Hydrogen Peroxide Market: Global Size, Application, Analysis and Forecast to 2023

The global hydrogen peroxide market has witnessed a healthy growth in the recent years. Environment-friendly nature, growth in the pulp and paper industry, initiatives from governments across various nations, and expanding applications of hydrogen peroxide are some of the key forces strengthening the market growth.

According to the latest report by IMARC Group, titled “Hydrogen Peroxide Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global hydrogen peroxide market reached a value of US$ 4.0 Billion in 2017. Hydrogen peroxide is a pale blue liquid with the chemical formula H₂O₂. Due to its high reactivity, hydrogen peroxide is stored with a stabiliser in a weak acidic solution. It acts as a mild antiseptic when applied on the skin so as to prevent any infection caused by minor burns, cuts and scrapes. Hydrogen peroxide releases oxygen on the affected area and produces foam which helps in removing the dead cells. It finds usage in the manufacturing of consumer products such as hair bleaches, hair perming products, hair relaxers, ear drops, antiseptic mouth washes and toothpastes.

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