Specialty oxidants are those chemical species that remove one or more electrons from another reactant in the chemical reaction. The Specialty oxidants being good electron receptors, it is broadly utilized in bleaching agent, defoliant, and chemical synthesis among other applications around an array of end use industries such as healthcare & personal care, wastewater & water treatment, food processing, pulp & paper, textile, and several others. Market impetus aspects linked with the global specialty oxidants market includes the growing consumptions of specialty oxidants such as sodium chlorate and hydrogen peroxide in bleaching and de-inking procedures applied to recycled paper in the paper industry joined with the recycled paper market growth is expected to propel market growth over the forecast period.
According to the report analysis, ‘Global Specialty Oxidant Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027’ states that Akzo Nobel, Evonik, Solvay, Cristol, Arkema Group, Mitsubishi Gas Chemical Company, Aditya Birla Chemicals, Gujarat Alkalies and Chemicals Ltd and many more are the foremost corporates which presently operating in the global specialty oxidants industry more effectively for leading the highest market growth and registering the great value of market share around the globe during the near years while delivering the better consumer satisfaction, employing the young and active personnel, decreasing the associated prices of such, increasing the applications and benefits of such, analysing the strategies and policies of government as well as similar corporates, accepting the policies of enlargement and profit making, establishing the several research and development programs, improving the qualitative and quantitative measures of such, framing the market entry strategy and spreading the awareness connected to the applications and benefits of such.
By types, the global specialty oxidants industry is classified into hydrogen peroxide and sodium chlorate. By applications, the Global Specialty Oxidants Market is categorized into wastewater & water treatment, food processing, healthcare, paper & pulp, textile and several others.
In addition, the effective growth in demand for specialty oxidants in the healthcare & personal care industry applications such as sterilization, toothpaste, sanitizer, bleaching is also probable to positively propel the market throughout the forecast period On the plus side, growing investment in the wastewater & water treatment industry as well as enlargement of food processing industry in the developing markets is projected to boost entire specialty oxidants requirement. Additionally, specialty oxidants are utilized as a cleaning agent around the electronics industry. Thus, considering the booming growth of electronics industry, especially in the Southeast Asian countries is projected to offer rewarding market growth opportunities for global specialty oxidants market.
The large and organized players in the specialty oxidants industry are effectively accepting the strategies of enlargement such as joint venture, new product development, amalgamation, partnership, merger and acquisition, and several others for generating the high percentage of revenue, ruling around the globe and obtaining the competitive edge. Therefore, in the near years, it is predicted that the market of specialty oxidants will increase around the globe more effectively over the near future.
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Ankur Gupta, Head Marketing & Communications