Key Market Overview:
Calcium Peroxide Market size was valued at USD 2.7 Billion in 2022, registering a CAGR of 19.2% during the forecast period (2023-2030), and the market is projected to be worth USD 13.1 Billion by 2030.
Calcium peroxide is a chemical compound that is widely used in various industrial applications, including wastewater treatment, soil remediation, and horticulture. The substance is known for its high oxygen-release capacity, making it an ideal choice for promoting plant growth and improving soil quality. With the increasing demand for eco-friendly and sustainable solutions, the calcium peroxide market is anticipated to have significant growth in the coming years.
Furthermore, calcium peroxide is an effective oxidizing agent that breaks down pollutants in wastewater, improving its quality and making it suitable for reuse. Hence, the growing demand for calcium peroxide in wastewater treatment applications along with the increasing concern for environmental protection and the need for sustainable wastewater management solutions is also expected to boost the demand for calcium peroxide.
The calcium peroxide market is highly competitive, with a large number of players operating in the market. Major players operating in the market include Kemira Oyj, Solvay SA, Noshly Pty. Ltd., Arkema S.A., and Evonik Industries AG.
Market Dynamics:
Driver:
The adoption of calcium peroxide in a variety of applications such as wastewater treatment, surface water restoration, and groundwater and soil remediation serves as the major driver for the calcium peroxide market. Moreover, calcium peroxide is used as a dough conditioner by the baking industry that is decomposed to calcium hydroxide in the finished product (bread) accelerating the calcium peroxide market. In addition, the wide adoption of calcium peroxide by toothpaste manufacturers to whiten teeth is also surging the market.
Restraint:
Restrictions on the use of calcium peroxide in wastewater treatment applications due to its potential impact on the environment and human health are the major factor that hinders the market growth. In addition, there are other chemicals available in the market that perform similar functions as calcium peroxide, which pose a threat to its market growth. For example, hydrogen peroxide, which is also an oxidizing agent, is used as an alternative in wastewater treatment applications.
Opportunities:
The development of new technologies is expected to drive the growth of the calcium peroxide market. The industry is investing in the development of new and innovative products, such as calcium peroxide nano-particles, that are expected to have improved performance and wider applications compared to traditional calcium peroxide products.
Calcium Peroxide Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2016-2030 |
| Market Size in 2030 (USD Billion) | 13.1 Billion |
| CAGR (2023-2030) | 19.2% |
| By Grade | Food and Industrial |
| By Application | Bleaching Agent, Clarifying Agent, Oxidizing Agent, Bleaching Agent, Intermediary Chemicals, and Others |
| By End-user | Food & Beverages, Agriculture, Mining, Pharmaceuticals, Paper & Pulp, and Others |
| By Geography | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Players | Solvay S.A., Evonik Industries AG, BASF SE, Arkema Group, Adeka Corporation, Kemira Oyj, Ecolab Inc. Noshly Pty. Ltd., Kao Corporation, and Mitsubishi Chemical Corporation |
Market Segmentation:
By Grade
The grade segment is bifurcated into food and industrial. The food grade segment contributed the largest share in terms of value in 2022 attributed to the increasing demand for packaged food and the need to extend the shelf life of food products. Food-grade calcium peroxide is used as an oxygen source in the food and beverage industry for various applications, including preservation and packaging. It is widely used as an oxygen scavenger in packaged food to extend the shelf life of the product by removing oxygen and preventing the growth of microorganisms.
Furthermore, the industrial segment is projected to grow at a considerable CAGR due to the growing demand for clean water, sustainable agriculture practices, and the increasing use of calcium peroxide as an oxygen source in the chemical industry.
By Application
The application segment is categorized into bleaching agent, clarifying agent, oxidizing agent, bleaching agent, intermediary chemicals, and others. The bleaching agent dominated the market in terms of revenue due to the application of calcium peroxide in different industries such as agriculture, food, and paper. For instance, in the paper industry, calcium peroxide is added to the pulp to release oxygen, which reacts with the impurities and removes the color from the fibers.
The oxidizing agent segment is anticipated to grow substantially in terms of CAGR over the forecast period due to the growing adoption of calcium peroxide in various industries, including agriculture, water treatment, and cosmetics. For instance, the use of calcium peroxide as an oxidizing agent is increasing in various skin care and hair care products, where it acts as a bleach and helps to remove impurities and improve the appearance of the skin and hair.
By End-user
The end-user segment is divided into food & beverages, agriculture, mining, pharmaceuticals, paper & pulp, and others. The food & beverages industry contributed the largest share in terms of value in the market attributed to the increasing adoption of calcium peroxide in applications such as bleaching agents and oxidizing agents. For instance, Evonik Industries AG, a chemical specialty company offers food-grade calcium peroxide used as a non-halogenated agent in the food industry.
Furthermore, the agriculture segment is expected to grow with the highest CAGR due to the use of calcium peroxide in agriculture in the treatment of contaminated soil. Calcium peroxide can be used to treat soil contaminated with heavy metals, as it works by oxidizing the contaminants and making them unavailable to the plants. This helps to reduce the risk of plant toxicity and improve the overall health and fertility of the soil.
By Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East & Africa, and Latin America. North America contributed the largest share in terms of revenue to the market growth. The agriculture industry is a key end-user of calcium peroxide in North America, with farmers using the product as an oxidizing agent to improve soil quality and enhance crop yields. The water treatment industry is another important end-user of calcium peroxide in the region, with the product being used for various applications, such as the removal of iron and manganese from water and the oxidation of sulfides.
Furthermore, Europe is expected to show considerable growth in terms of CAGR due to various factors such as the food and beverage industry being a significant end-user of calcium peroxide in the region, with the product being used as a bleaching agent to improve the brightness and whiteness of various food products, such as flour and sugar. Additionally, the water treatment industry is another important end-user of calcium peroxide in Europe, with the product being used for various applications, such as the removal of iron and manganese from water and the oxidation of sulfides.
Calcium Peroxide Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. These players compete based on factors such as Grade quality, price, innovation, brand reputation, and distribution network. To stay ahead of the competition, companies are investing in research and development to improve their grade offerings and expand their market reach. Additionally, companies are also focusing on partnerships and collaborations with other players in the market to strengthen their position and increase their market share. Key players in the market include-
- Solvay S.A.
- Evonik Industries AG
- BASF SE
- Arkema Group
- Adeka Corporation
- Kemira Oyj
- Ecolab Inc.
- Noshly Pty. Ltd.
- Kao Corporation
- Mitsubishi Chemical Corporation
Recent Developments:
- In August 2022, BASF SE, a major company in the market, entered into a partnership with Ingredi, a Chinese supplier of natural ingredients for the personal care industry. This partnership includes a strategic investment by BASF into Ingredi.
- In February 2020, Evonik Industries AG acquired PeroxyChem for USD 640 million after the responsible court in Washington D.C. The acquisition unlocks additional growth opportunities, particularly in the market for environmentally friendly disinfectants.
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