Hydrogen Peroxide Market 2020 : Global Industry Growth Scenario, Demand And Forecast 2027

The global Hydrogen Peroxide Market is expected to be valued at USD 6.18 Billion in 2027 from USD 4.10 Billion in 2019, registering a CAGR of 5.1% through the forecast period. The market growth is predominantly propelled by the accelerated expansion of e-commerce, pharmaceutical, food & beverage industries that are creating an augmented demand for pulp and paper for packaging. The increasing consciousness about the detrimental effects of waste and untreated water on the environment has bolstered the deployment of hydrogen peroxide in water purification technologies. The market growth is also supported by the increasing efforts taken by the governments of numerous countries to improve the awareness about public hygiene, such as Swachh Bharat Abhiyan by the Indian Government.

The compound has been proven to have high efficacy against bacteria, viruses, and bacterial spores. The attribute has augmented its use in sanitization technologies. The approval for the application of this compound on sanitization procedures by regulatory authorities such as the EPA has also boosted the market expansion. The pandemic outbreak resulted in panic buying and stockpiling of the disinfecting products, which compelled the manufacturers to expand their production capacity to cater to the escalating demand. The emphasis on sterilization and sanitization to prevent the community transmission of the virus has bolstered the application of hydrogen peroxide, thereby driving the market growth.

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/hydrogen-peroxide-market

Key Highlights from Report:
• Based on dilution type, the 35% H2O2 sub-segment is projected to register lucrative growth in the projected timeline, expanding at a CAGR of 5.6% throughout the period. The rapid growth of the market can be accredited to the increasing expansion of the food sector and the application of hydrogen peroxide in the bleaching and processing of wheat flour and cheese, respectively.
• The COVID-19 pandemic has increased the focus on the sanitation of food products to reduce the transmission risk from contaminated packages. This has bolstered the use and popularity of hydrogen peroxide in sanitation and eliminating contaminants from food packaging materials.
• The Pulp & Paper sub-segment accounted for the largest market share in 2-19, occupying nearly 40% of the global share. The growth can be accredited to the increasing use of hydrogen peroxide in bleaching chemical pulp in the industry. The application of hydrogen peroxide in bleaching results in stability of brightness, brightness level and drastically reduces manufacturing expenses.
• The disinfectant sub-segment is foreseen to register considerable growth, reporting a CAGR of 5.9% in the projected timeframe. The increasing knowledge about the detrimental impact of the improper disposal of untreated wastewater in water bodies has boosted the application of hydrogen peroxide in wastewater treatment to remove organic impurities.
• Key players of the market include BASF SE, Dow, Chang Chun Group, Arkema Group, Grasim, Gujarat Alkali and Chemicals Ltd, Evonik Industries AG, Hodogaya Chemical Co. Ltd, Guangdong ZhongCheng Chemicals Co. Ltd, and Kemira Oyj.
• In February 2020, Mitsubishi Gas Chemical announced its plans to construct a new hydrogen peroxide production facility in Taiwan. The company has invested nearly USD 156.6 million in the development of the production facility.
• In July 2019, Solvay announced that the company was debottlenecking at its hydrogen peroxide plant to increase the production of H2O2. The company also announced plans to expand its production capacity in Germany and Finland, majorly to cater to the augmenting demand in the European region.

For the purpose of this report, Reports and Data has segmented the Global Hydrogen Peroxide Market on the basis of dilution type, end-user, application, and region:

Dilution Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
• 90% H2O2
• 35% H2O2
• 6 to 10% H2O2
• 3% H2O2

Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
• Bleaching
• Oxidizing
• Disinfectant
• Others

End-user Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
• Pulp & Paper
• Wastewater Treatment
• Chemical Synthesis
• Food & Beverage
• Mining
• Textiles
• Cosmetics & Healthcare
• Others

Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o U.K.
o Italy
o France
o BENELUX
o Rest of Europe
• Asia Pacific
o China
o Japan
o South Korea
o India
o Rest of APAC
• Latin America
o Brazil
o Rest of LATAM
• Middle East & Africa
o Saudi Arabia
o U.A.E.
o South Africa
o Rest of MEA