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The global hydrogen peroxide market reached a value of US$ 2.94 Billion in 2020. The market is further expected to witness moderate growth during 2021-2026. It occurs as a pale blue, clear liquid in its pure form and is slightly more viscous than water. Apart from this, hydrogen peroxide is unstable in nature due to which it is usually stored in a weak acidic solution with a stabiliser. It has strong oxidizing properties that makes it a powerful bleaching agent that is largely used for bleaching paper, but has also found applications as a disinfectant and as an oxidizer. Hydrogen peroxide in the form of carbamide peroxide also has applications for tooth whitening, both in professionally- and in self-administered products.
Environmental laws and regulations play a vital role in propelling the market growth owing to the emission-free and eco-friendly properties of hydrogen peroxide. This has contributed to the rising preference among consumers to use this chemical for several water treatment and pollution control applications. In addition to this, hydrogen peroxide is utilised in a wide range of end-use industries such as chemical, electronics, paper and pulp, mining, etc. Its demand has also been increasing in bleach products for the purpose of removing chlorine compounds through bleaching processes. Moreover, the cost-effective nature of hydrogen peroxide and rising demand for recycled paper have also positively influenced this market.
This report provides a deep insight into the global hydrogen peroxide market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the hydrogen peroxide market in any manner.
The global hydrogen peroxide market reached a value of US$ 2.94 Billion in 2020.
The market experienced a negative impact on account of the sudden outbreak of the COVID-19 pandemic, in early 2020, due to supply chain disruptions and numerous trade restrictions.
According to the estimates by IMARC Group, the global hydrogen peroxide market will exhibit moderate growth during the next five years.
The growing demand for hydrogen peroxide in the paper and pulp industry as a bleaching agent and in the manufacturing of chemical, mechanical, and recyclable pulps, represents one of the key factors impelling the global hydrogen peroxide market growth.
The escalating demand for propylene oxide (a primary component in hydrogen peroxide) across the automotive, construction, and food and beverage industries is one of the key trends in the global hydrogen peroxide market.
On the basis of the application, the market has been bifurcated into chemical synthesis, bleaching, disinfectant, cleaning and etching, and others, where chemical synthesis accounts for the largest market share.
On the basis of the end-use, the market has been bifurcated into pulp and paper, food and beverages, water treatment, textiles and laundry, oil and gas, healthcare, electronics, and others. In this segment, pulp and paper industry dominates the global market.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific holds the largest market share.
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