Top 4 Hydrogen Peroxide Companies in the World

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Solvay SA, Evonik Industries AG, Arkema, and Kemira Oyj, among others, are the major players in the global market for hydrogen peroxide.

As per the analysis by Expert Market Research, the global hydrogen peroxide market is anticipated to experience significant growth during the forecast period of 2023-2028, with a CAGR of 4.40%, driven by the increasing application of hydrogen peroxide.

Hydrogen peroxide finds extensive usage across various applications such as water treatment, pollution control, and in the agricultural sector for enhancing crop yield. Its demand has surged significantly in the production of bleach products to eliminate chlorine compounds. Additionally, the growing demand for recycled paper has further accelerated market growth.

Government initiatives worldwide have also played a crucial role in boosting the hydrogen peroxide market, and this demand trend is expected to continue. The escalating demand for paper and pulp from the packaging and pharmaceutical sectors, along with the rising need for high-quality paper in print media, is creating a positive outlook for the hydrogen peroxide market.

In May 2020, Kemira announced an extension of their long-term bleaching chemicals supply contract with UPM-Kymmene Corporation. Kemira's investment, amounting to over USD 30 million, aimed at enhancing the production capacities of sodium chlorate and hydrogen peroxide at the UPM Fray Bentos site’s chemical island. This site, which began operations in 2007, will continue to exhibit superior operational and environmental performance with the newly introduced state-of-the-art technology.

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Leading Global Hydrogen Peroxide Companies

Solvay SA

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Solvay SA is renowned for its chemical productions with three core business segments comprising chemicals, materials, and solutions. The company pioneers advancements in various sectors like aerospace, automotive, medical devices, and environmental challenges, with more than 23,000 employees worldwide. Solvay has operations in 110 sites across 64 countries.

Evonik Industries AG

Evonik is a globally leading specialty chemical company contributing to diverse sectors including tire manufacturing, mattresses, and animal feed. With active production facilities in 27 countries, Evonik operates under five business divisions: Smart Materials, Specialty Additives, Nutrition and Care, Performance Materials, and Technology and Infrastructure.

Arkema

Arkema excels in specialty materials with a strong foundation in material science. Catering to the growing need for innovative and sustainable materials, Arkema operates three main divisions: Adhesive Solutions, Advanced Materials, and Coating Solutions. The company employs around 20,600 individuals across 55 countries globally.

Kemira Oyj

Kemira specializes in sustainable chemical solutions for water-intensive industries globally. They offer tailored solutions to enhance product quality, efficiency, and resource management in pulp and paper, water treatment, and oil and gas sectors.

*At Expert Market Research, we strive to provide current and accurate information. The figures mentioned are indicative and may vary in the final EMR report.

What are the main applications driving the hydrogen peroxide market growth?

The primary applications fueling the hydrogen peroxide market are water treatment, pollution control, agricultural enhancements, bleaching products, and the demand for recycled paper. Additionally, the growth in the packaging, pharmaceutical, and print media sectors is significantly boosting the market.

How do government policies impact the hydrogen peroxide market?

Government policies play a pivotal role in the hydrogen peroxide market's development by promoting sustainable and eco-friendly chemical solutions. These policies often involve regulatory support and incentives for industries to adopt hydrogen peroxide in place of more polluting alternatives.

Which regions are seeing the highest growth in the hydrogen peroxide market?

The Asia-Pacific region, followed by North America and Europe, is witnessing considerable growth in the hydrogen peroxide market due to industrialization, increased environmental regulations, and growing agricultural activities in these regions.

What are the recent technological advancements in hydrogen peroxide production?

Recent technological advancements in hydrogen peroxide production include the development of highly efficient and environmentally friendly production processes. Techniques like the anthraquinone process have been optimized for higher yields and better safety standards.

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