According to the latest report published by TMRR, the global Industrial Hydrogen Peroxide market is set to register a CAGR growth of ~XX% over the forecast period (2019-2029). Further, the report states that the global Industrial Hydrogen Peroxide market is likely to attain a value of ~US$ XX by the end of 2029. The report provides a thorough qualitative and quantitative assessment of the Industrial Hydrogen Peroxide market and predicts its growth trajectory over the course of the assessment period.
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Essential Findings of the Industrial Hydrogen Peroxide Market Study
- Current and upcoming market trends
- Evaluation of the growth opportunities in different geographical regions
- Assessment of the micro and macro-economic factors that are projected to shape the growth of the Industrial Hydrogen Peroxide market over the forecast period
- Business prospects of prominent market players in the Industrial Hydrogen Peroxide market
- Recent innovations in the Industrial Hydrogen Peroxide market
The report resolves the following queries related to the Industrial Hydrogen Peroxide market:
- What is the scope of the Industrial Hydrogen Peroxide market in region 1?
- How are market players responding to the surging prices of essential raw materials?
- What is the key differentiating strategy adopted by market players in the Industrial Hydrogen Peroxide market?
- How are market players improving their global presence in the Industrial Hydrogen Peroxide market?
- What is the most preferred distribution channel for market players in region 3?
The regional outlook chapter of the report touches upon the evolving regulatory framework, key trends, market size, share, and year-on-year growth of the market across different geographical regions including, region 1, region 2, region 3, and region 4.
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Industrial Hydrogen Peroxide Market Segmentation
On the basis of function, bleaching will hold a prominent share in the global industrial hydrogen peroxide market. This particular function is rising due to its excessive usage in the pulp and paper and textile industries. To achieve the desired brightness suitable for magazine papers, board and tissue products, bleaching of pulp and paper becomes more than necessary, thereby increasing the significance of the bleaching function of industrial hydrogen peroxide. Furthermore, industrial hydrogen peroxide is favored for bleaching of cotton fabrics to accomplish the preferred whiteness after the removal of the catalyst.
The pulp and paper industry is a key contributor to the growth of the global industrial hydrogen peroxide market and is expected to grow at a higher rate during the said period. Industrial hydrogen peroxide is used for bleaching of mechanical pulp, chemical pulp, and recycled pulp (de-inking). With the help of industrial hydrogen peroxide in the pulp and paper industry, bleaching increases brightness stability, improves brightness levels, and reduces manufacturing cost, as it is the only chemical required. In addition, with the use of hydrogen peroxide, dangerous halogenated composites and effluents present in pulp are reduced and the color of the effluent is also lightened.
Industrial hydrogen peroxide achieves better results in oxidizing, bleaching, sterilizing/disinfecting, and etching applications than its alternatives present in the market and it is also environment friendly. However, there are numerous limitations of industrial hydrogen peroxide. If eyes are exposed to industrial hydrogen peroxide with a concentrations of 5% or more, it can result in permanent loss of vision. Moreover, skin exposure can cause burns, painful blisters, and skin whitening, restricting the growth of the global industrial hydrogen peroxide market.
Global Industrial Hydrogen Peroxide Market: Regional Overview
Geographically, the global industrial hydrogen peroxide market can be segmented into North America, South America, Asia Pacific, Europe, and the Middle East and Africa. Asia Pacific held a significant share in the market in 2015 and is projected to continue its positive streak through 2025. In the Asia Pacific region, China is presently an immensely strong player in the industrial hydrogen peroxide market. The key factors driving the growth include increasing demand from the pulp and paper, textile, and chemical industries and the rising need for environment-friendly and chlorine-free bleaches. India and Japan are two other promising markets for industrial hydrogen peroxide in Asia Pacific.
Global Industrial Hydrogen Peroxide Market: Key Players
The report profiles key players in the global industrial hydrogen peroxide market based on various attributes such as company overview, business strategies, recent development, and financial overview. Some of the players in the market are BASF SE, The Dow Chemical Company, Ecolab Inc., Solvay SA, AkzoNobel N.V., Evonik Industries AG, Kemira Oyj, Arkema SA, Merck Group, and Mitsubishi Gas Chemical Company, Inc.
A thorough assessment of each of these market segments is enclosed in the report backed by a set of relevant graphs, tables, and figures.
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This post was originally published on Space Market Research