North America Hydrogen Peroxide Market Size (2024 - 2029)

North America Hydrogen Peroxide Market Analysis

The North American hydrogen peroxide market is estimated to reach 900 kilotons by the end of this year and is projected to reach 1080 kilotons in the next five years, registering a CAGR of 3.74% during the forecast period.

The market was negatively impacted by the COVID-19 pandemic because of nationwide lockdowns and social distancing mandates, which caused supply chain disruptions. However, the demand remained intact primarily due to the need for sanitization and the growing use of chemicals in pharmaceutical and healthcare facilities. Currently, the market has recovered from the negative impacts of the COVID-19 pandemic and is growing at a significant rate.

• Over the short term, the increasing utilization in the paper and pulp industry and demand from the electronics and semiconductor industry are major factors that would drive the growth of the market studied.
• However, health hazards associated with long-term exposure to hydrogen peroxide are likely to restrain the growth of the market studied.
• Nevertheless, the expansion of existing hydrogen peroxide plant capacities in the upcoming years is likely to create lucrative growth opportunities for the North American market.
• The United States represents the largest market for hydrogen peroxide over the forecast period due to the presence of a large number of paper and pulp companies, which will significantly contribute to the growth of this industry.

North America 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 North American hydrogen peroxide market for 3 major countries. For each segment, the market sizing and forecasts are provided in terms of volume (tons).