Global Hydrogen Peroxide Market

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GLOBAL HYDROGEN PEROXIDE MARKET
Segmented by Product Function, End-user Industry, and Geography -

Analysis of Growth, Trends, and Forecast (2018 - 2023)
Report Global Hydrogen Peroxide Market

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TITLE: GLOBAL HYDROGEN PEROXIDE MARKET

THE REPORT OFFERS:
Report ID: 57240
• An understanding of the current market dynamics and growth opportunities.
Domain: Chemicals and Materials
• An in-depth analysis and forecast on various types of applications of hydrogen
Sub-domain: Aromatics and Intermediates
peroxide.
Base Year: 2017
• An analysis of the competitive landscape, including key strategies and recent
Forecast Period : 2018-2023
developments of the top vendors in the global hydrogen peroxide market
• An understanding on the increasing application of hydrogen peroxide in different

end-user industries.
Industry Reports | Consulting | Intelligence Center

+1 617 765 2493
[email protected] | www.mordorintelligence.com

TABLE OF CONTENTS 3
1. Introduction
3.4 Trade Analysis
1.1 Scope of the Report
3.5 Price Index
1.2 Study Deliverables
3.6 Supply Scenario
1.3 Research Phases
3.7 Upcoming Projects
2. Executive Summary
3.8 Regulatory Policies
3. Market Insights
4. Market Dynamics
3.1 Industry Value Chain Analysis
4.1 Drivers
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
4.1.1 Growing Demand from the Paper and Pulp Industry
3.2.1 Bargaining Power of Suppliers
4.1.2 Increasing Consumption of Hydrogen Peroxide as Raw Material for
3.2.2 Bargaining Power of Consumers Propylene Oxide Production (HPPO Process)
3.2.3 Threat of New Entrants 4.1.3 Environmental Laws and Regulations Favoring Hydrogen Peroxide
3.2.4 Threat of Substitute Products and Services over Other Disinfectants
3.2.5 Intensity of Competitive Rivalry 4.2 Restraints
3.3 Technological Snapshot 4.2.1 Health Hazards Associated with Long-term Exposure of Hydrogen
Peroxide
3.3.1 Production Process
3.3.2 Technology Licensing and Patent Analysis

TABLE OF CONTENTS 4
4.3 Opportunities
4.3.1 Eco-friendly Alternative to Chlorine for Wastewater Treatment 5.2.5 Food and Beverage
4.3.2 Growth of the Electronic Industry in Developing Asian Countries 5.2.6 Cosmetics and Healthcare
5. Market Segmentation and Analysis (Market Size, Growth, and Forecast) 5.2.7 Textiles
5.1 By Product Function 5.2.8 Electronics and Semiconductors
5.1.1 Disinfectant 5.2.9 Other End-user Industries
5.1.2 Bleaching 6. Regional Market Analysis (Market Size, Growth, and Forecast)
5.1.3 Propellant 6.1 Asia-Pacific
5.1.4 Oxidant 6.1.1 China
5.1.5 Other Product Functions 6.1.2 India
5.2 By End-user Industry 6.1.3 Japan
5.2.1 Pulp and Paper 6.1.4 South Korea
5.2.2 Chemical Synthesis 6.1.5 ASEAN Countries
5.2.3 Wastewater Treatment 6.1.6 Taiwan
5.2.4 Mining 6.1.7 Rest of Asia-Pacific

TABLE OF CONTENTS 5
6.2 North America

6.5 Middle East & Africa
6.2.1 United States
6.5.1 Saudi Arabia
6.2.2 Canada
6.5.2 South Africa
6.2.3 Mexico
6.5.3 Rest of Middle East & Africa
6.2.4 Rest of North America
7. Future of the Market
6.3 Europe
8. Competitive Landscape
6.3.1 Germany
8.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.3.2 United Kingdom
8.2 Market Share Analysis
6.3.3 Italy
8.3 Strategies Adopted by Leading Players
6.3.4 France
9. Company Profiles (Overview, Financials, Product and Services, and Recent Developments)
6.3.5 Nordic Countries
9.1 Aditya Birla Chemicals (India) Ltd
6.3.6 Rest of Europe
9.2 Arkema Group
6.4 South America
9.3 BASF SE
6.4.1 Brazil
9.4 Chang Chun Group
6.4.2 Argentina
9.5 DowDuPont
6.4.3 Rest of South America

TABLE OF CONTENTS 6
9.6 EkO Peroxide LLC (AkzoNobel NV)
9.7 Evonik Industries AG
9.8 Guangdong ZhongCheng Chemicals Inc. Ltd
9.9 Gujarat Alkali and Chemicals Ltd
9.10 Hodogaya Chemical Co. Ltd
9.11 Kemira Oyj
9.12 Kingboard Chemical Holdings Ltd
9.13 Merck KGaA
9.14 Mitsubishi Gas Chemical Company Inc.
9.15 National Peroxide Ltd
9.16 PeroxyChem
9.17 Qingdao LaSheng Co. Ltd
9.18 Solvay
10. Disclaimer

7
1.1 Scope of the Report
1. INTRODUCTION 1.2 Study Deliverables
1.3 Research Phases

1.1 SCOPE OF THE MARKET 8
GLOBAL HYDROGEN PEROXIDE MARKET
BY PRODUCT FUNCTION BY END-USER INDUSTRY

Assumption
The consumption of hydrogen peroxide is Disinfectant Pulp and Paper

derived by the top-down method, and the
region-wise split is in line with the hydrogen Bleaching Chemical Synthesis
peroxide consumption and sales.
Propellant
The consumption of hydrogen peroxide is Wastewater Treatment
directly based on the activities of different

Oxidant
end-user industries in various regions. Mining
Other Product
Functions
Food and Beverage
Cosmetics and Healthcare
Textiles
Electronics and Semiconductors
Other End-user Industries

1.2 STUDY DELIVERABLES 9
AIM AND OBJECTIVE OF THE STUDY
Regional-level analysis and forecast of the global hydrogen peroxide market
STUDY PERIOD BASE YEAR COMPANIES PROFILED
2016-2023 2017 18
GEOGRAPHICAL SCOPE SEGMENTS COVERED
DROs
PORTER’S FIVE FORCES ANALYSIS
SEGMENT AND SUB-SEGMENT

ANALYSIS
KEY PLAYERS
COMPETITIVE LANDSCAPE

1.3 RESEARCH PHASES 10
• Publications from Trade and Industry • Feedstock Suppliers

Associations • Industry Experts
• Technology Vendors
• Company Annual Reports and Presentations • Consultants
• Government Publications • Plant Operators • Forecasting Model
• Published Research Papers • Subject-matter Experts
• End Users
• Conference Proceedings • In-house Experts
• Paid Databases, such as Factiva and others • Government Bodies/Associations
SECONDARY DISCUSSION PRIMARY DATA ECONOMETRIC EXPERT REPORT

RESEARCH GUIDE RESEARCH TRIANGULATION MODELLING VALIDATION WRITING
• Company-related Queries • Analyzing and Validating Insights from • Insights Garnered from
• Market-related Queries both Secondary and Primary Data and Forecast,
• Company Financials Researches to arrive at close estimates Compiled into One Report

11
2. EXECUTIVE SUMMARY

2. EXECUTIVE SUMMARY 12
 The global hydrogen peroxide market (henceforth referred to as the market studied) is estimated to be valued at USD 2,671.65 million in 2018, and is
anticipated to reach USD 3,077.01 million by 2023, registering a CAGR of about 2.87%, during the forecast period, 2018-2023 (henceforth referred to as the
forecast period).
 One of the major factors driving the growth of the market studied is the increasing demand from the paper and pulp industry.
 Increasing paper production in Asia-Pacific is expected to drive the market studied.
 In addition, the increasing consumption of hydrogen peroxide as a raw material for propylene oxide production, is expected to drive the market studied.
 On the flipside, health hazards associated with the long-term exposure of hydrogen peroxide may hinder the growth of the market studied.
 The market has been segmented by product function and end-user industry.

• By product function, the bleaching segment occupied the largest share (by revenue) of 60.34% of the market, in 2017. The oxidant segment is expected to
register the highest CAGR of 2.98%, during the forecast period.
Hydrogen Peroxide Market: Revenue Share (%), Hydrogen Peroxide Market: Revenue Share (%),
by Product Function, Global, 2018 by Product Function, Global, 2023
2.66%
2.67%
9.48%
9.51%
25.65%
25.50%
2.01%
2.01%
60.20%
60.30%
Disinfectant Bleaching
Disinfectant Bleaching
Propellant Oxidant
Propellant Oxidant
Other Product Functions
Other Product Functions
Source: Mordor Intelligence Analysis

• By end-user industry, the paper and pulp segment accounted for the largest share (36.25%) of the market studied by revenue, in 2018, with an estimated market
value of USD 968.47 million. The chemical synthesis segment is expected to register the highest CAGR of 3.11%, during the forecast period.
by End-user Industry, Global, 2018 by End-user Industry, Global, 2023
1.80% 0.27% 0.26%

1.79%
4.84% 11.25%
11.17%
3.78% 4.82%
36.25%
3.75% 35.94%
4.02%
4.03%
14.66%
14.81%
23.13%
23.41%
Pulp and Paper Chemical Synthesis

Pulp and Paper Chemical Synthesis
Wastewater Treatment Mining
Wastewater Treatment Mining
Food and Beverage Cosmetics and Healthcare
Food and Beverage Cosmetics and Healthcare
Textiles Electronics and Semiconductors
Textiles Electronics and Semiconductors
• By region, the market studied has been segmented into Asia-Pacific, North America, Europe, South America, and Middle East & Africa. In 2018, Asia-Pacific is
estimated to dominate the market studied with a share of about 59.07% (by revenue), and is also expected to witness the highest CAGR of 3.07%, during the
forecast period.
Hydrogen Peroxide Market : Revenue in USD million, by Region, Global, 2016-2023
1835.56
1578.22
1531.66
1486.33
Revenue (in USD Million)
2000.00
1800.00
1600.00
1400.00
1200.00
1000.00
463.57
441.51
411.11
401.43
391.83
390.39
380.33
370.20
800.00
236.92
205.89
200.19
194.53
600.00
99.45
86.05
83.76
81.53
400.00
200.00
0.00
Asia-Pacific North America Europe South America Middle East & Africa
Source: Mordor Intelligence Analysis Region
• The major players in the market studied are Solvay, Evonik Industries AG, Mitsubishi Gas Chemical Company Inc., Arkema Group, and Kemira.

16
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3. MARKET INSIGHTS 3.2.5 Degree of Competition
3.3 Technological Snapshot
3.4 Trade Analysis
3.5 Price Index
3.6 Supply Scenario
3.7 Upcoming Projects
3.8 Regulatory Policies

3.1 INDUSTRY VALUE CHAIN ANALYSIS 17
• The manufacturing process of hydrogen peroxide involves the catalytic

reaction of hydrogen with oxygen. Anthraquinone is used as the hydrogen
carrier.
 Oxygen and hydrogen are being supplied by companies, such as
The Linde Group, Air Liquide SA, Praxair Technology Inc., etc. Some
of the major manufacturers of anthraquinone include Abbott
CHEMICAL Laboratories, Lexicon Pharmaceutical, and Daishin Corporation.
PROCESSES
• The chemical process mainly consists of four stages :
• Hydrogen
• Hydrogen
• Oxygen • Hydrogenation  Hydrogenation: A palladium catalyst is used to create a reaction
Peroxide
• Anthraquinone • Filtration between hydrogen and anthraquinone, to form anthrahydroquinone.
• Oxidation
 Filtration: The catalyst is filtered out.
RAW • Extraction
PRODUCT  Oxidation: The solution is oxidized by blowing air through the
MATERIAL
solution.
 Extraction: The final product, hydrogen peroxide, is removed by
liquid-liquid extraction and then concentrated by vacuum distillation.
• Some of the major manufacturers of hydrogen peroxide are Evonik
Industries, Solvay SA, Mitsubishi Gas Chemical Company Ltd, AkzoNobel,
and the Arkema Group.

3.2 PORTER’S FIVE FORCES ANALYSIS 18
Description
• The bargaining power of suppliers is expected

THREAT OF NEW ENTRANTS to be low, in the market studied.
BARGAINING
POWER OF • The bargaining power of buyers is expected to
SUPPLIERS
be moderate, in the market studied.
• The threat of new entrants is expected to be

INTENSITY OF
low, during the forecast period.
COMPETITIVE
THREAT OF
Text RIVALRY • The threat of substitute products and services
SUBSTITUTE
PRODUCT & is likely to be moderate, during the forecast
SERVICES
period.
BARGANING POWER OF
• The degree of competition in the market studied
CUSTOMERS
is anticipated to be high, during the forecast
period.

3.2.1 BARGAINING POWER OF SUPPLIERS 19
• As hydrogen peroxide is produced as a byproduct, there

exists a diminutive requirement of raw materials.
• Beside, there exist a considerable number of suppliers in Supplier switching costs

relative to firm switching costs
the market with little-to-nothing product difference, thus, 10
providing the manufacturers with several options. 8
Supplier concentration to firm 6 Degree of differentiation of

• Although the presence of substitute raw materials is less
concentration ratio inputs
4
in the market studied, it still does not affect the
manufacturers of hydrogen peroxide much, as various raw 2
material providers are readily available in the market. 0
• Additionally, there is almost no differentiation among the

raw materials, which offers an edge to the manufacturers Strength of distribution Impact of inputs on cost or
channel differentiation
of hydrogen peroxide, to switch between various options.
• Thus, the bargaining power of suppliers is considered to

be low. Presence of substitute inputs

3.2.2 BARGANING POWER OF CUSTOMERS 20
• The number of buyers exceeds the number of hydrogen

peroxide manufacturers in the market studied. In a probable
case, this is expected to reduce the buyers’ option to switch
between suppliers, provided they are not satisfied with a Buyer concentration to
firm concentration ratio
particular supplier. 10
8
• However, the products offered by different manufacturers have
Differential advantage 6 Degree of dependency
no such product differentiation, because of which it is not (uniqueness) of industry upon existing channels of
products 4 distribution
necessary for the buyer to be tied down to an individual
manufacturer. 2
0
• Further, the major buyers of hydrogen peroxide buy the
products in bulk, thus, having an upper hand when it comes to
Buyer switching costs
bargaining. Buyer price sensitivity relative to firm switching
costs
• Moreover, customers are less price sensitive. Owing to these
conditions, buyers are assessed to have moderate bargaining
power. Availability of existing
substitute products

3.2.3 THREAT OF NEW ENTRANTS 21
• The initial capital requirements in the market studied are high, thus,
acting as a major barrier for the new entrants. Moreover, the brand
loyalty in the market studied is comparatively high.
• Moreover, hydrogen peroxide, being categorized as a hazardous

material, is regulated by the federal government both onsite and during
Government policy
transportation. It is further regulated under the new DHS chemical 10
facility security regulations. Following such stringent regulations can 8

Industry profitability
become a burden to any new player trying to venture into the market Capital requirements
(Market CAGR) 6
studied. 4
• There further exists a considerable threat from major chemical 2
companies (associated with downstream chemical production), who 0
have the potential to produce hydrogen peroxide.

Access to distribution Economies of scale
• However, industry profitability is comparatively high in the market

studied, as the demand for hydrogen peroxide has been increasing
through the years.
Switching costs or sunk
Product differentiation
• However, owing to high initial capital investment, intense competition in costs
the market, and stringent government regulations, the threat of new

entrants is expected to be low in the market studied.

3.2.4 THREAT OF SUBSTITUTE PRODUCTS AND SERVICES 22
• Depending on applications, the substitutes available for hydrogen

peroxide vary. For example, hydrogen peroxide is majorly used as a
bleaching agent in the pulp and paper industry. However, alternatives, Buyer propensity to
substitute
such as chlorine and sulphuric acid are also widely used as bleaching 10
agents in the pulp and paper industry. 8
• Additionally, peroxide generally costs more to buy upfront than bleach, 6

Availability of close Relative price
for a similar concentration. For example, chlorine bleach costs substitute performance of substitute
4
somewhat around USD 2-5 a gallon for 5-7% chlorine, whereas,
2
peroxide may cost around USD 10-14 a gallon for a 7% peroxide
0
solution. Therefore, in a simple comparison, peroxide seems more
expensive. However, peroxide acts approximately twice as fast as
chlorine.
Ease of substitution Buyer switching costs
• In addition, due to the harmful environmental effect of chlorine,
hydrogen peroxide is replacing chlorine and is quickly becoming one of
the most commonly used bleaching agents in various industries.
Number of substitute
• The suitable substitutes for hydrogen peroxide are relatively low, products available in the
market
constrained by effectiveness in application and toxic features. Thus, the
threat of substitute products and services are considered to be
moderate.

3.2.5 INTENSITY OF COMPETITIVE RIVALRY 23
• The market studied is of a consolidated type, with the top five players
occupying 65% of the market, through their production capacities.
• The leading companies aim to increase their competitive edge, by investing

Sustainable
heavily in R&D activities and expanding their production capacities in competitive
advantage through
untapped regions, to meet the increasing demand from end-user industries. innovation
10
 For example, in April 2018, Meghmani Finechem Ltd (MFL) decided to
8
invest INR 400 crore (around USD 60 million), toward the expansion
6
of its existing projects and a new project of hydrogen peroxide at its
Firm concentration 4 Number of products in
facility in Gujarat, India. Hydrogen peroxide will be the new product ratio market
2
addition to the company's manufacturing portfolio.
0
 In April 2018, Descon Oxychem Limited (DOL) decided to increase
the production capacity of its existing hydrogen peroxide
manufacturing facility located in Lahore.
 In 2017, Chemplast Sanmar Ltd decided to venture into the Powerful competitive Geographical
strategy presence
manufacturing of hydrogen peroxide.
• Moreover, the brand loyalty in the market studied is comparatively high,

which intensifies the competition.
• Thus, the overall competitive rivalry in the country is considered to be high.

24
3.3.1 Production Process

3.3 TECHNOLOGICAL SNAPSHOT
3.3.2 Technology Licensing and Patent Analysis

3.3.1 PRODUCTION PROCESS 25
• The commercial and industrial manufacturing of hydrogen peroxide is carried out by implementing the anthraquinone process. This process employs a cyclic
process that enables the reuse of alkyl anthraquinone.
• The synthesis loop consists of sequential hydrogenation, filtration, oxidation, and extraction stages.
 Hydrogenation: An alkyl anthraquinone is dissolved into two solvents, one polar and the other non-polar. Collectively, the anthraquinone and solvents are
called the working solution, which is further recycled.
 Filtration: After a few cycles, the working solution will contain hydrogenated anthraquinone, which should be filtered to remove trace levels of catalyst. If not
filtered properly, the catalyst will decompose the hydrogen peroxide in the later stages, thus, reducing the yields and causing potential hazards.
 Oxidation: The working solution is then oxidized by blowing air through it. No catalyst is used in this stage and therefore, this step is often referred to as
auto-oxidation. The oxidation of tetrahydroalkylanthrahydroquinone is done and hydrogen peroxide is formed in an organic stage.
 Extraction: As the aqueous phase of hydrogen peroxide is required as the final product form, demineralized water is added from the top of a 35 m high
liquid-liquid extraction column. The water flows down the column over perforated trays and the working solution is pumped up the column. The working
solution that leaves the top of the extractor is free of hydrogen peroxide and is pumped back to the hydrogenator. The water at the bottom of the column
contains 25-35% w/w of crude hydrogen peroxide.
• The crude hydrogen peroxide is subsequently purified and vacuum distilled, to concentrations of up to 70% w/w.
• The overall process is influenced by the design and function of various ancillary equipment and processes, such as hydrogen plant, demineralized water, package
boiler, waste gas system, calciner system, fire system, and working solution regeneration.
• The whole process is environment friendly. The major sources of waste consist of liquid wastes from decant water cooling tower and demineralization plant wash
water.

3.3.2 TECHNOLOGY LICENSING AND PATENT ANALYSIS 26
This section analyzes the patenting activity of hydrogen peroxide and uncovers the details of patents, assignee companies, and a
general history of intellectual property pertaining to this catalyst.
Publication Trends
• Patents related to hydrogen peroxide can be traced back to 1996, with around 4,900 patent records overall. The number of filings has been constantly increasing
year after year, especially after 2000. Between 2016 and 2017, there exist a total of 22 patents that are still in the process to be granted.
Key Insights as of 2017
• Patents published in 2016: 538
• Patents published in 2017: 322
• Patent studies on the recent published patents (322) indicates that a significant R&D is underway, about the use of hydrogen peroxide in various applications by
major players, such as Procter & Gamble, L'Oréal, Evonik Industries, Pfizer, and Henkel.

