Hydrogen Peroxide Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 3.25 Billion |
| Market Size (2029) | USD 4.04 Billion |
| CAGR (2024 - 2029) | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Hydrogen Peroxide Market Analysis
The Hydrogen Peroxide Market size is estimated at USD 3.25 billion in 2024, and is expected to reach USD 4.04 billion by 2029, growing at a CAGR of greater than 4% during the forecast period (2024-2029).
- Over the medium term, 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 market growth.
- On the flip side, health hazards and side effects associated with exposure to hydrogen peroxide are likely to hinder the market's growth.
- However, factors such as newer opportunities for hydrogen peroxide in wastewater treatment and the growth of the electronic industry in developing Asian countries are likely to act as growth opportunities for the market.
- Asia-Pacific is expected to dominate the market and will witness the highest CAGR during the forecast period.
Hydrogen Peroxide Market Trends
Increasing Demand for the Paper and Pulp Industry
- In the paper and pulp industry, hydrogen peroxide is widely used as a bleaching agent to manufacture various types of fibers, including mechanical, chemical, or recyclable.
- In these industries, hydrogen peroxide is also used to optimize the bleaching of the pulp. As it helps reduce bleaching costs and decrease the color of effluents, hydrogen peroxide is also used to recirculate waste paper over another bleaching agent.
- An increase in online sales in the leading pulp and paper products markets, namely the United States and China, is partly due to the need for package innovation to improve product placement on shelves due to online shopping. Improved demand for raw materials and cardboard boxes is the reason for this increase.
- According to Brazilian paper and pulp company Suzano Papel e Celulose estimates, global pulp consumption will be valued at around 476 million metric tons by 2032.
- The United States stands to be the world鈥檚 second-largest paper-producing country. The United States, China (the world鈥檚 largest), and Japan (the third largest) account for more than half of the world鈥檚 total paper production. Several major paper manufacturers, like International聽Paper, Georgia-Pacific, Westrock, etc., operate in聽the聽country.鈥嬄犫�嬧�� The pulp and paper industry in the United States produces more than 70 million tons of聽paper and board yearly, as per the FAO data.聽鈥�
- The聽market for paper and paper products in India is estimated聽to reach USD 13.4 billion by 2024. This opens opportunities for the market during the聽forecast聽period.
- Therefore, the demand for paper and pulp is expected to increase due to all these trends, and it is also predicted that there will be an increased demand for hydrogen peroxide in the coming years.
The Asia-Pacific Region is expected to Dominate the Market
- Asia-Pacific, India, and China are the significant countries observing significant growth, and this trend is likely to be sustained during the forecast period.
- According to data released by the National Bureau of Statistics of China, the production of processed paper and cardboard in 2023 increased by about 5.89% and was valued at 145.31 million metric tons.
- According to the data released by the China Pulp and Paper Annual Report 2022, the total output of the pulp, paper, and paper products industry increased by 1.32% and was valued at 283.91 million tons.
- The cosmetics and personal care industry is one of the fastest-growing sectors in the country. Moreover, China is the world鈥檚 second-largest personal care products market due to increasingly sophisticated consumers, a large middle-class section of people, and continuous growth in population, which is another factor fueling the demand for personal care and skin care products.
- According to the National Bureau of Statistics of China, the cumulative retail value of cosmetic products in 2023 increased by about 7.09% and was valued at CNY 2,588.53 billion (~USD 366.28 billion).
- China has the largest electronics industry in the world. Consumer electronic products, such as smartphones, OLED TVs, and tablets, account for the highest growth in the market. According to data from the General Office of the State Council Operation, fixed-asset investment in China's electronic information manufacturing industry increased by about 9.3% Y-o-Y in 2023.
- India's share in global paper consumption is growing owing to the continuous rise in local demand. The demand for products such as tissue paper, filter paper, tea bags, lightweight online coated paper, and medical-grade coated paper, along with packaging of FMCG products marketed through organized retail, is expected to drive the paper and paper products market in India in the coming years.
- The Indian food industry is one of the prominent industries in the country. The increasing population is another factor boosting the demand for the food industry, which, in turn, is estimated to boost India's water treatment chemicals market. The Ministry of Food Processing Industry has sanctioned 42 mega food parks located in 24 states of India, and they are in different stages of implementation.
