[Online Quarterly Update] Hydrogen Peroxide demand stood at around 3.7 million tonnes as of 2021 and is expected to reach around 8.3 million tonnes by 2035, registering a healthy CAGR of 5.93%. The paper and pulp industry accounted for the highest market share owing to the application of hydrogen peroxide as a strong bleaching agent to bleach mechanical pulp, chemical pulp, and recycled fibers. In the paper industry, it is widely used for quality paper for packaging and sanitary applications. Paper consumption has been increasing steadily over the last few years, and Hydrogen Peroxide, being an environment-friendly emission-free product, finds wide application in the paper processing and waste treatment industry. As per FAO (Food and Agricultural Organization), packaging paper, paperboard, and sanitary paper application accounts for around more than 60% share in the global paper products every year.
Based on end uses, Hydrogen Peroxide market is segmented into Paper & Pulp, Textiles, Water & Wastewater Treatment, Food Processing, Electronics & Semiconductors, Pharmaceuticals, and others. Paper & Pulp segment dominates the hydrogen peroxide market, and it is anticipated to maintain its dominance over the forecast period. Hydrogen peroxide is a versatile bleaching agent that serves a wide range of applications in Paper & Pulp industry. As a bleaching agent, it increases brightness levels, improves brightness stability, and also reduces manufacturing costs. Harmful halogenated compounds and effluents found in pulp are minimized due to the use of hydrogen peroxide. In addition, it also lightens the color of the effluent. Mechanical pulp derived from the conventional groundwood process is also bleached using hydrogen peroxide to very high brightness levels. It is applied in combination with caustic soda for stabilization and buffering and as a chelant for sequestering heavy metal traces in wood pulp.
Removal of printing ink is crucial in paper recycling when fibers are reused to produce printing papers. Hydrogen peroxide is widely used for fiber brightening. A trace amount of hydrogen peroxide is sufficient to improve the brightness and prevent alkaline yellowing.
With rising awareness about healthy lifestyles and safe drinking water, the application of hydrogen peroxide in the wastewater treatment segment is expected to grow and drive market growth over the forecast period. The overall hydrogen peroxide market shall prosper in terms of volume at a CAGR of over 5.9% in the upcoming year, owing to the rising awareness among end-use industries regarding its versatile property and being environmentally friendly.
The pandemic outbreak worldwide, which has been declared a pandemic by the World Health Organization, has affected several countries adversely. Leading authorities worldwide-imposed lockdown restrictions and released a set of preventive measures to contain the spread of COVID-19. Chemical Industry was adversely affected as production units were temporarily shut down, and supply chain activities were also hampered. Hydrogen Peroxide is used as a key ingredient in hand sanitizers, whose demand has increased tremendously across the globe. Even at low concentrations, Hydrogen Peroxide acts as an effective antibacterial agent. Therefore, it is widely applicable in healthcare and cosmetics industries, such as wound disinfectant, sterilization of medical equipment, and can be used as a mouth wash.
Region-wise, Asia Pacific accounts for the majority share in the Hydrogen Peroxide market, and this trend is likely to continue throughout the forecast period. This region is the epicenter for paper consumption, textile production, healthcare, personal care, etc., due to the presence of a huge population and to satisfy the growing needs. North America and Europe also held significant volume for the product, and this opportunity has been well capitalized by players such as Solvay S.A., Evonik Industries SA, The Dow Chemical Company, etc., who have gone for acquisitions and newer models of partnerships to develop their process technologies. In February 2020, Evonik also acquired PeroxyChem LLC to gain a strong foothold in the Hydrogen Peroxide business. These drivers paint a strong demand for Hydrogen Peroxide during the forecast period, 2022-2035.
Some of the major players operating in the Hydrogen Peroxide market are Solvay S.A., Evonik Industries AG, Arkema S.A, Mitsubishi Gas Chemical Company (MGC), Eka Chemicals Inc, and others.
Years considered for this report:
Historical Period: 2015-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023–2035
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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 globally.
• To analyze and forecast the market size of Hydrogen Peroxide.
• To classify and forecast Hydrogen Peroxide market based on end-use, sales channel and regional distribution.
• To identify drivers and challenges for Hydrogen Peroxide market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Hydrogen Peroxide market.
• To identify and analyze the profile of leading players involved in the manufacturing of Hydrogen Peroxide.
To extract data for Hydrogen Peroxide market, primary research surveys were conducted with Hydrogen Peroxide manufacturers, suppliers, distributors, wholesalers, and end users. 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 end user segments and projected a positive outlook for Hydrogen Peroxide market over the coming years.
ChemAnalyst calculated Hydrogen Peroxide demand globally by analyzing the historical data and demand forecast which was carried out considering growth of end use industries coupled with raw material prices used for the production of Hydrogen Peroxide. 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, Hydrogen Peroxide market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
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Attribute
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Details
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Market size volume by 2035
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8.3 million tonnes
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Market size value by 2035
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USD 6408 Million
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Growth Rate
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CAGR of 5.93% from 2022 to 2035
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Base year
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2021
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Historic Data
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2015-2020
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Forecast period
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2023 – 2035
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Quantitative units
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Demand in Million tonnes and CAGR from 2022 to 2035
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Report coverage
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Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends
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Segments covered
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End-Use (Paper & Pulp, Textiles, Water & Wastewater Treatment, Food Processing, Electronics & Semiconductor, Pharmaceuticals, and others)
Sales Channel (Direct Sale, and indirect sale)
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Regional scope
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North America; Europe; Asia Pacific; South America; Middle East & Africa
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Country scope
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United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina
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Key companies profiled
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Solvay S.A., Evonik Industries AG, Arkema S.A, Mitsubishi Gas Chemical Company (MGC), Eka Chemicals Inc, and others. |
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Customization scope
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Free report customization with purchase. Addition or alteration to country, regional & segment scope.
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
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