Maximize Market Research's latest report, " Global Hydrogen Peroxide Market Global Demand Analysis and Opportunity Outlook 2027", offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.
Global Hydrogen Peroxide Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 4.9% during the forecast period.
Global Hydrogen Peroxide Market Overview
Hydrogen peroxide is a very pale blue color that can be used as an oxidizer, bleach, and antiseptic. It can be used as an antimicrobial chemical in gaseous and liquid form to disinfect, preserve, and sterilize numerous applications. It is supplied to the market in the form of aqueous solutions. Currently, China accounts for over 30% market share of global hydrogen peroxide production. The main market players are Zhongneng Chemical, Luxi Chemical, Liuzhou Chemical Group, Jinhe shiye, Jincheng Anthracite Jinshi Chemical, etc. Pulp & paper and chemical industries are the key consumers of the product with a combined market share above 55% in 2018. As well, Kraft pulp is one of the most important pulp types and hydrogen peroxide is used in multi-stage processes for bleaching purpose. In addition, a lower concentration of hydrogen peroxide (3-9%) is used for medical applications and as a bleach for cloth and hair. Higher concentrations (35%, 50%, and 70%) are usually used in paper & pulp, textile, chemical industries, and as a part of rocket fuel.The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
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Global Hydrogen Peroxide Market Major Market Players
• OCI Chemical Corporation
• TAEKWANG INDUSTRIAL CO., LTD.
• The Dow Chemical Company
• Hansol Chemical Co. Ltd.
• Chang Chun Petrochemical Co. Ltd.
• Zhongneng Chemical
• Luxi Chemical
• Liuzhou Chemical Group
• Jinhe shiye
• Evonik Industries
• Gujarat Alkalies & Chemicals Ltd.
• Aditya Birla Chemicals Ltd
• FMC Corporation
• EkO Peroxide LLC
• Guangdong Zhongcheng Chemicals
The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the global food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world's largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.
Segmentation of Global Hydrogen Peroxide Market by Types and Applications:
The global hydrogen peroxide market segmented into function, process, end-user, and region. Cosmetics, cleaning agents, microelectronics hydrogen peroxide has been moving innovative applications in chemistry for two centuries. As a supplementary propellant for rockets, this compound of hydrogen and oxygen is now playing a major role in safeguarding greener propulsion in space, such as Evonik is one of the world’s leading producers of hydrogen peroxide. The group can produce over 950,000 metric tons of it annually. Nowadays, hydrogen peroxide is used in a wide variety of areas, like semiconductor production, paper manufacturing, and food technology. Paper production in Eilenburg/Saxony: in the bleaching process, hydrogen peroxide replaces chlorine-based agents that harm the environment.
Region-wise, the hydrogen peroxide market in the Asia Pacific accounts for the largest market share in terms of consumption and production of hydrogen peroxide on a global front and is driven by rising demand from paper & pulp, chemical, and wastewater treatment industries.
In Asia-Pacific, China is a hub for chemical processing, accounting for a major chunk of the chemicals produced, globally. China is the largest electronics and pulp & paper industry nation in the world. Therefore, with growth in the several end-user sectors in the country, the demand for hydrogen peroxide is expected to increase in the forthcoming year.
The objective of the report is to present a comprehensive analysis of the Global Hydrogen Peroxide Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by Region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by Region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Hydrogen Peroxide Market dynamics, structure by analyzing the market segments and project the Global Hydrogen Peroxide Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Hydrogen Peroxide Market make the report investor’s guide.
The report has covered the market size by country (regions) for the global Hydrogen Peroxide market. Segment by Application. The Hydrogen Peroxide Market is divided into the North America Europe, ASIA Pacific, Middle East & Africa. The report also includes market size estimates by region. 2019-2027 Forecasts and market size for each type and segment are included. Sales and revenue are included for the period 2019-2027.
Analysis of the Hydrogen Peroxide Market Share and Competitive Landscape:
This report provides a detailed analysis of the Global Hydrogen Peroxide Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.
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