Hydrogen Peroxide Market Report 2019: Share, Size, Trends, Growth and Forecast Till 2024

Global Hydrogen Peroxide Market Research Report and Forecast 2024

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Global Hydrogen Peroxide Market Overview: According to the latest report by IMARC Group, titled “Hydrogel 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 stabilizer 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 produce 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, are antiseptic mouth washes and toothpastes.

Request for a free sample report: https://www.imarcgroup.com/hydrogen-peroxide-technical-material-market-report/requestsample Global Hydrogen Peroxide Market Drivers Hydrogen peroxide finds numerous applications across diverse end-use industries such as chemical, electronics, paper and pulp, mining, etc.

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157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Billion US$

in Billion US$

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180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

In the paper and pulp industry, hydrogen peroxide is increasingly being used as a bleaching agent since it is chlorine-free as well 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.

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.

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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 the order to control agricultural diseases, and prevent the accumulation of fungi and algae on the surfaces of greenhouse irrigation equipment. Besides this, several government 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.

Key Market Segmentation: Market Segmentation by Application • • • •

Chemical Synthesis Bleaching Disinfectant Cleaning and Etching

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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

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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Report Description Market Segmentation by Region • • • • •

Asia Pacific Europe Middle East and Africa North America Latin America

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.

Browse Related Report Water Treatment Chemical Market: https://www.imarcgroup.com/water-treatment-chemicals-market Low Density Polyethylene Market: https://www.imarcgroup.com/low-density-polyethylene-market

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Report Description Competitive Landscape:

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

• • • • • • • • • • • • • • •

Solvay Evonik Arkema Kemira Oyj FMC Corporation EkO Peroxide LLC (AkzoNobel) Mitsubishi Gas Chemical Company PeroxyChem LLC Aditya Birla Chemicals Limited Kingboard Chemical Holdings Ltd BASF SE Merck Chang Chun Petrochemical Guangdong Zhongcheng Chemicals Hansol Chemical

A partial List of

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