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Hydrogen Peroxide Market by End-user and Geography - Forecast and Analysis 2022-2026

  • Published: May 2022
  • Pages: 120
  • SKU: IRTNTR70146
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The hydrogen peroxide market share is expected to reach an estimated value of USD 461.92 million by 2026 at an accelerating CAGR of 5.24%.

This hydrogen peroxide market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers hydrogen peroxide market segmentation by:

  • End-user - Pulp and paper, Textiles, Wastewater treatment, and Others
  • Geography - APAC, North America, Europe, Middle East and Africa, and South America

The hydrogen peroxide market vendors are - Aditya Birla Management Corporation Pvt. Ltd., Akzo Nobel NV, Arkema Group, BASF SE, Chang Chun Group, Ciner Resources Corp., Evonik Industries AG, Gujarat Alkalies and Chemicals Ltd., HANSOLCHEMICAL, 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, Solvay SA, and TAEKWANG INDUSTRIAL Co. Ltd. among others.

What will the Hydrogen Peroxide Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Hydrogen Peroxide Market Size for the Forecast Period and Other Important Statistics

 

Parent Market Analysis

Technavio categorizes the global hydrogen peroxide market as a part of the global commodity chemicals market within the global chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the hydrogen peroxide market during the forecast period.

Who are the Major Hydrogen Peroxide Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Aditya Birla Management Corporation Pvt. Ltd.
  • Akzo Nobel NV
  • Arkema Group
  • BASF SE
  • Chang Chun Group
  • Ciner Resources Corp.
  • Evonik Industries AG
  • Gujarat Alkalies and Chemicals Ltd.
  • HANSOLCHEMICAL
  • 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
  • Solvay SA
  • TAEKWANG INDUSTRIAL Co. Ltd.

 

This statistical study of the hydrogen peroxide market encompasses successful business strategies deployed by the key vendors. The hydrogen peroxide market is fragmented and the vendors are deploying growth strategies such as product launches, innovations, M&A, partnerships, and capacity expansions to compete in the market.

Product Insights and News

  • akzonobel.com - The company offers production of hydrogen peroxide under chemical business.

  • akzonobel.com - Through the decorative paints segment, the company offers paints, lacquers, varnishes along with mixing machines and color concepts for the building and renovation industry.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The hydrogen peroxide market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Hydrogen Peroxide Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the hydrogen peroxide market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Hydrogen Peroxide Market?

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46% of the market’s growth will originate from APAC during the forecast period. China, South Korea, and India are the key markets for hydrogen peroxide in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The growing population, along with the improving educational system, is expected to drive the demand for paper. This will facilitate the hydrogen peroxide market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the regional market witnessed a decline in its growth, owing to the COVID-19 outbreak. The temporary shutdown of production plants disrupted the supply chain, while operational uncertainties impacted the growth of the market in the region. However, there was an increased demand for sterilizers and disinfectants, including hydrogen peroxide, in countries such as China. The country witnessed the highest number of COVID-19 positive cases in 2020. As a result, the Government of China focused on implementing proper hygiene and sanitation measures in government and private hospitals, ambulatory care centers, diagnostic laboratories, and other healthcare facilities. 

What are the Revenue-generating End-user Segments in the Hydrogen Peroxide Market?

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The hydrogen peroxide market share growth by the pulp and paper segment will be significant during the forecast period. In 2021, the global hydrogen peroxide market witnessed a high growth due to the growing demand from the pulp and paper industry. The increasing awareness of the use of recycled papers is expected to drive the demand for de-inked recycled papers. The demand for paper in developing countries such as India, China, and Malaysia is increasing based on the preference for eco-friendly paper packaging over plastic packaging solutions. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the hydrogen peroxide market size and actionable market insights on post COVID-19 impact on each segment.

Hydrogen Peroxide Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The increasing demand from the pulp and paper industry is notably driving the hydrogen peroxide market growth, although factors such as growing availability of substitutes may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the hydrogen peroxide industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Hydrogen Peroxide Market Driver

One of the key factors driving growth in the hydrogen peroxide market is the increasing demand from the pulp and paper industry. The demand for paper in countries such as India, China, and Malaysia is expected to drive the global hydrogen peroxide market. This is due to the booming literacy rate, which helps in increasing the use of printing technology. Several manufacturers are adopting eco-friendly technologies and better water management facilities to increase the efficiency of paper production. The recycling of paper has also registered significant growth in the recent past due to demand for various specialty chemicals, pushing the pulp and paper industry as a key revenue generator. With the commercialization of the hydrogen peroxide propylene oxide (HPPO) process to produce propylene oxide using hydrogen peroxide as raw material, the demand for hydrogen peroxide will increase during the forecast period.

