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Hydrogen Peroxide Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Sep 01, 2024
Length 190 Pages
SKU # FOB19185593

Description

Hydrogen Peroxide Market



Growth Factors of Hydrogen Peroxide Market

The hydrogen peroxide market size was valued at USD 1.82 billion in 2023, and the market is now projected to grow from USD 1.89 billion in 2024 to USD 2.56 billion by 2032, exhibiting a CAGR of 3.8% during the forecast period of 2023-2030.

There was disallowing for the chemical from various sectors except the mining sector. This has forced industries to halt on operations and endorse the limited use of bleaching chemicals. On the other hand, there was growing knowledge of the significance of germicide and infectivity control in healthcare facilities. This has increased the order for hydrogen peroxide-based decontaminator and sanitizers. It was primarily for high-touch surfaces and patient care areas. Therefore, by and large the COVID-19 pandemic has prompted the hydrogen peroxide market growth.

Rising demand for hydrogen peroxide for water management systems is propelling the market growth. This chemical purifies water by killing microorganisms, decomposing organic impurity, and managing unpleasant odors. It is a helpful oxidizing agent and it controls smell. This compound acts as a chlorine-free alternative that meets strict environmental regulations. Advancements in water treatment technologies, such as advanced oxidation processes are attaching end-users and impelling the market growth. Hence, due to the growing adoption as a disinfectant in the water treatment industry is the major contributor for growing hydrogen peroxide market share globally.

The trend of growing implementation of H2O2 in the food and electronics sector is propelling the market growth. Food-grade hydrogen peroxide is used as a bleaching and antimicrobial agent in various fields such as cheese manufacturing, instant tea, and others. It is also permitted as a sterilizing agent in aseptic packaging. Therefore, companies are introducing new grades to meet the changing market trends and consequently expanding their market reach.

Comprehensive Analysis of Hydrogen Peroxide Market

The hydrogen peroxide market and chemicals & advanced materials industry is expanding at an exponential rate due to its market segmentation. This market growth effectively provides a detailed regional assessment in view of the dominant supply and demand forces that impact the bulk chemicals industry. These segmentations are methodically segregated by grade, type, and application. The grade is such as <35% and >35%. The type is disinfectant, bleaching agent, and others. However, the application includes pulp & paper, chemical synthesis, textile bleaching, water purification, home & personal care, and specialty applications.

The Asia Pacific region is conducive to the global hydrogen peroxide market, leading to a recall of USD 0.82 billion because of encouraging growth of end-use industries such as paper, textiles, and chemicals, among others. The flourishing textile industry in China, India, Bangladesh, Vietnam, and Indonesia generates a huge requirement for the compound.

The top players in the market play a crucial role in the bulk chemicals industry assuring industrial prospectus growth and setting market standards. These players are Solvay S.A. (Belgium), Evonik Industries A.G. (Germany), Arkema S.A. (France), Mitsubishi Gas Chemical Company Inc. (Japan), Kemira Oyj(Finland), Taekwang Industrial Co., Ltd.(South Korea), Thai Peroxide Ltd. (Thailand), Hansol Chemical Co. Ltd. (South Korea), OCI COMPANY Ltd. (South Korea), Nouryon (Netherlands), Indian Peroxide Ltd. (India), Gujarat Alkalies and Chemicals Ltd. (India), these market players present a level-playing competitive landscape.

In January 2024, Solvay and Huatai announced the development plans of their hydrogen peroxide manufacturing capacity in China to meet growing photovoltaic demand. The plan of this collaboration is to compose 48,000 tons/year of photovoltaic-grade hydrogen peroxide by 2025.

