The global hydrogen peroxide market reached a value of US$ 4.2 Billion in 2018. The market value is further projected to reach US$ 5.6 Billion by 2024, exhibiting a CAGR of 4.9% during 2019-2024. 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.
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