Hydrogen Peroxide Market Size to Reach USD 5240.8 Million by 2028 at a CAGR of 3.2% | Valuates Reports

BANGALORE, India, July 7, 2022 /PRNewswire/ -- The Global Hydrogen Peroxide Market is Segmented by Type (Purity 27.5%, Purity 35%, Purity 50%), by Application (Electronics Industry, Paper Industry, Textile Industry, Chemical Industry): Opportunity Analysis and Industry Forecast, 2022–2028. It is published in Valuates Reports under the Chemicals Industry.

Due to the COVID-19 pandemic, the global Hydrogen Peroxide market size is estimated to be worth USD 4338.3 Million in 2022 and is forecast to a readjusted size of USD 5240.8 Million by 2028 with a CAGR of 3.2% during the forecast period 2022-2028.

Major factors driving the growth of the Hydrogen Peroxide market are:

The hydrogen peroxide market is anticipated to increase as hydrogen peroxide is being used in numerous end-user industries, including paper, industry, textiles, electronics, chemical, and water treatment.

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TRENDS INFLUENCING THE GROWTH OF HYDROGEN PEROXIDE MARKET

The increasing application of Hydrogen Peroxide in the paper industry is expected to drive growth. Industrial hydrogen peroxide is used in pulp and paper bleaching to boost brightness levels, improve brightness stability, and lower manufacturing costs. Due to the utilization of hydrogen peroxide, harmful halogenated chemicals and effluents contained in the pulp are reduced to a minimum. The effluent's hue is also lightened in addition. Globally, the paper industry is recycling more waste paper due to cost savings in wood, water, and energy as well as environmental protection.

Hydrogen peroxide is used in the chemical industry to create peroxide compounds such as sodium perborate, sodium percarbonate, and percarboxylic acid. This in turn is expected to drive the growth of the Hydrogen Peroxide market. Hydrogen peroxide is a chemical that is utilized in the study of organic chemistry. It is employed in epoxidation, oxidation, and polymerization processes. Additionally, it is employed in the manufacture of semiconductor chips in ultra-pure form and as a chemical for cleaning and etching. 

Widespread use of H2O2 in the textile industry is expected to further fuel the hydrogen peroxide market growth. Hydrogen peroxide (H2O2) is the most commonly used bleaching agent for textiles. Cotton fabric manufacturing frequently uses the hot hydrogen peroxide (H2O2) solution textile bleaching procedure. Before dying or shape-matching can be done, the cotton must first undergo the bleaching procedure to turn it permanently white.

Hydrogen peroxide is the most widely used wet chemical in the semiconductor industry, with long-standing uses in the etching of printed circuit boards and more recent uses of ultra-high purity grades in semiconductor fabrication. Printed circuit boards can be etched using special grades of hydrogen peroxide, frequently in conjunction with sulphuric acid. Additionally, cupric chloride etching baths are regenerated using hydrogen peroxide. Hydrogen peroxide of high purity is a crucial ingredient in the manufacture of semiconductor devices. These factors are in turn expected to drive the growth of the Hydrogen peroxide market.

Furthermore, Hydrogen peroxide works as a high-level disinfectant. It reacts very quickly, disintegrating into hydrogen and water without leaving any by-products. This process increases the amount of oxygen in the water. The free oxygen radicals then decompose the pollution, leaving only water. The free oxygen radicals then decompose the pollution, leaving only water. These free radicals will both oxidize and disinfect, and hydrogen peroxide eliminates proteins through oxidation. It is used to disinfect drinking water due to its high oxidative and biocidal efficiency.

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HYDROGEN PEROXIDE MARKET ANALYSIS

With a market share of over 50%, Asia-Pacific is the largest region, followed by Europe and North America, both of which held a market share of over 40%.

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TOP COMPANIES IN THE HYDROGEN PEROXIDE MARKET

Some of the major companies in the hydrogen peroxide market include Solvay, Evonik, Arkema, Peroxy Chem, Akzo Nobel, etc. The top 5 producers worldwide control around 45% of the market.

