Hydrogen peroxide is a chemical molecule with outstanding oxidising characteristics. In the paper and pulp industry, it acts as a bleaching agent to increase brightness, improve brightness stability, and reduce production costs. The use of hydrogen peroxide reduces the amount of hazardous halogenated compounds and effluents found in pulp. Additionally, it lightens the colour of the effluent. Hydrogen peroxide is also used to bleach mechanical pulp generated using the conventional groundwood technique, achieving excellent brightness levels. It is used with caustic soda to stabilise and buffer wood pulp while eliminating heavy metals. The most commonly used textile bleaching chemical is hydrogen peroxide. It is used to bleach natural cellulose-based fibres from plants and animals, such as cotton, linen, and others.

Driving Factors- Globally, the largest market for hydrogen peroxide is Asia Pacific. The region's demand for hydrogen peroxide is mostly driven by the compound's growing use in disinfectants. Because of its environmentally favourable and emission-free qualities, hydrogen peroxide is also being used more often in the pulp and paper industry. Additionally, it finds use in a variety of industries, including electronics, agriculture, personal care and cosmetics, pharmaceuticals, and chemicals. Additionally, a number of environmental laws and regulations that have been put into place in the area are significantly supporting the expansion of the market.

Challenges- Potential health risks to patients may deter customers from utilising items containing hydrogen peroxide. Because of its strong oxidising qualities, the chemical may be hazardous to the respiratory system, skin, and eyes. Extended exposure can irritate the skin and eyes and bleach hair if it is not properly handled. Additionally, with the majority of basic materials, including heavy metals and copper alloys, it accelerates thermal breakdown on its own. To avoid any possible health hazards, it should be handled and stored appropriately.

The sudden increase in demand for chemical disinfectants during the COVID-19 outbreak boosted demand for disinfectant solutions. Hydrogen peroxide was in high demand in the healthcare business due to its demonstrated efficacy in bactericidal and virucidal actions, with healthcare experts pulling out all the stops to combat the COVID-19 pandemic. During the early stages of the outbreak, the United States Food and Drug Administration (FDA) granted the second emergency use authorisation to disinfect respirators for reuse. As a result, the FDA approved the use of vaporised hydrogen peroxide sterilisers to decontaminate N-95 respirators, boosting market growth even further.

The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Aditya Birla Chemicals, AkzoNobel N.V, Arkema, Avantor, Inc, Chang Chun Group, Chemplast Sanmar Limited, Evonik Industries AG, Gujarat Alkalies and Chemical Limited, HENAN JINHE INDUSTRY CO, LTD, Hodogaya Chemical Co., Ltd, Indian Peroxide Limited, Kemira, Meghmani Finechem Limited (MFL), MITSUBISHI GAS CHEMICAL COMPANY, INC.

By Application: Based on the Application, Asia Pacific Hydrogen Peroxide Market is segmented as; Chemical Synthesis, Bleaching, Disinfectant, Cleaning and Etching, and Others.

By End Use: Based on the End Use, Asia Pacific Hydrogen Peroxide Market is segmented as; Pulp and Paper, Food and Beverages, Water Treatment, Textiles and Laundry, Oil and Gas, Healthcare, Electronics, and Others.

By Region: This research also includes data for Australia, China, India, Japan, South Korea, Rest of Asia-Pacific.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.