The global hydrogen peroxide market size was US$ 5.4 billion in 2021. The global hydrogen peroxide market size is estimated to reach US$ 8.5 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.2% during the forecast period from 2022 to 2030.
Hydrogen peroxide is a compound, which is composed of oxygen and hydrogen and is widely used in various industrial verticals. The compound has innumerable properties such as antiseptic and efficient bleaching properties which makes it highly suitable in health care and paper & pulp industries.
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Factors Affecting Marketing Growth
The increase in demand from the pulp & paper industry and wide applications of hydrogen peroxide is expected to drive the growth of the global market.
The increase in demand for the product from the healthcare industry due to its antiseptic properties is expected to drive the growth of the global market.
Health and environmental hazards associated with hydrogen peroxide are projected to hinder the growth of the global market.
The increase in demand for hydrogen peroxide in the wastewater treatment industry is expected to create lucrative opportunities for the growth of the global market.
Impact on COVID-19 Analysis
The COVID-19 outbreak negatively impacted the demand for hydrogen peroxide from a wide range of end-use sectors, including pulp & paper, chemical synthesis, food processing, textile, water & wastewater treatment, and electronics & semiconductor. Thus, hindering the growth of the global market.
Regional Analysis
Asia-Pacific dominated the market with the highest revenue share in 2021. It is projected to register vigorous growth during the forecast period. Due to its environmental friendliness and low manufacturing cost, hydrogen peroxide is used in various industries such as water treatment, textile, semiconductors, power & chemicals, etc.
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Leading Competitors
The prominent players in the global hydrogen peroxide market are:
Taekwang Industrial Co. Ltd
Nouryan
Mitsubishi Gas Chemical Company
Indian Peroxide Ltd
Hansol Chemicals
National Peroxide Limited
Akzo Nobel
Kemira Oyj
Evonik industries
Cleartech Industries
Others
Segmentation Analysis
The global hydrogen peroxide market segmentation focuses on Application and Region.
Segmentation on the basis of Application
Personal Care
Textile
Healthcare
Pulp and Paper
Chemical Synthesis
Wastewater Treatment
Mining
Food and Beverage
Others
Segmentation on the basis of Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
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Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Hydrogen Peroxide market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Hydrogen Peroxide market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Hydrogen Peroxide market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Hydrogen Peroxide business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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