Growing Commercial Scale Deployment of HPPO Plants to Drive the Global Market for Hydrogen Peroxide, According to New Report by Global Industry Analysts, Inc.
San Jose, California (PRWEB) June 04, 2014 -- Follow us on LinkedIn – Hydrogen peroxide (H2O2), a chemical compound of hydrogen and oxygen, plays a pivotal role in the global chemical industry. The chemical is a strong oxidizing agent and is employed predominantly to oxidize organic and inorganic compounds. Owing to its numerous chemical properties, hydrogen peroxide finds usage in a wide array of applications across a broad spectrum of industries, such as pulp & paper mills, pesticides, textiles, wastewater & potable water treatment, biological decontamination of soils, mining, tanneries, cosmetics, oral care, medical, semiconductor and detergents. H2O2 is also used in chemical industries as an oxidizer, bleacher, disinfectant and antichlor. The chemical is used as bleach for hair, ivory, feathers, and delicate fabrics. Rockets and torpedoes use it as a source of oxygen in fuel.
Environmental laws and regulations play a vital role in driving the use of hydrogen peroxide, given the chemical’s emission-free and eco-friendly characteristics. Use of hydrogen peroxide in bleaching, for instance, witnessed spectacular growth following the crackdown on the use of halogenated bleaching agents, which was often associated with hazardous emissions and effluents. Hydrogen peroxide is currently being preferred widely in pollution control and water treatment applications, and as a bleaching and neutralizing agent. Increased environmental pressure, particularly in North America and Western Europe, continue to drive demand for hydrogen peroxide in applications such as pulp bleaching, treating process streams, and remediating contaminated soil and water.
Pulp & paper represents the largest end-use market, accounting for a major share of hydrogen peroxide consumption worldwide. In the coming years, electronics, mining, disinfection, and water treatment are likely to emerge as lucrative end-use markets. In addition, increasing use of hydrogen peroxide to propylene oxide (HPPO) process in the production of propylene oxide is expected to fuel demand for hydrogen peroxide. HPPO technology, developed and commercialized jointly by BASF and Dow, utilizes large quantities of hydrogen peroxide for the production of propylene oxide in an emission free, environment friendly process.
As stated by the new market research report on Hydrogen Peroxide, Asia-Pacific represents the largest regional market worldwide. Surging at a CAGR of 6.4% over the analysis period, the region also ranks as the fastest growing market with growth led predominantly by China. Key factors fuelling growth in China include bleach substitution, and strong demand from key end-use markets, such as chemical synthesis and environmental applications. Growth is also expected to come from growing production of Propylene Oxide (PO) where H2O2 is the primary raw material. Pulp & Paper represents the largest end-use sector, while chemical synthesis is projected to emerge as the fastest growing application area.
Major players in the global market include AkzoNobel Pulp and Performance Chemicals AB, Arkema S.A., Chang Chun Petrochemical Co. Ltd., Evonik Industries AG, Guangdong Zhongcheng Chemicals Inc. Ltd., Hansol Chemicals, Kemira Oyj, Kingboard Chemical Holdings Ltd., Mitsubishi Gas Chemicals Co. Inc., National Peroxide Limited, Nippon Peroxide Co. Ltd., OCI Company Ltd., and Solvay SA, among others.
The research report titled “Hydrogen Peroxide: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America, and Rest of World. Key end-use industries analyzed include Pulp & Paper, Textiles, Environmental, Chemical Synthesis, and Others.
For more details about this comprehensive market 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 leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/
###
Raghu Gopal, Global Industry Analysts Inc, +1 408-528-9966, [email protected]
Share this article