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The global hydrogen peroxide market reached a value of US$ 3.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.06 Billion by 2027, exhibiting at a CAGR of 4.2% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
It occurs as a pale blue, clear liquid in its pure form and is slightly more viscous than water. Apart from this, hydrogen peroxide is unstable in nature due to which it is usually stored in a weak acidic solution with a stabiliser. It has strong oxidizing properties that makes it a powerful bleaching agent that is largely used for bleaching paper, but has also found applications as a disinfectant and as an oxidizer. Hydrogen peroxide in the form of carbamide peroxide also has applications for tooth whitening, both in professionally- and in self-administered products.
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Environmental laws and regulations play a vital role in propelling the market growth owing to the emission-free and eco-friendly properties of hydrogen peroxide. This has contributed to the rising preference among consumers to use this chemical for several water treatment and pollution control applications. In addition to this, hydrogen peroxide is utilised in a wide range of end-use industries such as chemical, electronics, paper and pulp, mining, etc. Its demand has also been increasing in bleach products for the purpose of removing chlorine compounds through bleaching processes. Moreover, the cost-effective nature of hydrogen peroxide and rising demand for recycled paper have also positively influenced this market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global hydrogen peroxide market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on application and end-use.
Breakup by Application:
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Based on the application, the market has been segmented as chemical synthesis, bleaching, disinfectant, cleaning and etching, and others. Currently, chemical synthesis dominates the market, holding the largest share.
Breakup by End-Use:
On the basis of end-use, pulp and paper represent the largest segment, followed by the food and beverages, water treatment, textiles and laundry, oil and gas, healthcare, electronics and others.
Breakup by Region:
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Region-wise, the market has been segmented into Asia Pacific, Europe, Middle East and Africa, North America, and Latin America. Amongst these, Asia Pacific is the biggest market, accounting for majority of the market share.
Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players being Solvay, Evonik, Arkema, Kemira Oyj, FMC Corporation, EkO Peroxide LLC (aquired by AkzoNobel), Mitsubishi Gas Chemical Company, PeroxyChem LLC, Aditya Birla Chemicals Limited, Kingboard Chemical Holdings Ltd, BASF SE, Merck, Chang Chun Petrochemical, Guangdong Zhongcheng Chemicals and Hansol Chemical.
This report provides a deep insight into the global hydrogen peroxide market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the hydrogen peroxide market in any manner.
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| Units | US$ Billion |
| Segment Coverage | Application, End-Use, Region |
| Region Covered | Asia Pacific, Europe, Middle East and Africa, North America, Latin America |
| Companies Covered | Solvay, Evonik, Arkema, Kemira Oyj, FMC Corporation, EkO Peroxide LLC (aquired by AkzoNobel), Mitsubishi Gas Chemical Company, PeroxyChem LLC, Aditya Birla Chemicals Limited, Kingboard Chemical Holdings Ltd, BASF SE, Merck, Chang Chun Petrochemical, Guangdong Zhongcheng Chemicals and Hansol Chemical |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global hydrogen peroxide market reached a value of US$3.1 Billion in 2021.
The market experienced a negative impact on account of the sudden outbreak of the COVID-19 pandemic, in early 2020, due to supply chain disruptions and numerous trade restrictions.
According to the estimates by IMARC Group, the global hydrogen peroxide market is expected to exhibit a CAGR of 4.2% during 2022-2027.
The growing demand for hydrogen peroxide in the paper and pulp industry as a bleaching agent and in the manufacturing of chemical, mechanical, and recyclable pulps, represents one of the key factors impelling the global hydrogen peroxide market growth.
The escalating demand for propylene oxide (a primary component in hydrogen peroxide) across the automotive, construction, and food and beverage industries is one of the key trends in the global hydrogen peroxide market.
On the basis of the application, the market has been bifurcated into chemical synthesis, bleaching, disinfectant, cleaning and etching, and others, where chemical synthesis accounts for the largest market share.
On the basis of the end-use, the market has been bifurcated into pulp and paper, food and beverages, water treatment, textiles and laundry, oil and gas, healthcare, electronics, and others. In this segment, pulp and paper industry dominates the global market.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific holds the largest market share.
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