Published By : 07 Apr 2016 | Published By : QYRESEARCH
Hydrogen peroxide is predominantly used for bleaching and water treatment, particularly in industries such as wood, pulp, and paper. The rising use of hydrogen peroxide in gaseous form for decontamination in the healthcare industry has boosted the demand for hydrogen peroxide measurement devices significantly over the last few years. Additionally, the eco-friendly byproducts of hydrogen peroxide, which are water and oxygen, are also attributed to its increasing adoption across various domains such as laboratories, pharmacies, and intensive care units.
However, exposure to hydrogen peroxide vapors (HPV) beyond the level 1 ppm is considered hazardous health and trigger irritation, nausea, and headache in human. Thus, using hydrogen peroxide measurement devices has become imperative for industries in order to curb the excess exposure to HPV.
Global Market for H2O2 Measurement Devices to Exhibit 5.7% CAGR in 2016-2024
According to a report published by Transparency Market Research, the global market for hydrogen peroxide measurement is anticipated to exhibit a CAGR of 5.7% between 2016 and 2024. Europe has emerged as the largest market for hydrogen peroxide measurement devices globally. It owes its dominance mainly to the presence of the most prominent companies in the region. Furthermore, the hydrogen peroxide measurement market in Europe has been also gaining from the presence of a well-established healthcare infrastructure in the region.
Rising Concerns about Water Pollution to Boost Market
H2O2 measurement devices help to monitor the overall decontamination process. These devices also provide measurements of the HPV content in a fumigated room. Additionally, hydrogen peroxide measurement devices also play a crucial role in safety and process measurement. Hence, these devices are increasingly finding application in potable and wastewater treatment plants. Furthermore, rising concerns pertaining to water pollution around the world owing to the contamination caused by high concentration of chemical in industry effluents will further boost the demand for hydrogen peroxide measurement devices.
Regionally, the global H2O2 market is segmented into Asia Pacific, Europe, Latin America, the Middle East and Africa, and North America. Of these, Europe dominates the market at present, accounting for a share of 34% in the global hydrogen peroxide measurement market.