H2 2023: The prices of Hydrogen Peroxide experienced a continuous decline in USA in Q3 2023. The initial drop in Q3 was primarily attributed to a subdued demand from downstream paper & pulp industries, influenced by the elevated inventory in the country. In the U.S. market, Hydrogen peroxide prices remained consistently low throughout Q3 2023. The subdued demand was not limited to the textile sector but also extended to the pulp & paper industry. This dual impact created a scenario of moderate to low demand, leading to a supply-demand imbalance and notable price decreases. Additionally, the weak support from feedstock played a role in influencing the pricing dynamics. In September 2023, the hydrogen peroxide market continued its downward price trend, primarily driven by subdued demand from key downstream industries, especially textiles and paper. The major consumers of Hydrogen peroxide, exhibited weakened demand, resulting in an oversupply situation. Consequently, manufacturers faced heightened competition and pressure to reduce prices. In the US market, prices hiked in October 2023 but then declined in the remaining last two months of Q4 2023.
H1 2023: In the first half of 2023 in the US market, Hydrogen Peroxide prices reflected a blend of market sentiments. The Hydrogen Peroxide market in the US faced a slowdown in early Q1 due to reduced demand from downstream paper & pulp and water treatment industries, impacting market growth. Elevated inflationary levels resulted in weakened trade activities. In February, inquiries from downstream sectors saw an uptick. Despite lower prices, demand from the US market remained subdued. March witnessed an expansion of inventories alongside sufficient inquiries from end-use industries. However, concerns in the financial sector, highlighted by the failure of two banks, intensified price concerns. In April, Hydrogen peroxide prices exhibited an upward trend, driven by robust demand from significant downstream sectors like pulp & paper and textile, coupled with reduced material availability. However, in May, the US market faced a severe impact on its economic condition due to the debt crisis resulting from the simultaneous collapse of major banks. This crisis prompted buyers to refrain from placing substantial orders, leading to a significant decline in the hydrogen peroxide market. The prices were low till June 2023.
The USA Hydrogen Peroxide market demand stood at 700 thousand tonnes in 2023 and is expected to grow at a CAGR of 2.75% during the forecast period until 2033.
Hydrogen peroxide, recognized for its potent oxidizing properties, holds a crucial role across diverse industries. Its significance is pronounced in the paper and pulp sector, where it acts as a powerful bleaching agent, enhancing brightness levels, stability, and reducing production costs. In the textile industry, it is widely employed for bleaching natural fibers like cotton and linen due to its effective and economical bleaching effects among oxidizing agents. The semiconductor industry benefits from hydrogen peroxide's exceptional cleaning capabilities, making it an effective solution for various cleaning purposes. In the wastewater treatment domain, hydrogen peroxide serves as a key oxidizing agent in industrial wastewater. The electronics sector utilizes hydrogen peroxide as a potent oxidizer, especially in the etching process of printed circuit boards, playing a pivotal role in manufacturing processes. Overall, hydrogen peroxide emerges as a versatile and cost-effective solution with broad applications across industries, showcasing its indispensable role in enhancing processes, from manufacturing to wastewater treatment.
The growth drivers for the Hydrogen Peroxide market in the United States are notably influenced by a variety of end-use sectors. The electronic industry stands out as a major driver, with Hydrogen Peroxide playing a significant role in various processes, contributing to its market expansion. While the pulp and paper industry stands as the prominent user, it is expected to decline in the future due to the increasing digitalization trend in the US. The water treatment sector also plays a pivotal role in driving the demand for Hydrogen Peroxide, given its applications in disinfection and wastewater treatment. Furthermore, the textiles industry serves as another key driver, where Hydrogen Peroxide is extensively utilized as a bleaching agent in the textile manufacturing process. The electronics and semiconductors sector represents another impressive application. Additionally, Hydrogen Peroxide contributes to the advancement of sustainable technologies in the manufacturing of solar panels and the recycling of batteries. Thus, the USA Hydrogen Peroxide market is likely to reach roughly 1000 thousand tonnes in 2033.
Based on the end-user industry, the USA 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 followed by the Textiles sector. Electronics & Semiconductors is another prominent sector. Hydrogen Peroxide function as an oxidizing agent essential for crucial wafer cleaning and surface conditioning during transistor or copper formation. Employed as an etchant, they play a vital role in the fabrication of printed circuit boards.
Major players in the USA Hydrogen Peroxide market are Evonik Industries, Eka Chemicals, Evonik Solvay Interox, and Mitsubushi Gas Corporation. Other global players include Arkema SA, Aurora Plastics LLC, SABIC, Solvay Peroxide, Formosa Plastics Corporation, Ineos, LG Chem, Shin-Etsu Chemical Co. Ltd., Westlake Corporation, Occidental Petroleum Corporation, Orbia (Mexichem SAB de CV), 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 USA Hydrogen Peroxide which covers production, demand and supply of Hydrogen Peroxide market in USA.
• To analyse and forecast the market size of USA Hydrogen Peroxide
• To classify and forecast USA 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 USA.
To extract data for USA 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 USA Hydrogen Peroxide market over the coming years.
ChemAnalyst calculated Hydrogen Peroxide demand across the USA 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, USA 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
700 thousand tonnes
Market size Volume by 2033
1000 thousand tonnes
Growth Rate
CAGR of 2.75% 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
West, Midwest, Northeast, Southwest, and Southeast
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What was the size of the USA Hydrogen Peroxide market in terms of volume in 2023?
Ans:
The size of USA Hydrogen Peroxide market has grown significantly in the historic period and reached approximately 700 thousand tonnes in 2023.
Q2.
Which industry is leading as the leading consumer of Hydrogen Peroxide?
Ans:
Paper & Pulp industry is the leading consumer of Hydrogen Peroxide.
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