Global Hydrogen Peroxide Market to Reach 4.3 Million Metric Tons by 2012, According to New Report by Global Industry Analysts, Inc.
Demand for H2O2 is expected to be fueled by greater demand for pulp & paper products. Other favorable factors include environmental regulations and mandates. Global hydrogen peroxide market is projected to reach 4.3 million metric tons by the year 2012.
San Jose, CA (PRWEB) April 17, 2008 -- Hydrogen peroxide is primarily used for the synthesis of organic and inorganic peroxides, peracids and lactones. Elemental chlorine free (ECF) processes and introduction of maximum achievable control technology (MACT) by the EPA in United States and total chlorine free (TCF) processes mandate by the European Union, all of which stipulate reduction of usage of chlorine in bleaching processes, have been the major market drivers for hydrogen peroxide and/or its derivatives.
The US hydrogen peroxide market is estimated at 705 thousand metric tons for 2008, as stated by Global Industry Analysts, Inc. Asia-Pacific represents the fastest growing market, recording a CAGR of 8% over the period 2001-2010. Pulp & paper industry represents the largest end-use market of hydrogen peroxide. Consumption of hydrogen peroxide in pulp and paper industry is expected to be around 2.11 million metric tons by 2010. Hydrogen peroxide consumption in textiles industry is projected to grow at a compounded annual rate of nearly 5.5% over the period 2001-2010. Manufacturers of hydrogen peroxide are making efforts to stop the commoditization of the chemical by offering customized products for different processes within the various end-uses.
On the competitive front, European players dominate the market in both Europe and North America. North American players such as Dow Chemical and FMC also have a significant presence in the market. However, the market is highly scattered in Asia-Pacific region with a large number of small players accounting for large share of the market.
The report titled "Hydrogen Peroxide: A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of competitive scenario, industry overview, key applications, product overview, research & development, and recent industry activity. The study provides market data and analytics in volume sales for regions such as United States, Canada, Japan, Europe, Asia-Pacific and Latin America for the period 1991-2015. End-use segments analyzed include Pulp & Paper, Textiles, Environmental and Chemical Synthesis.
Key players dominating the global hydrogen peroxide market include Arkema, BASF AG, Chang Chun Petrochemical Co, DC Chemicals, Dow Chemical, Eka Chemicals, Evonik Degussa, FMC Corporation, Guangdong Zhongcheng Chemicals, Hansol Chemicals, Kemira, Kingboard Chemical Holdings, Mitsubishi Gas Chemicals, Nippon Peroxide, PT Degussa Peroxide Indonesia and Solvay.
For more details about this research report, please visit
http://www.strategyr.com/Hydrogen_Peroxide_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press @ StrategyR.com
Web Site www.StrategyR.com
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