Hydrogen Peroxide Market Size, Growth & Forecast, 2032

Description

H1 : The prominent producers of Hydrogen Peroxide on a global scale in H1 were Solvay, Mitsubishi Gas Chemical Company (MGC), and Evonik Industries AG. However, Solvay held the largest production capacity of hydrogen peroxide in H1 all across the globe. In May , Luxi Chemical Group, a subset of Sinochem Holdings, faced a fire incident at its Hydrogen Peroxide plant, located in Liaocheng in Shandong province of China. The accident affected lives of 9 people out of which 1 was missing and the remaining 8 were heavily injured. Based on consumption, Asia Pacific region was the leading consumer of Hydrogen Peroxide in H1 . However, Hydrogen peroxide prices in Asian countries were low in January as a result of sluggish demand from downstream end-user industries including the paper sector. However, soon, manufacturing activity increased throughout Asia as the market activity was improved. In March , the price of hydrogen peroxide in China accelerated and increased. The demand for hydrogen peroxide increased in China as a result of an increase in inquiries from downstream end users including the paper industry. In April , the price of hydrogen peroxide on the market increased sharply in China as there was hike in demand from pulp and paper sectors of the Chinese market. However, in May and June , the price curve for hydrogen peroxide remained downward due to ample of inventories in the Asian countries. 

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H1 : In , the global demand of Hydrogen peroxide reached approximately thousand tonnes with a growth of 5.52% in comparison to H1 . During H1 , the total production had reached thousand tonnes. They key producers of Hydrogen Peroxide were Solvay, Evonik Industries AG, and Mitsubishi Gas Chemical Company (MGC). Solvay was leading in terms of production and held a market share of approximately 25% in H1 . However, Asia Pacific was leading in terms of consumption followed by Europe and North America. Hydrogen prices increased in China in June as a result of the growth in the need for better hygiene practices. Meanwhile, the price of anthraquinone from China's upstream supply was disrupted, while Palladium from Russia was low in supply because of the ongoing crisis between Russia and Ukraine, which led to a hike in the prices of hydrogen peroxide in India. In the anthraquinone process, anthraquinone (AQ) catalyses the hydrogenation and autoxidation of dihydrogen to hydrogen peroxide with dioxygen from air via two steps. However, prices were quite stable in Japan. However, in May, Europe experienced a downward trajectory owing to the strong domestic anthraquinone inventories and exorbitant hydrogen peroxide stockpiles. However, from June, the prices began to rise due to insufficient upstream anthraquinone supply from Asia Pacific countries like China. 

 

H2 : In H2 , the production rate was bit higher than H1 . During H2 , the hydrogen peroxide production levels reached a volume of approximately thousand tonnes. Asia Pacific consumed the major shares of the net Hydrogen peroxide market. However, due to the sluggish economy in the beginning of H2 , the price of hydrogen peroxide fell across China. It was observed that the cost of upstream anthraquinone was reduced by the consistent Russian supply of natural gas. Due to the uptick in paper demand in the downstream packaging industry, prices however rose. Japan's pricing trend for hydrogen peroxide was similar to that of China. A sluggish market was also observed across Europe in H2 . Due to inadequate operation rates brought on by high energy prices in Europe, demand in the downstream paper and pulp industry was extremely low in the European markets. Due to diminished bleaching requirements in industries as a result of subpar run rates, the consumer demand for the paper items were faded in Europe. North America faced a sluggish hydrogen peroxide market in H1 with low production cost of the product. The main reason for the hydrogen peroxide cost reduction was mainly due to the low price of natural gas as a feedstock in the United States. Another reason like rise in inflation across U.S. was the low demand from the downstream sector.

 

The global Hydrogen Peroxide market has swelled to reach demand of approximately thousand tonnes in and is expected to grow at a CAGR of 5.88% during the forecast period until . 

 

Hydrogen peroxide is a chemical compound which displays amazing oxidizing properties. In the paper and pulp sector, it functions as a bleaching agent to boost brightness levels, enhance brightness stability, and lower production costs. The use of hydrogen peroxide helps to reduce the amount of harmful halogenated substances and effluents present in pulp. Additionally, it makes the effluent's colour lighter. Hydrogen peroxide is also used to bleach mechanical pulp produced by the traditional groundwood method to reach high brightness levels. It is used along with caustic soda to stabilise and buffer wood pulp while removing traces of heavy metals. The most used textile bleaching agent is hydrogen peroxide. It is used to bleach natural cellulose-based fibres from plants and animals, including cotton, linen, and other fibres. Hydrogen peroxide has a strong bleaching effect among oxidizing agents and is comparably inexpensive.

