Hydrogen Peroxide

Hydrogen Peroxide Global Market Outlook

• HPPO technology has driven the demand for hydrogen peroxide in the past couple of years and is expected to do so in the near future, as demand for PO is projected to increase at a CAGR of ~5.5–6 percent until 2025. Solvay and Evonik are increasingly investing in this market, as only these two players have technology to do so

Hydrogen Peroxide Global Demand by Application

• Demand for hydrogen peroxide is expected to grow at ~a CAGR of ~5.5 percent from 2021 to 2025F. HPPO technology has driven the demand for hydrogen peroxide in the past couple of years, which has offset the declining demand from the pulp and paper industry.

Downstream Demand Outlook

• The paper industry is the major consumer of hydrogen peroxide, owning to the digitalization, the demand for paper is decreasing globally, but the usage of paper in other forms, such as packaging, and hygiene products, such as tissues, wipes, etc., balances the sluggish demand

• The industrial bleach segment is posing stable to positive growth in demand, owing to its increased use in major industries

• There is adequate capacity in the market to meet demand for hydrogen peroxide, especially in the bleach-grade segment

• Propylene oxide can be manufactured using H2O2 as feedstock using HPPO process. Many large-scale manufacturers, such as Solvay, Evonik, etc., partially utilize their capacities for propylene oxide and its not available to the merchant market

Hydrogen Peroxide Global Trade Dynamics

• Europe: It is the net exporter, with major exports happening within the region

• APAC: Net exporter, exporting mainly to other Asian and LATAM countries

• North America: Net exporter, mainly exporting to LATAM countries

• LATAM: Net importer, mainly importing from the US and Belgium

Hydrogen Peroxide Global Imports

• Globally, Europe, mainly Germany, is the largest importer of hydrogen peroxide importing from the Netherlands, Belgium, France.

Hydrogen Peroxide Global Exports

• Belgium and South Korea are the net exporters of hydrogen peroxide and are the potential sourcing destinations for CPG buyers, due to surplus availability in the market

• The US exports majorly to LATAM and other Asian countries. Most of the countries in Europe are small volume buyers, whose requirement is met by Belgium