- Hence, with all such applications and robust demand in the region, Asia-Pacific is expected to be the largest market during the forecast period.
Hydrogen Peroxide Industry Overview
The hydrogen peroxide market is consolidated. The major players (not in any particular order) include Solvay, Evonik Industries AG, MITSUBISHI GAS CHEMICAL COMPANY INC., Arkema, and Kemira.
Hydrogen Peroxide Market Leaders
-
Solvay
-
Evonik Industries AG
-
MITSUBISHI GAS CHEMICAL COMPANY, INC.
-
Arkema
-
Kemira
*Disclaimer: Major Players sorted in no particular order
Hydrogen Peroxide Market News
- December 2023: Evonik Industries AG acquired Thai Peroxide Co. Ltd, a Thai-based manufacturer of peroxide products. The acquisition expanded the company's production capacity for producing different peroxide products, including hydrogen peroxide.
- October 2023: Dow and Evonik started the operation of a new pilot plant to produce hydrogen peroxide to propylene glycol (HPPG) at Evonik鈥檚 site in Hanau, Germany.
- September 2023: Shinsol Advanced Chemicals, a collaboration between Solvay and Shinkong Synthetic Fibers Corporation, started operation for a new production plant in Tainan, Taiwan. The plant will produce electronic-grade hydrogen peroxide with a production capacity of 35,000 tons per annum.
Hydrogen Peroxide Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Drivers
4.1.1 Rising Demand from the Paper and Pulp Industry
4.1.2 Increasing Consumption of Hydrogen Peroxide as Raw Material for Propylene Oxide Production (HPPO Process)
4.1.3 Other Drivers
4.2 Restraints
4.2.1 Health Hazards Associated with Long-term Exposure of Hydrogen Peroxide
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
4.5 Technological Snapshot
4.5.1 Production Process
4.5.2 Technology Licensing and Patent Analysis
4.6 Trade Analysis
4.7 Price Analysis
4.8 Supply Scenario
4.9 Regulatory Policies
5. MARKET SEGMENTATION (Market Size in Volume)
5.1 Product Function
5.1.1 Disinfectant
5.1.2 Bleaching
5.1.3 Oxidant
5.1.4 Other Product Functions (Cleaning Agent)
5.2 End-user Industry
5.2.1 Pulp and Paper
5.2.2 Chemical Synthesis
5.2.3 Wastewater Treatment
5.2.4 Mining
5.2.5 Food and Beverage
5.2.6 Cosmetics and Healthcare
5.2.7 Textiles
5.2.8 Other End-user Industries (Transportation, Electronics, Semiconductors, Aseptic Packaging, etc.)
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Malaysia
5.3.1.6 Thailand
5.3.1.7 Indonesia
5.3.1.8 Vietnam
5.3.1.9 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 Italy
5.3.3.4 France
5.3.3.5 Spain
5.3.3.6 NORDIC
5.3.3.7 Turkey
5.3.3.8 Russia
5.3.3.9 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Colombia
5.3.4.4 Rest of South America
5.3.5 Middle East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Nigeria
5.3.5.4 Qatar
5.3.5.5 Egypt
5.3.5.6 United Arab Emirates
5.3.5.7 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)**/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 Arkema
6.4.2 BASF SE
6.4.3 Chang Chun Group
6.4.4 Dow
6.4.5 Evonik Industries AG
6.4.6 Guangdong Zhongcheng Chemicals Inc. Ltd
6.4.7 Gujarat Alkalies and Chemicals Limited
6.4.8 Hodogaya Chemical Co. Ltd
6.4.9 Kemira
6.4.10 Kingboard Chemical Holdings Limited (Kingboard)
6.4.11 MITSUBISHI GAS CHEMICAL COMPANY INC.
6.4.12 National Peroxide Limited
6.4.13 Nouryon
6.4.14 Qingdao LaSheng Co. Ltd
6.4.15 Solvay
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Newer Opportunities for Hydrogen Peroxide in Wastewater Treatment
7.2 Growth of the Electronic Industry in Developing Asian Countries
Hydrogen Peroxide Industry Segmentation
Hydrogen peroxide can be found in diluted and concentrated forms. Diluted solutions have almost no odor, but stronger solutions have a sharp odor.
