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
Historic Data
&#;
Forecast period
&#;
Quantitative units
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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.
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Updated on : November 23,
The global hydrogen peroxide market size was valued at USD 3.2 billion in and is projected to reach USD 4.0 billion by , growing at 5.0% cagr during the forecast period. Hydrogen peroxide plays a vital role in the chemical industry. These products are necessary raw materials in major bulk chemical industries and are utilized in various industrial and manufacturing value chains. The products are used in different applications, such as textile, food processing, electronics semiconductor, paper & pulp, and others, and find applications in diverse end-use industries (construction, automotive, and others). Thus, rising chemical output and strong economic conditions in emerging countries are expected to drive the growth of the market.
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Hydrogen peroxide is a disinfectant that destroys essential components of germ cells and can deactivate many microorganisms, including bacteria, viruses, fungi, and spores. Surface disinfectants have been growing due to the rising awareness regarding sanitization, health, and safety. Infectious diseases and diseases caused due to poor hygiene are major causes of mortality worldwide, highlighting the importance of regular cleaning and disinfection, especially in healthcare facilities where the risk of disease transmission is the highest. The Centers for Disease Control and Prevention (CDC) has estimated that Hospital-Acquired Infections (HAIs) account for 1.7 million infections and 99,000 associated deaths annually in the US. These infections include urinary tract infections, surgical site infections, and pneumonia. A wide range of products with different compositions is available in the market to prevent the occurrence and spread of HAIs and other infectious diseases. To meet the rising worldwide demand for cleaning, deodorizing, and disinfecting in high-traffic facilities, including office buildings, hotels, schools, nursing homes, and hospitals, due to the COVID-19 outbreak, the WHO has urged industry and governments to expand the production of antiseptics and disinfectants.
The growth of this market is driven by the rising awareness about sanitization, health, and safety; the increasing number of surgeries and growing prevalence of hospital-acquired infections; the proliferation of health clubs and gyms; and the impact of COVID-19. The lack of proper implementation of standard disinfection practices restrains the growth of this market. Additionally, the rising demand for disinfectants in emerging markets and the introduction of innovative disinfection products are expected to create opportunities for the players in this market. However, the availability of alternative solutions and the environmental and health hazards associated with the excessive use of disinfectants are major challenges to the growth of the surface disinfectants market.
Hydrogen peroxide causes irritation of the eyes, skin, and mucous membranes. Exposure of the eyes to concentrations of 5% or more may result in permanent vision loss. Hydrogen peroxide was found to be carcinogenic according to the tests conducted on animals by the American International Agency on Cancer Research (IARC). Several tests also showed that hydrogen peroxide is mutagenic and can damage the DNA. Inhalation of hydrogen peroxide in excessive quantities also leads to lung irritation, while skin exposure causes painful blisters, burns, and skin whitening. Lungs, intestines, thymus, liver, and kidneys are more susceptive to hydrogen peroxide.
A high level of cleanliness is required throughout the semiconductor manufacturing process to attain standard yield levels. Hence, amongst other chemicals, high-purity grades of hydrogen peroxide are used in RCA Clean (SC1, SC2), SPM (Piranha bath), and CMP slurries. Recent studies also concluded that the contamination level must be reduced during the production process by using high-purity chemicals, such as hydrogen peroxide. This will help increase hydrogen peroxide market value in semiconductor manufacturing applications and assist chip manufacturers in attaining the highest possible yield with no environmental pollution.
The usage of hydrogen peroxide can elucidate an old mining problem while considerably increasing the amount of copper extracted from the ore. The Froth flotation process is commonly used for mining base metals, such as copper, wherein the ore is mixed with water and then finely ground. This process increases the copper content by 10% to 15% over the original concentration in the ore (0.5% to 2.5% in the ore compared to 15% to 30% in the concentrate). A very small amount of hydrogen peroxide, when added at a specific concentration and specific point in the process, increases the yield by almost another 10% and reduces the problematic pyrite content in the concentrate. Thus, mining and metal extractors have increased hydrogen peroxide consumption to increase the amount of copper extracted.
Prices of hydrogen peroxide have been continuously increasing in the past five years and are expected to increase shortly due to the rising cost of raw materials, manufacturing, labor, packaging, and transportation. For instance, Arkema SA hiked the price of hydrogen peroxide by 15% in Europe to enable the company to restore its profitability generated through its high-performance materials segment.