 

The hydrogen peroxide market is expected to witness major expansion with the increasing demand from the pulp and paper industry.  In the textile sector, hydrogen peroxide is frequently employed as a bleaching agent, which significantly adds to the market growth rate. Foods products like wheat flour and rice are cleaned and bleached using hydrogen peroxide to enhance color which further contributes to the hydrogen peroxide market expansion. The global Hydrogen Peroxide market is expected to expand significantly and touch nearly thousand tonnes by .

 

Based on demand by region, Asia Pacific dominates the global Hydrogen Peroxide market followed by Europe. In , Asia Pacific consumed approximately 35% of total Hydrogen Peroxide globally produced. This region is anticipated to foresee a market expansion in the forecast period as it is a hub for paper consumption, textile production, healthcare, and personal care products and has a presence of a huge population. Asia Pacific also holds the majority production capacity of Hydrogen Peroxide with China being the key player. Furthermore, China is the hub of polymers and plastics, and many companies have set up manufacturing plants. However, Europe is the second largest consumer of Hydrogen Peroxide. With the increasing demand in the European market for numerous personal care goods, the demand for hydrogen peroxide will most likely rise in future. Germany plays a significant role in the expansion of the European market. Additionally, the prominence of major firms like Solvay S.A., Evonik Industries A.G., and Arkema S.A. fosters competition for the development of this region.

 

Based on the end-user industry, the global Hydrogen Peroxide market is segmented into Paper & Pulp, Textiles, Water & Waste Water Treatment, Food Processing, Electronics & Semiconductors, Pharmaceuticals, and Others. Among these, the Paper & Pulp industry is dominating the Hydrogen Peroxide market. This industry consumed approximately 47% of the market in and is anticipated to domain the market in the forecast period as well. Hydrogen Peroxide is frequently used in the paper industry to produce high-quality paper and packaging purposes. Globally, rate of paper consumption has been rising over the past few years and is likely to augment market expansion in future. However, the textiles sector also uses hydrogen peroxide extensively and constitutes a sizeable portion of the market. Furthermore, due to its powerful oxidizing capacity, hydrogen peroxide is used as a bleaching agent in certain edible products including wheat flour, edible oil, egg white, etc. in countries like the US, Canada, Australia, and New Zealand.

 

Major players in the production of Global Hydrogen Peroxide are Evonik Industries AG, SOLVAY, Arkema S.A, Mitsubishi Gas Chemical Company (MGC), Sunkyong Chemicals Ltd., Oci Chemicals, National Peroxide Limited (NPL), Indian Peroxide Limited (IPL), Eka Chemicals, Kemira Oyj, Taekwang Industrial Co. ltd., and Others. 

 

Years considered for this report:

Historical Period: -

Base Year:

Estimated Year:

Forecast Period: -

 

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Objective of the Study: 

&#; To assess the demand-supply scenario of Hydrogen Peroxide which covers production, demand and supply of Hydrogen Peroxide market in the globe.

&#; To analyse and forecast the market size of Hydrogen Peroxide 

&#; To classify and forecast Global Hydrogen Peroxide market based on end-use and regional distribution.

&#; To examine competitive developments such as expansions, mergers & acquisitions, etc., of Hydrogen Peroxide market in the globe.

 

To extract data for Global Hydrogen Peroxide market, primary research surveys were conducted with Hydrogen Peroxide manufacturers, suppliers, distributors, wholesalers, and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Hydrogen Peroxide market over the coming years. 

 

ChemAnalyst calculated Hydrogen Peroxide demand in the globe by analyzing the historical data and demand forecast which was carried out considering the historical extraction and supply and demand of Hydrogen Peroxide across the globe. ChemAnalyst sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst. 

 

 

Key Target Audience:

&#; Hydrogen Peroxide manufacturers and other stakeholders

&#; Organizations, forums and alliances related to Hydrogen Peroxide distribution

&#; Government bodies such as regulating authorities and policy makers

&#; Market research organizations and consulting companies

 

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Hydrogen Peroxide manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

 

Report Scope:

In this report, Global Hydrogen Peroxide market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

 

 

Attribute

 

 

Details

 

Market size Volume in

thousand tonnes

Market size Volume by

thousand tonnes

Growth Rate

CAGR of 5.88% from to

Base year for estimation

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Historic Data

 &#;

Forecast period

&#;

Quantitative units

Demand in thousand tonnes and CAGR from to

 

Report coverage

Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade

 

Segments covered

By End-Use: (Paper & Pulp, Textiles, Water & Waste Water Treatment, Food Processing, Electronics & Semiconductors, Pharmaceuticals, and Others)

By Sales Channel: (Direct Sale and Indirect Sale)

Regional scope

North America, Europe, Asia Pacific, Middle East and Africa, and South America.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. 

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Available Customizations:

With the given market data, ChemAnalyst offers customizations according to a company&#;s specific needs.

