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According to the latest report by IMARC Group, titled “Hydrogen Peroxide Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global hydrogen peroxide market size reached a value of US$ 2.94 Billion in 2020. Looking forward, IMARC Group expects the market is further expected to witness moderate growth during 2021-2026. Hydrogen peroxide refers to a chemical compound that occurs as a pale blue, clear liquid in its pure form. Comprising of hydrogen and water, the compound is unstable in nature as it decomposes to oxygen and water in an exothermic reaction. Since it can cause combustion when it comes in contact with organic materials, it is stored in a weak acidic solution along with a stabilizer. It is widely used as an antiseptic to heal the infection caused by burns or minor cuts. It also has strong oxidizing properties owing to which it is used as a bleaching agent in the paper and pulp industry. Apart from this, it also used for deodorizing and removing stains from clothes. Apart from this, it is employed across a vast array of industries in various products, including ear drops, toothpaste, hair relaxers and antiseptic mouthwash.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic.
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Global Hydrogen Peroxide Market Trends:
The market is primarily driven by the escalating demand from the paper and pulp industry. Hydrogen peroxide is widely used in the industry as a bleaching agent and in the manufacturing of chemical, mechanical and recyclable pulps. The increasing demand for high-quality, as well as recycled paper from the print media and e-commerce sites for packaging purposes, is creating a positive outlook for the market. Apart from this, there is an increasing demand for this compound from the agricultural sector for improving the crop yield. Additionally, governments of various countries are implementing stringent regulations to promote the use of hydrogen peroxide due to its eco-friendly and emission-free properties. This has led to the increasing usage of this compound for water treatment and pollution control applications, which is projected to facilitate the market growth. Hydrogen peroxide also forms a primary component in the Hydrogen Peroxide to Propylene Oxide (HPPO) technology to manufacture propylene oxide sustainably. The escalating demand for propylene oxide from the automotive, construction, and food and beverage industries is therefore expected to provide an impetus to the market growth.
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Key Market Segmentation:
Competitive Landscape with Key Player:
Market Breakup by Application:
Market Breakup by End-Use:
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Key Highlights of the Report:
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Email: [email protected]
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-080
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