Press release
Hydrogen Peroxide Market 2024 Research Report
Hydrogen Peroxide MarketThe global Hydrogen Peroxide market size was US$ 4126.4 million in 2023 and is forecast to a readjusted size of US$ 5240.8 million by 2030 with a CAGR of 3.2% during the forecast period 2024-2030. Key drivers of the hydrogen peroxide market include widespread usage in chemical processing, the cosmetics industry, wastewater treatment, textiles, and pulp bleaching. Hydrogen peroxide is a chemical compound that is slightly pale blue in color and is used for oxidizing, bleaching, and antiseptic purposes by consumers and a wide range of industries.
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Report Scope
The chemical also finds application in the dentistry industry in lower concentrations for treating certain infections and diseases. Hence widespread application by various end-use industries is expected to propel the growth of the market.
Other factors contributing to the growth of the hydrogen peroxide market are the rapid expansion of the electronics industry, rising usage for deodorizing and stain removal, rise in demand for disinfectants and cleaning products owing to the covid19 outbreak, stricter government regulations for sanitizing airports, commercial buildings, train platforms, and other public spaces, etc. Due to the ongoing pandemic, the demand for sanitizers and disinfectants has skyrocketed leading to a huge growth of the hydrogen peroxide market during the forecast period. Further hydrogen peroxide is also used as an antimicrobial agent in the food and beverages industry for proper storage, preservation, and manufacturing of food items. Thus the growing adoption of H2O2 among various industry verticals will provide lucrative opportunities for the growth of the market.
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Segment by Type
• Purity 27.5%
• Purity 35%
• Purity 50%
• Others.
Segment by Application
• Paper Industry
• Textile Industry
• Electronics Industry
• Chemical Industry
• Others.
By Companies
• Solvay
• Evonik
• Arkema
• Peroxy Chem
• Akzo Nobel
• Kemira
• MGC
• OCI Chem
• NPL
• Zhongneng Chemical
• Luxi Chemical
• Liuzhou Chemical Group
• Jinhe shiye
• Jincheng Anthracite Jinshi Chemical
• HEC
• Shandong Yangmeihengtong Chemical
• Kingboard Chemical
• Guangdong Zhongcheng Chemical
• Jinke Chemical.
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