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Calcium Peroxide Market Size
Calcium Peroxide Market was valued at USD 2.2 billion in 2022 and is anticipated to grow a CAGR of over 3.6% between 2023 and 2032.
The market is experiencing steady growth due to its expanding applications in agriculture, environmental remediation, and food industries. Calcium peroxide, a solid compound that releases oxygen when it decomposes, is primarily used in agriculture to enhance soil quality and boost crop yields, acting as a slow-release oxygen source and soil conditioner.
It plays a crucial role in environmental applications, aiding in wastewater treatment and soil remediation processes. As the demand for sustainable and eco-friendly solutions continues to rise, calcium peroxide's role in these sectors is expected to drive market growth in the coming years, with a focus on its applications in oxygen generation, chemical synthesis, and food preservation. However, market growth may also be influenced by factors like regulatory policies and cost-effective production methods.
How much is the calcium peroxide market worth?
Market size for calcium peroxide was USD 2.2 billion in 2022 and is anticipated witness over 3.6% CAGR between 2023 and 2032 owing to expanding application scope in agriculture, environmental remediation, and food sectors
Why is food grade calcium peroxide gaining traction?
The food grade segment recorded around 34.7% share of the calcium peroxide industry in 2022 due to its higher usage in the food sector to serve as a natural and safe preservative.
Who are the major calcium peroxide business players?
Some of the prominent calcium peroxide companies include Solvay S.A., Evonik Industries, HeiQ Materials AG, Shaanxi Sciphar Hi-Tech Industry Co., Ltd., Shanghai Hongying Trading Co., Ltd., Suzhou Hizar Machinery & Tool Co., Ltd., and Merck KGaA
What is the value of North America calcium peroxide market?
North America held 34.7% of the calcium peroxide industry share in 2022, due to its extensive applications in the food industry, agriculture, and environmental remediation in the region