Global Industrial Hydrogen Peroxide Market, By Function (Bleaching, Oxidizing, Sterilizing/Disinfecting, Propulsion, Others), End User (Pulp and Paper, Chemical Synthesis, Healthcare and Personal Care, Food Processing, Textile, Water and Wastewater Treatment, Electronics and Semiconductor, Others) – Industry Trends and Forecast to 2030.
Industrial Hydrogen Peroxide Market Analysis and Size
Environmental rules and regulations play an important role in enhancing the market growth due to the eco-friendly and emission-free and properties of hydrogen peroxide. This has contributed to consumers' increasing preference for this chemical for numerous water treatment and pollution control applications. The “bleaching” segment is expected to be the fastest growing function segment during the forecast period because it finds significant application as a bleaching agent across several industries, such as medical, pulp, paper, and textiles. In the medical sector, the bleaching agent is immensely useful for hair bleaching, as a dental bleach, mouth wash, and maintaining oral hygiene.
Data Bridge Market Research analyses that the industrial hydrogen peroxide market is expected to reach USD 7.29 billion by 2030, which is USD 3.97 billion in 2022, registering a CAGR of 7.90% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Industrial Hydrogen Peroxide Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 - 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Function (Bleaching, Oxidizing, Sterilizing/Disinfecting, Propulsion, Others), End User (Pulp and Paper, Chemical Synthesis, Healthcare and Personal Care, Food Processing, Textile, Water and Wastewater Treatment, Electronics and Semiconductor, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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BASF SE (Germany), Solvay (Belgium), Evonik Industries AG (Germany),, Arkema (France), Akzo Nobel N.V.(Netherlands), Dow (U.S.), Ecolab Inc (U.S.), Kemira Oyj (Finland), Merck KGaA (Germany), MITSUBISHI GAS CHEMICAL COMPANY, INC. (Japan), TAEKWANG INDUSTRIAL CO., LTD. (South Korea), FMC Corporation (U.S.), Aditya Birla Management Corporation Pvt. Ltd. (India), OCI COMPANY Ltd. (South Korea), National Peroxide Limited (India), DuPont (U.S.)
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Market Opportunities
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Market Definition
Industrial hydrogen peroxide is measured as the most versatile and cleanest chemicals not only in industry but also in remediation area and environmental clean-up. As a result of the numerous properties of hydrogen peroxides, it is used extensively in the several industries. It is also used as a bleaching agent in detergents and is approximately used in washing clothes.
Industrial Hydrogen Peroxide Market Dynamics
Drivers
- Increasing demand of industrial hydrogen peroxide for the formulation of disinfectants and sanitizing product
The demand for the hydrogen peroxide increases for the formulation of disinfectants and sanitizing because this is one of the major components in disinfectant and sanitizer. For instance, a normal disinfectant generally contains 3% to 4% of hydrogen peroxide, 0.5% to 1% peroxyacetic acid, a certain amount of chlorine dioxide, isopropyl alcohol and other components. Furthermore, according to the Center for Biocide Chemistries, this substance is expected to remain high in demand across the industry for a long time period owing to its superior properties to provide resistance against bacteria, viruses, and numerous other microorganisms.
- Surging demand of industrial hydrogen peroxide in healthcare industry
Growth and expansion healthcare sector has increased the demand for the industrial hydrogen peroxide based product due to its antiseptic qualities which is projected to continue to be a major driver for the market growth. This substance is extensively sought-after in as an antiseptic the healthcare industry, which is generally used to skin bruises and wounds to prevent infections. As a result of its capacity to reduce mucus, mouth irritation, and other oral infections, it is also normally used as a mouth rinse. This material initially releases oxygen, which causes foaming on the cut and bruised skin and eventually results in effectively removing dead skin while protecting the area from infection.
