Calcium peroxide demand is expected to grow on account of its increasing need in the agriculture sector. Growing demand for oxidizing agents to maintain soil quality and produce high yield has contributed towards augmenting calcium peroxidemarket growth. Increasing trend of adding whitening agents in toothpastes owing to growing consumer awareness regarding importance of strong white teeth has contributed towards its expansion over the last few years.
It is a precursor in manufacturing hydrogen peroxide. Growing demand for hydrogen peroxide from the oral care industry as a whitening agent to improve oral health has played a huge a part towards propelling its expansion. This trend is expected to have a positive impact on the calcium peroxidemarket. Growing consumer awareness regarding its benefits in maintaining better oral health care has played a major role in its growth in personal care sector. Increasing demand for hydrogen peroxide which contributes to over 15% of total global revenues from the chemical industry is a major factor in propelling growth in the last few years.
Calcium peroxide plays a major role in the food industry as a dough conditioner in manufacturing bread and cakes. This has resulted in growing demand from the baking sector which has helped in promoting growth. Growing need for highly efficient bleaching agents such as hydrogen peroxide from the paper and pulp industry has led to exponential growth in the last few years. The food sector is expected to witness a significant rise in consumption on account of increasing utilization of bleaching agents.
North America and Europe have witnessed a strong demand of hydrogen peroxide in the last few years on account of its applications as bleaching agent in cosmetics, cleaners, and detergents. This has contributed towards its overall development in these regions.
Pulp bleaching sector holds over 70% of the global calcium peroxidemarket share. Demand in this sector will continue to grow over the forecast period. Emerging markets including India and China have witnessed significant demand as they are among the important ingredients in pre-sowing treatments of crops including rice. This has played a major role in its growth over the years on account of these two regions being major rice producers. Agricultural sector in these countries has witnessed strong demand owing to its ability to maintain soil health and quality of yield. It is also contributing towards maintaining environmental health by restoring groundwater and soil which has been polluted by the excessive use of hydrocarbons over the last few years. This application is expected to help in augmenting growth owing to the rising concerns of environmental pollution.
Water treatment is another key application for calcium peroxide which has played a prime role in its growth in the last few years. Strict environmental regulations and strong government initiatives to provide better healthcare facilities have led to an increase in the number of water treatment facilities in various regions. North America and Western Europe are key regions which have witnessed a significant rise in water treatment facilities owing to the strict environment regulations. This has stimulated demand over the forecast period. Textile segment is another major contributor to calcium peroxidemarket growth on account of its ability to act as a bleaching agent.
Some of the key players dominating the calcium peroxidemarket include Solvay SA, BASF SE, Arkema Group, Chang Chun Petrochemical Co., Ltd., Nippon Co., Ltd., Guangdong Zhongcheng Chemicals Inc., Ltd., Evonik Degussa GmbH, Mitsubishi Gas Chemicals Co., Inc., and Dow Chemical. BASF SE and Dow Chemical collaborated to develop HPPD technology which utilizes hydrogen peroxide for the production of propylene oxide. This will help increasing its consumption in various applications in the next seven years.
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Demand across the organic chemicals sector shall register a slump in growth albeit increasing demand for certain chemicals that find end applications in healthcare and food. Furthermore, China, a major supplier of chemicals to the world, registered a considerable decline in manufacturing in the first quarter of 2020, following the trajectory unfolded by COVID-19's escalation to a pandemic. This has led to an imbalance in supply-demand dynamics, forcing manufacturers and customers alike to renegotiate supply agreements. The report will account for Covid19 as a key market contributor.