Hydrogen peroxide manufacturing technology advances are anticipated to boost market expansion in the near future. For instance, in January 2019, scientists from the Ulsan Institute of Science and Technology (UNIST, South Korea) reported that they had created a new catalyst for the use of energy to make hydrogen peroxide. A highly effective carbon catalyst that can change oxygen into hydrogen peroxide was created by the researchers. Sodium perborate and sodium percarbonate are created using hydrogen peroxide and then used as bleaching agents in the production of detergents. Due to the numerous uses and global expansion of the paper and pulp sector, industry grade hydrogen peroxide is anticipated to experience rising consumer demand.
The global Hydrogen Peroxide Market was valued at 5,107.01 Kilo Tons in 2021 and is expected to register a CAGR of 3.4% in terms of volume over the forecast period (2022– 2030).
Leading Companies in the Hydrogen Peroxide Industry:
1. Arkema Group
Founded in 2004, Arkema Group is a specialty chemicals and advanced materials company offering glass coating products, and chemical products. The company has headquarters in Pennsylvania, USA.
2. Evonik Industries AG
Evonik is one of the world leaders in specialty chemicals. The company is active in more than 100 countries. The company was founded in 1873 and is headquartered in Essen, Germany. In December, 2022 Evonik launched a non-animal-derived squalene suitable for vaccines and other pharmaceutical applications.
3. Solvay S.A.
Solvay SA provides advanced materials and specialty chemicals worldwide. The company was founded in 1863 and is headquartered in Brussels, Belgium. In January, 2023 Solvay launches the first ISCC PLUS certified mass balance vanillin.
4. Mitsubishi Gas Chemical Company Inc.
Mitsubishi Gas Chemical Company, Inc. manufactures and sells basic and fine chemicals, and functional materials in Japan. Mitsubishi Gas Chemical Company, Inc. was founded in 1918 and is headquartered in Tokyo, Japan.