Hydrogen peroxide has proved to be environment friendly and efficient product that can be used as a bleach or oxidizer. Hydrogen peroxide has wide applications in pulp & paper industry, chemical industry, water treatment, mining and textile industry. Growth in textile, water treatment and increased purchasing power of consumer has driven the growth in the Asia-Pacific region making it the largest market for hydrogen peroxide followed by Western Europe and North America. China is major consumer of hydrogen peroxide and is expected to remain the largest market in forecast period. Forestry, agro products & paper & pulp industry major driver for hydrogen peroxide market in Central & South America.
Increasing use of hydrogen peroxide in personal care, sterilization, toothpastes, sanitizer and hair dyes will assist the global hydrogen peroxide market growth. There will be a little impact of the increasing digital media presence growth as the decline in demand for papers is likely to be easily offset by the increase in demand for hygiene paper, tissue and packaging sector, especially in the developing economies.