Report ID: SQMIG15A2116
Hydrogen Peroxide Market Size, Share, Growth Analysis, By Grade(90% H2o2, 35% H2o2, 6-10% H2o2, and 3% H2o2), By Application(Chemical Synthesis, Disinfectant, Bleaching, Cleaning & Etching), By Industry(Pulp & Paper, Food & Beverage, Textile, Oil & Gas), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2116 |
Region:
Global |
Published Date: July, 2024
Pages:
184
|
Tables:
122 |
Figures:
77
Hydrogen Peroxide Market Regional Insights
Asia Pacific held the largest market share of 42% in 2023 and is likely to continue the same position during the forecast period. This is attributed to a rise in the application base in the pharmaceuticals and chemical formulators industries, combined with personal care products in this region. China, India, Thailand, South Korea, and Japan have emerged as key hubs for multinational firms operating in numerous industries to expand their business operations in the country due to their lower land prices, greater trade balance, and access to trained workforce.
The growing demand for a variety of personal hygiene products in the market has led to an increase in the use of hydrogen peroxide in Europe. The product's increasing demand in this application is largely due to its antibacterial and oxidizing properties. Cosmetics and personal care products, such as hair care formulas and skincare creams and lotions, have grown in popularity in the UK, France, Italy, Germany, and Spain. This is primarily because cosmetic companies are entering these countries more frequently to gain market share.
Hydrogen Peroxide Market Report Snapshots
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