Press release
Hydrogen Peroxide Market Predicted to Grow at 5.1% CAGR, Reaching USD 5.02 Bn by 2031 | Solvay S.A., BASF SE, Novo Nordisk Pharmatech A/S
Hydrogen Peroxide Market
The global hydrogen peroxide market is estimated to be valued at USD 3.55 Bn in 2024 and is expected to reach USD 5.02 Bn by 2031, growing at a compound annual growth rate (CAGR) of 5.1% from 2024 to 2031.
Market Dynamics:
The hydrogen peroxide market is expected to witness significant growth over the forecast period owing to increasing use in chemical synthesis. Hydrogen peroxide is a key chemical intermediate used in the production of several other chemicals through oxidation or reduction reactions. It is used to produce propylene oxide and acrolein, which are building blocks for various chemicals and polymers. Additionally, growing demand from the pulp and paper industry is also expected to propel the market growth during the forecast period.
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Hydrogen Peroxide Market Opportunity:
Growing Adoption of Hydrogen Peroxide in Healthcare Applications Presents Lucrative Opportunities
Hydrogen peroxide is increasingly gaining importance in various healthcare applications such as wound care, healthcare-associated infection control, oral disinfection, and surface disinfection among others. Some key factors contributing to this include its broad spectrum bactericidal and virucidal properties, cost-effectiveness, ease of storage and handling. It is approved by regulatory bodies globally for use as an antiseptic and disinfectant in the healthcare industry. The ongoing COVID-19 pandemic has further accelerated the demand for effective hospital disinfection solutions. This presents significant opportunities for hydrogen peroxide manufacturers to expand their product portfolio and market share catering to the healthcare industry. Moreover, with increasing health consciousness, widespread prevalence of chronic diseases and growth of medical tourism, the global healthcare market is projected to grow at over 6% during 2020-2027. This will augment the demand for cleaning and disinfection solutions like hydrogen peroxide.
Hydrogen Peroxide Market Trends:
Increased Adoption of Hydrogen Peroxide in Personal Care and Home Care Products Driving Market Trends
Hydrogen peroxide is widely used as an active ingredient in personal care and home care products owing to its bleaching and disinfection properties. It is present in various applications such as hair lightening products, facial cleansers, acne treatment creams, mouthwashes, surface disinfectant sprays and wipes. The rising consumer demand for natural and eco-friendly personal and household care solutions is propelling product innovation using hydrogen peroxide as a key ingredient. Additionally, the COVID-19 pandemic has increased hygiene-conscious
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Top Companies Featured in This Report:
★ Solvay S.A.
★ BASF SE
★ Novo Nordisk Pharmatech A/S
★ Evonik Industries AG
★ Akzo Nobel N.V.
★ Mitsubishi Gas Chemical Company Inc.
★ PeroxyChem LLC
★ Arkema Group
★ Gujarat Alkalies and Chemicals Ltd.
★ Merck KGaA
★ Kemira Oyj
★ Aditya Birla Chemicals (Thailand) Ltd.
★ Arkema Inc.
★ Kingboard Chemical Holdings Ltd.
★ Hansol Chemical Co. Ltd.
★ Ecolab Inc.
★ Dow Chemical Company
★ Christeyns
★ Apollo Scientific Ltd.
★ Guangdong Zhongcheng Chemicals Inc.
Market Segmentation:
By Product Type:
★ By Product Type: 35% Hydrogen Peroxide, 50% Hydrogen Peroxide, and Others
★ By Function: Disinfectant, Bleaching, Oxidant, and Others
By Applications:
★ By Application: Pulp & Paper, Chemical Synthesis, Wastewater Treatment, Mining, Food & Beverages, Personal Care, Healthcare, Textiles, and Others
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
The report offers insights on the following aspects:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Analysis of Hydrogen Peroxide Market Competition Landscape by Players
Chapter 4: Assessment of Hydrogen Peroxide Market Size by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, recent developments, and investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Evaluation of Value Chain and Sales Channels, including breakthrough product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Hydrogen Peroxide sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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