 

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High Purity Hydrogen Peroxide Market Growth Overview

High Purity Hydrogen Peroxide Market Key Growth Drivers

Who are the biggest manufacturers in the globe for the High Purity Hydrogen Peroxide Market?

High Purity Hydrogen Peroxide Market Analysis of Market Segmentation

High Purity Hydrogen Peroxide Market By Type

High Purity Hydrogen Peroxide Market By Applications

Full Table of Contents for Global High Purity Hydrogen Peroxide Market Research Report, &#; 

1. Introduction of the High Purity Hydrogen Peroxide Market

2. Executive Summary

3. Research Methodology of Verified Market Reports

4. High Purity Hydrogen Peroxide Market Outlook

5. High Purity Hydrogen Peroxide Market, By Product

6. High Purity Hydrogen Peroxide Market, By Application

7. High Purity Hydrogen Peroxide Market, By Geography

8. High Purity Hydrogen Peroxide Market Competitive Landscape

9. Company Profiles

10. Appendix

Frequently Asked Questions about High Purity Hydrogen Peroxide Market

1. What is high purity hydrogen peroxide? High purity hydrogen peroxide is a chemical compound with a concentration of 35% or higher, typically used in various industries such as electronics, healthcare, and aerospace.
2. What are the key applications of high purity hydrogen peroxide? High purity hydrogen peroxide is used for semiconductor manufacturing, sterilization, and propellant applications in the aerospace industry, among other uses.
3. What is the current market size of the high purity hydrogen peroxide industry? As of , the global high purity hydrogen peroxide market was valued at $X billion and is projected to grow at a CAGR of X% from to .
4. What are the major factors driving the growth of the high purity hydrogen peroxide market? The increasing demand for high purity hydrogen peroxide in healthcare and electronics industries, as well as its eco-friendly properties, are driving market growth.
5. Which regions are expected to dominate the high purity hydrogen peroxide market? North America and Europe are expected to dominate the high purity hydrogen peroxide market due to their strong presence in industries such as healthcare and semiconductor manufacturing.
6. What are the key challenges faced by the high purity hydrogen peroxide market? Regulatory restrictions and the availability of substitutes are some of the key challenges faced by the high purity hydrogen peroxide market.
7. Who are the major players in the high purity hydrogen peroxide market? Key players in the high purity hydrogen peroxide market include Solvay, Evonik Industries, PeroxyChem, and Arkema, among others.
8. How does the high purity hydrogen peroxide market contribute to sustainability? High purity hydrogen peroxide is considered environmentally friendly as it decomposes into oxygen and water, reducing the environmental impact of its use.
9. What are the emerging trends in the high purity hydrogen peroxide market? The adoption of high purity hydrogen peroxide in wastewater treatment and the development of novel applications are emerging trends in the market.
10. What are the opportunities for investment in the high purity hydrogen peroxide market? Investment opportunities exist in R&D for new applications, expansion of production facilities, and strategic partnerships with key industry players.
11. How is the high purity hydrogen peroxide market impacted by the COVID-19 pandemic? The market experienced some disruptions in supply chains and demand from certain industries during the pandemic, but the overall impact has been moderate.
12. What are the regulatory standards and certifications relevant to the high purity hydrogen peroxide market? Regulatory standards such as ISO and ISO , as well as compliance with REACH and OSHA regulations, are relevant to the high purity hydrogen peroxide market.
13. How can businesses strategize for market entry in the high purity hydrogen peroxide industry? Businesses can strategize for market entry by conducting thorough market research, understanding customer needs, and developing innovative solutions for specific industry sectors.
14. What is the role of high purity hydrogen peroxide in the electronics industry? High purity hydrogen peroxide is used for cleaning and etching processes in semiconductor manufacturing, contributing to the production of advanced electronic devices.
15. How does the high purity hydrogen peroxide market contribute to the healthcare sector? High purity hydrogen peroxide is used for sterilization of medical equipment, surfaces, and pharmaceutical production, ensuring high levels of hygiene and safety in healthcare settings.
16. What are the advantages of high purity hydrogen peroxide compared to other disinfectants/sterilants? High purity hydrogen peroxide offers advantages such as rapid biocidal activity, non-toxic byproducts, and compatibility with a wide range of materials and surfaces.
17. How is the high purity hydrogen peroxide market influenced by technological advancements? Technological advancements in production processes, packaging, and application methods are driving efficiency and innovation in the high purity hydrogen peroxide market.
18. What are the future prospects for the high purity hydrogen peroxide market? The market is expected to witness significant growth driven by expanding applications in various industries, investments in research and development, and increasing focus on sustainability.
19. How can businesses stay updated about the latest developments in the high purity hydrogen peroxide market? Businesses can stay updated by subscribing to industry publications, attending relevant conferences and trade shows, and monitoring market research reports and industry insights.

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