세계의 산업용 과산화수소 시장(2024-2031년)

Report Overview

The Global Industrial Hydrogen Peroxide Market size was worth US$ 3.26 billion in 2023 and is estimated to reach US$ 4.49 billion by 2031, growing at a CAGR of 4.32% during the forecast period (2024-2031).

The colorless liquid hydrogen peroxide is frequently used as an oxidant, bleaching agent and disinfectant. Hydrogen peroxide is the simple form of peroxide, consisting solely of hydrogen & oxygen. It is used in practically every food and beverage. Hydrogen peroxide has been used in North America & Europe for decades. The market is still looking for new investments due to rising demand in these areas.

Hydrogen peroxide was first utilized to help with paper preparation, which is now the primary driver of the industrial hydrogen peroxide market. Almost all paper and pulp manufacturers use hydrogen peroxide in the manufacturing process. It can be used in several oxidation scenarios and pH ranges.

Market Dynamics

Sodium perborate and sodium percarbonate are made from hydrogen peroxide and are used as bleaching agents in detergents. Because of its widespread use and growing presence in the paper and pulp sector worldwide, the industrial hydrogen peroxide market is likely to increase consumer demand. The most significant impediment to the industrial hydrogen peroxide business is the health risks associated with hydrogen peroxide exposure.

Rising adoption of industrial hydrogen peroxide in various industries

The increased adaptability in the paper and pulp sector is driving the industrial hydrogen peroxide market. Industrial hydrogen peroxide attracts companies worldwide due to its simple characteristics and wide application, boosting the market.

The market for industrial hydrogen peroxide is booming thanks to its use in detergent bleaches, textile bleaching and water purification. India and China, manufacturing centers for industrial hydrogen peroxide, represent a prospective market for industrial hydrogen peroxide. Due to its numerous advantages, the industrial hydrogen peroxide market will likely expand over the forecast period.

Wide use of hydrogen peroxide as an antimicrobial chemical

Hydrogen peroxide is a common antibacterial agent. It's utilized as a preservative, disinfectant and sterilizer in liquid and gas form. Its benefits include potent and broad-spectrum antibacterial activity, versatility in application and a low-risk profile compared to other microbicides. Depending on the application, hydrogen peroxide is effective against all microorganisms, including latent forms with known high resilience, such as bacterial spores & protozoal cysts and infectious proteins like prions. It also has benefits in terms of toxicity and environmental impact.

Disinfection and sterilization are also common uses for hydrogen peroxide gas. The gas form is more effective at lower concentrations than liquid forms due to its rapid efficacy, low temperature, compatibility with surface materials and low toxicity concerns.

Health hazards caused by hydrogen peroxide

The most significant impediment to the industrial hydrogen peroxide business is the health risks associated with hydrogen peroxide exposure. Continuous and excessive contact with the chemical appears to impact numerous human body regions, including the eyes, gastrointestinal tract and skin irritation, prompting regulatory bodies to enact strict limits. Hydrogen peroxide is a carcinogenic substance that is a major stumbling block for the industrial hydrogen peroxide business.

Market Segment Analysis

By end-user, the industrial hydrogen peroxide market is segmented into pulp & paper, chemical synthesis, healthcare & personal care, food processing, textile, water & wastewater treatment, electronics & semiconductors and others.

Extensive use of hydrogen peroxide in paper & pulp industries

Hydrogen peroxide is widely used as a bleaching agent in the paper and pulp business to manufacture a variety of pulps, including mechanical, chemical and recyclable pulps and to whiten the pulps for the industries. Over other bleaching agents, hydrogen peroxide is used in the re-pulping of wastepaper because it helps to reduce bleaching costs while also lowering the effluent color.

In recent years, the European pulp and paper industry had a capacity of 43.65 million tonnes, an increase of 1.49% over the previous year, which boosted market demand for hydrogen peroxide. The Confederation of European Paper Industries (CEPI) countries produced 85.1 million tonnes of paper and board in 2020, a 5% decrease from the previous year, which negatively influenced market demand for hydrogen peroxide. Hydrogen peroxide is predicted to be in demand in the paper and pulp industries in U.S., Asia-Pacific and Europe.

Market Geographical Share

Increasing demand from various end-use industries in China

In terms of GDP, China holds the largest economy in Asia-Pacific. China is among the fastest-growing economies globally, with nearly all end-user industries expanding due to rising population, improving living standards and per capita income. China is a chemical manufacturing powerhouse, producing a sizable part of the world's chemicals. The industry's demand for hydrogen peroxide is expected to rise throughout the forecast period, owing to the rising global demand for various chemicals.

China is the world's biggest pulp and paper producer. The industry is modern and highly mechanized, with low-cost labor. Forest cover is expanding in China as a result of government afforestation activities. While this is a positive indicator, certain social and environmental issues are concerned. Significant obstacles exist as the world's largest wood importer, with complicated and opaque supply systems.

