The Asia Pacific Hydrogen Peroxide Market would witness market growth of 5.4% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 1,537.07 kilo tonnes, showcasing a growth of 4.8% (2019-2022).
Hydrogen peroxide plays a crucial role in water treatment processes. It disinfects and purifies water by eliminating contaminants and harmful microorganisms. Its use in wastewater treatment facilities contributes to environmental protection by promoting efficient and sustainable water treatment practices. Likewise, hydrogen peroxide is used in the electronics industry to clean and etch semiconductor materials. Its ability to remove organic and inorganic contaminants without leaving harmful residues makes it essential for manufacturing semiconductors and electronic components.
Moreover, hydrogen peroxide is a disinfectant for food packaging materials and equipment in the food and beverage industry. Its use maintains hygiene and prevents microbial contamination in food processing and packaging facilities. Packaging materials, such as containers, bottles, and packaging films, come into direct contact with food products. Hydrogen peroxide sterilizes these materials, ensuring they are free from harmful microorganisms that could contaminate the packaged food. Food quality and safety depend on this phase.
Hydrogen peroxide is extensively employed as a bleaching agent for wood fiber in the paper and pulp industry. The demand for hydrogen peroxide as a bleaching agent will probably increase proportionally with the growth of the paper industry in India. Likewise, the demand for high-quality paper is increasing in India due to various factors, including literacy rates, packaging needs, and industrial applications. Thus, the rising paper industry in the Asia Pacific will drive the demand for hydrogen peroxide in the region.
The China market dominated the Asia Pacific Hydrogen Peroxide Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $490.2 Million by 2030. The Japan market is registering a CAGR of 4.7% during (2023 - 2030). Additionally, The India market would experience a CAGR of 6.3% during (2023 - 2030).
Based on Application, the market is segmented into Pulp & Paper, Chemical Synthesis, Wastewater Treatment, Mining, Food & Beverages, Healthcare, Personal Care, Textiles, and Others. Based on Function, the market is segmented into Bleaching, Disinfectant, Oxidant, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Hydrogen Peroxide Market is Predict to reach $4.5 Billion by 2030, at a CAGR of 5.2%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Evonik Industries AG (RAG-Stiftung), TAEKWANG Industrial Co., ltd., Arkema S.A., Grupa Azoty S.A., Solvay SA, Akzo Nobel N.V., Gujarat Alkalies and Chemicals Limited, Mitsubishi Gas Chemical Company, Inc., OCI Company Ltd., Airedale Chemical Holdings Limited.
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Function (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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