Growing P&P Industry Predicted to Nearly Double Hydrogen Peroxide Market by 2024
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Global Market Insights' (GMI) of Lexington, Mass., USA, in-depth study of the hydrogen peroxide for papermaking market completed in Dec. 2016 has now released a set of newly available specifics to the public sourced from the full for-purchase study via a summary published earlier this week (Feb. 12) by CMFE Research. GMI predicted that the hydrogen peroxide market is set to grow from its recent market value (Dec. 2016) of 3.89 billion to over $6.39 billion by 2024 primarily due to growth in the P&P industry.
- P&P industry accounted for over 40% of the global hydrogen peroxide market share in 2015 and is anticipated to maintain dominance during the forecast period.
- Global P&P industry may consume hydrogen peroxide worth over $2.5 billion by 2024.
- Applications for brightening of de-inked papers primarily favors industry demand.
- Global P&P industry was worth more than $550 billion in 2015.
- Steady growth in our industry driving hydrogen peroxide use is due in part to the increase of bio-mass / wood-pulp based (bio-material) flexible packaging demand.
- Growing awareness about usage of recycled paper will boost demand for de-inked recycled paper via hydrogen peroxide.
Top 5 key market players in hydrogen peroxide for the P&P industry during forecast period:
Akzo Nobel
Evonik
Arkema
Solvay
Kemira
