The latest report by IMARC Group titled, “India Hydrogen Peroxide Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the India hydrogen peroxide market size. The report also includes competitor and regional analysis, and contemporary advancements in the market. The India hydrogen peroxide market size reached US$ 169.4 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 243.5 Million by 2028, exhibiting a growth rate (CAGR) of 6% during 2023-2028.
India Hydrogen Peroxide Market Overview:
Hydrogen peroxide, a chemical compound with the molecular formula H2O2, is a clear, colorless liquid with powerful oxidizing properties. Composed of two hydrogen and two oxygen atoms, it serves many purposes, from wound disinfection to industrial applications. Commonly used as a mild antiseptic, hydrogen peroxide releases oxygen upon contact with biological tissues, aiding in removing debris and bacteria. In addition to its medical uses, it plays a crucial role in various industrial processes, including bleaching textiles and paper, and serving as a propellant in rocketry. Despite its ubiquity, handling should be cautious due to its reactivity and potential to decompose into water and oxygen, often accompanied by effervescence.
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India Hydrogen Peroxide Market Demand:
The market growth in India is majorly driven by the increasing emphasis on hygiene and infection control. In line with this, the product's role as an eco-friendly bleaching agent in the paper and textile industries aligns with the global push toward sustainable practices, fostering its adoption in manufacturing processes. Moreover, the rising demand for eco-friendly alternatives in wastewater treatment and environmental cleanup further expands its market, given hydrogen peroxide's capacity to break down pollutants. Besides, it is useful in semiconductor manufacturing and cleaning processes in the electronics industry.
Additionally, its role as a propellant in the aerospace sector contributes to its market growth. The agricultural sector employs hydrogen peroxide in soil treatment, reflecting a growing awareness of sustainable farming practices. As research continues to unveil new applications, the versatility and adaptability of hydrogen peroxide position it as a key player in various sectors, ensuring a dynamic and expanding market presence.
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Key Market Segmentations:
Breakup by Application:
- Chemical Synthesis
- Bleaching
- Disinfectant
- Cleaning and Etching
- Others
Breakup by End Use:
- Pulp and Paper
- Food and Beverages
- Water Treatment
- Textiles and Laundry
- Oil and Gas
- Healthcare
- Electronics
- Others
Breakup by Region:
- North India
- West and Central India
- South India
- East India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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