Enjoy complimentary customisation on priority with our Enterprise License!
The Global hydrogen peroxide market size is estimated to grow at a CAGR of 5% between 2022 and 2027. The market size is forecast to increase by USD 518.87 million. The growth of the market depends on several factors such as increasing demand for paper from developing and underdeveloped nations, increasing consumption of hydrogen peroxide for industrial applications, and use of hydrogen peroxide as a disinfectant.
This hydrogen peroxide market report extensively covers market segmentation by application (bleaching, chemical synthesis, disinfectant, and others), end-user (pulp and paper, textiles, wastewater treatment, and food and beverages and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
To learn more about this report, View Report Sample
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the hydrogen peroxide market growth is the use of hydrogen peroxide as a disinfectant. There is an increasing adoption of hydrogen peroxide as an antimicrobial chemical. Additionally, it is extensively used in both gaseous and liquid forms for disinfection, preservative, and sterilization applications. The main advantages of hydrogen peroxide are its flexibility in use, potent and broad-spectrum antimicrobial activity, and safety profile when compared to other antimicrobial agents.
Moreover, there is a significant use of hydrogen peroxide as it is found to be effective against various forms of microorganisms such as bacterial spores and protozoan cysts, and infectious proteins including prions. As a result, there is an increasing preference for hydrogen peroxide as a disinfectant. Thus, it is positively impacting the hydrogen peroxidemarket. Hence, such applications are expected to drive the market growth during the forecast period.
A key factor shaping the hydrogen peroxide market growth is the increasing demand from the agrochemical segment. Some of the main reasons for the growth of the agrochemical industry are the increasing demand for food and rapid population growth. As a result, it will significantly fuel the demand for hydrogen peroxide.
Moreover, factors such as the adoption of integrated pest management (IPM) technology as a new method of crop protection, rising concerns over the declining availability of arable land, and growing food demand due to the expanding population worldwide are also fuelling the growth of the agrochemical sector. As a result, it is expected to fuel the demand for hydrogen peroxide in these industries as it has minimal impact on soil. Hence, such factors are expected to drive market growth during the forecast period.
The impact of hydrogen peroxide on human health is one of the key challenges hindering the hydrogen peroxide market growth. There are several health issues associated with hydrogen peroxide and a small amount of exposure can lead to harmful effects on the body. The use of hydrogen peroxide at home can lead to low exposure whereas its extensive use in industries can lead to high exposure.
Moreover, it can be harmful when inhaled, ingested, or by contact with the skin or eyes. Some of the main health issues which are caused by exposure of hydrogen peroxide include irritation of the eyes, respiratory passage, throat, and skin. Therefore, it is negatively impacting the hydrogen peroxidemarket. hence, such factors are hindering the market growth during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Hydrogen Peroxide Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Aditya Birla Management Corp. Pvt. Ltd: The company offers hydrogen peroxide through Thai Peroxide Ltd, which includes capacity stands at 22500MTPA for Hydrogen Peroxide.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The bleaching segment is estimated to witness significant growth during the forecast period. The main application of hydrogen peroxide is as a bleaching agent which is extensively used across several industries including the pulp and paper industry, the pharmaceutical industry, and the textile industry. Additionally, in the medical field, it is widely used as a teeth whitener and mouthwash as well as for hair bleaching and oral hygiene.
Get a glance at the market contribution of various segments View the PDF Sample
The bleaching segment was the largest segment and was valued at USD 681.09 million in 2017. There is an increasing adoption of this segment across textile industries in order to brighten clothes and remove stains from both synthetic and natural fibers. Furthermore, the main advantage of hydrogen peroxide in the textile industry is that it helps to enhance the mechanical properties of fibers and is therefore also used in fabric manufacturing. There is a significant growth of textile industries across developing countries which is expected to fuel the growth of this segment. For instance, India dominates the market share in terms of textile manufacturing and produces a wide variety of products including cotton, polyester and synthetic fabrics, threads, yarns, and garments. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
For more insights on the market share of various regions Download PDF Sample now!
APAC is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. One of the main factors that is significantly contributing to the growth of the global hydrogen peroxide market is the presence of developing countries such as China, India, Malaysia, and Indonesia. The main end-user industry which is a significant consumer of hydrogen peroxide in APAC is the pulp and paper industry.
Factors such as the increasing population coupled with the growing educational system are expected to increase the demand for pulp and paper which in turn will fuel the demand for hydrogen peroxide in the region. Furthermore, it is extensively used across other industries such as textile, electronics, food and beverages, and healthcare industries. Hence, such factors are expected to drive the market growth in the region during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global hydrogen peroxide market witnessed a significant slowdown due to the temporary shutdown of production plants leading to the disruption of the supply chain in APAC. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the restoration of operations in end-user industries. Such factors are expected to drive the market during the forecast period.
The hydrogen peroxide market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
|
Hydrogen Peroxide Market Scope |
|
|
Report Coverage |
Details |
|
Page number |
177 |
|
Base year |
2022 |
|
Historic period |
2017-2021 |
|
Forecast period |
2023-2027 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 5% |
|
Market growth 2023-2027 |
USD 518.87 million |
|
Market structure |
Fragmented |
|
YoY growth 2022-2023(%) |
4.55 |
|
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
|
Performing market contribution |
APAC at 41% |
|
Key countries |
US, China, India, South Korea, and Germany |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
Aditya Birla Management Corp. Pvt. Ltd., Akzo Nobel NV, Arkema Group, Avantor Inc., BASF SE, Chang Chun Group, Gujarat Alkalies and Chemicals Ltd., Hansol Holdings, Hodogaya Chemical Co. Ltd., Kemira Oyj, Kingboard Holdings Ltd., Merck KGaA, Mitsubishi Gas Chemical Co. Inc., National Peroxide Ltd., Nouryon Chemicals Holding BV, OCI Co. Ltd., PJSC Khimprom, RAG Stiftung, Solvay SA, and Taekwang Group |
|
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
|
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Certified ISO 9001 : 2015
We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.
We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.
Get lifetime access to our
Technavio Insights
Customized Report as per your Business Needs
Let us help you make report more suited to your requirements.
Get the report (PDF) sent to your email within minutes.
