Hydrogen Peroxide Market Size, Share, Trends, Growth and Forecast 2032

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Free Analysis

Hydrogen peroxide is a week acid. It is more viscous than water. It shows strong oxidizing nature and it is used as bleaching agent, cleaning agent and as an oxidizer. It is high combustible when it comes in contact with organic substances. It is used as solvent, intermediate in chemical industry. Moreover, the major application industries of hydrogen peroxide include electrical and electronic, food packaging, water treatment, personal care, laundry and dishwashing, cleaning and furnishing care, paper & pulp.

Growing pulp and paper industry across the globe is a major driving factor of hydrogen peroxide market. Moreover, rising penetration for recycled paper due to strong regulations imposed by the regulatory bodies is projected to increase in demand for hydrogen peroxide in the near future. However, instability in price trend of raw material may slow down the growth of the market. Furthermore, the emerging trends in developed countries such as China, India and Brazil may provide new avenues to the major market’s player over the future years.

Based on applications, the global hydrogen peroxide market is bifurcated into textile, paper and pulp, waste water treatment, chemical and others. Paper & pulp led the market of hydrogen peroxide in 2016. Water treatment segment was second largest application of the global hydrogen peroxide market in the same year. Growing water and sewage treatment projects across the world is likely to provide significant growth to the market in the next few years. Textile is also predicted to witness the moderate growth within the forecast period owing to the rising population along with changing lifestyle of the people.

Asia Pacific was the dominating market of hydrogen peroxide in 2016. China was the major contributor of the market in the region. Surging demand for hydrogen peroxide in packaging industry is likely to bolster the market growth in the region over the years to come. Asia Pacific was followed by Europe and North America in the same year. The stringent rules and regulations are expected to boost the demand for bio-based material in Europe and North America over the years to come. Moreover, Latin America and Middle East & Africa regions are considered to grow at moderate pace during the forthcoming years.

Some of the major players of the global hydrogen peroxide market include Arkema SA, Kemira, BASF SE, Akzo Nobel, Solvay, Aditya Birla Chemicals, Ecolab, Merck Group, Evonik Industries AG, National Peroxide Limited, Mitsubishi Gas Chemical Company, Inc., and The Dow Chemical Company among years.