Home / Press Release / Hydrogen Peroxide Market to Grow at an Estimated CAGR of 3.5% During the Forecast Period 2022-2030

Hydrogen Peroxide Market to Grow at an Estimated CAGR of 3.5% During the Forecast Period 2022-2030

The global hydrogen peroxide market will rise by 3.5% from 2022 to 2030. Hydrogen peroxide is in high demand because of its adaptability in many industries, including paper and pulp, chemical manufacture, textiles, water treatment, home care, food and beverage, electronic, and pharmaceutical manufacturing. Top global corporations are spending to improve manufacturing capacity to seize these opportunities. Solvay S.A. expanded manufacturing in Belgium, Germany, Finland, and the Middle East in July 2019. This was done to meet demand from EMEA consumers.

As a result of the COVID-19 outbreak, demand for chemical disinfectants and disinfectant solutions has increased. It kills germs and viruses. As a result, it's in high demand in healthcare, where specialists are pulling out all the stops to combat COVID-19. In addition, the FDA approved a second emergency use clearance to disinfect respirators in April 2020. FDA will shortly allow using vaporised hydrogen peroxide to decontaminate N-95 respirators.

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Hydrogen peroxide has commercial and residential uses. Paper and fabrics can be bleached using their high bleaching powers. As an antibiotic and antiseptic, it's used in medicine. It's a great oxidising and disinfecting chemical for water purification, household cleaning, personal care, and food preparation. High-quality electronics cleaner. Also used to make sodium perborate and sodium percarbonate. The versatility of hydrogen peroxide's applications drives market expansion.

Hydrogen peroxide is unstable with a catalyst. In most circumstances, it's stabilised in a slightly acidic solution. Direct oxygen reduction in animals can cause hydrogen peroxide production. Two-electron transfer chain reaction Oxygen and hydrogen combine to generate hydrogen peroxide, which has several uses. Hydrogen peroxide's bleaching capabilities are used in the paper and pulp sectors. Paper bleached with hydrogen peroxide. Due to its unique properties, hydrogen peroxide has several uses. Hydrogen peroxide's antimicrobial properties make it popular in medicine. Hydrogen peroxide is used to treat minor wounds and burns and for personal hygiene. Hydrogen peroxide is increasingly used as a mouth rinse to remove mucus and oral irritations, driving demand.

The paper and pulp industry's growing demand for hydrogen peroxide is driving market expansion. Hydrogen peroxide is used to bleach paper and pulp. It brightens magazine sheets, boards, and paper items. The global need for paper in packaging and personal care goods is driving the market for hydrogen peroxide. Hydrogen peroxide is used in the paper and pulp industry for delignification, bleaching, and recycling waste paper (de-inking). It bleaches recycled pulp efficiently. When recycling paper, it's important to separate the fibres from the ink so they can be reused to manufacture tissue or printing paper. Hydrogen peroxide bleaches fibres. Hydrogen peroxide at low concentrations can increase brightness and prevent alkaline yellowing. Its oxidising characteristics can affect the respiratory system, eyes, and skin. Long-term exposure can cause skin and eye irritation and hair bleaching. Incompatible with most raw materials, such as copper alloys or heavy metals, it may self-accelerate thermal disintegration. It must be maintained and handled carefully to avoid health dangers.

Personal care products, home care products, and specialised applications use less than 35% of lower concentrations. Paper, textile, chemical, and wastewater treatment applications require concentrations above 35%. Rocket fuel must be pure or have a 90%–95% concentration. Rapid use of solutions with concentrations above 35% to get the best results is driving this market segment's growth.

Hydrogen peroxide bleaching dominated 2021 market revenues. The chemical has inexpensive bleaching effects without compromising fibre quality. Alkaline extraction paired with bleaching is useful in paper and textile production. Single-stage bleaching may be an alternative to bleaching procedures like cotton bleaching. This method may also improve whiteness consistency. Its lack of odour and environmental friendliness make it a suitable bleaching chemical for paper and fabrics. This high-quality disinfectant can also block virucidal actions. Given the increased requirement for personal cleanliness, there will certainly be a bigger need for disinfection treatments like H202 in the near future. Chemical synthesis is expected to grow at a CAGR of 3.5% during the forecast period. Hydrogen peroxide's usage as an oxidising agent in the chemical industry has led to several valuable applications. Low molecular weight makes the substance an excellent oxidising agent weight-for-weight. It's soluble in water, organic solvents, and substrate. It's a plus.

The chemical is used to bleach chemical, mechanical, and recycled pulp in the pulp and paper industries. Raising production yield improves paper quality and saves production costs. Environmental friendliness is a vital aspect of designing environmentally responsible paper recycling systems. During this projection period, demand for high-quality paper for packaging and sanitary applications is expected to fuel market growth. FAO says paperboard, wrapping and packaging paper, and sanitary tissue account for about 60% of global paper products each year.

Paper and pulp is the market's largest volume segment. This industry will account for 35% of the total in 2021. Hydrogen peroxide is a versatile bleaching agent used in chemical, mechanical, and ink-removing paper recycling procedures. It's utilised in many stages of bleaching kraft pulp. H2O2 brightens paper by lowering halogenated chemical residue. It's used as a bleaching agent to brighten sulfite pulp. Online sales of pulp and paper items are rising in the U.S. and China. Online shopping has increased the demand for innovative packaging to maximise product placement on store shelves. This is due to increased demand for raw materials and corrugated boxes.

Asia-Pacific dominated the market (both in value and volume) in 2021, thanks to the growth of end-use sectors like paper, textiles, and chemical manufacturing. According to the Chinese National Bureau of Statistics, paper and paper product producers generated more than 1.3 trillion RMB (approximately 201 billion USD) in sales and 82.67 billion RMB (about 13 billion USD) in gross profit, an increase of 21.2% year-over-year. The Asia Pacific is the world's largest producer and consumer of paper and paperboard, accounting for more than 45% of the worldwide market. China, India, Bangladesh, Vietnam, and Indonesia's expanding textile industries have also increased demand for hydrogen peroxide as a bleaching agent. The India Brand Equity Foundation expects fibre production to rise to 1.60 million tonnes in 2020 from 1.44 million tonnes in the current fiscal year (FY2019).

Europe ranks third in market revenues after the U.S. Germany's paper, textile, water purification, home care, and personal care enterprises help expand the European market. Research & development to expand the use of hydrogen peroxide in specialised and healthcare applications drives the North American market. In 2019, a revolutionary MIT approach could lead to the development of a device that can produce H202 and sterilise water sources, wounds, or food processing surfaces cost-effectively. Latin America, the Middle East, and Africa should grow substantially throughout the predicted period. This is because of the region's growing end-use industries. The African market will grow the fastest, followed by Latin America.

The top five competitors will account for 70% of the hydrogen peroxide market in 2021. Most companies are growing manufacturing, especially in Asia-Pacific. Solvay, Evonik Industries AG, MITSUBISHI GAS CHEMICAL COMPANY INC., Arkema, and Kemira are major competitors. This list isn't arranged. Solvay, Akzo Nobel, Aditya Birla Chemicals Ltd, Kemira Oyj, Evonik Industries, Gujarat Alkalies, and National Peroxide Limited are prominent hydrogen peroxide firms. Key manufacturers are expanding global manufacturing capacity to fulfil increased demand for versatile chemicals. Solvay S.A., a market leader in peroxide technology, has invested heavily in Europe, Asia, and the Middle East during the past 10 years. The company plans to increase its market reach and improve its distribution networks to meet global demand.

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