Opportunities
- Wide range of application of industrial hydrogen peroxide in wastewater treatment sector
The industrial hydrogen peroxide substance finds an extensive range of applications in the wastewater treatment sector because it is an excellent oxidizing agent and is concurrently environmental-friendly, dependable, and versatile in nature. Catalyzed form of the industrial hydrogen peroxide product has the ability to destroy oxidize pollutants swiftly and is thus measured highly effective in the wastewater treatment sector. The water treatment industry has accounted a significant incrase in the U.S. market since the country faced extended illness associated with water-borne sickness, and therefore the consumption of the industrial hydrogen peroxide is projected to reflect steady growth across North America, especially the U.S. Thiese are some of the major factors which will create immense and lucrative opportunities for the growth of the market
Restraints/ Challenges
- Issues associated with industrial hydrogen peroxide:
The contact of industrial hydrogen peroxide to the eyes to concentrations of approx., 5% or more than this can result in permanent loss of vision. As a result of this, decrease the demand for the hydrogen peroxide from pulp and paper industry which may act as major restraint for the market growth during the forecast period. While, the swift rise in the operating and raw material costs is projected to challenge the market's growth in the forecast period.
This industrial hydrogen peroxide market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the industrial hydrogen peroxide market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Industrial Hydrogen Peroxide Market
The recent outbreak of COVID-19 pandemic has increased the demand for the hydrogen peroxide significantly globally owing to its large consumption in the preparation of disinfectant products. As per the several guidelines which has issued by governments all over the globe, disinfecting is extremely necessary public and private spaces to diminish the impact of the coronavirus spread. Public areas such as airports, commercial buildings, public stoppages and railway platforms need to be sterilized for over 60 minutes in closed boundaries. Numerous governments have also issued alike household cleaning procedures and therefore demand for disinfectant and sanitizers products have reflected remarkable growth.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In 2021, Nouryon, a manufacturer of necessary chemicals, began manufacturing in a new China plant. In this industrial facility, organic peroxides such as tert-Butyl alcohol are produced (TBA) and tert-Butyl hydroperoxide (TBHP). The creation of composites and polymers requires the usage of organic peroxides as major components.
Global Industrial Hydrogen Peroxide Market Scope
The industrial hydrogen peroxide market is segmented on the basis of function and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Function
- Bleaching
- Oxidizing
- Sterilizing/Disinfecting
- Propulsion
- Others
End User
- Pulp and Paper
- Chemical Synthesis
- Healthcare and Personal Care
- Food Processing
- Textile
- Water and Wastewater Treatment
- Electronics and Semiconductor
- Others
Industrial Hydrogen Peroxide Market Regional Analysis/Insights
The industrial hydrogen peroxide market is analyzed and market size insights and trends are provided by country, function and end user as referenced above.
The countries covered in the industrial hydrogen peroxide market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia Pacific is expected to dominate the industrial hydrogen peroxide due to the rapid growth in the penetration of chemical formulators, personal care products and medical industries. China is expected to account for the major share in the Asia-Pacific region.
Europe is anticipated to be the fastest growing region in industrial hydrogen peroxide market during the forecast period of 2023-2030 owing to the presence of largest market industrial hydrogen peroxide in Germany. Furthermore, the strong presence of major manufacturers of industrial hydrogen peroxide will further boost the market growth in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Industrial Hydrogen Peroxide Market Share Analysis
The industrial hydrogen peroxide market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to industrial hydrogen peroxide market.
Some of the major players operating in the industrial hydrogen peroxide market are:
- BASF SE (Germany)
- Solvay (Belgium)
- Evonik Industries AG (Germany)
- Arkema (France)
- Akzo Nobel N.V. (Netherlands)
- Dow (U.S.)
- Ecolab Inc (U.S.)
- Kemira Oyj (Finland)
- Merck KGaA (Germany)
- MITSUBISHI GAS CHEMICAL COMPANY, INC. (Japan)
- TAEKWANG INDUSTRIAL CO., LTD. (South Korea)
- FMC Corporation (U.S.)
- Aditya Birla Management Corporation Pvt. Ltd. (India)
- OCI COMPANY Ltd. (South Korea)
- National Peroxide Limited (India)
- DuPont (U.S.)
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