According to Acumen Research and Consulting, the global hydrogen peroxide market size is expected to reach around US$ 6.3 billion by 2026 and forecasted to grow at a CAGR of 5.2 % over forecast period 2019 to 2026.
Hydrogen peroxide or H2O2 was identified in 1818 as a chemical compound. It is a transparent liquid that is used mainly in diverse sectors because of its superior bleaching properties. This chemical compound is marginally more viscous than water used to avoid infection. It is an important raw material for the production of propylene oxide. In turn, increased demand for propylene oxide will boost the item requirement in the future.
The report provides analysis of global Hydrogen Peroxide market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.
An enhanced use of hydrogen peroxide in bleaching and de-incorporation procedures for recycled paper in the textile sector is anticipated to contribute to the long-term development of the worldwide hydrogen peroxide market. There has been a latest trend-a growing demand in the emerging globe for recycled paper is anticipated to increase the use of industrial hydrogen peroxide in Latin America and South Asia.
In relation to the electronics industry it is also anticipated that enhanced hydrogen peroxide use for etching printed circuit boards will further boost the chemical market growth.
In the Asia-Pacific region, the pulp and paper industry and the packaging industry are also currently thriving, and thus the region remains, and is expected to remain, by region, the largest segment of the global hydrogen peroxide market in the near future.
However, since focused agricultural hydrogen peroxide alternatives present severe risk to human health for eye and skin exposure and are carcinogenic in character, the industry for hydrogen peroxides will experience these difficulties in the near future with respect to development.
Moreover, since recent years, the technological transition from print to digital media has also reduced the development of the hydrogen peroxide sector to a point.
One of the main applications of hydrogen peroxide in the chemical downstream use is that propylene oxide is generated by a very competitive business manufacturing method. This is anticipated to become a significant hydrogen peroxide usage category worldwide in the next three or four years.
Hydrogen peroxide is a commodity which is environmentally friendly. As economic awakening is increasing global and environmental regulations are becoming stringent, the market in hydrogen peroxides is anticipated to expand. It should also be observed that in latest years the use of hydrogen peroxide as an oxidizing agent has increased.
Its comprehensive use in the paper and pulp industry is the main development engine for hydrogen peroxide. The item is used to blanch the pulp, reused polymers and mechanical pulp. The use of this chemical compound in the paper & plastic sector reduces costs and improves ultimate luminosity. It is recognized that the mechanical wood output pulp is wealthy in lignin. This needs a gentle bleach. The item can oxidize the lignin chromophores and also maintains elevated pulp output. It also helps to remove ink from recycled paper and prevent yellowing. The world manufacturing of paper and boards rose from around 230 million tonnes in 1990 to over 370 million tonnes in 2015. Increasing paper supply is probable to have a positive effect on market growth.
In turn, the increased use of HPPO or the hydrogen peroxide propylene oxide method will increase market growth in the coming years. This is because the item is used to make propylene oxide by this method as a feedstock. The method was launched in 2008 and has resulted in different collaborations between the main participants in the sector. This in turn will boost the item requirement.
Another cause of market growth would be the development in the food and beverage sector. This is due to the comprehensive use of food processing products. By 2026, the food and beverage industry is expected to produce more than USD 152 billion in revenues. This would boost the requirement for H2O2 in this sector.
End User Stance
Paper & Pulp is the industry leader for hydrogen peroxides and in 2018 accounted for over 42% of the world share. Due to the increased demand for plastic in the packaging and recycling industry, the segment will preserve its dominance in the future. As the workforce is growing over the years, home delivery alternatives are chosen because they are practical and time consuming less. The increasing population of females in the workplace has also considerably led to the meal delivery choice. This would boost the demand for flexible packaging that would propel the H2O2 requirement. The industry is therefore expected to record an annual development level of more than 5% in the future.
Hydrogen peroxide is also used as an oxygen source and an oxidizing agent in the mining industry. For instance, the item is used in the manufacturing of uranium, ore washing and concentrates preparation, because the item is eco friendly and can be used for sophisticated oxidation procedures. In the coming years, healthy development in the wastewater treatment sector will have an additional effect on market growth. Increasing industrialization would increase development in emerging economies in this section.
Due to its elevated manufacturing capability, the hydrogen peroxide industry is dominated by Asia Pacific. Another factor contributing to the market share is the booming paper and pulp industry in Asian nations. The manufacturing of H2O2 in this region is more cost-effective because of small price variables in manufacturing. Therefore, market-generated sales in this region in 2018 amounted to more than USD 2.5 billion and are expected to expand substantially in the future.
North America is another region that has a significant market share. The region's present business location has been supported by high paper manufacturing, accompanied by increasing mining operations. In 2018, the US paper industry produced over USD 105 billion in annual income. Because the item is used as a bleaching agent, increasing demand for the item would lead. The item is also used as a disinfectant with supply rising over the forecast period as the U.S. is the world's major medical industry.
Global Hydrogen Peroxide Market, by End User
Global Hydrogen Peroxide Market, by Geography
The market research study on “Hydrogen Peroxide Market Size, Share & Trends Analysis Report By End User, By Region - Global Industry Size, Share, Trends and Forecast 2019 - 2026” offers detailed insights on global Hydrogen Peroxide market segments with market dynamics and their impact. The report also covers basic technology development policies.
This study offers an assessment of the recent sector trends in each subsection from 2015 to 2026 and forecasts income development at the worldwide, regional, and nation levels. ARC has divided the Hydrogen Peroxide market into the various segments for the purpose of this research:
Key Players & Strategies
Some of the vital players in the global hydrogen peroxide market are Kemira Oyj, Aditya Birla Chemicals Ltd., Solvay, Akzo Nobel, Evonik Industries, Gujarat Alkalies, etc. The industry is strengthened with few major competitors. Fusion & purchases is a significant business approach.
In order to satisfy the increasing requirement of multiple sectors, Kemira Oyj plans to increase its manufacturing ability. Solvay and Evonik Industries have invested in product development and specifically offered item grades for different apps. Dow Chemicals, BASF SE and Solvay worked together to increase the consumer requirement in the sector of HPPO technology.
Hydrogen peroxide is used mainly in diverse sectors because of its superior bleaching properties. Hydrogen peroxide is also used as an oxygen source and an oxidizing agent in the mining industry.
n relation to the electronics industry it is also anticipated that enhanced hydrogen peroxide use for etching printed circuit boards will further boost the chemical market growth.
According to Acumen Research and Consulting, the hydrogen peroxide market size is anticipated to reach around US$ 6.3 billion in 2026.
The hydrogen peroxide market is anticipated to grow over 5.2% CAGR during the forecast period 2019 to 2026.
Paper & Pulp is the industry leader for hydrogen peroxides and in 2018 accounted for over 42% of the world share.
Due to its elevated manufacturing capability, the hydrogen peroxide industry is dominated by Asia Pacific.
In 2018, the US paper industry produced over USD 105 billion in annual income.