The global hydrogen peroxide market was valued at $5.4 billion in 2021, and is projected to reach $8.9 billion by 2031, growing at a CAGR of 5.2% from 2022 to 2031.
Hydrogen peroxide is a combination of hydrogen & oxygen, and it is widely utilized across various end-use industries. It is used as a bleaching and oxidizing agent in the paper & pulp industry owing to its efficient bleaching properties. It possesses antiseptic properties; consequently, it can be extensively used in the healthcare sector. In the healthcare industry, hydrogen Peroxide is used to clean and disinfect. It is used as an oxidizing agent and an antimicrobial agent and can be found in over-the-counter (OTC) first aid antiseptics utilized to clean wounds. In personal care and household products, such as hair dyes and bleaches, mouthwashes, toothpaste, bathroom cleaners and laundry stain removers, hydrogen peroxide works as an oxidizing agent, offering a lightening and whitening effect.
The hydrogen peroxide market is segmented on the basis of application and region. On the basis of application, the market is categorized into pulp & paper, chemical synthesis, wastewater treatment, mining, food & beverage, personal care, textile, healthcare, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The hydrogen peroxide market analysis covers in-depth information about major industry participants. Some of the major players in the market include Akzo Nobel NV, Arkema S.A., BASF, ClearTech Industries, Evonik Industries, Gujarat Alkalies and Chemicals LTD, Hansol chemicals, Indian Peroxide Ltd., Kemira Oyj, Meghmani Finechem Limited, Mitsubishi Gas Chemical Company, National Peroxide Limited, Nouryan, Solvay, and Taekwang Industrial Co. Ltd.
Hydrogen peroxide is a combination of hydrogen & oxygen, and it is widely utilized across various end-use industries. It is used as a bleaching and oxidizing agent in the paper & pulp industry owing to its efficient bleaching properties. It possesses antiseptic properties; consequently, it can be extensively used in the healthcare sector. In the healthcare industry, hydrogen Peroxide is used to clean and disinfect. It is used as an oxidizing agent and an antimicrobial agent and can be found in over-the-counter (OTC) first aid antiseptics utilized to clean wounds. In personal care and household products, such as hair dyes and bleaches, mouthwashes, toothpaste, bathroom cleaners and laundry stain removers, hydrogen peroxide works as an oxidizing agent, offering a lightening and whitening effect.
The hydrogen peroxide market is segmented on the basis of application and region. On the basis of application, the market is categorized into pulp & paper, chemical synthesis, wastewater treatment, mining, food & beverage, personal care, textile, healthcare, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The hydrogen peroxide market analysis covers in-depth information about major industry participants. Some of the major players in the market include Akzo Nobel NV, Arkema S.A., BASF, ClearTech Industries, Evonik Industries, Gujarat Alkalies and Chemicals LTD, Hansol chemicals, Indian Peroxide Ltd., Kemira Oyj, Meghmani Finechem Limited, Mitsubishi Gas Chemical Company, National Peroxide Limited, Nouryan, Solvay, and Taekwang Industrial Co. Ltd.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hydrogen peroxide market analysis from 2021 to 2031 to identify the prevailing hydrogen peroxide market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the hydrogen peroxide market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global hydrogen peroxide market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
- Pulp and Paper
- Chemical Synthesis
- Wasterwater Treatment
- Mining
- Food and Beverage
- Personal Care
- Textile
- Healthcare
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest Of Asia Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Evonik industries
- Solvay
- Akzo Nobel
- Kemira Oyj
- National Peroxide Limited
- Arkema S.A.
- BASF
- cleartech industries
- gujarat alkalies and chemical ltd
- Hansol Chemicals
- Indian Peroxide Ltd.
- meghmani finechem limited
- Mitsubishi Gas Chemical Company
- Nouryan
- Taekwang Industrial Co. Ltd
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: HYDROGEN PEROXIDE MARKET, BY APPLICATION
CHAPTER 5: HYDROGEN PEROXIDE MARKET, BY REGION
CHAPTER 6: COMPANY LANDSCAPE
CHAPTER 7: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Hydrogen Peroxide Market," the hydrogen peroxide market was valued at $5.37 billion in 2021, and is estimated to reach $8.90 billion by 2031, growing at a CAGR of 5.2% from 2022 to 2031.Hydrogen peroxide is widely used for various personal hygiene and healthcare applications. It is utilized as an antiseptic for minor cuts & burns and as a mouth rinse solution for mouth irritations and removal of mucus. It is widely used for peracetic acid production, herbicide production, flame retardants, Hydrogen Peroxide to Propylene Oxide (HPPO) process, organic peroxide initiator, and others.
