Hydrogen Peroxide Market is Anticipated to Grow US$ 5.30 Bn By 2030
The Hydrogen Peroxide market is projected to reach US$ 5.30 Bn by 2030. And registering a CAGR of around 7.7% over the forecast period 2021 – 2030.
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Growth Factors
Rising demand for the product from the global healthcare sector to formulate sanitizers and other disinfectant products is projected to remain the key factor driving the industry.
One of the key factors behind the increasing consumption of the product in the healthcare sector across the globe is the recent outbreak of coronavirus. Demand for and multiple indoor as well as outdoor disinfectant products, such as floor cleaners and metal disinfectant goods, has quadrupled across all major economies as well as in emerging economies of the world. According to governments worldwide, cleaning of the public spaces, such as public restrooms, airports, bus and metro stations, and commercial spaces, has been made mandatory to curb the spread of the virus. This has led to surge in the consumption of hydrogen peroxide in the industry globally due to its excellent disinfecting properties.
Report Coverage
| Report Scope | Details |
| Market Size | USD 5.30 billion by 2030 |
| Growth Rate | CAGR of 7.7% From 2021 to 2030 |
| Base Year | 2021 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Function, Application |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Evonik Industries; Arkema; Solvay; Gujarat Alkalies & Chemicals Ltd.; OCI Company Ltd. |
Report Highlights
In terms of volume, the bleaching segment accounted the market with a share of 38.4% in 2020. The product finds significant application as a bleaching agent across an array of industries, such as pulp and paper, medical, and textiles.
The disinfectant segment is projected to expand at the fastest CAGR in terms of volume over the forecast period. This is attributed to high indulgence of the product in formulating multiple cleaning agents and hygiene products.
In terms of volume, the pulp and paper application segment accounted the market with a share of 36.2% in 2020. The substance, like bleach, is recognized as a chlorine-free element and is therefore considered an essential product in the pulp and paper industry globally, wherein it is appropriately used to improvise mechanical and chemical properties of pulp and increase paper quality and brightness
The healthcare application segment is expected to expand at the fastest CAGR in terms of volume over the forecast period. This is attributed to widespread demand for the product from rapid manufacturing of sanitization products and disinfectant goods by several multinationals across the globe.
The Asia Pacific led the market and dominated for a 40.3% share of the global revenue in 2020. This is attributed to the increasing penetration of chemical formulators, personal care products, and medical industries in the region. North America is observed to be leading the wastewater treatment industry due to the persistence of prolonged water-borne illness in the country.
The growing requirement for various personal care products in the European market space has also led to the increasing consumption of hydrogen peroxide in the region.
Key Players
- Evonik Industries AG
- Taekwang Industrial, CO., LTD.
- Arkema
- Grupa Azoty
- Solvay
- Akzo Nobel N.V.
- Gujarat Alkalies & Chemicals Ltd.
- National Peroxide Limited
- OCI Company Ltd.
- Airedale Chemical
Market Segmentation
- Function
- Disinfectant
- Bleaching
- Oxidant
- Others
- Application
- Pulp & Paper
- Chemical Synthesis
- Wastewater Treatment
- Mining
- Food & Beverages
- Personal Care
- Healthcare
- Textiles
- Others
- Regional
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- Indonesia
- Malaysia
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- North America
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Reasons to Purchase this Report:
– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Table of Contents
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Hydrogen Peroxide Market, By Function
7.1. Hydrogen Peroxide Market, by Function, 2021-2030
7.1.1. Disinfectant
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Bleaching
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Oxidant
7.1.3.1. Market Revenue and Forecast (2017-2030)
7.1.4. Others
7.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Hydrogen Peroxide Market, By Application
8.1. Hydrogen Peroxide Market, by Application, 2021-2030
8.1.1. Pulp & Paper
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Chemical Synthesis
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Wastewater Treatment
8.1.3.1. Market Revenue and Forecast (2017-2030)
8.1.4. Mining
8.1.4.1. Market Revenue and Forecast (2017-2030)
8.1.5. Food & Beverages
8.1.5.1. Market Revenue and Forecast (2017-2030)
8.1.6. Personal Care
8.1.6.1. Market Revenue and Forecast (2017-2030)
8.1.7. Healthcare
8.1.7.1. Market Revenue and Forecast (2017-2030)
8.1.8. Textiles
8.1.8.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Hydrogen Peroxide Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Function (2017-2030)
