The Russia Hydrogen Peroxide market demand stood at 110 thousand tonnes in 2023 and is expected to grow at a CAGR of 2.87% during the forecast period until 2033.
Hydrogen peroxide, renowned for its remarkable oxidizing properties, plays a pivotal role in various industries. Particularly in the paper and pulp sector, it functions as a potent bleaching agent, contributing to the enhancement of brightness levels, and increased stability of brightness. Its application is vital for minimizing the presence of harmful halogenated substances and effluents in pulp, concurrently lightening the effluent's colour. In the textile industry, hydrogen peroxide stands out as the most widely utilized bleaching agent, applied to bleach natural cellulose-based fibers derived from plants and animals, such as cotton and linen. Renowned for its potent bleaching effects among oxidizing agents, hydrogen peroxide proves to be a cost-effective solution in various industrial processes. In the realm of wastewater treatment, hydrogen peroxide plays a crucial role as a significant oxidizing agent, contributing to the reduction of biochemical oxygen demand and chemical oxygen demand in industrial wastewater. Within the electronics sector, it serves as a potent oxidizer with broad applications in the etching process of printed circuit boards, underscoring its pivotal role in various manufacturing processes. The semiconductor industry has embraced hydrogen peroxide for its remarkable cleaning capabilities, making it an effective solution for cleaning purposes.
The factors influencing the Hydrogen Peroxide market in Russia are notably shaped by various end-use sectors. Particularly, the electronic industry stands out as a significant driver, employing Hydrogen Peroxide in diverse processes that contribute to the overall growth of the market. While pulp and paper currently represent a prominent end-user, it is anticipated that this sector will experience a decline in Russia, aligning with the digitalization trends and social media for mass communication. Additionally, the water treatment sector plays a pivotal role in driving the demand for Hydrogen Peroxide, given its effectiveness in disinfection and wastewater treatment applications. However, the semiconductor & electronic industry plays a crucial role in propelling the market growth of Hydrogen Peroxide in various processes. Furthermore, the projected expansion of the market in Russia is anticipated to be driven by heightened usage within the electronic and semiconductor industry, Due to the conflict with Ukraine and the resultant global isolation and sanctions, Russia has been formulating a strategy to revitalize its domestic semiconductor manufacturing, faced with challenges in sourcing chips from traditional suppliers. The new chip plan involves substantial investments over the next eight years, although the outlined targets may not appear ambitious in comparison to industry benchmarks. As TSMC sets its sights on achieving a 2nm process by 2026, Russia aims for local chip manufacturing at the 28nm level by 2027 and domestic 14nm chip manufacturing by 2030. The Russian government has outlined an initial version of a microelectronics development program, necessitating an investment of approximately USD 38.43 billion by 2030. This financial commitment is earmarked for advancing local semiconductor production technology, fostering domestic chip development, enhancing data center infrastructure, and promoting indigenous chips and solutions. In the realm of semiconductor manufacturing, the country plans to allocate USD 5 billion for the development and upgrades of new manufacturing technology. One of the immediate goals involves boosting local chip output using 90nm manufacturing technology. Thus, Russia Hydrogen Peroxide market is likely to reach roughly 150 thousand tonnes in 2033.
Based on the end-user industry, the Russia Hydrogen Peroxide market is segmented into Paper & Pulp, Textiles, Waste Water Treatment, Food Processing, Electronics & Semiconductors, Pharmaceuticals, and Others. Paper & Pulp is the largest industry followed by the Electronics & Semiconductors sector.
Significant player in the Russia Hydrogen Peroxide market is Orgsyntes Group. Other global players include Evonik Industries, Aurora Plastics LLC, Solvay Peroxide, Formosa Plastics Corporation, Ineos, LG Chem, Occidental Petroleum Corporation, Orbia (Mexichem SAB de CV), SABIC, Shin-Etsu Chemical Co. Ltd., Westlake Corporation, Arkema SA, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2033
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Objective of the Study:
• To assess the demand-supply scenario of Russia Hydrogen Peroxide which covers production, demand and supply of Hydrogen Peroxide market in Russia.
• To analyse and forecast the market size of Russia Hydrogen Peroxide
• To classify and forecast Russia 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 Russia.
To extract data for Russia 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 Russia Hydrogen Peroxide market over the coming years.
ChemAnalyst calculated Hydrogen Peroxide demand across the Russia region by analysing the volume of Hydrogen Peroxide consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine 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, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Russia 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 2023
110 thousand tonnes
Market size Volume by 2033
150 thousand tonnes
Growth Rate
CAGR of 2.87% from 2024 to 2033
Base year
2023
Estimated Year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2033
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2033
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, Foreign Trade, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Paper & Pulp, Textiles, Waste Water Treatment, Food Processing, Electronics & Semiconductors, Pharmaceuticals, and Others)
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Member - Board of Directors
Osaka Gas Co. Ltd
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What was the size of Russia Hydrogen Peroxide market in terms of volume in 2023?
Ans:
The size of Russia Hydrogen Peroxide market has grown significantly in the historic period and reached approximately 110 thousand tonnes in 2023.
Q2.
Which industry is leading as the leading consumer of Hydrogen Peroxide?
Ans:
Paper & Pulp industry is the leading consumer of Hydrogen Peroxide.
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