Hydrogen Peroxide Market Size, Share to Grow at a CAGR of 5.88% by 2032 | ChemAnalyst

NEW YORK - June 8, 2023 - PRLog -- According to ChemAnalyst report, "Global Hydrogen Peroxide Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, 2015-2032", The Hydrogen Peroxide market is likely to experience a significant increase by reaching 7800 thousand tonnes in 2032, at an expected CAGR of 5.88% in the forecast period. The increasing demand of Hydrogen Peroxide by numerous downstream end-use industries owing to its oxidizing properties is anticipated to swell the demand for Hydrogen Peroxide by 2032.

Hydrogen Peroxide (H2O2) is a reactive chemical compound which is pale blue and slightly viscous in nature. It contains single oxygen-oxygen bond and possesses oxidizing properties which makes it suitable for various cosmetic and medical, as a disinfectant, and a bleaching agent. Hydrogen Peroxide has wide range of applications in cosmetics, detergents & disinfectants and chemical manufacturing due to its highly effective anti-bacterial and anti-viral properties.

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The hydrogen peroxide market is expected to witness major expansion with the increasing demand from the pulp and paper industry.  In the textile sector, hydrogen peroxide is frequently employed as a bleaching agent, which significantly adds to the market growth rate. Foods products like wheat flour and rice are cleaned and bleached using hydrogen peroxide to enhance colour which further contributes to the hydrogen peroxide market expansion. In sanitization, Hydrogen Peroxide find its application as a mild antiseptic to prevent infections, which adds to the market expansion. In pulp industries, hydrogen peroxide is widely used for bleaching of chemical, mechanical and recycled pulp. This chemical increases the brightness levels, stability and reduces the manufacturing cost of paper.

The global Hydrogen Peroxide market is segmented based on end-use, sales channel, and region. Based on the end-user industry, the global Hydrogen Peroxide market is segmented into Paper & Pulp, Textiles, Water & Waste Water Treatment, Food Processing, Electronics & Semiconductors, Pharmaceuticals, and Others. Among these, the Paper & Pulp industry is dominating the Hydrogen Peroxide market. This industry consumed approximately 47% of the market in 2022 and is anticipated to domain the market in the forecast period as well. Hydrogen Peroxide is frequently used in the paper industry to produce high-quality paper and packaging purposes. G

Major Players are Evonik Industries AG, SOLVAY, Arkema S.A, Mitsubishi Gas Chemical Company (MGC), Sunkyong Chemicals Ltd., Oci Chemicals, National Peroxide Limited (NPL), Indian Peroxide Limited (IPL), Eka Chemicals, Kemira Oyj, Taekwang Industrial Co. ltd., and Others.