Hydrogen Peroxide is the simplest and versatile peroxide formed due to a chemical reaction between hydrogen and oxygen. It is a liquid, which is more viscous than water and is colorless in the diluted form. It is generally used as a chemical disinfectant. In addition, hydrogen peroxide is a strong oxidizing agent. It is naturally produced in human body which helps increasing immunity. It is used in a variety of medical and personal applications such as bleaching, sterilization, sanitizer, toothpastes, mouthwashes and hair color among others.
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In order to increase the crop yield, hydrogen peroxide is being increasingly used by farmers which results in driving the demand for hydrogen peroxide. Moreover, steady demand from pulp and paper industry is also expected to trigger demand for hydrogen peroxide in the years to come. However, market growth is expected to hamper due to the potential health hazards associated with the use of hydrogen peroxide. Rising demand of hydrogen peroxide in the electronics industry particularly for the preserving metal surfaces and cleaning of silicon discs is expected to open the opportunity of future hydrogen peroxide market.
In order to deal with the odors of municipal wastewater plants it is used as a replacement of chlorine thereby minimizing the formation of a deleterious and odoriferous gas named hydrogen sulphide. Hydrogen peroxide is highly soluble in water which makes its usage safer in comparison to other chemicals. This market has achieved a remarkable position in the Asia Pacific due to the rising demands in textile bleaching, electronics, pharmaceuticals and food industry among others. Hydrogen peroxide market is expected to rise in the European region due to its exponential growth in HPPO plant in Antwerp.
Solvay Commissions has one of the largest hydrogen peroxide plants in the world. Some of the key players in this market are National Peroxide Limited, Arkema, BASF and Dow Chemicals among others.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
· North America
· Asia Pacific
· Rest of the World
This report provides comprehensive analysis of
· Market growth drivers
· Factors limiting market growth
· Current market trends
· Market structure
· Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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