Industrial Hydrogen Peroxide Market In-Depth Analysis on the Future Growth Prospects 2025
A number of industries have benefitted from a wide spectrum of applications of hydrogen peroxide. Considered as one of the most versatile chemicals available, it is extensively used in the pulp and paper industry for bleaching wood pulp before paper is manufactured. This is done to enhance the brightness of the manufactured paper. Some of the other major applications of hydrogen peroxide are in the bleaching textile and a variety of environmental cleaning applications such as in cleaning wastewater and control of odor in waste treatment plants. Hydrogen peroxide when purified to a high level find wide applications in manufacturing semiconductors. The chemical is used in making other peroxide compounds which are used as disinfectants and pesticides.
Since the exposure to hydrogen peroxide even in mild concentration (less than 6%) may be harmful, several regulatory norms govern the manufacture, sale, and transportation of this chemical, which may differ from country to country. For instance, people working in facilities manufacturing hydrogen peroxide are recommended to wear personal protective equipment to avert any exposure or ingestion. In the U.S., these regulations are made by agencies such as the United States Department of Agriculture (USDA), the Food and Drug Administration (FDA), and the Environmental Protection Agency (EPA). The implementation of better hygiene practices in industrial facilities are likely to limit the possibility of exposure. The International Agency for Research on Cancer (IARC) has confirmed that the compound is carcinogenic while conducting experiments with animals when they are exposed to relatively high doses. However, studies haven’t yet confirmed the carcinogenic effect of hydrogen peroxide on humans, unless exposed to unusually high concentrations. Several emerging economies are opening up more production facilities to manufacture hydrogen peroxide, which bodes well for the market in developing regions.
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Global Industrial Hydrogen Peroxide Market: Overview
Hydrogen peroxide is chiefly used in several industries due to its bleaching properties. Its day-to-day use is found in washing powders as well. Hydrogen peroxide is vastly brought into use to make sodium perborate and sodium percarbonate, which acts as bleaching agents in liquid and solid detergents.
The global industrial hydrogen peroxide market can be classified on the basis of function into sterilizing/disinfecting, oxidizing, bleaching, and propulsion. Based on end-use industry, the market may be segmented into chemical synthesis, water and wastewater treatment, healthcare and personal care, pulp and paper, food processing, textile, and electronics and semiconductor.
In the report, TMR Research provides a detailed analysis of drivers and restrictions in the global industrial hydrogen peroxide market. It also offers insight to the various segments and regions of the market.
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Global Industrial Hydrogen Peroxide Market: Key Trends
On the basis of function, bleaching will hold a prominent share in the global industrial hydrogen peroxide market. This particular function is rising due to its excessive usage in the pulp and paper and textile industries. To achieve the desired brightness suitable for magazine papers, board and tissue products, bleaching of pulp and paper becomes more than necessary, thereby increasing the significance of the bleaching function of industrial hydrogen peroxide. Furthermore, industrial hydrogen peroxide is favored for bleaching of cotton fabrics to accomplish the preferred whiteness after the removal of the catalyst.
The pulp and paper industry is a key contributor to the growth of the global industrial hydrogen peroxide market and is expected to grow at a higher rate during the said period. Industrial hydrogen peroxide is used for bleaching of mechanical pulp, chemical pulp, and recycled pulp (de-inking). With the help of industrial hydrogen peroxide in the pulp and paper industry, bleaching increases brightness stability, improves brightness levels, and reduces manufacturing cost, as it is the only chemical required. In addition, with the use of hydrogen peroxide, dangerous halogenated composites and effluents present in pulp are reduced and the color of the effluent is also lightened.
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Industrial hydrogen peroxide achieves better results in oxidizing, bleaching, sterilizing/disinfecting, and etching applications than its alternatives present in the market and it is also environment friendly. However, there are numerous limitations of industrial hydrogen peroxide. If eyes are exposed to industrial hydrogen peroxide with a concentrations of 5% or more, it can result in permanent loss of vision. Moreover, skin exposure can cause burns, painful blisters, and skin whitening, restricting the growth of the global industrial hydrogen peroxide market.
Global Industrial Hydrogen Peroxide Market: Regional Overview
Geographically, the global industrial hydrogen peroxide market can be segmented into North America, South America, Asia Pacific, Europe, and the Middle East and Africa. Asia Pacific held a significant share in the market in 2015 and is projected to continue its positive streak through 2025. In the Asia Pacific region, China is presently an immensely strong player in the industrial hydrogen peroxide market. The key factors driving the growth include increasing demand from the pulp and paper, textile, and chemical industries and the rising need for environment-friendly and chlorine-free bleaches. India and Japan are two other promising markets for industrial hydrogen peroxide in Asia Pacific.
Global Industrial Hydrogen Peroxide Market: Key Players
The report profiles key players in the global industrial hydrogen peroxide market based on various attributes such as company overview, business strategies, recent development, and financial overview. Some of the players in the market are BASF SE, The Dow Chemical Company, Ecolab Inc., Solvay SA, AkzoNobel N.V., Evonik Industries AG, Kemira Oyj, Arkema SA, Merck Group, and Mitsubishi Gas Chemical Company, Inc.
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