Press release
Hydrogen Peroxide Market Size | Extensive Strategic Plans with In-Depth Analysis and Research Methodology till 2031
AMR
According to the report, the global hydrogen peroxide industry generated $5.4 billion in 2021, and is anticipated to generate $8.9 billion by 2031, witnessing a CAGR of 5.2% from 2022 to 2031.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐: https://www.alliedmarketresearch.com/request-sample/10030
๐๐๐ซ๐ ๐๐ซ๐ ๐ฌ๐จ๐ฆ๐ ๐ค๐๐ฒ ๐๐ฌ๐ฉ๐๐๐ญ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐ก๐ฒ๐๐ซ๐จ๐ ๐๐ง ๐ฉ๐๐ซ๐จ๐ฑ๐ข๐๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
๐๐ซ๐จ๐๐ฎ๐๐ญ๐ข๐จ๐ง: Hydrogen peroxide is primarily produced through the anthraquinone process, which involves the hydrogenation of anthraquinone to create hydrogen peroxide. Another method is the direct synthesis of hydrogen peroxide from hydrogen and oxygen, which is less common but gaining interest due to its potential for on-site production.
๐๐จ๐ง๐๐๐ง๐ญ๐ซ๐๐ญ๐ข๐จ๐ง: Hydrogen peroxide is typically produced as an aqueous solution, with different concentrations available. Common concentrations include 3%, 6%, 30%, and even higher concentrations for industrial and specialty applications.
Rise in demand from pulp & paper industry, wide applications of hydrogen peroxide, and surge in demand for the product from the healthcare industry for its antiseptic properties drive the growth of the global hydrogen peroxide market. However, health and environmental hazards associated with hydrogen peroxide are projected to hamper the steady growth of the market. Contrarily, rise in demand for hydrogen peroxide in the wastewater treatment industry is anticipated to present new opportunities in the coming years.
๐๐ฉ๐ฉ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง๐ฌ:
- Healthcare: In the healthcare industry, hydrogen peroxide is commonly used as an antiseptic for wound cleaning and as a disinfectant for medical equipment.
- Textile Industry: Hydrogen peroxide is used for bleaching textiles and fabrics.
- Environmental Remediation: It is used to treat wastewater and soil contaminated with organic compounds.
- Food Industry: It can be used to disinfect food packaging materials.
- Electronics: Hydrogen peroxide is used in the semiconductor and electronics industry for cleaning and etching.
- Agriculture: It is used as a disinfectant and sanitizer for agricultural equipment and animal husbandry.
The pulp & paper segment held the highest market share in 2021, accounting for nearly half of the global hydrogen peroxide market, and is estimated to maintain its leadership status throughout the forecast period. The pulp and paper industry is continuously adapting to evolving consumer demand and trends. Rise in usage of hydrogen peroxide in industrial applications as well as increase in use of hydrogen peroxide as disinfectants are anticipated to provide enormous development prospects. The report also analysizes segments including chemical synthesis, mining, textile, healthcare, food & beverage, wastewater treatment, and personal care.
๐๐๐ญ๐๐ข๐ง ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ญ๐๐ข๐ฅ๐ฌ: https://www.alliedmarketresearch.com/hydrogen-peroxide-market-A09665
๐๐๐๐๐ญ๐ฒ: Hydrogen peroxide is a hazardous chemical and should be handled with care. It can cause skin and eye irritation and can be harmful if ingested. Proper safety measures and precautions are essential when storing, transporting, or using it.
๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ: The hydrogen peroxide market has seen steady growth due to its increasing use in various industries. Factors such as its eco-friendliness and versatility have contributed to its popularity. The market may also see growth in applications related to wastewater treatment and environmental protection.
๐๐๐ ๐ฎ๐ฅ๐๐ญ๐ข๐จ๐ง๐ฌ: The production, handling, and transportation of hydrogen peroxide are subject to strict regulations in many countries due to its hazardous nature. These regulations are in place to ensure safety and environmental protection.
Asia-Pacific held the highest market share in terms of revenue 2021, accounting for nearly half of the global hydrogen peroxide market. Moreover, the same region is expected to witness the fastest CAGR of 6.0% from 2022 to 2031. The increased use of hydrogen peroxide in the pharmaceutical industry and healthcare facilities led to increased demand for chemicals and contributed to the growth of the hydrogen peroxide market in the Asia-Pacific region. The research also analyzes regions including North America, Europe, and LAMEA.
๐๐ฎ๐ฌ๐ญ๐๐ข๐ง๐๐๐ข๐ฅ๐ข๐ญ๐ฒ: There is growing interest in developing more sustainable methods for hydrogen peroxide production, including electrochemical and photocatalytic processes that can reduce energy consumption and environmental impact.
๐๐ฅ๐จ๐๐๐ฅ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ: Some major companies involved in the hydrogen peroxide industry include Solvay, Evonik, Arkema, PeroxyChem, and others.
The hydrogen peroxide industry continues to evolve as new applications and production methods are developed, driven by the need for effective and environmentally friendly chemical solutions in various sectors. As sustainability and environmental concerns grow, the industry may see increased focus on green production methods and applications.
๐๐๐๐๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ: -
- Evonik industries
- Solvay
- Akzo Nobel
- Kemira Oyj
- National Peroxide Limited
- Arkema S.A.
- BASF
- cleartech industries
- gujarat alkalies and chemical ltd
- Hansol Chemicals
- Indian Peroxide Ltd.
- meghmani finechem limited
- Mitsubishi Gas Chemical Company
- Nouryan
- Taekwang Industrial Co. Ltd
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ข๐ง ๐๐ซ๐จ๐๐ฎ๐ซ๐ข๐ง๐ ๐๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ข๐ฌ๐ข๐ญ ๐๐๐ซ๐: https://www.alliedmarketresearch.com/hydrogen-peroxide-market/purchase-options
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๐๐๐จ๐ฎ๐ญ ๐๐ฌ
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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