According to the latest report by IMARC Group, titled “Asia Pacific Hydrogen Peroxide Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the hydrogen peroxide market size in Asia Pacific reached a strong growth in 2019. Hydrogen peroxide (H2O2) is an unstable chemical compound that is used as an antiseptic, bleaching, and oxidizing agent. It is an aqueous colorless solution that is slightly more viscous than water. Hydrogen peroxide is extremely reactive and stored in a weak acidic solution with a stabilizer. In the Asia Pacific region, it is extensively used in water treatment applications based on the increasing water pollution levels.
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The expanding pulp and paper sector, along with the increasing demand for recycled paper in the region is currently propelling the market for hydrogen peroxide. The growing end-user industries of hydrogen peroxide, such as chemical, pharmaceutical, personal care and cosmetics, electronics, and agriculture, are also catalyzing the product demand in the region. Furthermore, the sudden outbreak of COVID-19 in the Asia Pacific region is currently augmenting the utilization of hydrogen peroxide in manufacturing disinfectant liquids, sanitizers, and other hygiene-based products, due to its antimicrobial properties.
Breakup by Application:
- Chemical Synthesis
- Bleaching
- Disinfectant
- Cleaning and Etching
- Others
- Pulp and Paper
- Food and Beverages
- Water Treatment
- Textiles and Laundry
- Oil and Gas
- Healthcare
- Electronics
- Others
- EkO Peroxide LLC (aquired by AkzoNobel)
- Mitsubishi Gas Chemical Company
- PeroxyChem LLC
- Aditya Birla Chemicals Limited
- Kingboard Chemical Holdings Ltd
- BASF SE
- Merck
- Chang Chun Petrochemical
- Other