Patent Study on Recent Publications:

This study indicates how R&D in hydrogen peroxide is spread across different geographies. China, the United States, and Japan are the countries with the most
patents. Patents are being issued by various organizations, manufacturers, research facilities, universities, laboratories, individual scientists, researchers, etc. The
graph below ranks the top priority countries along with their total number of issued patents in the field of hydrogen peroxide and provide an indication of where
innovation in the market studied is originating from.
Hydrogen Peroxide Market: Top Patenting Countries of Issuance, by Country, Global, 1998-2018
2689
2568
1673
1466
1203 1201
No. of Patents
928
758
533 498 487 479
435 415
322 268 250
236 233 226 208 206 172 162 155
151 137 130 130 126
Source: Orbit
Assignee Statistics:
This study analyzes the assignees holding the maximum inventions across various applications, from 1998 to 2018. These assignees are majorly large organizations,
Nevertheless, the individual effort and study of certain scientists and researchers have lead to ground-breaking innovations in the market studied.
Hydrogen Peroxide Market: Major Patent Assignees, by Company, Global, 1998-2018

600
500 530 523

No. of Patents
400 420
395
300 340
319
255
200 232
216 205
195 195
175 160
157 154 148 142
100 136 131 130
109 107 101 97 97 92 88 88 87
0
Organization Name
Source: Orbit

Patents by Priority Date:

This study provides details about the patents filed from 1998 to till the start of 2018. It has been observed that the number of patents has been gradually increasing
from 2013 and 2016 recorded the highest number of patents in the recent years.
Hydrogen Peroxide Market: Number of Patents, Global, 1998-2018
1276 1271
1207
1155 1153
945
878 910 884 892
830 814 846
797 798 801 786
654 664
614
No. of Patents
370
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Years
Source: Orbit

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3.4 TRADE ANALYSIS

3.4 TRADE ANALYSIS 31
Hydrogen Peroxide: Export Value in USD million, Global, 2015-2017

100.00
90.00
80.00
70.00
60.00
50.00
40.00
30.00
20.00
10.00
0.00
Korea,
Belgium United States Netherlands Thailand Brazil Germany Canada Spain Austria
Republic of
2015 82.38 50.09 48.84 77.78 42.81 47.75 43.54 44.21 17.98 18.17
2016 81.75 61.19 60.51 57.73 49.33 46.34 45.91 41.33 22.19 18.95
2017 79.82 65.04 58.86 86.16 52.28 53.34 50.71 36.20 18.51 22.39

Hydrogen Peroxide: Import Value in USD million, Global, 2015-2017

80.00
70.00
60.00
50.00
40.00
30.00
20.00
10.00
0.00
Russian Taipei,
United States Germany Italy Norway Chile France Ireland India
Federation Chinese
2015 69.04 43.60 26.74 27.01 51.04 25.14 27.02 22.51 18.41 16.96
2016 50.63 44.52 28.73 26.90 26.80 24.26 24.19 23.97 23.42 22.45
2017 45.10 52.04 33.39 29.76 12.60 23.11 30.07 26.62 25.70 26.41

Hydrogen Peroxide: Export Value in kilo metric ton, Global, 2015-2017

350
300
250
200
150
100
50
0
Korea,
Netherlands Belgium Thailand United States Germany Canada Brazil Austria Spain
Republic of
2015 242.397 117.004 147.18 101.878 69.315 96.404 100.876 96.145 55.386 46.385
2016 171.693 142.877 142.751 124.685 121.437 102.751 94.617 94.566 56.215 55.084
2017 314.932 152.263 198.81 131.059 76.506 115.971 85.61 117.478 63.315 45.149

Hydrogen Peroxide: Import Value in kilo metric ton, Global, 2015-2017

160
140
120
100
80
60
40
20
0
Russian
Germany United States Italy Netherlands France India Austria Norway Mexico
Federation
2015 134.73 107.305 72.11 56.89 57.459 59.002 43.434 39.947 95.339 44.076
2016 135.65 109.506 75.612 61.707 59.667 59.291 54.73 54.087 53.039 47.433
2017 151.829 88.727 87.227 58.058 65.304 67.595 61.974 68.077 26.734 47.178

35
3.5 PRICE INDEX

3.5 PRICE INDEX 36
Average Price Index in USD/metric ton, by Region, 2016-2017
Middle East & Africa 547.48

501.00
South America 495.86

527.71
Europe 374.63
405.99
North America 591.06

496.34
Asia-Pacific 692.91
716.64
Global 582.04
584.85
0.00 100.00 200.00 300.00 400.00 500.00 600.00 700.00 800.00
2017 2016
Source: International Trade Centre
(NOTE: We provide a dollar focused price index that takes into account the dollar conversion, and the local currency price, where USD 2.00 is turned into local
currency and then moved forward using the local currency price, which is the commodity price forecast, and the differential between local currency price deflator
and the United States price deflator.)

37
3.6 SUPPLY SCENARIO

3.6 SUPPLY SCENARIO 38
CAPACITY AND PRODUCTION (metric ton per annum)
Company Plant Location Peroxide Type Installed/Nameplate Capacity
Zhenjiang, Jiangsu Province, China
Imperatriz MA, Brazil
Antwerp, Belgium
Shandong Province, China
Map Ta Phut, Thailand
Jubail, Saudi Arabia
Voikkaa, Finland
Solvay Washington, United States Hydrogen Peroxide >1,000,000
Texas, United States
Amatitalan, Guatemala
Curitiba, Brazil
Portugal
Italy
United Kingdom
Netherlands

Gibbons, Alberta, Canada
Maitland, Ontario, Canada
Mobile, Alabama, United States
Barra do Riacho, Brazil
Antwerp, Belgium
Delfzijl, Netherlands
Evonik Industries AG Rheinfelden, Germany Hydrogen Peroxide >900,000
Weissenstein, Austria
Durban, South Africa
Jilin, China
Ulsan, South Korea
Morrinsville, New Zealand
Cikarang, Indonesia

>400,000 (Total)
Becancour, Canada
>70,000
Memphis, Tennessee, United States
>70,000
Arkema Hydrogen Peroxide
Jarrie, France
>70,000
Leuna, Germany
80,000
Shanghai, China
80,000
Fray Bentos, Uruguay
Europort, Netherlands
Helsingborg, Sweden
Kemira Hydrogen Peroxide >250,000
Oulu, Finland
Ulsan, South Korea
Ube, Japan
Norway Hydrogen Peroxide
Sweden Hydrogen Peroxide

Akzo Nobel N.V. >200,000
Venezuela Hydrogen Peroxide
United States Hydrogen Peroxide

National Peroxide Ltd Maharashtra, India 50% w/w 95,000
Vadodara, Gujarat, India 12,540

100% w/w
Gujarat Alkalies and Chemicals Ltd
Dahej, Gujarat, India 26,540
Aditya Birla Chemicals (JV with 35% w/w

Saraburi, Thailand 19,000
PeroxyChem Netherlands Holdings BV ) 50% w/w
Yokkaichi, Japan Hydrogen Peroxide 18,000
Yokkaichi, Japan Super-pure Hydrogen Peroxide 12,000
Saga, Japan Super-pure Hydrogen Peroxide 19,000
Yamkita, Japan Super-pure Hydrogen Peroxide 30,000
Kashima, Japan
(JV with Kyodou Kasankasuiso Hydrogen Peroxide 104,000
Mitsubishi Gas Chemical Company Inc. Corporation)
Tomakomai, Japan
Hydrogen Peroxide 33,000
(JV with Shin Sanso Kagaku Company)

Indonesia
(JV with PT Peroksida Indonesia Pratama)
China
(Suzhou MGC Suhua Peroxide Co. Ltd)
Korea
(JV with Super-pure Hydrogen Peroxide 120,000
Samyoung Pure Chemicals Co. Ltd)
Mitsubishi Gas Chemical Company, Inc.

United States
Super-pure Hydrogen Peroxide 70,000
(JV with MGC Pure Chemicals America Inc.)
Singapore
(JV with MGC Pure Chemicals Singapore Super-pure Hydrogen Peroxide 10,000
Pte Ltd)
Taiwan
Super-pure Hydrogen Peroxide 31,000
(MGC Pure Chemicals Taiwan Inc.)

Guangdong ZhongCheng Chemicals

Guangdong,China 100% w/w 92,000
Inc. Ltd
Texas, United States Hydrogen Peroxide -
New York, United States Hydrogen Peroxide -
British Columbia, Canada Hydrogen Peroxide -
PeroxyChem ZARAGOZA, Spain Hydrogen Peroxide -
Source: The information on Installed /Nameplate Capacities are taken from Company Websites and their Press Releases.

44
3.7 UPCOMING PROJECTS

3.7 UPCOMING PROJECTS 45
Company Activity
The company is planning to expand its facilities, with the construction of new plants for
Mitsubishi Gas Chemical Company Inc. super-pure hydrogen peroxide in Oregon, Texas, each with a production capacity of 35,000
metric ton per year. The production in these sites are expected to start by 2019.
MFL has planned to invest INR 400 crore (about USD 60 million) on the expansion of its
existing projects in India. The company is planning to start producing hydrogen peroxide at its
facility in Dahej, India. It has drafted a hydrogen peroxide (50%) project of 15 metric ton per
Meghmani Finechem Ltd (MFL) day. The company is expected to commission the plant by June 2019.
GACL announced the approval of establishment of a hydrogen peroxide plant in Dahej,

Gujarat, with an investment of INR 143 crore (about USD 21 million). The plant is expected to
Gujarat Alkalies and Chemicals Ltd (GACL) be operational between 2018 and 2019.
The company plans to establish a hydrogen peroxide plant, worth EUR 15 million, (about
El Nasr Co. for Intermediate Chemicals (NCIC)
USD 18 million) in Giza, Egypt.

3.8 REGULATORY POLICIES 46
• Article 16(2) of Directive 98/8/EC of the European Parliament approved hydrogen peroxide as an existing active substance for use in biocidal products, for
product-types 1, 2, 3, 4, 5, and 6.
• According to the Code of Federal Regulation, (CFR) Title 21, hydrogen peroxide meets the specification of Food Chemical Codex. In accordance with
184.1(b)(2), the ingredient is to be used in food processing only within the following specific limitations:
Food Maximum Treatment Level (%) Functional Use
Milk, intended for use during cheese making

0.05 Antimicrobial agent
process
Dried eggs, dried egg whites, and dried egg

Amount sufficient for the purpose Oxidizing and reducing agent
yolk
Tripe, beef feet, herring, instant tea Amount sufficient for the purpose Bleaching agent
Starch 0.15 Antimicrobial agent
Reduce sulfur dioxide levels in the finished corn

Corn syrup 0.15
syrup
Colored (annatto) cheese whey 0.05 Bleaching agent
Remove sulfur dioxide from wine prior to

Wine vinegar Amount sufficient for the purpose
fermentation, to produce vinegar
Emulsifiers, containing fatty acid esters 1.25 Bleaching agent

47
4.1 Drivers
4.1.1 Growing Demand from the Paper and Pulp Industry
4.1.2 Increasing Consumption of Hydrogen Peroxide as Raw Material for

Propylene Oxide Production (HPPO Process)
4. MARKET DYNAMICS
4.1.3 Environmental Laws and Regulations Favoring Hydrogen Peroxide
Over Other Disinfectants
4.2 Restraints
4.2.1 Health Hazards Associated with Long-term Exposure of Hydrogen

Peroxide
4.3 Opportunities
4.3.1 Eco-friendly Alternative to Chlorine for Wastewater Treatment
4.3.2 Growth of the Electronic Industry in Developing Asian Countries

IMPACT CHART - DRIVERS AND RESTRAINTS 48
GROWING INCREASING CONSUMPTION OF

DEMAND FROM HYDROGEN PEROXIDE AS A RAW
ENVIRONMENTAL LAWS AND
High THE PAPER AND MATERIAL FOR PROPYLENE OXIDE
REGULATIONS, FAVORING
PULP INDUSTRY PRODUCTION (HPPO PROCESS)
Market Drivers
HYDROGEN PEROXIDE OVER
Impact
OTHER DISINFECTANTS
Low
Short-term Medium-term Long-term
Low
Market Restraints
Impact
HEALTH HAZARDS, ASSOCIATED WITH
High LONG-TERM EXPOSURE TO

HYDROGEN PEROXIDE

4.1 DRIVERS 49
DRIVER: 4.1.1 GROWING DEMAND FROM THE PAPER AND PULP INDUSTRY
• In recent years, the demand for hydrogen peroxide in the paper and pulp industry has significantly grown, due to improved paper quality and increased yield of
wood mass. In addition, hydrogen peroxide is used in eco-friendly bleach products, in order to remove chlorine compounds through bleaching processes.
• In the paper and pulp industry, hydrogen peroxide is mainly used for:
 Bleaching of wood pulp
 Bleaching of cellulose
 Recycling of waste paper (de-inking)
• Countries, such as China, the United States, India, etc., are the leading pulp and paper producing countries. The global production of paper and pulp is increasing
constantly at a slow pace. Regions, like Asia-Pacific, are witnessing an increased volume of paper production, since the demand for packaging has increased,
owing to the eco-friendly products and increasing sales of newspapers and books, due to growing population in the region.
• The United States, Japan, and China are expected to hold the top three positions, respectively, in the paper and paperboard production, while North America
heads the annual paper use per capita consumption, at 228.99 kg per person.
• The global paper and paperboard production capacity is increasing consistently, leading to a growth in the demand for pulp processing. This, in turn, is projected to
increase the consumption of hydrogen peroxide.

4.1 DRIVERS 50
DRIVER: 4.1.1 GROWING DEMAND FROM THE PAPER AND PULP INDUSTRY
Processed Paper and Cardboard: Production in million metric ton, China, 2017-2018
11.3
11.23
11.2
11.13
11.1
11
Million Metric Ton
10.95
10.89
10.9
10.8
10.7 10.68
10.6
10.5
10.4
Mar-17 Jun-17 Sep-17 Dec-17 Mar-18
Month
Source: Statista

4.1 DRIVERS 51
4.1.2 INCREASING CONSUMPTION OF HYDROGEN PEROXIDE AS A RAW MATERIAL FOR PROPYLENE OXIDE
PRODUCTION (HPPO PROCESS)
• Hydrogen peroxide to propylene oxide (HPPO) is a process, which uses hydrogen peroxide
Polyurethane Production Capacity,
as an oxidizing agent to oxidize propylene to propylene oxide (PO). in metric ton, Annual, 2012-2017
• Propylene oxide (PO) serves as an important component for the chemical industry, owing to
its wide range of applications, majorly in the polyurethane and solvent industries. 12,025,500
 PO is used in the production of polyethers and propylene glycol, where it is majorly

used in the production of polyurethane foams. 11,472,500
11,295,500
 It is also used in the fumigation of plastic medical instruments, along with the
Metric ton per Year

10,902,500
production of di-propylene glycol and glycol ethers.
 It is used in the preparation of surfactants, lubricants, oil demulsifiers, etc.

10,212,500
 It can also be used as a herbicide and solvent. 10,022,500
• As a major proportion of propylene oxide is used in the production of polyurethane, the

rising production of polyurethane has been driving the demand for propylene oxide.
• Hence, with such a diversified list of applications, the propylene oxide producers have been
focusing on increasing the production rates. Since hydrogen peroxide is used as a raw
2012 2013 2014 2015 2016 2017
material in the production of PO during HPPO process, the demand, along with the Year
production, of hydrogen peroxide is also increasing.

4.1 DRIVERS 52
4.1.3 ENVIRONMENTAL LAWS AND REGULATIONS FAVORING HYDROGEN PEROXIDE OVER OTHER DISINFECTANTS
• Pollution can severely contaminate water, to the extent that it may no longer be usable without intense clean-ups. To solve this problem, governments around
the world are imposing strict rules on industries, as a bid to protect the environment.
• In Asia-Pacific, the governments are taking serious steps to tackle the disposal of wastewater. Countries, such as Japan, Singapore, South Korea, and
Australia, are investing in water treatment, owing to strict environment laws. For instance, the South Korean Toxic Chemical Control Act provides momentum
to the water treatment market. These laws are expected to drive the demand for hydrogen peroxide in recent years.
• In the United States, plant personnel are forced to comply with tighter National Pollutant Discharge Elimination System (NPDES) guidelines for water
treatment, as per the Environmental Protection Agency (EPA) and individual state regulators mission, to deal with wastewater issues.
• In Europe, the guidelines for water treatment and wastewater issues are given by REACH, under compliance with the European Commission, across all
countries in the region. The guidelines have been tightened, which forces companies and plant officials to ensure correct water treatment systems.
• Conventional disinfectant technologies, such as chlorine, chlorine dioxide, ozone, peracetic acid, and ultraviolet (UV) radiation, are being increasingly
replaced by technologies involving the combination of ozone and hydrogen peroxide, as well as hydrogen peroxide and UV radiation.
• When compared to the usage of conventional disinfectants, advanced oxidation is achieved in wastewater treatment plants by employing ozone with
hydrogen peroxide, or hydrogen peroxide with UV radiation for disinfection purposes. The major advantage associated in achieving this advanced oxidation is
to avoid the generation of disinfection by-products.
• Therefore, countries are shifting focus toward hydrogen peroxide over other disinfectants. This, in turn, is expected to drive the market studied during the
forecast period.

4.2 RESTRAINT 53
4.2.1 HEALTH HAZARDS ASSOCIATED WITH LONG-TERM EXPOSURE TO HYDROGEN PEROXIDE
• Hydrogen peroxide (H2O2) is a colorless liquid with a mild odor. It can affect health if inhaled, or if it comes in contact with eyes or skin. Moreover, it can affect
the body if swallowed.
• Hazards of hydrogen peroxide
 It is a strong oxidant, and can promote combustion.
 Can cause bleaching of the skin and chemical burns.
 Can cause irritation to the eyes and can lead to their permanent damage.
 Can cause irritation to the respiratory system, and permanent lung damage or pulmonary edema (fluid in the lungs).
• Food-grade hydrogen peroxide can also damage the gastrointestinal tract. According to the ‘Canadian Journal of Gastroenterology’, if a person accidentally
consumes 250 ml of food-grade hydrogen peroxide, it can result in major stomach irritation. Further, consumption of H2O2 can also cause worse effects,
including gastrointestinal ulceration and perforation, due to its caustic nature.
• According to the US Food and Drug Administration, the consumption of food-grade hydrogen peroxide can cause inflammation of the blood vessels and life-
threatening allergic reactions.

4.3 OPPORTUNITIES 54
4.3.1 ECO-FRIENDLY ALTERNATIVE TO CHLORINE FOR WASTEWATER TREATMENT
• The global wastewater treatment market is experiencing rapid changes in response to strict environmental regulations. Major companies actively participate in the
research landscape of this market, with the intention to provide cost-effective and eco-friendly solutions.
• Demand for hydrogen peroxide is expected to increase in the next few years, due to government initiatives regarding wastewater treatment. It is an eco-friendly
alternative to liquid chlorine. Although liquid chlorine is still widely used in municipal wastewater treatment plants, the associated safety and pollution issues are
likely to change the consumer preference toward hydrogen peroxide for wastewater treatment.
• Hydrogen peroxide is environmentally safe, cost-effective, and easy to operate, as compared to the usage of chlorine for wastewater treatment purposes.
• Hydrogen peroxide has good ability in reducing bonded chlorides, in both organic and inorganic compounds present in the wastewater.
• It has been used in different experiments to improve oxygen supply, and oxidation rate of suspended and dissolved particles that cause pollution in such water
effluents. Additionally, hydrogen peroxide is used as an oxidizing auto catalyst for the treatment of halogenated hydrocarbon in waste water.
• North American and European countries have imposed strict regulations for wastewater treatment. High land, labor, and chemical costs make wastewater
treatment expensive in such countries.
• Rising environmental regulations regarding wastewater treatment is expected to increase the demand for hydrogen peroxide during the forecast period.

4.3 OPPORTUNITIES 55
4.3.2 GROWTH OF THE ELECTRONICS INDUSTRY IN DEVELOPING ASIAN COUNTRIES
Semiconductor Industry: Revenue in USD billion,

• The demand for hydrogen peroxide (H2O2) has been increasing from the
Japan, 2012-2017
electronics segment, due to its usage in electronics equipment and
39
semiconductors.
37.99
38
• With the growing electronics industry in the Asia-Pacific countries, such as
China, India, and Japan,, the demand for H2O2 is expected to increase from 37
36.35
their respective electronics industry. 36
• The electronics industry in Japan continues to provide opportunities for the
USD billion
35
market studied. The domestic production remains strong for products offering
34
high reliability and quality, semiconductors, and electronic equipment.
33
• China is embracing its growing electronics industry. The average annual 32.29
growth rate of Chinese electronic sector is more than 10%. Global leaders, 32
such as Evonik Industries AG, Solvay, DowDuPont, etc., are concentrating 31

more in China, which is expected to boost the demand for hydrogen peroxide
30
during the forecast period.
29
2015 2016 2017
Year
Source: Statista

56
5.1 By Product Function

5.1 MARKET SEGMENTATION AND ANALYSIS 5.2 By End-user Industry

57
5.1.1 Disinfectant
5.1.2 Bleaching
5.1 MARKET SEGMENTATION - BY PRODUCT FUNCTION 5.1.3 Propellant
5.1.4 Oxidant
5.1.5 Other Product Functions

5.1 BY PRODUCT FUNCTION 58
Market Size, (Volume in Market Size, (Revenue in

Product Function Description
kilo metric ton), 2018 USD million), 2018
Hydrogen peroxide is used as a disinfectant in the medical and

healthcare, cosmetics, food processing, packaging, wastewater 443.68 253.98
treatment, and other industries, as it helps in killing unwanted
Disinfectant microbes and viruses.
Bleaching holds the largest share, among all other product
functions, as it is widely used in the pulp and paper, textile, and 2799.29 1611.13
Bleaching
cosmetic industries.
Hydrogen peroxide is used as a propellant to launch vehicles and
monopropellant systems, in which, hypergolic bipropellant engines 93.64 53.78
Propellant
are used.
Hydrogen peroxide finds applications as oxidants in electronic,
1189.18
mining, wastewater collection, and treatment system, cosmetics, 681.32
Oxidant
and other industries.
Hydrogen peroxide is used as a cleaning agent in industries, like

Others 123.97 71.45
electronics, food processing, textile, and medical and healthcare.

Hydrogen Peroxide Market: Volume in kilo metric ton, by Product Function, Global, 2016-2023
Product Function 2016 2017 2018 2023 CAGR % (2018-2023)
Disinfectant 410.49 426.70 443.68 543.72 4.15
Bleaching 2605.37 2699.16 2799.29 3411.76 4.04
Propellant 86.76 90.12 93.64 114.25 4.06
Oxidant 1098.09 1142.56 1189.18 1461.15 4.21
Other Product Functions 115.68 119.70 123.97 150.17 3.91
Total 4,316.38 4,478.24 4,649.76 5,681.05 4.09

Hydrogen Peroxide Market: Revenue in USD million, by Product Function, Global, 2016-2023
Product Function 2016 2017 2018 2023 CAGR % (2018-2023)
Disinfectant 240.07 246.96 253.98 291.75 2.81
Bleaching 1523.74 1567.23 1611.13 1852.48 2.83
Propellant 50.74 52.23 53.78 61.90 2.85
Oxidant 642.21 661.41 681.32 789.10 2.98
Other Product Functions 67.65 69.53 71.45 81.78 2.74
Total 2,524.42 2,597.37 2,671.66 3,077.01 2.87

5.1.1 DISINFECTANT 61
• Hydrogen peroxide helps in killing all types of bacteria and viruses. This disinfecting property of hydrogen peroxide has led to its use as a disinfectant in various
industries and processes.
• It is used in the medical industry for treating inflammation of gums, sterilization of surgical tools, and disinfecting wounds. Moreover, it is advocated that hydrogen
peroxide can also be used in medicines for fighting ailments, like influenza, emphysema, AIDS, and cancer. The practitioners have been making efforts to develop
such medical applications of hydrogen peroxide.
• It is used as a disinfectant in aseptic packaging in the food processing industry, to clean and disinfect packages in contact with food products.
• Moreover, during disinfection treatment in food processing, the excess peroxide is decomposed while drying with hot air. A major advantage of using hydrogen
peroxide in food processing is the odorless decomposition of peroxide. In addition, the rinsing step in food processing can also be skipped if hydrogen peroxide is
used as a disinfectant.
• Hydrogen peroxide finds application in wastewater treatment process for removing the organic impurities from the water. It helps to decompose pollution from the
wastewater with free oxygen radicals, due to which only water is left behind for use. Hence, it finds application as a disinfectant to combat excessive microbial
growth in water systems, water treatment plants, and cooling towers. Moreover, it also holds the ability to purify the air by removing pollutants.
• Moreover, it is also used in the cosmetic industry, as it acts as an antimicrobial agent during oxidative hair dying, in pastes, and mouthwash.