Key Hydrogen Peroxide Market Trend

The innovative use of hydrogen peroxide is a hydrogen peroxide market trend that is expected to have a positive impact in the coming years. Technological innovations have brought improvements in the production volumes of hydrogen peroxide manufacturers. Developing innovative methods can increase better usage of hydrogen peroxide to a large extent. For instance, the Department of Energy from both Stanford University and SLAC NATIONAL ACCELERATOR LABORATORY has created a small device to produce hydrogen peroxide that could be powered by renewable energy sources, such as conventional solar panels. Similarly, STERIS Corporation announced the launch of the V-PRO 60 low-temperature sterilization system, its latest innovative development for the current challenging healthcare market. This product provides healthcare professionals with a cost-effective and productive solution for reprocessing moisture and heat-sensitive devices. Due to such technological innovations, the demand for the market will continue to grow.

Key Hydrogen Peroxide Market Challenge

The growing availability of substitutes will be a major challenge for the hydrogen peroxide market during the forecast period. Factors such as the widespread adoption of surrogate bleaching agents in the pulp and paper industry and the growing presence of substitutes for hydrogen peroxide in wastewater treatment applications are expected to hamper the growth of the global hydrogen peroxide market during the forecast period. The global pulp and paper industry is expected to witness incremental growth during the forecast period. Factors such as the availability of abundant raw material resources in the form of plantations, forests, and other sources of wood pulp are expected to accelerate the consumption of paper and paper-based products worldwide in the coming years. Thus, the availability of a wide range of substitutes for hydrogen peroxide will hamper the growth of the global hydrogen peroxide market during the forecast period.

This hydrogen peroxide market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

 

Hydrogen Peroxide Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.24%

Market growth 2022-2026

$ 461.92 million

Market structure

Fragmented

YoY growth (%)

4.2

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 46%

Key consumer countries

US, China, India, South Korea, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Aditya Birla Management Corporation Pvt. Ltd., Akzo Nobel NV, Arkema Group, BASF SE, Chang Chun Group, Ciner Resources Corp., Evonik Industries AG, Gujarat Alkalies and Chemicals Ltd., HANSOLCHEMICAL, 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, Solvay SA, and TAEKWANG INDUSTRIAL Co. Ltd.

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, 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.

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What are the Key Data Covered in this Hydrogen Peroxide Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive hydrogen peroxide market growth during the next five years
  • Precise estimation of the hydrogen peroxide market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the hydrogen peroxide industry across APAC, North America, Europe, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of hydrogen peroxide market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by End-user

