Hydrogen Peroxide Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

  • Single User License $3500

Hydrogen Peroxide Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

Status : September, 2021 | Chemical & Materials

Report Digest


Global Hydrogen Peroxide Market: Overview

Hydrogen peroxide (H2O2) is a chemical compound constituted of hydrogen and oxygen and has robust oxidizing properties. The wide range of applications of hydrogen peroxide mainly stem from its ability to oxidize a variety of organic and inorganic compounds and the amazing germicidal properties. The end users of the hydrogen peroxide market comprise a wide spectrum of industries such as paper and pulp, chemicals, pharmaceuticals, personal care and cosmetics, electronics and semiconductor, and agriculture.

Over the past few years, H2O2 has been widely used as a bleaching agent in the paper and pulp industry; large demand for paper in making various packaging solutions worldwide has triggered the use of H2O2 in the industry. Other major applications of hydrogen peroxide are its use in cleaning and etching of printed circuit boards (PCB). The market is propelled by a large number of emerging applications in the electronics and semiconductor industry, mining, metal extraction, oil and paints industry, and niche applications such as sterilization of surgical devices.

Global Hydrogen Peroxide Market: Trends

The hydrogen peroxide market is primarily driven by its wide ranging applications in three major industries: paper and pulp, electronics and semiconductor, and agriculture. The soaring demand for H2O2 in the pharmaceutical industry and for cleaning dental and surgical instruments is stimulated by its characteristic of being an excellent disinfectant. Extensive use of H2O2 in waste water treatment, municipal as well as industrial, and increasing application as a soil disinfectant to improve crop yield are the crucial factors expected to spur the demand for H2O2 in major regions.

A large number of application of paper and pulp in various end-use industries has catapulted the demand for H2O2 for manufacturing paper. Since hydrogen peroxide does not emit harmful effluents and emissions, it is widely preferred in waste water treatment and pollution measures. As a result, favorable environmental regulations in developing regions are expected to stimulate the demand for hydrogen peroxide for wastewater treatments and in remediation of soil and groundwater contaminated by organic and inorganic compounds.

Global Hydrogen Peroxide Market: Market Potential

Advances in production technology and niche applications in the electronic and semiconductor industry are expected to open exciting opportunities for leading manufacturers, especially in emerging markets. Producers in developing regions, mostly with active support from the respective governments, are bringing process improvements and opting for advanced technologies, which has helped them expand the capacity of the units. Consequently, various end-use industries spanning different nations get consistent supply of hydrogen peroxide, thus leading to a rapid evolution of the global market. This has helped the emerging players to consolidate their market presence in major geographic regions.

Recently, Solvay S.A., a global chemical company based in Belgium, partnered with United Chemical Company (UCC) to evaluate the construction of a new hydrogen peroxide production facility in Kazakhstan. The unit is anticipated to provide sustained supply of H2O2 to various Kazakh companies and several consumers in countries of Central Asia. UCC has been commissioned with active support from the Kazakhstan Government and the positive results of the evaluation are likely to boost the economy of the nation. The Belgian company claims that the new technology, called on-site myH2O2, makes the production process safe, viable, and reliable. Various patented innovations in production technology are expected to ensure a consistent supply of the compound to large remote consumers of hydrogen peroxide.

Global Hydrogen Peroxide Market: Regional Outlook

Asia Pacific is expected to witness tremendous growth along the forecast period. The regional growth is primarily attributed to robust growth in the paper and pulp industry in countries such as India, China, and other emerging nations in South Asia. The impressive growth of the textile industry, coupled with rising applications of hydrogen peroxide as an environment-friendly bleaching agent and the continuous growth of electronics industry in Asia Pacific, has boosted the regional market.

Furthermore, the soaring demand for H2O2 to be used as a disinfectant in wastewater treatment to address the pressing need for clean drinking water is expected to propel the regional market. Coupled with this, growing spending of a large number of consumers on sanitation products has stimulated the demand for hydrogen peroxide in personal care products. In addition, increasing use of H2O2 as a raw material to manufacture propylene oxide has led to the commercialization of the hydrogen peroxide propylene oxide (HPPO) process, further fuelling the market in Asia Pacific.

Global Hydrogen Peroxide Market: Competitive Analysis

The global hydrogen peroxide market is slightly consolidated with prominent players adopting mergers and acquisitions as a key strategy to consolidate their market shares in various regions. Major companies vying for a significant share in the global hydrogen peroxide market include Solvay S.A., Kemira Oyj, The Dow Chemical Company, Akzo Nobel, Hansol Chemical Co. Ltd., Mitsubishi, Arkema, Aditya Birla Chemicals Ltd., and Evonik Industries AG.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?