5.1.2 BLEACHING 62
• Hydrogen peroxide, in its liquid form, is widely known for its cleaning and bleaching properties. The strong oxidizing nature of hydrogen peroxide has made it widely
useful as a bleaching agent in various markets, including textile, paper & pulp, cosmetics, etc.
• In the pulp and paper industry, it is extensively used in the production of various types of pulps, such as mechanical, chemical, and recyclable pulps. It helps to
provide optimal whitening to the pulps. Hydrogen peroxide serves as a principal bleaching agent in the bleaching of mechanical pulps. The mechanical
defiberization of wood yields fibers (that are rich in lignin) requires mild bleaching agents, like hydrogen peroxide, which is capable of oxidizing dominantly the
chromophores of lignin.
• Moreover, in the repulping procedure, ink removal is done under mildly alkaline conditions, where a small amount of hydrogen peroxide is added to avoid alkaline
yellowing and provide a high degree of brightening effect.
• In the textile industry, hydrogen peroxide finds wide applications as a bleaching agent, activator, and for enhancing colors of the fabrics and clothes. Hydrogen
peroxide helps in breaking the chemical bonds of chromophores (i.e., color producing agents), which makes it widely popular for use in removing stains from
clothes. Hence, it is widely used in laundry to remove stains and odor, brighten colors, whiten white clothes, and clean and disinfect the washer.
• It is also used for coloring fabrics, both natural, as well as synthetic (such as cotton, wool, silk, linen, rayon, etc.), as it helps in improving the consistency of dye
transfer to the fabric and clothes. Moreover, animal fiber can only be bleached by peroxide, which helps provide a high and stable degree of whiteness.
• In the cosmetics industry, it is used as an active ingredient in producing hair dyes and bleaches.

5.1.3 PROPELLANT 63
• Since the mid-twentieth century, high-concentration hydrogen peroxide is used as a propellant in the transportation sector, where hypergolic bipropellant engines
are used in the vehicles.
• Hypergolic bipropellant engines used in launch vehicles and monopropellant systems (like power satellites) require propellants as fuel.
• High-concentration hydrogen peroxide is widely used as a monopropellant in such vehicles and systems. High-concentration hydrogen peroxide is also known as
‘high-test peroxide (HTP)’.
• Owing to its superior decomposition ability and environment-friendly properties, the use of hydrogen peroxide as a propellant in these vehicles and systems is
increasing.
• About 70–98% of HTP monopropellant can be decomposed into steam and oxygen, which makes it suitable for fuelling space rockets, power satellites, etc.
• Moreover, monopropellant engines use hydrogen peroxide as fuel for air-independent underwater propulsion applications.
• The demand for non-cryogenic propellant has been increasing, especially after these propellants have become commercially available in high concentration and
high-purity form. This is because, these propellants, including hydrogen peroxide, can be stored at more regular temperatures, helping in the storage of propellants
for a longer period.
• The aforementioned factors and applications are expected to increase the usage of hydrogen peroxide as a propellant, during the forecast period.

5.1.4 OXIDANT 64
• Hydrogen peroxide serves as one of the most powerful oxidizers. The oxidizing strength of hydrogen peroxide is more than chlorine, chlorine dioxide, and
potassium permanganate, owing to which, it has been replacing the use of these oxidants in various industrial applications.
• Hydrogen peroxide can be converted into hydroxyl radicals through catalytic reaction. This hydroxyl radical holds second-highest reactive ability, after fluorine as
oxidizer, making it one of the most reliable and efficient oxidant.
• Moreover, the environmental concerns related to clean and healthy nature, are further increasing the application of hydrogen peroxide as an oxidant, which is
because, there is no harmful by-product of hydrogen peroxide oxidizer and the only by-product produced is water.
• As an oxidant, it is widely used in waste water collection and treatment systems, chemical synthesis processes, and the electronics and mining industries.
• Hydrogen peroxide is widely effective in controlling sulfide and organic related odors in wastewater collection and treatment systems.
• In the mining industry, it is used as an oxidant, recovery agent, and as an oxygen source in metallurgical processes, such as ore leaching, effluent treatment,
concentration preparation, etc.
• In the electronic industry, it is used in the production of semiconductors, which use high-quality electronic grade hydrogen peroxide as both oxidizing and cleaning
agent.
• Moreover, it is also used in rockets, which have standard liquid-fueled bipropellant rocket engine. In these engines, liquid fuel and oxidant are stored in separate
containers. Both these components are to be fed to the rocket engine to operate it. Hence, this is done through decomposing liquid hydrogen peroxide over a
heavy-metal catalyst to produce overheated steam and oxygen, which further drives the turbo pumps to supply kerosene and liquid oxygen to the rocket engine.
• In the cosmetics industry, it is used as an oxidizing agent for making dyestuffs during oxidative hair dyeing.
• Owing to the superior oxidizing ability and environment-friendly properties of hydrogen peroxide, the demand for hydrogen peroxide oxidants is increasing from
these industries.
5.1.5 OTHER PRODUCT FUNCTIONS 65
Hydrogen Peroxide Market: Volume in kilo

• Hydrogen peroxide is also used as a cleaning agent in industries, such as metric ton, Other Product Functions, Global, 2016-2023
electronics, food processing, textile, medical and healthcare, etc.
150.17
• In the electronics industry, high-quality electronic grade hydrogen peroxide is
used as a cleaning agent during the production process of semiconductors. 123.97
119.70
115.68
• In the food processing industry, hydrogen peroxide is used as a disinfectant to
sterilize the packaging materials and machines that come into contact with the
Volume in kilo metric ton

food materials.
• In the textile industry, it is not only used as bleaching agent but also as a
cleaning agent. Hence, it is widely used in the drycleaner industry and in
homes for cleaning stains.
• Further, it can also be used in cleaners for cleaning places, where food and
dishes are stored, and to produce other home cleaners.
2016 2017 2018 2023

Year

66
5.2.1 Pulp and Paper
5.2.2 Chemical Synthesis
5.2.3 Wastewater Treatment
5.2.4 Mining
5.2 BY END-USER INDUSTRY 5.2.5 Food and Beverage
5.2.6 Cosmetics and Healthcare
5.2.7 Textiles
5.2.8 Electronics and Semiconductors
5.2.9 Other End-user Industries

5.2 BY END-USER INDUSTRY 67
Market Size,
Market Size (Revenue in
End-user Industry Description (Volume in kilo
USD million), 2018
metric ton), 2018
Pulp and Hydrogen peroxide is widely used as a bleaching agent in the

2,117.04 968.47
Paper pulping of wood.
Chemical Synthesis Hydrogen peroxide is used as an oxidizing agent, which is essential

829.50 618.06
in the production of many useful organic and inorganic chemicals.
Wastewater Hydrogen peroxide is used as a disinfectant in desulfiding and

462.61 391.73
Treatment deodorizing processes to treat the municipal and industrial effluents.
Mining Hydrogen peroxide is used as an oxidant in metallurgical processes,

105.23 107.30
such as ore leaching, concentrate preparation, or eluent treatment.
Food and Hydrogen peroxide is used as peroxygen reagent for bleaching

140.24 100.89
Beverage processes in the food & beverage industry.
Cosmetics
Hydrogen peroxide is used as oxidizing agent and disinfectant in
300.80 129.32
and ealthcare
cosmetics and healthcare industries.

Market Size, (Volume in kilo Market Size, (Volume in

End-user Industry Description
metric ton), 2018 kilo metric ton), 2018
Hydrogen peroxide is used in the textile sector as a bleaching

Textile 619.93 300.66
agent for cotton, wool, silk, linen, and rayon.
Hydrogen peroxide is mainly used as oxidizing and cleaning

Electronics and agent, and also used in manufacturing printed circuit boards as 61.01 48.07
Semiconductors an etchant.
Other End-user Hydrogen peroxide has miscellaneous applications in the

13.40 7.16
Industries transportation industry, and is also used in aseptic packaging.

Hydrogen Peroxide Market: Volume in kilo metric ton, by End-user Industry, Global, 2016-2023
By End-user Industry 2016 2017 2018 2023 CAGR % (2018-2023)
Pulp and Paper 1965.25 2039.34 2117.04 2569.81 3.95
Chemical Synthesis 775.65 801.01 829.50 1027.55 4.38
Wastewater Treatment 427.75 444.78 462.61 568.48 4.21
Mining 97.55 101.31 105.23 128.09 4.01
Food and Beverage 129.92 134.93 140.24 170.85 4.03
Cosmetics and Healthcare 277.97 289.12 300.80 368.65 4.15
Textiles 573.22 596.09 619.93 756.79 4.07
Electronics and
56.54 58.73 61.01 74.55 4.09
Semiconductors
Other End-user Industries 12.52 12.95 13.40 16.28 3.96
Total 4,316.38 4,478.24 4,649.76 5,681.05 4.09

Hydrogen Peroxide Market: Revenue in USD million, by End-user Industry, Global, 2016-2023
By End-user Industry 2016 2017 2018 2023 CAGR % (2018-2023)
Pulp and Paper 913.59 940.63 968.47 1105.97 2.69
Chemical Synthesis 586.93 602.60 618.06 720.44 3.11
Wastewater Treatment 368.06 379.73 391.73 455.80 3.08
Mining 101.23 104.22 107.30 124.14 2.96
Food and Beverage 95.42 98.14 100.89 115.33 2.71
Cosmetics and Healthcare 122.18 125.71 129.32 148.28 2.77
Textiles 284.75 292.61 300.66 343.76 2.72
Electronics and
45.44 46.74 48.07 55.14 2.78
Semiconductors
Other End-user Industries 6.82 6.99 7.16 8.15 2.62
Total 2,524.42 2,597.37 2,671.66 3,077.01 2.87

5.2.1 PULP AND PAPER 71
• Hydrogen peroxide is extensively used in the paper and pulp industry as a bleaching Hydrogen Peroxide Market: Volume in kilo metric
agent. It is used in the production of various types of pulps, such as mechanical, ton, Pulp and Paper, Global, 2016-2023
chemical, and recyclable pulps. It helps ensure optimal whitening of the pulps in these
industries.
2569.81
• Hydrogen peroxide serves as a principal bleaching agent in the bleaching of mechanical
pulps. It can be used alone or with other bleaching agents. The use of hydrogen peroxide 2117.04
2039.34
helps impart optimal whitening to the mechanical pulp. 1965.25

• In the manufacturing of chemical pulp, hydrogen peroxide and sodium chlorate are the
most extensively used bleaching agents. Hydrogen peroxide is the principle bleaching
agent on total chlorine-free (TCF) sequence and is used to ensure a high degree of
brightness, while minimizing the impact of effluents.
• Hydrogen peroxide also finds its application in re-pulping of waste paper over other
bleaching agents as it aids in reducing the bleaching costs and also decreases the
effluent color.
• Due to the increasing demand for packaging, tissue papers, and pulp for hygiene
2016 2017 2018 2023
products, the paper and pulp industry has been witnessing a strong growth. Additionally,
Year
the textile application of paper and pulp has also been increasing, globally. Source: Mordor Intelligence Analysis
• Asia-Pacific and Europe are expected to witness strong demand for hydrogen peroxide,
for applications in the paper & pulp industry, during the forecast period.

5.2.2 CHEMICAL SYNTHESIS 72
• Hydrogen peroxide is an economical and environment-friendly oxidizing agent, which is

extensively used in the chemical industry for the manufacturing of organic compounds. Hydrogen Peroxide Market: Volume in kilo
metric ton, Chemical Synthesis, Global,
• Due to its low molecular weight, Hydrogen peroxide is more effective on a weight-per-weight
2016-2023
basis than potassium dichromate or permanganate. Therefore, the chemical manufacturing
companies prefer hydrogen peroxide as an oxidizing agent for chemical manufacturing.
1027.55
• Hydrogen peroxide is highly stable and safe when handled correctly, and has the additional
benefit of being soluble in water, numerous organic solvents, or in the substrate itself.
829.50
Moreover, it is an environment-friendly chemical compound as it disintegrates in just water and 775.65 801.01

oxygen.
• Hydrogen peroxide is used in the manufacturing of inorganic chemicals, like persalts

(perborate, percarbonate, persulfates, metal peroxides, etc.), as well as sodium chlorite and
chlorine dioxide. It is also used as an oxidizing agent in the production of organic chemicals,
such as hydrazine hydrate and hydroxyl-amines, hydroquinone, epoxy products (oils, latex),
organic peroxides, peracetic acid, sulfur derivatives, etc.
• Due to the increasing demand for propylene oxide, flame retardants, and amine oxide
surfactants, the chemical synthesis industry has been witnessing a robust growth in the
2016 2017 2018 2023
consumption of hydrogen peroxide. Year
• Additionally, the demand for hydrogen peroxide as an oxidizing agent in herbicide production is
expected to witness a positive impact during the forecast period.

5.2.3 WASTEWATER TREATMENT 73
• Wastewater treatment is a process where impurities, such as undesirable chemicals, biological

contaminants, suspended solids, and gases, are removed from the contaminated water. The goal of Hydrogen Peroxide Market: Volume in kilo metric
this process is to produce water fit for a specific purpose. ton, Wastewater Treatment, Global, 2016-2023
• Water treatment serves a wide range of purposes, which include meeting requirements of 568.48
agricultural, medical, household, pharmacological, chemical, and industrial applications.

462.61
• Hydrogen peroxide is particularly used in the treatment of urban wastewater for desulfiding and 444.78
427.75
deodorizing processes. It is known to restrict corrosion and odor caused by hydrogen sulfide.

Hydrogen peroxide is also used to remove hazardous materials from industrial effluents containing
cyanides, phenols, sulfides, and other compounds.
• In the chemical industry, it is used to support already existing system, like Claus Claus-Pol, and
thus, helps by avoiding the maintenance period and getting a short return on investments. In
refineries, it is used to support or replace strippers in treating low concentration hydrogen sulfide
and mercaptans.
• Hydrogen peroxide acts as a source of oxygen for aerobic biological treatment, mainly used for
removing dissolved pollutants from hydrocarbon-contaminated sites. Moreover, it is used in the
treatment of swimming pool water as a bactericide-algicide for preventing water decontamination. 2016 2017 2018 2023
Year
• Stringent environmental norms in treating wastewater are aiding the increase in demand for Source: Mordor Intelligence Analysis
hydrogen peroxide, which is anticipated to influence the studied market positively during the
forecast period.
5.2.4 MINING 74
• In metallurgical processes, such as ore leaching, concentrate preparation or eluent treatment, hydrogen peroxide is widely used as an oxidant. It is mainly used as
an oxidant in the mining industry for the production of gold and uranium.
• Consumption of hydrogen peroxide depends upon ore composition, as well as the leaching conditions. Knowing the composition of the ore helps save the amount
of eluents and acids used, and simplifies management of chemicals or waste, and improves the overall process control.
• Uranium is naturally available in the form of tetravalent or hexavalent oxide minerals i.e., uraninite or pitchblende. In the acidic or alkaline media tetravalent,
uranium has very little solubility. Thus, for optimum uranium recovery, oxidation to the soluble hexavalent state is of great importance. Trivalent iron compounds are
usually used to augment uranium’s oxidation state.
• It is used in the regeneration of the active Fe (III) ions in the eluent. In recent times, the cyanidation process is extensively used for gold production, which involves
the leaching of gold comprising ores by diluting aqueous cyanide solutions in the presence of lime and oxygen.
• Hydrogen peroxide is added to increase the total oxygen concentration during the leaching process in the system and to promote deeper leaching by direct
oxidation. Moreover, toxic intermediates are not formed during the single-step cyanide oxidation. It is also commonly used to remove cyanides from wastewater in
the downstream side.
• Furthermore, Canada and Mexico are anticipated to show a robust growth due to increasing mining activities in these regions, which is expected to further augment
the usage of hydrogen peroxide, through the forecast period.

5.2.4 MINING 75
Hydrogen Peroxide Market: Volume in kilo metric ton, Mining, Global, 2016-2023
128.09
105.23
101.31
97.55
2016 2017 2018 2023

Year

5.2.5 FOOD AND BEVERAGE 76
• Due to its significant chemical properties and biological degradability, hydrogen

peroxide is often utilized in many food processing applications. It is one of the Packaged Food Sales in USD billion, Global, 2014-2019
most extensively used peroxygen reagent for bleaching processes in the food
2,644.10
industry. 2700.00
2,578.90
• Many types of compounds are bleached with peroxygen‒natural oils, waxes, 2650.00
gums, natural sugars, and starches. Hydrogen peroxide is used as a color 2600.00
2,516.20
adjuster in materials, such as herring, instant tea, starch, cheese whey, tripe, or 2550.00
2,465.30
natural fatty acid emulsifiers to enhance the whiteness.
Sales in USD billion

2500.00
• Due to its anti-microbial and fungicidal activity, it is used for the preservation of 2450.00
2,348.90
2,339.70
natural proteins, carbohydrates, and milk in the production of cheese. 2400.00
2350.00
• Also, it is used in the production of various food additives in the food and
beverage industry. 2300.00
2250.00
• In addition, on-the-go lifestyles, longer working hours, longer commuting time,
2200.00
and less inclination toward preparing food have increased the demand for ready-
to-eat foods among the consumers. This has increased the demand for packaged 2150.00
2014 2015 2016 2017 2018 2019
food products, globally, which in turn is driving the market for hydrogen peroxide
Year
for applications in the food and beverage industry.
Source: Statista

5.2.5 FOOD AND BEVERAGE 77
Hydrogen Peroxide Market: Volume in kilo metric ton, Food and Beverage, Global, 2016-2023
170.85
140.24
134.93
129.92
2016 2017 2018 2023

Year

5.2.6 COSMETICS AND HEALTHCARE 78
• Hydrogen peroxide is used in cosmetics and personal care products as a

antimicrobial and oxidizing agent. It is mainly used to form dyestuffs during oxidative
hair dyeing or to oxygenate stains on teeth to increase whiteness.
Teeth Whitening Market: Revenue in USD Million,
• Hydrogen peroxide is used to lighten hair in the hair coloring process, due to its Global, 2016-2021
bleaching properties attained by the oxidative elimination of the brown-black 3900
melanins. 3780.01
3800
3700
• Hydrogen peroxide, as well as carbamide peroxide (urea-H2 O2 complex), are the
3600
primary bleaching components in the tooth whitening products, such as pastes or
gels. The aforementioned chemicals impart whiteness in the teeth by removing 3500
stains through oxidation. 3400
3300
• Hydrogen peroxide topical solutions (3wt%) are widely used in medicine, as an
3200 3150.01
antiseptic for wound treatment and for soft contact lens disinfection.
3100
• The Latin American market for the cosmetics segment is expected to remain one of
3000
the most attractive markets. The presence of a large proportion of younger
2900
population, along with the increasing consumer incomes in the region are boosting
2800
the demand for personal care products, in turn, having a positive impact on the 2016 2021
consumption of hydrogen peroxide. Source: Statista

5.2.6 COSMETICS AND HEALTHCARE 79
Hydrogen Peroxide Market: Volume in kilo metric ton, Cosmetics and Healthcare, Global, 2016-2023
368.65
300.80
289.12
277.97
2016 2017 2018 2023

Year

5.2.7 TEXTILE 80
• Hydrogen peroxide is used as a bleaching agent for the treatment of natural and
synthetic fibers (cotton, wool, silk, linen, and rayon).
Production Volume in thousand metric ton, Textile,
Global, 2011-2016
• It conserves the mechanical properties of the textile fibers, along with imparting a
120,000
98,500.00
95,100.00
high degree of brightness to them. The bleaching of textiles using hydrogen
90,800.00
89,900.00
peroxide is generally carried out in an alkali medium.
86,600.00
83,000.00
81,000.00
100,000
Production Volume in thousand metric ton

• The fiber that is bleached by hydrogen peroxide, globally, is cotton. About 80-
90% of all cotton fabrics are bleached with hydrogen peroxide.
80,000
• Typically, bleaching with 0.3-0.6wt% solutions of hydrogen peroxide at a pH of

10.5-11.5 is carried out for 1-3 hours, at a temperature of 90-95°C. 60,000
• China, India, EU-28, the United States, etc., are the major producers of textile,
and a continuous upward trend in the production was observed in the past five 40,000
years. It is expected to increase at a moderate rate during the forecast period.
20,000
• In countries, like India and China, the textile industry has higher percentage
consumption of hydrogen peroxide in the overall market than in countries, like
the United States and Germany. 0
2011 2012 2013 2014 2015 2016 2017
Year
Source: Statista

5.2.7 TEXTILE 81
Hydrogen Peroxide Market: Volume in kilo metric ton, Textile, Global, 2016-2023
756.79
619.93
596.09
573.22
2016 2017 2018 2023

Year

5.2.8 ELECTRONICS AND SEMICONDUCTORS 82
• In the electronics industry, hydrogen peroxide is either used by itself or mixed with
sulphuric acid to pickle copper (in microelectronics).
• It is also extensively used in the manufacturing of semiconductors as an oxidizing

and cleaning agent. It is also used in making printed circuit boards as an etchant. Hydrogen Peroxide Market: Volume in Kilo metric ton,
Electronics and Semiconductors, Global, 2016-2023
• In semiconductor manufacturing, due to its high performance, it is used in common
74.55
cleaning and surface conditioning sequences, such as photoresist stripping, post-
Volume in Kilo metric ton

58.73 61.01
56.54
resist strip cleaning, and residue removal.
• Hydrogen peroxide is the most preferred etchants, as it is less expensive, effective,

and generates less waste disposal issues.
• Hydrogen peroxide-based copper etchants are also used in making LCD displays,
2016 2017 2018 2023
which are replacing the aluminum etchants, due to their low costs and ability to
Year
recover copper from a peroxide etchant solution.
• Increasing market penetration of high-end electronics products, such as HDTVs and
tablets are increasing the usage of hydrogen peroxide in the Asia-Pacific region.