    • 5.1 Market segments
      • Exhibit 24: Chart on End-user - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on End-user - Market share 2021-2026 (%)
    • 5.2 Comparison by End-user
      • Exhibit 26: Chart on Comparison by End-user
      • Exhibit 27: Data Table on Comparison by End-user
    • 5.3 Pulp and paper - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Pulp and paper - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Pulp and paper - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Pulp and paper - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Pulp and paper - Year-over-year growth 2021-2026 (%)
    • 5.4 Textiles - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Textiles - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Textiles - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Textiles - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Textiles - Year-over-year growth 2021-2026 (%)
    • 5.5 Wastewater treatment - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Wastewater treatment - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Wastewater treatment - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Wastewater treatment - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Wastewater treatment - Year-over-year growth 2021-2026 (%)
    • 5.6 Others - Market size and forecast 2021-2026
      • Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.7 Market opportunity by End-user
      • Exhibit 44: Market opportunity by End-user ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 46: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 48: Chart on Geographic comparison
      • Exhibit 49: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.7 South America - Market size and forecast 2021-2026
      • Exhibit 66: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 India - Market size and forecast 2021-2026
      • Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.11 Germany - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.12 South Korea - Market size and forecast 2021-2026
      • Exhibit 86: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on South Korea - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on South Korea - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 90: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 91: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 93: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 94: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 95: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 96: Matrix on vendor position and classification
            • 10.3 Akzo Nobel NV
              • Exhibit 97: Akzo Nobel NV - Overview
              • Exhibit 98: Akzo Nobel NV - Business segments
              • Exhibit 99: Akzo Nobel NV - Key news
              • Exhibit 100: Akzo Nobel NV - Key offerings
              • Exhibit 101: Akzo Nobel NV - Segment focus
            • 10.4 Arkema Group
              • Exhibit 102: Arkema Group - Overview
              • Exhibit 103: Arkema Group - Business segments
              • Exhibit 104: Arkema Group - Key news
              • Exhibit 105: Arkema Group - Key offerings
              • Exhibit 106: Arkema Group - Segment focus
            • 10.5 BASF SE
              • Exhibit 107: BASF SE - Overview
              • Exhibit 108: BASF SE - Business segments
              • Exhibit 109: BASF SE - Key news
              • Exhibit 110: BASF SE - Key offerings
              • Exhibit 111: BASF SE - Segment focus
            • 10.6 Evonik Industries AG
              • Exhibit 112: Evonik Industries AG - Overview
              • Exhibit 113: Evonik Industries AG - Business segments
              • Exhibit 114: Evonik Industries AG - Key news
              • Exhibit 115: Evonik Industries AG - Key offerings
              • Exhibit 116: Evonik Industries AG - Segment focus
            • 10.7 Kemira Oyj
              • Exhibit 117: Kemira Oyj - Overview
              • Exhibit 118: Kemira Oyj - Business segments
              • Exhibit 119: Kemira Oyj - Key news
              • Exhibit 120: Kemira Oyj - Key offerings
              • Exhibit 121: Kemira Oyj - Segment focus
            • 10.8 Merck KGaA
              • Exhibit 122: Merck KGaA - Overview
              • Exhibit 123: Merck KGaA - Business segments
              • Exhibit 124: Merck KGaA - Key news
              • Exhibit 125: Merck KGaA - Key offerings
              • Exhibit 126: Merck KGaA - Segment focus
            • 10.9 National Peroxide Ltd.
              • Exhibit 127: National Peroxide Ltd. - Overview
              • Exhibit 128: National Peroxide Ltd. - Product / Service
              • Exhibit 129: National Peroxide Ltd. - Key offerings
            • 10.10 Nouryon Chemicals Holding BV
              • Exhibit 130: Nouryon Chemicals Holding BV - Overview
              • Exhibit 131: Nouryon Chemicals Holding BV - Business segments
              • Exhibit 132: Nouryon Chemicals Holding BV - Key news
              • Exhibit 133: Nouryon Chemicals Holding BV - Key offerings
              • Exhibit 134: Nouryon Chemicals Holding BV - Segment focus
            • 10.11 OCI Co. Ltd.
              • Exhibit 135: OCI Co. Ltd. - Overview
              • Exhibit 136: OCI Co. Ltd. - Business segments
              • Exhibit 137: OCI Co. Ltd. - Key offerings
              • Exhibit 138: OCI Co. Ltd. - Segment focus
            • 10.12 Solvay SA
              • Exhibit 139: Solvay SA - Overview
              • Exhibit 140: Solvay SA - Business segments
              • Exhibit 141: Solvay SA - Key news
              • Exhibit 142: Solvay SA - Key offerings
              • Exhibit 143: Solvay SA - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 144: Inclusions checklist
                • Exhibit 145: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 146: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 147: Research methodology
                • Exhibit 148: Validation techniques employed for market sizing
                • Exhibit 149: Information sources
              • 11.5 List of abbreviations
                • Exhibit 150: List of abbreviations
              • in crude oil prices: The volatility of crude oil prices is one of the key challenges in the global commodity chemicals market. The volatility of crude oil prices impacts the pricing strategies and margins of adhesives, sealants, lubricants, oilfield cleaners, polymers, as well as plastic additives. The margins of the commodity chemicals are inherently dependent on the global prices of crude oil, which is one of the key raw materials. Any volatility in the prices of crude oil causes uncertainty in end-use markets and eventually influences the margins of all the key stakeholders, including the vendors in the global commodity chemicals market. These fluctuations adversely affect the profitability, cost of sales, and the ability of vendors to effectively address the demands of consumers.

                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.

                TechnavioINFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases
                Technavio

                TechnavioDATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts
                Technavio

                TechnavioREPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape
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                The hydrogen peroxide market market growth will increase by $$ 461.92 mn during 2023-2026.
                The hydrogen peroxide market market is expected to grow at a CAGR of 5.24% during 2023-2026.
                Technavio has segmented the hydrogen peroxide market market by end-user (Pulp and paper, Textiles, Wastewater treatment, and Others) and geography (APAC, North America, Europe, Middle East and Africa, and South America).
                Aditya Birla Management Corporation Pvt. Ltd., Akzo Nobel NV, Arkema Group, BASF SE, Chang Chun Group, Ciner Resources Corp., Evonik Industries AG, Gujarat Alkalies and Chemicals Ltd., HANSOLCHEMICAL, 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, Solvay SA, TAEKWANG INDUSTRIAL Co. Ltd. are a few of the key vendors in the hydrogen peroxide market market.
                APAC will register the highest growth rate of 46% among the other regions. Therefore, the hydrogen peroxide market market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                The key factors driving the hydrogen peroxide market market growth are:
                • increasing demand from the pulp and paper industry

