The Latin America, Middle East and Africa Hydrogen Peroxide Market would witness market growth of 6.9% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 622.46 kilo tonnes, showcasing a growth of 7.1% (2023-2030).
The hydrogen peroxide market is a dynamic and integral segment within the chemical industry. Due to its many uses and chemical qualities, it is crucial in many industries. Hydrogen peroxide, a compound composed of two hydrogen and two oxygen atoms, is recognized for its strong oxidizing and bleaching capabilities, making it a fundamental chemical in various industries. From its traditional use as a bleach in the textile and pulp industries to its modern applications in healthcare, environmental remediation, and electronics, hydrogen peroxide has evolved as a key solution with multifaceted contributions to numerous sectors.
In addition, hydrogen peroxide is employed in pharmaceutical manufacturing for sterilizing equipment and maintaining aseptic conditions. The textile industry also extensively utilizes hydrogen peroxide as a fabric-bleaching agent. Its eco-friendly nature, coupled with the increasing demand for sustainable and green practices in the fashion and textile sector, has positioned hydrogen peroxide as a preferred choice over traditional bleaching agents. This application aligns with the growing trend of eco-conscious consumerism.
With an expansion in the healthcare industry in Saudi Arabia, there may be an increased demand for medical-grade hydrogen peroxide for sterilization purposes, ensuring aseptic conditions in hospitals, clinics, and other healthcare facilities. Thus, the rising healthcare sector in the LAMEA region will help expand the regional hydrogen peroxide market.
The Brazil market dominated the LAMEA Hydrogen Peroxide Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $109.4 Million by 2030. The Argentina market is showcasing a CAGR of 7.5% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 6.6% during (2023 - 2030).
Based on Application, the market is segmented into Pulp & Paper, Chemical Synthesis, Wastewater Treatment, Mining, Food & Beverages, Healthcare, Personal Care, Textiles, and Others. Based on Function, the market is segmented into Bleaching, Disinfectant, Oxidant, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Evonik Industries AG (RAG-Stiftung), TAEKWANG Industrial Co., ltd., Arkema S.A., Grupa Azoty S.A., Solvay SA, Akzo Nobel N.V., Gujarat Alkalies and Chemicals Limited, Mitsubishi Gas Chemical Company, Inc., OCI Company Ltd., Airedale Chemical Holdings Limited.
The hydrogen peroxide market is a dynamic and integral segment within the chemical industry. Due to its many uses and chemical qualities, it is crucial in many industries. Hydrogen peroxide, a compound composed of two hydrogen and two oxygen atoms, is recognized for its strong oxidizing and bleaching capabilities, making it a fundamental chemical in various industries. From its traditional use as a bleach in the textile and pulp industries to its modern applications in healthcare, environmental remediation, and electronics, hydrogen peroxide has evolved as a key solution with multifaceted contributions to numerous sectors.
In addition, hydrogen peroxide is employed in pharmaceutical manufacturing for sterilizing equipment and maintaining aseptic conditions. The textile industry also extensively utilizes hydrogen peroxide as a fabric-bleaching agent. Its eco-friendly nature, coupled with the increasing demand for sustainable and green practices in the fashion and textile sector, has positioned hydrogen peroxide as a preferred choice over traditional bleaching agents. This application aligns with the growing trend of eco-conscious consumerism.
With an expansion in the healthcare industry in Saudi Arabia, there may be an increased demand for medical-grade hydrogen peroxide for sterilization purposes, ensuring aseptic conditions in hospitals, clinics, and other healthcare facilities. Thus, the rising healthcare sector in the LAMEA region will help expand the regional hydrogen peroxide market.
The Brazil market dominated the LAMEA Hydrogen Peroxide Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $109.4 Million by 2030. The Argentina market is showcasing a CAGR of 7.5% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 6.6% during (2023 - 2030).
Based on Application, the market is segmented into Pulp & Paper, Chemical Synthesis, Wastewater Treatment, Mining, Food & Beverages, Healthcare, Personal Care, Textiles, and Others. Based on Function, the market is segmented into Bleaching, Disinfectant, Oxidant, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Evonik Industries AG (RAG-Stiftung), TAEKWANG Industrial Co., ltd., Arkema S.A., Grupa Azoty S.A., Solvay SA, Akzo Nobel N.V., Gujarat Alkalies and Chemicals Limited, Mitsubishi Gas Chemical Company, Inc., OCI Company Ltd., Airedale Chemical Holdings Limited.
Scope of the Study
Market Segments Covered in the Report:
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Pulp & Paper
- Chemical Synthesis
- Wastewater Treatment
- Mining
- Food & Beverages
- Healthcare
- Personal Care
- Textiles
- Others
By Function (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Bleaching
- Disinfectant
- Oxidant
- Other
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Evonik Industries AG (RAG-Stiftung)
- TAEKWANG Industrial Co., ltd.
- Arkema S.A.
- Grupa Azoty S.A.
- Solvay SA
- Akzo Nobel N.V.
- Gujarat Alkalies and Chemicals Limited
- Mitsubishi Gas Chemical Company, Inc.
- OCI Company Ltd.
- Airedale Chemical Holdings Limited
Unique Offerings
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Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market At a Glance
Chapter 3. Market Overview
Chapter 5. LAMEA Hydrogen Peroxide Market by Application
Chapter 6. LAMEA Hydrogen Peroxide Market by Function
Chapter 7. LAMEA Hydrogen Peroxide Market by Country
Chapter 8. Company Profiles
Companies Mentioned
- Evonik Industries AG (RAG-Stiftung)
- TAEKWANG Industrial Co., ltd.
- Arkema S.A.
- Grupa Azoty S.A.
- Solvay SA
- Akzo Nobel N.V.
- Gujarat Alkalies and Chemicals Limited
- Mitsubishi Gas Chemical Company, Inc.
- OCI Company Ltd.
- Airedale Chemical Holdings Limited
Methodology
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