According to ChemAnalyst report, “Hydrogen Peroxide Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Sales Channel, Regional Demand, 2015-2035, the Global Hydrogen Peroxide Market is anticipated to witness healthy growth by reaching 8.3 million tonnes by 2035. The cost-effective nature of hydrogen peroxide and surging demand for recycled paper are likely to boost its demand in the upcoming years. Further, the rising consumption of Hydrogen Peroxide in the paper & pulp industry, its growing popularity as a raw material for propylene oxide production, and increasing penetration of niche applications such as laundry, gardening, and others are anticipated to propel market growth in the forecast period.
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Hydrogen Peroxide is a clear liquid in its pure form and slightly more viscous than water. Due to its unstable nature, it is easily decomposed into oxygen and water with heat release. Therefore, it is preferably stored in a weak acidic solution with a stabilizer. It is a strong oxidizing agent, making it a powerful bleaching agent applicable in the paper & pulp, and textile industries. It also exhibits disinfectant, antiviral, and antibacterial properties, making it suitable for personal hygiene and healthcare applications. It is applied in the treatment of skin as an antiseptic for minor cuts and burns and as a mouth rinse solution to remove mucus and other mouth irritations.
The total installed capacity of Hydrogen Peroxide in 2021 stood at around 5.9 million tonnes. With the addition of new capacities around the globe on the back of surging demand from numerous end-user industries, it is expected to reach around 6.3 million tonnes by 2035. On the other hand, global demand for Hydrogen Peroxide is anticipated to propel at a healthy CAGR of 5.93%.
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Hydrogen Peroxide Market is segmented based on end-use, sales channel, and region. Based on end-use, the Hydrogen Peroxide market is segmented into Paper & Pulp, Textiles, Water & Wastewater Treatment, Food Processing, Electronics & Semiconductors, Pharmaceuticals, and others. The Paper & Pulp industry registered the highest market share in 2021 and is projected to record remarkable growth in the forecast period.
On a regional level, the market is segmented into Asia-Pacific, North America, Europe, South America, the Middle East and Africa. The Asia Pacific is the dominant consumer market accounting for around 35% of the market share.
Hydrogen Peroxide Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Regional Demand 2015-2035”, some of the major players operating in the Hydrogen Peroxide market are Solvay S.A., Evonik Industries AG, Arkema S.A, Mitsubishi Gas Chemical Company (MGC), Eka Chemicals Inc, and others.
“The growing awareness among numerous end-user industries regarding the versatile properties of Hydrogen Peroxide is propelling a positive market outlook. The overall hydrogen peroxide market shall flourish in terms of revenue at a CAGR of over 7.91% in the forecast period on account of its numerous properties such as antiseptic, antiviral, and excellent bleaching properties, which make it suitable for application in paper & pulp, textile, food processing, and pharmaceutical industry,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.
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