Global Hydrogen Peroxide Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Hydrogen Peroxide Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Hydrogen peroxide is a non-polluting oxidizing agent - as its oxidation by-product is water - and hence, could be commercially looked as a potential eco-friendly oxidizing agent. Hydrogen peroxide, as an oxidizing agent, does not cause any release of gases or other chemical residues. Besides, it also displays versatility in context of its applications. For instance, it has the ability to treat both easy-to-oxidize pollutants (iron and sulphides) as well as treat pollutants which are difficult to oxidize (solvents, gasoline and pesticides). The fact that hydrogen peroxide’s power can be adjusted in multiple ways (by merely adjusting chemical reaction conditions such as dosage, catalyst usage, reaction time, temperature and pH) increases its diversity, thereby making it a key chemical to be studied from a market perspective.

Market Overview:

The latest research study on the global Hydrogen Peroxide market finds that the global Hydrogen Peroxide market reached a value of USD 3140.58 million in 2022. It’s expected that the market will achieve USD 4204.29 million by 2028, exhibiting a CAGR of 4.98% during the forecast period.

Strict Regulations hamper Market Demand

Be that as it may, the scope of health issues because of emergence of the combination may hamper the market improvement to some degree. Stringent controls stated by the specialists upon the utilization and hydrogen peroxide center as a key application including industrial and healthcare applications is estimated to weaken the market growth to some degree.

Hydrogen peroxide market for textiles

The global hydrogen peroxide market in the textile industry are based on its bleaching property. A large quantity of hydrogen peroxide is used to manufacture sodium perborate and sodium percarbonate, which are used as bleaching agents in solid and liquid detergents. The global hydrogen peroxide market for the textiles segment is expected to grow because of the high demand for bleaching of textiles such as cotton and wool fabrics.

Hydrogen peroxide market for wastewater treatment

Hydrogen peroxide is used for treating industrial wastewater and municipal wastewater, controlling parasites in aquaculture, and removing undesirable compounds such as cyanides, hydrogen sulfide, hypochlorite, phenols, and various oxygen-demanding organic compounds. The wastewater treatment segment is expected to grow at a moderate rate because of the increasing demand for safe drinking water, owing to the rise in global population.

Region Overview:

From 2022-2027, APAC is estimated to witness robust growth prospects.

Company Overview

Solvay SA is one of the major players operating in the Hydrogen Peroxide market, holding a share of 23.78% in 2022.

Solvay SA

engages in the chemical business worldwide. The company offers advanced formulations, such as surfactants, amines, polymers, and guar and phosphorous derivatives; specialty mining reagent solutions, phosphine-based chemistry solutions, and solutions for stabilization of polymers; vanillin for food, flavors, and fragrances industries; and synthetic intermediates used in perfumery, pharmaceuticals, agrochemicals, and electronics. It also provides advanced materials, including aromatic polymers, high barrier polymers, fluoropolymers, and high-performance materials, as well as specialty polymers; flour and rare-earth formulations for automotive, semi-conductor, and lighting application.

Evonik Industries AG

Evonik Industries AG engages in the specialty chemicals business worldwide. It operates through Nutrition & Care, Resource Efficiency, Performance Materials, and Services segments. The Nutrition & Care segment offers specialty chemicals, including amphoteric surfactants, ceramides, phytosphingosines, oleochemical quaternary derivatives, polyurethane additives, organically modified silicones, superabsorbents, amino acids and amino acid derivatives, synthesis products, pharmaceutical polymers, and DL-methionine for use in consumer goods, and animal nutrition and healthcare products. The Resource Efficiency segment provides high-performance materials and specialty additives

Segmentation Overview:

Among different product types, 50%~70% segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Pulp & Paper segment occupied the biggest share from 2017 to 2022.

Pulp & Paper

Hydrogen Peroxide function as a bleach agent.

Textile

It is particularly effective for the bleaching of natural fibers, but can also be used, under certain conditions, for the bleaching of synthetic fibers.

Food Processing

In food industry, hydrogen peroxide is used in aseptic packaging machines for disinfection.

Healthcare & Personal Care

Hydrogen peroxide is widely used in pharmaceutical applications for its disinfectant properties. Healthcare applications include the disinfection of dental and surgical instruments as well as contact lenses. Personal care products include hair bleaching and hair colorants, teeth bleaching lotions, pastes and mouthwash.

Chemical Synthesis

As a catalyst, can change the chemical reaction rate.

Key Companies in the global Hydrogen Peroxide market covered in Chapter 3:

Guangdong Zhongcheng Chemicals Inc.
BASF SE
Anhui Jinhe ShiYe Co., Ltd.
Akzonobel N.V.
Solvay SA
Arkema SA
Mitsubishi Gas Chemical Company, Inc
National Peroxide Limited
Kemira OYJ
Taekwang Industrial Co., Ltd.
LUXI
FMC Corp
The DOW Chemical Company
Evonik Industries AG

In Chapter 4 and Chapter 14.2, on the basis of types, the Hydrogen Peroxide market from 2018 to 2029 is primarily split into:

Purity<50%
Purity 50%~70%
Purity >70%

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Hydrogen Peroxide market from 2018 to 2029 covers:

Pulp & Paper
Textile
Food Processing
Healthcare & Personal Care
Chemical Synthesis
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)