Hydrogen Peroxide Market will exhibit a CAGR of 3.7% during the forecast period., and reach 3.7% during the forecast period, and the Market value as per 2019 was USD 1,613.8 million.

Fortune Business Insights™ in a new report, titled, “Hydrogen Peroxide Market Size, Share & COVID-19 Impact Analysis, By Grade (35%), By Type (Disinfectant, Bleaching Agent and Others), By Application (Pulp & Paper, Chemical Synthesis, Textile Bleaching, Water Purification, Home & Personal Care and Specialty Applications), and Regional Forecast, 2020-2027.”

Hydrogen Peroxide Market Drivers and Restraint:
Wide Applicability of Hydrogen Peroxide to Boost Market Growth
This chemical offers multiple functions in different industrial, commercial, and household applications. Strong bleaching properties make it suitable for paper and textile bleaching. In healthcare, it is used as an antiseptic and antimicrobial agent. In water purification, home care, personal care, and food applications, it acts as an excellent disinfecting and oxidizing agent. In electronics, it is used as a high-quality cleaning agent. It is also used in the production of detergent bleaches such as sodium percarbonate and sodium perborate. Therefore, such versatility in terms of applicability is fueling the growth of the global market.

RESTRAINING FACTORS
Potential Health Hazards May Hinder Product Adoption
Due to its strong oxidizing nature, hydrogen peroxide can be corrosive to the respiratory system, eyes, and skin. If not handled carefully, prolonged exposure irritates the skin & the eyes and causes hair bleaching. Moreover, it is not compatible with most of the raw materials such as copper alloys or heavy metals, which leads to self-accelerated thermal decomposition. Therefore, it should be carefully stored and handled to avoid potential health hazards.

List of Key Players Covered in the Hydrogen Peroxide Market Report:
• Solvay S.A. (Belgium)
• Evonik Industries A.G. (Germany)
• Arkema S.A. (France)
• Mitsubishi Gas Chemical Company Inc. (Japan)
• Kemira Oyj (Finland)
• Taekwang Industrial Co., Ltd. (South Korea)
• Thai Peroxide Ltd. (Thailand)
• Hansol Chemical Co. Ltd. (South Korea)
• OCI COMPANY Ltd. (South Korea)
• Nouryan (The Netherlands)
• Indian Peroxide Ltd. (India)
• Gujarat Alkalies and Chemicals Ltd. (India)

To gain more insights into the market with a detailed table of content and figures, Click Here: https://www.fortunebusinessinsights.com/hydrogen-peroxide-market-103920

Some of the key industry developments in the Hydrogen Peroxide Market Include:
• October 2018: Indian Peroxide Limited established a new hydrogen peroxide production plant with an annual capacity of 40 kilotons in Gujarat, India. The company has also planned to invest around US$ 100 million on capacity expansion in the next three to five years.