Global Hydrogen Peroxide Market is accounted for $1.62 billion in 2020 and is expected to reach $2.72 billion by 2028 growing at a CAGR of 6.7% during the forecast period. Rising demand from the paper and pulp industry and increasing consumption of hydrogen peroxide as raw material for propylene oxide production (HPPO process) are the major factors propelling the market growth.
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By geography, the Asia Pacific is going to have a lucrative growth during the forecast period due to the rising population, living standards, and per capita income. The continuous effort of governments of various nations in this region, like India, on enhancing public hygiene by developing different programs like Swachh Bharat Abhiyan also supports the expansion of the market in this region.
Some of the key players profiled in the Hydrogen Peroxide Market include Taekwang Industrial, Solvay, National Peroxide Limited, OCI Company Ltd., Arkema, Nouryon, Mitsubishi Gas Chemical Company, Samuda Chemical Complex Limited, Kemira, Hansol Chemical, Gujarat Alkalies & Chemicals Limited (GACL), Evonik Industries, Chang Chun Group, BASF, Merck KGaA, and Aditya Birla Chemicals.
Grades Covered in Hydrogen Peroxide Market
• High Grade
• Lab Grade
• Food Grade
• Industrial Grade
• Technical Grade
• Aseptic
• Standard
Dilution Types Covered:
• 3% H2O2
• 6 to 10% H2O2
• 35% H2O2
• 90% H2O2
Sales Channels Covered:
• Retail Sales
• Direct/Institutional Sales
Product Functions Covered:
• Bleaching
• Sterilizing/Disinfecting
• Oxidant
• Cleaning and Etching
End Users Covered:
• Pharmaceutical
• Food & Beverages
• Cosmetics
• Healthcare
• Mining
• Home & Personal Care
• Pulp & Paper
• Textiles and Laundry
• Wastewater Treatment/Water Purification
• Oil and Gas
• Electronics & Semiconductors
• Aeronautics & Space (Propulsion Applications)
• Fuel Propellant
• Chemical Synthesis
• Environmental
• Packaging
• Consumer Uses
• Industrial
• Specialty Applications
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