The Canada Hydrogen Peroxide market demand stood at 95 thousand tonnes in 2023 and is expected to grow at a CAGR of 3.22% during the forecast period until 2033.
Hydrogen peroxide plays a pivotal role across diverse industries, showcasing its versatility and indispensable contributions. In the paper and pulp sector, it serves as a potent bleaching agent, enhancing brightness and stability while promoting cost efficiency. Its environmental benefits extend to minimizing harmful substances in pulp effluents, aligning with sustainability practices. The textile industry relies on hydrogen peroxide as a universal bleaching agent for natural fibers, emphasizing its cost-effectiveness. In wastewater treatment, it reduces Biochemical Oxygen Demand (BOD) and Chemical Oxygen Demand (COD), contributing to water quality management and sustainable industrial practices. The electronics sector benefits from its oxidizing process in circuit board etching and semiconductor manufacturing. Its use in pharmaceuticals and in medical sector gaining trajectory as a disinfectant.
The drivers for the Hydrogen Peroxide market in Canada are significantly influenced by a number of industries. While the pulp and paper sector currently stands out as a major consumer, its prominence in Canada is expected to decline in the future due to digitalization trend in Canada. Furthermore, the water treatment sector's demand for Hydrogen Peroxide is substantial, driven by its effectiveness in disinfection and wastewater treatment. Additionally, the textiles industry is also a minor driver, utilizing Hydrogen Peroxide extensively as a bleaching agent in the manufacturing process. Significantly, the electronic industry plays a crucial role in propelling the market growth of Hydrogen Peroxide in various processes. Furthermore, the projected expansion of the market in Canada is anticipated to be driven by heightened usage within the electronic and semiconductor industry, coupled with a growing demand in the textile sector during the forecast period. In 2023, Minister of Innovation, Science, and Industry of Canada, revealed a contribution of USD 36 million through the Strategic Innovation Fund (SIF) to Ranovus Inc., based in Ottawa, Canada. The funding will support a USD 100 million project dedicated to advancing domestic production and manufacturing in the semiconductor industry, aiming to establish Canada as a pivotal player in this strategic sector. The project's objective is to pioneer the development of the most power-efficient and highest-performing technologies for interconnecting computer chips, particularly for the next generation of artificial intelligence work. This initiative will harness Canada's semiconductor and compound semiconductor manufacturing capabilities and silicon photonics expertise and is likely to have an impact on the Canada Hydrogen Peroxide market. Hence, Canada Hydrogen Peroxide market is likely to reach roughly 135 thousand tonnes in the year 2033.
Based on the end-user industry, the Canada Hydrogen Peroxide market is segmented into Paper & Pulp, Textiles, Waste Water Treatment, Food Processing, Electronics & Semiconductors, Pharmaceuticals, and Others. The largest market share of Hydrogen Peroxide goes with high proportion in Paper & Pulp about 46% in the year 2023.
Significant players in the Canada Hydrogen Peroxide market are Evonik Industries and Arkema SA. Also, other global players include Solvay Peroxide, Westlake Corporation, Aurora Plastics LLC, Formosa Plastics Corporation, Ineos, Occidental Petroleum Corporation, Orbia (Mexichem SAB de CV), SABIC, Shin-Etsu Chemical Co. Ltd., LG Chem, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2033
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Objective of the Study:
• To assess the demand-supply scenario of Canada Hydrogen Peroxide which covers production, demand and supply of Hydrogen Peroxide market in Canada.
• To analyse and forecast the market size of Canada Hydrogen Peroxide
• To classify and forecast Canada Hydrogen Peroxide market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Hydrogen Peroxide market in Canada.
To extract data for Canada Hydrogen Peroxide market, primary research surveys were conducted with Hydrogen Peroxide manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Canada Hydrogen Peroxide market over the coming years.
ChemAnalyst calculated Hydrogen Peroxide demand across the Canada region by analysing the volume of Hydrogen Peroxide consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Hydrogen Peroxide manufacturers and other stakeholders
• Organizations, forums and alliances related to Hydrogen Peroxide distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Hydrogen Peroxide manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Canada Hydrogen Peroxide market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
95 thousand tonnes
Market size Volume by 2033
135 thousand tonnes
Growth Rate
CAGR of 3.22% from 2024 to 2033
Base year
2023
Estimated Year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2033
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2033
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Foreign Trade, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Paper & Pulp, Textiles, Waste Water Treatment, Food Processing, Electronics & Semiconductors, Pharmaceuticals, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
British Columbia, Alberta, Saskatchewan and Manitoba, Quebec, Ontario, and Rest of Canada
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What was the size of Canada Hydrogen Peroxide market in terms of volume in 2023?
Ans:
The size of Canada Hydrogen Peroxide market has grown significantly in the historic period and reached approximately 95 thousand tonnes in 2023.
Q2.
Which industry is leading as the leading consumer of Hydrogen Peroxide?
Ans:
Paper & Pulp industry is the leading consumer of Hydrogen Peroxide.
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