Segmentation Table

Global Hydrogen Peroxide Market Scope

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 3.8% (2024-2032)

Unit Value (USD Billion) and Volume (Kilo Tons)

Segmentation By Grade

- <35%

- >35%

By Type

- Disinfectant

- Bleaching Agent

- Others

By Application

- Pulp & Paper

- Chemical Synthesis

- Textile Bleaching

- Water Purification

- Home & Personal Care

- Specialty Applications

By Region

- North America (By Grade, By Type, By Application)
  • U.S. (By Type)
  • Canada (By Type)
- Europe (By Grade, By Type, By Application)
  • Germany (By Type)
  • U.K. (By Type)
  • France (By Type)
  • Italy (By Type)
  • Rest of Europe (By Type)
- Asia Pacific (By Grade, By Type, By Application)
  • China (By Type)
  • India (By Type)
  • Japan (By Type)
  • ASEAN (By Type)
  • Rest of Asia Pacific (By Type)
- Latin America (By Grade, By Type, By Application)
  • Brazil (By Type)
  • Mexico (By Type)
  • Rest of Latin America (By Type)
- The Middle East & Africa (By Grade, By Type, By Application)
  • Middle East (By Type)
  • Africa (By Type)


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Table of Contents

190 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends
4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
4.3. Latest Technological Advancement
4.4. Insights on Regulatory Scenario
4.5. Porters Five Forces Analysis
4.6. Impact of COVID-19 on Global Plastic Additives Market
5. Global Hydrogen Peroxide Market Analysis, Insights and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecast
5.2.1. By Grade (Value/Volume)
5.2.1.1. <35%
5.2.1.2. >35%
5.2.2. By Type (Value/Volume)
5.2.2.1. Disinfectants
5.2.2.2. Bleaching Agents
5.2.2.3. Others
5.2.3. By Application (Value/Volume)
5.2.3.1. Pulp & Paper
5.2.3.2. Chemical Synthesis
5.2.3.3. Textile Bleaching
5.2.3.4. Water Purification
5.2.3.5. Home & Personal Care
5.2.3.6. Specialty Applications
5.2.4. By Region (Value/Volume)
5.2.4.1. North America
5.2.4.2. Europe
5.2.4.3. Asia Pacific
5.2.4.4. Latin America
5.2.4.5. Middle East & Africa
6. North America Hydrogen Peroxide Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecast
6.2.1. By Grade (Value/Volume)
6.2.1.1. <35%
6.2.1.2. >35%
6.2.2. By Type (Value/Volume)
6.2.2.1. Disinfectants
6.2.2.2. Bleaching Agents
6.2.2.3. Others
6.2.3. By Application (Value/Volume)
6.2.3.1. Pulp & Paper
6.2.3.2. Chemical Synthesis
6.2.3.3. Textile Bleaching
6.2.3.4. Water Purification
6.2.3.5. Home & Personal Care
6.2.3.6. Specialty Applications
6.2.4. By Country (Value/Volume)
6.2.4.1. U.S.
6.2.4.1.1. By Type (Value/Volume)
6.2.4.1.1.1. Disinfectants
6.2.4.1.1.2. Bleaching Agents
6.2.4.1.1.3. Others
6.2.4.2. Canada
6.2.4.2.1. By Type (Value/Volume)
6.2.4.2.1.1. Disinfectants
6.2.4.2.1.2. Bleaching Agents
6.2.4.2.1.3. Others
7. Europe Hydrogen Peroxide Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Size Estimates and Forecast
7.2.1. By Grade (Value/Volume)
7.2.1.1. <35%
7.2.1.2. >35%
7.2.2. By Type (Value/Volume)
7.2.2.1. Disinfectants
7.2.2.2. Bleaching Agents
7.2.2.3. Others
