Hydrogen Peroxide Market 2024 Research by Fastest Growing Segment and Market Share

8 February 2019: Hydrogen Peroxide Market is subject to witness a substantial growth due to the growing demand from paper & pulp industries. The hydrogen peroxide is commonly used as oxidizer, bleaching agent and antiseptic due to its superior chemical properties. In addition, soaring demand for hydrogen peroxide from chemical sector because of increasing number of application is expected to fuel the growth of hydrogen peroxide market in the upcoming years.

Growing demand for hydrogen peroxide from pharmaceutical and personal care industry is a major catalyst for market growth in the recent years. Globally, the market is predicted to generate massive revenue in the forecast period, providing numerous opportunities for market players to invest in research and development of the hydrogen peroxide industry. Growing demand for paper & pulp from packaging, commercial sectors and pharmaceuticals is predicted to foster market growth over the next few years. In addition, hydrogen peroxide is also used in numerous application involving disinfectant, bleaching agent, protection agent and purification of wastewater.

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Soaring demand from paper & pulp industry is considered as one of the key driving factor for robust market growth of hydrogen peroxide industry in the last few years. Growing demand for hydrogen peroxide from oral care & cosmetic sector is attributed to its oxidizing and antiseptic properties thus propelling market growth, in the recent years. Growing demand for hydrogen peroxide from various end-use industries such as paper & pulp, chemicals, medicine, oral care and cosmetics, electronics & electrical, and agriculture sector is expected to offer lucrative growth opportunities for industry participants over the forecast period.

Hydrogen peroxide as an oxidizing agent is gaining traction within chemical sector, in the last few years. Hydrogen peroxide has superior chemical properties that is vital during production of sodium per carbonate and sodium perborate. Rise in domestic uses of hydrogen peroxide, primarily as a cleaning and disinfecting agent is propelling market growth further. Moreover, hydrogen peroxide has found numerous application in personal care, oral care and cleaning products due to its properties such as bleaching, tooth whitening, oxidizing, and disinfectant. Application of the hydrogen peroxide include sterilization, toothpastes, sanitizer, mouth wash and hair dyes. These factors are anticipated to drive the growth of hydrogen peroxide market in the upcoming years. Moreover, increasing adoption of hydrogen peroxide from agriculture sector to improve overall crop yield is predicted to boost market demand in the near future. Hydrogen peroxide is also used as a cleaning agent in electronic industry.

Countries such as India, China and Japan are leading the Asia-Pacific market with rapid industrialization, strong economic growth, growing demand from various end-user industries, and significant investment by leading industry players considering potential growth opportunities in the region. The key players in the hydrogen peroxide market are Solvay S.A., Evonik Industries A/G, Arkema S.A., National Peroxide Ltd., and Mitsubishi Gas Chemical Co.

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