H1 2023: The major producers of Hydrogen Peroxide in North America in H1 2023 were Arkema Industries and Evonik Industries. The prices for sodium lignosulphonate increased in the US market from January 2023 to April 2023. However, prices spiked in February 2023 in the US because the pressure on the supply side rose, which caused the manufacturer's quotations to rise. The fundamentals of the market have been impeded by high inflationary pressures and fluctuating energy prices, which has impacted trade activity. The downstream paper and pulp companies curated a higher demand for hydrogen peroxide in February 2023. In March 2023, the release of the inventories increased due to a significant number of requests from the end-use industries. The bankruptcy of two banks has raised fears in the economy, which made the price issues worse. The debt crisis that occurred in May 2023 as a result of the failure of major US banks had a significant impact on the US Hydrogen Peroxide market. The market for hydrogen peroxide continued to trend downward. The market participants were under pressure in June 2023 due to the slender cost support provided by the feedstock and the cost of natural gas. The paper industry, which is the primary consumer of the material, had weak downstream demand, which forced market participants to maintain lower pricing in the US.
H1 2022: In 2022, North America’s production of Hydrogen peroxide had reached approximately 950 thousand tonnes. During H1 2022, the key producers of Hydrogen Peroxide were Evonik Industries, Arkema Industries, Eka Chemicals. Evonik Industries is one of the leading producers of Hydrogen Peroxide with a total of 18 hydrogen production sites across the globe out of which 11 are situated in North America. The North America Hydrogen Peroxide market witnessed mixed market in H1 2022. The US hydrogen peroxide market saw price increase from January 2022 due to increased demand for hydrogen peroxide as a cleaning agent. In the US hydrogen peroxide market, inventory levels were fairly high in the local markets in May 2022, which led to decline in the product prices in the local market. However, prices started to rise at the end of June 2022 due to a steady decline in the availability of the raw materials. Disrupted supplies of anthraquinones from China and a shortage of catalytic palladium in the United States led to the the price increase of hydrogen peroxide in the region.
H2 2022: During H2 2022, the hydrogen peroxide prices fluctuated in the North American region. The prices of Hydrogen Peroxide in the American market decreased in July 2022 due to the decline in the consumption of hydrogen peroxide by the downstream paper and pulp industries. The increase in the production of natural gas in the USA led to the Hydrogen Peroxide price drop which decreasing the cost of upstream anthraquinone in the regional market. However, the hydrogen peroxide prices began to increase in mid-August 2022 owing to the rise in the demand of Hydrogen Peroxide from the paper and pulp industry. The price of hydrogen peroxide in the US market fell in October 2022. The main reason for the drop in the cost of hydrogen peroxide is mainly due to the fall in the price of natural gas as a feedstock in the United States. Additionally, the inflation in hydrogen peroxide had reduced the demand from the downstream sector of pulp and paper across the US-based manufacturers.
The North America Hydrogen Peroxide market stood at nearly 950 thousand tonnes in 2022 and is expected to grow at a healthy CAGR of 6.13% during the forecast period until 2032. The rise in demand for Hydrogen Peroxide due to its properties such as antiseptic and effective bleaching properties makes it highly suitable for application in paper & pulp and the healthcare industry across North America which is likely to swell the demand for Hydrogen Peroxide in the region.
In many different industries, including textile, water treatment, energy and chemicals, semiconductors, and others, hydrogen peroxide is widely used for bleaching, sterilising, cleaning, and extraction process. As an oxidising agent, hydrogen peroxide helps personal care and hygiene products including toothpaste, mouthwash, bathroom cleaners and laundry stain removers brighten and whiten. Hydrogen peroxide is used as a mordant in the production of printed circuit boards and as an oxidising and cleaning agent in the manufacture of semiconductors. Natural cellulose-based fibres like cotton, linen, and other bast fibres are often bleached using this method.
