Hydrogen Peroxide Market To Reach USD 5.36 Billion By 2032, CAGR 5.30%: IMR Unveils Ground-Breaking Insights.

(MENAFN- GlobeNewsWire - Nasdaq) Evonik Industries AG's Acquisition of Thai Peroxide Co. Ltd increases its manufacture capacity, strengthening its market existence in peroxide products.

New York, USA, March 03, 2025 (GLOBE NEWSWIRE) -- Introspective Market Research is pleased to announce the publication of its latest report, Hydrogen Peroxide Market. This in-depth analysis shows that the Global Hydrogen Peroxide Market , valued at USD 3.37 Billion in 2023, is set for substantial growth and is projected to reach USD 5.36 Billion by 2032 . This anticipated expansion reflects a strong CAGR of 5.30% from 2024 to 2032.

The Global Hydrogen Peroxide Market is set for substantial expansion from 2024 to 2032, Hydrogen peroxide is an active oxidizer regularly used in frequent productions owing to its properties for cleansing, bleaching, and chemical synthesis. Its failure into water and oxygen distillates it a biodegradable possibility, driving request in healthcare, textiles, paper, and water treatment. The compound's standing in wound treatment, dental cleanliness, and purification highlights its remedial significance, while high-purity forms are important for electronics and semiconductor manufacture. As industries focus on sustainability, the flexibility of hydrogen peroxide and its low environmental influence fuel its market growth, creating it as a vital component in global industrial and customer uses.

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Key Industry Insights:

Driver

Growing Paper and Pulp Sector

The rapid growth of the paper and pulp segment items as an important material for the increasing demand for hydrogen peroxide, mostly because of its efficiency as a sustainable bleaching agent. As producers increasingly change away from chlorine-based bleaching to supportable selections, hydrogen peroxide develops additional significant due to its capacity to disruption down into water and oxygen, falling environmental properties. As the global paper industry remains to grow gradually, by the growing demand for paper products, the requirement for hydrogen peroxide is predictable to increase, offering substantial opportunities for chemical producers to help this growing market.

Restraint

Possible Health Risks Could Impede Product Acceptance

The chemical's powerful oxidizing properties create substantial difficulties, serving as a major limitation for its broad use. Its destructive characteristics can meaningfully influence the respiratory system, eyes, and skin when exposed, with protracted interaction resulting in irritation and potentially hair bleaching. Its incapability to work with different raw ingredients, such as copper alloys and heavy metals, intensifies the danger of self-accelerated thermal breakdown, generating significant safety problems. These fundamentals need strict management and storing protocols to decrease possible health risks, limiting its application in detailed sectors and heightening regulatory compliance demands.

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Opportunity

Growing Implementation of Hydrogen Peroxide in the Food and Electronics Industries

The growing use of hydrogen peroxide in the food and electronics industry suggestions a distinguished chance for development. In the food industry, its efficacy in surface cleaning, apparatus sterilization, and protection meets difficult safety standards and the rising demand for supportable processing procedures. At the similar time, the electronics sector is facing an surge in the need for high-purity hydrogen peroxide, vital for semiconductor cleaning and design procedures. As technology developments, the demand for reliable cleaning agents rises, hydrogen peroxide's eco-friendly interruption and flexibility make it an important solution, supporting development in both industries.

Challenge

Strict Environmental Regulations

Strict environmental regulations about industrial productions are forcing businesses to invest heavily in enhancing manufacture facilities and controller systems, raising operational expenditures. The growing incidence of substitutes like ozone and chlorine is intensifying market competition, compromising hydrogen peroxide's market position. Disturbances in the supply chain caused in production holdups and changing prices. Growing raw material expenditures are tapping more burden on profit margins. Geopolitical fears represent threats to energy supplies vital for the production of hydrogen peroxide, introducing additional difficulty to market constancy and projections for long-term evolution.

