Global Industrial Hydrogen Peroxide Market - 2022-2029

Global Industrial Hydrogen Peroxide Market - 2022-2029

Market Overview

The global industrial hydrogen peroxide market size was worth US$ XX million in 2021 and is estimated to reach US$ XX million by 2029, growing at a CAGR of XX % during the forecast period (2022-2029).

The colorless liquid hydrogen peroxide is frequently used as an oxidant, bleaching agent and disinfectant. Hydrogen peroxide is the simple form of peroxide, consisting solely of hydrogen & oxygen. It is used in practically every food and beverage. Hydrogen peroxide has been used in North America & Europe for decades. The market is still looking for new investments due to rising demand in these areas.

Hydrogen peroxide was first utilized to help with paper preparation, which is now the primary driver of the industrial hydrogen peroxide market. Almost all paper and pulp manufacturers use hydrogen peroxide in the manufacturing process. It can be used in several oxidation scenarios and pH ranges.

Market Dynamics

Sodium perborate and sodium percarbonate are made from hydrogen peroxide and are used as bleaching agents in detergents. The industrial hydrogen peroxide market is likely to increase consumer demand because of its widespread use and growing presence in the paper and pulp sector worldwide. The most significant impediment to the industrial hydrogen peroxide business is the health risks associated with hydrogen peroxide exposure.

Rising adoption of industrial hydrogen peroxide in various industries

The increased adaptability in the paper and pulp sector is driving the industrial hydrogen peroxide market. Industrial hydrogen peroxide attracts companies worldwide due to its simple characteristics and wide application, boosting the market.

The market for industrial hydrogen peroxide is booming thanks to its use in detergent bleaches, textile bleaching and water purification. India and China, manufacturing centers for industrial hydrogen peroxide, represent a prospective market for industrial hydrogen peroxide. Due to its numerous advantages, the industrial hydrogen peroxide market will likely expand over the forecast period.

Wide use of hydrogen peroxide as an antimicrobial chemical

Hydrogen peroxide is a common antibacterial agent. It's utilized as a preservative, disinfectant, and sterilizer in liquid and gas form. Its benefits include potent and broad-spectrum antibacterial activity, versatility in application and a low-risk profile compared to other microbicides. Depending on the application, hydrogen peroxide is effective against all microorganisms, including latent forms with high resilience, such as bacterial spores & protozoal cysts and infectious proteins like prions. It also has benefits in terms of toxicity and environmental impact.

Disinfection and sterilization are also common uses for hydrogen peroxide gas. The gas form is more effective at lower concentrations than liquid forms due to its rapid efficacy, low temperature, compatibility with surface materials and low toxicity concerns.

Health hazards caused by hydrogen peroxide

The most significant impediment to the industrial hydrogen peroxide business is the health risks associated with hydrogen peroxide exposure. Continuous and excessive contact with the chemical appears to impact numerous human body regions, including the eyes, gastrointestinal tract and skin irritation, prompting regulatory bodies to enact strict limits. Hydrogen peroxide is a carcinogenic substance that is a major stumbling block for the industrial hydrogen peroxide business.

COVID-19 Impact Analysis

COVID-19 harmed the market in 2020. The paper and pulp business uses hydrogen peroxide as a bleaching agent. In contrast, the mining industry uses it as an oxidant. Because of the pandemic, these end-user sectors were forced to temporarily suspend operations, causing the industry to reduce the usage of bleaching chemicals and oxidants, lowering the demand for hydrogen peroxide. Rising demand from the paper and pulp sector and increased consumption of hydrogen peroxide as a raw ingredient for propylene oxide manufacturing (HPPO Process) are projected to boost market expansion in the short term.

The market's growth is being hampered by health risks connected with long-term exposure to hydrogen peroxide and poor conditions caused by COVID-19's impact. In the next years, new applications for hydrogen peroxide in wastewater treatment and the expansion of the electronic sector in developing Asian countries are projected to generate prospects for the market.

Segment Analysis

By end-user, the industrial hydrogen peroxide market is segmented into pulp & paper, chemical synthesis, healthcare & personal care, food processing, textile, water & wastewater treatment, electronics & semiconductors and others.

Extensive use of hydrogen peroxide in paper & pulp industries

Hydrogen peroxide is widely used as a bleaching agent in the paper and pulp business to manufacture a variety of pulps, including mechanical, chemical and recyclable pulps, and to whiten the pulps for the industries. Over other bleaching agents, hydrogen peroxide is used in the re-pulping of wastepaper because it helps to reduce bleaching costs while also lowering the effluent color.

