Authored By: Sarah
17 Dec 2023

Hydrogen Peroxide Market 2023-2027: Akzo Nobel NV, Arkema Group, and BASF SE are among the Major Market Pioneers

Hydrogen peroxide is a versatile specialty chemical, serving as a bleaching agent, disinfectant, and oxidizing agent in diverse applications. From chemical manufacturing to eco-friendly environmental processes, it plays a crucial role. Widely used in industrial and specialty chemicals, it aids in efficient wastewater purification, and textile and pulp bleaching, and serves the paper and pharmaceutical industries. Its diverse utility underscores its broad impact across multiple sectors.

Between 2023 and 2027, the size of the global hydrogen peroxide market is projected to increase at a CAGR of 5%. It is anticipated that the market will grow by USD 518.87 million. 

Hydrogen Peroxide Market

Hydrogen Peroxide Market

When it comes to the market trends the escalating demand for food production, driven by rapid population growth, propels the agrochemical sector, becoming a pivotal factor in driving hydrogen peroxide market growth. Additionally, the adoption of integrated pest management (IPM) techniques, concerns over decreasing arable land availability, and the global population surge are further fueling agrochemical industry expansion. Hydrogen peroxide, known for its minimal soil impact, is anticipated to witness increased demand in response to these factors, driving its market share growth in the forecast period.

Hydrogen Peroxide Market: Market Dynamics

The agrochemical sector's rapid growth, driven by soaring food demand amidst population expansion, serves as a pivotal catalyst for the hydrogen peroxide market. Integrated pest management (IPM) adoption, land scarcity concerns, and the global population surge further fuel this growth. Anticipated increased demand for hydrogen peroxide, known for its minimal soil impact, is projected to escalate market share growth.

Key Players in the Hydrogen Peroxide Market

The pulp and paper industry's demand drives hydrogen peroxide market growth, albeit stringent regulations pose a significant challenge. Our comprehensive report examines these drivers and more, aiding clients in post-pandemic recovery and future growth preparation.

Key Hydrogen Peroxide Market Players and their Offerings 

  • Akzo Nobel.NV: Offers hydrogen peroxide production under its chemical business.
  • Arkema Group: Provides hydrogen peroxide for electronics, food, cleaning, and disinfectants.
  • BASF SE: Offers hydrogen peroxide as adsorbents such as DD-6, DD-PG, and DD-PGS.

Market player growth depends on market conditions, government support, and industry advancements. Distinguishing product offerings is essential in this competitive landscape. Our research report provides insights into key market players, their product portfolios, upcoming developments, and growth opportunities. Access the Free PDF Sample Report for deeper insights.

Hydrogen Peroxide Market: Key Highlights of the Report for 2023-2027

  • CAGR of the market during the forecast period 2023-2027
  • Detailed information on factors that will drive hydrogen peroxide market growth during the next five years
  • Precise estimation of the hydrogen peroxide market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the hydrogen peroxide market industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of hydrogen peroxide market players
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