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The Asia Pacific hydrogen peroxide market size reached US$ 2.54 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 3.66 Billion by 2027, exhibiting a growth rate (CAGR) of 6.5% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Hydrogen peroxide, with the chemical formula H2O2, is a pale blue, clear liquid that is slightly more viscous than water. It is unstable in nature and stored in a weak acidic solution with a stabilizer. Hydrogen peroxide is active against a wide range of microorganisms, including viruses, bacteria, fungi, yeasts and spores. Consequently, it is widely used in the Asia Pacific region to cleanse tools, such as toothbrushes, and combat excessive microbial growth in water systems and cooling towers.
Asia Pacific represents the largest market for hydrogen peroxide across the globe. The increasing use of the compound in disinfectants primarily drives the demand for hydrogen peroxide in the region. The utilization of hydrogen peroxide is also increasing in the pulp and paper industry as it has emission-free and eco-friendly properties. It also finds applications across multiple sectors like chemical, pharmaceutical, personal care and cosmetics, electronics, and agriculture. Moreover, several environmental laws and regulations implemented in the region are playing a significant role in bolstering the market growth. Furthermore, with the spread of coronavirus disease (COVID-19), hydrogen peroxide is extensively being utilized for manufacturing sanitizers and hygiene products.
IMARC Group provides an analysis of the key trends in each sub-segment of the Asia Pacific hydrogen peroxide market report, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on application and end use.
Breakup by Application:
Breakup by End Use:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|Segment Coverage||Application, End Use, Country|
|Countries Covered||China, Japan, India, South Korea, Australia, Indonesia, Others|
|Customization Scope||10% Free Customization|
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