Key Players to Watch:

• Aditya Birla Chemicals Limited (India)
• Airedale Chemical (UK)
• Akzo Nobel N.V. (Netherlands)
• Arkema SA (France)
• BASF SE (Germany)
• Chang Chun Group (Taiwan)
• Evonik Industries AG (Germany)
• FMC Corporation (US)
• Grupa Azoty (Poland)
• Gujarat Alkalies and Chemicals Ltd (GACL) (India)
• Hansol Chemical (South Korea)
• Huatai Group (China)
• Indian Peroxide Limited (India)
• Kingboard Chemical Holdings Ltd. (Hong Kong)
• Merck KGaA (Germany)
• Mitsubishi Gas Chemical Company Inc (Japan)
• Nouryon (Netherlands)
• OCI Company Ltd (South Korea)
• Taekwang Industrial, CO., LTD. (South Korea)
• Thai Peroxide Co. Limited (Thailand)
• Other Active Players
  

Recent Development:

In January 2024, Solvay extended its hydrogen peroxide production size at the Shandong Huatai Interox Chemical position in China, targeting 48 kilotons of photovoltaic-grade hydrogen peroxide yearly by 2025. This strategic investment supports China's carbon impartiality goals and strengthens the renewable energy industry by supplying high-quality hydrogen peroxide for cleaning photovoltaic cells in solar panel manufacturing.

In December 2023, Evonik Industries AG successfully acquired Thai Peroxide Co. Ltd, a leading Thai-based manufacturer of peroxide products. This strategic acquisition extended Evonik's production capacity for various peroxide products, including hydrogen peroxide, strengthening its market presence in the region and enhancing its ability to meet growing global demand.

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Key Segments of Market Report –

By Function

• Disinfectant
• Bleaching
• Oxidant
  

By Concentration

• Low (Less than 35%)
• Medium (35-50%)
• High (50-90%)
• Very High (More than 90%)

By Application

• Disinfectants
• Bleaching Agent
• Chemical Synthesis
• Rocket Propulsion

By End-user Industry

• Pulp and Paper
• Chemical Synthesis
• Mining
• Food and Beverage
• Cosmetics and Healthcare
• Textiles

By Region:

The Asia Pacific area is poised to lead global markets as rapid industrial expansion, technological progress, and robust economic development. Major players such as China, Japan, and South Korea drive this supremacy via significant manufacturing, infrastructure growth, and invention. The rising population and growing disposable returns in the region drive demand in multiple sectors, supporting its market influence. Asia Pacific's position as a worldwide manufacturing center, maintained by governmental policies and R&D funding, boosts its leadership. Containing an exciting entrepreneurial landscape and an attention on sustainability, the area is complete to inspiration market trends, solidifying its status as a major economic power.

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Comprehensive Offerings:

Strategic Points Covered in Table of Content of Hydrogen Peroxide Market:

• Executive Summary
  

Into the market research report, the executive summary highlights the most critical market findings, including key trends and actionable insights, offering clients a snapshot of the report's core takeaways.

• Market Landscape
  

This section is crafted to include a detailed analysis of Hydrogen Peroxide Market Dynamics, Growth Trends, And Regulatory Frameworks. Tools like PESTEL Analysis, Value Chain Analysis, and Investment Pockets are employed to present a thorough market outlook and future growth projections.

• Hydrogen Peroxide Market Competitive Analysis
  

The competitive analysis examines the Key Players, Their Positioning, Strengths, And Opportunities. By mapping competition, we provide actionable intelligence for clients to strategize effectively.

• Hydrogen Peroxide Market Segmentation Analysis
  

In segmentation, we break down the market into Key and Sub-Segments, focusing on their growth potential, demand patterns, and overall market contribution.

• Regional Analysis
  

Through in-depth global, regional, and country-level insights, we analyse key growth drivers and challenges specific to each geography.

• Hydrogen Peroxide Market Analyst Viewpoint and Conclusion
  

The concluding section consolidates the findings, offering strategic recommendations and emphasizing practical, client-centric strategies to navigate market complexities.

• Thematic Research Methodology
  

Leveraging primary and secondary research, we ensure data authenticity and reliability. Our reports follow the MORE Principle:

• Magnifying Insights: Delivering accurate and detailed research findings.
• Optimizing Strategies: Customizing strategies for client needs.
• Refining Solutions: Continuously enhancing research processes.
• Elevating Client Impact: Creating measurable value for client success.

About Us:

Introspective Market Research (IMR) is a global market research firm specializing in big data and advanced analytics to provide actionable market insights. Our experts help clients forecast trends, assess demand, analyze competition, and evaluate macroeconomic factors. With a client-centric approach, IMR offers tailored research and subscription reports designed to meet individual needs. We deliver reliable, data-driven solutions that empower businesses to make informed decisions, spot opportunities, and maintain a competitive edge. By upholding strong work ethics and providing dedicated support, IMR helps clients achieve their business goals with confidence.

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