                  The demand for paper in countries such as India, China, and Malaysia is expected to drive the global hydrogen peroxide market. This is due to the booming literacy rate, which helps in increasing the use of printing technology. For instance, the Indian government is leaning toward the manufacturing of various paper products is expected to boost the demand for hydrogen peroxide in the pulp and paper industry. Several manufacturers are adopting eco-friendly technologies and better water management facilities to increase the efficiency of paper production. The recycling of paper has also registered significant growth in the recent past due to demand for various specialty chemicals, pushing the pulp and paper industry as a key revenue generator. The global pulp and paper industry is anticipated to witness growth during the forecast period owing to the increased consumption of chemically extracted wood pulp and the development of products such as specialty paper and pulp chemicals in the market. The demand for specialty pulp and paper chemicals is expected to grow during the forecast period. The growth is attributed to the rise in demand for functional chemicals, such as dyes, pigments, binders, sizing chemicals, and special coating agents, as well as the growing use of paper for various applications like printing, labeling, and packaging. However, factors such as fluctuations in the prices of paper and pulp can hamper the growth of the market. In recent years, there have been fluctuations in the prices of paper pulp, which is a major raw material used in manufacturing paper products such as paperboard. For instance, according to the US Bureau of Labor Statistics, the Producer Price Index (PPI) for pulp, paper, and allied products in the US rose from 169.7 in March 2017 to 217.1 in June 2018. In November 2019, the PPI for pulp, paper, and allied products stood at 137.4, while in January 2021, the PPI for pulp, paper, and allied products reached 143.5. The fluctuations in prices will eventually lead to fluctuations in manufacturing costs for players in the pulp and paper industry as well as packaging manufacturers, thereby affecting their overall profitability. These factors can negatively impact the demand for hydrogen peroxide from the pulp and paper industry. Growing environmental awareness and stringent regulations on the use of non-biodegradable chemicals in wood pulp processing have compelled pulp and paperboard manufacturers to adopt chlorine-free bleaching processes, which will propel the demand for hydrogen peroxide and have a positive impact on market growth. Hydrogen peroxide is increasingly preferred by end-users due to its strong oxidizing properties, eco-friendliness, and biodegradable nature. Therefore, the use of hydrogen peroxide is estimated to increase even further during the forecast period. The global pulp and paper market is dominated by companies from North America, Northern Europe, and Japan. It is seen that China is also a leading paper manufacturing country. Annually, around 400 million metric tons of paper and cardboard are produced worldwide, with China being responsible for around one-quarter of the total production. With the commercialization of the hydrogen peroxide propylene oxide (HPPO) process to produce propylene oxide using hydrogen peroxide as raw material, the demand for hydrogen peroxide will increase.


                • Innovative use of hydrogen peroxide

                  Technological innovations have brought improvements in the production volumes of hydrogen peroxide manufacturers. However, higher production volumes have also resulted in an increase in the primary source of applications, mainly due to growth in population and a rise in different usage techniques. Developing innovative methods can increase better usage of hydrogen peroxide to a large extent. For instance, the Department of Energy from both Stanford University and SLAC NATIONAL ACCELERATOR LABORATORY has created a small device to produce hydrogen peroxide that could be powered by renewable energy sources, such as conventional solar panels. The idea was to develop an electrochemical cell that could generate hydrogen peroxide from oxygen and water and then use the hydrogen peroxide in groundwater to oxidize organic contaminants that are not safe to consume. The project is a collaborative project between three research groups at the SUNCAT Center for Interface Science and Catalysis, which is run by Stanford University and SLAC. Similarly, STERIS Corporation announced the launch of the V-PRO 60 low-temperature sterilization system, its latest innovative development for the current challenging healthcare market. This product provides healthcare professionals with a cost-effective and productive solution for reprocessing moisture and heat-sensitive devices. The V-PRO 60 sterilizer can process a wide range of devices with the use of hydrogen peroxide, enabling sterile processing professionals to be more productive. The device utilizes nearly 55% hydrogen peroxide in all sterilization cycles.


                The hydrogen peroxide market market vendors should focus on grabbing business opportunities from the pulp and paper segment as it accounted for the largest market share in the base year.
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