According to the latest report by IMARC Group, titled “Hydrogen Peroxide Market: India Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,” the India hydrogen peroxide market size reached US$ 234 Million in 2019. Hydrogen peroxide is a chemical compound with the formula H2O2. In its pure form, it is a pale blue, clear liquid and slightly more viscous than water. It is unstable in nature due to which it is usually stored in a weak acidic solution with a stabilizer. Hydrogen peroxide is a well-documented component of living cells and plays an essential role in host defense and oxidative biosynthetic reactions. Due to its low molecular weight, hydrogen peroxide has merged as a preferable oxidizing agent than permanganate and potassium dichromate. With the sudden outbreak of coronavirus disease (COVID-19), hydrogen peroxide is being extensively utilized in disinfectants and other hygienic products as it actively acts against viruses.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
India Hydrogen Peroxide Market Trends:
Hydrogen peroxide finds numerous applications in diverse industries. It is a mild antiseptic used on the skin to treat minor cuts, scrapes, and burns. It may also be used as a mouth rinse to help remove mucus or relieve minor mouth irritation. Hydrogen peroxide is also used in the food and beverage industry for disinfecting equipment and sanitizing establishments in dairies, wineries, and meat and poultry processing industries. Apart from this, hydrogen peroxide can be found in a wide variety of hair care products, including hair dyes, hair bleach, conditioners, and shampoos and rinses. It is also extensively employed in the paper and pulp industry as a bleaching agent and is used in the production of mechanical, chemical, and recyclable pulps. In wastewater treatment, hydrogen peroxide stands as a preferred choice among the other chemical reagents due to its emission-free and environment-friendly properties. On account of these factors, the market is expected to witness moderate growth during the forecast period (2020-2025).
- Based on the application, the market has been segmented into chemical synthesis, bleaching, disinfectant, cleaning and etching, and others.
- On the basis of the end use, the market has been classified into pulp and paper, food and beverages, water treatment, textiles and laundry, oil and gas, healthcare, electronics and others.
- Region-wise, the market has been divided into North India, West and Central India, South India and East India.
- The competitive landscape of the market has been examined with the detailed profile of the key players operating in the industry.
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