Storage and transportation of hydrogen peroxide need special requirements, such as temperature control, contamination control, pressure control, and quality control, leading to rising costs for building and maintaining such storage facilities. Transportation also adds up to the cost. Some additives, such as flame retardants, antioxidants, and stabilizers, are added to hydrogen peroxide to increase stability. Prices of these additives have increased, resulting in increased hydrogen peroxide prices.
Hence, the increase in the prices of raw materials, transportation, packaging, and storage, has become a major challenge for the global industrial hydrogen peroxide market.
Source: Secondary research, primary research, and MarketsandMarkets Analysis
Hydrogen peroxide is used as an oxidizing agent in the treatment of groundwater containing iron, manganese, and rotten egg sulfur odor. It is more powerful than aeration, chlorine, and potassium permanganate. Hydrogen peroxide gets dissolved in water and produces dissolved oxygen, which creates an oxidizing effect. It does not leave any salt, metal, or chemical residue in the water.
Hydrogen peroxide is used in the treatment of air, water, wastewater, soil, and sludge, alone or in combination with other processes to enhance the effect. Hydrogen peroxide is used alone in odor control, corrosion control, biocontrol, inorganic oxidation, organic and metal oxidation, and biodegradability improvement. It is used in combination with other processes, such as air floatation, biotreatment, filtration, carbon absorption, and incineration.
Hydrogen peroxide is used in the chemical industry to produce inorganic chemicals, such as sodium/calcium hypochlorite, sulfur-containing compounds, and sodium cyanide. Sodium hypochlorite is widely used for bleaching, disinfection, and water treatment. Sodium cyanide is majorly used to extract gold and other precious metals in the mining industry. Several chemical compounds are derived from sodium cyanide, such as cyanuric chloride, cyanogen chloride, and various nitriles.
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The Asia Pacific held the largest share of 46.38% of the global industrial hydrogen market in and comprised fast-growing economies such as India, China, South Korea, and Indonesia. The growth is led by rapid industrialization and growing demand from end-use industries. Almost all the major players in the industry are focusing on developing countries in the Asia Pacific and are increasing their footprint by setting up manufacturing facilities, distribution centers, and R&D centers. Indonesia is projected to be the fastest-growing market in the region due to the fast-growing textile, pulp & paper, and chemical synthesis industries.
The Asia Pacific is the fastest-growing region for the industrial hydrogen peroxide market. It is mainly due to the overall high economic growth rates, followed by heavy investments in sectors, such as petrochemicals, chemical synthesis, power generation, automobile manufacturing, packaging, and electrical & electronics, and the presence of global manufacturing hubs. With the economic slowdown and saturation of markets in Western Europe and, to an extent, in North America, the market is inclined toward the Asia Pacific.
Solvay S.A. (Belgium), Evonik Industries AG (Germany), Arkema (France), Nouryon (Netherlands) and Taekwang Industrial Co. (South Korea) are the key players operating in the hydrogen peroxide market among others.
Report Metric
Details
Market Size Value in
USD 3.2 billion
Revenue Forecast in
USD 4.0 billion
CAGR
5.0%
Years Considered
-
Base year
Forecast period
-
Unit considered
Value (USD Million/USD Billion), Volume (Kilo Ton)
Segments
Grade, Application, End-Use Industry and Region
Regions
North America, Europe, Asia-Pacific, Middle East & Africa and South America
Companies
The major players are Solvay S.A. (Belgium), Evonik Industries AG (Germany), Arkema (France), Nouryon (Netherlands) and Taekwang Industrial Co. (South Korea) and others.
This research report categorizes the global Hydrogen Peroxide market on the basis of Grade, Application, End-Use Industry and Region.
The market has been further analyzed for the key countries in each of these regions.
What is the current size of global hydrogen peroxide market?
The global hydrogen peroxide market is projected to grow from USD 3.2 Billion in to USD 4.0 Billion by , at a CAGR of 5.0% during the forecast period.
How is the hydrogen peroxide market aligned?
The hydrogen peroxide market is fragmented., and has many global, regional and domestic players who have a very strong presence in the market. These players have strong and well-established procurement and distribution networks, which help in cost-efficient production.
Who are the key players in the global hydrogen peroxide market?
The key players operating in the hydrogen peroxide market, are Solvay S.A. (Belgium), Evonik Industries AG (Germany), Arkema (France), Nouryon (Netherlands) and Taekwang Industrial Co. (South Korea) are the key players operating in the hydrogen peroxide market in .
What are the latest ongoing trends in the hydrogen peroxide market?
The growing industrialization in emerging economies such as China, India, South Korea, Indonesia, Thailand, Taiwan, Mexico, Brazil, and Argentina is expected to drive the hydrogen peroxide market during the next five years. .
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