Market Analysis:
The Global Bleaching Agents Market is expected to reach USD 4.25 billion by 2025, from USD 2.70 billion in 2017 growing at a CAGR of 8.9% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Market Definition: Global Bleaching Agents Market
Bleach is a generic term that is been used for chemical product which is used in various industries and even for various domestic purpose in order to whiten clothes, lighten hair colour and also helps to remove stains. The bleaching agents are generally used in bakery products, flour, cheese and other applications. Hence, manufacturers of these bleaching agents are focusing on innovation in chemical bleaching to produce a better product, emitting less contaminants into air, water, and soil. Bleaching agents are also used in oxidative hair dying and teeth brightening products. For instance, AkzoNobel’s , which is one of the major key players of the market, uses hydrogen peroxide as a key component of its chemical portfolio. The company has acquired a subsidiary that produces 70,000 tons hydrogen peroxide per annum. This acquisition will strengthen the company’s position in bleaching agents market in North America. Such developments done by the key player help in the growth of the market.
Global Bleaching Agents Market, By Type (Azodicarbonamide, Hydrogen Peroxide, Ascorbic Acid, Acetone Peroxide, Chlorine Dioxide, Others), Form (Powder, Liquid), Application (Bakery Products, Flour, Cheese, Other Applications), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
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Market Drivers:
Increase in consumption of bread and related bakery products
Advancements in technology for product evaluation.
Increasing usage of bleaching agents in various sectors such as
construction, textile, pulp & paper and in electrical & electronics.
Adoption of bleaching agents in medical and cosmetic industry
Market Restraint:
Ban on certain flour bleaching agents in several countries
Criticality of formulations
Segmentation: Global Bleaching Agents Market
By Type
Azodicarbonamide
Hydrogen Peroxide
Ascorbic Acid
Acetone Peroxide
Chlorine Dioxide
Others
By Form
Powder
Liquid
By Application
Bakery Products
Flour
Cheese
Other Applications
By Geography
Asia Pacific
China
South Korea
Japan
India
Australia
Singapore
Thailand
Indonesia
Malaysia
Philippines
Rest of Asia-Pacific
North America
US
Canada
Mexico
Europe
Russia
Turkey
Belgium
Netherlands
Switzerland
Spain
France
Germany
Italy
UK
Rest of Europe
South America
Brazil
Rest of south America
Middle East & Africa
Saudi Africa
Rest of MEA
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Competitive Landscape: Global Bleaching Agents Market
The Global Bleaching Agents Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of bleaching agents market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors:
The key players operating in the global bleaching agents market are –
BASF
Evonik
Solvay
Akzonobel
The other players in the market are, Hawkins, Inc., Siemer Milling, Peroxychem, Supraveni Chemicals, Spectrum Chemicals, Engrain, Gujarat Alkalies and Chemicals, Hawkins, Inc., Ashland, Arkema, Christeyns, Aditya Birla Chemicals, Unilever, The Procter & Gamble Company, The Clorox Company, Spartan Chemical Company, Shandong Huatai Interox Chemical, S.C.Johnson & Son, Novozymes, Merck, Evonik, DuPont, Dow Chemicals, Colgate-Palmolive Company and many more.
Key Insights in the Report:
Historical and current market size and projection up to 2025
Market trends impacting the growth of the global bleaching agents market
Analyze and forecast the bleaching agents market on the basis of form, application and type.
Trends of key regional and country-level markets for processes, derivative, and application
Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis
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