Hydrogen Peroxide Market Massive Revenues Expected as Market Size Gains Traction

Allied Market Research recently published a report entitled "Hydrogen Peroxide Market by Application (Pulp and Paper, Chemical Synthesis, Wasterwater Treatment, Mining, Food and Beverage, Personal Care, Textile, Healthcare, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031". According to this report, the global hydrogen peroxide industry had a market value of $5.4 billion in 2021, and this is projected to grow to $8.9 billion by 2031, with a Compound Annual Growth Rate (CAGR) of 5.2% from 2022 to 2031.

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The main factors driving this growth include increased demand from the pulp and paper industry, the wide range of applications for hydrogen peroxide, and a surge in demand for the product from the healthcare industry due to its antiseptic properties. However, concerns about health and environmental hazards associated with hydrogen peroxide are expected to hinder the market's growth. Conversely, the increase in demand for hydrogen peroxide in the wastewater treatment industry is seen as a new growth opportunity.

In terms of the COVID-19 pandemic's impact, the outbreak led to a decrease in demand for hydrogen peroxide from various sectors including pulp and paper, chemical synthesis, food processing, textiles, and water and wastewater treatment. On the other hand, hydrogen peroxide's use as an antibacterial agent in food, particularly in the US, Canada, Australia, and New Zealand, increased.

Despite the pandemic's disruptions, post-pandemic growth is expected due to increased demand from the paper and pulp industry and a higher use of hydrogen peroxide in various sectors. The report forecasts that the pulp and paper segment will maintain its dominant position throughout the forecast period.

Regionally, Asia-Pacific led the market in 2021 and is expected to maintain its dominance through 2031. The report also provides an analysis of leading market players, their strategies, and performance.

Obtain Report Details: https://www.alliedmarketresearch.com/hydrogen-peroxide-market-A09665

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