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The calcium peroxide market share is expected to increase by USD 315.15 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.92%.
This calcium peroxide market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers calcium peroxide market segmentation by end-user (food and beverages, water and wastewater, chemicals, and others) and geography (APAC, North America, Europe, Middle East and Africa, and South America). The calcium peroxide market report also offers information on several market vendors, including American Elements, Bell Chem Corp., Cales de Llierca SA, Carus Group Inc., Evonik Industries AG, GFS Chemicals Inc., Mahalaxmi Enterprise, Nikunj Chemicals, Pioneer Enterprise, Shangyu Jiehua Chemical Co. Ltd., Solvay SA, STP Chem Solutions Co. Ltd., Sunway Lab, and Zhengzhou Huize Biochemical Technology Co. Ltd. among others.
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The high demand from the mining industry is notably driving the calcium peroxide market growth, although factors such as allergic issues related to calcium peroxide may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the calcium peroxide industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Calcium Peroxide Market Driver
One of the key factors driving growth in the calcium peroxide market is the high demand from the mining industry. The growing mining industry across the world is driving the growth of the global calcium peroxide market. This is attributed to the use of calcium peroxide in the oxidation process of mine extracts. It is mainly used as an oxidant in the mining industry for the production of precious metals, such as gold and silver. In metallurgical processes, such as ore leaching, concentrate preparation, or eluent treatment, calcium peroxide is widely used as an oxidant. Currently, the cyanidation process is extensively used for gold production, which involves the leaching of gold comprising ores by diluting aqueous cyanide solutions in the presence of lime and oxygen. Calcium peroxide is added to increase the total oxygen concentration during the leaching process in the system and to promote deeper leaching by direct oxidation. Moreover, toxic intermediates are not formed during single-step cyanide oxidation. Furthermore, calcium peroxide is also commonly used to remove cyanides from wastewater on the downstream side. Thus, the burgeoning use of calcium peroxide usage in the mining sector is further expected to propel the calcium peroxide market during the forecast period.
Key Calcium Peroxide Market Trend
The burgeoning usage in the personal care industry is a calcium peroxide market trend that is expected to have a positive impact in the coming years. Calcium peroxide is used as a binder and antioxidant agent for various types of cosmetics products such as hair products, skincare, nail care, oral products, baby products, hair products, and skin products. Additionally, calcium peroxide helps prevent the growth of molds, yeasts, and bacteria, guarding against contamination that can cause irritation or infections. Thus, the growth of the cosmetic industry is estimated to drive the growth of the global calcium peroxide market during the forecast period. The market witnessed a significant decrease in revenue during the first months of 2020 due to the COVID-19 pandemic, which affected consumer goods sales in general. The increasing trend of adding whitening agents in toothpaste due to growing consumer awareness regarding the importance of strong white teeth has contributed to its expansion over the last few years. It is a precursor in manufacturing hydrogen peroxide. Growing consumer awareness regarding its benefits in maintaining better oral health care has played a significant role in its growth in the personal care sector. This trend is expected to positively impact the growth of the global calcium peroxide market.
Key Calcium Peroxide Market Challenge
The allergic issues related to calcium peroxide will be a major challenge for the calcium peroxide market during the forecast period. Calcium peroxide poses a health risk as it causes lungs infection, coughing, breathing, and wheezing. Calcium peroxide can irritate skin and cause eye damage during exposure. Additionally, it is a toxic chemical that may cause respiratory diseases. Thus, the increasing awareness regarding health may hamper the consumption of calcium peroxide in end-use industries, which, in turn, will hamper the growth of the global calcium peroxide market.
This calcium peroxide market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global calcium peroxide market as a part of the global commodity chemicals market within the global chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the calcium peroxide market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the calcium peroxide market encompasses successful business strategies deployed by the key vendors. The calcium peroxide market is fragmented and the vendors are deploying growth strategies such as focusing on engaging in various supplier programs to maintain their inventories and cater to the growing demand for calcium peroxide to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The calcium peroxide market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the calcium peroxide market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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45% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for calcium peroxide in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The increasing cosmetics production and growing demand for fresh food in developing countries such as India and China will facilitate the calcium peroxide market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 negatively impacted numerous calcium peroxide manufacturers in multiple dimensions. This is attributed to the imposition of lockdowns, which has halted the process of manufacturing units. However, at the beginning of 2021, the government lifted lockdown restrictions as the number of COVID-19 cases started to decline. The vendors in the market have started their production on full scale and are emphasizing sustained growth over the long-term future.
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The calcium peroxide market share growth by the food and beverages segment will be significant during the forecast period. The food and beverages segment captured the highest market share in the global calcium peroxide market in 2021. This is due to the wide adoption of calcium peroxide in the baking industry as a dough conditioner, flour bleaching agent, and an improving agent in the food & beverage industry.
This report provides an accurate prediction of the contribution of all the segments to the growth of the calcium peroxide market size and actionable market insights on post COVID-19 impact on each segment.
Calcium Peroxide Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.92% |
Market growth 2022-2026 |
$ 315.15 million |
Market structure |
Fragmented |
YoY growth (%) |
4.65 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 45% |
Key consumer countries |
US, China, Japan, India, Germany, and Brazil |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
American Elements, Bell Chem Corp., Cales de Llierca SA, Carus Group Inc., Evonik Industries AG, GFS Chemicals Inc., Mahalaxmi Enterprise, Nikunj Chemicals, Pioneer Enterprise, Shangyu Jiehua Chemical Co. Ltd., Solvay SA, STP Chem Solutions Co. Ltd., Sunway Lab, and Zhengzhou Huize Biochemical Technology Co. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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