Hydrogen peroxide is extensively used in applications such as pulp & paper, chemical synthesis, wastewater treatment, mining, food and beverage, personal care, healthcare, and textile. Hydrogen peroxide is used to disinfect tools, decolorize hair, and clean the surface. It is used in oral care and gardening. Hydrogen peroxide has therapeutic uses, including chemical, biological, household, and antibacterial & oxidant uses Hydrogen peroxide is generally injected into a wastewater stream in order to control hydrogen sulfide and other odorous compounds associated with treatment of wastewater. It may supplement dissolved oxygen levels in the wastewater to control the additional formation of hydrogen sulfide. Hydrogen peroxide is used throughout the healthcare industry and by consumers for cleaning and disinfection. Used as an antibacterial and oxidant, it is included in over-the-counter (OTC) first aid disinfectants o clean wounds. Further, human hair is bleached with diluted hydrogen peroxide in combination with aqueous ammonia. New blood stains are removed with hydrogen peroxide. H2O2 solution is used as a propellant for torpedoes and submarines, and as an oxidizer for rocket fuel. Hydrogen peroxide is used in aquaculture to reduce the mortality rate caused by various microorganisms. Hydrogen peroxide is a mild disinfectant that can be used on small cuts, abrasions and burns to prevent infection. It can be used as a mouthwash to remove mucus and relieve mild oral illnesses such as fungal infections of plants and cleaning of algae-infested ponds. It is used in the textile sector as an anti-chlorine agent to remove excess chlorine after bleaching. It is widely used in the production of inorganic chemicals such as sodium perborate and sodium percarbonate, which are important components of high-quality detergents.
The increase in demand for pulp & paper globally and the growth in product use in the Hydrogen Peroxide to Propylene Oxide (HPPO) process in propylene oxide production are major factors attributing to this growth. Hydrogen peroxide is utilized as a bleaching agent in the pulp & paper industry. It offers a grade of brightness that is favorable for the high-grade board, magazine papers, and tissue products. It is used in the pulp & paper industry for cellulose bleaching, pulp bleaching, and recycling waste paper (de-inking). It is effective in bleaching recycled pulp. In paper recycling, the removal of printing ink is an essential task when fibers are reused in the manufacturing of tissue grades or printing papers. Fiber brightening can be carried out utilizing the hydrogen peroxide compound. The small amount of hydrogen peroxide can enhance the brightness and prevent alkaline yellowing. Consequently, the surge in demand from pulp & paper industry coupled with growth in pulp & paper industry is predicted to augment the demand for hydrogen peroxide during the forecast period. However, health and environmental hazards associated with hydrogen peroxide pose as major challenge for the market growth. Nevertheless, the growth in use of hydrogen peroxide in wastewater treatment is anticipated to create ample growth opportunities for hydrogen peroxide market in coming years. An increase in demand for wastewater treatment has been witnessed owing to surge in population, urbanization, augmenting manufacturing sector, regulatory requirements, and initiatives by manufacturing industries & state bodies for low waste generation. For instance, according to The Development Bank of Latin America (CAF), over the period of 2010-2030, approx. $80 billion is anticipated to be spent on sewerage infrastructure and $33 billion on wastewater treatment.
On the basis of application, the pulp and paper segment dominated the global hydrogen peroxide market in terms of revenue, in 2021, owing to rise in usage of hydrogen peroxide in industrial applications, as well as the use of hydrogen peroxide as disinfectants, is anticipated to provide enormous development prospects.
By region, Asia-Pacific held the highest share of the global hydrogen peroxide market in 2021 owing to the use of hydrogen peroxide in various industries such as textile, water treatment, power and chemicals, semiconductors, etc. The pulp and paper industry holds the largest share of the end-use segment of the hydrogen peroxide Asia Pacific market due to the widespread use of chemicals to improve gloss and stability.
COVID-19 Analysis
The COVID-19 pandemic negatively impacted the demand for hydrogen peroxide from a wide range of end-use sectors, including pulp & paper, chemical synthesis, food processing, textile, water & wastewater treatment, and electronics & semiconductor. COVID-19 affected the paper and pulp industry since it uses hydrogen peroxide as a bleaching chemical. It is used as an oxidant in the mining sector. As a result of the pandemic, several industries were compelled to temporarily halt operations, prompting the industry to restrict the use of bleaching chemicals and oxidants, cutting demand for hydrogen peroxide. Rise in demand from the paper and pulp industry, as well as surge in use of hydrogen peroxide as a raw component in the production are expected to drive market growth.Key Findings of the Study
- By application, the others segment is projected to grow at the highest CAGR of 7.4% during the forecast period.
- By application, the pulp and paper segment is expected to dominate the market during the forecast period.
- By region, Asia-Pacific was the highest revenue contributor, and is estimated to grow at a CAGR of 6.0%.
The qualitative data in this report aims at the market dynamics, trends, and developments in the industry.
Companies Mentioned
- Evonik Industries
- Solvay
- Akzo Nobel
- Kemira Oyj
- National Peroxide Limited
- Arkema S.A.
- Basf
- Cleartech Industries
- Gujarat Alkalies and Chemical Ltd
- Hansol Chemicals
- Indian Peroxide Ltd.
- Meghmani Finechem Limited
- Mitsubishi Gas Chemical Company
- Nouryan
- Taekwang Industrial Co. Ltd
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 343 |
| Published | July 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 5.4 billion |
| Forecasted Market Value ( USD | $ 8.9 billion |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
