Thailand 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

The Thailand Hydrogen Peroxide market demand stood at nearly 230 thousand tonnes in 2023 and is expected to grow at a CAGR of 3.2% during the forecast period until 2033. 

 

Hydrogen peroxide, recognized for its outstanding oxidizing properties, holds a pivotal position in various industries. Within wastewater treatment, hydrogen peroxide assumes a crucial role as a significant oxidizing agent, facilitating the reduction of biochemical oxygen demand and chemical oxygen demand in industrial wastewater. In the electronics sector, it functions as a potent oxidizer with broad applications, particularly in the etching process of printed circuit boards, underscoring its pivotal role in various manufacturing processes like solar cells and recycling batteries. The semiconductor industry has embraced hydrogen peroxide for its remarkable cleaning capabilities, positioning it as an effective solution for cleaning purposes. Widely employed in the textile sector, it serves as a predominant bleaching agent for natural cellulose-based fibers derived from diverse sources. Acknowledged for its potent bleaching effects among oxidizing agents, hydrogen peroxide emerges as a cost-effective solution across diverse industrial processes. Its significance extends to the paper and pulp industry, where it acts as a potent bleaching agent resulting in better brightness levels.  

 

The hydrogen peroxide market in Thailand is witnessing robust growth, driven by its diverse applications across several key end-use sectors. In the textile industry, hydrogen peroxide is extensively employed in bleaching and finishing processes, contributing significantly to the production of fabrics and garments. Its role as a bleaching agent extends to the pulp and paper sector, where it plays a crucial role in whitening and purifying paper products. The chemical industry benefits from the versatility of hydrogen peroxide, finding applications in various processes and reactions. Furthermore, it serves the electronics industry by facilitating the cleaning of electronic components, while its role in water treatment extends to disinfection. In fact, the growing application of hydrogen peroxide in semiconductors and electronics is also a factor contributing to the market expansion which is supported by the action of the government of Thailand. In 2023, Thailand's Board of Investment (BOI) has taken steps to encourage investment by extending the corporate income tax exemption period for semiconductor manufacturing companies. Thailand aims to attract companies capable of producing initial-stage semiconductors, which involve more advanced technical processes compared to final-stage semiconductor production. Amid the tensions between the US and China, Thailand has emerged as a stabilizing factor. Also, trade dispute between the United States and China over the transfer and export of advanced semiconductor technology has prompted Thailand to consider in establishing as production bases. In conclusion, the broad spectrum of applications underscores hydrogen peroxide's significance, making it a driving force in the Thailand’s sustained growth. Due to these reasons, the Thailand Hydrogen Peroxide market size is estimated to reach roughly 320 thousand tonnes in 2033. 

 

Based on the end-user industry, the Thailand 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 towards Paper & Pulp which ranged about 35% in the year 2023. 

 

Significant players in the Thailand Hydrogen Peroxide market are Evonik Jilin Thailand 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 Thailand.

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

• To classify and forecast Thailand 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 Thailand.

 

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

 

ChemAnalyst calculated Hydrogen Peroxide demand across the Thailand 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, Thailand 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	230 thousand tonnes
Market size Volume by 2033	320 thousand tonnes
Growth Rate	CAGR of 3.2% 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 (Myanmar), Central (Bangkok), Northeast (Isan), and South (Gulf of Thailand)
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options

 

Available Customizations:

 

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

 

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