Market revenue in 2024 | USD 19.9 million |
Market revenue in 2030 | USD 25.9 million |
Growth rate | 4.5% (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 36.18% in 2024. Horizon Databook has segmented the Middle East & Africa hydrogen peroxide market based on <30%, 30%-50%, 50%-80%, >80% covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa has a history of poor water quality and distribution for the regional population due to the lack of proper storage facilities and treatment plants. This has led to the spread of various diseases such as cholera and dengue in the past. As a result, the local authorities and government agencies started increasingly focusing on wastewater treatment projects to supply disinfected water for residential consumption as well as commercial applications and farming.
Growing consumer awareness about the ill effects of consuming untreated water has further pushed the introduction of various chemicals in water treatment applications. These factors are likely to augment the demand for hydrogen peroxide in the region for disinfecting water sources over the forecast period. However, a huge amount of investment is required to develop and set up a wastewater treatment system in the region.
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