Global Hydrogen Peroxide Market 2015 – 2023 | Page 3

Hydrogen Peroxide Market

circuit boards is also expected to increase the consumption of hydrogen peroxide in the coming
years.

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Health Hazards Associated with Hydrogen Peroxide Deter Market Growth
The possibility of hydrogen peroxide being a mutagen is restraining the growth of this market. The
chemical has also been identified as being carcinogenic. The corrosive nature of hydrogen peroxide
makes it toxic if ingested, inhaled, or if it comes in contact with the skin or eyes. These health hazards
associated with the handling of hydrogen peroxide are impeding the growth of the market.
Asia Pacific Remains a Key Regional Market
The report states that the global hydrogen peroxide market will touch US$6.03 bn by the end of 2023,
rising from a valuation of US$3.70 bn in 2014. Between 2015 and 2023, the market will expand at a
steady CAGR of 5.6%. Asia Pacific is expected to hold a dominant share in the overall market,
accounting for nearly 54.67% by 2023 in terms of volume. The key end user industry will be the p