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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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