CAGR 7.20%, Industrial Hydrogen Peroxide Market to Reach USD 6.28 billion by 2028| Key Players: BASF SE, Solvay, Evonik Industries AG

The industrial hydrogen peroxide market is estimated to reach a value of USD 6.28 billion by 2028 and is expected to grow at a compound annual growth rate of 7.20% for the forecast period of 2021 to 2028.  Data Bridge Market Research report on industrial hydrogen peroxide market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market's growth.

Industrial hydrogen peroxide is considered as the cleanest and versatile chemicals not only in industry but also in environmental cleanup and remediation area. The hydrogen peroxides bleaching property is used widely in the industries. It is also used as a bleaching agent in detergents and broadly used in washing clothes. 

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The growing use of hydrogen peroxide as an oxidizing agent in the chemical industry has highly influenced growth of the industrial hydrogen peroxide market. In line with this, the increase in demand for environmental-friendly solutions as well as the shift from chlorine to elemental chlorine free (ECF) chemicals is also acting as a key determinant which will favor the growth of the industrial hydrogen peroxide market over the forecast period of 2021 to 2028. Furthermore, the high demand from the gradually maturing pulp and paper industry and rapid rise in the application of hydrogen peroxide in pharmaceutical and personal care products are also expected to positively impacting the growth of the industrial hydrogen peroxide market. The major factor which is expected to forward the growth of the market is the high demand for the product majorly due to its oxidizing abilities and antimicrobial properties.

However, the exposure of industrial hydrogen peroxide to the eyes to concentrations of five percent or more can result in permanent loss of vision as well as digitalization to lessen the demand for hydrogen peroxide from pulp and paper industry may act as key restraint towards industrial hydrogen peroxide market growth rate in the forecast period of 2021 to 2028. Whereas, the rapid increase in the raw material prices and operating costs is expected to challenge the growth of the industrial hydrogen peroxide market in the above mentioned forecast period.

Competitive Landscape and Industrial Hydrogen Peroxide Market Share Analysis

Industrial hydrogen peroxide market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to industrial hydrogen peroxide market.

The major players covered in the industrial hydrogen peroxide market report are BASF SE, Solvay, Evonik Industries AG, Arkema, Akzo Nobel N.V., Dow, Ecolab, Kemira, Merck KGaA, MITSUBISHI GAS CHEMICAL COMPANY, INC., TAEKWANG INDUSTRIAL CO., LTD., FMC Corporation, Aditya Birla Management Corporation Pvt. Ltd., OCI COMPANY Ltd., Christeyns, National Peroxide Limited, Huatai Group, Kingboard Holdings Limited, DuPont and PeroxyChem among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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Furthermore, the rapid increase in the use of hydrogen peroxide for wastewater treatment as well as the emergence of various applications such as in the semiconductor, mining and metal extraction and agriculture industries will further offer a variety of growth opportunities for the industrial hydrogen peroxide market in the above mentioned forecast period.

This industrial hydrogen peroxide market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the industrial hydrogen peroxide market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Industrial Hydrogen Peroxide Market Scope and Market Size

The industrial hydrogen peroxide market is segmented on the basis of function and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

On the basis of function, the industrial hydrogen peroxide market is segmented into bleaching, oxidizing, sterilizing/disinfecting, propulsion and others. Others have further been segmented into etching, cleaning and extraction.
The end user segment for industrial hydrogen peroxide market is segmented into pulp and paper, chemical synthesis, healthcare and personal care, food processing, textile, water and wastewater treatment, electronics and semiconductor and others. Pulp and paper has further been segmented into chemical pulp, mechanical pulp and recycled pulp. Chemical synthesis has further been segmented into inorganic derivatives and organic derivatives. Inorganic derivatives have further been sub-segmented into sodium perborate and sodium percarbonate. Organic derivatives have further been sub-segmented into methyl ethyl peroxides and benzoyl peroxide. Healthcare and personal care has further been segmented into healthcare and personal care. Food processing has further been segmented into sterilization, antimicrobial agent and oxidizing and bleaching agent. Others have further been segmented into mining and metallurgy, transportation and recycling.
Global Industrial Hydrogen Peroxide Market Country Level Analysis

The industrial hydrogen peroxide market is analyzed and market size, volume information is provided by country, function and end user as referenced above.

The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific leads the industrial hydrogen peroxide market because of the rapid increase in the penetration of personal care products, chemical formulators and medical industries. China is anticipated to account for the largest share in the Asia-Pacific region. Europe is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to largest market of Germany as well as the strong presence of major producers of industrial hydrogen peroxide.

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