특수 산화제 시장 : 예측(2024-2029년)

The global specialty oxidants market is projected to grow at a CAGR of 4.15% from estimated value of US$5.981 billion in 2024 to US$7.331 billion in 2029.

The global specialty oxidants market is anticipated to grow rapidly over the forecast period owing to their wide array of applications across various verticals such as textiles, paper and pulp, healthcare, and personal care. Specialty oxidants are regarded as strong oxidizing agents used in different industries for various functions such as coating and bleaching, especially when manufacturing specialty pulp & papers, healthcare, textile, and personal care products. Sodium chlorate is one such ingredient that is present in some of the specialty oxidants as an effective desiccant/defoliant for agricultural industry applications.

Increasing usage of specialty oxidants such as sodium chlorate and hydrogen peroxide as bleaching agents and de-inking during paper recycling in the paper industry, coupled with the recycled paper market growth, is expected to provide impetus to specialty oxidants market growth. Specialty oxidants are also used in various industrial procedures for chemical synthesis and extraction procedures for vanadium and uranium. In addition, specialty oxidants are also used as raw materials for producing propylene oxide and are widely acceptable in the hydrogen propylene oxide (HPPO) process. Furthermore, escalating demand for specialty oxidants in the healthcare & personal care industry applications such as sterilization, toothpaste, sanitizer, and bleaching is also predicted to positively influence the market size growth over the forecast period. Additionally, specialty oxidants are used as a cleaning agent across the electronics industry.

The market of specialty oxidants is growing rapidly owing to multiple factors, such as their use in wastewater treatment facilities, as it overcomes the increasing problem of toxic chemicals while providing disinfection. Furthermore, the demand for specialty oxidants is increasing with the growing usage of flexible packaging across the commercial, industrial, and residential levels.

GLOBAL SPECIALTY OXIDANTS MARKET DRIVERS:

• Growing use of specialty oxidants in wastewater treatment

Specialty oxidants regarding wastewater treatment are referred to as a set of chemical treatment procedures that are efficiently designed to remove organic and inorganic material in wastewater and water by oxidization through different reactions with hydroxyl radicals (OH). Specialty oxidants are used efficiently in the water treatment process for the oxidation of contaminants, removal of pollutants, and even disinfection. Thus, with the growing urbanization followed by industrialization and rapid population growth, the demand for specialty oxidants in the water treatment process is considered to be essential, thereby boosting market growth.

Wastewater is becoming an enigma in the sustainable development of society. The growing urban population of developing economies like India and China faces the serious challenge of water quality management and industrial wastewater treatment. According to UNICEF, nearly two billion people live in countries where the water supply is inadequate. Half of the world's population, especially underdeveloped and developing economies in Africa and Asia, face water scarcity for clean drinking water for everyone. It is estimated that nearly 700 million people have to relocate due to extreme water scarcity by 2030.

In this regard, ChemTreat came up with SpecOx, known as ChemTreat's unique specialty oxidant program, essential in providing enhanced microbial control in process and cooling waters. Multiple chemical options, enhanced equipment offerings, proprietary techniques, and a dedicated team of application experts were taken into account by ChemTreat for integrating this novel approach for advanced microbial control. Such developments for wastewater treatment are expected to further drive the growth and the use of specialty oxidants.

• Growing use of Specialty Oxidants in Textile Industry

Specialty oxidants are also used in various industries, of which two important industries are the textile industry and the pharmaceutical and healthcare applications. These oxidants are used in the textile industry for the bleaching and dyeing processes. Hydrogen peroxide, in particular, is regarded as the most popular oxidant, which is used especially for textile bleaching due to its effectiveness and environment friendliness compared to chlorine-based bleach. According to Invest India, India is regarded as the 5th largest producer of technical textiles in the world. In the financial year 2021-22, India's textile exports reported a market size of $22 billion, which is further expected to increase to $300 billion by 2047. Thus, this growth in the textile industry will directly correlate with the growing demand for specialty oxidants.

Global Specialty Oxidants Market Geographical Outlook

• Asia Pacific will dominate the global specialty oxidants market during the forecast period.

The major economies like China, Japan, India, and South Korea dominate the Asia-Pacific region. Some of the fastest-growing emerging economies are from this region, such as ASEAN countries.

The demand for specialty oxidants is expected to grow in the Asia Pacific regions, especially India, China, and Bangladesh, owing to the rise in the food processing and water treatment sectors. Since there has been an increasing demand for the production volume of paper & packaging and the use of eco-friendly specialty oxidants such as hydrogen peroxide, the pulp & paper market has been affected positively, allowing the market to grow in these regions.

The global specialty oxidants market is segmented by end-user industry into healthcare, personal care, wastewater and water treatment, food processing, pulp and paper, textile, and other industries.