5.2.8 ELECTRONICS AND SEMICONDUCTORS 83
• Germany is the largest market for electronics in Europe and ranks 5th, globally,
in terms of sales. The country’s electronics industry is heavily focusing on
R&D for the development of innovative sensors and measurement Electronics Industry Turnover in EUR billion,
technologies in the coming years. This is expected to support the usage of Germany, 2009-2017
250
hydrogen peroxide in the country.
• In Italy, the demand for consumer electronic appliances has been sustained by 200 191
178 179 182
an economic recovery in 2017, political stability, and the incentives promoted 170 167 172
164
by the government: Consumers who want to reform their dwelling can benefit 145
150
from the Ecobonus, which helps in tax reduction, after the purchase of energy-
efficient large consumer appliances. 100
• The aforementioned factors are expected to augment the demand for

50
hydrogen peroxide in the electronics and semiconductors segment in the
coming years.
0
2009 2010 2011 2012 2013 2014 2015 2016 2017
Source: ZVEI

5.2.9 OTHER END-USER INDUSTRIES 84
Hydrogen Peroxide Market: Volume in Kilo metric ton,

Other End-user Industries, Global, 2016-2023
• Other applications include - various uses in the transportation industry and aseptic 16.28
packaging.
• It is also used as a substitute for environmentally harmful fluonitric blends in treating 13.40
12.95
12.52
stainless steel, zirconium, titanium, etc.
Volume in Kilo metric ton

• Additionally, hydrogen peroxide is used in detergents and cleaning agents for home
and personal use textile. High-concentration hydrogen peroxide is used as a
propellant in the rocket engines.
2016 2017 2018 2023

Year

85
11. SEGMENTATION BY GEOGRAPHY
6.1 Asia-Pacific
6.2 North America
6.3 Europe
6. REGIONAL MARKET ANALYSIS
6.4 South America
6.5 Middle East & Africa (MEA)

6. REGIONAL MARKET ANALYSIS 86
Hydrogen Peroxide Market: Volume in kilo metric ton, by Region, Global, 2016-2023
3000.00
2500.00
2000.00
Volume (kilo metric ton)
1500.00
1000.00
500.00
0.00
2016 2074.02 745.87 965.14 368.62 162.73
2017 2155.94 772.39 999.02 382.41 168.49
2018 2242.61 801.48 1034.28 396.86 174.52
2023 2755.45 974.72 1251.08 486.24 213.56
Region

6. REGIONAL MARKET ANALYSIS 87
Hydrogen Peroxide Market: Revenue in USD million, by Region, Global, 2016-2023
2000.00
1800.00
1600.00
1400.00
1200.00
Revenue (USD million)
1000.00
800.00
600.00
400.00
200.00
0.00
2016 1486.33 370.20 391.83 194.53 81.53
2017 1531.66 380.33 401.43 200.19 83.76
2018 1578.22 390.39 411.11 205.89 86.05
2023 1835.56 441.51 463.57 236.92 99.45
Region

HYDROGEN PEROXIDE MARKET: CAGR FOR VOLUME (%), BY REGION, GLOBAL, 2018-2023 88
Europe 3.88%
3.99% North Asia-

America 4.20%
Pacific
4.15% South
Middle
America
East & 4.12%
Africa

HYDROGEN PEROXIDE MARKET: CAGR FOR REVENUE (%), BY REGION, GLOBAL, 2018-2023 89
Europe 2.43%
2.49% North Asia-

America 3.07%
Pacific
2.85% South
Middle
America
East & 2.94%
Africa

90
6.1.1 China
6.1.2 India
6.1.3 Japan
6.1 ASIA-PACIFIC 6.1.4 South Korea
6.1.5 ASEAN Countries
6.1.6 Taiwan
6.1.7 Rest of Asia-Pacific

6.1 ASIA-PACIFIC 91
Hydrogen Peroxide Market: Volume Share (%), by Country, Hydrogen Peroxide Market: Volume Share (%), by Country,
Asia-Pacific, 2018 Asia-Pacific, 2023
0.91% 0.91%
4.26% 4.28%
1.13%
13.95% 1.14% 13.76%
China China
India India
0.75% 0.74%
Japan Japan
South Korea 9.29% South Korea

9.27%
ASEAN Countries ASEAN Countries
Taiwan Taiwan
Rest of Asia-Pacific Rest of Asia-Pacific

69.90%
69.71%

6.1 ASIA-PACIFIC 92
by Country, Asia-Pacific, 2018 by Country, Asia-Pacific, 2023
0.80%
3.07%
3.03%
16.69% 0.78% 16.65% 0.79% 0.79%
China China
India India
0.45% 0.45%
Japan Japan
5.33% South Korea
5.41% South Korea
ASEAN Countries ASEAN Countries
Taiwan Taiwan
Rest of Asia-Pacific Rest of Asia-Pacific

72.92%
72.84%

6.1.1 CHINA 93
• In Asia-Pacific, China is the largest economy, in terms of GDP. The annual growth rate of Chinese GDP was 6.9% in 2016, and it is further expected to increase to
6.8%, in 2017. The growth in the country remains high, but is gradually diminishing as the population ages. The economy is rebalancing from investment to
consumption, manufacturing to services, and external to internal demand.
• China is the largest pulp and paper producing nation in the world, as a result of its large forest reserves (22.5% of the land area). The industry is modern and highly
mechanized, and the labor is inexpensive. Due to government afforestation initiatives, forest cover is increasing in China. While this is a positive sign, there are
concerns regarding social and environmental issues. As the largest wood importer in the world, with complex and opaque supply chains, significant challenges are
also present.
• China is a hub for chemical processing, accounting for a major chunk of the chemicals produced, globally. With the increasing demand for various chemicals
globally, the demand for hydrogen peroxide from this sector is projected to grow during the forecast period.
• China has increased focus and efforts toward combating the high levels of environmental pollution in the country and the 13th Five Year Plan targets this issue. In
2015, the government published the Water Pollution Prevention and Control Action Plan, aiming to halt heavily polluting sectors from contaminating water sources.
However, China’s most recent environmental report remains negative, suggesting that 61.5% of groundwater and 28.8% of key rivers were classed as ‘not suitable
for human contact’. For China, to reverse the state of severe water pollution, high-grade wastewater treatment technologies are in great demand, thereby increasing
the demand for hydrogen peroxide in the country.
• The Chinese food and beverage industry is enormous and plays an important role in the country’s economy. It is expected to continue to expand because of the
increasing middle-class population with more purchase power and increasing attention toward food safety and quality.
• The Chinese textile industry is also booming with increasing investments and government support from the 13th Five Year Plan. Investments in the country’s textile
industry increased by 51% in 2016, because of the cheaper electricity rates, transportation subsidies, and lower raw cotton prices.

6.1.1 CHINA 94
• China is home to various mining operations, with more than 10,000 mining fields in the country, as of 2017. China majorly extracts gold, coal, and other minerals.
The country was the largest producer of gold, with 463.7 metric ton production in 2016, despite having relatively small number of reserves.
• China is the largest producer and consumer of coal and has the third-largest coal reserves in the world. Coal is primarily consumed for the country’s energy needs.
• China is also the largest rare-earth minerals producer, with a production of 105 thousand metric ton, in 2016. It is also a major iron steel producer, accounting for
about 50% of the world’s pig iron and crude steel production. With the growth in the mining industry, the demand for hydrogen peroxide is expected to increase
during the forecast period.
• The electronics industry in China is the largest in the world. Electronic products, such as smartphones, OLED TVs, tablets, etc., have the highest growth in the
market in the consumer electronics segment. With the increase in the disposable income of middle-class population, the demand for electronic products is projected
to grow in the near future, thereby driving the hydrogen peroxide market.
• Hence, with the growth in the various end-user sectors in the country, the demand for hydrogen peroxide is expected to increase in the future.

6.1.2 INDIA 95
• India is a growing economy and holds great potential for future market opportunities. Its GDP is expected to increase by over 7% during 2018. Despite
demonetization and GST reforms negatively affecting the national production volume, the impact of such reforms is slowly waning. Moreover, the Indian government
has been taking initiatives to attract FDI in the manufacturing sector to make India a manufacturing hub. The government is targeting an increase in GDP by the
manufacturing sector, from 16% to 25% by 2022.
• India is ranked 15th in the paper-producing nations. Domestic production of paper has increased substantially in the past few years, due to the establishment of new
factories. Currently, around 60% of the annual demand is met by the local factories. In the Union budget of 2016, basic customs duty (BCD) on wood chips or
particles for manufacture of paper, paperboard, and news print was removed.
• The Indian paper industry has become more promising, as the domestic demand is on the rise. Increasing population, literacy rate, and improvements in the
manufacturing sector are expected to augment the growth in the Indian paper industry. The focus of the paper industry is currently shifting toward more eco-friendly
products and technologies.
• India's refinery and petrochemical capacity is about 4,620 thousand barrels per day, which amounts to 4.7% of the world’s refining capacity. The demand for
petrochemicals has been increasing. Reliance Industries, in India, is planning to expand the capacity of its dual refinery complex in Gujarat from 30 million metric
ton to 100 million metric ton, by 2030.
• In addition, water and waste treatment activities are also increasing rapidly in India. Recently, Xylem had secured a USD 1 million order to supply advanced
wastewater treatment technology to a sewage treatment plant in Madhya Pradesh, central India. The new plant is being developed to accommodate rapid industrial
growth in the city of Sehore, Madhya Pradesh.
• The Indian textile industry is estimated to register a CAGR of 8.2% during the forecast period. The Indian government has announced to invest INR 690 crore (USD
106.58 million) for setting up 21 ready-made garment manufacturing units for the development and modernization of the Indian textile sector.

6.1.2 INDIA 96
• The demand from the food and beverage industry is not expected to increase at a good pace, because of GST tax reforms in India. Approximately 40% GST on
beverages is hampering the entire ecosystem of farmers, retailers, distributors, and bottlers in India. However, increasing investments in the food processing
industry is expected to provide opportunities for the hydrogen peroxide market.
 The Indian ministry of food processing industries signed in-principle agreements with 13 global players at the World Food India 2017 event in New Delhi.
According to the agreement, these companies are expected to invest more than USD 10 billion over the next few years.
• The Indian medical sector is benefiting from the increasing population, that is growing at a rate of 1.6% per year.
 An ageing population of over 100 million, coupled with incidences of lifestyle-related diseases, such as sugar, diabetics, etc., have been increasing the
demand for better healthcare facilities in the country. The country has also become a key destination for high-end diagnostic services, along with increasing
capital investments for advanced diagnostic facilities. These factors are expected to increase the usage of hydrogen peroxide in the country in the near
future.
• The consumption of cosmetics in India has been increasing among the teenagers to the middle-aged consumers, because of the increasing desire to “look good”.
 The cosmetics and personal care industry is one of the fastest-growing consumer product sectors in India. The industry in the country has observed
continued strong growth, with increasing shelf space in retail stores and boutiques.
• All the aforementioned factors, coupled with government support, are contributing to the increasing demand for hydrogen peroxide consumption in India.

6.1.3 JAPAN 97
• In 2016, the GDP of Japan increased to 4.93 trillion USD from 4.38 trillion USD in 2015. The major industries contributing to the economy are the automotive and
transportation, consumer electronics, and construction, among others.
• The Japanese pulp and paper sector is a key part of the Japanese economy, with the country being the third-largest producer in the world. The exports of paper and
paperboard from the country increased by 15.8% to reach 1.58 million metric ton in 2017. The main export destination was China, with increasing demand for
cardboard boxes for e-commerce. Meanwhile, the domestic market for the paper and paperboard industry is shrinking, due to the ongoing rise of digital media.
• The healthcare industry of Japan has significant opportunities for growth, due to the increasing demand from the aging population. The United States is one of the
leading exporters of medical products to the country. Moreover, increasing entry of companies, like Sun Pharma, which is into the manufacturing of medicine and
drugs, is expected to contribute to the demand for hydrogen peroxide in the country.
• Japan is the fourth-largest consumer of oil, globally, with a refinery capacity about 3,600 thousand barrels per day (3.7% of the global refining capacity). In 2016,
due to the regulations released by the Ministry of Economy, Trade, and Industry (METI), the five major oil companies in Japan cut their domestic refining capacity by
10%. The reduction in the chemical processing capacity of the country may affect the growth of the market studied in the country.
• The Japanese water treatment industry is quite mature, and is expected to witness a slow growth during the forecast period.
• Ranking second in the world, the Japanese cosmetics market is one of the most attractive markets in the world. Japan has a mature and sophisticated economy
with the highest retail prices for cosmetics, making it an outlet of great opportunity for many global brands. The Japanese cosmetics market has been driven by the
consumer demand for skin care cosmetics.
• The cotton textile industry plays a vital part in the national economy of Japan. The higher demand for Japanese goods is boosting the demand in the manufacturing
industry. The adoption of latest technologies is boosting the demand in the textile industry.

6.1.3 JAPAN 98
• Japan has already achieved a strategic advantage in electronic production and process technologies. The country’s continuous perfecting of its electronics
manufacturing systems has enabled it to attain market leadership in the region. The country is a main competitor of the United States, in terms of semiconductor
manufacturing, and is home to Sony and Toshiba, which are top companies in the electronics industry.
• According to the Japan Electronics and Information Technology Industries Association (JEITA), the production of display, server, storage equipment, electro-medical
equipment, and electronic measuring equipment is increasing at a steady pace on an Y-o-Y basis. The growth in the electronics industry is expected to increase the
usage of polymer microsphere during the forecast year.
• Hence, such positive growth trends are anticipated to drive the market studied in the country.

6.1.4 SOUTH KOREA 99
• South Korea is a highly export-oriented economy. The economy of the country observed a moderate growth in 2016, supported by a supplementary budget and low
interest rates. The growth is projected to increase from 2.75% in 2016-17 to 3% in 2018. Inflation is projected to converge to the Central Bank's 2% target by 2018,
and the current account surplus is likely to remain at 6.5% of GDP.
• The South Korean pulp, paper, and paperboard market registered a growth of 2% in 2016. However, the exports registered higher growth rates, due to the increasing
demand from importing countries.
• South Korea was the 13th-largest market for the US exporters of textiles and apparel and the 12th-largest market for technical textiles in 2015. The country is
estimated to rely on the export-generated growth and continued demand for FDI and technology advancements. It is expected to become the world’s fourth-largest
export country in textiles and increase its production by 63% by 2022. The increasing textile production in the country is projected to augment the growth of hydrogen
peroxide for bleaching applications in the coming years.
• South Korea has some of the largest and most advanced oil refineries in the world. Oil and natural gas companies are investing, exploring, and seeking new
opportunities to improve the country’s energy security, thus, driving the market studied. South Korea is one of Asia’s largest exporters of petroleum products. The
presence of the largest oil refineries is expected to drive the market studied.
• The South Korean government’s Ministry of Environment (MoE) announced the Water Environment Management Master Plan of 2016-2025 in December 2016. The
goals of the 10-year plan are set in order to promote and ensure a healthier water environment in agricultural and fishing villages, high-quality water treatment
systems, and smart water management systems. Various government initiatives for wastewater treatment are expected to drive the market during the forecast period.
• The South Korean cosmetics market ranks eighth in the world, representing nearly 3.0% of the global market. Functional cosmetics, which currently comprise of
whitening, anti-wrinkle, and sunscreen and tanning products, are expected have more presence, as 13% of the Korean population is middle aged. Cosmetic products,
that feature dermatological benefits, are expected to increase in number, especially due to the concept of preventative care. In addition, ceramide cosmetics and anti-
pollution cosmetics are expected to witness a robust growth.
• Therefore, with the growth of various industries, the demand for hydrogen peroxide is expected to witness a boost in the country during the forecast period.
6.1.5 ASEAN COUNTRIES 100
• The Association of South East Asian Nations (ASEAN) includes Thailand, Indonesia, Vietnam, Philippines, Malaysia, Singapore, Myanmar, Cambodia, Laos, and
Brunei. A GDP growth rate of 4.8% was observed for the overall ASEAN region, which is expected to grow at the same pace in the next two years.
• The macro-economic condition of the ASEAN region is expected to project a strong growth in the coming years. The region bounced back strongly in 2016, as the
growth surpassed the past six-year’s record, due to the boost in economies of Malaysia, Singapore, and Vietnam in the last two quarters of 2016. The recent
increase in the commodity prices has created a favorable atmosphere for the regional exports.
• The pulp and paper industries in Vietnam, Malaysia, and Indonesia are key sectors in the forest industry, and are growing with large focus on exports in the region.
The increase in forest cover, in general, is a positive trend. However, there are concerns regarding natural forest conversion to plantations.
• The textile and apparel industry in Indonesia accounts for a major share in the country’s GDP. It is the largest producer and exporter of ready-made garments and
home fashion textiles in the ASEAN region.
• Countries, like Indonesia and Malaysia, are home to mining and metallurgy industries in the region. The increasing demand for various minerals has led to an
increase in mining operations and is likely to contribute to the demand for hydrogen peroxide in the region.
• Electrical and electronics manufacturing is one of the most prominent sectors in the ASEAN region. The sector accounts for nearly 30-35% of the total exports of the
region. A majority of the global consumer electronic products, such as television, radio, computers, and cellular phones, are manufactured and assembled in ASEAN
countries.
• Thailand, Malaysia, and Vietnam are the key manufacturing hubs for electrical and electronics products in the global market. Thailand is the largest production base
for electrical appliances in ASEAN. Thailand is also the second-largest producer of air conditioning units and the fourth-largest producer of refrigerators, globally.

6.1.5 ASEAN COUNTRIES 101
• The ASEAN countries hold significant market for processed food and beverages. This is a result of the rising middle-level incomes and inexpensive labor in the
ASEAN countries.
• Governments of various ASEAN giants, such as Indonesia, Thailand, and Singapore, are more focused toward taking pro-measures to maintain the flow of growth
through various investment policies. Hence, with growth in such vast sectors in these developing and developed economies, the market for hydrogen peroxide is
likely to benefit during the forecast period.

6.1.6 TAIWAN 102
• The economy of Taiwan has witnessed a growth in 2018, owing to the increasing foreign direct investments and increasing trade activities. The data from Taiwan’s
Directorate-General of Budget, Accounting and Statistics (DGBAS) estimates that the GDP growth is likely to remain at 2.4% in 2018.
• The chemical production in Taiwan experienced a growth in 2017-18, with the production value expected to exhibit a growth of 4.88%, as compared to the previous
year, to reach a value of nearly NTD 4.68 trillion (USD 150 billion). This growth is mainly being driven by the increasing production of fine chemicals and specialty
chemicals for domestic applications.
• The wastewater treatment resources in Taiwan are underdeveloped, majorly due to the lack of proper sewage network in the country. The growing industrial
production and expanding manufacturing activities in the country are expected to increase the requirement of wastewater treatment facilities, in turn, augmenting
the demand for hydrogen peroxide.
• The electronics and semiconductor industry in Taiwan is among the leading markets around the world. The production of semiconductors in the country was
estimated to have increased by over 7% during 2017 (according to the Industrial Economics and Knowledge Center). Increasing production of integrated circuits
for artificial intelligence and mobile phones are the driving factors for the growth of the semiconductor market in the country. This further supports the consumption
of hydrogen peroxide used in the electronics sector.
• The consumption of packaged foods in Taiwan has been increasing at a healthy rate due to the changing lifestyles and increasing consumer incomes. Increasing
number of retail stores has been driving the sales of processed foods in the country.
• The food processing industry in Taiwan accounted for a value of nearly USD 18.4 billion of processed food and drinks. The production and supply of frozen
seafood and dairy products in the country are expected to further drive the food and beverage sector in the country.
• Owing to the aforementioned factors, the consumption of hydrogen peroxide is expected to witness a healthy growth during the forecast period.
• Chang Chun Group, Santoku Chemical Industries Co. Ltd., and Nan Ya Plastics are the major producers of hydrogen peroxide in Taiwan.

6.1.7 REST OF ASIA-PACIFIC 103
• Rest of Asia-Pacific includes Australia & New Zealand, Pakistan, Nepal, Bhutan, North Korea, Bangladesh, and Sri Lanka, among others.
• The GDP of New Zealand grew at a rate of 3.9% during 2016, from USD 175.6 billion in 2015 to USD 185 billion in 2016. Similarly, Australia witnessed a 2.8%
growth in its GDP, in 2016. These countries have been experiencing moderate growth and are initiating the development of their industrial sectors.
• The paper industry is expanding in Australia, and is expected to witness on an average 12% growth in the upcoming years, primarily driven by the packaging sector
in the food industry. New Zealand is also a large consumer of papers, with a consumption of around 182.4 kilograms per capita every year.
• Mining is one of the major contributors to the Australian economy. The country’s mining sector benefits from stable environment regulations, low sovereign risks,
access to highly skilled workforce, and world-leading technologies. Moreover, the aforementioned factors have resulted in the lowest cost for mining operations in
Australia. With the increase in mining activities in the country, the demand for hydrogen peroxide is expected to increase at a large scale in Australia during the
forecast period, therefore, benefitting the overall market to a great extent.
• In Australia, technological and product innovations in the electronic device and appliance market, such as ultra-high definition televisions, wearable electronics,
smartphones, among others, are expected to drive the demand for hydrogen peroxide from the electronics sector. However, the market for consumer electronics
witnessed around 1% fall in demand in 2016. The revenue from the consumer electronics segment amounted to around USD 1.87 billion during 2017.
• Pakistan’s textile industry has been a major sector contributing to the country’s GDP. The use of hydrogen peroxide is likely to increase in the textile industry in the
country, due to increasing investment in the textile sector during the forecast period. Chinese businessmen have announced to invest USD 300 million in the
country’s textile sector, by forming joint ventures with various local companies.
• Thus, the expected growth in various industries in the ASEAN countries is expected to boost the demand for hydrogen peroxide during the forecast period.

