high degree of whiteness after the removal of the catalyst.
  • Pulp & paper industry accounts for the largest share of industrial hydrogen peroxide market
  • Rising demand in Asia-Pacific, the major driver for growth of industrial hydrogen peroxide market.
Top ten industrial applications of Hydrogen Peroxide - 

  1.  Chemical Synthesis
  2. Aseptic Packaging
  3. Cosmetics & Medicine
  4.  Electronics Industry
  5. Environment
  6. Food Processing
  7. Mining
  8. Pulp and Paper Industry
  9. Textile Industry
  10. Transportation Industry

Key companies in the industrial hydrogen peroxide market are-

AkzoNobel N.V. (Netherlands), BASF SE (Germany), The Dow Chemical Company (U.S.), Solvay SA (Belgium), Evonik Industries AG (Germany), Ecolab Inc. (U.S.), Kemira Oyj (Finland), Arkema SA (France), Merck Group (Germany), and Mitsubishi Gas Chemical Company, Inc. (Japan).

Exposure of the eyes to concentrations of 5% or more industrial hydrogen peroxide can result in permanent loss of vision, while skin exposure causes painful blisters, burns and skin whitening. These are the restraints in the global industrial hydrogen peroxide market.

Comments

  1. Tradeasia InternationalJune 15, 2020 at 10:28 PM

    Thank you for sharing such useful information. I really enjoyed while reading your article. Also explore about - Hydrogen Peroxide Suppliers who offers the best quality Hydrogen Peroxide in Bulk ranges.

    ReplyDelete

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