The hydrogen peroxide market is expected to reach US$ 5.38 Billion by 2032.
The hydrogen peroxide market is expected grow at a CAGR of 5.5% between 2023 to 2032.
The hydrogen peroxide market was estimated to be US$ 3.15 Billion in 2022.
The need for effective and environmentally friendly wastewater treatment solutions drives the demand for hydrogen peroxide in the global market.
Wide range of industrial applications and the demand from diverse sectors contribute to the industrial grade segment being the largest in the global hydrogen peroxide market.
Europe is a mature and well-established market for hydrogen peroxide. The growing focus on eco-friendly solutions and increasing investments in research and development for innovative hydrogen peroxide applications further propel the market in the region.
Akzo Nobel N.V. (Netherlands), Arkema Group (France), BASF SE (Germany), Dow Chemical Company (United States), Evonik Industries AG (Germany), Gujarat Alkalies and Chemicals Limited (India), Kemira Oyj (Finland), Mitsubishi Gas Chemical Company, Inc. (Japan), National Peroxide Limited (India), OCI Company Ltd. (South Korea), PeroxyChem LLC (United States), Solvay SA (Belgium), SPOLCHEMIE (Czech Republic), S.P.C.K. Chemicals Pvt. Ltd. (India), Tianjin Xinyuan Chemical Co., Ltd. (China) among others, are the major players in this market.
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