Latin America Hydrogen Peroxide Market Size & Outlook
Related Markets
Latin America hydrogen peroxide market highlights
- The Latin America hydrogen peroxide market generated a revenue of USD 63.8 million in 2024.
- The market is expected to grow at a CAGR of 6% from 2025 to 2030.
- In terms of segment, <30% was the largest revenue generating grade in 2024.
- 30%-50% is the most lucrative grade segment registering the fastest growth during the forecast period.
Latin America data book summary
| Market revenue in 2024 | USD 63.8 million |
| Market revenue in 2030 | USD 90.3 million |
| Growth rate | 6% (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 |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.3% of the global hydrogen peroxide market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 895.8 million by 2030.
<30% was the largest segment with a revenue share of 36.05% in 2024. Horizon Databook has segmented the Latin America hydrogen peroxide market based on <30%, 30%-50%, 50%-80%, >80% covering the revenue growth of each sub-segment from 2018 to 2030.
South America has around one-third of the global water reserves, yet water management system in the region is below average due to the lack of proper infrastructure and treatment plants. However, as cited by the development bank of the region, South America is projected to witness huge growth opportunities for water treatment activities in the coming years. Projects for water treatment plants have been sanctioned in major cities such as Neiva, Manizales, Pereira, Bucaramanga, Cali, Tunja, and Bogota.
Moreover, more concession contracts are likely to be taken place in Brazil in the coming years, thereby generating higher demand for hydrogen peroxide in the region over the forecast period. The demand for cleanliness and disinfectant products in the region has increased significantly since the second quarter of 2020. The COVID-19 outbreak led to a shortage of disinfectant products in the initial stage in countries like Brazil; however, with government initiatives, the supply of disinfectant products across Brazil stabilized.
Currently, sanitizing products and disinfectants are substantially available in the local market, and the demand for these products is anticipated to be high in the coming years. As a result, hydrogen peroxide market is likely to witness growth over the forecast period.
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Hydrogen Peroxide Market Scope
Hydrogen Peroxide Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Airedale Chemical | View profile | 51-100 | Keighley, Bradford, United Kingdom, Europe | http://www.airedalechemical.com/ |
| OCI Chemical | View profile | 1001-5000 | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.oci.co.kr/index.asp |
| National Peroxide Ltd. | View profile | 101-250 | Mumbai, Maharashtra, India, Asia | http://www.naperol.com/ |
| gujarat alkalies and chemical ltd | View profile | 1001-5000 | http://gacl.com | |
| Taekwang | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | http://www.taekwang.co.kr/ |
| Grupa Azoty | View profile | 10001+ | Tarnow, Malopolskie, Poland, Europe | https://grupaazoty.com |
| Akzo Nobel NV | View profile | 35500 | Christian Neefestraat 2, Amsterdam, NH, Netherlands, 1077 WW | https://www.akzonobel.com |
| Solvay SA | View profile | 9000 | Rue De Ransbeek, 310, Brussels, Belgium, B-1120 | https://www.solvay.com |
| Arkema SA | View profile | 11039 | 420 rue d’Estienne d’Orves, Colombes, France, 92700 | https://www.arkema.com |
| Evonik Industries AG | View profile | 33409 | Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 | https://www.evonik.com |
Latin America Hydrogen Peroxide Market Outlook Share, 2024 & 2030 (US$M)
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