Hydrogen Peroxide Market Forecasts to 2028 – Global Analysis By Grade (High Grade, Lab Grade, Food Grade, Industrial Grade, Technical Grade, Aseptic, and Standard), Dilution Type, Sales Channel, Product Function, End User and By Geography
According to Stratistics MRC, the Global Hydrogen Peroxide Market is accounted for $1.62 billion in 2020 and is expected to reach $2.72 billion by 2028 growing at a CAGR of 6.7% during the forecast period. Rising demand from the paper and pulp industry and increasing consumption of hydrogen peroxide as raw material for propylene oxide production (HPPO process) are the major factors propelling the market growth. However, health hazards associated with long-term exposure to hydrogen peroxide is hampering the market growth.
Hydrogen peroxide is a chemical composite with the formula H₂O₂. In its pure form, it is an extremely pale blue liquid, to some extent more viscous than water. Hydrogen peroxide is the simplest peroxide. It is used as an oxidizer, bleaching agent, and antiseptic.
Based on the end user, the pulp & paper segment is estimated to have a lucrative growth due to it improves the paper quality and lowers production costs by increasing production yield. Moreover, its eco-friendly nature plays an important role in developing sustainable solutions in the paper recycling industry. Pulp & paper industries utilize hydrogen peroxide as an ideal bleaching agent for chemical, mechanical, and recycled pulp.
By geography, the Asia Pacific is going to have a lucrative growth during the forecast period due to the rising population, living standards, and per capita income. The continuous effort of governments of various nations in this region, like India, on enhancing public hygiene by developing different programs like Swachh Bharat Abhiyan also supports the expansion of the market in this region.
Some of the key players profiled in the Hydrogen Peroxide Market include Taekwang Industrial, Solvay, National Peroxide Limited, OCI Company Ltd., Arkema, Nouryon, Mitsubishi Gas Chemical Company, Samuda Chemical Complex Limited, Kemira, Hansol Chemical, Gujarat Alkalies & Chemicals Limited (GACL), Evonik Industries, Chang Chun Group, BASF, Merck KGaA, and Aditya Birla Chemicals.
• High Grade
• Lab Grade
• Food Grade
• Industrial Grade
• Technical Grade
Dilution Types Covered:
• 3% H2O2
• 6 to 10% H2O2
• 35% H2O2
• 90% H2O2
Sales Channels Covered:
• Retail Sales
• Direct/Institutional Sales
Product Functions Covered:
• Cleaning and Etching
End Users Covered:
• Food & Beverages
• Home & Personal Care
• Pulp & Paper
• Textiles and Laundry
• Wastewater Treatment/Water Purification
• Oil and Gas
• Electronics & Semiconductors
• Aeronautics & Space (Propulsion Applications)
• Fuel Propellant
• Chemical Synthesis
• Consumer Uses
• Specialty Applications
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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