In 2019, the European pulp and paper industry had a capacity of 43.65 million tonnes, an increase of 1.49 percent over the previous year, which boosted market demand for hydrogen peroxide. In 2020, the Confederation of European Paper Industries (CEPI) countries produced 85.1 million tonnes of paper and board, a 5% decrease from the previous year, which negatively influenced market demand for hydrogen peroxide. Hydrogen peroxide is predicted to be in demand in the paper and pulp industries in U.S., Asia-Pacific and Europe.

Geographical Analysis

Increasing demand from various end-use industries in China

In terms of GDP, China holds the largest economy in Asia-Pacific. China is among the fastest-growing economies globally, with nearly all end-user industries expanding due to rising population, improving living standards and per capita income. China is a chemical manufacturing powerhouse, producing a sizable part of the world's chemicals. The industry's demand for hydrogen peroxide is expected to rise throughout the forecast period, owing to the rising global demand for various chemicals.

China is the world's biggest pulp and paper producer. The industry is modern and highly mechanized, with low-cost labor. Forest cover is expanding in China as a result of government afforestation activities. While this is a positive indicator, certain social and environmental issues are concerned. Significant obstacles exist as the world's largest wood importer, with complicated and opaque supply systems.

The country has the greatest electronics industry in the world. Electronic products like smartphones, OLED TVs, tablets and other consumer electronics are experiencing the fastest growth in the market. The demand for electronic devices is estimated to rise shortly as the middle-class population's disposable income rises, increasing market growth.

Competitive Landscape

The industrial hydrogen peroxide market is expected to be highly consolidated, with the top five manufacturers controlling most market share. The bulk of businesses is concentrating on increasing their manufacturing capacity. For example, under the Future (P4F) program, Solvay decided in September 2020 to reduce hydrogen peroxide capacity in Europe by 70 kilotons as of 1 January 2021. United Initiators announced the acquisition of Evonik Industries' Hydrogen Peroxide plant in British Columbia, Canada, in February 2020, resulting in the expansion of the company's product portfolio and the development of value-adding downstream hydrogen peroxide applications.

Solvay SA, Evonik Industries AG, Arkema SA, AkzoNobel N.V., BASF SE, The DOW Chemical Company, Ecolab Inc. (Nalco Company), Kemira OYJ, Merck Group and Mitsubishi Gas Chemical Company are among the major worldwide industrial hydrogen peroxide market players.

Ecolab Inc. (Nalco Company)

Overview: Ecolab is the leading water, hygiene and infection control products & services provider. At about three million customer locations in more than 170 countries, the company's 44,000 associates provide comprehensive solutions, data-driven insights & personalized service to advance food safety, maintain clean & safe environments, optimize water & energy use and improve operational efficiencies & sustainability.

Product Portfolio: In more than 170 countries worldwide, it provides comprehensive solutions to assist our customers' companies in the food service, food processing, hospitality, healthcare, industrial and oil & gas markets. Ecolab KlerwipeTM Sporicidal Low Residue wipes are sterile, low particle wipes loaded with 6% hydrogen peroxide for sporicidal activity over extended contact durations. The wipes are hydroentangled polyester/cellulose blend wipes with no binder.

Key Development: Ecolab Inc. has expanded its cooperation with Sodexo to provide a new infection prevention product to hospitals and healthcare organizations across U.S. Protecta Plus, a Sodexo-only initiative uses Ecolab's Bioquell hydrogen peroxide vapor technology to provide an additional solution to reduce infection risk. Bioquell Hydrogen Peroxide Sterilant is an EPA-registered sterilant that decontaminates enclosed environments through an automated procedure. It penetrates all exposed surfaces for maximum impact, including hard-to-reach ceilings, far corners and open drawers. Even strong organisms like bacterial spores have been resistant to the unique technique.

Why Purchase the Report?

Visualize the composition of the industrial hydrogen peroxide market segmentation by function, end-user and region, highlighting the critical commercial assets and players.

Identify commercial opportunities in the industrial hydrogen peroxide market by analyzing trends and co-development deals.

Excel data sheet with thousands of industrial hydrogen peroxide market-level 4/5 segmentation points.

Pdf report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.

Product mapping in excel for the key product of all major market players

The global industrial hydrogen peroxide market report would provide access to an approx. 51 market data table, 49 figures and 212 pages.

Target Audience 2022

Industrial Hydrogen Peroxide Service Providers/ Buyers

Industry Investors/Investment Bankers

Education & Research Institutes

Emerging Companies

Industrial Hydrogen Peroxide Manufacturers