The India Hydrogen Peroxide market reached 270 thousand tonnes in FY2023 and is expected to further grow at a CAGR of 3.56% during the forecast period until FY2034. Rising use of Hydrogen Peroxide in wastewater treatment, pharmaceutical, textiles, and electronics & semiconductors industries would spur the demand for Hydrogen Peroxide in India
Hydrogen peroxide is extensively utilized, especially in the paper and pulp industry, where it acts as a powerful bleaching agent. Its primary functions include enhancing brightness, ensuring stability, and reducing production costs. Notably, it plays a crucial role in minimizing harmful substances and effluents in pulp while lightening the effluent colour. In the textile sector, hydrogen peroxide is the predominant bleaching agent, widely applied to natural cellulose-based fibers like cotton and linen, offering cost-effective solutions in various industrial processes. In wastewater treatment, hydrogen peroxide plays a pivotal role as a significant oxidizing agent. In the electronics industry, it serves as a potent oxidizer, particularly in the etching process of printed circuit boards, highlighting its essential contribution to diverse manufacturing processes. The semiconductor industry specifically recognizes hydrogen peroxide for its exceptional cleaning capabilities.
Hydrogen peroxide serves as an effective bleaching agent for wood pulp, leading to enhanced whiteness without causing significant damage to fibers. The paper industry in India is experiencing rapid growth, positioning itself among the fastest-growing sectors globally, and is anticipated to maintain this trajectory in the coming years. Significantly, the textile industry stands out as another driving force, incorporating Hydrogen Peroxide into various processes and contributing to its market expansion. The textiles sector extensively employs Hydrogen Peroxide as a bleaching agent in the textile manufacturing process. Furthermore, the water treatment sector plays a pivotal role in driving the demand for Hydrogen Peroxide, given its effectiveness in disinfection and wastewater treatment applications. Additionally, the expansion of the semiconductor industry in India with the upcoming establishments of three new semiconductor chip fabrication technology units, with anticipated combined investments ranging between USD 2 to 8 billion. Although, the key end-use sectors, namely textiles, water treatment, and pulp & paper collectively play a crucial role in the robust growth and demand dynamics in the Hydrogen Peroxide market in India. In the end of the forecast period, India Hydrogen Peroxide market is likely to reach roughly 400 thousand tonnes.
Based on the region, the Hydrogen Peroxide market is segmented into West, South, North, and South. Although, West India has observed to be dominating the market in the historic period of FY2015-FY2023 and captured about 35% of the market in FY2023. Western states like Gujarat and Maharashtra are the primarily causing this huge demand for Hydrogen Peroxide and is anticipated to remain as the leading consumer in the forthcoming years as well owing to rapid consumption of Hydrogen Peroxide in various industries.
Based on end-use segment, the India Hydrogen Peroxide market is segmented into Paper & Pulp, Textiles, Waste Water Treatment, Food Processing, Electronics & Semiconductors, Pharmaceuticals, and Others. Among these industries, Paper & Pulp is the leading segment and held a market share of roughly 50% in FY2023.
Major players in the India Hydrogen Peroxide market are National Peroxide Limited (NPL), Indian Peroxide Limited (IPL), Gujarat Alkalies and Chemicals Limited (GACL), Hindustan Organic Chemicals Limited (HOCL), Chemplast Sanmar Limited (CSL), and Meghmani Finechem Limited (MFL). Significant companies in the Global Hydrogen Peroxide market are Aurora Plastics LLC, Ineos, LG Chem, Occidental Petroleum Corporation, SABIC, Shin-Etsu Chemical Co. Ltd., Westlake Corporation, and Others
Years considered for this report:
Historical Period: FY2015-FY2022
Base Year: FY2023
Estimated Year: FY2024
Forecast Period: FY2025- FY2034
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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 India.
• To analyse and forecast the market size of Hydrogen Peroxide in India.
• To classify and forecast India Hydrogen Peroxide market based on end-use and regional distribution.
• To examine competitive developments such as expansions, green field projects/ brown field expansions. mergers & acquisitions, etc., of Hydrogen Peroxide market in India.
To extract data for India 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 India Hydrogen Peroxide market over the coming years.
ChemAnalyst calculated Hydrogen Peroxide demand across India 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 calculate 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, India 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 FY2023
270 thousand tonnes
Market size Volume by FY2034
400 thousand tonnes
Growth Rate
CAGR of 3.56% from FY2024 to FY2034
Base year
FY2023
Estimated Year
FY2024
Historical Data
FY2015 – FY2022
Forecast period
FY2025 – FY2034
Quantitative units
Demand in thousand tonnes and CAGR from FY2024 to FY2034
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)
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Member - Board of Directors
Osaka Gas Co. Ltd
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What is the anticipated market growth rate of India Hydrogen Peroxide market for the forecast period of FY2024-FY2034?
Ans:
The India Hydrogen Peroxide is anticipated to grow at a CAGR of 3.56% for the forecast period of FY2024-FY2034.
Q2.
Which industry of India had the highest demand for Hydrogen Peroxide in FY2023?
Ans:
The Paper & Pulp industry consumed the majority of Hydrogen Peroxide in FY2023 with a market share of approximately 45%.
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