India Hydrogen Peroxide Market Size (2024 - 2029)

The Indian hydrogen peroxide market is experiencing growth, having recovered from the negative impacts of the COVID-19 pandemic, which had disrupted manufacturing and supply chains. The market's expansion is driven by the increasing use of hydrogen peroxide in the food processing and paper and pulp industries. Despite potential restraints due to health hazards associated with long-term exposure, the market is poised for growth, supported by the rapid expansion of production capacity and the establishment of new domestic plants.

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Market Size of India Hydrogen Peroxide Industry

India Hydrogen Peroxide Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.00 %
Market Concentration High

Major Players

India Hydrogen Peroxide Market Major Players

*Disclaimer: Major Players sorted in no particular order

India Hydrogen Peroxide Market Analysis

The Indian hydrogen peroxide market is estimated to reach 314.2 kilotons by the end of this year. It is projected to reach 399.29 kilotons in the next five years, registering a CAGR of 4% during the forecast period.

The market was negatively impacted by the COVID-19 pandemic due to the shutdown of manufacturing units and disruption in the supply chain. Currently, the market has recovered from the impacts of the pandemic and is growing at a significant rate.

  • Over the short term, the increasing utilization of hydrogen peroxide in the food processing industry and its application in the paper and pulp industry are major factors driving the growth of the market studied.
  • However, health hazards associated with long-term exposure to hydrogen peroxide are likely to restrain the growth of the market studied.
  • Nevertheless, rapid expansion of hydrogen peroxide capacity with new domestic players setting up new H2O2 plants are likely to create lucrative growth opportunities for the Indian market.

India Hydrogen Peroxide Industry Segmentation

Hydrogen peroxide is a colorless liquid at room temperature with a bitter taste. Small amounts of gaseous hydrogen peroxide occur naturally in the air. Hydrogen peroxide is unstable, decomposing readily to oxygen and water with the release of heat. Although nonflammable, it is a powerful oxidizing agent that can cause spontaneous combustion when it comes in contact with organic material.

The market is segmented by product function and end-user industry. By product function, the market is segmented into disinfectant, bleaching, oxidant, and other product functions (antiseptic, dishwasher, and vegetable wash). By end-user industry, the market is segmented into pulp and paper, chemical synthesis, wastewater treatment, mining, food and beverage, cosmetics and healthcare, textiles, and other end-user industries (electronics, packaging). For each segment, the market sizing and forecasts have been done based on volume (tons).

Product Function
Disinfectant
Bleaching
Oxidant
Other Product Functions (Antiseptic, Dishwasher, and Vegetable Wash)
End-user Industry
Pulp and Paper
Chemical Synthesis
Wastewater Treatment
Mining
Food and Beverage
Cosmetics and Healthcare
Textiles
Other End-user Industries (Electronics, Packaging, etc.)
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India Hydrogen Peroxide Market Size Summary

The Indian hydrogen peroxide market is experiencing a recovery and growth phase following the disruptions caused by the COVID-19 pandemic. The market is driven by the increasing use of hydrogen peroxide in the food processing and paper and pulp industries. In the food sector, its application as a powerful oxidizer with antimicrobial properties enhances food preservation and safety. The paper industry benefits from hydrogen peroxide's role as an effective bleaching agent, improving paper quality and sustainability. The rapid expansion of hydrogen peroxide production capacity, with new domestic players entering the market, is expected to create significant growth opportunities despite potential health hazards associated with long-term exposure.

The Indian paper and pulp industry is witnessing robust growth, supported by substantial investments in new capacities and clean technologies. This growth is expected to drive the demand for hydrogen peroxide, as it is increasingly used to enhance the quality and brightness of paper products. Additionally, the food processing sector's expansion, bolstered by government initiatives and infrastructure developments, further supports the rising demand for hydrogen peroxide. The market is characterized by a consolidated structure, with major players like Aditya Birla Chemicals and Gujarat Alkalies and Chemical Limited leading the industry. These companies are actively innovating and expanding their product offerings to meet the growing market needs.

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India Hydrogen Peroxide Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Utilization in the Food Processing Industry

      2. 1.1.2 Application in the Paper and Pulp Industry

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Health Hazards Associated with Long-term Exposure of Hydrogen Peroxide

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Product Function

      1. 2.1.1 Disinfectant

      2. 2.1.2 Bleaching

      3. 2.1.3 Oxidant

      4. 2.1.4 Other Product Functions (Antiseptic, Dishwasher, and Vegetable Wash)

    2. 2.2 End-user Industry

      1. 2.2.1 Pulp and Paper

      2. 2.2.2 Chemical Synthesis

      3. 2.2.3 Wastewater Treatment

      4. 2.2.4 Mining

      5. 2.2.5 Food and Beverage

      6. 2.2.6 Cosmetics and Healthcare

      7. 2.2.7 Textiles

      8. 2.2.8 Other End-user Industries (Electronics, Packaging, etc.)

India Hydrogen Peroxide Market Size FAQs

The India Hydrogen Peroxide Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

Aditya Birla Chemicals, Gujarat Alkalies and Chemical Limited, Indian Peroxide Limited, Meghmani Finechem Limited (MFL) and National Peroxide Limited are the major companies operating in the India Hydrogen Peroxide Market.

India Hydrogen Peroxide Market Report Snapshots

India Hydrogen Peroxide Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)