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Hydrogen Peroxide Market Analysis 2024-2033 : Forecast Market Size, Top Segments And Largest Region | Dow Inc., Hodogaya Chemical Co. Ltd., 3M Company, Merck KGaA, OCI Company Ltd
Hydrogen Peroxide Global Market Report 2024
As per the report, the hydrogen peroxide market size has grown strongly in recent years. It will grow from $3.26 billion in 2023 to $3.47 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The hydrogen peroxide market size is expected to see strong growth in the next few years. It will grow to $4.6 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%.
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Hydrogen Peroxide Market Surges As Consumers Prioritize Eco-Friendly Solutions
The increasing demand for environmental-friendly solutions is driving the hydrogen peroxide market growth. Hydrogen Peroxide when mixed with other chemicals acts as a disinfectant and can be used to clean hospitals and houses. It is also cost-effective and can be recycled over and over again making it an environmentally friendly solution. For instance, in March 2022, according to Sensormatic Solutions, a US-based retail technology provider, subsidiary of by Johnson Controls a survey of 1000 U.S. consumers revealed an 80% focus on sustainability, with 70% expressing a willingness to pay more, emphasizing its crucial role. Additionally, 54% actively researching eco-initiatives, businesses face a shifting landscape, as half of consumers believe sustainability is imperative, shaping purchasing behaviors. Therefore, the increasing demand for environmental-friendly solutions is driving the hydrogen peroxide market growth.
High-Purity Hydrogen Peroxide Shapes Future Of Electronics Industry
Increasing adoption of H2O2 in food and electronic application are shaping the hydrogen peroxide market. Hydrogen peroxide (H2O2) is a colorless, odorless, and slightly acidic liquid used mainly as an oxidant in chemical synthesis, and this chemical is used in a wide range of products including cleaning, personnel care, semiconductor industry, printed circuit boards etching, and others. For instance, in March 2021 Solvay, a supplier of high purity hydrogen peroxide to the European semiconductor market built a new Electronic Grade production facility to produce high purity H2O2. Hydrogen peroxide of high purity is used in the production of semiconductor chips. It meets the quality and volume needs of the semiconductor industry now and in the future. Solvay's client population has successfully qualified the product from the new line.
The hydrogen peroxide market covered in this report is segmented -
1) By Function: Bleaching, Oxidizing, Sterilizing/Disinfecting, Propulsion, Other Functions
2) By Grade: Standard, Chemical, Cosmetic, Aseptic, Food, Semiconductor
3) 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
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Major companies operating in the hydrogen peroxide market report are Dow Inc., Hodogaya Chemical Co. Ltd., 3M Company, Merck KGaA, OCI Company Ltd., Evonik Industries AG, Reckitt Benckiser Group plc, Grupa Azoty, Solvay SA, AkzoNobel N.V., Arkema SA, Kingboard Holdings Limited, FMC Corporation, Nouryon N.V., Aditya Birla Chemicals Limited, Huatai Group, Gujarat Alkalies And Chemicals Ltd., Mitsubishi Gas Chemical Company Inc., Kemira Oyj, Chang Chun Group Co. Ltd., Hansol Chemical, PeroxyChem LLC, National Peroxide Ltd., EkO Peroxide LLC, Guangdong Zhongcheng Chemicals, Indian Peroxide Limited, Thai Peroxide Co. Limited., PDI Healthcare Inc., Laboratorium Dr. Deppe GmbH
Contents of the report:
1. Executive Summary
2. Hydrogen Peroxide Market Report Structure
3. Hydrogen Peroxide Market Trends And Strategies
4. Hydrogen Peroxide Market - Macro Economic Scenario
5. Hydrogen Peroxide Market Size And Growth
…..
27. Hydrogen Peroxide Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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