According to a new report published by Report Ocean, the global market for hydrogen peroxide (CAS 7722-84-1) is projected to grow at a robust CAGR of 8.41% by 2023. The report segments the market and provides size forecasts in terms of volume and value, based on application (pulp & paper, chemical intermediates, water treatment, mining, textile, electronics, etc.), and geography (North America, Europe, Asia-Pacific, MEA, and South America).
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The report offers a comprehensive analysis and forecast for the hydrogen peroxide market at both global and regional levels. It includes historical data from 2013 to 2017 and provides a forecast from 2018 to 2023, considering both output/volume and revenue. The report examines the drivers and restraints impacting the hydrogen peroxide market, along with their influence on demand during the forecast period. Additionally, the report identifies global-level opportunities within the hydrogen peroxide market.
The report has been prepared by synthesizing, analyzing, and interpreting information gathered from specialized sources regarding the global hydrogen peroxide market. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overviews, financial overviews, product portfolios, new project launches, and recent developments are among the parameters included in the profiles.
The demand for hydrogen peroxide arises from various applications such as pulp & paper, chemical intermediates, water treatment, mining, textile, electronics, and others. Each segment has been analyzed based on current and future trends, with market estimates from 2018 to 2023. Importantly, the report and company profiles highlight the key drivers impacting the demand in the global hydrogen peroxide market.
Key Vendors:
- Solvay S.A.
- Evonik Industries AG
- Mitsubishi Gas Chemical Company, Inc.
- Arkema S.A.
- PeroxyChem LLC
- Luxi Chemical Group Co., Ltd.
- Akzo Nobel N.V.
- Kemira Oyj
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Other prominent vendors in the market include Adama Agricultural Solutions Ltd., Aditya Birla Chemicals, Anhui Haoyuan Chemical Industry Group Co. Ltd., Anhui Jinhe Industrial Co., Ltd., Befar Group Co., Ltd, Belinka Perkemija, d.o.o., Chang Chun Petrochemical Co. Ltd., Ercros S.A, Guangdong Hec Technology Holding Co., Ltd, Gujarat Alkalies and Chemicals Limited, Hansol Chemical Co., Ltd., Hebei Xinhua Co. Ltd., Hodogaya Chemical Co., Ltd., Huatai Group Co., Ltd., Hunan Shuangyang Gaoke Chemical Co., Ltd., Jiangshan Shuangyangshui Co., Ltd., Jiangsu Tianhong Chemical Co., Ltd., Jiangsu Yangnong Chemical Group Co., Ltd., Lee & Man Chemical Company Limited, Liuzhou Chemical Industry Co., Ltd., National Peroxide Limited, OCI Chemical Corporation, OJSC Orgsyntez, Zhejiang Runtu Co., Ltd., Shandong Yangmei Hengtong Chemical Co., Ltd., Shandong Minghua Investment Holding Group Co., Ltd., Sichuan Golden-Elephant Sincerity Chemical Co., Ltd., China Petrochemical Corporation, Taekwang Industrial Co., Ltd., Zaklady Azotowe Pulawy SA, Zhejiang Jinke Culture Industry Co., Ltd., Zhejiang Xinhua Chemical Co., Ltd, etc.
Key Applications:
- Pulp & Paper
- Chemical Intermediates
- Water Treatment
- Mining
- Textile
- Electronics
Key Regions:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
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PESTEL Analysis
Political Factors
- Political factors assess the potential impact of government policies and stability on an organization or a specific industry.
- This includes examining political policies, trade regulations, fiscal policies, and taxation policies.
Economic Factors
- Economic factors directly influence the economy and its performance, which in turn affect the organization’s profitability.
- These factors encompass interest rates, employment and unemployment rates, raw material costs, and foreign exchange rates.
Social Factors
- Social factors focus on the social environment and identify emerging trends.
- Understanding consumer needs and wants within a social context is crucial for marketers.
- Factors in this category include changing family demographics, education levels, cultural trends, attitude changes, and shifts in lifestyles.
Technological Factors
- Technological factors consider the pace of technological innovation and development that can impact a market or industry.
- This involves changes in digital or mobile technology, automation, research and development.
- It’s important to not only focus on digital advancements but also new methods of distribution, manufacturing, and logistics.
Environmental Factors
- Environmental factors relate to the surrounding environment and the ecological impact.
- As Corporate Sustainability Responsibility (CSR) and sustainability gain importance, organizations need to consider these factors in their business operations.
- This includes climate, recycling practices, carbon footprint, waste disposal, and sustainability efforts.
Legal Factors
- Legal factors require organizations to understand the legal requirements and restrictions in the territories they operate in.
- It is crucial to stay updated on changes in legislation and how they may impact business operations.
- Factors include employment legislation, consumer laws, health and safety regulations, international regulations, and trade restrictions.
SWOT analysis:
Strengths:
- These are the internal positive attributes and resources that give an advantage over others. It could be expertise, unique skills, valuable assets, strong brand reputation, or a dedicated team.
Weaknesses:
- These are internal factors that put the entity at a disadvantage compared to others. Weaknesses might include inadequate resources, lack of expertise in certain areas, or inefficient processes.
Opportunities:
- These are external factors that could be favorable to the entity. Opportunities might arise from market trends, technological advancements, changes in regulations, or new partnerships.
Threats:
- These are external factors that could harm the entity’s performance or stability. Threats might – come from competitors, economic downturns, changing consumer preferences, or disruptive technologies.
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