According to the latest report by IMARC Group, titled “Hydrogen Peroxide Market Growth: Global Industry Trends, Share, Size, Opportunity and Forecast 2022-2027”, the global hydrogen peroxide market reached a value of US$ 3.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.06 Billion by 2027, exhibiting at a CAGR of 4.2% during 2022-2027. Hydrogen peroxide refers to a chemical compound that is widely used as a cleaning agent. It is non-flammable in nature and is characterized by a bitter taste and excellent oxidizing properties. Additionally, it is commonly stored in a weak acidic solution along with a stabilizer. It is widely used as an antiseptic for preventing the spread of infections that are caused by minor cuts, burns and scrapes. It generally works by releasing oxygen when applied to the affected area that helps in cleaning the area and removing dead skin cells from the body.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic.
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Global Hydrogen Peroxide Market Trends:
The global market is primarily driven by significant growth in the chemical industry. Along with this, the widespread adoption of product variants in the production of disinfectants that are widely used for health and sanitation purposes is providing a boost to the market growth. Moreover, various technological advancements across the globe are creating a positive outlook for the market. For instance, the introduction of inexpensive portable devices that produce hydrogen peroxide from electricity, water and air is anticipated to favorably impact the market growth. Furthermore, the sudden outbreak of coronavirus disease (COVID-19) has provided a boost to the sales of hydrogen peroxide on the global level. The market is further driven by continuous improvements in the healthcare and pharmaceutical infrastructures. Other factors, including the easy availability of the product through offline and online retail channels and extensive research and development (R&D) activities conducted by key players, are also projected to drive the market growth.
Global Hydrogen Peroxide Market 2022-2027 Analysis and Segmentation:
Competitive Landscape with Key Player:
- Kemira Oyj
- FMC Corporation
- EkO Peroxide LLC (acquired by AkzoNobel)
- Mitsubishi Gas Chemical Company
- PeroxyChem LLC
- Aditya Birla Chemicals Limited
- Kingboard Chemical Holdings Ltd
- BASF SE
- Chang Chun Petrochemical
- Guangdong Zhongcheng Chemicals
- Hansol Chemical
Market Breakup by Application:
- Chemical Synthesis
- Cleaning and Etching
Market Breakup by End-Use:
- Pulp and Paper
- Food and Beverages
- Water Treatment
- Textiles and Laundry
- Oil and Gas
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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