Global Hydrogen Peroxide Market

Global Hydrogen Peroxide Market Size, Share, Growth Analysis, By Function(Disinfectant, Bleaching), By Grade(<35%, and >35%), By Application(Pulp & Paper, Chemical Synthesis), By Sales Channel(Direct Sale, and Indirect Sale) - Industry Forecast 2023-2030


Report ID: SQMIG15A2116 | Region: Global | Published Date: February, 2024 | Pages: 157 | Tables: 122 | Figures: 77

Global Hydrogen Peroxide Market Insights

Hydrogen Peroxide Market size was valued at USD 5.4 billion in 2021 and is poised to grow from USD 5.65 billion in 2022 to USD 8.6 billion by 2030, growing at a CAGR of 5.2% in the forecast period (2023-2030).

One of the key components utilized to make these disinfectants and sanitizing products is hydrogen peroxide. For instance, a standard disinfectant normally consists of the following ingredients: chlorine dioxide, 0.5% to 1% peroxyacetic acid, a small amount of isopropyl alcohol, and 3% to 4% hydrogen peroxide. 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. 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.

US Hydrogen Peroxide Market is poised to grow at a sustainable CAGR for the next forecast year.

Market snapshot - 2023-2030

Global Market Size

USD 5.4 billion

Largest Segment

Disinfectant

Fastest Growth

Disinfectant

Growth Rate

5.2% CAGR

Global Hydrogen Peroxide Market 2022-2030 ($ Bn)
Country Share for Asia Pacific Region- 2022 (%)
Global Hydrogen Peroxide Market Size By Function 2022-2030 ($ Bn)
Global Hydrogen Peroxide Market Size By Function 2022-2030 ($ Bn)

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Global Hydrogen Peroxide Market Segmental Analysis

Global Hydrogen Peroxide Market is segmented based on function, grade, application, sales channel and region. Based on function the market is segmented into disinfectant, bleaching, oxidant, and others. Based on Grade the market is segmented into <35%, and >35%. Based on Application the market is segmented into pulp & paper, chemical synthesis, wastewater treatment, mining, food & beverages, personal care, healthcare, textiles, and others. Based on Sales Channel the market is segmented into Direct Sale, and Indirect Sale. Based on region the global Hydrogen Peroxide Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Analysis by Function

During the projected period, the bleaching segment dominated the global Hydrogen Peroxide market in 2022. 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 fibers. It is employed in the production of fabrics as well since it helps improve the mechanical qualities of fibers.

Analysis by Application

During the projected period, the pulp and paper segment dominated the global Hydrogen Peroxide market in 2022. 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 utilized 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.

Global Hydrogen Peroxide Market By Function, 2022 (%), 2021 (%)

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Global Hydrogen Peroxide Market Regional Insights

The Asia-Pacific region is anticipated to dominate the global Hydrogen Peroxide market. 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 labor, and an improved trade balance, China, India, Thailand, South Korea, and Japan have emerged as important centers for multinationals operating in various sectors to develop their business practices in the nation. Also, Due to the long-term prevalence of water-borne illnesses in the region,

North America is seen as being at the forefront of the wastewater treatment sector. Every day, the U.S. purifies more than 34 billion gallons of contaminated water to make it safe for locals to drink. One of the main requirements in the nation is the removal of phosphorus and nitrogen from water sources, along with the oxidation of wastewater. This has ultimately resulted in a significant use of hydrogen peroxide throughout the nation's industries.

Also, Hydrogen peroxide usage in the region is rising as a result of the expanding demand for various personal care products in the European market. Its oxidizing and antibacterial qualities are the main reasons for the product's rising demand in this application. In nations including the United Kingdom, France, Italy, Germany, and Spain, cosmetics and personal care items like skincare creams and lotions have seen tremendous growth. This is mostly attributable to the increased market penetration of cosmetic manufacturers in these nations.

Global Hydrogen Peroxide Market By Geography, 2022-2030, 2023-2030
  • Largest
  • Fastest

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Global Hydrogen Peroxide Market Dynamics