104
6.2.1 United States
6.2.2 Canada
6.2 NORTH AMERICA
6.2.3 Mexico
6.2.4 Rest of North America

6.2 NORTH AMERICA 105
Hydrogen Peroxide Market: Volume (%), by Country, Hydrogen Peroxide Market: Volume (%), by Country,
North America, 2018 North America, 2023
4.07% 4.07%
8.16% 8.33%
United States
13.71% 13.75% United States

Canada
Canada
Mexico
Mexico
Rest of North America
Rest of North America
74.06% 73.85%

6.2 NORTH AMERICA 106
Hydrogen Peroxide Market: Revenue (%), by Country, Hydrogen Peroxide Market: Revenue (%), by Country,
North America, 2018 North America, 2023
4.43% 4.44%
7.64% 7.73%
12.28% 12.38%
United States United States
Canada Canada
Mexico Mexico
Rest of North America Rest of North America
75.65% 75.46%

6.2.1 UNITED STATES 107
• United States is the world’s largest and most powerful economy with a per capita income of USD 55,900. The economy’s growth rate was 2.8% in 2017, and is
expected to increase to 4.2% in 2018.
• United States is the second-largest producer of paper, globally, followed by China. The world’s largest pulp and paper mill is located in Memphis, Tennessee and is
owned by International Paper. The country also exports large amounts of pulp and paper-related products to various countries, globally. The demand for hydrogen
peroxide from the pulp and paper industry is projected to increase through the forecast period.
• The American textile industry ranks third, after China and India, in the global market, with a reported USD 26.3 billion of textile exports in 2016, consisting of yarns
and fabrics from raw materials, such as cotton and man-made fibers. The textile industry in the country, on the whole, has shown a positive trend, due to the
increasing technical textile demand from various end-user industries.
• The US pharmaceutical industry was worth more than USD 446 billion in 2016. The industry is growing at a rapid rate. According to the Centre of Medicare &
Medicaid Services (CMS), the US healthcare spending is projected to increase by an average of 5.6%, annually, over the next decade. The total healthcare
spending increased by 4.8% in 2016, in comparison to 2015.
• Owing to the rapid pace of innovation in the advancement of technology and R&D activities in the electronics industry, there is a high demand for newer and faster
electronic products. There is a spur in the number of manufacturing plants and development centers in the United States, focusing on high-end products, which is
expected to boost the demand for hydrogen peroxide over the forecast period.
• The ‘Resource Conservation and Recovery Act’ monitors and reviews all such actions. In addition, the Clean Water Act too requires mining operations to meet
standards for surface water quality and for controlling discharges to surface water. A resurgence in the manufacturing sector is creating a demand for industrial
wastewater treatment, given the rising need for water conservation and stringent environmental regulations. This, in turn, has increased the need for water
treatment operations, thereby, driving the hydrogen peroxide market.
• With the increasing consumption from various end-user industries, the hydrogen peroxide market is expected to grow during the forecast period.

6.2.2 CANADA 108
• Canada is a high-tech industrial country. The GDP of the country had a growth rate of 1.5% in 2016, with a GDP per-capita income of USD 44,000. Due to the
lucrative business policies for the domestic and global markets, and a strong R&D infrastructure across the country, the manufacturing industries in the country are
growing at a rapid rate.
• Business investment, government expenditure, and consumer spending, are all providing momentum for the continued growth of the country’s economy.
• In 2016, the pulp and paper industry contributed an amount of CAD 7.19 billion to the real gross domestic product (GDP) of the country, a slight decrease, when
compared to the previous year. However, the industry is expected to recover during the forecast period.
• Moreover, the Canadian food processing industry contributes approximately 2% to the country’s GDP. It is the second-largest manufacturing industry in the country.
Canada exports processed food to 190 countries. The growth in these sectors is expected to contribute to the demand for hydrogen peroxide in the country.
• In addition to the existing wastewater treatment plants in Canada, ongoing advances are taking place in the country, such as the expansion of existing wastewater
sewage treatment plants in Ontario and establishment of new sewage treatment plants in Quebec and British Columbia.
• Mining and metallurgy is also a key industry of the country. Canada supplies over 60 metals and minerals to different countries.
• The Canadian cosmetic industry has been exhibiting steady growth, with new product introductions in the market. The introduction of multi-purpose cosmetic
products is estimated to boost the demand for the market studied.
• The textile industry witnessed limited growth in 2017, due to decline in local textile production. Though the textile market size increased from USD 5,475 million in
2016 to USD 5,480 million in 2017, local production declined from USD 2,135 million in 2016 to USD 2,100 million in 2017. The decline was primarily due to the
decrease in demand for general apparel textiles and a move toward technical textiles that rely more on technology. This is expected to limit the usage of hydrogen
peroxide in textile fibers for a few years.
• With the Industrie 2030 strategy, along with government’s interest in fostering business investment, it is expected that the manufacturing sector will grow in the
country, which in turn, is likely to drive the demand for hydrogen peroxide.

6.2.3 MEXICO 109
• The GDP growth rate of Mexico expanded by 0.7% in Q1 2017, and is expected to increase at a slow pace in 2018. The country is the second-largest export market
and third-largest source for imports in the Unites States. Sound macroeconomic policies and ambitious structural reforms have ensured the resilience of the highly-
open Mexican economy, amidst challenging global conditions.
• However, the Mexican economy witnessed record-low levels in January 2017, due to the US presidential election, worsening the growth outlook. Thus, the
investments have decreased owing to uncertainty surrounding the US-Mexico relations. Industrial output remains subdued.
• The Mexican pulp and paper industry has been growing and is attracting foreign investments in the sector, as the demand increases. A number of multi-national
paper companies now operate in Mexico, including International Paper, Kimberly-Clark, Smurfit Kappa, CMPC, and SCA. While a high percentage of recycled
material is used in Mexico, the pulp and paper industry currently relies upon imports of virgin fiber for its raw material inputs. This situation, however, is changing,
owing to increased foreign investment into the sector and the plantation industry.
• The Mexican healthcare industry has significant growth prospects. The manufacturing cost in the country is also lower by 18.6%, when compared to the United
States. Moreover, the companies are investing in the country for the production of drugs and medicines
• The textile industry is the fourth-largest manufacturing activity in the country, and accounted for 3.7% of the country’s total GDP, which includes the manufacturing of
threads, cloth, and decorations, both from natural and synthetic fibers. Focused government initiatives and the reviving global market demand are expected to boost
the textile industry further, over the next few years.
• The booming Mexican electronics industry, fueled by foreign investments in Mexico, continues to grow, as companies find advantages, like cheap labor that help
them compete in the global economy. In addition, firms that have longstanding manufacturing investments in Mexico plan to expand their presence, paving the way
for sustained growth of the market over the forecast period.
• Mexico houses more than 1,500 wastewater treatment plants. There is ongoing research in the country that suggests the government’s major focus on developing
municipal wastewater treatment plants, mostly in the urban areas, which is expected to augment the market. Due to the aforementioned factors, the demand for
hydrogen peroxide is expected to increase at a steady pace during the forecast period.

6.2.4 REST OF NORTH AMERICA 110
• Apart from the United States, Canada, and Mexico, the other countries that are likely to contribute to the growth of the market are Cuba, Puerto Rico, Costa Rica,
Panama, Guatemala, Jamaica, and others.
• Jamaica has a booming bauxite and alumina industry, which has a positive impact on the economy. With the country attracting potential investors for the growing
mining industry, the hydrogen peroxide market is expected to grow at a steady rate during the forecast period.
• In Puerto Rico, the demand for hydrogen peroxide is observed from the processing, textiles and clothing, and other industries.
• The gross domestic product (GDP) in Cuba was worth USD 87.13 billion in 2015, and that of Guatemala was USD 87.13 billion in 2016. These countries contribute
very little to the market demand, and are expected to grow at a decent rate during the forecast period.
• Cuba seeks to revive its mining industry with the opening of new lead and zinc mines in the northwestern parts of the country. Additionally, there have been
increasing number of mining projects in Cuba. For instance, Anaconda Mining Company initiated drilling for the second stage of an expanded 7,000-metre diamond
drill program at its Goldboro Project in Nova Scotia.
• Due to the increasing demand from different end-user industries in different countries, the demand for hydrogen peroxide is expected to increase at a steady pace in
the region during the forecast period.

111
6.3.1 Germany
6.3.2 United Kingdom
6.3.3 Italy
6.3 EUROPE
6.3.4 France
6.3.5 Nordic Countries
6.3.6 Rest of Europe

6.3 EUROPE 112
Hydrogen Peroxide Market: Volume (%), by Country, Hydrogen Peroxide Market: Volume (%), by Country,
Europe, 2018 Europe, 2023
17.35% 17.65%
Germany
Germany
33.11% United Kingdom 32.73% United Kingdom
5.42% Italy 5.50% Italy
France France
10.59% Nordic Countries Nordic Countries

10.62%
Rest of Europe Rest of Europe
11.37% 11.35%
22.16% 22.15%

6.3 EUROPE 113
Hydrogen Peroxide Market: Revenue (%), by Country, Hydrogen Peroxide Market: Revenue (%), by Country,
Europe, 2018 Europe, 2023
18.88% 19.02%
31.56% 31.39%
Germany Germany
United Kingdom United Kingdom
5.97% 6.04%
Italy Italy
France France
Nordic Countries Nordic Countries
10.40% 10.36%
Rest of Europe Rest of Europe
10.57% 10.55%
22.62% 22.64%

6.3.1 GERMANY 114
• The German economy is the largest in Europe and fifth-largest in the world. In 2016, the GDP of Germany was over USD 3,466 billion, which represented
5.59% of the world’s economy.
• The paper industry in the country also witnessed year-on-year growth of about 3.4%. Moreover, the rise in the demand for paper packaging in food products,
due to health and environmental concerns, has also provided growth prospects to the paper industry.
• The German textile and fashion industry has an annual turnover of around EUR 32 billion (60% textiles and 40% clothing) in 2016, with an increment of 0.2%,
since 2015. Sales rate of textiles has increased by 2.9% and that of clothing decreased by 3.8%, since 2015. The textiles and clothing industry is the second-
largest consumer goods industry in Germany. The increasing demand for technical textiles is expected to drive the market, substantially, in this region.
• On an average, Germany’s mining industry mines nearly 800 million metric ton. This majorly constitutes sand and gravel, crushed rock, and lignite.
Additionally, the increase in mining activities in the country is expected to positively impact the market for hydrogen peroxide.
• Germany has an exceptionally high export rate of about 40%, from its textile and clothing industry. Also, it has been estimated that technical textiles used in
various high-tech products generated a revenue of about 40% in 2016. Integration of technology and smart textiles (technical textiles) for medical, automotive,
aerospace, and construction applications provide long-term growth, supporting the regional industrial growth. It was estimated that about 24% of the technical
textiles produced in Europe, are produced in Germany.
• With sales in excess of EUR 13.1 billion in 2016, up by 1.6% from the previous year, Germany remains Europe’s largest cosmetics market. For Europe,
Germany’s per capita annual spending on cosmetics is relatively high, at EUR 153/year, with high consumer interest in premium cosmetics. Among the lead
growth drivers are product innovations and new product launches. Natural product lines and ones with high-added value, offering consumers good value for
money, are especially successful.

6.3.1 GERMANY 115
• Hydrogen peroxide is also used substantially for industrial waste and sewage treatment purposes. Germany has the largest market for industrial wastewater
treatment in Europe, with almost 3,000 treatment plants in around 12,000 discharging companies. More than 920 million cubic meters of industrial wastewater is
treated annually in the country, before being discharged.
• With increasing demand from major end-user industries, the market for hydrogen peroxide is projected to grow during the forecast period.

6.3.2 UNITED KINGDOM 116
• In 2016, the United Kingdom witnessed a sluggish economic growth of approximately 1.8%, with about 0.1% fall in inflation and 5.3% unemployment. The country
witnessed an increase in consumer spending, export, and public investment. Post-BREXIT voting, the United Kingdom economy witnessed a downturn, due to the
depreciation of pound against Euro and this affected all the major markets.
• The UK pulp and paper industry witnessed a slow growth during the past few years. The paper production in the country was estimated to be around 4 million metric
ton in 2016. The country is one of the largest markets for recovered paper. However, the industry is expected to recover during the forecast period.
• The value of British textiles industry is currently worth around EUR 9 billion, which is expected to rise during the forecast period. Market share of the British fashion
industry is worth GBP 66 billion. Around 1.7 million metric ton of British textiles are consumed every year, of which 1.1 million metric ton is clothing. The UK fashion
industry has been constantly receiving financial support from local governments, to encourage textile manufacturers. The Department for Business, Innovation, and
Skills (BIS) has invested in the Textiles Growth Programme, with EUR 12.8 million from round 4 of the Regional Growth Fund (RGF).
• United Kingdom is the largest European market for high-end consumer electronics products with about 18,000 UK-based electronics companies. The electronic
production grew by approximately 2.55% in 2016 and recorded a 3.7% growth in electronic output for export and 1.3% growth in output for the domestic market. The
demand for wireless speakers and wearable electronic devices registered a significant growth in the consumer electronics market, in 2017.
• Moreover, with the growing use of micro electronic devices and reducing size of electronics, the application of hydrogen peroxide has been increasing in the
electronics market as it holds high strength.
• The textiles growth programme, through the recent RGF Round 6, was awarded an additional GBP 19.5 million, to provide continued support to manufacturing
companies within the sector, until March 2017. This brings the total RGF funds awarded to the textile growth programme, in support of the UK textile industry, to
GBP 32.3 million. It is anticipated that these investments in textile manufacturing are likely to create 20,000 jobs in the United Kingdom by 2020.
• Thus, with the developing demand from end-user industries, the demand for hydrogen peroxide is expected to increase during the forecast period.

6.3.3 ITALY 117
• The Italian economy is the fourth largest in Europe, whose GDP grew by about 0.6%, in 2017. It was estimated to record a growth rate at 1.0% in 2016 and 1.2% in
2017.
• The paper industry in the country is coming back on the track of growth. The production in the country witnessed a growth of over 2% in 2015, due to an increase in
paper packaging and tissue. Moreover, in 2016, the trade surplus was about 4%, as the exports reached to 22%.
• The electronics industry in the country declined in the recent past. However, with the country’s investment in new technologies, electronics industry has been
recovering significantly. The electrical equipment accounted about 5.9% of the total exports in 2016. Between May 2016 and April 2017, the electronics segment
grew to EUR 14.2 billion, which translates into a 5.7% increase compared to the same period the year before.
• In 2016, Cosmetica Italia, the Italian association of cosmetic industries, stated that the domestic market grew by 0.7% in 2016, reaching a value of USD 10.7 million.
Facial anti-aging skin creams and lotions experience the highest sales. Strong potential exists also for polyvalent creams, innovative products focused on skin
impurities directed to problem areas (e.g., anti-aging and anti-wrinkle creams, cellulite treatments, etc.)
• With the industries, such as chemical processing, metallurgy and manufacturing, and municipal water treatment, among others, registering moderate growth over
the recent past, the need for water treatment has been increasing at a decent pace, which, in turn, has increased the consumption rate of hydrogen peroxide in the
country.
• Italian fashion products are known worldwide. The Italian textile industry employs around 405,000 workers in over 50,000 companies. The revenue from this
manufacturing sector was approximately (possibly slightly higher than) EUR 52.6 billion in 2016. The textile industry is also shifting from China to Italy, with more
European clothing manufacturers sourcing their wool to Italy. This transition is to reduce the transportation cost and timeline between orders and sales. In 2016,
Italy’s production of textile machinery increased by 5%, reaching a value of EUR 2.7 billion. This shift is expected to fuel up the demand for hydrogen peroxide in the
country.

6.3.4 FRANCE 118
• France is ranked third in Europe, after Germany and Italy, and sixth in the world after China, the United States, and Japan, in plastics conversion (3.4% of the
worldwide plastics industry turnover).
• The pulp and paper industry in France has registered a stable growth over the past few years. In 2016, the pulp & paper industry was valued at EUR 80 million. The
industry is expected to register a slow growth, due to the shrinkage of paper demand from printing and publishing industries. However, increasing e-commerce is
likely to fuel up the demand for paper packaging, which is likely to drive the pulp and paper industry.
• France has the one of world's largest beauty and personal care industry, with the highest number of employees in the cosmetics industry in the European Union.
There is a significant number of major international cosmetics firms in the country. With the largest domestic cosmetic market, the industry invests heavily in R&D and
product innovation. The country continues to be the largest exporter of cosmetic products in the world.
• In the electronic sector, the sales are driven by the demand for consumer electronics, including smart phones, 4G network, and tablets. Being one of the most
technologically advanced countries in the world, penetration levels of these products are incredibly high in French households, which is expected to increase the
demand for hydrogen peroxide market, for its application in the manufacturing of semiconductor devices.
• The country has over 15,000 water treatment and 17,000 wastewater treatment plants, which produce about one million metric ton of sludge. The sewer network is
also about 800,000 km wide. Growing EU purification standards have contributed positively to the hydrogen peroxide market in the country and are expected to
continue growing till 2023.
• The French textile industry has witnessed a significant growth. It is home to the world’s top fashion brands, including Chanel, Louis Vuitton, Christian Dior SE, Yves
Saint Laurent, and Lacoste. Apparel production in the country has witnessed a constant growth, owing to the presence of these companies. This factor has led to an
increase in demand for hydrogen peroxide from the textile industry in the country. With the increase in textile production, the market for hydrogen peroxide is
expected to witness a moderate growth during the forecast period.

6.3.5 NORDIC COUNTRIES 119
• The Nordic countries consist of Denmark, Finland, Iceland, Norway, and Sweden and their associated territories, which include the Faroe Islands,
Greenland, Svalbard, and Aland.
• The Finnish forest industry production is worth more than EUR 17 billion. The products of the pulp and paper industry account for two third and the wood
products industry for one third of it.
• The pulp industry is expected to boom in Finland with various collaborations and investment opportunities coming up, which, in turn, is likely to increase the
demand for hydrogen peroxide used for bleaching purposes. In October 2017, Metsä Group inaugurated bioproduct mill in Äänekoski in Finland to respond
to the increasing demand. Other major upcoming pulp and paper projects in Finland include, Finnpulp, Boreal Bioref, and KaiCell Fibers.
• The Swedish pulp and paper industry is booming with numerous investments lined-up by the major companies. Few investment include:
 Restructuring of Metsä Board Husum mill in Northern Sweden of worth USD 250 million.
 Capacity expansion at Södra Cell Värö pulp mill in Southern Sweden.
 BillerudKorsnäs Gruvön will get one of the biggest board machines in the world, courtesy of a USD 650 million investment.
• The Nordic countries are known for their high-quality food production, with Denmark leading from the front. Denmark, with a significant position in the
development of technology for the food industry, is one of the world’s largest exporters.
• The food and beverage industry in the region is the biggest manufacturing sector, in terms of both jobs and value. In the past decade, the exports of the food
and beverage industry almost doubled, reaching more than EUR 90 billion, in 2016. The European Commission is working toward the improvement of the
EU food sector through various trade negotiations and dialogues with third-world countries.

6.3.5 NORDIC COUNTRIES 120
• After a downfall over the past two years, the electronics industry in Norway improved significantly. This resulted in a boost in sales in the electronics
industry, majorly due to improved performance in new categories, such as televisions and wireless speakers. Hence, with this, the demand for hydrogen
peroxide is expected to increase from the electronics segment.
• All such aforementioned factors are expected to increase the consumption of hydrogen peroxide in the region during the forecast period.

6.3.6 REST OF EUROPE 121
• The major countries in the Rest of Europe, include Russia, Spain, Turkey, Slovakia, Ukraine, Greece, Hungary, the Netherlands, Belgium, and Czech Republic,
among others. The economies in these countries are rising moderately with sustainable growth rates.
• The Russian paper industry is among one of the largest in the world. The industry grew by 3.1% in 2015, with the production of 4,943.2 thousand metric ton. The
country has over 100 paper producers. Moreover, the federal government is investing in upgrading paper mills to improve the production process.
• Russia has a huge textile production market, owing to the presence of giant textile producers, such as Rodniki Textile, Bryansk, and Sverdlovsk. With the wide
range of usage of hydrogen peroxide for bleaching purposes in the textile industry, the demand for hydrogen peroxide is huge in Russia. In 2016, the textile and
clothing sector also grew by 4.2%, owing to the governmental support for enabling textile companies to plan for the long term and increase production levels.
• Russia is one of the leading producers of minerals in the world. Additionally, it is the sixth-largest gold producer in the world. Moreover, the country produces 20% of
the total nickel and cobalt and about 5-7% of the overall iron ore and coal. The country is also a major producer of diamonds, platinum group metals, potassium
salts, non-ferrous metals, steel, gold, tungsten, tin, bauxite, and silicon. The mining industry has witnessed very less decline, which may hinder the market for
hydrogen peroxide.
• The Russian healthcare and pharmaceutical sector also experienced recession, in terms of depressed domestic demand and problems faced, due to inefficiency of
the federal budget-funded healthcare system model prevailing in the country, to cope up with the financial crisis. However, the country expects sustainable growth in
the private healthcare market by 5.9% a year on average, up to 2019.
• The Netherlands is one of the largest producers of recycled paper across Europe. Furthermore, the pulp industry is expected to boom in Finland, with various
collaborations and investment opportunities coming up, which, in turn, is likely to fuel up the demand for hydrogen peroxide.

6.3.6 REST OF EUROPE 122
• The Belgian textile industry is huge, owing to the presence of major manufacturers, such as DesleeMattex and Escolys. The investment is increasing every year,
which grew by around 22% in 2016. In May 2017, Beaulieu Fibres International planned to invest about EUR 15 million for a new fiber technology to meet demand
of the country.
• In the water treatment industry, Spain is one of the leading European countries regarding the re-use of treated wastewater and it is ranked second globally in reused
water treatment. Continuous treatment of industrial and sewage wastewater is expected to drive the market for hydrogen peroxide in Spain during the forecast
period.
• Thus, with the growth of the end-user industry across Europe, the demand for hydrogen peroxide is expected to witness a boost during the forecast period.

