Specialty Oxidants Market Size, Competitive Landscape and Market Forecast - 2029

SKU: DMCH2612 | Last Updated On: Dec 29 2022 | Available Formats

> Global Specialty Oxidants Market is Expected to reach a high CAGR of 5.9% By 2029 | DataM Intelligence

Global Specialty Oxidants Market is segmented By Type (Sodium Chlorate, Hydrogen Peroxide, Others), By Application (Defoliant, Bleaching, Propulsion, Cleaning and Extraction, Others), By End User (Healthcare and Personal Care, Wastewater and Water Treatment, Food Processing, Pulp and Paper, Textile, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022 - 2029

[150 Pages Report] The Global Specialty Oxidants Market is expected to grow at a high CAGR of 5.9% during the forecasting period (2022 - 2029).

Specialty Oxidants Market - Strategic Insights

Metrics

Details

Market CAGR

5.9%

Segments Covered

By Type, By Application, By End User and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

To Get a Free Sample Click here

 

Specialty oxidants are the strong oxidizing agents used in a variety of functions such as bleaching,  and coating during the manufacturing of specialty pulp & papers, textile, healthcare, and personal care products. Some of the specialty oxidants consist of sodium chlorate as an effective defoliant/desiccant for agricultural industry applications, hydrogen peroxide used for pulp bleaching in water treatment, and food disinfection.

Specialty oxidants are widely acceptable in the hydrogen propylene oxide (HPPO) process and are also used as raw materials for the production of propylene oxide. Furthermore, the escalating demand for specialty oxidants is increased in various applications including toothpaste, sterilization, sanitizer, bleaching, and many more.

Specialty Oxidants Market Dynamics

The market is driven by the rising demand the specialty oxidants for the paper & pulp, wastewater treatment, healthcare, and personal care industries. Specialty oxidants are widely used in the wastewater treatment facilities and it overcomes the increasing problem with the presence of toxic chemicals and provides disinfection. The specialty chemicals demand is increasing with rising usage in the flexible packaging across the industrial, residential, and commercial levels.

There is a rise in the adoption of next-generation advanced innovative solutions with the help of the specialty oxidants for healthcare & personal care products including household and cleaning products which created a huge opportunity for this market. For instance, on 9th Jan 2020, BASF SE strengthens its business related to water-soluble polyacrylates for use in household and commercial cleaning products and industrial applications which benefit expanded capacity in specialty chemicals and oxidants.

Specialty Oxidants Market Segment Analysis

The global specialty oxidants market is segmented based on types, application, end-user, and region.

In terms of type, the global specialty oxidants market is bifurcated into sodium chlorate, hydrogen peroxide, and others. Among this the hydrogen peroxide segment has the highest market share in 2019, owing to an increase in the demand for the healthcare and personal care industry. Due to the covid-19 pandemic, the sale of hydrogen peroxide made oxidizing specialty chemicals has drastically increased as it is used as a surface disinfectant to kill germs and brighten the surface.

Similarly, the sodium chlorate segment is also growing at the fastest pace owing to the increasing demand for the oxidizing & bleaching agent for paper & pulp, leather tanning, and finishing agent in the textile industry as a=well as used in explosives, matches, and fireworks.

Depending on the application, the global specialty oxidants market is divided into defoliant, bleaching, propulsion, cleaning & extraction, and others. Among this bleaching, the segment has the highest market share in 2019, which is due to an increase in the demand of the bleaching agent in the paper & pulp as well as the personal care and healthcare industry. According to the Environmental Paper Network Organization in 2014, the global paper & pulp industry is increasing due to a surge in consumption which is increasing at the rate of 400 million tonnes per year.

Similarly, propulsion, cleaning & extraction, and defoliant segments are also growing at a faster pace owing to the rising utilization of the cleaning & extraction agents during the covid-19 pandemic has driven the specialty oxidants market. Further, several leading players are launching specialty chemicals oxidizing agents for producing personal care products. For instance, on 26th June 2018, Diversey Care launched oxivir 1 as a disinfectant cleaner wipes. It was designed with the help of accelerated hydrogen peroxide (AHP) which is used against bacteria, enveloped and non-enveloped viruses, and fungi.

Depending upon the end-user, the global specialty oxidants market is divided into healthcare & personal care, wastewater & water treatment, food processing, pulp & paper, textile, and others. Among this the food processing segment has the highest share in2019, owing to an increase in the demand for the food and beverages processing industry with a surge in the global sale of packaged food products.

As the food processing segment has the highest market share in 2019, owing to increasing the consumption of packaged food and beverages around the globe. According to the Food and Agriculture Organization (FAO), the food and beverage sector market including farmers, food processing companies, retailers, and wholesalers is the world’s largest market with a value of around USD 12.5 trillion equal to 17% of the world’s GDP in 2013.

Similarly, healthcare & personal care, wastewater & water treatment, pulp & paper, and textile segments are also growing at a faster pace owing to a surge in the adoption of specialty oxidants for healthcare and personnel care products such as sanitation, bleaching, and among others during the covid-19 pandemic.

Specialty Oxidants Market Geographical Presentation

By region, the global specialty oxidants market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, Asia-Pacific is the dominant region for the global specialty oxidants market and expected to grow at the highest CAGR during the forecasted period due to the presence of leading manufacturers with growing demand in the end-user industries including healthcare, food processing, etc followed by North America region.

North America is also growing at a faster pace for the specialty oxidants market, owing to rising utilization of the healthcare and personal care products including cleaning agents, surface disinfectants due to the prevalence of the covid-19 pandemic. According to the Environmental Paper Network Organization, the paper consumption in China, Japan, the USA, and Europe was registered at around 106 million tons, 27 million tons, 71 million tons, and 92 million tons respectively which propels the demand for specialty oxidants in the paper & pulp industry.

Specialty Oxidants Companies and Competitive Analysis      

The global specialty oxidants market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Lanxess, BASF, Nouryon, Solvay, Aditya Birla Chemicals, Arkema Group, Mitsubishi Gas Chemical Company, Evonik, Gujarat Alkalies and Chemicals Ltd, and Kemira are the leading market players with significant market share.

Companies are entering into collaborations, acquisitions, mergers, and licensing for increasing their market penetration to develop the advanced technology reactors. For instance, on 15th May 2019, Arkema acquired ArrMaz, a US-based leader in specialty surfactants for US$ 570 million. This acquisition has driven the growth of the high-performance materials division of the company. Further, on 11th August 2018, Evonik acquired Peroxychem for US$ 625 million. This acquisition has strengthened the portfolio of Evonik related to the hydrogen peroxide-based chemical products.

 

Frequently Asked Questions

What is the Projected CAGR value of the Specialty Oxidants Market ?

Specialty Oxidants Market t is expected to grow at a CAGR of 5.9% during the forecasting period 2022-2029.

Which region controlled the global market during 2022-2029?

North America region Controls the Specialty Oxidants Market during 2022-2029

Which is the fastest growing region in theSpecialty Oxidants Market ?

Among all regions, Asia Pacific is the fastest growing market share during the forecast period 

Trending Topics

Specialty Pigments Market

Organic Pigments Market

Cosmetic Pigments Market

Did not find what you were looking for?Every 7 out of 10 customers request tailored reports. Get yours today!
We collate your requirements.
Our global research team is put into action.
We deliver, and make sure your endeavour is a success!

Buy This Report

20% Discount Applied*



Note*: For "Bundle/Bulk" Subscription of Reports,
please contact: [email protected]

Get your free sample proposal with a single click!

linkedinpinterest