The Iran Hydrogen Peroxide market stood at nearly 40 thousand tonnes in 2023 and is likely to grow at a CAGR of 2.85% during the forecast period until 2034.
Hydrogen peroxide, a versatile chemical compound, demonstrates its remarkable utility and adaptability through widespread applications. The textile industry heavily relies on hydrogen peroxide as a universal bleaching agent, providing a high bleaching effect especially in contemporary short-term bleaching processes. Hydrogen peroxide is the preferred bleaching agent for treating both natural and synthetic fibers, including cotton, silk, linen, wool, rayon, and viscose. In the pulp and paper sector, it serves as a crucial bleaching agent, enhancing brightness, stability in paper manufacturing. In wastewater treatment, hydrogen peroxide acts as a potent oxidizing agent, reducing Biochemical Oxygen Demand (BOD) and Chemical Oxygen Demand (COD) in industrial wastewater, effectively managing water quality. The food industry utilizes hydrogen peroxide as both a bleaching agent and biocide as well as sterilizing packaging containers. The pharmaceutical sector used hydrogen peroxide for medical purposes especially wound care. Additionally, in the electronics industry, hydrogen peroxide plays a vital role as an oxidizing and cleaning agent, ensuring the efficiency and integrity of processes in the production of printed circuit boards and semiconductors. This multifaceted compound consistently emphasizes its significance in promoting efficiency, sustainability, and quality across a broad spectrum of industrial applications.
The increasing need for Hydrogen Peroxide in applications such as wastewater treatment, food processing and packaging, homecare, and chemical synthesis is expected to drive market growth in the coming years. The growth of the Hydrogen Peroxide market in Iran is predominantly driven by the escalating demand for pulp and paper products, a trend that is expected to endure, ensuring a sustained need for hydrogen peroxide in the region. Another significant factor contributing to the market expansion is the burgeoning semiconductor industry in Iran, where hydrogen peroxide is employed for cleaning as well as an etching solution in chips. The Iranian government actively supports the growth of the chemical industry, fostering a positive impact on the hydrogen peroxide market. The intensifying trade conflict between China and the US regarding gallium and germanium exports has sparked attention in these two crucial elements essential for semiconductor production. Furthermore, advancements are pivotal, compelling manufacturers to invest in research and development to enhance the efficiency and safety of hydrogen peroxide production processes in Iran. Also, the growing demand of hydrogen peroxide in the textile sector is yet another prominent sector promoting the market expansion. The Iran Hydrogen Peroxide market is expected to reach nearly 55 thousand tonnes in the year 2034.
Based on the end-user industry, the Iran Hydrogen Peroxide market is divided into Paper & Pulp, Textiles, Wastewater Treatment, Food Processing, Electronics & Semiconductors, Pharmaceuticals, and Others. Among these, the Paper & Pulp industry is dominating the Hydrogen Peroxide market. This industry consumed approximately 32% of the market in 2023. Also, Waste Water Treatment and Electronics & Semiconductors are another significant industry which favour the Hydrogen Peroxide market expansion in the forecast period.
Significant players in the Iran Hydrogen Peroxide market is Farayand Gostar Tamim Co. Ltd. Other global players in the Hydrogen Peroxide market are Farayand Gostar Tamim Co. Ltd, Kemira Oyj, Arkema SA, Eka Chemicals, Sunkyong Chemicals Ltd., Indian Peroxide Limited (IPL), Solvay Peroxide, Evonik Industries Oci Chemicals, National Peroxide Limited (NPL), Orgsyntes Group, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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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 the Iran.
• To analyse and forecast the market size of Hydrogen Peroxide
• To classify and forecast Iran 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 Iran.
To extract data for Iran 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 Iran Hydrogen Peroxide market over the coming years.
ChemAnalyst calculated Hydrogen Peroxide demand across Iran 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 s 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, Iran 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
40 thousand tonnes
Market size Volume by 2034
55 thousand tonnes
Growth Rate
CAGR of 2.85% from 2024 to 2034
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2034
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
Tabriz Region, Kermanshah Region, Isfahan Region, Tehran Region, and Mashhad Region
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What was market size of Iran Hydrogen Peroxide market in terms of volume in 2023?
Ans:
The market size of Iran Hydrogen Peroxide market had reached nearly 40 thousand tonnes in 2023.
Q2.
Which industry is the major consumer of Iran Hydrogen Peroxide market?
Ans:
The Paper & Pulp industry is dominating the Hydrogen Peroxide market with a market share of approximately 32% in 2023.
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