The latest report published by IMARC Group, titled “Hydrogen Peroxide Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on hydrogen peroxide market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global hydrogen peroxide market size reached US$ 3.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.5 Billion by 2032, exhibiting a growth rate (CAGR) of 3.3% during 2024-2032.
Hydrogen Peroxide (H2O2) is a simple chemical compound that is a combination of two hydrogen atoms and two oxygen atoms. It's a pale blue liquid in its pure form but typically appears colorless when diluted. It is available in liquid form, with a slightly more viscous texture than water, and is characterized by its distinct odor and pale blue color, though usually appears colorless when diluted. Hydrogen peroxide can donate oxygen to other substances, which leads to the breakdown of organic material, killing bacteria and viruses, thereby making it effective in bleaching, cleaning, and as a medical antiseptic.
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Market Trends:
The global market is primarily driven by the growing demand in wastewater treatment, leading to increased utilization in environmental applications. In line with this, the rising need for bleaching in the paper and pulp industry is also providing an impetus to the market. Moreover, the increased usage in the healthcare sector for disinfection and sterilization is acting as a significant growth-inducing factor for the market. Besides this, the growing demand for eco-friendly bleaching agents due to rising environmental concerns is creating lucrative opportunities in the market. The market is further driven by the implementation of stringent regulations to ensure food safety, where it is used as an antimicrobial agent. Some of the other factors contributing to the market include rapid industrialization, the growing need for sanitation in public spaces, the increasing popularity of hydrogen peroxide in cosmetic applications, and extensive research and development activities.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Solvay
- Evonik
- Arkema
- Kemira Oyj
- FMC Corporation
- EkO Peroxide LLC (acquired by AkzoNobel)
- Mitsubishi Gas Chemical Company
- PeroxyChem LLC
- Aditya Birla Chemicals Limited
- Kingboard Chemical Holdings Ltd
- BASF SE
- Merck
- Chang Chun Petrochemical
- Guangdong Zhongcheng Chemicals
- Hansol Chemical
Hydrogen Peroxide Market Segmentation:
Our report has categorized the market based on region, application and end-use.
Application Insights:
- Chemical Synthesis
- Bleaching
- Disinfectant
- Cleaning and Etching
- Others
End-Use Insights:
- Pulp and Paper
- Food and Beverages
- Water Treatment
- Textiles and Laundry
- Oil and Gas
- Healthcare
- Electronics
- Others
Regional Insights:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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