The Taiwan Hydrogen Peroxide market demand stood at 190 thousand tonnes in 2023 and is expected to grow at a CAGR of 3.1% during the forecast period until 2033. In September 2023, Solvay revealed about an electronic grade hydrogen peroxide Joint Venture plant called Shinsol Advanced Chemicals. It is a collaborative venture between Solvay and Shinkong Synthetic Fibers Corporation, reached a significant milestone with the unveiling of its state-of-the-art electronic grade hydrogen peroxide plant in Tainan, Taiwan. With an area of 2.4 hectares, the newly unveiled facility holds an impressive annual production capacity of 35 thousand tonnes of electronic grade high-purity hydrogen peroxide, meticulously crafted to meet the stringent global market standards. Primarily catering to the semiconductor sector, it holds a pivotal role as a crucial chemical agent in the manufacturing of integrated electronic circuits. The plant is set for full-scale production scheduled for early 2024.
Hydrogen peroxide (H2O2) is a multifaceted chemical compound with various functionalities and advantages. It is recognized for its disinfectant property; it is widely used in healthcare for wound cleaning and sterilization. Beyond its applications in healthcare, hydrogen peroxide finds use in diverse industries, including paper, textiles, and electronics manufacturing. Hydrogen peroxide, renowned for its versatility, finds application across various industries. In addition to its traditional roles as a bleaching agent in the paper, pulp, and natural fibers sectors, and its incorporation as an industrial chemical and pharmaceutical ingredient, it serves an extensive array of functions. Within the healthcare domain, hydrogen peroxide acts as a disinfectant, playing a vital role in wound care and contributing to sterilization practices. In the environmental sector, hydrogen peroxide is a valuable component in wastewater treatment, aiding in the effective removal of pollutants. In the realm of cleaning applications, hydrogen peroxide's efficacy extends to stain removal and general cleaning. Its significance is further underscored in the electronics industry, where it functions as a potent oxidizer widely employed in the etching process of printed circuit boards, highlighting its indispensable role in diverse manufacturing processes. The semiconductor sector has embraced hydrogen peroxide due to its exceptional cleaning capabilities, establishing it as a highly efficient solution for various cleaning purposes.
The Hydrogen Peroxide market in Taiwan is driven by a variety of end-use sectors. The electronics sector plays a crucial role in driving market expansion by extensively utilizing Hydrogen Peroxide in diverse processes. Specifically, in electronics, Hydrogen Peroxide serves as a potent oxidizer, playing a vital role in the intricate processes of etching printed circuit boards, highlighting its essential contribution to various manufacturing processes. Particularly in the semiconductor industry, Hydrogen Peroxide has been embraced for its remarkable cleaning capabilities, establishing itself as an efficient solution for precision cleaning purposes. Taiwan currently leads as the global producer of semiconductors (chips) and upcoming expansions and new facilities further facilitate its strengthening in the market. In the last five years, the Taiwanese government allocated approximately USD 211.6 million to support local equipment and materials suppliers in enhancing their research and development capabilities in Taiwan. In 2023, fuelled by increased demand for artificial intelligence, Taiwan-based chip manufacturer TSMC announced to invest around USD 2.87 billion in an advanced packaging facility in northern Taiwan. Although the current top end-user is the pulp and paper segment, it is expected to witness a moderate growth in Taiwan due to the prevailing trend of digitalization and efforts towards saving paper. Furthermore, the demand for Hydrogen Peroxide is propelled by the crucial role it plays in the water treatment sector, particularly its effectiveness in disinfection and wastewater treatment applications. Thus, Taiwan Hydrogen Peroxide market is likely to reach roughly 260 thousand tonnes in 2033.
Based on the end-user industry, the Taiwan 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 26% in the year 2023. Although, Electronics & Semiconductors industry is likely to register the highest market growth rate.
Major players in the Taiwan Hydrogen Peroxide market include Mitsubishi Gas Chemical Company (MGC) and Chang Chun Group. Other global players in the Hydrogen Peroxide market include Evonik Industries, Aurora Plastics LLC, Orbia (Mexichem SAB de CV), Formosa Plastics Corporation, Solvay Peroxide, Ineos, LG Chem, Arkema SA, Occidental Petroleum Corporation, Shin-Etsu Chemical Co. Ltd., Westlake Corporation, SABIC, 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 Taiwan Hydrogen Peroxide which covers production, demand and supply of Hydrogen Peroxide market in Taiwan.
• To analyse and forecast the market size of Taiwan Hydrogen Peroxide
• To classify and forecast Taiwan 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 Taiwan.
To extract data for Taiwan 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 Taiwan Hydrogen Peroxide market over the coming years.
ChemAnalyst calculated Hydrogen Peroxide demand across the Taiwan 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, Taiwan 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
190 thousand tonnes
Market size Volume by 2033
260 thousand tonnes
Growth Rate
CAGR of 3.1% 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
Western Taiwan, Northern Taiwan, Southern Taiwan, and Eastern Taiwan
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What was the size of Taiwan Hydrogen Peroxide market in terms of volume in 2023?
Ans:
The size of Taiwan Hydrogen Peroxide market has grown significantly in the historic period and reached approximately 190 thousand tonnes in 2023.
Q2.
Which industries are the leading consumers of Taiwan Hydrogen Peroxide market?
Ans:
Paper & Pulp, Textiles, Waste Water Treatment, Food Processing, Electronics & Semiconductors, and Pharmaceuticals are the leading consumers of Taiwan Hydrogen Peroxide market
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