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Hydrogen Peroxide Market By Function Outlook (Disinfectant, Bleaching, Oxidant, Others) By Application Outlook (Pulp & Paper, Chemical Synthesis, Wastewater Treatment, Mining, Food & Beverages, Personal Care, Healthcare, Textiles, Others) - Growth, Future Prospects & Competitive Analysis, 2016 – 2028

About this report

The global hydrogen peroxide market report explores the critical analysis of theindustry using key parameters. The report consists of investment strategies, the need for investments in the hydrogen peroxide industry, and the multiple benefits for the investors. Importantly, this report sets out major changes in the global technical regulations for the hydrogen peroxide industry and how economic and non-economic barriers are helping the market grow. Moreover, the report analyzes the global, regional, and country-level historic and forecasted market size. The report also provides a comprehensive analysis of key investment propositions, demand and supply gap, competitors positioning, STAR analysis, SRC analysis, and Tornado analysis.Key technological developments and other analyses such as porter's five forces analysis, PESTEL analysis, value chain analysis, etc.


Key Highlights of the report

How are the major segments performing in thehydrogen peroxide market?

In 2021, the healthcare application segment was expected to expand the market growth due to an upsurge in demand for the product from rapid manufacturing of sanitization products and disinfectant goods by several multinationals across the globe.

In 2021, the disinfectant segment was expected to expand the market during the forecast period. This is attributed to the high indulgence of the product in formulating multiple cleaning agents and hygiene products.

Which region dominated the hydrogen peroxide market?

In 2021, the Asia Pacific region to hold a prominent share in the global hydrogen peroxide market. This is anticipated due to the rising penetration of the region's personal care products, chemical formulators, and medical industries. China, Thailand, India, South Korea, and Japan have become central hubs for multinationals operating in these fields to show their business practices in the country due to lower land costs, availability of qualified labor, and improved trade balance.

What is the competitive environment of the hydrogen peroxide market?

From a global perspective, the market has been characterized by intense competition due to several recognized brands. Rising competition in the global market has led to several new product launches, followed by process reforms adopted by these multinationals, patented technologies, and project expansions. Most key industry participants involved in manufacturing the product have long-term agreements with regional-level personal care, healthcare, wastewater treatment, textile, and chemical manufacturing companies to establish sustainable businesses in the regional ecosystem and increase their market share. For instance, in April 2020, Gujarat Alkalies and Chemicals declared the commencement of partial operations of polyaluminum chloride and hydrogen peroxide plants at Dahej. Furthermore, in June 2020, Nouryon announced the development of a world-class state-of-art manufacturing facility at the current operating site of Ningbo, China, to produce two key intermediates for its organic peroxide business.

Executive Summary

What was the impact of the COVID-19 pandemic on the hydrogen peroxide market?

The immediate need for chemical disinfectants amid the COVID-19 pandemic has raised the demand to organize disinfectant solutions. It has been demonstrated sufficient in virucidal and bactericidal activities. Therefore, it is in increased demand in the healthcare industry, with healthcare professionals removing all visits to battle the COVID-19 pandemic. Moreover, in April 2020, the U.S. Food and Drug Administration (FDA) published the second emergency service authorization to decontaminate respirators for reuse. The FDA permitted the decontamination of N-95 respirators utilizing vaporized hydrogen peroxide sterilizers. 

Which are the key investments by the players in the Hydrogen Peroxideindustry market?

Major players are immersed in platform expansion and strategic collaborations to extend their portfolios and acquire a robust footing in the global hydrogen peroxide market. For instance, in February 2022, Solvay agreed to license its leading-edge hydrogen peroxide (H2O2) technology to Hubei Sanning Chemical Industry Co. Ltd. for its 500 kilotons per year caprolactam facility with a planned launch by the end of 2023. This is Solvay's first licensing agreement allocated for its proprietary hydrogen peroxide mega scale high productivity process technology in China.

Some of the major players in the hydrogen peroxide market are Evonik Industries, Taekwang Industrial, CO., LTD., Arkema, GrupaAzoty, Solvay, Akzo Nobel N.V., Gujarat Alkalies& Chemicals Ltd., National Peroxide Limited, Gas Chemical Company Inc.,Thai Peroxide Ltd., Hansol Chemical Co. Ltd., Nouryon, Indian Peroxide Ltd., OCI Company Ltd., and Airedale Chemical.

What are the Major Driving Factors for the Hydrogen Peroxide Market?

Hydrogen peroxide delivers multiple functions in various industrial, commercial, and household applications. Strong bleaching effects make it appropriate for paper and textile bleaching. In healthcare, it is utilized as an antiseptic and antimicrobial agent. It is a perfect disinfecting and oxidizing agent in water purification, personal care, home care, and food applications. In electronics, it is utilized as a high-quality cleaning agent. It also delivers detergent bleaches such as sodium percarbonate and sodium perborate. Therefore, such versatility in relevance boosts the hydrogen peroxide market growth. Moreover, the substance finds many applications in the wastewater treatment segment as it is an excellent oxidizing agent and simultaneously dependable, environmental-friendly, and versatile. The product's catalyzed form can rapidly destroy oxidized pollutants and is therefore regarded positively effective in the sector. The water treatment industry has noticed a substantial boost in the U.S. market since the country encountered prolonged conditions associated with water-borne sickness, and thus the consumption of the product is projected to remember steadily increase in this segment across North America, especially the U.S.

