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Hydrogen Peroxide Market Size, Trends, Shares, Insights And Forecast 2027

Hydrogen Peroxide Market Size, Trends, Shares, Insights And Forecast 2027

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Hydrogen Peroxide Market Size, Trends, Shares, Insights And Forecast 2027

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  1. Coherent Market Insights Market Research and Business Consulting Services https://www.coherentmarketinsights.com/ COVID-19 Impact Tracker

  2. HYDROGEN PEROXIDE MARKET ANALYSIS(2019-2027) Hydrogen Peroxide Market, by Product Type (35% Hydrogen Peroxide, 50% Hydrogen Peroxide, and Others), by Application (Paper & Pulp, Textile, Chemical Synthesis, Wastewater Treatment, Personal & Home Care Products, Food, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027

  3. Hydrogen Peroxide Market – Insights • 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. • Hydrogen peroxide is used to make sodium perborate and sodium percarbonate, which are further utilized as bleaching agents in detergent manufacturing. Industry grade hydrogen peroxide is expected to witness increasing demand among consumers due to large number of applications and expansion of the paper and pulp industry across the world. • Hydrogen peroxide is extensively used in various food applications, owing to its biological degradability and remarkable chemical properties. It is the most commonly used as oxidizing reagent for bleaching purpose in the food processing industry. Hydrogen peroxide is majorly used in products such as natural sugars, starches, gums, natural oils, and waxes among others. Hydrogen peroxide is also used in food products such as cheese, whey, instant tea, natural fatty acid emulsifiers, and herring.

  4. Stringent regulations imposed by agencies such as Occupational Safety and Health Administration (OSHA) based on exposure of hydrogen peroxide is expected to hamper 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. For instance, the U.S. Food and Drug Administration (FDA) warn consumers not to use highly concentrated hydrogen peroxide such as 35% food grade hydrogen peroxide for medicinal purposes. • The global hydrogen peroxide market was pegged at 4,944.8 Kilo Tons in 2018 and is expected to register a CAGR of 3.4% in terms of volume over the forecast period (2019– 2027). • Among application, paper & pulp segment accounted for the largest market volume share of 46% in the global hydrogen peroxide market in 2018. This segment is expected to hold dominant position in the market over the forecast period, owing to rising adoption of hydrogen peroxide as a clean oxidizing agent by paper & pulp industries.

  5. Figure 1: Global Hydrogen Peroxide Market Share (%), By Application, 2018

  6. Figure 2: Global Hydrogen Peroxide Market Share (%), By Region, 2018

  7. Asia Pacific region accounted for the largest market share of around 44.9% in 2018, owing to high demand & presence of hydrogen peroxide manufacturers in the region. Local players operating in China, India, and South East Asia are investing in hydrogen peroxide industry to tap potential local market. For instance, In India, MeghmaniFinechem Ltd (MFL) invested US$ 56 Mn for expansion of existing projects and a new project at its facility in Dahej, Gujarat. The company received funding for its projects through internal accruals and the plant was commissioned by June 30, 2019. • 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. • Key local players are investing into hydrogen peroxide market to meet rising demand from consumers. For instance, in November 2018, Indian Peroxide established its new hydrogen peroxide plant in Gujarat, India. The annual production capacity of plant is 45 Kilo Tons and the plant will offer three concentrations that are 35% Hydrogen Peroxide, 50% Hydrogen Peroxide & 70% Hydrogen Peroxide. Moreover, the company is planning to invest US$ 103 Million in the next 3 to 5 years in India.      

  8. Request Sample Report • Request Customization • Download PDF Brochure • Talk to Analyst • Buy Now • Reference: https://www.coherentmarketinsights.com/market-insight/hydrogen-peroxide-market-3331

  9. About Us Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. What we provide: • Customized Market Research Services • Industry Analysis Services • Business Consulting Services • Market Intelligence Services • Long term Engagement Model • Country Specific Analysis

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