The Asia-Pacific hydrogen peroxide market is estimated to reach 2.95 million tons by the end of this year and is projected to reach 3.64 million tons in the next five years, registering a CAGR of 4.27% during the forecast period.
The market was negatively impacted by COVID-19 as it affected economies and industries in various countries of the Asia-Pacific region due to repetitive government-imposed lockdowns, travel restrictions, supply chain breaks, and abrupt business shutdowns. However, with the spread of coronavirus, hydrogen peroxide is extensively being utilized for manufacturing sanitizers and hygiene products. Currently, the market has recovered from the pandemic and is growing at a significant rate.
The Asia-Pacific hydrogen peroxide market is consolidated in nature. The major players (not in any particular order) include Arkema, Evonik Industries AG, MITSUBISHI GAS CHEMICAL COMPANY, INC, National Peroxide Limited, and Solvay among others.
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