The global Hydrogen Peroxide Market size is expected to reach USD 6.3 billion by 2027, at a significant growth rate of 5.2% during the forecasted period 2020 to 2027. The research report provides a big picture on “Hydrogen Peroxide Market” 2027, on a global basis, offering a forecast and statistic in terms of revenue during the forecast period 2020 to 2027. This report covers detailed segmentation, complete R & D history, and explanatory analysis including the latest news.
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The paper and pulp industry accounted for the highest market share owing to the application of hydrogen peroxide as a strong bleaching agent and for recycling applications. Paper consumption has been increasing steadily over the last few years and Hydrogen Peroxide, being an environment-friendly emission-free product finds wide application in paper processing and waste treatment in the industry.
Other major applications of the product contributing to the impressive CAGR of the product include an all-time increase in demand for disinfectants as a result of the COVID-19 pandemic. Hydrogen Peroxide is a key ingredient in hand sanitizers whose demand has increased globally. Even at low concentration, Hydrogen Peroxide acts as an effective antibacterial agent, therefore finding wide application in healthcare and cosmetics industries. In the healthcare industry, the product is used extensively as a wound disinfectant, for the sterilization of medical equipment and as a decontaminant.
The Asia-Pacific region has been the hotspot for Hydrogen Peroxide demand during the years considered in the report and this trend is likely to continue through the forecast period. North America and Europe were not too far behind in generating volume demand for the product and this opportunity has been well capitalized by players such as SKemira Oyj, Aditya Birla Chemicals Ltd., Solvay, Akzo Nobel, Evonik Industries, Gujarat Alkalies, etc. who have gone for acquisitions and newer models of partnerships to develop its process technologies. As of February 2020, Evonik has also successfully acquired PeroxyChem LLC to gain a strong foothold in the Hydrogen Peroxide business. These drivers paint a strong demand for Hydrogen Peroxide during the forecast period, 2020-2027.
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The study is useful in providing answers to several critical questions that are important for the industry stakeholders, such as Hydrogen Peroxide manufacturers, distributors, importers and end-users. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
- Competition Outlook: Outlook of leading 6 players based on product portfolio, market pricing, average selling price, sales footprint, etc.
- Company Profiles: Detailed analysis of the major companies operating in the Global Hydrogen Peroxide Market.
Market, by End User
- Paper & pulp
- Wastewater treatment
Market, by Geography
- North America.
- Latin America
- Middle East and Africa (MEA)
The market research study on “Hydrogen Peroxide Market Size, Share & Trends Analysis Report By End User, By Region – Global Industry Size, Share, Trends and Forecast 2019 – 2026” offers detailed insights on global Hydrogen Peroxide market segments with market dynamics and their impact. The report also covers basic technology development policies.
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