Hydrogen Peroxide Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Hydrogen Peroxide Market is segmented by Product Function (Disinfectant, Bleaching, Oxidant, and Other Product Functions), End-user Industry (Pulp and Paper, Chemical Synthesis, Wastewater Treatment, Mining, Food and Beverage, Cosmetics and Healthcare, Textiles, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for Hydrogen Peroxide Market in volume (kilo tons) for all the above segments.

Market Snapshot

Hydrogen Peroxide Market Summary
Study Period: 2017-2027
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >3 %
Hydrogen Peroxide Market Major Players

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The hydrogen peroxide market was valued at around 5,000 kilotons in 2021, and the market is projected to register a CAGR of over 3% during the forecast period (2022-2027).

Hydrogen peroxide is primarily used in the paper and pulp industry as a bleaching agent and an oxidant in the mining sector. It's also seen in medical cabinets and first-aid kits because of its antiseptic characteristics. Hydrogen peroxide is used as an oxidizing agent in the electronics sector. It is used as a mordant in producing printed circuit boards and as an oxidizing and cleaning agent in producing semiconductors. All of these elements are likely to influence the market under consideration throughout the forecast period positively.

  • Rising demand from the paper and pulp industry and increasing consumption of hydrogen peroxide as raw material for propylene oxide production (HPPO Process) are expected to drive the market growth.
  • Health hazards and side effects associated with exposure to hydrogen peroxide are likely to hinder the market's growth.
  • The growth of the electronic industry in developing Asian countries and the usage of hydrogen peroxide in water treatment will likely increase the demand for the market studied.
  • The Asia-Pacific region is expected to dominate the market and will also witness the highest CAGR during the forecast period.

Scope of the Report

Hydrogen peroxide can be found in diluted as well as concentrated forms. Diluted solutions have almost no odor, but stronger solutions have a sharp odor. The production process includes catalytic reduction by hydrogen of a substituted anthraquinone dissolved in a mixed aromatic hydrocarbon solvent to produce anthraquinol, which is further subjected to aerial oxidation to yield anthraquinone and hydrogen peroxide. The hydrogen peroxide market is segmented by product function, end-user industry, and geography. By product function, the market is segmented into disinfectant, bleaching, oxidant, and other product functions. By end-user industry, the market is segmented into pulp and paper, chemical synthesis, wastewater treatment, mining, food and beverage, cosmetics and healthcare, textiles, and other end-user industries. The report also covers the market size and forecasts in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on volume (kiloton).

Product Function
Disinfectant
Bleaching
Oxidant
Other Product Functions
End-user Industry
Pulp and Paper
Chemical Synthesis
Wastewater Treatment
Mining
Food and Beverage
Cosmetics and Healthcare
Textiles
Other End-user Industries ( Paints and coatings, Agriculture, etc.)
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
Italy
France
Nordic Countries
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

Report scope can be customized per your requirements. Click here.

Key Market Trends

Increasing Demand from the Pulp and Paper Industry

  • Hydrogen peroxide is extensively used in the paper and pulp industry as a bleaching agent to produce various types of pulps, including mechanical, chemical, and recyclable pulps. It is also used to optimal whiten the pulps for these industries.
  • Hydrogen peroxide also finds its application in the re-pulping of wastepaper over other bleaching agents, as it aids in reducing the bleaching costs and decreases the effluent color.
  • The major pulp and paper goods markets, namely the United States and China, are witnessing an increase in online sales. Part of the reason for this is that internet shopping has necessitated package innovation to improve product placement on shelves. This increase is due to increased demand for raw materials and corrugated boxes.
  • India's proportion of global paper consumption is increasing as local demand continues to rise at a constant rate. The demand for upstream paper products (such as tissue paper, filter paper, tea bags, lightweight online coated paper, and medical-grade coated paper), along with the demand for better quality packaging of FMCG products marketed through organized retail, is expected to drive the paper & paper products market in India in the coming years.
  • The aforementioned factors will likely increase the demand for hydrogen peroxide over the forecast period.
Hydrogen Peroxide Market, Volume (%), by End-user Industry, Global, 2021