Other Companies

• Kemira
• MGC
• OCI Chem
• NPL
• Zhongneng Chemical
• Luxi Chemical
• Liuzhou Chemical Group
• Jinhe shiye
• Jincheng Anthracite Jinshi Chemical
• HEC
• Shandong Yangmeihengtong Chemical
• Kingboard Chemical
• Guangdong Zhongcheng Chemical
• Jinke Chemical.

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SIMILAR REPORTS:

-  In 2020, the global Electronic Grade Hydrogen Peroxide market size was USD 355 Million and it is expected to reach USD 701.8 Million by the end of 2027, with a CAGR of 10.2% during 2021-2027.

-  Due to the COVID-19 pandemic, the global Industrial Hydrogen Peroxide market size is estimated to be worth USD 3469.2 Million in 2022 and is forecast to a readjusted size of USD 4606.7 Million by 2028 with a CAGR of 4.8% during the review period.

-  In 2020, the global Hydrogen Peroxide Chemical Indicator market size was USD 32 Million and it is expected to reach USD 43 Million by the end of 2027, with a CAGR of 4.7% during 2021-2027.

-  The global Water Treatment Chemicals market size is projected to reach USD 155600 Million by 2027, from USD 135750 Million in 2020, at a CAGR of 2.3% during 2021-2027.

-  In 2020, the global Hand Hygiene Compliance Monitoring Systems market size was USD 94 Million and it is expected to reach USD 163.4 Million by the end of 2027, with a CAGR of 8.4% during 2021-2027.

-  Global Antiseptic and Disinfectant market size is about 46 Billion in 2021, growing at a CAGR of 6.3%.

-  The global UV disinfection equipment market was valued at USD 1.3 Billion in 2019 and is projected to reach USD 5.7 Billion by 2027, growing at a CAGR of 17.1% from 2020 to 2027.

-  The global Surface Disinfectant market was valued at USD 729.5 Million in 2020 and it is expected to reach USD 1215.5 Million by the end of 2027, growing at a CAGR of 7.2% during 2021-2027.

-  The cleanroom consumables market was valued at USD 3688.38 million in 2020, and it is anticipated to reach USD 6658.35 million by 2030, registering a CAGR of about 5.40% during the forecast period (2021 to 2030).

-  The global Surfactants market size is projected to reach USD 38320 Million by 2027, from USD 31910 Million in 2020, at a CAGR of 3.1% during 2021-2027.

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-  The global UV Disinfection Market size is about 1900 Million USD and the CAGR will be 12% in next few years.

-  Due to the COVID-19 pandemic, the global Vitamin E market size is estimated to be worth USD 669.7 Million in 2022 and is forecast to be a readjusted size of USD 882.2 Million by 2028 with a CAGR of 4.7% during the review period.

-  The global Peracetic Acid Market size is projected to reach USD 603 Million by 2027, from USD 469.31 Million in 2020, at a CAGR of 5.24% during 2021-2027.

-  The global Phenol market size is projected to reach USD 22250 Million by 2027, from USD 17380 Million in 2020, at a CAGR of 4.2% during 2021-2027.

-  The global Ethylbenzene market size is estimated to be worth US$ 19320 million in 2022 and is forecast to be a readjusted size of US$ 23620 million by 2028 with a CAGR of 3.4% during the review period.

-  The global Medical Supplies market size is projected to reach USD 329030 Million by 2028, from USD 202430 Million in 2021, at a CAGR of 7.1% during 2022-2028.

-  The global Disposable Medical Supplies market size is projected to reach USD 314410 Million by 2028, from USD 224050 Million in 2021, at a CAGR of 4.9% during 2022-2028.

-  The global Simethicone market size is estimated to be worth USD 30 million in 2022 and is forecast to a readjusted size of USD 33 million by 2028 with a CAGR of 1.4% during the review period.

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-  The global personal hygiene market was valued at USD 508.5 Billion in 2020 and is projected to reach USD 720.7 Billion by 2030 registering a CAGR of 3.6% from 2021 to 2030.

-  The global Feminine Hygiene Products market size is projected to reach USD 41860 Million by 2027, from USD 31960 Million in 2020, at a CAGR of 4.6% during 2021-2027.

-  The global Wound Care market size is projected to reach USD 30970 Million by 2028, from USD 19430 Million in 2021, at a CAGR of 6.8% during 2022-2028.

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