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 2024-2031

Report ID: SQMIG15A2116 | Region: Global | Published Date: April, 2024
Pages: 184 | Tables: 122 | Figures: 77

Global Hydrogen Peroxide Market News

  • 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.
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Hydrogen Peroxide Market size was valued at USD 5.66 billion in 2022 and is poised to grow from USD 6.05 billion in 2023 to USD 9.60 billion by 2031, growing at a CAGR of 6.82% during the forecast period (2024-2031).

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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