The specialty oxidants are broadly utilized in the healthcare, wastewater and water treatment, and personal care segments. With the growing economies of Asia and Africa, the demand for food processing, pulp and paper, and textiles is growing, thus causing the increased demand for specialty oxidants.

The global specialty oxidants market is segmented and analyzed as follows:

By Type

• Sodium Chlorate
• Hydrogen Peroxide
• Others

By Application

• Defoliant
• Bleaching
• Propulsion
• Cleaning & Extraction
• Others

By End-user Industry

• Healthcare
• Personal Care
• Wastewater & Water Treatment
• Food Processing
• Pulp & Paper
• Textile
• others

By Geography

• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Rest of South America
• Europe
• United Kingdom
• Germany
• France
• Italy
• Spain
• Rest of Europe
• Middle East and Africa
• Saudi Arabia
• UAE
• Rest of the Middle East and Africa
• Asia Pacific
• China
• India
• Japan
• South Korea
• Taiwan
• Thailand
• Indonesia
• Rest of Asia-Pacific

TABLE OF CONTENTS

1. INTRODUCTION

• 1.1. Market Overview
• 1.2. Market Definition
• 1.3. Scope of the Study
• 1.4. Market Segmentation
• 1.5. Currency
• 1.6. Assumptions
• 1.7. Base and Forecast Years Timeline
• 1.8. Key benefits for the stakeholders

2. RESEARCH METHODOLOGY

• 2.1. Research Design
• 2.2. Research Process

3. EXECUTIVE SUMMARY

• 3.1. Key Findings
• 3.2. Analyst View

4. MARKET DYNAMICS

• 4.1. Market Drivers
  • 4.1.1. Rising Demand for Speciality Oxidants in End-User Industries
  • 4.1.2. Usage in wastewater treatment
• 4.2. Market Restraints
  • 4.2.1. Threats from Substitutes
• 4.3. Porter's Five Forces Analysis
  • 4.3.1. Bargaining Power of Suppliers
  • 4.3.2. Bargaining Power of Buyers
  • 4.3.3. The Threat of New Entrants
  • 4.3.4. Threat of Substitutes
  • 4.3.5. Competitive Rivalry in the Industry
• 4.4. Industry Value Chain Analysis

5. GLOBAL SPECIALTY OXIDANTS MARKET BY TYPE

• 5.1. Introduction
• 5.2. Sodium Chlorate
• 5.3. Hydrogen Peroxide
• 5.4. Others

6. GLOBAL SPECIALTY OXIDANTS MARKET BY APPLICATION

• 6.1. Introduction
• 6.2. Defoliant
• 6.3. Bleaching
• 6.4. Propulsion
• 6.5. Cleaning & Extraction
• 6.6. Others

7. GLOBAL SPECIALTY OXIDANTS MARKET BY END-USER INDUSTRY

• 7.1. Introduction
• 7.2. Healthcare
• 7.3. Personal Care
• 7.4. Wastewater & Water Treatment
• 7.5. Food Processing
• 7.6. Pulp & Paper
• 7.7. Textile
• 7.8. others

8. GLOBAL SPECIALTY OXIDANTS MARKET BY GEOGRAPHY

• 8.1. Global Overview
• 8.2. North America
  • 8.2.1. United States
  • 8.2.2. Canada
  • 8.2.3. Mexico
• 8.3. South America
  • 8.3.1. Brazil
  • 8.3.2. Argentina
  • 8.3.3. Rest of South America
• 8.4. Europe
  • 8.4.1. United Kingdom
  • 8.4.2. Germany
  • 8.4.3. France
  • 8.4.4. Italy
  • 8.4.5. Spain
  • 8.4.6. Rest of Europe
• 8.5. Middle East and Africa
  • 8.5.1. Saudi Arabia
  • 8.5.2. United Arab Emirates
  • 8.5.3. Rest of the Middle East and Africa
• 8.6. Asia-Pacific
  • 8.6.1. China
  • 8.6.2. India
  • 8.6.3. Japan
  • 8.6.4. South Korea
  • 8.6.5. Taiwan
  • 8.6.6. Thailand
  • 8.6.7. Indonesia
  • 8.6.8. Rest of Asia-Pacific

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

• 9.1. Major Players and Strategy Analysis
• 9.2. Market Share Analysis
• 9.3. Mergers, Acquisitions, Agreements, and Collaborations
• 9.4. Competitive Dashboard

10. COMPANY PROFILES

• 10.1. Akzo Nobel N.V.
• 10.2. Evonik Industries AG
• 10.3. Arkema
• 10.4. Solvay
• 10.5. BASF SE
• 10.6. Clariant
• 10.7. Mitsubishi
• 10.8. Kemira
• 10.9. Lanxess
• 10.10. Wacker Chemie AG
• 10.11. Huntsman International LLC
• 10.12. Ashland