Asia Pacific Hydrogen Peroxide Market to hit USD 3.3 billion by 2026

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Asia Pacific Hydrogen Peroxide Market to hit USD
3.3 billion by 2026 Graphical Research
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APAC Hydrogen Peroxide Market size will cross USD
3.3 billion by 2026. High product demand in the
pulp paper industry. It is used for bleaching
of cellulose, bleaching of wood pulp, and in the
recycling process of paper.   The paper pulp
segment will account for approximately 39 share
of the overall market during the forecast time
period. Paper pulp is one of the major end-user
segments of the overall APAC hydrogen peroxide
market. The paper pulp industry employs
hydrogen peroxide for three major applications,
bleaching of cellulose, beaching of wood pulp,
and for recycling of paper. The growing demand
for paper pulp in the packaging industry across
the globe will have a positive impact in the
overall APAC hydrogen peroxide market during the
assessment period. Moreover, more and more
emphasis on paper recycling to protect the
environment has surged the demand for recycled
paper products, in turn, contributing to the
overall market revenue. High-grade hydrogen
peroxide aids in the improvement of stability
brightness in pulp and reduces production cost,
in turn, making the product highly desirable in
the paper pulp industry across the region.
However, the COVID-19 had a major effect on the
overall paper demand across the globe, which is
anticipated to take its normal course in the
coming years.   Asia Pacific raw material
production output will be moderately affected
owing to the coronavirus pandemic. Small to
medium-scale manufacturers in China had to
extract higher price on raw material supplies for
domestic as well as export markets. This is owing
to the disruption in the ecosystem created by the
COVID-19 outbreak. Further, the Chinese output is
expected to remain flat by the end of 2020. The
country being one of the major producers of
hydrogen peroxide in the region will be largely
hit by the disruption of supply chain due to the
imposition of lockdown in the region. However,
since the manufacturers in the region mostly rely
on domestic raw material supply, the impact
should be moderately low compared to other
regions.
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Hydrogen peroxide is used as an oxidant in the
mining industry. It is used in the production
process of elements, such as gold and uranium,
and simplifies chemical management. Hydrogen
peroxide aids in the improvement of the overall
process control and is used in various steps of
the metallurgical process. It is also used for
effluent treatment in various mines. The product
effectively removes cyanides from waste streams
such as discharge water or tailing slurries. The
mining segment held a market share of over 4 in
2019 and is anticipated to exhibit similar trends
throughout the assessment period. Strong growth
indicators in the pulp paper industry shall be
the prime factors driving the APAC hydrogen
peroxide market growth over the forecast period.
The product market revenue shall witness a rise
in the coming years due to the surge in demand
from chemical and mining industries, which is one
of the major revenue generators of the product.
Moreover, the increasing investment in wastewater
treatment across various nations will also propel
the demand for hydrogen peroxide owing to its
excellent disinfectant properties. However, the
health and environmental effects relating to the
prolonged exposure of the product are anticipated
to be major factors restraining the market
throughout the assessment period.
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Segmentation of Asia Pacific Hydrogen Peroxide
Market APAC Hydrogen Peroxide Market, By
Industry Paper Pulp Chemical Wastewater
Treatment Mining Others The above information is
provided on a country basis for the
following Asia Pacific China India Japan Australi
a Indonesia Malaysia South Korea
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