The country has the greatest electronics industry in the world. Electronic products like smartphones, OLED TVs, tablets and other consumer electronics are experiencing the fastest growth in the market. The demand for electronic devices is estimated to rise shortly as the middle-class population's disposable income rises, increasing market growth.

Market Competitive Landscape

Solvay SA, Evonik Industries AG, Arkema SA, AkzoNobel N.V., BASF SE, The DOW Chemical Company, Ecolab Inc. (Nalco Company), Kemira OYJ, Merck Group and Mitsubishi Gas Chemical Company are among the major worldwide industrial hydrogen peroxide market players.

COVID-19 Impact Analysis

COVID-19 harmed the global market significantly in 2020. The paper and pulp business uses hydrogen peroxide as a bleaching agent. In contrast, the mining industry uses it as an oxidant. Because of the pandemic, these end-user sectors were forced to temporarily suspend operations, causing the industry to reduce the usage of bleaching chemicals and oxidants, lowering the demand for hydrogen peroxide.

Rising demand from the paper and pulp sector and increased consumption of hydrogen peroxide as a raw ingredient for propylene oxide manufacturing (HPPO Process) are projected to boost market expansion in the short term. The market's growth is being hampered by health risks connected with long-term exposure to hydrogen peroxide and poor conditions caused by COVID-19's impact. In the next years, new applications for hydrogen peroxide in wastewater treatment and the expansion of the electronic sector in developing Asian countries are projected to generate prospects for the market.

Russia-Ukraine War Impact

The outbreak of the war in February 2022 marked a significant shift in the discourse, from sustainability and climate change mitigation to energy supply security through new collaborations, notably in response to Russia's unreliability.

Since the beginning of the war, the price of natural gas has risen by 70% on international markets, prompting lawmakers around the world to urgently seek alternate fuel sources. The fight has prompted 25 countries to spend US$ 73 billion in new, lower-cost green hydrogen developments, since record-high gas prices have rendered fossil-fuel-based hydrogen uneconomic.

Russian enterprises are among the world's largest manufacturers of fertilizer. PhosAgro, one of the largest producers of phosphates and NPK, produced 10.3 million mt of fertilizer in 2021. Uralkali is a major producer and exporter of potash. Prior to the war in Ukraine, Russia accounted for 16% of global fertilizer commerce, which has since declined dramatically.

By Function

• Bleaching
• Oxidizing
• Sterilizing/Disinfecting
• Propulsion
• Others

By End-user

• Pulp and Paper
• Chemical Synthesis
• Healthcare & Personal Care
• Food Processing
• Textile
• Water & Wastewater Treatment
• Electronics & Semiconductor
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments:

• January 2024: Solvay and Huatai announce plans to increase their hydrogen peroxide production capacity in China. The decision to increase production capacity was made in light of the increased demand for hydrogen peroxide in the solar industry, where it is utilized as a cleaning agent in the manufacture of photovoltaic cells. As part of its expansion strategy, the joint venture intends to generate 48,000 tons/year of photovoltaic-grade hydrogen peroxide by 2025.
• In December 2023, Evonik Industries AG bought Thai Peroxide Co. Ltd, a Thai peroxide product maker. The acquisition increased the company's capacity to produce several peroxide products, notably hydrogen peroxide.
• In October 2023, Dow and Evonik began operating a new pilot facility in Hanau, Germany, to convert hydrogen peroxide to propylene glycol (HPPG).
• Shinsol Advanced Chemicals, a joint venture between Solvay and Shinkong Synthetic Fibers Corporation, began operations in a new plant in Tainan, Taiwan, in September 2023. The factory will create 35,000 tons of electronic-grade hydrogen peroxide annually.

Why Purchase the Report?

• Visualize the composition of the industrial hydrogen peroxide market segmentation by function, end-user and region, highlighting the critical commercial assets and players.
• Identify commercial opportunities in the industrial hydrogen peroxide market by analyzing trends and co-development deals.
• Excel data sheet with thousands of industrial hydrogen peroxide market-level 4/5 segmentation points.
• Pdf report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
• Product mapping in excel for the key product of all major market players

The global industrial hydrogen peroxide market report would provide access to an approx. 51 market data table, 49 figures and 212 pages.

Target Audience 2024

• Industrial Hydrogen Peroxide Service Providers/ Buyers
• Industry Investors/Investment Bankers
• Education & Research Institutes
• Emerging Companies
• Industrial Hydrogen Peroxide Manufacturers

Table of Contents

1. Global Industrial Hydrogen Peroxide Market Methodology and Scope

• 1.1. Research Methodology
• 1.2. Research Objective and Scope of the Report

2. Global Industrial Hydrogen Peroxide Market - Market Definition and Overview

3. Global Industrial Hydrogen Peroxide Market - Executive Summary

• 3.1. Market Snippet by Function
• 3.2. Market Snippet by End-User
• 3.3. Market Snippet by Region