123
6.4.1 Brazil
6.4 SOUTH AMERICA 6.4.2 Argentina
6.4.3 Rest of South America

6.4 SOUTH AMERICA 124
South America, 2018 South America, 2023
33.47% 33.43%
Brazil Brazil
49.98% Argentina 50.09% Argentina
Rest of South America Rest of South America
16.55% 16.48%

6.4 SOUTH AMERICA 125
by Country, South America, 2018 by Country, South America, 2023
35.11% 35.52%
46.12% Brazil 45.67% Brazil

Argentina Argentina
Rest of South America Rest of South America
18.78% 18.80%

6.4.1 BRAZIL 126
• Over the past few years, Brazil has had a volatility in its economy, with a GDP growth of 3.6% and 0.7% in 2016 and 2017, respectively. The political instability, high
inflation, low prices of export of goods, and decreased confidence levels have resulted in a dip in the country’s economy.
• Brazil is ranked fourth in pulp production, preceded by Canada, China, and the United States. The paper and pulp industry in Brazil is growing at a fast pace,
evident from its spread across 220 companies in this sector, with a production capacity of approximately 16 million metric ton. This growth in the paper and pulp
industry is likely to drive the growth of the hydrogen peroxide market in the country, during the forecast period.
• The Brazilian textile industry is the fifth-largest manufacturing industry in the world, which is expected to grow at a healthy rate with advancements in technology.
Textile and apparel goods in Brazil is one of the strongest sectors. Moreover, Brazil is one of the few countries that still has industrial knowledge throughout the
value chain( i.e., from fiber to design).
• Brazil lacks proper sewage treatment facilities, with even major cities capable of treating only a small portion of the wastewater generated. Thus, the government is
planning to build proper water treatment facilities, which is likely to augment the growth of the hydrogen peroxide market in the coming years.
• Sales of consumer electronics appear to have reached a saturation point in the country. Consumers are more careful while buying expensive products and this
behavior is expected to continue during the forecast period. However, many sub-categories were actually helped by the sale of various expensive items, like 4K
television. Despite the challenging situation, companies like, Samsung and LG, are continuing to strengthen their positions in the country.
• Brazil has one of the most productive healthcare markets in South America and is considered to be among the top five global destinations for medical tourism.
Additionally, Brazil is the fourth-largest beautification products market in the world, accounting for around 9% of the global market, as per the Brazilian association
for the personal hygiene, perfume, and cosmetics industries – ABIHPEC.

6.4.1 BRAZIL 127
• Additionally, the country adopted the health and wellness trend, as most of the population belongs to the middle class segment. The country attracts a variety of
medical tourists for the successful and world-renowned cosmetic surgery industry. Increasing private investments in the healthcare sector boosted the growth in
Brazil.
• Overall, the market for hydrogen peroxide is projected to grow at a moderate rate, during the forecast period.

6.4.2 ARGENTINA 128
• Argentina is an emerging country and its economy is currently facing high inflation rates. The government policy for the devaluation of the Peso in 2016 has caused
a slowdown in the economy. However, the trade and investment-friendly policies, due to the new agendas of liberalization, are expected to support the Argentinian
economy in the medium- and long-term.
• The consumption of hydrogen peroxide is high in the paper industry, it being a growing industry in the country. The country holds a huge potential for pulp
production, which however, is yet to be fully utilized. However, the paper industry is expected to grow at a promising pace.
• Although the electronic appliances market declined after the devaluation of the ARS, it is expected to regain its market position during the forecast period. With the
growth of the electronics industry, the market for hydrogen peroxide is expected to grow over the forecast period.
• The healthcare expenditure in Argentina traditionally accounted for approximately 7% of the GDP, which is among the highest in the region. Argentina is expected to
have huge investments in the pharmaceutical and biotechnology industries.
• The chemical, manufacturing, and mining industries have been growing at a rapid pace in the recent past, which has led to an increase in demand for water
treatment in the country. Additionally, the government has been combining efforts to reduce water pollution. The World Bank is aiding the Argentine government to
monitor the 50 most industrial polluters in the country, who account for about 95% of the total industrial wastewater discharge.
• Currently, Argentina is still behind its mineral-rich neighbors, Chile and Peru, in mining investment, despite containing rich deposits of copper, gold, silver, and zinc.
This is due to the stringent laws prevalent in Argentina. In order to counteract this, the Argentina government is planning to unify mining regulations under a
proposed federal law that may permit open-pit mines to operate throughout the country, as part of an effort to jump-start investment in the sector.
• Argentina's mining industry expects USD 20 billion in new investments over the next five years, due to a series of measures being implemented by the government
of President Mauricio Macri, to attract private sector investments in the country. Currently, the Argentine government is working to double the investments in its
mining sector to USD 25 billion in the next eight years.
• All the aforementioned factors are expected to register a slow but steady growth in the market studied, during the forecast period.

6.4.3 REST OF SOUTH AMERICA 129
• The Rest of South America includes countries, such as Chile, Peru, Venezuela, and Colombia. This region is beginning to assert its own identity in the fast
globalizing world. Countries in this region have ample opportunities for growth and development.
• The Colombian economy grew at about 2.0% in 2017. This rise in GDP is attributed to the higher spending capacities and the increase in demand conditions at
home and abroad. Among the South American countries, Columbia is poised for new economic activities. It is set to spearhead the growth trajectory in the Andes
sub-region of South America.
• Chile is an emerging economy in South America. The country’s economy expanded at a moderate pace of 1.8% and 2.5% in 2016 and 2017, respectively. Chile has
the highest sovereign credit rating, i.e., it has below 20% of GDP public sector debt. Despite the global economic slowdown, Chile received credit ratings, such as
AA- by S&P, A+ by Fitch, and Aa3 by Moody.
• Venezuela has an emerging economy in South America and is currently experiencing economic imbalances. The country had a contracted growth in GDP of 7.8%
and 2.5% in 2016 and 2017, respectively.
• The GDP of Peru grew by 3.5% and 3.9% in 2016 and 2017, respectively.
• The economies of most of the countries in the region were effected with the drop in oil prices, in 2015, and are in their paths to recovery at very slow rates.
• Overall, the market for hydrogen peroxide in the rest of South America is expected to increase at a moderate pace, with increasing demand from various end-user
industries, as well as increased income levels.

130
6.5.1 Saudi Arabia
6.5 MIDDLE EAST & AFRICA 6.5.2 South Africa
6.5.3 Rest of Middle East & Africa

6.5 MIDDLE EAST & AFRICA 131
Middle East & Africa, 2018 Middle East & Africa, 2023
36.61% 36.61%
44.66% Saudi Arabia 44.76% Saudi Arabia
South Africa South Africa
Rest of Middle East & Africa Rest of Middle East & Africa
18.74% 18.63%

6.5 MIDDLE EAST & AFRICA 132
by Country, Middle East & Africa, 2018 by Country, Middle East & Africa, 2023
23.24% 23.50%
Saudi Arabia
43.40% South Africa 43.05% Saudi Arabia
Rest of Middle East & Africa South Africa
Rest of Middle East & Africa
33.36% 33.45%

6.5.1 SAUDI ARABIA 133
• Saudi Arabia is an oil-rich country and has an emerging economy, which slowed down in 2016 (when compared to 2015) because of the lower crude oil prices and
the country’s regulatory policy. The market openness and investment opportunities are lesser than other emerging economies. This is a major restraint to the
country’s economic growth.
• In 2016, the GDP growth rate was only 1.4%, while it had reduced to 0.4% in 2017. However, the government, in its tenth development plan, is reforming the
economic plans, with investments in diversified sectors and is trying to attract private investments in the country to make it a diversified economy that is not
dependent on oil alone. The purchasing power of the consumers has increased along with their awareness about technology implementation in the various end-
user industries.
• The Saudi Arabian government currently pays for almost 80% of healthcare expenditures.
 In Saudi Arabia, cases of non-communicable diseases, such as cardiovascular disease and cancer, have been increasing in the recent past. This has
resulted in an increase in the government’s initiatives.
 Privatization is creating opportunities for medical service deliveries in the areas of oncology, cardiovascular care, and other outpatient services.
• Saudi Arabia has the highest amount of mineral resources in the Gulf region. The Kingdom has minerals, including gold, copper, and phosphate. The kingdom is
also a major producer of zinc and aluminum. The infrastructure needs of the Kingdom’s growing population and the push to further industrialize are resulting in a
strong downstream market for its minerals.
• Saudi represents the region's largest IT market. Massive public investments in infrastructure, health, and education have paved the way for advanced technology
and security systems in the country. The government’s plans for the industry to raise its contribution to the GDP by 20% by 2020 is expected to increase the usage
of the electrical and electronic products in the country.
• Over USD 66 billion, in long-term capital investments has been committed for water and sanitation projects in the Kingdom for the next 10 years. The government
aims to achieve 100% reuse of wastewater from cities, with 5,000 inhabitants or more by 2025.
• These growth plans are expected to progress at a faster rate during the forecast period, which is expected to drive the demand for hydrogen peroxide.

6.5.2 SOUTH AFRICA 134
• The South African economy has been in a crisis since 2016, with depreciation in its currency value and high unemployment rate that caused the shrinkage of
economic growth. The GDP growth rate is estimated to be about 0.6% in 2016 and is expected to register a CAGR of 1.3% in 2017.
• South Africa is the largest recipient of FDI from the United Kingdom, whose exit from the European Union has had a negative effect on its economy. FDI also slowed
down in 2016 shrinking the economic growth rate. The government is planning to have a one-stop-shop program that may improve new businesses. The
government has also planned to take on new initiatives for promoting investments and building up consumer confidence.
• The paper and pulp industry in South Africa is steady, with the global overcapacity of newsprint paper likely to recover and grow at a fast pace. Most of the paper
produced is exported and is the major source of profitability.
• The country’s textile and clothing industry, with an aim to make South Africa a preferred global supplier of textiles by using its technological and human resources, is
also likely to increase the demand for hydrogen peroxide. However, due to less technological developments, the local textile production has turned into a capital-
intensive business.
• South Africa’s mining and mineral processing, manufacturing, and chemical processing industries have recorded a good growth rate during the past few years. The
growing industries have triggered the need for water treatment in the country. This, in turn, may augment the growth of the market.
• The electronics market in South Africa slowed down, due to a lack of government support and unfair import duties on many electro-mechanical components and
switches. The market potential for this electronics market is higher because of the quality products, until major supportive plans by the government or FDI and
production demand an increase.
• It is expected that the electronics market will increase at a moderately lower rate during the forecast period, with investments boosting up and the steady growth in
consumer demand.
• Overall, due to the above mentioned factors, the market for hydrogen peroxide is expected to register a positive growth during the forecast period.

6.5.3 REST OF MIDDLE EAST & AFRICA 135
• The countries in the Rest of Middle East & Africa include – United Arab Emirates (UAE), Qatar, Bahrain, Kuwait, Oman, Egypt, Iraq, Iran, etc.
• The economy of the United Arab Emirates is mainly dependent on the oil industry. It has the second largest GDP among the Arab countries after Saudi Arabia,
accounting for around USD 348.7 billion in 2016. It is expected to record a slight growth of 2.3% in 2017. Due to fluctuations in crude oil prices and a slowdown in
the global economy, the country’s economy slowed down over the last few years.
• The pulp and paper sector is likely to augment the demand for hydrogen peroxide over the forecast period, with the setting up of a new paper line by Valmet, for
Ittihad International Investment LLC in Abu Dhabi that has a capacity of 2 million metric ton.
• The petrochemical sector is expected to drive the market over the forecast period, due to the increasing expansions of production facilities in the country. In
November 2016, the state-owned company, Abu Dhabi National Oil Company (ADNOC), announced plans to double the production of petrochemicals, as a part of
its 2030 strategy.
• The textile industry is one of the oldest and most significant sectors in Egypt. The sector contributes to nearly 3% to the total GDP of the country and 27% of the
total industrial output. About 25% of the textile industry is concentrated on textile production, including 12% in home textiles, 8% in cotton yarn, and 5% in other
textiles. The industry is highly dominated by public sector companies, with 50% in spinning, 60% in hemming, and 60% in weaving.
• The Egyptian textile industry is also likely to grow, with the increase in investments from Chinese companies. This is likely to increase the demand for hydrogen
peroxide in the country. Shandong Rui, a Chinese company, announced plans to invest USD 800 million on the construction of readymade garments factories in
Egypt.
• The Bahraini manufacturing sector has been attracting investments and more than USD 200 million was invested in the first half of 2017. The demand for hydrogen
peroxide is anticipated to increase, with increasing investments and expansions in the country. A US-based textiles manufacturer, WestPoint Home, opened its
spinning facility in Bahrain, with an investment of USD 9 million. The company invested more than USD 160 million over the past ten years.

6.5.3 REST OF MIDDLE EAST & AFRICA 136
• The water requirement in Qatar is continuously increasing . Due to the low rainfall levels, there is a need to treat and recycle wastewater. SUEZ was assigned to
extend the Doha wastewater treatment and recycling plant by 2017, to increase the capacity to 280,000 m3 per day. Aspire Zone also entered a contract with SUEZ,
to build and design a post-treatment plant, to reuse the recycled wastewater and meet the needs of the 250 ha sports complex of FIFA 2022 world cup stadium.
• Overall, the increasing demand from various end-user industries in different countries is projected to drive the market through the forecast period, in the region.

137
7. FUTURE OF THE MARKET

7. FUTURE OF THE MARKET 138
• Hydrogen peroxide’s oxidizing property makes it suitable for use in the cosmetics and medical fields as a disinfectant and a bleaching agent. Unlike chlorine, it
does not create any burning sensation on the skin or face. With the increase in demand for cosmetic products, the usage of hydrogen peroxide is expected to
increase significantly in the beauty and personal care industry, over the forecast period.
• Currently, due to the negative impact of deforestation on the environment, most of the paper is being recycled. Additionally, the world is moving toward digitization,
substituting the usage of paper with electronic devices. All the aforementioned factors are limiting the production of paper.
 Thus, with the decreasing paper production, the usage of H2O2 as a bleaching agent (during manufacturing) is also expected to decrease. Moreover, the
amount of bleaching agent required for recycling is less than the amount required during the production of paper. Therefore, in the next decade, the usage of
hydrogen peroxide in the pulp and paper industry is expected to decrease gradually.
• The increasing market penetration of high-end electronics products, such as HDTVs and tablets in the emerging economies is expected to increase the usage of
hydrogen peroxide during the forecast period, with majority of the consumption from the Asia-Pacific region.
• The increased global emphasis on protecting the environment, especially after the Paris climate agreement, is expected to open up newer avenues for hydrogen
peroxide usage in water treatment applications, consequent to the increasing focus of emerging economies on wastewater management. However, the decision by
the US government to pull out of the aforementioned agreement may have a detrimental effect on the overall effectiveness and application of the same worldwide.

139
8.1 Mergers, Acquisitions, Joint Ventures, Collaborations, and Agreements
8. COMPETITIVE LANDSCAPE 8.2 Market Share Analysis
8.3 Strategies Adopted by Leading Players

8.1 MERGERS, ACQUISITIONs, JOINT VENTURES, COLLABORATIONS, AND AGREEMENTS 140
Date Description
Nov 2017 Solvay and Suez joined forces in the water treatment industry, in China.
Sep 2017 The Dow Chemical Company and E.I. du Pont de Nemours & Company, completed their planned USD 130 billion merger, and formed DowDuPont.
The Wadia Group, which earlier held a 45.4% stake in specialty chemicals maker, National Peroxide Ltd, increased its holding to about 70.5%, by buying
Mar 2017
out the Belgian partner, Solvay SA. Public shareholders hold about 29.5% stake, in the Mumbai-listed company.
Feb 2017 Solvay and United Chemical Company LLP, examined the new hydrogen peroxide production capacity in Kazakhstan.
AkzoNobel and Atul announced their intention to jointly invest in the production of monochloroacetic acid (MCA) in India, which will include setting up a
Feb 2017
world class MCA plant, at Atul’s facility in Gujarat.
Feb 2017 Solvay and Aquatic Concept Group AS signed a joint global collaboration and development agreement, for aquaculture operations.

8.2 MARKET SHARE ANALYSIS 141
Hydrogen Peroxide Market: Market Share (%), by • The global market for hydrogen peroxide is consolidated, with the top five
Production Capacity, Global, 2017 players accounting for about 67% of the market.
Solvay (Including BASF SE) • The production capacity of BASF is projected with Solvay, which has the
largest production capacity of hydrogen peroxide, followed by Evonik
Evonik Industries AG Industries AG, Mitsubishi Gas Chemical Company Inc., Arkema Group,
24% Kemira Oyj, and others.

25%
MITSUBISHI GAS CHEMICAL
• All the major producers are expanding their production capacities in the
COMPANY, INC.
Asia-Pacific region, due to an increasing demand from end-user industries,
Arkema Group
in the region.
2% • The other prominent players in the market include Eko Peroxide LLC
Kemira Oyj
2%
4% (AkzoNobel NV), National Peroxide Ltd, Guangdong ZhongCheng
19%
EkO Peroxide LLC (Akzo
Chemicals Inc. Ltd, and others.
6%
Nobel NV)
• The ‘others’ part of the market consists of several small players, in
8%
10% National Peroxide Ltd respective regions, and is highly fragmented.
• Market penetration is challenging for new entrants, as top players occupy

Guangdong ZhongCheng
a major part of the market share.
Chemicals Inc., Ltd
• Due to continuous expansions by major producers, the existing market
Other Companies
share scenario is expected to remain unchanged.

8.3 STRATEGIES ADOPTED BY LEADING PLAYERS 142
Solvay SA
Solvay SA has one of its businesses solely dedicated to peroxides, under the name, ‘Peroxides’. This business has benefitted from the high consumption of paper
pulp, and the worldwide demand for high, value-added special derivatives. The company came up with the new concept of mini-plants, to be located at customers’
manufacturing plants. The increasing demand for propylene oxide has also driven the growth of the business. The partnership with other companies, in building
megaplants producing hydrogen peroxide as feedstock for propylene oxide, in the framework of Hydrogen Peroxide to Propylene Oxide (HPPO), has also helped
the company to increase its sales of hydrogen peroxide products.
Evonik Industries AG
Evonik Industries AG is one of the major players in hydrogen peroxide market, and its products are extensively used in various industries, such as pulp and paper,
textiles, electronics, pharmaceuticals, and personal care. The company is focusing on partnerships, as a strategy to maintain its position as one of the leading
players in the market. For instance, in 2017, the company partnered with the MOL group, for the innovation of the HPPO process. Once done, this was expected to
help the company to produce hydrogen peroxide, economically. The company has previously invested in the Jilin plant, located in China, to increase its production
capacity. Thus, with capacity expansion and process innovations, the company is anticipating an increase in its global sales.
Mitsubishi Gas Chemical Company Inc.
Mitsubishi Gas Chemical Company Inc. is the oldest hydrogen peroxide producing company in Japan, operating since 1933. Since then, the company has become
one of the key players in the global market, through capacity expansion. The company has experienced a decline in sales, in 2017, compared to the previous year.
Therefore, the MGC group is currently focusing on R&D, with the goal to use its unique technological platform and group synergy, to be a truly innovation-focused
company, with products that provide economic value and support sustained growth. In order to increase its market share, the company is focusing on enhancing the
profitability of existing businesses, developing and creating new businesses, and improving total enterprise quality.

143
9.1 Aditya Birla Chemicals (India) Ltd 9.14 Mitsubishi Gas Chemical Company Inc.
9.2 Arkema Group 9.15 National Peroxide Ltd
9.3 BASF SE 9.16 PeroxyChem
9.4 Chang Chun Group 9.17 Qingdao LaSheng Co. Ltd
9.5 DowDuPont 9.18 Solvay
9.6 EkO Peroxide LLC (AkzoNobel NV)
9. COMPANY PROFILES 9.7 Evonik Industries AG
9.8 Guangdong ZhongCheng Chemicals Inc. Ltd
9.9 Gujarat Alkalies & Chemicals Ltd
9.10 Hodogaya Chemical Co. Ltd
9.11 Kemira Oyj
9.12 Kingboard Chemical Holdings Ltd
9.13 Merck KGaA

9.1 ADITYA BIRLA CHEMICALS (INDIA) LTD – COMPANY OVERVIEW 144
Introduction: Aditya Birla Group provides hydrogen peroxide, under the name, Aditya Birla Chemicals. The company
provides hydrogen peroxides, which are suitable for bleach formulations and disinfection applications, and also in the
manufacture of cosmetics and pharmaceuticals. The product is used as a bleaching agent, in the production of paper pulp, as
a reagent for chemical synthesis, in the detoxification and purification of water and effluent, and for the copper etching of
printed circuit boards and cleaning semiconductors.
The company has 16 manufacturing sites for its chemicals business, including nine in India, five in Thailand, one in Germany,
Founded in 1976
and one in China. The operations for Aditya Birla Chemicals (Thailand), Thai Peroxide Company, and Aditya Birla Chemicals
(Europe) GmbH, are handled by Aditya Birla Nuvo, Grasim Industries, and Tanfac. In China, the business operates through
Aditya Birla Grasun Chemicals (Fangchenggang). Jharkhand, India
HQ
Hydrogen peroxide is manufactured by Thai Peroxide (a joint venture between the Aditya Birla Group and PeroxyChem
Netherlands Holdings BV).
Operations: Europe, North
Financial Overview (Grasim) America, Asia, Middle East
Net Revenue, in INR crore, Net Profit, in INR crore,

~1,219 Employees
2015-2017 2015-2017
3167
40247 Revenue (2017)
2468
38535 1744 INR 40,247 crore
36468
+91 6584262211
2015 2016 2017 2015 2016 2017

Net Profit www.adityabirlachemicals.com
Net Revenue

9.1 ADITYA BIRLA CHEMICALS (INDIA) LTD - PRODUCTS AND SERVICES 145
Grades Application
• Eco-friendly: breaks down into water and oxygen

• Removes odor from domestic, municipal, and industrial wastewater (caused by sulfur compounds, amines,
ENCARE mercaptans, and aldehydes)
Hydrogen peroxide for the • Controls corrosion, by destroying residual chlorine, sulfides, sulfites, and thiosulfates, which form corrosive acids
environment • BOD/COD reduction by activating inorganic and organic oxidation
• Gas scrubber for SOx/ NOx and H2S emissions
• Supplies oxygen: dissolved oxygen (0.235 ppm DO per ppm of ENCARE)
• Quickly supplies dissolved oxygen to pond water

• Controls nitrite and poisons, like CN and hydrogen sulfide
• Oxidizes organic waste to prevent formation of toxic chemicals
ECARE
• Controls the growth of plankton/algae
Hydrogen peroxide in aquaculture
• Helps the molting and fast growth of prawns
• Maintains hygiene and minimizes the mortality of prawns
• Saves time and manpower for pond soil tilling and preparation between each harvest
9.1 ADITYA BIRLA CHEMICALS – RECENT DEVELOPMENTS

*There are no recent developments in the field of hydrogen peroxide.

