Market Overview

Hydrogen peroxide (H2O2) is a colorless liquid slightly viscous than water and bitter in taste at room temperature. Hydrogen peroxide easily decomposes into water and oxygen. It undergoes spontaneous reaction when it comes in contact with any organic material. Lower concentration of hydrogen peroxide (3-9%) is used for medical applications and as a bleach for cloth & hair. Higher concentrations (35%, 50%, 70%) are generally used in paper & pulp, textile, chemical industries, and as a part of rocket fuel.

Technological advancements in the production of hydrogen peroxide is projected to drive growth of the market in the near future. For instance, in January 2019, researchers at Ulsan Institute of Science and Technology (UNIST, South Korea) announced that they developed a new catalyst to produce hydrogen peroxide using electricity. The researchers developed a high-performance carbon catalyst, which can convert oxygen to hydrogen peroxide.

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Market Dynamics

Hydrogen peroxide is a green oxidant that decomposes in water and oxygen. It has major applications in bleaching, disinfection, intermediate chemical synthesis, and cleaning/etching. Additionally, hydrogen peroxide is used in mining applications. In 2018, the pulp and paper industry holds dominant share in the hydrogen peroxide market, owing to increasing use of hydrogen peroxide in pulp bleaching and recycled paper deinking. The growth of the pulp industry in Southeast Asia has been particularly strong. Therefore, production of hydrogen peroxide by leading manufacturers is increasing across the Asia Pacific region.

Stringent regulations imposed by agencies such as Occupational Safety and Health Administration (OSHA) based on exposure of hydrogen peroxide is expected to act as a restraint to the hydrogen peroxide market growth. Also, policies implemented by regulatory agencies such as the Food & Drug Administration (FDA), Environmental Protection Agency (EPA), and Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH) is expected to hinder growth of the hydrogen peroxide market over the forecast period.

Detailed Segmentation:

Global Hydrogen Peroxide Market, By Product Type:

35% Hydrogen Peroxide

50% Hydrogen Peroxide

Others

Global Hydrogen Peroxide Market, By Application:

Paper & Pulp

Textiles

Chemical Synthesis

Wastewater Treatment

Personal & Home Care Products

Food

Others

Major players operating in the global hydrogen peroxide market include Arkema S.A., Evonik Industries A.G., Solvay S.A., Mitsubishi Gas Chemical Company, Inc., Kemira Oyj, Thai Peroxide Limited (TPL), Taekwang Industrial Co., Ltd., PeroxyChem LLC, Hansol Chemical, and Nouryon among others.


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