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The hydrogen peroxide market share is expected to reach an estimated value of USD 461.92 million by 2026 at an accelerating CAGR of 5.24%.
This hydrogen 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 hydrogen peroxide market segmentation by:
The hydrogen peroxide market vendors are - Aditya Birla Management Corporation Pvt. Ltd., Akzo Nobel NV, Arkema Group, BASF SE, Chang Chun Group, Ciner Resources Corp., Evonik Industries AG, Gujarat Alkalies and Chemicals Ltd., HANSOLCHEMICAL, Hodogaya Chemical Co. Ltd., Kemira Oyj, Kingboard Holdings Ltd., Merck KGaA, Mitsubishi Gas Chemical Co. Inc., National Peroxide Ltd., Nouryon Chemicals Holding BV, OCI Co. Ltd., PJSC Khimprom, Solvay SA, and TAEKWANG INDUSTRIAL Co. Ltd. among others.
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Technavio categorizes the global hydrogen 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 hydrogen 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 hydrogen peroxide market encompasses successful business strategies deployed by the key vendors. The hydrogen peroxide market is fragmented and the vendors are deploying growth strategies such as product launches, innovations, M&A, partnerships, and capacity expansions to compete in the market.
akzonobel.com - The company offers production of hydrogen peroxide under chemical business.
akzonobel.com - Through the decorative paints segment, the company offers paints, lacquers, varnishes along with mixing machines and color concepts for the building and renovation industry.
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 hydrogen 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 hydrogen 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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46% of the market's growth will originate from APAC during the forecast period. China, South Korea, and India are the key markets for hydrogen peroxide in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The growing population, along with the improving educational system, is expected to drive the demand for paper. This will facilitate the hydrogen 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 regional market witnessed a decline in its growth, owing to the COVID-19 outbreak. The temporary shutdown of production plants disrupted the supply chain, while operational uncertainties impacted the growth of the market in the region. However, there was an increased demand for sterilizers and disinfectants, including hydrogen peroxide, in countries such as China. The country witnessed the highest number of COVID-19 positive cases in 2020. As a result, the Government of China focused on implementing proper hygiene and sanitation measures in government and private hospitals, ambulatory care centers, diagnostic laboratories, and other healthcare facilities.
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The hydrogen peroxide market share growth by the pulp and paper segment will be significant during the forecast period. In 2021, the global hydrogen peroxide market witnessed a high growth due to the growing demand from the pulp and paper industry. The increasing awareness of the use of recycled papers is expected to drive the demand for de-inked recycled papers. The demand for paper in developing countries such as India, China, and Malaysia is increasing based on the preference for eco-friendly paper packaging over plastic packaging solutions.
This report provides an accurate prediction of the contribution of all the segments to the growth of the hydrogen peroxide market size and actionable market insights on post COVID-19 impact on each segment.
Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing demand from the pulp and paper industry is notably driving the hydrogen peroxide market growth, although factors such as growing availability of substitutes 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 hydrogen peroxide industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Hydrogen Peroxide Market Driver
One of the key factors driving growth in the hydrogen peroxide market is the increasing demand from the pulp and paper industry. The demand for paper in countries such as India, China, and Malaysia is expected to drive the global hydrogen peroxide market. This is due to the booming literacy rate, which helps in increasing the use of printing technology. Several manufacturers are adopting eco-friendly technologies and better water management facilities to increase the efficiency of paper production. The recycling of paper has also registered significant growth in the recent past due to demand for various specialty chemicals, pushing the pulp and paper industry as a key revenue generator. With the commercialization of the hydrogen peroxide propylene oxide (HPPO) process to produce propylene oxide using hydrogen peroxide as raw material, the demand for hydrogen peroxide will increase during the forecast period.
Key Hydrogen Peroxide Market Trend
The innovative use of hydrogen peroxide is a hydrogen peroxide market trend that is expected to have a positive impact in the coming years. Technological innovations have brought improvements in the production volumes of hydrogen peroxide manufacturers. Developing innovative methods can increase better usage of hydrogen peroxide to a large extent. For instance, the Department of Energy from both Stanford University and SLAC NATIONAL ACCELERATOR LABORATORY has created a small device to produce hydrogen peroxide that could be powered by renewable energy sources, such as conventional solar panels. Similarly, STERIS Corporation announced the launch of the V-PRO 60 low-temperature sterilization system, its latest innovative development for the current challenging healthcare market. This product provides healthcare professionals with a cost-effective and productive solution for reprocessing moisture and heat-sensitive devices. Due to such technological innovations, the demand for the market will continue to grow.
Key Hydrogen Peroxide Market Challenge
The growing availability of substitutes will be a major challenge for the hydrogen peroxide market during the forecast period. Factors such as the widespread adoption of surrogate bleaching agents in the pulp and paper industry and the growing presence of substitutes for hydrogen peroxide in wastewater treatment applications are expected to hamper the growth of the global hydrogen peroxide market during the forecast period. The global pulp and paper industry is expected to witness incremental growth during the forecast period. Factors such as the availability of abundant raw material resources in the form of plantations, forests, and other sources of wood pulp are expected to accelerate the consumption of paper and paper-based products worldwide in the coming years. Thus, the availability of a wide range of substitutes for hydrogen peroxide will hamper the growth of the global hydrogen peroxide market during the forecast period.
This hydrogen 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.
Calcium Peroxide market - The 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%.
Water and Wastewater Management market for the Mining Sector - The market share is expected to increase by USD 2.43 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.31%.
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Hydrogen Peroxide Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.24% |
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Market growth 2022-2026 |
$ 461.92 million |
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Market structure |
Fragmented |
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YoY growth (%) |
4.2 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 46% |
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Key consumer countries |
US, China, India, South Korea, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Aditya Birla Management Corporation Pvt. Ltd., Akzo Nobel NV, Arkema Group, BASF SE, Chang Chun Group, Ciner Resources Corp., Evonik Industries AG, Gujarat Alkalies and Chemicals Ltd., HANSOLCHEMICAL, Hodogaya Chemical Co. Ltd., Kemira Oyj, Kingboard Holdings Ltd., Merck KGaA, Mitsubishi Gas Chemical Co. Inc., National Peroxide Ltd., Nouryon Chemicals Holding BV, OCI Co. Ltd., PJSC Khimprom, Solvay SA, and TAEKWANG INDUSTRIAL Co. Ltd. |
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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 |
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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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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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