India Hydrogen Peroxide Market, By Grade (<35%, >35%), By Type (Disinfectant, Bleaching Agent, Others), By Application (Pulp & Paper, Chemical Synthesis, Textile, Bleaching, Water Purification, Home & Personal Care, Specialty Chemicals, Others), By Region, Competition, Forecast and Opportunities, 2020-2030F
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationIndia Hydrogen Peroxide Market, By Grade (<35%, >35%), By Type (Disinfectant, Bleaching Agent, Others), By Application (Pulp & Paper, Chemical Synthesis, Textile, Bleaching, Water Purification, Home & Personal Care, Specialty Chemicals, Others), By Region, Competition, Forecast and Opportunities, 2020-2030F
| Forecast Period | 2026-2030 |
| Market Size, By Volume (2024) | 141.32 Thousand Metric Tonnes |
| Market Size, By Volume (2030) | 246.15 Thousand Metric Tonnes |
| CAGR (2025-2030) | 2.77% |
| Fastest Growing Segment | Water Purification |
| Largest Market | West India |
Market Overview
India Hydrogen Peroxide Market achieved a total market volume of 141.32 Thousand Metric Tonnes in 2024 and is poised for strong growth in the forecast period, with a projected Compound Annual Growth Rate (CAGR) of 2.77% through 2030
Hydrogen peroxide, a chemical compound with the formula H2O2, is a versatile chemical with numerous applications in various industries. It serves as a powerful oxidizer, disinfectant, and bleaching agent. The Indian hydrogen peroxide market has witnessed significant growth due to the country's expanding industrial base, increasing awareness of hygiene and sanitation, and the demand for eco-friendly bleaching agents.
The competitive landscape of hydrogen peroxide production in India is marked by significant contributions from NPL, capacity expansions by Gujarat Alkalies, and potential new entrants like Meghmani Organics and Chemplast Sanmar. This dynamic environment underscores the importance of technological advancements and capacity enhancements in maintaining competitive advantage and meeting the rising demand in the market. N
Key Market Drivers
Growing Demand from Paper and Pulp Industry as Bleaching and Disinfection Propels India Hydrogen Peroxide Market Growth
The paper and pulp industry are the primary consumer of hydrogen peroxide in India, significantly driving the market's growth. The Indian paper industry, encompassing over 750 pulp and paper mills, has been expanding and evolving to meet increasing domestic demand. While only 50 of these mills have a capacity of 50,000 metric tonnes per annum or more, the overall industry has been performing well, particularly in the last few quarters. The notable trend is the shift in demand within the paper industry. Although the demand for newsprint paper has declined as readers move online, the rise in online consumer purchases has spurred growth in transport packaging demand. This shift has positively impacted the paper and pulp industry's performance, subsequently boosting the demand for hydrogen peroxide.
Hydrogen peroxide plays a crucial role in the paper manufacturing process, primarily used to facilitate the preparation of paper through bleaching and oxidation. This chemical is highly valued for its versatility, capable of functioning as an oxidizer across a variety of oxidation possibilities and pH ranges. Consequently, almost all paper and pulp manufacturers in India incorporate hydrogen peroxide into their production processes. The industry's expansion is evident in the significant investments made to increase production capacity. By 2015, paper mills had added over 3 million tonnes of annual production capacity in printing and writing paper, investing approximately $5 billion. This expansion elevated the total production capacity to 12 million tonnes, which has since been absorbed by the market. The overall domestic demand for paper, including newsprint, is estimated at about 15 million tonnes per annum (TPA). Specific segments within the paper industry are experiencing robust growth. For instance, tissue paper demand, currently estimated at just over 100,000 tonnes a year, is growing at nearly 17%. Similarly, the packaging board demand is estimated at 7.5 million tonnes, growing at 9.4%, while printing and writing paper demand stands at about 4.6 million tonnes, growing at around 5% annually. Overall, the demand for paper in India is growing at approximately 6% per year, with the domestic market/consumption exceeding 16 million tonnes per annum, including over 2 million tonnes of imports. Several factors have contributed to the improved performance of the paper industry. Increased demand, coupled with the softening of raw material costs and lower coal prices, has bolstered the industry's growth. In addition, the rising focus on education in India is expected to further drive demand. Industry projections suggest that the compound annual growth rate (CAGR) of the Indian paper industry will be around 7% over the next five years. Demand is anticipated to reach 20 million tonnes, up from 13.9 million tonnes in 2014-15.
This growing demand presents a significant opportunity for hydrogen peroxide producers like National Peroxide Limited (NPL) and its peers. As the paper and pulp industry continues to expand and evolve, the need for hydrogen peroxide in bleaching and disinfection processes will likely increase, propelling the hydrogen peroxide market in India to new heights. The paper and pulp industry's robust growth is a major driver of the hydrogen peroxide market in India. The industry's increasing capacity, shifting demand patterns, and focus on quality and efficiency underscore the importance of hydrogen peroxide in maintaining and enhancing production processes. As the Indian paper industry continues to grow, so too will the demand for hydrogen peroxide, creating substantial opportunities for market players.
