The Hydrogen Peroxide Global Market Report 2023 by The Business Research Company, provides hydrogen peroxide market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Hydrogen Peroxide Global Market Report 2023, the global hydrogen peroxide market size grew from $3.07 billion in 2022 to $3.24 billion in 2023 at a compound annual growth rate (CAGR) of 5.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The hydrogen peroxide market size is expected to grow to $4.05 billion in 2027 at a CAGR of 5.7%.
The increasing demand for environmental-friendly solutions is driving the hydrogen peroxide market growth. Hydrogen Peroxide when mixed with other chemicals acts as a disinfectant and can be used to clean hospitals and houses. It is also cost-effective and can be recycled over and over again making it an environmentally friendly solution.
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The hydrogen peroxide market is segmented:
1) By Function: Bleaching, Oxidizing, Sterilizing/Disinfecting, Propulsion, Other Functions
2) By Grade: Standard, Chemical, Cosmetic, Aseptic, Food, Semiconductor
3) By End-Use Industry: Pulp And Paper, Chemical Synthesis, Healthcare And Personal Care, Food Processing, Textile, Water And Wastewater Treatment, Electronics And Semiconductor, Other End-Users
Increasing adoption of H2O2 in food and electronic application are shaping the hydrogen peroxide market. Hydrogen peroxide (H2O2) is a colorless, odorless, and slightly acidic liquid used mainly as an oxidant in chemical synthesis, and this chemical is used in a wide range of products including cleaning, personnel care, semiconductor industry, printed circuit boards etching, and others. For instance, in March 2021 Solvay, a supplier of high purity hydrogen peroxide to the European semiconductor market built a new Electronic Grade production facility to produce high purity H2O2. Hydrogen peroxide of high purity is used in the production of semiconductor chips. It meets the quality and volume needs of the semiconductor industry now and in the future. Solvay’s client population has successfully qualified the product from the new line.
The hydrogen peroxide market report table of contents includes:
- Executive Summary
- Market Characteristics
- Market Trends And Strategies
- Impact Of COVID-19
- Market Size And Growth
- Segmentation
- Regional And Country Analysis
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- Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
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