Drivers

  • The major factors driving the market growth are growing demand from various end-use industries, rising awareness about the benefits of hydrogen peroxide, increasing focus on water treatment, growing demand from the food industry and growing demand from the healthcare industry.
  • Several industries, including pulp and paper, textiles, healthcare, and personal care, among others, employ hydrogen peroxide. The market for hydrogen peroxide is expanding as a result of the rising demand from various end-use industries. One of the main end users of hydrogen peroxide is the pulp and paper sector. It is employed for bleaching wood pulp, an essential stage in the production of paper. Due to rising literacy rates and increased urbanization, there is a growing need for paper products, particularly in emerging nations. The pulp and paper industry's need for hydrogen peroxide is being driven by this. Moreover, the textile sector uses hydrogen peroxide for bleaching, dyeing, and finishing procedures. The expansion of the hydrogen peroxide market in the textile sector is being driven by the rising demand for textile products, particularly in emerging nations. Moreover, the healthcare sector uses hydrogen peroxide for wound care, sterilization, and disinfection. The need for hydrogen peroxide in the healthcare sector is anticipated to rise as a result of the growing attention being paid to healthcare and the rising demand for medical services. Moreover, hydrogen peroxide is employed in the personal care sector as a brightening agent for the teeth and hair. The personal care industry's hydrogen peroxide market is expanding due to the rising demand for personal care products, particularly in emerging nations. Thus, the market for hydrogen peroxide is expanding as a result of the increasing demand from various end-use sectors, and this trend is anticipated to persist in the years to come.
  • Moreover, hydrogen peroxide is a chemical that is safe for the environment and is frequently used for cleaning, bleaching, and disinfecting. It is a desirable substitute for other environmentally hazardous compounds because it breaks down into water and oxygen and does not leave any dangerous leftovers behind. The pulp and paper business, the textile industry, the healthcare industry, and the personal care industry are just a few examples of the diverse variety of uses for hydrogen peroxide. Several end customers find it to be a desirable solution due to its adaptability. Moreover, hydrogen peroxide works well as a disinfectant and bleach. It has many uses, including treating water, cleaning medical equipment, and treating wounds. Many research have proven its efficacy, which has raised public knowledge of its advantages. Also, compared to many other compounds, hydrogen peroxide is safer to handle and use. When used at the recommended doses, it does not produce any hazardous emissions and is neither poisonous nor corrosive. Because of this, it is a favored chemical for many uses. Because of this, the market for hydrogen peroxide is expanding, and this trend is anticipated to continue as more industries and end users choose hydrogen peroxide as their preferred chemical in the years to come.
  • Also, factors such as growing demand from emerging economies: emerging economies such as India, China, and Brazil, increasing adoption of eco-friendly chemicals, advancements in technology and increasing demand for hydrogen peroxide in the healthcare industry along with rising demand for personal care products may offer several opportunities for growth, and these opportunities are expected to drive the growth of the market in the coming years.

Restraints

  • Even though the hydrogen peroxide has wide range of application, there are some factors such as stringent regulations, availability of substitutes, volatility of raw material prices, flammability and instability and limited shelf life which may act as the restrain. Due to its potential risks, hydrogen peroxide manufacturing and use are governed by strict laws in many nations. These rules might make production more expensive and restrict how often hydrogen peroxide is used, which would have an effect on the market's expansion. While hydrogen peroxide is a versatile chemical, there are a number of alternatives that can be used in place of it in many situations. In many disinfection applications, sodium hypochlorite, for instance, can be used in place of hydrogen peroxide. In some applications, the availability of alternatives can reduce the need for hydrogen peroxide. Furthermore, due to a variety of circumstances, including supply-demand mismatches and geopolitical conflicts, the price of the raw materials used to make hydrogen peroxide is prone to volatility. This can raise production costs and restrict the supply of hydrogen peroxide, which might have an effect on the market's expansion.

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Global Hydrogen Peroxide Market Competitive Landscape

From a global perspective, The market has been characterized by intense competition due to the presence of several recognized brands. Rising competition in the global market space that led to several new product launches, followed by process reform adopted by these multinationals, patented technologies, and project expansions. The majority of the key industry participants involved in manufacturing product are observed to have long-term agreements with regional level personal care, wastewater treatment, textile, healthcare, and chemical manufacturing companies to establish sustainable businesses in the regional ecosystem and increase their market share.

Top Player’s Company Profiles

  • Solvay S.A.
  • Evonik Industries AG
  • Akzo Nobel N.V.
  • BASF SE
  • Mitsubishi Gas Chemical Company, Inc.
  • PeroxyChem LLC
  • Arkema Group
  • Gujarat Alkalies and Chemicals Ltd.
  • Merck KGaA
  • Kemira Oyj
  • Aditya Birla Chemicals (Thailand) Ltd.
  • Arkema Inc.
  • Kingboard Chemical Holdings Ltd.
  • Hansol Chemical Co. Ltd.
  • Ecolab Inc.
  • Dow Chemical Company
  • Christeyns
  • Apollo Scientific Ltd.
  • Guangdong Zhongcheng Chemicals Inc.
  • Novo Nordisk Pharmatech A/S

Recent Developments

  • In May 2022, with the help of natural components, Solvay S.A. invested in Suanfarma's Cipan manufacturing facility in Lisbon to advance its biotechnology capabilities.
  • In May 2022, a new platform for renewable materials and biotechnology has been launched by Solvay S.A. Its goal is to develop innovative and environmentally friendly products for a range of sectors by employing renewable feedstocks and biotechnology.
  • In April 2022, the expansion of Mitsubishi Gas Chemical Company's semiconductor package production capacity at MGC Electrotechno Co. Ltd.'s manufacturing facility in Thailand has now been completed, according to the company.

