Global Hydrogen Peroxide Market: Snapshot
Of late, the global market for hydrogen peroxide has been observing a strong surge in its valuation, thanks to the tremendous augment in the usage of hydrogen peroxide in the paper industry for bleaching and de-inking of recycled paper. Researchers expect that this factor will act as a long-terms promoter of this market, continuing to drive the market over the next few years.
Apart from this, the rising demand for paper in emerging economies, as they opt for environmentally safe paper packaging against plastic packaging solutions, is also projected to fuel the demand for hydrogen peroxide across the world in the years to come. By 2017, the market’s opportunity is anticipated to reach US$2.3 bn in revenues. Further, it is expected to proliferate at a CAGR of 4.70% between 2017 and 2022, attaining a value of US$2.9 bn by the end of 2022.
APEJ Market for Hydrogen Peroxide to Remain Dominant
Asia Pacific excluding Japan (APEJ), the Middle East and Africa (MEA), North America, Europe, Latin America, and Japan have surfaced as the main regional markets for hydrogen peroxide across the world. Among these, APEJ has acquired nearly half of the overall market, thereby positioning itself as the leading regional market for hydrogen peroxide. Expanding at a CAGR of 5.0%, the regional market is anticipated to witness high growth over the near future, retaining its dominance over the global market.
The significant rise in the paper and pulp industry in Asian countries is expected to fuel the uptake of hydrogen peroxide in this region over the next few years. The surge in the packaging industry in India, China, and several other ASEAN countries will also drive the growth of the APEJ market for hydrogen peroxide in the years to come.
Amongst other regional markets, Europe and North America are projected to reports a healthy rise in their respective markets for hydrogen peroxide over the forthcoming years. While the Europe market for hydrogen peroxide will benefit from the high number of manufacturing units, the North American market is anticipated to gain significantly from the increasing proliferation of the paper and pulp industry. Brazil in Latin America and South America in the Middle East and Africa are expected to report lucrative growth opportunities for the global hydrogen peroxide market in the coming years.
Paper and Pulp Industry to Remain Key End User of Hydrogen Peroxide
Hydrogen peroxide finds a widespread application in the pulp and paper, water purification, chemical intermediate, and the textiles industries. Accounting for around 40% of the overall consumption of hydrogen peroxide across the world, the pulp and paper industry has emerged as the prime contributor to the overall revenue generated in this market.
With the considerably augmenting demand for recycled paper in the global packaging industry and the tremendous surge in the demand for stationery products, worldwide, is expected to keep the consumption of hydrogen peroxide in the paper and pulp industry noticeably high over the next few years. The water purification and the textile industries are also projected to register a high demand for hydrogen peroxide in the years to come.
At the forefront of the highly competitive and fragmented global market for hydrogen peroxide are Arkema, Mitsubishi Gas Chemical Co. Inc., Kemira Oyj, Evonik Industries, Merck & Co. Inc., Solvay SA, The Dow Chemical Company, Akzo Nobel, BASF SE, and Aditya Birla Chemicals Ltd.
This report analyzes and forecasts the market for hydrogen peroxide at the global and regional level. The market has been forecast based on volume (kilo tons) and revenue (US$ Mn) from 2015 to 2023. The study includes drivers and restraints of the global hydrogen peroxide market. It also covers the impact of these drivers and restraints on demand for hydrogen peroxide during the forecast period. The report also highlights the opportunities in the hydrogen peroxide market at the global and regional level.
The report includes detailed value chain analysis, which provides a comprehensive view of the global hydrogen peroxide market. Porter’s Five Forces model for the hydrogen peroxide market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.
The study provides a decisive view of the global hydrogen peroxide market by segmenting it in terms of end-users. These segments have been analyzed based on present and future trends. Regional segmentation includes the current and forecast demand in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers demand for individual end-user segments in all the regions.
The study includes profiles of major companies operating in the global hydrogen peroxide market. Key players profiled in the report include Arkema S.A., Evonik Industries AG, Solvay S.A., Akzo Nobel N.V., Kemira Oyj, Mitsubishi Gas Chemical Company, Inc., PeroxyChem LLC, Aditya Birla Chemicals Limited, Gujarat Alkalies and Chemicals Ltd (GACL), and Kingboard Chemical Holdings Ltd. Market players are profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
The report provides the estimated market size of hydrogen peroxide for 2015 and forecast for the next eight years. The global market size of hydrogen peroxide has been provided in terms of volume as well as revenue. Market volume has been defined in kilo tons, while market revenue is in US$ Mn. Market numbers are estimated based on key end-user segments of hydrogen peroxide. Market size and forecast for each major end-user has been provided in terms of global and regional markets.
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of recent trade, technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, Plastemart magazine, TPE magazine, internal and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoovers, oneSOURCE, Factiva, and Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market.
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide firsthand information on market size, market trends, growth trends, competitive landscape, and outlook, etc. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
The report segments the global hydrogen peroxide market as:
Hydrogen Peroxide Market - End-user Segment Analysis
- Paper & pulp
- Wastewater treatment
- Others (Including textile, electronics, etc.)
Hydrogen Peroxide Market - Regional Analysis
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA