Market revenue in 2024 | USD 594.0 million |
Market revenue in 2030 | USD 895.8 million |
Growth rate | 7.1% (CAGR from 2024 to 2030) |
Largest segment | <30% |
Fastest growing segment | 30%-50% |
Historical data covered | 2018 - 2023 |
Base year for estimation | 2024 |
Forecast period covered | 2025 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | <30%, 30%-50%, 50%-80%, >80% |
Key market players worldwide | Evonik Industries AG, Taekwang, Arkema SA, Grupa Azoty, Solvay SA, Akzo Nobel NV, gujarat alkalies and chemical ltd, National Peroxide Ltd., OCI Chemical, Airedale Chemical |
<30% was the largest segment with a revenue share of 36.11% in 2024. Horizon Databook has segmented the Asia Pacific hydrogen peroxide market based on <30%, 30%-50%, 50%-80%, >80% covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is the emerging regional market. China, India, and Japan are the key manufacturing countries in the region, with China as the global manufacturing leader. The demand for hydrogen peroxide in the region influenced by personal care products, wastewater treatment activities, dental care, household bleaching products, and chemical industry applications.
Growing population in countries such as India and China, coupled with the rise in income level and purchasing power parity, has led to the high demand for personal and household products including detergents and bleaches. These factors are projected to drive the demand for hydrogen peroxide in the region in the coming years. In addition, a rapidly growing number of new business establishments across the region, especially in India, is projected to boost the demand for hydrogen peroxide in several industries over the forecast period.
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