Hydrogen peroxide manufacturing technology advances are anticipated to boost market expansion in the near future. For instance, in January 2019, scientists from the Ulsan Institute of Science and Technology (UNIST, South Korea) reported that they had created a new catalyst for the use of energy to make hydrogen peroxide. A highly effective carbon catalyst that can change oxygen into hydrogen peroxide was created by the researchers. Sodium perborate and sodium percarbonate are created using hydrogen peroxide and then used as bleaching agents in the production of detergents. Due to the numerous uses and global expansion of the paper and pulp sector, industry grade hydrogen peroxide is anticipated to experience rising consumer demand.
The global Hydrogen Peroxide Market was valued at 5,107.01 Kilo Tons in 2021 and is expected to register a CAGR of 3.4% in terms of volume over the forecast period (2022– 2030).
Leading Companies in the Hydrogen Peroxide Industry:
1. Arkema Group
Founded in 2004, Arkema Group is a specialty chemicals and advanced materials company offering glass coating products, and chemical products. The company has headquarters in Pennsylvania, USA.
2. Evonik Industries AG
Evonik is one of the world leaders in specialty chemicals. The company is active in more than 100 countries. The company was founded in 1873 and is headquartered in Essen, Germany. In December, 2022 Evonik launched a non-animal-derived squalene suitable for vaccines and other pharmaceutical applications.
3. Solvay S.A.
Solvay SA provides advanced materials and specialty chemicals worldwide. The company was founded in 1863 and is headquartered in Brussels, Belgium. In January, 2023 Solvay launches the first ISCC PLUS certified mass balance vanillin.
4. Mitsubishi Gas Chemical Company Inc.
Mitsubishi Gas Chemical Company, Inc. manufactures and sells basic and fine chemicals, and functional materials in Japan. Mitsubishi Gas Chemical Company, Inc. was founded in 1918 and is headquartered in Tokyo, Japan.
5. Kemira Oyj
Kemira Oyj operates as a chemicals company in Finland, rest of Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company was founded in 1920 and is headquartered in Helsinki, Finland. In January, 2023 Kemira strengthens services offering by acquiring advanced process optimization start-up SimAnalytics.
6. Thai Peroxide Limited (TPL)
Thai Peroxide Limited (TPL) is a joint venture between Aditya Birla Group and Evonik AG, Germany. It began operations in 1989 with a 50:50 JV with FMC Corporation (USA) and is a pioneer in the manufacturing of hydrogen peroxide and peracetic acids globally. The company has headquarters situated in Saraburi, Thailand
7. Taekwang Industrial Co. Ltd.
Taekwang Industrial Co., Ltd. engages in the synthetic fiber, textile, petrochemical, and advanced material businesses in South Korea and internationally. The company was founded in 1950 and is headquartered in Seoul, South Korea.
8. Hansol Chemical
Hansol Chemical Co., Ltd., together with its subsidiaries, manufactures and sells various chemicals primarily in South Korea. The company was founded in 1980 and is headquartered in Seoul, South Korea.
9. Nouryon
Since 1838, Nouryon markets and consumers worldwide rely on our essential solutions to manufacture everyday products, such as personal care, cleaning goods, paints and coatings, agriculture and food, pharmaceuticals, and building products. The company operates in over 80 countries around the world and is headquartered in Amsterdam, The Netherlands.
*Definition - At room temperature, hydrogen peroxide (H2O2) is a white liquid that is slightly more viscous than water and has a harsh taste. Water and oxygen are easily formed from hydrogen peroxide.
