China Hydrogen Peroxide Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Foreign Trade, Regional Demand, Company Share, Manufacturing Process, 2015-2033

H2 2023: In November 2023, Evonik, a prominent Hydrogen peroxide manufacturer, and Fuhua Tongda Chemicals Company, a major Chinese chemicals producer, have entered into a license agreement for the construction of a new hydrogen peroxide plant in Leshan, Sichuan Province, China. The plant will utilize Evonik's expertise under the licensing arrangement. Additionally, the collaboration aims to explore the joint production and marketing of specialty grades of hydrogen peroxide to address the growing demand for such applications in the Chinese market. The signing ceremony, held on November in Hanau, Germany, outlines Fuhua's utilization of Evonik's licensed technology to establish an industrial-grade hydrogen peroxide plant with an annual capacity of 200 thousand tonnes per annum. The prospective collaboration intends to further refine the hydrogen peroxide for specialized applications like solar panel manufacturing and aseptic packaging for the food and beverage industry. Collaborators are assessing the possibility of working together to manufacture and promote distinctive peroxide grades. In the third quarter of 2023, the Hydrogen peroxide market in the China underwent varied fluctuations. Initially, the market observed an upswing in prices, influenced by factors such as limited inventories, import challenges, and heightened demand from downstream industries. The increased demand, stemming from supply constraints, contributed to the upward trajectory of prices. However, as the quarter progressed, a bearish sentiment took hold in the Hydrogen peroxide market, primarily driven by subdued demand from sectors like Textile and Pulp & Paper. In September, the Chinese market continued to witness price declines, attributed to a lack of enthusiasm among buyers and sluggish demand in sectors like textiles. 

 

H1 2023: In the first half of 2023, the China was one the leading consumers of Hydrogen Peroxide. Unfortunately, in May 2023, Luxi Chemical Group, a subsidiary of Sinochem Holdings, faced a fire incident at its Hydrogen Peroxide plant situated in Liaocheng, Shandong province, China. The aftermath of the accident resulted in the adverse impact on the lives of nine individuals, with one person reported missing and the remaining eight sustaining severe injuries. China encountered low prices for hydrogen peroxide in January 2023, primarily attributed to sluggish demand from downstream industries such as the paper sector. However, the scenario underwent a transformation as manufacturing activities surged across Asia, leading to an overall market improvement. In March 2023, the price of hydrogen peroxide in China experienced a notable acceleration and upward trajectory. This upswing in prices was attributed to the heightened demand for hydrogen peroxide in China, driven by increased inquiries from downstream users, especially within the paper industry. April 2023 witnessed a substantial spike in the market price of hydrogen peroxide in China, prominently fuelled by the surge in demand from the pulp and paper sectors of the Chinese market. However, as May and June unfolded, the price trajectory for hydrogen peroxide demonstrated a downward trend, primarily due to the abundance of inventory in the Chinese market. 

 

The China Hydrogen Peroxide market demand stood at 1150 thousand tonnes in 2023 and is expected to grow at a CAGR of 4.74% during the forecast period until 2033. 

 

Hydrogen peroxide, a chemical compound known for its exceptional oxidizing properties, plays a crucial role. Particularly in the paper and pulp industry, it serves as a potent bleaching agent, contributing to the enhancement of brightness levels, increased brightness stability, and reduced production costs. The application of hydrogen peroxide in this context is instrumental in minimizing the presence of harmful halogenated substances and effluents in pulp, while simultaneously lightening the color of the effluent. Moreover, hydrogen peroxide finds utility in bleaching mechanical pulp produced through the traditional groundwood method, enabling the attainment of high brightness levels. When used in conjunction with caustic soda, it aids in stabilizing and buffering wood pulp while eliminating traces of heavy metals. In the textile industry, hydrogen peroxide stands out as the most widely used bleaching agent, applied to bleach natural cellulose-based fibers derived from plants and animals, including but not limited to cotton and linen. Renowned for its potent bleaching effects among oxidizing agents, hydrogen peroxide proves to be a cost-effective solution in various industrial processes.

 

The China hydrogen peroxide market experiences robust growth, propelled by its versatile applications across various key end-use sectors. In the textile industry, hydrogen peroxide is extensively utilized for bleaching and finishing processes, contributing to the production of fabrics and garments. Its role as a bleaching agent extends to the pulp and paper industry, where it plays a vital role in whitening and purifying paper products. The chemical industry benefits from hydrogen peroxide's versatility in various processes and reactions. Additionally, it finds applications in the electronics industry for cleaning electronic components, water treatment for disinfection, environmental applications for waste treatment, and in the cosmetics and personal care industry for hair bleaching and teeth whitening products. Its usage in the food industry for processing and packaging further diversifies its demand. The broad spectrum of applications underscores hydrogen peroxide's significance, making it a driving force in the Chinese market's sustained growth. Due to these reasons, the China Hydrogen Peroxide market size is estimated to reach roughly 2000 thousand tonnes in 2033. 

 

Based on the end-user industry, the China Hydrogen Peroxide market is segregated into Paper & Pulp, Textiles, Waste Water Treatment,  Food Processing, Electronics & Semiconductors, Pharmaceuticals, and Others. The largest market share of Hydrogen Peroxide goes with the highest proportion in Paper & Pulp  which was about 37% in the year 2023. 

 

Major players in the China Hydrogen Peroxide market are Evonik Jilin China Plant, SOLVAY PEROXIDES, Arkema Hydrogen Peroxide Co., Ltd., and Suzhou MGC Suhua Peroxide Co., Ltd. Major players in the production of Global Hydrogen Peroxide are Evonik Industries AG, Arkema S.A, Mitsubishi Gas Chemical Company (MGC), Sunkyong Chemicals Ltd., National Peroxide Limited (NPL), Indian Peroxide Limited (IPL), Eka Chemicals, Kemira Oyj, 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 Hydrogen Peroxide which covers production, demand and supply of Hydrogen Peroxide   market in China.

• To analyse and forecast the market size of China Hydrogen Peroxide   

• To classify and forecast China 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 China.

 

To extract data for China 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 China Hydrogen Peroxide market over the coming years. 

 

ChemAnalyst calculated Hydrogen Peroxide demand across the China 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, China 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	1150 thousand tonnes
Market size Volume by 2033	2000 thousand tonnes
Growth Rate	CAGR of 4.74% 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, Company Share, Foreign Trade,  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	North China, South China, East China, West China and Rest of China
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options

 

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With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.

 

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