9.2 ARKEMA GROUP – COMPANY OVERVIEW 146
Introduction: Arkema SA is a global manufacturer of specialty chemicals and advanced materials. The company has its
presence in 50 countries, with 133 production plants. The company manufactures a wide range of products, intended for other
major industries, including construction, packaging, chemical, automotive, electronics, food manufacturing, pharmaceuticals
industries, and more. It operates its business through three business segments: High-performance Materials, Industrial
Specialists, and Coating Solutions. Arkema offers its hydrogen peroxide in the High-performance Materials segment, under
Founded in 2003
the brand names lbone, Peroxal, and Valsterane.
Colombes,
HQ France.
Financial Overview
America, Asia-Pacific, Latin
Sales Revenue, in EUR Revenue Share (%), Revenue Share (%), America, and Middle East &
by Segment, 2017 Africa
million, 2015-2017 by Geography, 2017
High- 19,800 Employees
8,326 performance France
Materials
4%
23% 8% United States,
Revenue (2017)
7,683 Canada, Mexico
7,535 Industrial 26% EUR 8,326 million
46%
Specialties Rest of Europe
32%
Asia 33 1 49008080
Coating
30%
2015 2016 2017
Solutions Rest of the
31% www.arkema.com
Sales Revenue World

9.2 ARKEMA GROUP – PRODUCTS AND SERVICES 147
Brand Product Name Description
Albone® is formulated for general hydrogen peroxide applications. It is mostly used in the bleaching of paper pulp, and of natural and synthetic textile fibers, as well as
Albone Albone MS
chemical synthesis. It is also used for environmental applications, such as wastewater and gas treatments, and it is required in the mining and metal treatment industries.
Peroxal A Lightly stabilized hydrogen peroxide grade, specifically designed for chemical process.
Peroxal BIO grade is specifically designed as an active ingredient for use in antimicrobial formulations. Peroxal A BIO is an EPA FIFRA registered product, and can be used
Peroxal BIO
in FIFRA registered product formulations, using H2O2 as an active ingredient.
Peroxal BPM A highly purified, lightly stabilized, and tin-free hydrogen peroxide grade, specifically designed for chemical process.
Hydrogen peroxide grade, specially designed for dilution use, such as personal care and cleaning formulations. Peroxal® 35CG and 50CG, when properly diluted with water
Peroxal CG
to 3.0gm hydrogen peroxide per 100 ml, meets the specifications as required by ‘The United States Pharmacopia’ (USP).
Peroxal CG-HP Heavily stabilized hydrogen peroxide grade, specially designed for dilution use, such as personal care and cleaning formulations. Patented stabilization technology.
Peroxal CLG Hydrogen peroxide grade, specially designed for dilution use, such as personal care and cleaning formulations. Patented stabilization technology.
Peroxal
Peroxal D High purity hydrogen peroxide, designed for chemical synthesis.
Peroxal DS High purity hydrogen peroxide, slightly more stabilized than Peroxal® D, and designed for chemical synthesis.
Peroxal EG High purity hydrogen peroxide, designed for the electronic industry.
High purity hydrogen peroxide grade, designed for dilution use, such as contact lens formulation. It meets the European Pharmacopoeia, DMF Health Ministry approval, #
Peroxal OG
88-48.
Peroxal PF Lightly stabilized phosphorus-free hydrogen peroxide grade, specifically designed for water treatment
High purity hydrogen peroxide grade, designed for dilution use, such as cleaning formulations, personal care products, and pharmaceutical products. It meets the European
Peroxal PG
Pharmacopoeia, DMF Health Ministry approval, # 88-45.

9.2 ARKEMA GROUP – PRODUCTS AND SERVICES 148
Brand Product Name Description
Valsterane AG Valsterane AG is high purity hydrogen peroxide grade, designed for bath aseptic packaging applications. It is food quality H2O2, formulated with food quality stabilizers.
Valsterane AL1 is designed with low dry residue, for aseptic spray machines, as well as special bath machines, such as international paper and hamba machines. It meets European
Valsterane AL1
pharmacopoeia and food chemicals codex specifications.
Valsterane AL2 is specifically formulated for bath aseptic packaging processes, where a high stability level is required, such as Tetra Pak machines. It meets the European
Valsterane AL2
Pharmacopoeia specifications.
Valsterane AL2LT Valsterane AL2LT is specifically formulated for low-speed bath aseptic packaging processes, where a high stability level is required, such as Prepak machines.
Valsterane AL3 is specifically formulated for spray aseptic packaging processes, such as Combibloc and Stork machines. It contains very low dry residue level, which helps to
Valsterane AL3 extend the production time between two cleaning phases, and limits the formation of deposits on spraying nozzles, or heated zones, of the equipment. It meets the European
Pharmacopoeia and Food Chemicals Codex specifications.
Valsterane
Valsterane AL4 is specifically formulated for bath aseptic packaging processes, where a high stability level is required, such as Tetra Pak and International Paper machines. It meets
Valsterane AL4 the European Pharmacopoeia specifications. Valsterane® AL4 is specifically recommended for the new models of Tetra pak machines, due to its excellent stability and low dry
residue level.
Valsterane ASG is high purity hydrogen peroxide grade, designed for spray aseptic packaging applications. It is food quality H2O2, formulated with low-level food quality stabilizers,
Valsterane ASG
stable for storage purposes, and low residue levels for spray aseptic machines. It meets the food chemicals codex specifications.
Valsterane FG Valsterane FG is high purity hydrogen peroxide grade, designed for food processing applications, including aseptic packaging. It meets the food chemicals codex specifications.
Valsterane S is specifically formulated for spray aseptic packaging processes, such as Combibloc and Stork machines. It contains very low dry residue level, which helps to extend
Valsterane S
the production time between two cleaning phases, and limits the formation
Valsterane S-HP, designed for all superior spray packaging technologies, offers the best in class aseptic spray, with guaranteed best specification results in the market, with less
Valsterane S-HP
than 5 ppm residue. Available as a 25% or 35% solution, it provides record low residue levels (< 5 mg/kg), which are easily removable.

9.2 ARKEMA GROUP – RECENT DEVELOPMENTS 149
Arkema increased its prices for all grades of

hydrogen peroxide in Europe, by up to 7%,
Sep 2017 since 1st December 2017. The objective

behind this price increase was to continue
restoring the profitability of this business, in
order to allow Arkema to continue satisfying
the market’s growing requirements.

9.3 BASF SE – COMPANY OVERVIEW 150
Introduction: BASF SE is one of the largest chemical companies, globally. The BASF Group comprises
of subsidiaries and joint ventures, in more than 80 countries, and operates six integrated production sites and 390 other
production sites, in Europe, Asia, Australia, the Americas, and Africa. BASF is structured according to five segments, which
comprise of 13 divisions with operational responsibility, namely chemicals, performance products, function materials and
science, agricultural solutions, and oil and gas. BASF has customers in over 190 countries, and supplies products to a wide
variety of industries. The company offers hydrogen peroxide to industries such as medical, cosmetics, pulp and paper,
semiconductor, and more. Founded in 1865
BASF’s hydrogen peroxide production takes place at its site in Antwerp, Belgium. The plant was established under a joint
venture of Solvay and BASF, in February 2006, to construct a 230,000tpa hydrogen peroxide plant. Subsequently, a Ludwigshafen am Rhein,
HQ Germany
partnership was set up for financing the plant.
Financial Overview
Revenue Share (%), by America, Asia-Pacific, Latin
Sales Revenue, in EUR Revenue Share (%), by America, and Middle East &
million, 2015-2017 Segment, 2017 Function Materials and Africa
Chemicals
70,449 Solutions, 2017 ~113,830 Employees
64,475 Catalysts
57,550 5% 4% 25%
Performance
Products
Construction
9% Chemicals
Functional Revenue (2017)
Materials Coatings
EUR 64,475 million
and sciences 37% 32%
Agricultural Performance
Solutions Materials
+49 621 60 42525
Oil and Gas 12%
2015 2016 2017 32% 19%
25% Other
Sales Revenue Segments www.basf.com

9.3 BASF SE – PRODUCTS AND SERVICES 151
Products Description
DD-6 and DD PG peroxide-activated alumina adsorbents, offer exceptionally high surface area, and are developed
DD-6 and DD-PG
specifically to meet specialized needs of hydrogen peroxide.
With the Selectipur® product range, BASF offers a portfolio of cleaning and etching solutions for the semiconductor
Selectipur®
industry. Hydrogen peroxide is offered, as one of the cleaning solutions in the industry.
9.3 BASF SE – Recent Developments

9.4 CHANG CHUN GROUP – COMPANY OVERVIEW 152
Introduction: Chang Chun Group deals with the manufacture of chemicals, circuit boards, and petrochemical-derived
specialties, through its different subsidiaries and affiliate companies all around the world (such as Chang Chun
Petrochemicals Co., Ltd, Chang Chun Plastics Co., Ltd, Tsu Kong Co., Ltd, CCD Germany GmbH, Chang Chun Chemical
Corporation, and many more). The company has production bases in China, Malaysia, Indonesia, and Singapore, for
manufacturing different types of chemicals, synthetic resin, thermosetting plastics, high-performance engineering plastic, Founded in 1949
electronic materials, and semiconductor chemicals. The company produces hydrogen peroxide under its Chang Chun
7th Floor, No. 301,
Petrochemicals Co., Ltd company.
Songjiang Rd., Zhongshan
HQ District 10483, Taipei,
Taiwan
Financial Overview
America, Asia-Pacific
*Financials of the company are unavailable.
NA
Revenue (2017)
USD 3,740.02 million –
Chang Chun
Petrochemicals Co., Ltd.
+886-2-2500-1800
www.ccp.com.tw

9.4 CHANG CHUN GROUP – PRODUCTS AND SERVICES 153
Hydrogen Peroxide Industrial grade hydrogen peroxide, with different concentrations (31%, 35%, 50%).
9.4 CHANG CHUN GROUP – Recent Developments

9.5 DOWDUPONT – COMPANY OVERVIEW 154
Introduction: DowDuPont is a holding company, merged by two companies, The Dow Chemical Company and DuPont. It
manufactures and supplies products used as raw materials in the manufacture of customer products and services. The
company manufactures and supplies more than 6,000 products, at 201 manufacturing plants, in 36 countries, globally. The
company caters to high growth sectors, such as automotive, agriculture, building and construction, chemical processing,
electronics, furniture, houseware, oil and gas, packaging, paints, coatings and adhesives, personal care, pharmaceutical,
processed food, pulp and paper, textile and carpet, utilities, and water treatment. Founded in 2017
DowDuPont offers hydrogen peroxide for treating biologically contaminated reverse osmosis and nano filtration systems, that
use FILMTECTM membranes.
United States
HQ
Financial Overview

Sales Revenue, in Revenue Share (%), America, South America, Asia,
Revenue Share (%), and Middle East & Africa.
USD million, 2015-2017 by Segment, 2016
by Geography, 2016
Agricultural ~56,000 Employees
62,484 Sciences
13% North America
48,778 48,158
39% Consumer 38%
Solutions
EMEA Revenue (2017)
11%
Infrastructure 32% USD 62,484 million
Solutions APAC and
7,345 3,978
1,460 Latin America
Performance +1 302-774-3034
Materials and 30%
2015 2016 2017 18% Chemicals
Performance
Sales Revenue Net Income 19% Plastics www.dow-dupont.com

9.5 DOWDUPONT – PRODUCTS AND SERVICES 155
Hydrogen Peroxide (H2O2) is used as a chemical reagent for oxidation. The production process may generate low levels
Hydrogen Peroxide (H2O2)
of dissolved organics, that are generally derivatives of quinone.
Tyvek® for Gas Plasma Tyvek® is compatible with a broad range of sterilization methods, including hydrogen peroxide gas plasma sterilization.
Sterilization and Other Low-temp Tyvek® 4057B is well suited for use with the STERRAD® Sterilization System, which uses low-temperature hydrogen
Processes peroxide gas plasma, to enable sterilization of heat-labile devices.
9.5 DOWDUPONT – RECENT DEVELOPMENTS
The Dow Chemical Company

and E.I. du Pont de Nemours &
Sep 2017 Company completed their
planned USD 130 billion merger,
to form DowDuPont

9.6 EKO PEROXIDE LLC (AKZONOBEL NV) – Company Overview 156
Introduction: EkO Peroxide LLC operates as a subsidiary of AkzoNobel Pulp and Performance Chemicals. In January 2016,
AkzoNobel NV strengthened its position in the North American hydrogen peroxide market, after acquiring the outstanding
shares in EkO Peroxide LLC, from the joint venture partner, OCI Peroxygens LLC (a subsidiary of OCI Enterprises Inc.). The
company has an annual output of more than 200,000 metric tons from its production facilities in Norway, Sweden, Venezuela,
and the United States.
The hydrogen peroxide supplied is mainly used as an agent in the bleaching of both mechanical and chemical pulps, Founded in 2006
supporting elemental chlorine-free (ECF) bleaching, and as the main product in totally chlorine-free (TCF) bleaching methods.
Mississippi,
HQ United States
Financial Overview (AkzoNobel NV)
Operations: North America,

Revenue Share (%), by Revenue Share (%), by Europe, Asia-Pacific, Africa,
Revenue, in EUR million, South America
Operating Segment, 2017 Geography, 2017
2016-2017
Mature
Europe ~35,700 employees
9,434 9,612 5% 33% Asia-Pacific
9%
40%
1,291 North America Revenue (2017)
969
9%
EUR 9,612 million
60%
Latin America
2016 2017
12% +1 662-240-8571
Revenue Emerging
Europe
Decorative Paints
Net Cash from 32% Other Region www.akzonobel.com
Operating Activities Performance Coatings

9.6 EKO PEROXIDE LLC (AKZONOBEL NV) – PRODUCTS AND SERVICES 157
It is used as a reducing agent in the company’s SVP-HP and HP-A technologies, for producing chlorine dioxide – the
Eka HP (Hydrogen Peroxide) basis in ECF bleaching technology, which helps in delivering better cost efficiency. Product grades, concentrations, and
delivery alternatives that vary by market, are offered.
9.6 EKO PEROXIDE LLC (AKZONOBEL NV) – RECENT DEVELOPMENTS

9.7 EVONIK INDUSTRIES AG – COMPANY OVERVIEW 158
Introduction: Evonik Industries AG operates as a holding company, which engages in the manufacture of specialty chemical
products. The company operates through the following segments, Nutrition and Care, Resource Efficiency, Performance
Materials, and Services. It is one of the global leaders in the manufacture of hydrogen peroxide, with 13 production sites and
an annual capacity of approximately 950,000 metric ton. Thus, with a global setup, the company ensures excellence in
logistics and the highest degree of delivery security for its customers. In addition to this, the hydrogen peroxide produced is
also used in the innovative Hydrogen-Peroxide-to-Propylene-Oxide (HPPO) process developed by Evonik and ThyssenKrupp Founded in 2007
Industrial Solutions for the direct chemical synthesis of propylene oxide, an important precursor for polyurethanes, and, for
example, in the production of caprolactam. Essen,
HQ Germany
Financial Overview

Sales Revenue in EUR Revenue Share (%), by Revenue Share (%), America, and Middle East &
million, 2015-2017 Segment, 2017 Africa
by Geography, 2017
Resource
14419 Efficiency
~36,523 Employees
13,507.0 5% 6% Western
12,732.0
Europe
Nutrition and Germany
38% Care
Revenue (2017)
26% 27% North America EUR 14,419 million
23%
Asia-Pacific
Performance
1,008.0 748.0 717 Materials 20% 49 201 17701
24%
2015 2016 2017
Services
www.evonik.com
Sales Revenue Net Income 31%

9.7 EVONIK INDUSTRIES AG - PRODUCTS AND SERVICES 159
A standard hydrogen peroxide grade manufactured for general industrial purposes. They find major applications as
HYPROX bleaching agents in the pulp and paper and textile industries. Also used in deinking in wastepaper recycling, along with
applications in the chemical industry for hydroxylation and oxidation reactions.
The product is a high purity hydrogen peroxide, which is specially designed for food treatment, fine chemical synthesis, as
PERSYNT
well as for major applications in the cosmetic and pharmaceutical industries.
The product is a high purity, food grade hydrogen peroxide, and finds major applications in the aseptic packaging industry.
OXTERIL
The products have complied with various regulations and been approved by main packaging machine suppliers.
The products in this category are hydrogen peroxide grade that are used in various water treatment applications. The
CLARMARIN
products have complied with various regulations and are recommended for use in drinking water preparation.
These products are electronic grade hydrogen peroxide grade and meet the requirements of the electronic industry
PERTRONIC
concerning purity and stability. They are also the leading 'wet chemicals' used in the semiconductor industry.
These products are high concentration hydrogen peroxide grade that find applications in the aeronautics industry. They are
PROPULSE
used in space rocket launches and as a mono-propellant in various underwater marine vessels.
These products are hydrogen peroxide grade, which are used for healthy and sustainable aquaculture. They are effective
ASPERIX
and provide a sustainable treatment against sea lice infestation.

9.7 EVONIK INDUSTRIES AG – RECENT DEVELOPMENTS 160
Evonik Resource Efficiency GmbH announced a price increase of 6% in Europe for all grades of hydrogen peroxide (H2O2), namely
Nov 2017
HYPROX, CLARMARIN, PERSYNT, PERTRONIC, and OXTERIL. The price increase was effective from 1st of December 2017.
Evonik introduced a new product line HYPROX, in addition to PERSYNT, to meet the demand of Biocides Products Regulation
Jul 2017
528/2012
Evonik started working on an extensive program for realignment of existing four production plants in Europe. The expansion was expected to
Oct 2016 be commissioned in 2017 and implementation of the measures resulting from the realignment is expected to be complete by the middle of
2018.

9.8 GUANGDONG ZHONGCHENG CHEMICALS INC. LTD – COMPANY OVERVIEW 161
Introduction: Guangdong Zhongcheng Chemicals Inc. Ltd was founded in 1993. Formerly Guangdong Zhongcheng
Chemicals Co. Ltd, Zhongcheng was officially incorporated in December 2003. The company has three major manufacturing
bases in Dongguan, Guangdong, and Zhuzhou, Hunan. Its products are used in the textile, pulp and paper, food, detergent,
and kaolin clay industries. Sodium hydrosulfite is the major product in the company’s portfolio and has a total annual capacity
of 200,000 metric ton, which accounts for 40% of the global demand. The company also produces sodium percarbonate,
sodium formaldehyde sulfoxylate (Rongalite), etc. Founded in 1993
9.8 GUANGDONG ZHONGCHENG CHEMICALS INC. LTD - PRODUCTS AND SERVICES

Guangdong,
HQ China
PRODUCT PRODUCTION CAPACITY
HYDROGEN PEROXIDE Has a total annual capacity of 92,000 metric ton

Operations: Asia-Pacific
9.8 GUANGDONG ZHONGCHENG CHEMICALS INC. LTD – RECENT DEVELOPMENTS
+ 86 76988825606
www.zhongcheng.gd.cn

9.9 GUJARAT ALKALIES AND CHEMICALS LIMITED – COMPANY OVERVIEW 162
Introduction: Gujarat Alkalies and Chemicals Ltd engages in the manufacturing of chemicals, particularly caustic soda, lye,
and flakes. It offers special chlorine derivatives, sodium cyanide, caustic potash, chloromethane, phosphoric acid, calcium
chloride, hydrogen peroxide, and water treatment chemicals. The company has grown from an initial capacity of 37,425 TPA
caustic soda, to one of the largest producers in India, with a capacity of 3,58,760 TPA, which is spread over 2 complexes at
Vadodara and Dahej. Currently, the company sells 24 products, maintaining it's leadership in the Caustic-Chlorine industry
with a market share of 16% and has emerged as a major player in the segment of value added products. The company
Founded in 1973
manufactures hydrogen peroxides by the state-of-the-art technologies, like the ‘Auto Oxidation’ process technology of UHDE,
Germany, and Chematur Engineering AB, Sweden.
Gujarat,
Financial Overview HQ India
Sales Revenue in INR million, Revenue in INR million, Revenue in INR million, India, Operations: Europe, North
2015-2017 Chemicals, 2015-2017 2015-2017 America, Asia-Pacific, and
Middle East & Africa
22,155 22910 22553 22553
19,318 ~1384 Employees
19,318 19,560 19,318 19,560 Revenue (2017)

INR 22,910.08 million
2,279 2,196 3073

+91 2652232681
2015 2016 2017 2015 2016 2017 2015 2016 2017

www.gacl.com
Sales Revenue Net Income Chemicals India

9.9 GUJARAT ALKALIES AND CHEMICALS LIMITED - PRODUCTS ANDSERVICES 163
PRODUCT APPLICATION PRODUCTION CAPACITY
• As a bleaching agent for pulp and paper, textiles, and sugar

industries
• Used in pharmaceuticals as an antiseptic agent

HYDROGEN
• Used in aseptic packing as a sterilizing agent • At Vadodara Complex, production of 38 metric ton/day.
PEROXIDE
• In the electronics industry as an etching and cleaning agent. • At Dahei Complex, production of 80 metric ton/day.
• For effluent treatment in the water treatment industry
• Propellants for aircrafts and rockets
9.9 GUJARAT ALKALIES AND CHEMICALS LIMITED – RECENT DEVELOPMENTS

9.10 HODOGAYA CHEMICAL CO. LTD – COMPANY OVERVIEW 164
Introduction: Hodogaya Chemical Co. Ltd engages in the manufacture and sale of organic industrial chemicals. It operates
through the following segments, Functional Colorants, Functional Polymers, Basic Chemicals, Agro-Science, and Others. The
company has manufacturing sites across various locations in Japan. Some of the famous plants are Koriyama Plant,
Yokohama plant, and Nanyo plant. The company is the major producer of peroxide-related products in Japan. Peroxides
comes under the basic chemicals segment and the major products are hydrogen peroxide and its derivatives, and sodium
percarbonate. Nippon Peroxide Co. Ltd is one of the subsidiaries of the company. The company is into manufacturing, sales,
Founded in 1916
and export/import of both hydrogen peroxide and its derivatives, such as oxygen-type bleaching agents.
Tokyo,
Financial Overview HQ Japan
Sales Revenue in JPY billion, Revenue Share (%), by Revenue Share (%),
2015-2017 Segment, 2017 by Geography, 2017 America, Asia-Pacific, and
Functional Middle East & Africa
Polymers
35 34 34
9% Funtional 6% 3% Japan ~691 Employees
Dyes
34% Asia-Pacific
9%
14% Basic Europe Revenue (2017)
Chemistry JPY 34.74 billion
Products
North America
2 AgroScience 82%
1 1 20% + 81 3 52998000
2015 2016 2017

