Hydrogen Peroxide Market to be driven by Growing Demand from Paper Industry and Wastewater Management Industry

Colorless and more viscous than water, hydrogen peroxide is one of the more widely used chemicals in multiple industries. Chemically speaking, it is the simplest peroxide. The three most common uses of hydrogen peroxide are as a disinfectant, as a bleaching agent, and as a powerful oxidizer. A special form of hydrogen peroxide is also used in rockets as a propellant. It is an effective germicide, due to the fact that it kills germs through oxidization and creates water as a byproduct. This makes it one of the safest disinfectants. The human body also produces a minimal level of hydrogen peroxide as an immunity booster.The global hydrogen peroxide market is exhibiting a CAGR of 5.60% from 2015 to 2023. The 2014 global hydrogen peroxide market was recorded to be valued at US$3.7 bn, which is expected to rise to US$6 bn by the end of 2023.

Key players in the global hydrogen peroxide market are Kingboard Chemical Holdings Ltd., Gujarat Alkalies and Chemicals Ltd (GACL), Aditya Birla Chemicals Limited, PeroxyChem LLC, Mitsubishi Gas Chemical Company, Inc., Kemira Oyj, Akzo Nobel N.V., Solvay S.A., Evonik Industries AG, and Arkema S.A.

Paper and Pulp Largest End-use Industries of Hydrogen Peroxide 

More than 40% of the demand from the global hydrogen peroxide market in 2014 was taken up by the paper and pulp industry. Considering the extensive use of hydrogen peroxide as a bleaching agent in the paper and pulp industry, the growth in demand for paper and pulp will consequently spell growth for the global hydrogen peroxide market. This applies especially to publications and paper products that require a brighter shade of white, such as magazines, tissues, and board paper.

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Apart from the paper and pulp industry, the global hydrogen peroxide market is also experiencing a growth in demand from other core end-use industries, including mining, chemical production, and wastewater management. The growth of the global hydrogen peroxide market due to its increasing applications in wastewater management have also propelled the market towards a positive outcome. Wastewater management is expected to hold a much larger share in the global hydrogen peroxide market in the near future.

Asia Pacific Leads Global Hydrogen Peroxide Market

The global hydrogen peroxide market in 2014 was dominated by Asia Pacific. At the time, the region accounted for more than 50% of the global hydrogen peroxide market, owing to a surge in production levels of the Asia Pacific paper and pulp industry, especially in China and India. The demand for hydrogen peroxide was also high in the ASEAN region in 2014. This demand is expected to rise further in the near future due to continued growth of the paper and pulp industry in terms of reusing paper. Brazil holds a unique place in the global hydrogen peroxide market, as it is a major short-fiber pulp producer. Short-fiber pulp manufacturers require hydrogen peroxide in the largest quantities, thereby creating a large scope of demand for it in Brazil.

The global hydrogen peroxide market is also gaining demand from semiconductors, which is currently imparting minor changes to the market’s growth rate. In the future, the global hydrogen peroxide market could be expected to keep increasing steadily due to better implementations of paper recycling strategies.

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