Global Hydrogen Peroxide Market Insights Forecasts to 2030
- The Hydrogen Peroxide Market Size was valued at USD 1.60 billion in 2021.
- The Worldwide Market Share is growing at a CAGR of 6.27% from 2022 to 2030
- The Global Hydrogen Peroxide Market Size is expected to reach USD 2.70 billion by 2030
- Asia Pacific is expected to grow the fastest during the forecast period
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The Global Hydrogen Peroxide Market Size is expected to reach USD 2.70 billion by 2030, at a CAGR of 6.27% during the forecast period 2022 to 2030. Growing healthcare industry demand for the product as a result of its antiseptic qualities is anticipated to continue to be a major driver of market expansion. The substance is widely sought-after in the healthcare industry as an antiseptic, which is usually applied to skin cuts and bruises to prevent infections.
The substance hydrogen peroxide, which is made up of oxygen and hydrogen, is utilised in many different industrial sectors. The substance has a variety of qualities, including antibacterial and effective bleaching properties, which make it well suited for use in the paper and pulp industry and in healthcare.
This research report categorizes the market for Hydrogen Peroxide market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Hydrogen Peroxide market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the Hydrogen Peroxide market.
The substance is widely sought-after in the healthcare industry as an antiseptic, which is usually applied to skin cuts and bruises to prevent infections. Due to its capacity to reduce mouth irritation, mucus, and other oral infections, it is also frequently used as a mouth rinse. The material primarily releases oxygen, which causes foaming on the bruised and cut skin and ultimately results in the efficient elimination of dead skin while protecting the wound from infection. Hydrogen peroxide is expected to be used in a wide variety of applications, increasing demand from the pulp and paper industry. In addition, it is projected that the product would see an increase in demand from the healthcare sector due to its antiseptic capabilities.
Global Hydrogen Peroxide Market Report Coverage
|Market Size in 2021:||USD 1.60 Billion|
|Forecast Period 2021-2030 CAGR:||6.27%|
|2030 Value Projection:||USD 2.70 Billion|
|Historical Data for:||2017-2020|
|No. of Pages:||200|
|Tables, Charts & Figures:||117|
|Segments covered:||By Function, By Application, By Region, COVID-19 Impact Analysis|
|Companies Covered:||Akzo Nobel NV, Arkema S.A., BASF, ClearTech Industries, Evonik Industries, Gujarat Alkalies and Chemicals LTD, Hansol chemicals, Indian Peroxide Ltd., Kemira Oyj, Meghmani Finechem Limited, Mitsubishi Gas Chemical Company, National Peroxide Limited, Nouryan, Solvay, Taekwang Industrial Co. Ltd|
|Growth Drivers:||Due to its capacity to reduce mouth irritation, mucus, and other oral infections, it is also frequently used as a mouth rinse.|
|Pitfalls & Challenges:||COVID-19 Empact, Challenge, Future, Growth, & Analysis|
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The risks that hydrogen peroxide poses to human health and the environment are anticipated to impede the market's continuous expansion.
- In 2021, the bleaching segment is dominating the market with the largest market share over the forecast period.
On the basis of function, the global hydrogen peroxide market is segmented into Oxidant, Disinfectant, Bleaching. Among these, the bleaching segment is dominating the market with the largest market share over the forecast period. The substance has a wide range of uses as a bleaching agent in several industries, including pulp & paper, medicine, and textiles. The product is quite helpful in the medical field as a dental bleach, hair bleach, mouthwash, and for maintaining oral hygiene. The textile industry uses a bigger amount of the material as bleach, where it is frequently used to brighten clothing and remove stains from both synthetic and natural fibres. It is employed in the production of fabrics as well since it helps improve the mechanical qualities of fibres.
- In 2021, the pulp and paper segment is dominating the market over the forecast period.
Based on the application, the global hydrogen peroxide market is segmented into Healthcare, Wastewater Treatment. Among these, the pulp and paper segment is dominating the market over the forecast period. Similar to bleach, the substance is acknowledged as a chlorine-free element, making it a crucial component of the pulp and paper industry across the world. It is utilised properly to enhance the mechanical and chemical qualities of pulp and raise the quality and brightness of paper. As it lowers production costs, offers better quality, is simple to use, and is environmentally benign, it has created a rising demand in the business.
Regional Segment Analysis of the Hydrogen Peroxide Market
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- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Rest of APAC)
- South America (Brazil and the Rest of South America)
- The Middle East and Africa (UAE, South Africa, Rest of MEA)
Asia Pacific is dominating the market with the largest market share over the forecast period.
In 2020, the Asia Pacific region dominated the market and generated 40.15% of global revenue. This is explained by the growing influence of the medical, personal care, and chemical formulating businesses in the area. Due to cheaper land prices, the availability of skilled labour, and an improved trade balance, China, India, Thailand, South Korea, and Japan have emerged as important centres for multinationals operating in various sectors to develop their business practises in the nation.
- In September 2022, Hydrogen peroxide prices in Europe have increased, according to Arkema. This action was made to control the rising cost of electricity in Europe.
- In July 2022, In Arizona, United States, Solvay announced the construction of high-quality production facilities for electronic-grade hydrogen peroxide. The production will probably start in 2023.
The report offers the appropriate analysis of the key organizations/companies involved within the global Hydrogen Peroxide market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Market Players
- Akzo Nobel NV
- Arkema S.A.
- ClearTech Industries
- Evonik Industries
- Gujarat Alkalies and Chemicals LTD
- Hansol chemicals
- Indian Peroxide Ltd.
- Kemira Oyj
- Meghmani Finechem Limited
- Mitsubishi Gas Chemical Company
- National Peroxide Limited
- Taekwang Industrial Co. Ltd
Key Target Audience
- Market Players
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the global Hydrogen Peroxide market based on the below-mentioned segments:
Hydrogen Peroxide Market, By Function
Hydrogen Peroxide Market, By Application
- Wastewater Treatment
Hydrogen Peroxide Market, Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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