Hydrogen Peroxide Market Size to Reach USD 5240.8 Million by 2028 at a CAGR of 3.2% | Valuates Reports - Seite 2

Widespread use of H2O2 in the textile industry is expected to further fuel the hydrogen peroxide market growth. Hydrogen peroxide (H2O2) is the most commonly used bleaching agent for textiles. Cotton fabric manufacturing frequently uses the hot hydrogen peroxide (H2O2) solution textile bleaching procedure. Before dying or shape-matching can be done, the cotton must first undergo the bleaching procedure to turn it permanently white.

Hydrogen peroxide is the most widely used wet chemical in the semiconductor industry, with long-standing uses in the etching of printed circuit boards and more recent uses of ultra-high purity grades in semiconductor fabrication. Printed circuit boards can be etched using special grades of hydrogen peroxide, frequently in conjunction with sulphuric acid. Additionally, cupric chloride etching baths are regenerated using hydrogen peroxide. Hydrogen peroxide of high purity is a crucial ingredient in the manufacture of semiconductor devices. These factors are in turn expected to drive the growth of the Hydrogen peroxide market.

Furthermore, Hydrogen peroxide works as a high-level disinfectant. It reacts very quickly, disintegrating into hydrogen and water without leaving any by-products. This process increases the amount of oxygen in the water. The free oxygen radicals then decompose the pollution, leaving only water. The free oxygen radicals then decompose the pollution, leaving only water. These free radicals will both oxidize and disinfect, and hydrogen peroxide eliminates proteins through oxidation. It is used to disinfect drinking water due to its high oxidative and biocidal efficiency.

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HYDROGEN PEROXIDE MARKET ANALYSIS

With a market share of over 50%, Asia-Pacific is the largest region, followed by Europe and North America, both of which held a market share of over 40%.

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TOP COMPANIES IN THE HYDROGEN PEROXIDE MARKET

Some of the major companies in the hydrogen peroxide market include Solvay, Evonik, Arkema, Peroxy Chem, Akzo Nobel, etc. The top 5 producers worldwide control around 45% of the market.

Other Companies

• Kemira
• MGC
• OCI Chem
• NPL
• Zhongneng Chemical
• Luxi Chemical
• Liuzhou Chemical Group
• Jinhe shiye
• Jincheng Anthracite Jinshi Chemical
• HEC
• Shandong Yangmeihengtong Chemical
• Kingboard Chemical
• Guangdong Zhongcheng Chemical
• Jinke Chemical.

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