7.2.3. By Application (Value/Volume)
7.2.3.1. Pulp & Paper
7.2.3.2. Chemical Synthesis
7.2.3.3. Textile Bleaching
7.2.3.4. Water Purification
7.2.3.5. Home & Personal Care
7.2.3.6. Specialty Applications
7.2.4. By Country (Value/Volume)
7.2.4.1. Germany
7.2.4.1.1. By Type (Value/Volume)
7.2.4.1.1.1. Disinfectants
7.2.4.1.1.2. Bleaching Agents
7.2.4.1.1.3. Others
7.2.4.2. UK
7.2.4.2.1. By Type (Value/Volume)
7.2.4.2.1.1. Disinfectants
7.2.4.2.1.2. Bleaching Agents
7.2.4.2.1.3. Others
7.2.4.3. France
7.2.4.3.1. By Type (Value/Volume)
7.2.4.3.1.1. Disinfectants
7.2.4.3.1.2. Bleaching Agents
7.2.4.3.1.3. Others
7.2.4.4. Italy
7.2.4.4.1. By Type (Value/Volume)
7.2.4.4.1.1. Disinfectants
7.2.4.4.1.2. Bleaching Agents
7.2.4.4.1.3. Others
7.2.4.5. Rest of Europe
7.2.4.5.1. By Type (Value/Volume)
7.2.4.5.1.1. Disinfectants
7.2.4.5.1.2. Bleaching Agents
7.2.4.5.1.3. Others
8. Asia-Pacific Hydrogen Peroxide Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. Market Size Estimates and Forecast
8.2.1. By Grade (Value/Volume)
8.2.1.1. <35%
8.2.1.2. >35%
8.2.2. By Type (Value/Volume)
8.2.2.1. Disinfectants
8.2.2.2. Bleaching Agents
8.2.2.3. Others
8.2.3. By Application (Value/Volume)
8.2.3.1. Pulp & Paper
8.2.3.2. Chemical Synthesis
8.2.3.3. Textile Bleaching
8.2.3.4. Water Purification
8.2.3.5. Home & Personal Care
8.2.3.6. Specialty Applications
8.2.4. By Country (Value/Volume)
8.2.4.1. China
8.2.4.1.1. By Type (Value/Volume)
8.2.4.1.1.1. Disinfectants
8.2.4.1.1.2. Bleaching Agents
8.2.4.1.1.3. Others
8.2.4.2. India
8.2.4.2.1. By Type (Value/Volume)
8.2.4.2.1.1. Disinfectants
8.2.4.2.1.2. Bleaching Agents
8.2.4.2.1.3. Others
8.2.4.3. Japan
8.2.4.3.1. By Type (Value/Volume)
8.2.4.3.1.1. Disinfectants
8.2.4.3.1.2. Bleaching Agents
8.2.4.3.1.3. Others
8.2.4.4. ASEAN
8.2.4.4.1. By Type (Value/Volume)
8.2.4.4.1.1. Disinfectants
8.2.4.4.1.2. Bleaching Agents
8.2.4.4.1.3. Others
8.2.4.5. Rest of Asia Pacific
8.2.4.5.1. By Grade (Value/Volume)
8.2.4.5.1.1. Disinfectants
8.2.4.5.1.2. Bleaching Agents
8.2.4.5.1.3. Others
9. Latin America Hydrogen Peroxide Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. Market Size Estimates and Forecast
9.2.1. By Grade (Value/Volume)
9.2.1.1. <35%
9.2.1.2. >35%
9.2.2. By Type (Value/Volume)
9.2.2.1. Disinfectants
9.2.2.2. Bleaching Agents
9.2.2.3. Others
9.2.3. By Application (Value/Volume)
9.2.3.1. Pulp & Paper
9.2.3.2. Chemical Synthesis
9.2.3.3. Textile Bleaching
9.2.3.4. Water Purification
9.2.3.5. Home & Personal Care
9.2.3.6. Specialty Applications
9.2.4. By Country (Value/Volume)
9.2.4.1. Brazil
9.2.4.1.1. By Type (Value/Volume)
9.2.4.1.1.1. Disinfectants
9.2.4.1.1.2. Bleaching Agents
9.2.4.1.1.3. Others
9.2.4.2. Mexico
9.2.4.2.1. By Type (Value/Volume)
9.2.4.2.1.1. Disinfectants
9.2.4.2.1.2. Bleaching Agents
9.2.4.2.1.3. Others
9.2.4.3. Rest of Latin America
9.2.4.3.1. By Type (Value/Volume)
9.2.4.3.1.1. Disinfectants
9.2.4.3.1.2. Bleaching Agents
9.2.4.3.1.3. Others
10. Middle East & Africa Hydrogen Peroxide Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. Market Size Estimates and Forecast