What are the Major Risks for the Hydrogen Peroxide Market?

Potential health hazards may hinder the global hydrogen peroxide market during the forecast period. Due to its powerful oxidizing nature, the chemical can be caustic to the respiratory system, eyes, and skin. If not managed carefully, lengthy disclosure scratches the skin & the eyes and induces hair bleaching. Moreover, it is inconsistent with most raw materials, such as copper alloys or hefty metals, leading to self-accelerated thermal decomposition. Therefore, it should be stored and managed to avoid potential health risks.

Which is the key application in the hydrogen peroxide market?

The pulp and paper application segment conquered the market during the forecast period. The substance, like bleach, is identified as a chlorine-free element and is therefore deemed an important product in the global pulp and paper industry, wherein it is properly utilized to improvise the mechanical and chemical properties of pulp and enhance paper quality and brightness. It has created an increasing demand in the sector as it decreases the price of production, delivers improved quality, and is easy to utilize and environmental-friendly. 

Furthermore, one of the important sectors that reflects the increased demand for the product is wastewater treatment, majorly because of the substance’s usefulness in decreasing the Chemical Oxygen Demand (COD) and Biological Oxygen Demand (BOD) levels from water with the procedure of chemical oxidation. The product is widely acknowledged across the industry due to its capacity to release toxic effluents from water, making it safe for consumption. There are numerous methods of disposal of toxic elements from water utilizing hydrogen peroxide, which contain a direct chemical oxidation process, improved physical separation of COD and BOD, and utilizing the product as a supplemental source of oxygen.

How is the hydrogen peroxide market performing in regions?

The Asia Pacific accounts for the immense global hydrogen peroxide market share. Awareness regarding the increasing applications of hydrogen peroxide in different industries boosts the global market in the Asia Pacific. The hydrogen peroxide market is expanding rapidly in Asian countries such as India and China. Factors accountable for significant market share are growth & development in industries and immediate urbanization. The growing demand for hydrogen peroxide in paper & pulp industries is accelerating market development in Asia Pacific countries. The growing market for hydrogen peroxide in the chemical industry contributes to income growth and lucrative business options for manufacturers in the hydrogen peroxide market during the COVID-19 crisis. Manufacturers working in the hydrogen peroxide market observe their existence in the global market by catering to various end-use industries.

During the forecast period, Europe is forecasted to be the fastest–growing region in the global hydrogen peroxide market due to the growing requirement for several personal care products in the European market space, which has also shown the growing consumption of hydrogen peroxide in the region. The growing demand for the product in this application is primarily due to its oxidizing abilities and antimicrobial properties. Personal care and cosmetics creations, including skin care creams, hair care formulations, and lotions, have achieved significant traction in countries including the U.K., France, Germany, Italy, and Spain. This is due to the improved penetration of cosmetic producers in these countries to tap the potential market. 

What is the regulatory landscape for the hydrogen peroxide market?

The regulatory agencies by which hydrogen peroxide (H2O2) modulate transcription factors' movement in bacteria, lower eukaryotes and mammalian cells are examined. The sophistication of regulatory networks grows throughout the phylogenetic tree, getting a high level of complexness in mammalians. 

What is the Market Size of Hydrogen Peroxideregarding value?

The global hydrogen peroxide market is anticipated to grow at a substantial CAGR of 5.50% in the upcoming years. The global hydrogen peroxide industry was estimated to be worth USD 1.5 billion in 2021 and was expected to be worth USD 2.06 billion by 2028.

What are the major players planning for the future of the hydrogen peroxide market?

Growing regional existence and investment in downstream applications are anticipated to deliver a competitive edge in the market. For instance, in December 2020, the Indian space rockets were developed to go green as ISRO is operating to replace its current hazardous fuel with non-hazardous and environment-friendly energies for its rockets and satellites. (ISRO) is examining green propulsion through hydrogen peroxide in its rocket that would take Indians into space beneath its 'Gaganyaan' mission.

Segmentation of Global Hydrogen Peroxide Market-

Global Hydrogen PeroxideMarket – By Function Outlook         

  • Disinfectant
  • Bleaching
  • Oxidant
  • Others

Global Hydrogen PeroxideMarket – By Application Outlook

  • Pulp & Paper
  • Chemical Synthesis
  • Wastewater Treatment
  • Mining
  • Food & Beverages
  • Personal Care
  • Healthcare
  • Textiles
  • Others

Global Hydrogen PeroxideMarket – By Region

  • North America
    • US.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-east Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

Frequently asked questions about the global hydrogen peroxide market

COVID-19 has significantly grown the demand for hydrogen peroxidedue to its high consumption in the formulation of disinfectant products.

the Asia Pacific accounted for the most heightened share in the global hydrogen peroxide market.

Increasing demand for the creation from the healthcare industry due to its antiseptic effects is projected to remain a key factor fueling the market growth.

The disinfectant hydrogen peroxide segment had a major share in the global market in 2021.

The hospital segment had a major share in the global market in 2021and is anticipated to continue during the forecast period.

Hydrogen Peroxide Market Scope

Report Attribute Details
Market Value in 2021 USD 1.5 billion
Market Value in 2028 USD 2.06 billion
CAGR 5.50%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Published Date:  Oct 2022
Category:  Chemicals
Report ID:   60687
Report Format:   PDF
Pages:   120
Rating:    4.6 (60)
Delivery Time: 24 Hours to 48 Hours   
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