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

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

Status : November, 2020 | Chemical & Materials | PPT format

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.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?