United States Hydrogen Peroxide Market to Reach US$ 1,542.1 Million by 2032, Stimulated by Increasing Application in Healthcare Products

July 28, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled “United States Hydrogen Peroxide Market Report by Application (Chemical Synthesis, Bleaching, Disinfectant, Cleaning and Etching, and Others), End Use (Pulp and Paper, Food and Beverages, Water Treatment, Textiles and Laundry, Oil and Gas, Healthcare, Electronics, and Others), and Region 2024-2032,” the United States hydrogen peroxide market size reached US$ 1,130.5 Million in 2023. Hydrogen peroxide is a pale blue liquid comprising two hydrogen and oxygen atoms bonded together. It exhibits strong oxidizing and antimicrobial properties, which aid in killing bacteria, viruses, and fungi. Its ability to break down into water and oxygen upon contact with organic matter makes it a safe and environment friendly disinfecting agent. It is commonly used in wound cleaning, mouth rinsing, and sterilizing medical equipment. It is also employed as a bleaching agent in the textile and paper industries. It helps remove stains and brighten fabrics and consequently finds application in the production of paper to bleach pulp and achieve a white appearance. It is also employed in the beauty and personal care industry as a hair bleach and teeth whitening agent.

United States Hydrogen Peroxide Market Trends:

The growing utilization of hydrogen peroxide across different industry verticals represents one of the key factors driving the market in the United States. The increasing reliance of the chemical industry on hydrogen peroxide as an oxidizing agent for various chemical reactions is contributing to the market growth. Additionally, the healthcare industry is extensively using hydrogen peroxide for its disinfectant properties, making it an essential component in formulating numerous healthcare products. Apart from this, the increasing focus on environmental sustainability and the demand for eco-friendly alternatives is strengthening the growth of the market in the country. Hydrogen peroxide is considered an environmentally friendly chemical as it decomposes into water and oxygen, leaving no harmful residues or by-products. The growing adoption of hydrogen peroxide as a sustainable alternative is driving its demand in the US. Furthermore, advancements in manufacturing technologies and processes are favoring the market growth. Manufacturers operating in the country are investing in research and development (R&D) activities to enhance the efficiency and quality of hydrogen peroxide production. These advancements result in higher purity levels, improved stability, and customized formulations, expanding the range of applications further in different industries. Looking forward, the market value is projected to reach US$ 1,542.1 Million by 2032, expanding at a CAGR of 3.4% during 2024-2032.

Market Summary:

  • On the basis of application, the market has been segmented into chemical synthesis, bleaching, disinfectant, cleaning and etching, and others. Chemical synthesis currently holds the largest market share.
  • Based on 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. At present, pulp and paper represent the largest market segment.
  • Region-wise, the market has been segregated into Northeast, Midwest, South, and West.
  • The competitive landscape of the market has also been examined, along with some of the key players operating in the industry.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Million
Segment Coverage Application, End Use, Region
Region Covered Northeast, Midwest, South, West
Customization Scope 10% Free Customization
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United States Hydrogen Peroxide Market to Reach US$ 1,542.1 Million by 2032, Stimulated by Increasing Application in Healthcare Products
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