The “Global Hydrogen Peroxide Market: Plant Capacity, Production, Demand & Supply, Concentration, Grade, End Use, Sales Channel, Competition, Trade, Customer & Price Intelligence Market Analysis, 2030” report has been added to ResearchAndMarkets.com's offering. Demand for hydrogen peroxide firmed up during 2013-2019 and the demand is likely to grow at a CAGR of 5.1% during the forecast period. The paper and pulp industry accounted for the highest market share owing to the application of hydrogen peroxide as a strong bleaching agent and for recycling applications. Paper consumption has been increasing steadily over the last few years and hydrogen peroxide, being an environment-friendly emission-free product finds wide application in paper processing and waste treatment in the industry. Other major applications of the product contributing to the impressive CAGR of the product include an all-time increase in demand for disinfectants as a result of the COVID-19 pandemic. Hydrogen peroxide is a key ingredient in hand sanitizers whose demand has increased globally. Even at low concentration, hydrogen peroxide acts as an effective antibacterial agent, therefore finding wide application in healthcare and cosmetics industries. In the healthcare industry, the product is used extensively as a wound disinfectant, for the sterilization of medical equipment and as a decontaminant. The Asia-Pacific region has been the hotspot for hydrogen peroxide demand during the years considered in the report and this trend is likely to continue through the forecast period. North America and Europe were not too far behind in generating volume demand for the product and this opportunity has been well capitalized by players such as Solvay SA, Evonik Industries SA, The Dow Chemical Company etc who have gone for acquisitions and newer models of partnerships to develop its process technologies.
Original Source: Research and Markets, 2020. Found on GlobeNewswire, 25 May 2020 (Website: http://www.globenewswire.com).