Hydrogen peroxide is the simplest peroxide of non-polluting nature – used as an oxidizing agent, bleaching agent, and disinfectant. The appearance of hydrogen peroxide is pale blue, clear liquid that is slightly viscous than water.
Rising demand for hydrogen peroxide from paper & pulp industries is a major factor expected to drive growth of the global hydrogen peroxide market over the forecast period. In addition, growing demand for hydrogen peroxide, owing to increasing use in pharmaceutical and personal care products is another factor expected to fuel growth of the target market over the forecast period globally.
However, mishandling of the hydrogen peroxide can poses health hazards in individuals, which is a factor expected to limit growth of the global hydrogen peroxide market over the forecast period.
The global hydrogen peroxide market has been segmented on the basis of function, process, end user, and region. On the basis of function, the global is segmented into oxidizing, bleaching, sterilizing, and propulsion. On the basis of process, the target market is segmented into simple hydrogen peroxide, catalytic hydrogen peroxide, solution catalysis, packed column catalysis, advanced oxidation processes. On the basis of end user industries global hydrogen peroxide market is segmented into paper and pulp, chemicals, wastewater treatment, mining, and others.
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Based upon region, global hydrogen peroxide market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific is estimated to be highest share in terms of revenue, increasing production and consumption of hydrogen peroxide in various industries in the region, followed by North America and Europe. Latin America and Middle East & Africa is expected to register moderate growth in terms of revenue, owing to increasing consumption of hydrogen peroxide in the region over the forecast period.
Key players operating in the global hydrogen peroxide market include Akzonobel N.V., Arkema SA, Solvay SA, Evonik Industries AG, Kemira OYJ, Merck Group, MITSUBISHI GAS CHEMICAL COMPANY, INC., National Peroxide Limited, OCI Chemical Corporation, TAEKWANG INDUSTRIAL CO., LTD., and The Dow Chemical Company.