Electronic Grade Hydrogen Peroxide Market Share

APAC Market Forecast

Asia Pacific industry is anticipated to dominate majority revenue share of 52% by 2037,  In 2021 the region, consisting of fast-growing economies such as India, China, South Korea, and Indonesia, accounted for a 46.1 % global market share in industrial hydrogen. Rapid industrialization and rising demand from the end-use sectors have contributed to this growth. The focus of most key players in this sector is on Asia Pacific Developing Countries, and they are increasingly expanding their footprints with production facilities, distribution centres, and research & development centres. The market is growing in Asia Pacific due to high economic growth rates.

European Market Statistics

Europe is expected to be the second largest region for the electronic grade hydrogen peroxide market. the region to hold a share of 20.3% by 2036. The increasing use of personal care and cosmetics products is rapidly growing the growth of the market. Hydrogen peroxide is used in cosmetics owing to its oxidizing properties. The developing cosmetic industries in the region have led to an increase in the demand for personal care and cosmetic products. The textile industry is also propelling market growth due to the usage of bleach.