Top 4 Companies Bolstering the Global Hydrogen Peroxide Market

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 expected to grow in the forecast period of 2023-2028 at a CAGR of 4.40%, owing to the rising applications of hydrogen peroxide.

Hydrogen peroxide is used in many applications like water treatment and pollution control, thus boosting the global hydrogen peroxide market. Their demand has also increased since it is used in the agricultural sector to increase crop yield. In order to eliminate chlorine compounds through bleaching methods, there has been an increase in the demand for hydrogen peroxide in bleach products. Furthermore, the market has benefited from the growing demand for recycled paper.

The market for hydrogen peroxide has also been boosted by a number of governmental efforts from different nations, and this demand is projected to continue to expand. A positive outlook for the hydrogen peroxide market is being created by the rising demand for paper and pulp from the packaging and pharmaceutical industries, along with the rising demand for high-quality paper from the print media.

Kemira announced a long-term extension of their bleaching chemicals supply contract with UPM-Kymmene Corporation in May 2020. The chemical bleaching facilities, which are a part of the chemical island at the UPM Fray Bentos site, will receive an investment from Kemira totalling over USD 30 million. This investment will increase both the capacity for producing sodium chlorate and hydrogen peroxide. The chemical island was the first of its kind when it started operating in 2007. With the additional investments in brand-new, cutting-edge technology, it will continue to exhibit great operational and environmental performance.

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Top 4 Global Hydrogen Peroxide Companies:

Solvay SA

Solvay SA is a chemical company which is a global leader with three business segments: chemicals, materials, and solutions. Some of their work includes bringing advancements for aeroplanes, batteries, cars, medical devices, and solving critical industrial social and environmental challenges. The company has a workforce of more than 23,000 employees working for them across the globe. They have a presence in 110 sites and are present in 64 countries worldwide.

Evonik Industries AG

Evonik is a leading speciality chemical company in the world which contributes to making tires, mattresses, and animal feeds, among others. The company has active production plants in 27 countries in the world. Evonik mainly has five business divisions: Smart Materials, Specialty Additives, Nutrition and Care, Performance Materials, and Technology and Infrastructure.

Arkema

Arkema is a leading company in speciality materials which is built on a unique set of expertise in materials science. It designs materials to acknowledge the increasing demand for innovative and sustainable materials. The company mainly operates in three business divisions dedicated to speciality materials. The divisions are as follows: Adhesive Solutions, Advanced Materials, and Coating Solutions. The company has a workforce of around 20,600 employees working for them across the globe and has its presence in more than 55 countries worldwide.

Kemira Oyj

Kemira is a leading company in sustainable chemical solutions for water-intensive industries across the globe. They provide the best suited products and expertise to improve the product quality, process, and resource efficiency for customers. The company’s main focus areas lie in pulp and paper, water treatment, and oil and gas industries.