Hydrogen peroxide has several uses in the chemical industry in various sectors. The market has grown over the years due to the wide range of applications it can perform due to its high oxidizing power. Due to an increase in demand from the disinfecting application across various industries, which has grown to be a prominent application area, the market revenue is expected to experience a hike. However, the market in North America will most likely expand at a moderate rate due to increased application volume in end-user industries including paper & pulp and chemicals. Due to a decline in paper consumption, digitalization may limit the use of hydrogen peroxide in the pulp and paper industry, which could impede the expansion of the hydrogen peroxide market. Besides, rising demand for hydrogen peroxide for aseptic packaging, pulp bleaching, and wastewater management is further fueling North America Hydrogen Peroxide market growth. The Hydrogen Peroxide market is expected to reach 1700 thousand tonnes in the year 2032.
Based on the end-user industry, the Asia Pacific Hydrogen Peroxide market is divided into Paper & Pulp, Textiles, Water & Waste Water Treatment, Food Processing, Electronics & Semiconductors, Pharmaceuticals, and Others. Among these, the Paper & Pulp industry is dominating the Hydrogen Peroxide market, followed by the Pharmaceuticals industry. Paper & Pulp industry consumed approximately 28% of the market in 2022.
Major players in the North America Hydrogen Peroxide are Evonik Industries, Arkema Industries, Eka Chemicals, Solvay Interox, and Mitsubushi Gas Corporation. Other major players in the global Hydrogen Peroxide market are National Peroxide Limited (NPL), Indian Peroxide Limited (IPL), Gujarat Alkalies and Chemicals Limited (GACL), Hindustan Organic Chemicals Limited (HOCL), Solvay Peroxides, and others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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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 in the globe.
• To analyse and forecast the market size of Hydrogen Peroxide
• To classify and forecast North America Hydrogen Peroxide market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Hydrogen Peroxide market in the globe.
To extract data for North America Hydrogen Peroxide market, primary research surveys were conducted with Hydrogen Peroxide manufacturers, suppliers, distributors, wholesalers and Traders. 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 segments and projected a positive outlook for North America Hydrogen Peroxide market over the coming years.
ChemAnalyst calculated Hydrogen Peroxide demand in the globe by analyzing the historical data and demand forecast which was carried out considering the raw materials to produce 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 s 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, North America Hydrogen Peroxide market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
950 thousand tonnes
Market size Volume by 2032
1700 thousand tonnes
Growth Rate
CAGR of 6.13% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity By Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process, Policy and Regulatory Landscape.
Segments covered
By End-Use: (Paper & Pulp, Textiles, Water & Waste Water Treatment, Food Processing, Electronics & Semiconductors, Pharmaceuticals, and Others)
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Hydrogen Peroxide market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Hydrogen Peroxide.
3. Capacity By Location
To better understand the regional supply of Hydrogen Peroxide by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Hydrogen Peroxide by the leading players and forecast how it will grow in the coming years.
6. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Paper & Pulp, Textiles, Water & Waste Water Treatment, Food Processing, Electronics & Semiconductors, Pharmaceuticals, and Others) are creating a market and the forecast for the growth of the Hydrogen Peroxide market.
7. Demand by Region
Analyzing the change in demand of Hydrogen Peroxide in different regions, i.e., USA, Mexico, and Canada, that can direct you in mapping the regional demand.
8. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Hydrogen Peroxide. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
9. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Hydrogen Peroxide.
10. Company Share
Figure out what proportion of the market share of Hydrogen Peroxide is currently held by leading players across the globe.
11. Country-wise Export
Get details about quantity of Hydrogen Peroxide exported by major countries.
12. Country-wise Import
Get details about quantity of Hydrogen Peroxide imported by major countries.
13. Manufacturing Process
Discover insights into the intricate manufacturing process of Hydrogen Peroxide.
14. Policy and Regulatory Landscape
Gain a comprehensive understanding of the policy and regulatory landscape within the Hydrogen Peroxide market.
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of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What was North America market size of Hydrogen Peroxide in terms of volume in 2022?
Ans:
The North America market size of Hydrogen Peroxide has grown significantly in the historic period of 2015-2022 and reached approximately 950 thousand tonnes in 2022.
Q2.
Which industry is the major consumer of North America Hydrogen Peroxide market?
Ans:
The Paper & Pulp industry is dominating the Hydrogen Peroxide market with a market share of approximately 28% in 2022.
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