The Worldwide Hydrogen Peroxide Industry is Projected to Reach $4 Billion by 2027 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Hydrogen Peroxide Market by Grade (90% H2O2, 35% H2O2, 6 TO 10% H2O2, 3% H2O2), Application, End-use Industry (Pulp & Paper, Food & Beverage, Water Treatment, Textiles & Laundry, Oil & Gas, Healthcare, Electronics), & Region - Global Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global hydrogen peroxide market is projected to grow from USD 3.2 Billion in 2022 to USD 4.0 Billion by 2027, at a CAGR of 5.0% during the forecast period.
By End-use Industry, textiles and laundry is the second largest market for hydrogen peroxide during the forecast period
Hydrogen peroxide acts as a bleaching agent in treating natural and synthetic fibers, including cotton, wool, silk, linen, and rayon. Textile bleaching is done in an alkaline environment. Hydrogen peroxide gives a high degree of brightness to fibers and also maintains the fibers' mechanical properties.
Cotton fiber is bleached with 0.3-0.6wt% solution of hydrogen peroxide at pH of 10.5-11.5 for 1-3 hours and at temperatures of 900C-950C. Hydrogen peroxide is preferred over sodium hypochlorite, which damages fiber and creates technical difficulties. Hydrogen peroxide does not affect modern dyes and has, thus, replaced chlorine-based bleaches. Textiles are bleached during a pretreatment process.
Hydrogen peroxide produces HOO-radical, which makes the fabric look whiter by oxidizing any coloring material present within the fabric. When hydrogen peroxide oxidizes the coloring material, it breaks its molecular conjugation, which creates color. Bleaching is of more importance if a fabric with a very light shade needs to be dyed or printed.
By Application, Chemical synthesis account for the second largest share during the forecast period
Hydrogen peroxide is used to manufacture various organic and inorganic compounds in the chemical industry. Hydrogen peroxide is used as an oxidizing agent in the chemical synthesis of many compounds, such as sodium perborate, sodium percarbonate, propylene oxide, benzoyl peroxide, lauryl peroxide, methyl ethyl ketone peroxide, peracetic acid, and catechol.
Sodium perborate and sodium percarbonate are added to liquid and solid detergents as bleaching agents. As hydrogen peroxide decomposes to water and oxygen, it is environment-friendly, as well as stable, and easy to handle.
Sodium perborate, NaBO3.4H2O, is made by adding hydrogen peroxide to a sodium metaborate and sodium hydroxide solution. Owing to its antiseptic properties, it is used as a disinfectant in several detergents, laundry detergents, cleaning products, and laundry bleaches. Methyl ethyl ketone peroxides and benzoyl peroxides are organic derivatives of hydrogen peroxide. Since these mixtures are unstable in their pure form, they are mixed with inert compounds to form the catalysts used in the composites industry for polyester and vinyl ester resins.
Due to this mixing, methyl ethyl ketone peroxides can be derived in several grades, giving a range of gel times. Although numerous catalysts are available to cure polyester and vinyl ester resins, methyl ethyl ketone peroxide is the most widely used in contact molding for room-temperature curing.
Europe account for the second largest share by region in hydrogen peroxide market
Europe is the second-largest market for hydrogen peroxide in the world. The region accounted for a share of 23.42%, in terms of value, of the hydrogen peroxide market in 2021. The market in the region has been studied for Germany, France, the UK, Spain, Italy, Russia, and the rest of Europe (Belgium, Greece, the Netherlands, Romania, Poland, and Switzerland). Europe is a well-established market for hydrogen peroxide.
The major industries in Europe are automotive, aerospace, and defense. Other important industries include chemical synthesis, pulp & paper, textile, electronics, biotechnology, and food. Many global players in the hydrogen peroxide market are from Europe, such as Solvay SA, Evonik Industries AG, Kemira OYJ, and Arkema SA. Rising demand for hydrogen peroxide from the chemical synthesis, pulp and paper, textile, and food industries is driving the European hydrogen peroxide market.
- Increasing Demand for Surface Disinfectants
- Steady Growth of Chemical Industry to Drive Demand
- Growing Demand for Hydrogen Peroxide as Oxidizing Agent
- Increasing Use of Bleaching Applications in Pulp and Paper Industry
- Harmful Effects of Hydrogen Peroxide
- Growth in Semiconductor, Mining & Metal Extraction, and Agriculture Industries
- Increasing Use of Hydrogen Peroxide for Wastewater Treatment
- High Operating Cost
- Aditya Birla Chemicals
- Airedale Chemical Company Ltd.
- Charkit Chemical Company
- Chemplast Sanmar Limited
- Emco Chemical Distributors, Inc.
- Evonik Industries Ag
- Guangdong Zhongcheng Chemicals Inc.
- Gujarat Alkalies & Chemicals Ltd.
- Hawkins, Inc.
- Interstate Chemical Co. Inc.
- Kemira Oyj
- Kingboard Chemical Holdings Ltd.
- Miles Chemical Company
- Mitsubishi Gas Chemical Co. Inc.
- National Peroxide Ltd.
- Nuberg Epc
- Oci Company Ltd.
- Solvay Sa
- Taekwang Industrial Co. Ltd.
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