


Market Size, Share Global Outlook and Forecast 2025-2032
This oxygen-releasing compound has become iandispensable across cleaning, healthcare, and industrial applications due to its eco-friendly decomposition into water, oxygen, and soda ash –making it a sustainable alternative to chlorinebased bleaches.
Regulatory pressures represent the primary market driver, with 78% of manufacturers citing environmental compliance as their top product development priority.
Manufacturers have achieved shelf-life improvements of 40% in recent years through advanced coating innovations, addressing one of the industry's longstanding challenges.
The global shift toward phosphate-free detergents has been particularly impactful, creating immediate demand in consumer cleaning products.
Market Value & Growth Projections:
• Global Market Value (2024): US$ 850 Million
• Projected Market Value (2032): US$ 1.4 Billion • CAGR (2025-2032): 6.5%
Application
By Region
North America exhibits steady 5.2% annual growth, driven by EPA regulations phasing out traditional chemicals in industrial cleaning.
Europe maintains technology leadership, where manufacturers like Solvay and Evonik dominate the high-purity segment for pharmaceutical applications.
The Asia-Pacific region commands over 45% of global demand, with China's detergent manufacturing sector absorbing nearly 60% of regional supply.
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