Global Hydrogen Peroxide Key Market Trends

  • Hydrogen peroxide is widely used in the healthcare industry for disinfection, sterilization, and wound care. With the increasing focus on healthcare and the growing demand for medical services, the use of hydrogen peroxide in the healthcare industry is expected to continue to grow in the coming years.
  • Hydrogen peroxide is an eco-friendly chemical that decomposes into water and oxygen, making it an attractive alternative to other chemicals that are harmful to the environment. With the increasing demand for eco-friendly chemicals in various industries, the demand for hydrogen peroxide is expected to grow in the coming years.
  • Hydrogen peroxide is a specialty chemical that is used in a wide range of applications, including disinfection, bleaching, and water treatment. With the increasing demand for specialty chemicals in various industries, the demand for hydrogen peroxide is expected to grow in the coming years.
  • Hydrogen peroxide is used in the food and beverage industry for sterilization and disinfection purposes. With the increasing demand for processed food and beverages, the demand for hydrogen peroxide in the food and beverage industry is expected to grow in the coming years.

Global Hydrogen Peroxide Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our global hydrogen peroxide market analysis, growing demand from various end-use industries, rising awareness about the benefits of hydrogen peroxide, increasing focus on water treatment, growing demand from the food industry and growing demand from the healthcare industry are several factors are driving the market growth.

Report Metric Details
Market size value in 2021 USD 5.4 billion
Market size value in 2030 USD 5.65 billion
Growth Rate 5.2%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Function
    • Disinfectant, Bleaching, Oxidant, and Others
  • Grade
    • <35%, and >35%
  • Application
    • Pulp & Paper, Chemical Synthesis, Wastewater Treatment, Mining, Food & Beverages, Personal Care, Healthcare, Textiles, and Others
  • Sales Channel
    • Direct Sale, and Indirect Sale
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Solvay S.A.
  • Evonik Industries AG
  • Akzo Nobel N.V.
  • BASF SE
  • Mitsubishi Gas Chemical Company, Inc.
  • PeroxyChem LLC
  • Arkema Group
  • Gujarat Alkalies and Chemicals Ltd.
  • Merck KGaA
  • Kemira Oyj
  • Aditya Birla Chemicals (Thailand) Ltd.
  • Arkema Inc.
  • Kingboard Chemical Holdings Ltd.
  • Hansol Chemical Co. Ltd.
  • Ecolab Inc.
  • Dow Chemical Company
  • Christeyns
  • Apollo Scientific Ltd.
  • Guangdong Zhongcheng Chemicals Inc.
  • Novo Nordisk Pharmatech A/S
Customization scope

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  • Company profile
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  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Hydrogen Peroxide Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Hydrogen Peroxide Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Hydrogen Peroxide Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Hydrogen Peroxide Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Hydrogen Peroxide Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Hydrogen Peroxide Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Hydrogen Peroxide Market size was valued at USD 5.4 billion in 2021 and is poised to grow from USD 5.65 billion in 2022 to USD 8.6 billion by 2030, growing at a CAGR of 5.2% in the forecast period (2023-2030).

From a global perspective, The market has been characterized by intense competition due to the presence of several recognized brands. Rising competition in the global market space that led to several new product launches, followed by process reform adopted by these multinationals, patented technologies, and project expansions. The majority of the key industry participants involved in manufacturing product are observed to have long-term agreements with regional level personal care, wastewater treatment, textile, healthcare, and chemical manufacturing companies to establish sustainable businesses in the regional ecosystem and increase their market share. 'Solvay S.A.', 'Evonik Industries AG', 'Akzo Nobel N.V.', 'BASF SE', 'Mitsubishi Gas Chemical Company, Inc.', 'PeroxyChem LLC', 'Arkema Group', 'Gujarat Alkalies and Chemicals Ltd.', 'Merck KGaA', 'Kemira Oyj', 'Aditya Birla Chemicals (Thailand) Ltd.', 'Arkema Inc.', 'Kingboard Chemical Holdings Ltd.', 'Hansol Chemical Co. Ltd.', 'Ecolab Inc.', 'Dow Chemical Company', 'Christeyns', 'Apollo Scientific Ltd.', 'Guangdong Zhongcheng Chemicals Inc.', 'Novo Nordisk Pharmatech A/S'

The major factors driving the market growth are growing demand from various end-use industries, rising awareness about the benefits of hydrogen peroxide, increasing focus on water treatment, growing demand from the food industry and growing demand from the healthcare industry.

Hydrogen peroxide is widely used in the healthcare industry for disinfection, sterilization, and wound care. With the increasing focus on healthcare and the growing demand for medical services, the use of hydrogen peroxide in the healthcare industry is expected to continue to grow in the coming years.

The Asia-Pacific region is anticipated to dominate the global Hydrogen Peroxide market. 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 labor, and an improved trade balance, China, India, Thailand, South Korea, and Japan have emerged as important centers for multinationals operating in various sectors to develop their business practices in the nation. Also, Due to the long-term prevalence of water-borne illnesses in the region,

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Global Hydrogen Peroxide Market

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