LONDON, Nov. 07, 2023 (GLOBE NEWSWIRE) -- As per The Business Research Company's Calcium Peroxide Global Market Report 2023, the global calcium peroxide market is experiencing substantial growth, with the market size surging from $2.63 billion in 2022 to $2.93 billion in 2023, reflecting a notable compound annual growth rate (CAGR) of 11.5%. The market is poised for further expansion, with an expected market size of $4.35 billion in 2027, driven by a robust CAGR of 10.3%.

Rapid Industrialization Drives Growth

The remarkable growth in the calcium peroxide market can be attributed to the rapid industrialization witnessed globally. The surge in industrialization has led to increased greenhouse gas levels and carbon dioxide emissions, necessitating the adoption of decarbonization measures. This trend is expected to play a pivotal role in promoting the expansion of the calcium peroxide market. For instance, in 2022, industrial production in the United States witnessed an annual increase of 0.2% in April 2023, as reported by Trading Economics, a US-based information provider.

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Market Landscape: Diversity and Market Players

The global calcium peroxide market is characterized by its diversity and fragmentation, with a substantial number of market players. In 2022, the top ten competitors collectively held 12.428% of the total market share. Leading the market were key players such as Evonik Industries AG (6.526%), Solvay SA (5.059%), Shangyu Jiehua Chemical Co., Ltd ...

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