9.1.2. Market Revenue and Forecast, by Application (2017-2030)
9.1.3. U.S.
9.1.3.1. Market Revenue and Forecast, by Function (2017-2030)
9.1.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.1.4. Rest of North America
9.1.4.1. Market Revenue and Forecast, by Function (2017-2030)
9.1.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Function (2017-2030)
9.2.2. Market Revenue and Forecast, by Application (2017-2030)
9.2.3. UK
9.2.3.1. Market Revenue and Forecast, by Function (2017-2030)
9.2.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.2.4. Germany
9.2.4.1. Market Revenue and Forecast, by Function (2017-2030)
9.2.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.2.5. France
9.2.5.1. Market Revenue and Forecast, by Function (2017-2030)
9.2.5.2. Market Revenue and Forecast, by Application (2017-2030)
9.2.6. Rest of Europe
9.2.6.1. Market Revenue and Forecast, by Function (2017-2030)
9.2.6.2. Market Revenue and Forecast, by Application (2017-2030)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Function (2017-2030)
9.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.3.3. India
9.3.3.1. Market Revenue and Forecast, by Function (2017-2030)
9.3.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.3.4. China
9.3.4.1. Market Revenue and Forecast, by Function (2017-2030)
9.3.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.3.5. Japan
9.3.5.1. Market Revenue and Forecast, by Function (2017-2030)
9.3.5.2. Market Revenue and Forecast, by Application (2017-2030)
9.3.6. Rest of APAC
9.3.6.1. Market Revenue and Forecast, by Function (2017-2030)
9.3.6.2. Market Revenue and Forecast, by Application (2017-2030)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Function (2017-2030)
9.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.4.3. GCC
9.4.3.1. Market Revenue and Forecast, by Function (2017-2030)
9.4.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.4.4. North Africa
9.4.4.1. Market Revenue and Forecast, by Function (2017-2030)
9.4.4.2. Market Revenue and Forecast, by Application (2017-2030)
9.4.5. South Africa
9.4.5.1. Market Revenue and Forecast, by Function (2017-2030)
9.4.5.2. Market Revenue and Forecast, by Application (2017-2030)
9.4.6. Rest of MEA
9.4.6.1. Market Revenue and Forecast, by Function (2017-2030)
9.4.6.2. Market Revenue and Forecast, by Application (2017-2030)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Function (2017-2030)
9.5.2. Market Revenue and Forecast, by Application (2017-2030)
9.5.3. Brazil
9.5.3.1. Market Revenue and Forecast, by Function (2017-2030)
9.5.3.2. Market Revenue and Forecast, by Application (2017-2030)
9.5.4. Rest of LATAM
9.5.4.1. Market Revenue and Forecast, by Function (2017-2030)
9.5.4.2. Market Revenue and Forecast, by Application (2017-2030)
Chapter 10. Company Profiles
10.1. Evonik Industries AG
10.1.1. Company Overview
10.1.2. Function Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. Taekwang Industrial, CO., LTD.
10.2.1. Company Overview
10.2.2. Function Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Arkema
10.3.1. Company Overview
10.3.2. Function Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. Grupa Azoty
10.4.1. Company Overview
10.4.2. Function Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. Solvay
10.5.1. Company Overview
10.5.2. Function Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Akzo Nobel N.V.
10.6.1. Company Overview
10.6.2. Function Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. Gujarat Alkalies & Chemicals Ltd.
10.7.1. Company Overview
10.7.2. Function Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. National Peroxide Limited
10.8.1. Company Overview
10.8.2. Function Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. OCI Company Ltd.
10.9.1. Company Overview
10.9.2. Function Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. Airedale Chemical
10.10.1. Company Overview
10.10.2. Function Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
12.2. Glossary of Terms
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