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North America Hydrogen Peroxide Market Size, By End-user Industry (Paper & Pulp, Chemical, Wastewater Treatment, Mining), By Country, Industry Analysis Report, Country Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026
Published Date: January 2021 | Publisher: Graphical Research Report ID: GR1607 | Delivery : PDF  Request Free Sample

Industry Trends

North America Hydrogen peroxide Market Size was over USD 810.3 million in 2019 and will grow at a CAGR of more than 5.5% up to 2026.
 

North America Hydrogen Peroxide Market

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The North America market will observe a moderate growth rate owing to rising application volume in the end-user industries such as paper & pulp and chemicals. Hydrogen peroxide is a versatile compound, which finds major applications in the chemical and several other industries. Vast application scope due to its high oxidizing/reduction strength has propelled the market growth over the years. The market revenue will witness a significant boost due to a surge in demand from the aseptic packaging segment, which has become a major application area.
 

Hydrogen peroxide has gained a significant reputation as an oxidizing agent in the paper & pulp industry. It is widely used chemical applied in multistage processes and in the kraft pulp bleaching. Mechanical pulp, which is derived from the conventional groundwood process is also bleached with hydrogen peroxide to very high brightness levels. The expected rise in paper & pulp demand from end-user industries, such as print media and packaging, will drive product demand. Wastewater treatment is a promising segment that will boost market size growth in the next few years. The other end-users segment includes product applications in food processing, textiles, electronics, and medical & pharmaceuticals.
 

The U.S. is the largest regional market, in terms of revenue and volume. This can be attributed to a stronger presence of end-user industries along with higher per capita consumption of end-products. The U.S. has a large number of paper & pulp companies, which will support industry growth. North America is a mature market with moderate growth in demand. Digitalization has resulted in shrinking paper consumption, which is likely to subsequently slow down the product demand in North America. Moreover, shifting end-user industries to the Asia Pacific and other emerging regions may pose a threat to regional product manufacturers.
 

In the foreseeable future, product demand will be influenced by the ongoing COVID-19 pandemic. This is mainly because oxidizing disinfectant is proved to be very effective against the novel coronavirus. A rapid increase in product demand from hospitals and disinfectant manufacturing companies will drive product demand.
 

The North American market is concentrated, in terms of the number of players. There are only four hydrogen peroxide producers in North America after the recent acquisition of PeroxyChem by Evonik. Evonik has successfully acquired PeroxyChem in February 2020.
 

Frequently Asked Question(FAQ) :

The market size of North America Hydrogen Peroxide was valued over USD 810.3 million in 2019.
The industry share of North America Hydrogen Peroxide is projected to witness 5.5% growth rate during 2020 to 2026.
The North American hydrogen peroxide market is concentrated, in terms of the number of players. There are only four hydrogen peroxide producers in North America after the recent acquisition of PeroxyChem by Evonik.

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