The Global Market for Hydrogen Peroxide is Projected to Reach 5.7 Million Metric Tons by 2022

Growing Demand for Vaporized H2O2 as an Effective Decontaminant Drives Growth in the Hydrogen Peroxide Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Hydrogen Peroxide market. The global market for Hydrogen Peroxide is projected to reach 5.7 million metric tons by 2022, driven by strong demand for chemical decontamination solutions for sanitization, disinfection and sterilization applications and the ensuing focus on vaporized hydrogen peroxide as an environmentally friendly decontamination solution.

Hydrogen peroxide (H2O2), a chemical compound of hydrogen and oxygen, is a strong oxidizing agent and is employed predominantly to oxidize organic and inorganic compounds. Given its numerous chemical properties, hydrogen peroxide finds use in a wide array of applications across a broad spectrum of industries including pulp & paper mills, textiles, environmental and household applications. H2O2 is also used in chemical industries as an oxidizer, bleacher, disinfectant and antichlor. The chemical is used as bleach for textiles, hair, ivory, and feathers. Rockets and torpedoes use it as a source of oxygen in fuel. Future growth in the market will be driven largely by emerging new and niche applications in electronic & semiconductors industry, mining & metal extraction, agriculture, paint and polymer production, tanneries, stainless steel industries, pharmaceutical and healthcare. Electronics and semiconductors will especially drive robust demand prospects for H2O2, where it is increasingly used for etching of printed circuit boards and in cleaning and etching processes. The growth of the electronic industry, particularly in developing Asian countries like Taiwan, Korea and China, will fuel encouraging gains in the market. In agriculture, H2O2 is expected to find significant use in soil disinfection and in improving crop yield. Given its disinfectant properties, hydrogen peroxide is also being widely used in pharmaceutical applications and for disinfection of dental and surgical instruments.

Environmental laws and regulations play a vital role in driving the use of hydrogen peroxide, given the chemical’s emission-free and eco-friendly characteristics. Use of hydrogen peroxide in bleaching is witnessing spectacular growth following the crackdown on the use of halogenated bleaching agents, which was often associated with hazardous emissions and effluents. Hydrogen peroxide is currently preferred in pollution control and water treatment applications. Increased environmental pressure, particularly in North America and Western Europe, will continue to drive demand for hydrogen peroxide in applications such as pulp bleaching, treating process streams, and remediating contaminated soil and water. The paper & Pulp industry continues to remain the largest end-use market for H2O2, with growth in the sector driven by its use in pulp bleaching and deinking of recycled paper. In pulp bleaching, H2O2 is used as a versatile bleaching agent in chemical pulp bleaching and mechanical pulp bleaching. Stringent environment protection regulations are creating shifts in consumption of bleaching chemicals favorable to the H2O2 market. The chemical industry is also expected to drive rapid gains in the market, where H2O2 is used in the synthesis of peroxides (peracids, hydroperoxides and diacyl peroxide), epoxidation of olefins, hydroxylation of phenol, and oxidation of amines and hydrazine hydrate.

As stated by the new market research report on Hydrogen Peroxide, Asia-Pacific represents the largest and the fastest growing market worldwide with a CAGR of 6.0% over the analysis period. The growth in the region is led by factors such as worsening water scarcity issues and the ensuing focus on drinking water treatment; growing production of textiles and strong opportunities in textile bleaching; rising standards of living, growing consumer spending on sanitation products and new opportunities as a decontaminant in detergents and household laundry pre-wash products; and growing production of Propylene Oxide (PO) where H2O2 is the primary raw material.

Major players in the market include AkzoNobel Pulp and Performance Chemicals AB, Arkema S.A., Chang Chun Petrochemical Co. Ltd., Evonik Industries AG, Guangdong Zhongcheng Chemicals Inc. Ltd., Hansol Chemicals, Kemira Oyj, Hodogaya Chemical Co. Ltd., Kemira Oyj, Kingboard Chemical Holdings Ltd., Mitsubishi Gas Chemicals Co. Inc., National Peroxide Limited, OCI Company Ltd., and Solvay SA, among others.

The research report titled “Hydrogen Peroxide: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of major companies worldwide. The report provides market estimates and projections for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America, and Rest of World. Key end-use industries analyzed include Pulp & Paper, Textiles, Environmental, Chemical Synthesis, and Others.

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