The North American hydrogen peroxide market is estimated to reach 900 kilotons by the end of this year and is projected to reach 1080 kilotons in the next five years, registering a CAGR of 3.74% during the forecast period.
The market was negatively impacted by the COVID-19 pandemic because of nationwide lockdowns and social distancing mandates, which caused supply chain disruptions. However, the demand remained intact primarily due to the need for sanitization and the growing use of chemicals in pharmaceutical and healthcare facilities. Currently, the market has recovered from the negative impacts of the COVID-19 pandemic and is growing at a significant rate.
The North American hydrogen peroxide market is consolidated in nature. The major players (not in any particular order) include Arkema, Evonik Industries AG, FMC Corporation, Chang Chun Group, and Solvay, among others.
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