Hydrogen Peroxide Market to Reach US$ 4.1 Billion by 2028, Propelled by Demand for Eco-Friendly Chemicals

According to the latest report by IMARC Group, titled "Hydrogen Peroxide Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", the global hydrogen peroxide market size reached US$ 3.2 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.1 Billion by 2028, exhibiting a growth rate (CAGR) of 3.8% during 2023-2028.

Hydrogen peroxide is a pure pale blue liquid that is slightly more viscous than water, which is produced through catalytic reduction, including hydrogen of a substituted anthraquinone. It is dissolved in an aromatic hydrocarbon solvent in order to manufacture hydrogen peroxide. It is highly unstable in nature and generally undergoes spontaneous reactions when it is in contact with any organic material. Besides this, it also possesses solid oxidizing properties making it a powerful element used in the manufacturing of bleaching. As a result, it has found extensive application as a disinfectant across residential and commercial sectors.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally-our estimates about the latest market trends and forecast values after considering the impact of this pandemic.

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Industry Demand:

The escalating demand for hydrogen peroxide from the industrial sector majorly drives the global market. This can be attributed to the rising product utilization for chemical synthesis, mining, cosmetics, textiles, pulp and paper production, wastewater treatment and food and beverage preparations. Along with this, the widespread adoption of hydrogen peroxide as an antiseptic to treat bruises and skin cuts to prevent infections across the healthcare sector is providing a boost to the market growth. Additionally, the increasing product utilization for mouth rinsing to relieve mucus, oral infections, and mouth irritations are also significantly supporting the demand. Furthermore, continuous technological advancements in the manufacturing processes and rapid industrialization are creating a positive market outlook.

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Key Segmentation:

Competitive Landscape with Key Players:

• 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

Breakup by Application:

• Chemical Synthesis
• Bleaching
• Disinfectant
• Cleaning and Etching
• Others

Breakup by End-Use:

• Pulp and Paper
• Food and Beverages
• Water Treatment
• Textiles and Laundry
• Oil and Gas
• Healthcare
• Electronics
• Others

Breakup by Region:

• 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
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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