23% Logistics
www.hodogaya.co.jp
Sales Revenue Net Income

9.10 HODOGAYA CHEMICAL CO. LTD - PRODUCTS AND SERVICES 165
Product Name Description Applications
The product is a transparent liquid, which resembles water with • Bleaching agent for the paper and pulp and textile industries
HYDROGEN moderate oxidizing strength. It is also useful in environmental
• Oxidizer for industrial chemicals
PEROXIDE pollution control as on decomposition, it forms harmless water and
oxygen, and also becomes stability under proper conditions. • Sewage treatment for environmental pollution
OXYPAIL • Food production container and equipment
• NFP Series products are used for electronic components, and as

NFP – F50 Hydrogen Peroxide Derivatives
pretreatment agents for copper plating for printed wiring boards
• Hi-etchant is used in the print circuit board manufacturing process

HI-ETCHANT
to strip copper and in etching copper surfaces.
9.10 HODOGAYA CHEMICAL CO. LTD – RECENT DEVELOPMENTS

9.11 KEMIRA OYJ – COMPANY OVERVIEW 166
Introduction: Kemira Oyj is a global chemicals company, which provides service in water intensive industries. The company
is more focused on the pulp and paper, oil and gas, and water treatment industries. It engages in the provision of water quality
and quantity management solutions, which improves energy, water, and raw material efficiency. It operates through the
following segments, Paper, Municipal, and Industrial, Oil and Mining, and ChemSolutions. Kemira is one of the major
producers of hydrogen peroxide and has a wide range of expertise in the usage of hydrogen peroxide in bleaching
applications. In recent times, Kemira was the defendant in a damage claim litigation in Dortmund, where Hydrogen Peroxide
Founded in 1920
SA and CDC Holding SA (jointly referred to as “CDC”) claimed compensation for alleged damages relating to alleged historical
infringements of competition law in the hydrogen peroxide business between 1994 and 2000. In October 2017, the companies
reached a settlement, where Kemira agreed to pay CDC EUR 12.7 million as compensation. Helsinki,
HQ Finland
Financial Overview
Sales Revenue in EUR Revenue Share (%), by Revenue Share (%), America, and Middle East &
million, 2015-2017 Segment, 2017 Africa
by Geography, 2017
~4732 Employees
2,373.0 2,363.0 2486 Pulp and Finland
Paper
9% 14% The Americas
Revenue (2017)
Other Europe, EUR 2486 million
41% MEA
38% Asia-Pacific
59% 39%
71.0 92.0 71 + 358 108611
Industry &
Water
2015 2016 2017
www.kemira.com
Sales Revenue Net Income

9.11 KEMIRA OYJ - COMPANY OVERVIEW 167
Products Application
Chemical Pulp: Peroxide produced have found a strong position in alkaline stages. In the bleaching plant, hydrogen
peroxide, and distilled peracetic acid (dPAA) are excellent alternatives for delignification and bleaching.
Mechanical Pulp: Hydrogen peroxide is widely used as a bleaching agent for different mechanical and chemi-mechanical
pulps.
HYDROGEN PEROXIDE
Recycled Fiber: The produced hydrogen peroxide is used in the actual deinking process or in a separate bleaching stage.
Chemical Industry: Hydrogen peroxide is used in the chemical industry as an oxidizing agent in reactions, such as oil
epoxidization.
9.11 KEMIRA OYJ – RECENT DEVELOPMENTS

9.12 KINGBOARD CHEMICAL HOLDINGS LTD – COMPANY OVERVIEW 168
Introduction: Kingboard Chemical Holdings Limited is a Hong Kong-based investment holding company, which is engaged in chemical
products-related businesses. The company operates more than 60 manufacturing plants, with business segments ranging from laminates
to printed circuit boards, chemicals, and properties development in China. The Laminates segment is engaged in the manufacture and
sales of laminates. The Printed Circuit Board (PCB) segment is engaged in the manufacture and sales of single, double, multi-layer, and
high-density interconnect PCBs. Moreover, the group had successfully initiated a brand new business segment of property developments
in recent years, which further enhanced the diversified business portfolio.
Kingboard Chemical Holdings Limited is one of the leading suppliers of chemical products in China with a diversified products portfolio. Founded in 1988
Main chemical business includes coal chemical, chemical refinery, phenol and acetone, and bittern and other commodity chemicals, such
as formalin, hydrogen peroxide, and PVC.
Hong Kong,
HQ China
Financial Overview
Revenue Share (%), by Business Revenue (%), by Geography,

Revenue in HKD million, 2015-2017 Operations: Europe and Asia
Segment, 2017 2017
4%
4%
43,159
35,830 35,906 15%
~42,800 Employees
(in HKD million)
35%
Revenue
19% Revenue (2017)

HKD 35,906 million
31%
+ (852) 2605 6493
Laminates 92%
2015 2016 2017 Chemicals
Printed Circuit Boards China Rest of Asia Europe www.kingboard.com
Year Properties

9.12 KINGBOARD CHEMICAL HOLDINGS LTD - PRODUCTS AND SERVICES 169
• These products are primarily used as oxidizing agents, antiseptics, and dechlorinating agents.
Hydrogen peroxide 27.5% (Superior) • For the chemical industry, they have a wide use in making epoxide, organic peroxide, and inorganic
peroxide acid, for example making Sodium Carbonate Peroxyhydrate, Sodium perforate, and Peracetic
acid.
Hydrogen peroxide 35.0%
• In the pharmaceutical industry, diluted solution (below 3%) is used as an antiseptic, bactericide, and
preservative. In environment protection, it is used in sewage treatment. For example, it has detoxification
Hydrogen peroxide 50.0% for sewage containing cyanide and nitrite.

• In addition, high concentration hydrogen peroxide can be used as rocket propellant.
9.12 KINGBOARD CHEMICAL HOLDINGS LTD RECENT DEVELOPMENTS
There are no recent developments in the field of hydrogen peroxide.

9.13 MERCK KGAA – Company Overview 170
Introduction: Merck is a Germany-based company with a primary focus on healthcare, life science, and performance materials. Merck is
the world's oldest pharmaceutical and chemical company. Merck, Darmstadt, Germany holds the global rights to the Merck name and
brand. The only exceptions are the United States and Canada, where the company operates in the biopharma market as EMD Serono, in
life science as Millipore Sigma, and in the specialty chemicals and high-tech materials business area as EMD Performance Materials.
They offer a broad portfolio of 300,000 products with manufacturing plants in more than 120 countries. The company has sales units all
over the world with a customer base of well over one million customers. The major competitors of the company are Agilent Technologies,
Abbott Laboratories, and Danaher Corp. Founded in 1668
The company manufactures the hydrogen peroxide products through Millipore Sigma
Financial Overview Frankfurt,

HQ Germany
Revenue Share (%), by Business Revenue (%), by Geography, Operations: North America,
Revenue in EUR million, 2015-2017
Latin America, Europe, Asia
Segment, 2017 2017
Pacific, and Middle-East and
25% 32% Africa.
15,024 15,327
28% ~52,941 Employees
(in EUR million)
38%
Revenue
4% Revenue (2017)
12,845 EUR 15,327 million
8%
34%
31% +49615172000
Performance Materials Asia-Pacific
2015 2016 2017 Europe
Healthcare Latin America
Year http://www.merckgroup.com
Lifescience Middle East and Africa (MEA)
North America

9.13 MERCK KGAA - PRODUCTS AND SERVICES 171
Products Brands
Hydrogen peroxide 30% OmniTrace Ultra
Hydrogen peroxide 31% Ultrapur
Hydrogen peroxide 35% Reagent
Hydrogen peroxide solution 30% w/w Suprapur
Hydrogen peroxide solution 3% w/v stabilized TITRISTAR
Hydrogen peroxide urea Carbamide peroxide tablets
9.13 MERCK KGAA -RECENT DEVELOPMENTS
There are no recent developments in the field of hydrogen peroxide.

9.14 MITSUBISHI GAS CHEMICAL COMPANY INC. – Company Overview 172
Introduction: Mitsubishi Gas Chemical Co. Inc. is involved in the manufacturing of organic and inorganic chemicals, petroleum-derived
chemicals, and its related products. Natural gas chemicals, aromatic chemicals, specialty chemicals, information and advanced
materials, and others are the different business segments of the company. The company established the Yamakita plant and started the
production of hydrogen peroxide using the electrolytic method for the first time, in Japan. Kyoudou Kasankasuiso Corporation, Shinsanso
Kagaku Co., MGC Pure Chemicals America Inc., MGC Pure Chemicals Singapore Pte. Ltd, MGC Pure Chemicals Taiwan Inc., PT
Peroksida Indonesia Pratama, Samyoung Pure Chemicals Co. Ltd, and Suzhou MGC Suhua Peroxide Co., Ltd are the different
companies, which are engaged in the production of the hydrogen peroxide under the global ultimate, Mitsubishi Gas Chemical Company
Founded in 1918
Inc. The company operates the hydrogen peroxide business under the inorganic chemicals division of the specialty chemicals business
segment. In addition to 35%, 45%, and 60% aqueous solutions of industrial specifications, Hydrogen peroxide derivatives, which meet
stringent food-additive specifications are also included in the product line of the company. Tokyo,
HQ Japan
Financial Overview
Revenue Share (%), by Business Revenue Share (%), by Operations: North America,
Revenue in JPY million, 2015-2017
Latin America, Europe, and
Segment, 2017 Geography, 2017
593,502 Asia-Pacific
10%
9% 26%
~8,034 Employees
(in JPY million)
556,480
24%
Revenue
529,570 51% Revenue (2017)

34% JPY 556,480 million
31% 15%
+81-3-3283-5000
Natural Gas Chemicals
Japan China
2015 2016 2017 Aromatic Chemicals
Year Specialty Chemicals www.mgc.co.jp
Information and Advanced Materials Rest of Asia United States

9.14 MITSUBISHI GAS CHEMICAL COMPANY INC. - PRODUCTS AND SERVICES 173
Hydrogen peroxide These products are mainly used as the bleaching agent for textiles, paper and pulp, other industrial applications.
These products are primarily used as a cleaning, etching, and abrading agent in semiconductor wafer and device
Super-pure hydrogen peroxide
manufacturing processes
9.14 MITSUBISHI GAS CHEMICAL COMPANY INC. - RECENT DEVELOPMENTS
Jul 2017
Mitsubishi Gas Chemical Company Inc. announced is plan to build two new plants
for MGC Pure Chemicals America Inc., a consolidated subsidiary producing and
distributing super-pure hydrogen peroxide.

9.15 NATIONAL PEROXIDE LTD – COMPANY OVERVIEW 174
Introduction: National Peroxide Limited is a manufacturer of hydrogen peroxide, sodium perborate, compressed hydrogen
gas, and per acetic acid. The company operates through two divisions, manufacturing of peroxygens and hydrogen gas, and
others, which consists of investing activities.
The fully integrated manufacturing site for hydrogen peroxide is located at Kalyan in Maharashtra. The company
manufactures hydrogen peroxide with an installed capacity of approximately 95,000 metric ton per annum (MTPA) on 50%
weight per weight (w/w). basis. The company also produces hydrogen peroxide in 35%, 60% and 70% concentration. It is a Founded in 1954
pioneer in India for peroxygen chemicals and is the largest manufacturer of hydrogen peroxide in India.
Mumbai,
HQ
Financial Overview India
Revenue in INR million, 2015-2017 Operations: India
3,103.23
2,614.38
~113 Employees
2,335.34
(in INR million)
Revenue
Revenue (2017)
INR 2,619.53 million
+91 - 22 - 66620000
2015 2016 2017

Year
http://www.naperol.com

9.15 NATIONAL PEROXIDE LTD - PRODUCTS AND SERVICES 175
Hydrogen Peroxide (35% w/w, Concentrated)

These products are used in the pulp and paper industry for bleaching chemical and mechanical pulp and
Hydrogen Peroxide (50% w/w, Concentrated) wastepaper recycling. In the textile industry, they are used as bleach for natural and synthetic fibers and the
Hydrogen Peroxide (60% w/w, Concentrated) desizing agent. They also safely detoxify many industrial wastes, including phenolics and reduced sulfur
compounds. In addition, these products are also used in the extraction and finishing of metals.
Hydrogen Peroxide (70% w/w, Distillate)
9.15 NATIONAL PEROXIDE LTD - RECENT DEVELOPMENTS
Wadia Group, which earlier held a 45.4% stake in NPL, increased its
Mar 2017
holding in specialty chemicals maker National Peroxide Ltd to about
70.5% by buying out Belgian partner Solvay SA. Public shareholders
held about 29.5% stake in the Mumbai-listed company.

9.16 PEROXYCHEM – COMPANY OVERVIEW 176
Introduction: PeroxyChem is a global producer of specialty chemicals, like hydrogen peroxides, persulfates, and peracetic
acid. The company sells about 85% of its products through direct channels using a mixture of product-focused specialists and
technical market experts. The company is always into innovation of new and unique products, technologies, and delivery
systems to the end-user industries. This is evident from their patents of nearly 30 unique patent titles spread across 62
countries. The company is a leading manufacturer and supplier of hydrogen peroxide. PeroxyChem offers the broadest range
of concentrations and purities for various end-use applications. The company has two joint venture companies operating at
Founded in early 1900’s
locations in the Americas, Europe, and Asia.
Financial Overview
Philadelphia,
Revenue Distribution (%), by End User, 2017 HQ United States
Revenue (%), by Chemicals, 2017
8.00% 7.00%
Electronics
6.00%
6% Hydrogen Peroxide Chemical
14% 18.00% Synthesis America, Asia-Pacific, Latin
10.00% America, and Middle East &
Polymer Initiation
Africa
Persulfates Pulp & Paper
~550 Employees
Other
59% 17.00%
14.00% Food Safety
Peracetic Acid
21%
Environment +1 866 860 4760
Energy
Other
28.00%
www.peroxychem.com

9.16 PEROXYCHEM - PRODUCTS AND SERVICES 177
This product is used extensively for pulp and paper, mining, textile, and environmental applications. It is formulated for high stability and long-term
Standard Grade Hydrogen Peroxide
storage.
Durox Food Grade Hydrogen Peroxide These products are used in aseptic packaging, as well as other food sterilization and bleaching applications.
Technical Grade is frequently used in the synthesis of organic chemicals, such as epoxides, organic peroxides, and amine oxides. Chlorate Grade is
Chemical Synthesis Grade Hydrogen Peroxide
formulated specially for hypochlorite control in chlorate cells and will not interfere with electrode performance.
Semiconductor Grade Hydrogen Peroxide These products are exceptionally pure and highly stable, designed for semiconductor manufacturing.
High-Test Hydrogen Peroxide This product is designed to meet the propulsion industry's growing need for storable, low toxicity oxidizers.
B-Cap Antimicrobial Grade Hydrogen Peroxide This product is used for bio-fouling control in cooling and process water systems, as a paper mill biocide and for general slime control.
Super D Cosmetic Grade Hydrogen Peroxide This product is stabilized for those customers who prepare dilute hydrogen peroxide solutions requiring a long shelf life.
OxyPure Drinking Water Grade Hydrogen This product is used for removal of iron and hydrogen sulfide in ground water, for taste and odor control, and for destroying ozone and chlorine
Peroxide residuals in potable water treatment.
This product is a hydrogen peroxide grade specifically designed for the cosmetic, pharmaceutical, and dental industries and is used as a general
AOPACK (Europe)
antiseptic, in dermatology applications, as an oxidizer or neutralizer for hair bleaching, and for the cleaning of dentures or oral disinfection products.
This product is a hydrogen peroxide grade specifically designed for the cosmetic, pharmaceutical, and dental industries, and is used as a general
AOFARMA (Europe)
antiseptic in dermatology applications, as an oxidizer or neutralizer for hair bleaching, and cleaning of dentures or oral disinfection products.

9.16 PEROXYCHEM - PRODUCTS AND SERVICES 178
This product is a hydrogen peroxide grade specifically designed for the cosmetic industry, and is used as an oxidizer or neutralizer
AOCOSM (Europe)
and for hair bleaching.
This product is a hydrogen peroxide grade used in detergents as a stain remover, bleach strengthener, chlorine-free lye, colored
AOCOLOR (Europe)
clothing lye or a drain cleaner/deodorizer.
This product is an environmentally safe grade of hydrogen peroxide specially developed for its use in OHP wastewater treatment
OHP Grade Hydrogen Peroxide
plants or in Fenton chemical oxidation treatment processes for reduction of COD and TOC in wastewaters.
This product is used for treatment of facilities or machinery related to the food industry. In the environment, OxyPure C50 is used for
OxyPure C50 (Europe)
RECENT DEVELOPMENTS – PEROXYCHEM
disinfection and fumigation of public or private premises, fixed or mobile establishments, and transport systems and their facilities.
Dec 2017
PeroxyChem was expected to build a Peracetic Acid Plant in

Memphis to supply city’s wastewater treatment facilities.

9.17 QINGDAO LASHENG CO. LTD – COMPANY OVERVIEW, PRODUCTS AND SERVICES, AND RECENT DEVELOPMENTS 179
Introduction: Qingdao LaSheng Co. Ltd is a manufacturer of chemicals and is based in Qingdao city in the north of China.
The company offers hydrogen peroxide, along with various other chemicals.
FINANCIAL OVERVIEW
*Financials of the company are unavailable.
Founded in 1997
PRODUCTS & SERVICES
Segment Products
Quingdao, China
HQ
Hydrogen Peroxide Hydrogen Peroxide
Sulfuric Acid, Ethyl Acetate, Ethyl Methacrylate, Acetic Acid, Sodium Sulfate, Aniline, Operations: China
Cyclohexanone, Formic Acid, Butanone, Phenol, Hydrochloric Acid, N,N-

Other Chemicals Dimethylformamide, TolueneDichloromethane, Methanol, Nitric Acid, Xylene, 2-
NA
Hydroxypropyl Acrylate, N-Butyl Acetate, 1,1,2-Trichloroethene, Acetic Anhydride, Methyl
Isobutyl Ketone, Peracetic Acid.
Revenue (2017)
NA
RECENT DEVELOPMENTS

9.18 SOLVAY – COMPANY OVERVIEW 180
Introduction: Solvay is a manufacturer of chemicals and advanced materials. The company has over 35 specialty polymers product
lines that are available in more than 1,500 formulations designed as per the convenience of the consumers. The company provides its
products and solutions to a wide range of markets, which include agriculture, automotive and aerospace, building and construction,
consumer goods and healthcare, electrical and electronics, energy and environment, and other industrial applications. The company
operates through its 145 industrial sites in 53 countries. In December 2015, Solvay successfully completed the acquisition of Cytec and
the company started operating as a fully owned subsidiary of Solvay from January 2016.
The peroxides business unit of Solvay is a worldwide market and technology leader in hydrogen peroxide. The company delivers
Founded in 1863
products and services to the pulp, chemical, aquaculture, food, mining, waste water treatment, homecare, and textile industries by
providing functional qualities, such as bleaching, oxidation or disinfection. Solvay Peroxides operates 17 plants in North and South
America, Europe & Middle East, Asia, and Australia. It operates the biggest hydrogen peroxide plant in the world and is developing in Brussels,
HQ Belgium
parallel myH2O2, a new small satellite plant concept, designed for installation at the sites of the customers.
Financial Overview
Operations: North America,
Revenue Share (%), by Business Revenue (%), by Geography,
Revenue in EUR million, Latin America, Europe, Asia
Segment, 2017 2017 Pacific
2015-2017
11,415
~24,500 Employees
30% 30%
(in EUR million)
28%
Revenue
10,125 43% Revenue (2017)

9,569 EUR 10,125 million
11%
29% 29%
+32-2-264-2111
Advanced Materials North America

2015 2016 2017 Advanced Formulations Latin America www.solvay.com
Year Europe
Performance Chemicals
Asia-Pacific & ROW

9.18 SOLVAY - PRODUCTS AND SERVICES 181
Biocides
These products are mainly used by the paper industry to bleach pulp and to produce propylene oxide. Its properties are also of
Hydrogen Peroxide
interest to many markets, like chemical, food, textile, and environment.
Persalts
9.18 SOLVAY - RECENT DEVELOPMENTS
Nov 2017
Solvay and Suez joined forces in

water treatment, for industry in
China.
Sep 2016
Feb 2017
Solvay started a new hydrogen Solvay and United Chemical Feb 2017
peroxide plant in China as demand in Company LLP examined new
high-quality applications rose. hydrogen peroxide production Solvay and Aquatic Concept Group AS
capacity in Kazakhstan. signed a joint global collaboration and

development agreement for aquaculture
operations.

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Global Hydrogen Peroxide Market - Growth, Trends and Forecasts 2018 - 2023

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1

Segmented by Product Function, End-user Industry, and Geography -

Report Global Hydrogen Peroxide Market

TITLE: GLOBAL HYDROGEN PEROXIDE MARKET

• An understanding on the increasing application of hydrogen peroxide in different

Industry Reports | Consulting | Intelligence Center

Report Global Hydrogen Peroxide Market

3.2.5 Intensity of Competitive Rivalry 4.2 Restraints

3.3.2 Technology Licensing and Patent Analysis

Report Global Hydrogen Peroxide Market

5.1 By Product Function 5.2.8 Electronics and Semiconductors

5.1.1 Disinfectant 5.2.9 Other End-user Industries

5.1.3 Propellant 6.1 Asia-Pacific

5.1.4 Oxidant 6.1.1 China

5.1.5 Other Product Functions 6.1.2 India

5.2 By End-user Industry 6.1.3 Japan

5.2.1 Pulp and Paper 6.1.4 South Korea

5.2.2 Chemical Synthesis 6.1.5 ASEAN Countries

5.2.3 Wastewater Treatment 6.1.6 Taiwan

5.2.4 Mining 6.1.7 Rest of Asia-Pacific

Report Global Hydrogen Peroxide Market

6.2 North America

Report Global Hydrogen Peroxide Market

9.6 EkO Peroxide LLC (AkzoNobel NV)

9.7 Evonik Industries AG

9.8 Guangdong ZhongCheng Chemicals Inc. Ltd

9.9 Gujarat Alkali and Chemicals Ltd

9.10 Hodogaya Chemical Co. Ltd

9.11 Kemira Oyj

9.12 Kingboard Chemical Holdings Ltd

9.13 Merck KGaA

9.14 Mitsubishi Gas Chemical Company Inc.

9.15 National Peroxide Ltd

9.17 Qingdao LaSheng Co. Ltd

Report Global Hydrogen Peroxide Market

1.1 Scope of the Report

1. INTRODUCTION 1.2 Study Deliverables

1.3 Research Phases

Report Global Hydrogen Peroxide Market