The latest report published by IMARC Group, titled “Hydrogen Peroxide Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on hydrogen peroxide market report. The report also includes competitor and regional analysis, and contemporary advancements in the global market.

The global hydrogen peroxide market size reached US$ 3.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.5 Billion by 2032, exhibiting a growth rate (CAGR) of 3.3% during 2024-2032.

Hydrogen peroxide (H2O2) is a colorless, odorless liquid that consists of two hydrogen atoms and two oxygen atoms. It is a powerful oxidizing agent, commonly used for its antiseptic and bleaching properties. Industrially, hydrogen peroxide is primarily manufactured through the anthraquinone process, which involves the autoxidation of 2-ethyl anthraquinone in the presence of hydrogen gas and a metal catalyst. The importance of hydrogen peroxide lies in its versatility and effectiveness across multiple industries. The benefits of hydrogen peroxide stem from its ability to disinfect and sanitize effectively without leaving harmful residues. Unlike chlorine-based bleach, hydrogen peroxide decomposes into water and oxygen, making it environmentally friendly.

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Market Trends:

The global market is primarily driven by increasing demand for industrial degreasers due to the need for efficient cleaning solutions in manufacturing and production facilities worldwide. Additionally, the rise in environmental consciousness has led to the development and adoption of eco-friendly, bio-based degreasers containing hydrogen peroxide, which align with sustainability initiatives and regulatory requirements is impelling market growth. Moreover, the growing awareness of maintaining vehicle health and safety underscores the importance of using hydrogen peroxide-based degreasers in the automotive industry to ensure optimal performance and prevent the accumulation of contaminants is stimulating market growth. Furthermore, the rise in demand for hydrogen peroxide in pulp and paper bleaching processes, driven by the growing packaging and printing industries, further boosts market expansion.

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Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• Solvay
• Evonik
• Arkema
• 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
• Merck
• Chang Chun Petrochemical
• Guangdong Zhongcheng Chemicals
• Hansol Chemical

Hydrogen Peroxide Market Segmentation:

Our report has categorized the market based on region, application and end-use.

Application Insights:

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

End-Use Insights:

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

Regional Insights:

• 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 (2018-2023)
• Market Outlook (2024-2032)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

About Us

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.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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