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Hydrogen Peroxide Market : Growth, Industry Trends And Global Forecast 2023 To 2032 | Aditya Birla Chemicals Limited, AkzoNobel N.V., Arkema SA, Chang Chun Petrochemical, Evonik Industries AG
Hydrogen Peroxide Market Growth
The Business Research Company's Hydrogen Peroxide Global Market Report 2023 identifies increasing demand for environmental-friendly solutions as the major driver for the Hydrogen Peroxide market's growth in the forecast period. T It is also cost-effective and can be recycled over and over again making it an environmentally friendly solution. For instance, in the year May 4, 2020, Chen, a nanoengineering Professor, at the University of California San Diego, and his team innovated a new, portable, eco-friendly method to synthesize hydrogen peroxide this design is easy to use, and this is a rapid way to produce hydrogen peroxide in-house and cost-effective as well.
The global hydrogen peroxide market size grew from $3.07 billion in 2022 to $3.24 billion in 2023 at a compound annual growth rate (CAGR) of 5.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The hydrogen peroxide market size is expected to grow to $4.05 billion in 2027 at a CAGR of 5.7%.
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Major competitors in the Hydrogen Peroxide market are Aditya Birla Chemicals Limited, AkzoNobel N.V., Arkema SA, Chang Chun Petrochemical, Evonik Industries AG, FMC Corporation, Gujarat Alkalies and Chemicals Ltd., Hansol Chemical, Kemira Oyj, Mitsubishi Gas Chemical Company Inc., National Peroxide Ltd., OCI Company Ltd., PeroxyChem LLC, Solvay SA, The Dow Chemical Company, EkO Peroxide LLC, Grupa Azoty, Guangdong Zhongcheng Chemicals, Huatai Group, Indian Peroxide Limited, and Thai Peroxide Co. Limited.
A key trend in the Hydrogen Peroxide market includes Increasing adoption of H2O2 in food and electronic application. With this acquisition, United Initiators (UI) is establishing its position in Pacific Northwest and Canada in particular to declare a strong position in pulp and paper and mining applications.
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The Hydrogen Peroxide market is segmented -
By Function: Bleaching, Oxidizing, Sterilizing/Disinfecting, Propulsion, Other Functions
By Grade: Standard, Chemical, Cosmetic, Aseptic, Food, Semiconductor
By End-Use Industry: Pulp And Paper, Chemical Synthesis, Healthcare And Personal Care, Food Processing, Textile, Water And Wastewater Treatment, Electronics And Semiconductor, Other End-Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Hydrogen Peroxide market.
The Business Research Company's "Global Hydrogen Peroxide Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Hydrogen Peroxide Market Include:
1. Executive Summary
2. Hydrogen Peroxide Market Characteristics
3. Hydrogen Peroxide Market Trends And Strategies
4. Hydrogen Peroxide Market - Macro Economic Scenario
5. Hydrogen Peroxide Market Size And Growth
……
26. Africa Hydrogen Peroxide Market
27. Hydrogen Peroxide Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hydrogen Peroxide Market
29. Hydrogen Peroxide Market Future Outlook and Potential Analysis
30. Appendix
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