Asia-Pacific Hydrogen Peroxide Market Growth, Size, Trends Analysis - By Application, By End User - Regional Outlook, Competitive Strategies and Segment Forecast to 2033
Asia Pacific Hydrogen Peroxide Market Introduction and Overview
SPER Market Research indicates that the Asia Pacific Hydrogen Peroxide Market Size – By Application, By End Use – Regional Outlook, Competitive Strategies and Segment Forecast to 2033 report estimates the market will reach USD 4.97 billion by 2033, growing at a compound annual growth rate (CAGR) of 5.65%.
Hydrogen peroxide (H2O2) is a pale blue, clear liquid with somewhat higher viscosity than water. It is unstable in nature and should be kept in a weak acidic solution with a stabiliser. Hydrogen peroxide is highly effective against numerous types of microorganisms, including viruses, bacteria, fungi, yeast, and spores. As a result, it is widely used in the Asia Pacific region to clean tools such as toothbrushes and avoid excessive microbial growth in water systems and cooling towers.
COVID-19 had a negative impact on the market because it caused supply chain disruptions, unanticipated corporate shutdowns, travel restrictions, and recurrent government-imposed lockdowns that hurt businesses and economies in a number of Asian-Pacific nations. But as coronaviruses have grown, hydrogen peroxide is being used more and more to make sanitisers and other hygiene products.
Scope of the Report:Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Application. By End Use
Regions covered Australia, China, India, Japan, South Korea, Rest of Asia-Pacific.
Companies Covered Aditya Birla Chemicals, AkzoNobel N.V, Arkema, Avantor, Inc, Chang Chun Group, Chemplast Sanmar Limited, Evonik Industries AG, Gujarat Alkalies and Chemical Limited, Hodogaya Chemical Co., Ltd, Indian Peroxide Limited, Kemira, Meghmani Finechem Limited (MFL).
Asia Pacific Hydrogen Peroxide Market Segmentation:
By Application: Based on the Application, Asia Pacific Hydrogen Peroxide Market is segmented as; Chemical Synthesis, Bleaching, Disinfectant, Cleaning and Etching, and Others.
By End Use: Based on the End Use, Asia Pacific Hydrogen Peroxide Market is segmented as; Pulp and Paper, Food and Beverages, Water Treatment, Textiles and Laundry, Oil and Gas, Healthcare, Electronics, and Others.
By Region: This research also includes data for Australia, China, India, Japan, South Korea and Rest of Asia-Pacific.