logo

Asia-Pacific Hydrogen Peroxide Market Market Size (2024 - 2029)

The Asia-Pacific hydrogen peroxide market is experiencing growth, recovering from the negative impacts of COVID-19, which had disrupted economies and industries across the region. The market's expansion is driven by the increased use of disinfectants and its application in the paper and pulp industry. Despite concerns over occupational chemical poisoning potentially restraining growth, technological advancements in production are expected to offer significant opportunities. China holds the largest market share, supported by its substantial mining and expanding retail sectors that boost demand for paper packaging.

Home Market Analysis Chemicals & Materials Research Specialty Chemicals Research Asia-Pacific Hydrogen Peroxide Market Market Size

Market Size of Asia-Pacific Hydrogen Peroxide Industry

Asia-Pacific Hydrogen Peroxide Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR > 4.00 %
Market Concentration High

Major Players

Asia-Pacific Hydrogen Peroxide Market Major Players

*Disclaimer: Major Players sorted in no particular order

Asia-Pacific Hydrogen Peroxide Market Analysis

The Asia-Pacific hydrogen peroxide market is estimated to reach 2.95 million tons by the end of this year and is projected to reach 3.64 million tons in the next five years, registering a CAGR of 4.27% during the forecast period.

The market was negatively impacted by COVID-19 as it affected economies and industries in various countries of the Asia-Pacific region due to repetitive government-imposed lockdowns, travel restrictions, supply chain breaks, and abrupt business shutdowns. However, with the spread of coronavirus, hydrogen peroxide is extensively being utilized for manufacturing sanitizers and hygiene products. Currently, the market has recovered from the pandemic and is growing at a significant rate.

  • Over the short term, the increasing use of disinfectant, and in paper and pulp industry are major factors driving the growth of the market studied.
  • However, the risk factor for occupational chemical poisoning is likely to restrain the growth of the studied market.
  • Nevertheless, technological advancements in the production of hydrogen peroxide are likely to create lucrative growth opportunities for the Asia-Pacific market.
  • China represents the largest market over the forecast period due to the presence of a huge mining sector, and a growing retail sector creating demand for paper packaging.

Asia-Pacific Hydrogen Peroxide Industry Segmentation

Hydrogen peroxide is a colorless liquid at room temperature with a bitter taste. Small amounts of gaseous hydrogen peroxide occur naturally in the air. Hydrogen peroxide is unstable, decomposing readily to oxygen and water with the release of heat. Although nonflammable, it is a powerful oxidizing agent that can cause spontaneous combustion when it comes in contact with organic material.

The market is segmented by product function, end-user industry, and geography. By product function, the market is segmented into disinfectant, bleaching, oxidant, and other product functions (antiseptic, dishwasher, vegetable wash). By end-user industry, the market is segmented into pulp and paper, chemical synthesis, wastewater treatment, mining, food and beverage, cosmetics and healthcare, textiles, and other end-user industries (electronics, packaging). The report also covers the market size and forecasts for the Asia-Pacific hydrogen peroxide market for 4 major countries. For each segment, the market sizing and forecasts are provided in terms of volume (tons).

Product Function
Disinfectant
Bleaching
Oxidant
Other Product Functions (Antiseptic, Dishwasher, Vegetable Wash)
End-user Industry
Pulp and Paper
Chemical Synthesis
Wastewater Treatment
Mining
Food and Beverage
Cosmetics and Healthcare
Textiles
Other End-user Industries (Electronics, Packaging)
Geography
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
Need A Different Region Or Segment?
Customize Now

Asia-Pacific Hydrogen Peroxide Market Size Summary

The Asia-Pacific hydrogen peroxide market is experiencing a robust recovery and growth trajectory following the disruptions caused by the COVID-19 pandemic. The market's resurgence is largely attributed to the increased demand for hydrogen peroxide in the production of sanitizers and hygiene products during the pandemic. Currently, the market is benefiting from the rising use of hydrogen peroxide as a disinfectant and its application in the paper and pulp industry, which is a significant driver of growth. Despite the potential risks associated with occupational chemical poisoning, technological advancements in hydrogen peroxide production are expected to offer substantial growth opportunities. China is anticipated to dominate the market due to its expansive mining sector and burgeoning retail industry, which are driving demand for paper packaging.

The demand for hydrogen peroxide is further bolstered by its extensive use in the pulp and paper industry, where it serves as an effective bleaching agent, enhancing paper quality and yield while being environmentally friendly. China's position as the world's largest producer and consumer of pulp and paper products underscores the significant role of hydrogen peroxide in this sector. Additionally, the mining industry utilizes hydrogen peroxide for the extraction of precious metals, and its application in food processing and textile manufacturing in China contributes to market growth. The Asia-Pacific hydrogen peroxide market is characterized by its consolidated nature, with major players like Arkema, Evonik Industries AG, and Solvay actively participating in the market. Recent strategic moves, such as Solvay's license agreement with Guangxi Chlor-Alkali Chemical, highlight ongoing efforts to expand production capabilities in the region.

Explore More

Asia-Pacific Hydrogen Peroxide Market Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 The Increasing Use of Disinfectant

      2. 1.1.2 Increasing Usage in Paper and Pulp Industry

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Risk Factor for Occupational Chemical Poisoning

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value-Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Product Function

      1. 2.1.1 Disinfectant

      2. 2.1.2 Bleaching

      3. 2.1.3 Oxidant

      4. 2.1.4 Other Product Functions (Antiseptic, Dishwasher, Vegetable Wash)

    2. 2.2 End-user Industry

      1. 2.2.1 Pulp and Paper

      2. 2.2.2 Chemical Synthesis

      3. 2.2.3 Wastewater Treatment

      4. 2.2.4 Mining

      5. 2.2.5 Food and Beverage

      6. 2.2.6 Cosmetics and Healthcare

      7. 2.2.7 Textiles

      8. 2.2.8 Other End-user Industries (Electronics, Packaging)

    3. 2.3 Geography

      1. 2.3.1 China

      2. 2.3.2 India

      3. 2.3.3 Japan

      4. 2.3.4 South Korea

      5. 2.3.5 ASEAN Countries

      6. 2.3.6 Rest of Asia-Pacific

Asia-Pacific Hydrogen Peroxide Market Market Size FAQs

The Asia-Pacific Hydrogen Peroxide Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

Arkema, Evonik Industries AG, MITSUBISHI GAS CHEMICAL COMPANY, INC, National Peroxide Limited and Solvay are the major companies operating in the Asia-Pacific Hydrogen Peroxide Market .

Asia-Pacific Hydrogen Peroxide Market Report Snapshots

Asia-Pacific Hydrogen Peroxide Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)