4. Global Industrial Hydrogen Peroxide Market-Market Dynamics

• 4.1. Market Impacting Factors
  • 4.1.1. Drivers
    • 4.1.1.1. Rising adoption of industrial hydrogen peroxide in various industries
    • 4.1.1.2. Wide use of hydrogen peroxide as an antimicrobial chemical
  • 4.1.2. Restraints
    • 4.1.2.1. Health hazards caused by hydrogen peroxide
  • 4.1.3. Opportunity
  • 4.1.4. Impact Analysis

5. Global Industrial Hydrogen Peroxide Market - Industry Analysis

• 5.1. Porter's Five Forces Analysis
• 5.2. Supply Chain Analysis
• 5.3. Pricing Analysis
• 5.4. Regulatory Analysis

6. Global Industrial Hydrogen Peroxide Market - COVID-19 Analysis

• 6.1. Analysis of COVID-19 on the Market
  • 6.1.1. Before COVID-19 Market Scenario
  • 6.1.2. Present COVID-19 Market Scenario
  • 6.1.3. After COVID-19 or Future Scenario
• 6.2. Pricing Dynamics Amid Covid-19
• 6.3. Demand-Supply Spectrum
• 6.4. Government Initiatives Related to the Market During Pandemic
• 6.5. Manufacturers Strategic Initiatives
• 6.6. Conclusion

7. Global Industrial Hydrogen Peroxide Market - By Function

• 7.1. Introduction
  • 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
  • 7.1.2. Market Attractiveness Index, By Function
• 7.2. Bleaching*
  • 7.2.1. Introduction
  • 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 7.3. Oxidizing
• 7.4. Sterilizing/Disinfecting
• 7.5. Propulsion
• 7.6. Others

8. Global Industrial Hydrogen Peroxide Market - By End-User

• 8.1. Introduction
  • 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 8.1.2. Market Attractiveness Index, By End-User
• 8.2. Pulp & Paper*
  • 8.2.1. Introduction
  • 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
• 8.3. Chemical Synthesis
• 8.4. Healthcare & Personal Care
• 8.5. Food Processing
• 8.6. Textile
• 8.7. Water & Wastewater Treatment
• 8.8. Electronics & Semiconductor
• 8.9. Others

9. Global Industrial Hydrogen Peroxide Market - By Region

• 9.1. Introduction
• 9.2. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
• 9.3. Market Attractiveness Index, By Region
• 9.4. North America
  • 9.4.1. Introduction
  • 9.4.2. Key Region-Specific Dynamics
  • 9.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
  • 9.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 9.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 9.4.5.1. U.S.
    • 9.4.5.2. Canada
    • 9.4.5.3. Mexico
• 9.5. Europe
  • 9.5.1. Introduction
  • 9.5.2. Key Region-Specific Dynamics
  • 9.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
  • 9.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 9.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 9.5.5.1. Germany
    • 9.5.5.2. UK
    • 9.5.5.3. France
    • 9.5.5.4. Italy
    • 9.5.5.5. Spain
    • 9.5.5.6. Rest of Europe
• 9.6. South America
  • 9.6.1. Introduction
  • 9.6.2. Key Region-Specific Dynamics
  • 9.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
  • 9.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 9.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 9.6.5.1. Brazil
    • 9.6.5.2. Argentina
    • 9.6.5.3. Rest of South America
• 9.7. Asia-Pacific
  • 9.7.1. Introduction
  • 9.7.2. Key Region-Specific Dynamics
  • 9.7.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
  • 9.7.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
  • 9.7.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
    • 9.7.5.1. China
    • 9.7.5.2. India
    • 9.7.5.3. Japan
    • 9.7.5.4. Australia
    • 9.7.5.5. Rest of Asia-Pacific
• 9.8. The Middle East and Africa
  • 9.8.1. Introduction
  • 9.8.2. Key Region-Specific Dynamics
  • 9.8.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Function
  • 9.8.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

10. Global Industrial Hydrogen Peroxide Market - Competitive Landscape

• 10.1. Competitive Scenario
• 10.2. Market Positioning/Share Analysis
• 10.3. Mergers and Acquisitions Analysis

11. Global Industrial Hydrogen Peroxide Market - Company Profiles

• 11.1. Solvay SA
  • 11.1.1. Company Overview
  • 11.1.2. Product Portfolio and Description
  • 11.1.3. Key Highlights
  • 11.1.4. Financial Overview
• 11.2. Evonik Industries AG
• 11.3. Arkema SA
• 11.4. AkzoNobel N.V.
• 11.5. BASF SE
• 11.6. The DOW Chemical Company
• 11.7. Ecolab Inc. (Nalco Company)
• 11.8. Kemira OYJ
• 11.9. Merck Group
• 11.10. Mitsubishi Gas Chemical Company (*LIST NOT EXHAUSTIVE)

12. Global Industrial Hydrogen Peroxide Market - Premium Insights

13. Global Industrial Hydrogen Peroxide Market - DataM

• 13.1. Appendix
• 13.2. About Us and Services
• 13.3. Contact Us