Market Size of Hydrogen Peroxide Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 3.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Hydrogen Peroxide Market Analysis
The hydrogen peroxide market is projected to register a CAGR of over 3% during the forecast period.
Due to the impact of COVID-19, the hydrogen peroxide market was negatively impacted because of nationwide lockdowns, social distancing mandates, etc., which caused supply chain disruptions. But in the post-pandemic period, with the government's support, the market recovered significantly and is expected to reach pre-pandemic levels in the forecast period.
- Rising demand from the paper and pulp industry and increasing consumption of hydrogen peroxide as raw material for propylene oxide production (HPPO Process) are expected to drive market growth.
- Health hazards and side effects associated with exposure to hydrogen peroxide are likely to hinder the market's growth.
- The growth of the electronic industry in developing Asian countries and the usage of hydrogen peroxide in water treatment will likely increase the demand for the market studied.
- The Asia-Pacific region is expected to dominate the market and will also witness the highest CAGR during the forecast period.
