According to the latest report by IMARC Group, titled “Indian Hydrogen Peroxide Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the hydrogen peroxide market size in India reached a strong growth in 2019. Hydrogen peroxide (H2O2) refers to a transparent, pale-blue chemical compound that includes hydrogen and water. It is found naturally in biological systems and is a vital component of living cells. Hydrogen peroxide is primarily used as an oxidizing agent due to its low molecular weight. In India, it is widely adopted in the form of carbamide peroxide in numerous personal care products. Hydrogen peroxide also finds extensive applications in the pulp and paper, textile, water treatment, food and beverage industries.
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The India hydrogen peroxide market is primarily catalyzed by the large-scale utilization of hydrogen peroxide in the pulp and paper industry as a bleaching agent and in the food processing industry as a disinfectant. The adoption of greener technologies in the paper manufacturing process has further augmented the demand for hydrogen peroxide in India. Furthermore, numerous eco-friendly benefits of hydrogen peroxide have increased its utilization in water treatment and pollution control applications, over other conventional chemicals. Moreover, the sudden outbreak of COVID-19 in India has propelled the demand for hydrogen peroxide in producing disinfectant liquids and sanitizers, based on its anti-bacterial properties. On account of these factors, the market is expected to continue its moderate growth during the forecast period (2020-2025).
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
- Aditya Birla Chemicals Limited
- Kingboard Chemical Holdings Ltd
- BASF SE
- Merck
- Chang Chun Petrochemical
- Oyj
- FMC Corporation
- EkO Peroxide LLC (aquired by AkzoNobel)
- Others