The global specialty oxidants market is poised for good returns during the forecast period due to the need for these chemicals in bleaching and de-inking in recycling of paper. The need for recycled paper due to environmental awareness among the masses will drive the market demand significantly. The need for these chemicals in personal care and healthcare sectors can be bode well for the market. In addition, investments in wastewater and water treatment, foods, and electronic industries will fuel market demand over the coming years.
Specialty oxidants are chemicals used in the elimination of one or more electrons from reactants during a reaction. They have applications in pulp paper, textile, wastewater water treatment, personal care, and healthcare industries. The global specialty oxidants market report by Market Research Future (MRFR) contains various merits and demerits of the industry as well as novel trends for the period from 2022 to 2030 (forecast period). The impact of the COVID-19 pandemic has been thoroughly analyzed and its impact on the industry has been noted in the report.
Competitive Leader Board:
Leading players in the global adhesives and sealants market include Henkel AG Co. KGaA, HB Fuller Company, Ellsworth Adhesives, Eastman Chemical Company, The Dow Chemical Company, BOSTIK SA, Beardow Adams, Avery Dennison Corporation, Ashland, and 3M.
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Market Segmentation:
The global specialty oxidants market is segmented on the basis of type, application, and end use industries. On the basis of type, the market is segmented into sodium chlorate, hydrogen peroxide, and others. By application, the market is segmented into cleaning extraction, defoliant, bleaching, propulsion, and others. The bleaching segment is the largest segment and can dominate the market till 2030.
On the basis of end use industries, the market is segmented into pulp paper, healthcare personal care, wastewater water treatment, textile, food processing, and others. Pulp paper accounted for 30% share in the global specialty oxidants market and can drive the market growth due to interest in recycled paper.
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Regional Analysis:
The global specialty oxidant market is divided into five regions namely — Asia Pacific (APAC), Europe, Latin America, North America, and the Middle East Africa (MEA). Among the aforementioned regions, the APAC specialty oxidants market is anticipated to grow at the highest CAGR during the forecast period due to the rising demand from end use industries such as pulp paper, textile, among others. The demand is expected to witness an upswing in developing countries such as India, Japan, China, and Bangladesh due to growth in food processing and water treatment sectors.
Europe is the second-largest region of the specialty oxidants market. European countries such as the UK, Italy, and Germany can contribute to the market revenue due to demand for foods and beverages. Rise in consumer spending and the expansion of paper packaging in the European region is predicted to spur demand of specialty oxidants.
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