China to Dominate the Market in the Asia-Pacific Region

  • In Asia-Pacific, China is the largest economy in terms of GDP. China is one of the fastest-growing economies globally, and almost all the end-user industries have been growing, owing to the rising population, living standards, and per capita income.
  • China is a hub for chemical processing, accounting for a significant chunk of the chemicals produced globally. With the increasing demand for various chemicals, this sector's demand for hydrogen peroxide is projected to rise during the forecast period.
  • Paper and paper product producers earned a revenue of more than 1.3 trillion RMB (about 201 billion USD), with a gross profit of 82.67 billion RMB (about 13 billion USD), a 21.2 percent year-on-year increase, according to data issued by the Chinese National Bureau of Statistics.
  • The electronics industry in China is the largest in the world. Electronic products, such as smartphones, OLED TVs, tablets, etc., have the highest growth in the market in the consumer electronics segment. According to data from the Ministry of Business and Information Technology (MIIT), China's electronic information manufacturing industry grew steadily in the first eight months of 2021.
  • Therefore, the market for hydrogen peroxide in the region is expected to have a steady growth during the forecast period.
Hydrogen Peroxide Market - Growth Rate by Region, 2022-2027

Competitive Landscape

The hydrogen peroxide market is consolidated in nature, with the top five players occupying nearly 70% of the market. Most companies focus on expanding their production capacities, primarily in the Asia-Pacific region. Some of the major players (not in any particular order) in the market include Solvay, Evonik Industries AG, MITSUBISHI GAS CHEMICAL COMPANY INC., Arkema, and Kemira, among others.

Recent Developments

  • The recent developments pertaining to the major players in the market are being covered in the complete study.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Rising Demand from the Paper and Pulp Industry

      2. 4.1.2 Increasing Consumption of Hydrogen Peroxide as Raw Material for Propylene Oxide Production (HPPO Process)

    2. 4.2 Restraints

      1. 4.2.1 Health Hazards Associated with Long-term Exposure of Hydrogen Peroxide

      2. 4.2.2 Unfavorable Conditions Arising Due to the Impact of COVID-19

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

    5. 4.5 Technological Snapshot

      1. 4.5.1 Production Process

      2. 4.5.2 Technology Licensing and Patent Analysis

    6. 4.6 Trade Analysis

    7. 4.7 Price Analysis

    8. 4.8 Supply Scenario

    9. 4.9 Regulatory Policies

  5. 5. MARKET SEGMENTATION (Market Size in Volume)

    1. 5.1 Product Function

      1. 5.1.1 Disinfectant

      2. 5.1.2 Bleaching

      3. 5.1.3 Oxidant

      4. 5.1.4 Other Product Functions

    2. 5.2 End-user Industry

      1. 5.2.1 Pulp and Paper

      2. 5.2.2 Chemical Synthesis

      3. 5.2.3 Wastewater Treatment

      4. 5.2.4 Mining

      5. 5.2.5 Food and Beverage

      6. 5.2.6 Cosmetics and Healthcare

      7. 5.2.7 Textiles

      8. 5.2.8 Other End-user Industries ( Paints and coatings, Agriculture, etc.)

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 ASEAN Countries

        6. 5.3.1.6 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

        4. 5.3.2.4 Rest of North America

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Nordic Countries

        6. 5.3.3.6 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Arkema

      2. 6.4.2 BASF SE

      3. 6.4.3 Chang Chun Group

      4. 6.4.4 Dow

      5. 6.4.5 Evonik Industries AG

      6. 6.4.6 Grasim

      7. 6.4.7 Guangdong ZhongCheng Chemicals Co. Ltd

      8. 6.4.8 Gujarat Alkali and Chemicals Ltd

      9. 6.4.9 Hodogaya Chemical Co. Ltd

      10. 6.4.10 Kemira

      11. 6.4.11 Kingboard Holdings Limited

      12. 6.4.12 Merck KGaA

      13. 6.4.13 MITSUBISHI GAS CHEMICAL COMPANY INC.

      14. 6.4.14 National Peroxide Ltd

      15. 6.4.15 Nouryon

      16. 6.4.16 PeroxyChem

      17. 6.4.17 Solvay

      18. 6.4.18 Qingdao LaSheng Co. Ltd

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Newer Opportunities for Hydrogen Peroxide in Wastewater Treatment

    2. 7.2 Growth of the Electronic Industry in Developing Asian Countries

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Hydrogen Peroxide Market market is studied from 2017 - 2027.

The Hydrogen Peroxide Market is growing at a CAGR of >3% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2021.

Solvay, Evonik Industries AG, MITSUBISHI GAS CHEMICAL COMPANY, INC., Arkema, Kemira are the major companies operating in Hydrogen Peroxide Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!