Global Hydrogen Peroxide Market Report and Forecast 2024-2032

Global Hydrogen Peroxide Market Outlook

The global hydrogen peroxide market attained a value of USD 4.57 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 4.4% to reach USD 6.76 billion by 2032.

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Based on the application, the chemical synthesis segment dominated the market in 2020. On the basis of end-use, pulp and paper represent the largest segment followed by the food and beverages, water treatment, textiles and laundry, oil and gas, healthcare, electronics, and others.

Properties and Applications 

Hydrogen peroxide (H2O2) is a chemical compound that is characterised by clear liquid and pale blue colour. It is unstable due to which it generally stored in a weak acidic solution with a stabiliser. The combination of hydrogen and water is slightly more viscous than water. Further, it is also used as a mild antiseptic on the skin to prevent infection caused by scrapes, minor cuts, and burns. It readily decomposes into oxygen and water while releasing heat and can cause combustion in contact with organic materials. Additionally, it is also used across different verticals in the manufacturing of various products, including disinfectants, bleaches, hair relaxers, ear drops, toothpaste, antiseptic mouthwash, and hair relaxers.

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The major applications of the global hydrogen peroxide market are:

• Chemical Synthesis
• Bleaching
• Disinfectant
• Cleaning and Etching
• Others

The industry can be broadly categorised on the basis of its end-use segments into:

• Pulp and Paper
• Food and Beverages
• Water Treatment
• Textiles and Laundry
• Oil and Gas
• Healthcare
• Electronics
• Others

The EMR report looks into the regional markets in the global hydrogen peroxide market like North America, the Asia Pacific, Europe, Latin America, and the Middle East and Africa.

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Market Analysis 

The rising preference of hydrogen peroxide among consumers is gaining popularity as it can be used for water treatment and pollution control applications. The increasing demand for paper and pulp from the packaging and pharmaceutical industries, coupled with the growing demand for high-quality paper from the print media, is creating a positive outlook for the market. Also, hydrogen peroxide is used in the agricultural sector to improve crop yield, which in turn, is expected to impact the industry growth favourably. Moreover, the rising demand for the product from various industries, such as automotive, construction, and food and beverage industries, is anticipated to impel the market growth further. The demand for hydrogen peroxide has also been increasing in bleach products to remove chlorine compounds through bleaching processes. Moreover, the rising demand for recycled paper has also positively influenced this market. Several initiatives undertaken by governments of various countries have also spurred the demand for hydrogen peroxide, and these factors are expected to increase the industry growth.

Competitive Landscape 

The report presents a detailed analysis of the following key players in the global hydrogen peroxide market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Solvay SA
• Evonik Industries AG 
• Arkema  
• Kemira Oyj 
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report