Hydrogen Peroxide Market Size, 2020 Industry Share and Global Demand | 2027 Forecast by Fortune Business Insights™
HydrogenPeroxide Market will exhibit a CAGR of 3.7% during the forecastperiod., and reach 3.7% during the forecast period, and the Marketvalue as per 2019 was USD 1,613.8 million.
FortuneBusiness Insights™ in a new report, titled, “Hydrogen PeroxideMarket Size, Share & COVID-19 Impact Analysis, By Grade (<35% and>35%), By Type (Disinfectant, Bleaching Agent and Others), By Application(Pulp & Paper, Chemical Synthesis, Textile Bleaching, Water Purification,Home & Personal Care and Specialty Applications), and Regional Forecast,2020-2027.”
Hydrogen Peroxide Market Drivers and Restraint:
Wide Applicability of Hydrogen Peroxide to Boost Market Growth
Thischemical offers multiple functions in different industrial, commercial, andhousehold applications. Strong bleaching properties make it suitable for paperand textile bleaching. In healthcare, it is used as an antiseptic andantimicrobial agent. In water purification, home care, personal care, and foodapplications, it acts as an excellent disinfecting and oxidizing agent. Inelectronics, it is used as a high-quality cleaning agent. It is also used inthe production of detergent bleaches such as sodium percarbonate and sodiumperborate. Therefore, such versatility in terms of applicability is fueling thegrowth of the global market.
RESTRAINING FACTORS
Potential Health Hazards May Hinder Product Adoption
Dueto its strong oxidizing nature, hydrogen peroxide can be corrosive to therespiratory system, eyes, and skin. If not handled carefully, prolongedexposure irritates the skin & the eyes and causes hair bleaching. Moreover,it is not compatible with most of the raw materials such as copper alloys orheavy metals, which leads to self-accelerated thermal decomposition. Therefore,it should be carefully stored and handled to avoid potential health hazards.
List of Key Players Covered in the Hydrogen Peroxide Market Report:
- Solvay S.A. (Belgium)
- Evonik Industries A.G. (Germany)
- Arkema S.A. (France)
- Mitsubishi Gas Chemical Company Inc. (Japan)
- Kemira Oyj (Finland)
- Taekwang Industrial Co., Ltd. (South Korea)
- Thai Peroxide Ltd. (Thailand)
- Hansol Chemical Co. Ltd. (South Korea)
- OCI COMPANY Ltd. (South Korea)
- Nouryan (The Netherlands)
- Indian Peroxide Ltd. (India)
- Gujarat Alkalies and Chemicals Ltd. (India)
To gain more insights into the market with a detailed tableof content and figures, Click Here: https://www.fortunebusinessinsights.com/hydrogen-peroxide-market-103920
Some of the key industry developments in the HydrogenPeroxide Market Include:
October 2018: Indian PeroxideLimited established a new hydrogen peroxide production plant with an annualcapacity of 40 kilotons in Gujarat, India. The company has also planned toinvest around US$ 100 million on capacity expansion in the next three to fiveyears.
