Bizizz Market Research has recently published a research report, “Hydrogen Peroxide Market by Application (Oxidant, Bleaching, Disinfectant, and Others) by End-Use Industry (Textiles, Paper & Pulp, Chemical Synthesis, Cosmetics & Healthcare , Wastewater Treatment, Food & Beverages, Mining, and Others) and Region-Global Industry Trends, Estimation & Forecast, 2019 – 2027”.
As per the report, Global Hydrogen Peroxide Market was valued at US$ XX Bn in 2018 and it is anticipated to reach at market value of US$ 7.0 Bn by 2027, witnessing a CAGR of 4.8 % during the forecast period. Key drivers of the market are rising demand from paper & pulp industry, wide range of applications, and significant adoption as an antiseptic.
Hydrogen Peroxides can be employed with several applications of different industry verticals. It can be used as a antiseptic, bleach, and oxidizer. Hydrogen peroxide exhibits a wide spectrum of antimicrobial properties which makes it preferable over other agents. The chemical is also used to make sodium percarbonate and sodium perborate, which is used in detergents as a bleaching agent. Additionally, hydrogen peroxide has experienced significant demand from paper & pulp industry which is likely to propel the global market.
The Hydrogen Peroxide Market Is Anticipated To Register A CAGR Of Over 4.8% During The Forecast Period.
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Adverse Effects of Using Hydrogen Peroxides Might Hamper The Market Growth
Apart from several benefits, Hydrogen Peroxides consist of some disadvantages as well. Some of the adverse effect of Hydrogen Peroxides include irritation in respiratory, nose, and throat. Also, the regional government has passed some stringent regulations to limit the use of these chemicals in different sectors which might hamper the market growth.
Asia PacificIs Anticipated To Hold Prominent Share During the Forecast Period
Asia Pacific is anticipated to be the largest share holder in global hydrogen peroxide market throughout the forecast period. The growth of the region can be credited to significant chemical production capabilities in China. Moreover, lower labor and production cost is anticipated to encourage the manufacturers to expand their operational facilities in Asia Pacific which is expected to create growth opportunities.
Global Hydrogen Peroxide market is highly fragment in nature. The market is experience significant competition among major industry players. Companies are focused on research and development activities in order to gain technical competence which is expected to strengthen their foothold in global market.
Prominent players operating in the Global Hydrogen Peroxide Market are: Kingboard Chemical Holdings Ltd, Arkema S.A., Gujarat Alkalies and Chemicals Ltd., Evonik Industries AG, Aditya Birla Chemicals Limited, Solvay S.A., PeroxyChem LLC, Akzo Nobel N.V., Mitsubishi Gas Chemical Company, Inc., and Kemira Oyj., among others.
Impact of COVID-19 on Economy, Industry and Company
The emergence of novel coronavirus has affected the global economy, industry dynamics and company’s top line. The entire ecosystem has to suffer the impact of this pandemic disease which would result in demand & supply gap, production delay and weak consumer demand of end products across industries.
At Bizizz Market Research, our analyst has done extensive research across industries and identified various methodologies which would assist C-Level executives to counter this ongoing threat and make informed business decisions.
Areas at which Bizizz Market Research would help decision makers are:
a) Insights on current demand & supply gap analysis
b) Impact on value chain and supply chain and strategies adopted to off set its impact
c) Impact on Industry / company revenue and predictive intelligence on forecast sales
d) In-depth analysis on market segmentation – both value and volume analysis
e) Market assessment, regional
and country attractiveness, competitive benchmarking
and entry strategy
f) Prioritizing strategies and
how it would impact company’s short to long-term business
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