Tag: Bleaching

Hydrogen Peroxide Market Size Worth $2.15 Billion By 2027

The global hydrogen peroxide market size is projected to reach USD 2.15 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.7% from 2020 to 2027. Rising demand for the product from the global healthcare sector to formulate sanitizers and other disinfectant products is projected to remain the key factor driving the industry.

One of the key factors behind the increasing consumption of the product in the healthcare sector across the globe is the recent outbreak of coronavirus. Demand for hand sanitizers and multiple indoor as well as outdoor disinfectant products, such as floor cleaners and metal disinfectant goods, has quadrupled across all major economies as well as in emerging economies of the world. According to governments worldwide, cleaning of the public spaces, such as public restrooms, airports, bus and metro stations, and commercial spaces, has been made mandatory to curb the spread of the virus. This has led to surge in the consumption of hydrogen peroxide in the industry globally due to its excellent disinfecting properties.

The product also witnessed high demand from various personal care products and cosmetic manufacturers, majorly due to its oxidizing abilities and antimicrobial properties. Europe has evolved as a hub for multinational personal care item producers, such as Loreal, Unilever, Procter & Gamble, and Deutschland GmbH, with their presence across the European marketspace including countries, such as France, U.K., Italy, Germany, and Spain.

In terms of the consumption in the textile sector, Asia Pacific, followed by Europe, has been leading the global market due to increased penetration of fabric manufacturers and detergent formulators. The substance finds key application in the sector as a fabric whitening agent as well as disinfecting agent, which is used after apparel cleaning. Growing awareness among the consumers to adapt to cleanliness is projected to remain a key factor behind industry growth across these regions.

Moreover, Asia Pacific is emerging as a key market for food and beverage process from a global standpoint due to increasing consumption of processed food by the natives of China, Indonesia, South Korea, India, and Japan. Demand for the product in packaging food applications due to its ability to prevent antimicrobial contamination is predicted to be a key boost to the substance’s demand in the food and beverage sector.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/hydrogen-peroxide-market

Further key findings from the study suggest:

  • The oxidant function segment is expected to expand at a CAGR of 4.4%, in terms of volume, from 2020 to 2027 due to increasing demand from the chemical synthesis industry
  • The personal care application segment is expected to register a CAGR of 5.7%, in terms of volume, from 2020 to 2027 due to increasing consumption of the product as an additive due its favorable physical properties
  • Asia Pacific is expected to register the fastest CAGR, in terms of revenue, from 2020 to 2027 owing to presence of a large number of end-use industries in China, India, Vietnam, and Indonesia
  • Companies such as Solvay, Evonik Industries, and Arkema are the market leaders with their worldwide brand presence, catering to an array of industries, such as textile producers and essential healthcare formulators
  • The market is concentrated with multinational brands present globally and established long-term relations with key end-user groups, thereby limiting entry of new industry participants.

Specialty Pulp & Paper Chemicals Market Worth $28.0 Billion By 2027

The global specialty pulp and paper chemicals market size is anticipated to reach around USD 28.0 billion by 2027, expanding at a revenue-based CAGR of 3.1% over the forecast period, according to a new report by Grand View Research, Inc. Growing consumer demand for sustainable and high-quality packaging materials is expected to drive the product demand over the forecast period.

These specialty pulp and paper products help in process improvement, weight reduction, increasing strength, and reducing water requirements thus lowering the production cost. These can be added during different stages of papermaking process including wet end size press or in the drying stage. Proper and efficient use of these chemicals involves details on addition sequence, knowledge of pH, and conductivity along with components in furnish.

The functional chemical segment is likely to hold a significant market share owing to widespread use of products such as starch, latex, binders, and other agents to enhance the quality of paper. Bleaching chemicals such as sodium hypochlorite, hydrogen peroxide, and enzymes are also gaining popularity as they enhance final brightness of the product and decrease the effluent color.

Increasing demand for high quality paper is expected to augment the consumption of Optical Brightening Agent (OBA) and Fluorescent Brightening Agent (FBA) over the next few years. However, growing awareness regarding toxic nature and impact of these chemicals on the environment are anticipated to negatively impact the specialty pulp and paper chemicals market and restrict the growth over the forecast period.

Ashland, Incorporated; BASF SE, Buckman Laboratories International, Inc.; The Dow Chemical Company; and Royal Dutch Shell Plc. are the leading providers in the market. These companies account for a substantial market share and sale of the specialty pulp and paper products due to high production capacities and superior client base.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/specialty-pulp-paper-chemicals-market

Further key findings from the report suggest:

  • Functional chemicals is projected to be the largest product segment and is expected to expand at a CAGR of 2.4% from 2020 to 2027
  • Increasing demand for high quality paper products is expected to drive the demand for pulp and paper chemicals over the forecast period
  • Increasing production cost and rising competition for premium packaging is projected to positively influence the specialty pulp and paper chemicals market growth in the coming years
  • Asia Pacific is anticipated to be the fastest as well as largest emerging regional segment. Growth in retail infrastructure development is expected to support the growing need for packaged good in this region.