(MENAFN- EIN Presswire)
Hydrogen Peroxide Market
Hydrogen Peroxide is a chemical compound. When combined with oxygen, hydrogen peroxide produces a compound that has many benefits.
SEATTLE, WA, UNITED STATES , December 31, 2021 /EINPresswire.com / -- market Overview
Hydrogen Peroxide Market is a chemical compound. When combined with oxygen, hydrogen peroxide produces a compound that has many benefits. It is used as a natural bleaching agent and in some cosmetic formulations to lighten skin. Among the most common risks of hydrogen peroxide are its toxicity and flammability. It is a combustible chemical, which can cause severe burns. While it is generally safe to use hydrogen peroxide in small quantities, a higher concentration can cause damage to human health and the environment.
Buy-Now this Report and get up to 80% DISCOUNT :
Competitive Landscape:
Key companies covered as a part of this study include Arkema S.A., Evonik Industries A.G., Solvay S.A., Mitsubishi Gas Chemical Company, Inc., Kemira Oyj, Thai Peroxide Limited (TPL), Taekwang Industrial Co., Ltd., PeroxyChem LLC, Hansol Chemical, and Nouryon among others
Market Dynamics
Increasing demand from the healthcare industry due to its antiseptic and disinfectant properties is expected to boost the global hydrogen peroxide market growth over the forecast period. Hydrogen peroxide possesses different applications with antiseptic properties being the prominent feature. Furthermore, hydrogen peroxide is used to disinfect tools, bleach hair, and clean surfaces. For instance, in July 2020, Lysol received the U.S. Environmental Protection Agency (EPA) approval for its Lysol Disinfectant Spray and Lysol Disinfectant Max Cover Mist that have proven to be effective against SARS-CoV-2.
Buy Now and Get Instant Discount of Premium Report :
Impact of COVID-19
The global hydrogen peroxide market witnessed significant growth, unlike other industries, during the COVID-19 pandemic. Since the novel coronavirus can spread through contact, various objects such as door handles, doorknobs, staircase railings, floors, and windows became the most prominent way of the virus transmission. As a result of this, disinfecting these surfaces become essential in healthcare settings, households, and commercial places. This, in turn, led to high demand for hydrogen peroxide worldwide.
Request For Sample Copy :
Key Takeaways
The global hydrogen peroxide market is expected to exhibit a robust CAGR of 3.4% over the forecast period. This is owing to increasing demand from the pulp and paper industry as hydrogen peroxide in delignification and bleaching of cellulose.
Among regions, Asia Pacific is expected to witness significant growth in the global hydrogen peroxide market during the forecast period. This is owing to increasing demand for chemical formulators, personal care products, etc. across emerging economies such as India, China, South Korea, and Japan.
North America is expected to register strong growth, owing to increasing demand for wastewater treatment across the U.S.
Key companies involved in the global hydrogen peroxide market are Arkema, BASF SE, Chang Chun Group, Dow, Evonik Industries AG, Merck KGaA, PeroxyChem, Solvay, and Mitsubishi Gas Chemical Company Inc.
About Coherent Market Insights:
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
Mr. Shah
Coherent Market Insights Pvt. Ltd.
+ +1 206-701-6702
email us here
Visit us on social media:
Facebook
Twitter
LinkedIn
Other
MENAFN31122021003118003196ID1103468206
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.