10.2.1. By Grade (Value/Volume)
10.2.1.1. <35%
10.2.1.2. >35%
10.2.2. By Type (Value/Volume)
10.2.2.1. Disinfectants
10.2.2.2. Bleaching Agents
10.2.2.3. Others
10.2.3. By Application (Value/Volume)
10.2.3.1. Pulp & Paper
10.2.3.2. Chemical Synthesis
10.2.3.3. Textile Bleaching
10.2.3.4. Water Purification
10.2.3.5. Home & Personal Care
10.2.3.6. Specialty Applications
10.2.4. By Country (Value/Volume)
10.2.4.1. Middle East
10.2.4.1.1. By Type (Value/Volume)
10.2.4.1.1.1. Disinfectants
10.2.4.1.1.2. Bleaching Agents
10.2.4.1.1.3. Others
10.2.4.2. Africa
10.2.4.2.1. By Type (Value/Volume)
10.2.4.2.1.1. Disinfectants
10.2.4.2.1.2. Bleaching Agents
10.2.4.2.1.3. Others
11. Competitive Analysis
11.1. Company Market Share/Ranking Analysis, By Key Players, 2023
11.2. Company Profiles
11.2.1. Solvay SA
11.2.1.1. Overview
11.2.1.2. Description
11.2.1.3. Grade Portfolio
11.2.1.4. Financials (As per Availaibity)
11.2.1.5. Recent Developments
11.2.2. Evonik Industries A.G.
11.2.2.1. Overview
11.2.2.2. Description
11.2.2.3. Grade Portfolio
11.2.2.4. Financials (As per Availaibity)
11.2.2.5. Recent Developments
11.2.3. Arkema S.A.
11.2.3.1. Overview
11.2.3.2. Description
11.2.3.3. Grade Portfolio
11.2.3.4. Financials (As per Availaibity)
11.2.3.5. Recent Developments
11.2.4. Mitsubishi Gas Chemical Company Inc.
11.2.4.1. Overview
11.2.4.2. Description
11.2.4.3. Grade Portfolio
11.2.4.4. Financials (As per Availaibity)
11.2.4.5. Recent Developments
11.2.5. Kemira Oyj
11.2.5.1. Overview
11.2.5.2. Description
11.2.5.3. Grade Portfolio
11.2.5.4. Financials (As per Availaibity)
11.2.5.5. Recent Developments
11.2.6. Taekwang Industrial Co., Ltd.
11.2.6.1. Overview
11.2.6.2. Description
11.2.6.3. Grade Portfolio
11.2.6.4. Financials (As per Availaibity)
11.2.6.5. Recent Developments
11.2.7. Thai Peroxide Ltd.
11.2.7.1. Overview
11.2.7.2. Description
11.2.7.3. Grade Portfolio
11.2.7.4. Financials (As per Availaibity)
11.2.7.5. Recent Developments
11.2.8. Hansol Chemical Co. Ltd.
11.2.8.1. Overview
11.2.8.2. Description
11.2.8.3. Grade Portfolio
11.2.8.4. Financials (As per Availaibity)
11.2.8.5. Recent Developments
11.2.9. OCI COMPANY Ltd.
11.2.9.1. Overview
11.2.9.2. Description
11.2.9.3. Grade Portfolio
11.2.9.4. Financials (As per Availaibity)
11.2.9.5. Recent Developments
11.2.10. Nouryan
11.2.10.1. Overview
11.2.10.2. Description
11.2.10.3. Grade Portfolio
11.2.10.4. Financials (As per Availaibity)
11.2.10.5. Recent Developments
11.2.11. Indian Peroxide Ltd.
11.2.11.1. Overview
11.2.11.2. Description
11.2.11.3. Grade Portfolio
11.2.11.4. Financials (As per Availaibity)
11.2.11.5. Recent Developments
11.2.12. Gujarat Alkalies and Chemicals Ltd.
11.2.12.1. Overview
11.2.12.2. Description
11.2.12.3. Grade Portfolio
11.2.12.4. Financials (As per Availaibity)
11.2.12.5. Recent Developments
11.2.13. Other Key Players
11.2.13.1. Overview
11.2.13.2. Description
11.2.13.3. Grade Portfolio
11.2.13.4. Financials (As per Availaibity)
11.2.13.5. Recent Developments
12. Strategic Recommendations

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