The hydrogen peroxide market is segmented by product function, end-user industry, and geography. The market is segmented by product function into disinfectant, bleaching, oxidant, and other product functions (cleaning). 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 (transportation, electronics, semiconductors, aseptic packaging, etc). The report also covers the market size and forecasts in 15 countries across major regions. For each segment, the market sizing and forecasts are done based on revenue (USD)
| Product Function | |
| Disinfectant | |
| Bleaching | |
| Oxidant | |
| Other Product Functions (Cleaning Agent) |
| End-user Industry | |
| Pulp and Paper | |
| Chemical Synthesis | |
| Wastewater Treatment | |
| Mining | |
| Food and Beverage | |
| Cosmetics and Healthcare | |
| Textiles | |
| Other End-user Industries (Transportation, Electronics, Semiconductors, Aseptic Packaging, etc.) |
| Geography | |||||||||||
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Hydrogen Peroxide Market Research FAQs
How big is the Hydrogen Peroxide Market?
The Hydrogen Peroxide Market size is expected to reach USD 3.25 billion in 2024 and grow at a CAGR of greater than 4% to reach USD 4.04 billion by 2029.
What is the current Hydrogen Peroxide Market size?
In 2024, the Hydrogen Peroxide Market size is expected to reach USD 3.25 billion.
Who are the key players in Hydrogen Peroxide Market?
Solvay, Evonik Industries AG, MITSUBISHI GAS CHEMICAL COMPANY, INC., Arkema and Kemira are the major companies operating in the Hydrogen Peroxide Market.
Which is the fastest growing region in Hydrogen Peroxide Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Hydrogen Peroxide Market?
In 2024, the Asia Pacific accounts for the largest market share in Hydrogen Peroxide Market.
What years does this Hydrogen Peroxide Market cover, and what was the market size in 2023?
In 2023, the Hydrogen Peroxide Market size was estimated at USD 3.12 billion. The report covers the Hydrogen Peroxide Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Hydrogen Peroxide Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Which end-use industries are driving the demand for the Hydrogen Peroxide Market?
The major end-use industries driving the demand for Hydrogen Peroxide Market include a) Pulp and Paper b) Food and Beverage c) Water Treatment, Healthcare and Electronics d) Textiles and Laundry
Hydrogen Peroxide Industry Report
The global hydrogen peroxide market is experiencing significant growth, driven by its diverse applications in industries such as pulp and paper, healthcare, water treatment, and food and beverage. Esteemed for its properties as a bleaching agent, disinfectant, and oxidant, hydrogen peroxide is crucial in sectors demanding high sanitization standards. The Asia Pacific region, in particular, is witnessing robust growth due to rapid industrialization and increased demand from end-use industries. Its role in environmental sustainability is highlighted by its use in water treatment to effectively reduce pollutants.
The market analysis reveals that despite the challenges like health risks from exposure and the need for careful handling, the versatility and efficacy of hydrogen peroxide drive its demand. Emerging applications in semiconductor manufacturing and mining offer new growth avenues. The industrial hydrogen peroxide sector benefits from advancements in analysis techniques, enhancing its application scope and efficiency. For detailed market insights, including statistics on market share, size, and growth rate, 糖心vlog传媒鈩� offers a comprehensive analysis with forecasts and historical overviews available as a free report PDF download.
The market size and market forecast indicate a positive trend, with industry analysis showcasing the significant role of hydrogen peroxide across various sectors. Industry reports and industry research highlight the importance of hydrogen peroxide in maintaining high standards of cleanliness and sanitation. The market leaders in this field continue to innovate, contributing to the overall market growth and market value.
Industry statistics and industry trends point towards a rising demand in the Asia Pacific region, propelled by rapid industrialization. Market segmentation shows varied applications across different end-user industries, reinforcing the market outlook for hydrogen peroxide. The market review and market overview provide a comprehensive understanding of its applications and benefits, with industry information emphasizing its critical role in environmental sustainability.
In conclusion, the hydrogen peroxide market is set for continued growth, supported by robust industry research and market data. The market predictions are optimistic, driven by the increasing need for effective disinfectants and bleaching agents. The report example and report PDF offer valuable insights into the market dynamics, ensuring stakeholders are well-informed about the industry outlook and market trends. The industry size and industry sales figures further underscore the importance of hydrogen peroxide in various applications, making it a vital component in several industrial processes.
