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Hydrogen Peroxide Market Trends

Report ID: GMI851
Published Date: Aug 2024
Report Format: PDF

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Hydrogen Peroxide Market Trends

Hydrogen peroxide's industry is witnessing a notable shift towards eco-friendly applications, spurred by both tightening environmental regulations and a more conscientious consumer base. Notably, its demand in wastewater treatment is on the rise, attributed to its efficacy in advanced oxidation processes (AOP) for contaminant removal. Technological advancements, exemplified by the anthraquinone process, are not only bolstering production efficiency but also curtailing environmental footprints. Moreover, the electronics sector is amplifying its uptake of hydrogen peroxide, notably in the cleaning of semiconductor wafers. These trends underscore hydrogen peroxide's versatility and pivotal role across diverse sectors, underpinning its market expansion.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Hydrogen peroxide market size was USD 5.2 billion in 2023 and is expected to register 6% CAGR from 2024-2032 owing to its extensive use as a disinfectant and bleaching agent in various industries worldwide.

Hydrogen peroxide industry from the bleaching segment is expected to register a 6.1% CAGR from 2024-2032 due to its extensive use in the pulp and paper industry, where it is a crucial component for bleaching processes.

Asia Pacific hydrogen peroxide industry is expected to register 6.3% CAGR from 2024-2032 due to rapid industrialization and urbanization in countries including India and Indonesia in the region.

Arkema S.A., Mitsubishi Gas Chemical Company Inc., Kemira Oyj, Merck, Tokyo Chemical Industries, Taekwang Industrial Co., Ltd., Thai Peroxide Ltd, Hansol Chemical Co. Ltd., OCI COMPANY Ltd., Nouryon, and Indian Peroxide Ltd., are some of the major hydrogen peroxide companies worldwide.