Hydrogen Peroxide Market Size, Share, Growth, Global Industry Trends, Region and Forecast Till 2023

Global Hydrogen Peroxide Market Report & Growth Analysis by 2023

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Report Description and Highlights

Report Description

Hydrogen Peroxide Market Report By Application (Chemical Synthesis, Bleaching, Disinfectant, Cleaning & Etching and Others), End-Use (Pulp and Paper,Food and Beverages, Water Treatment, Textiles and Laundry, Oil and Gas, Healthcare, Electronics and Others), Region The global hydrogen peroxide market has witnessed a healthy growth in the recent years. Environmentfriendly nature, growth in the pulp and paper industry, initiatives from governments across various nations, and expanding applications of hydrogen peroxide are some of the key forces strengthening the market growth.

Market Overview: According to the latest report by IMARC Group, titled “Hydrogen Peroxide Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global hydrogen peroxide market reached a value of US$ 4.0 Billion in 2017. Hydrogen peroxide is a pale blue liquid with the chemical formula H2O2. Due to its high reactivity, hydrogen peroxide is stored with a stabiliser in a weak acidic solution. It acts as a mild antiseptic when applied on the skin so as to prevent any infection caused by minor burns, cuts and scrapes. Hydrogen peroxide releases oxygen on the affected area and produces foam which helps in removing the dead cells. It finds usage in the manufacturing of consumer products such as hair bleaches, hair perming products, hair relaxers, ear drops, antiseptic mouth washes and toothpastes.

Report Description and Highlights

Report Description

Global Hydrogen Peroxide Market Drivers: Hydrogen peroxide finds numerous applications across diverse end-use industries such as chemical, electronics, paper and pulp, mining, etc. In the paper and pulp industry, hydrogen peroxide is increasingly being used as a bleaching agent since it is chlorine-free as well as environment-friendly in nature. Rising demand for improved quality of paper is driving the growth of the paper industry, in turn, bolstering the hydrogen peroxide market growth. Besides this, several governments have initiated environmental laws and regulations which has resulted into a heightened demand for hydrogen peroxide in a number of applications some of which include water treatment and pollution control. In addition to this, Canada’s Pest Management Regulatory Agency (PMRA), under the authority of the Pest Control Products Act and Regulations, is granting permission for the sale and use of hydrogen peroxide-based fungicide and algaecide in order to control agricultural diseases, and prevent the accumulation of fungi and algae on the surfaces of greenhouse irrigation equipment. Due to the abovementioned factors, the market is projected to reach a value of US$ 5.5 Billion by 2023, expanding at a CAGR of 5% during 2018-2023.

Hydrogen Peroxide Market Segmentation: Market Segmentation by Application o Chemical Synthesis

Market Forecast

Sample Figure: Global: Hydrogen Peroxide Market Forecast: Sales Value (in Billion US$), 2018-2023

184.3

191.7

199.3

207.3

2018

2019

2020

2021

215.6

224.2

2022

2023

Market Segmentation

Report Description o o o o

Bleaching Disinfectant Cleaning and Etching Others

The market has been segregated on the basis of application into bleaching, chemical synthesis, cleaning and etching, disinfectant, and others. Amongst these, chemical synthesis currently holds the largest share, representing the leading application segment.

Market Segmentation by End- Use • • • • • • • •

Pulp and Paper Food and Beverages Water Treatment Textiles and Laundry Oil and Gas Healthcare Electronics Others

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Market Segmentation

Report Description

Based on end-use, the pulp and paper industry represents the largest end-use segment, accounting for the majority of the total share. Some of the other major end-use industries include water treatment, textiles and laundry, food and beverages, oil and gas, electronics, and healthcare.

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Market Segmentation by Region • • • • •

North America Europe Asia Pacific Latin America Middle East and Africa

Region-wise, Asia Pacific is the biggest market for hydrogen peroxide, holding the dominant share.

Increasing demand from the end-use industries and growing need for chlorine-free bleaches stimulate the growth of the market in the region. Some of the other major markets include Europe, North America, Middle East and Africa, and Latin America.

Regional Segmentation

North America

Europ e

Asia- Pacific

Latin America

Middle East and Africa

Market Segmentation

Report Description Competitive Landscape:

The competitive landscape of the market has also been examined with some of the key players.

• • • • • • • • • • •

FMC Corporation, EkO Peroxide LLC (AkzoNobel) Solvay, Evonik Arkema Kemira Oyj Mitsubishi Gas Chemical Company PeroxyChem LLC Aditya Birla Chemicals Limited BASF SE, Merck Chang Chun Petrochemical Others

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Report Description and Highlights

Report Description

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