The global hydrogen peroxide market size is expected to be worth around US$5.30 billion by 2030, according to a new report by Vision Research Reports.
The global hydrogen peroxide market size was valued at US$ 2.40 billion in 2020 and is anticipated to grow at a CAGR of 7.7% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | USD 5.30 billion by 2030 |
| Growth Rate | CAGR of 7.7% From 2021 to 2030 |
| Base Year | 2021 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Function, Application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Evonik Industries; Arkema; Solvay; Gujarat Alkalies & Chemicals Ltd.; OCI Company Ltd. |
Growth Factors
Rising demand for the product from the global healthcare sector to formulate sanitizers and other disinfectant products is projected to remain the key factor driving the industry.
One of the key factors behind the increasing consumption of the product in the healthcare sector across the globe is the recent outbreak of coronavirus. Demand for and multiple indoor as well as outdoor disinfectant products, such as floor cleaners and metal disinfectant goods, has quadrupled across all major economies as well as in emerging economies of the world. According to governments worldwide, cleaning of the public spaces, such as public restrooms, airports, bus and metro stations, and commercial spaces, has been made mandatory to curb the spread of the virus. This has led to surge in the consumption of hydrogen peroxide in the industry globally due to its excellent disinfecting properties.
Key Players
Market Segmentation
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