Rising Demand for Healthcare and Disinfection from Healthcare Industry Propels India's Hydrogen Peroxide Market Growth
The Indian hydrogen peroxide market is experiencing significant growth, primarily driven by the increasing demand from the healthcare industry. Hydrogen peroxide, a versatile and powerful chemical compound, plays a pivotal role in various healthcare applications, including disinfection and sterilization, which is contributing to the expansion of India's hydrogen peroxide market. O
Hydrogen peroxide is a trusted solution for healthcare professionals, as it is effective against a wide range of microorganisms, including bacteria, viruses, and spores. Its broad-spectrum disinfection capabilities make it an indispensable tool for maintaining high hygiene standards and protecting patients and healthcare workers. H
Hydrogen peroxide is a critical component in the healthcare sector's efforts to meet high standards for hygiene, infection control, and patient safety. In the context of the ongoing global health challenges, the importance of effective disinfection and sterilization has been further underscored, which is expected to sustain the demand for hydrogen peroxide in healthcare applications.
Increasing Acceptance from Water Treatment Propelling the India Hydrogen Peroxide Market Growth
The Indian hydrogen peroxide market is witnessing substantial growth, primarily propelled by the increasing acceptance of hydrogen peroxide as a critical component in water treatment processes. Hydrogen peroxide, a versatile and powerful chemical compound, plays a pivotal role in water treatment and purification, contributing to the expansion of India's hydrogen peroxide market.
Hydrogen peroxide is used for the removal of organic contaminants from water sources, including lakes, rivers, and groundwater. These organic contaminants may include natural organic matter, algae, and microorganisms. By breaking down and oxidizing these contaminants, hydrogen peroxide plays a vital role in ensuring the water's purity and safety for consumption. The quality of water is a primary concern for municipalities and industries, and the demand for effective water treatment solutions is increasing.
Hydrogen peroxide is used in wastewater treatment processes for both industrial and municipal wastewater. Wastewater treatment facilities utilize hydrogen peroxide to reduce and remove pollutants and contaminants before discharging the treated water into the environment. As environmental regulations become more stringent, the need for effective wastewater treatment solutions has increased, driving the demand for hydrogen peroxide.
Key Market Challenges
Stringent Environmental Regulations
Stringent environmental regulations are proving to be a significant impediment to the growth of the India Hydrogen Peroxide market. Hydrogen peroxide is a versatile chemical widely used in industries such as pulp and paper, textiles, and healthcare. However, its production and applications are associated with environmental concerns, particularly in terms of waste management and emissions.
Lack of Awareness About the Benefits of Hydrogen Peroxide
The lack of awareness about the benefits of hydrogen peroxide is a notable hindrance to the growth of the India Hydrogen Peroxide market. Hydrogen peroxide is a versatile chemical with applications ranging from disinfection and water treatment to textiles and healthcare. However, a significant portion of potential consumers and industrial users remains unaware of its wide array of uses and benefits.
Key Market Trends
Development of New Hydrogen Peroxide-Based Products
The development of new hydrogen peroxide-based products is a key trend propelling the growth of the India Hydrogen Peroxide market. Hydrogen peroxide is a versatile chemical compound widely used as a disinfectant, bleaching agent, and oxidizing agent in various industries, including healthcare, textiles, pulp and paper. The market's expansion is closely linked to continuous research and development efforts focused on harnessing the unique properties of hydrogen peroxide to create innovative and eco-friendly solutions.
Growing Demand for Green Hydrogen Peroxide
The growing demand for green hydrogen peroxide is a pivotal trend driving the growth of the India Hydrogen Peroxide market. Hydrogen peroxide, a versatile chemical compound used in various industries, is now being sought after for its potential to promote sustainability and environmental responsibility. Green hydrogen peroxide is produced using environmentally friendly methods and is becoming increasingly popular as industries and consumers alike place a premium on eco-conscious products and practices.
Segmental Insights
Type Insights
Based on the Type, the disinfectant segment emerged as the dominant segment in the Indian market for Hydrogen Peroxide in 2024. The dominance of the disinfectant segment can be attributed to the versatile and critical uses of Hydrogen Peroxide as a disinfectant and antiseptic. Hydrogen Peroxide is widely used for disinfecting surfaces, wound care, and as an antiseptic for various medical and healthcare applications. Its reliability, consistency, and effectiveness in killing harmful microorganisms make it an indispensable component in these applications.
Application Insights
Based on application, the water purification segment is projected
Regional Insights
Based on region in the Indian market for hydrogen peroxide, the dominance of the Western region in the Indian Hydrogen Peroxide market is a result of its industrial diversity, well-established infrastructure, and strategic advantages. This dominance is expected to persist as the region continues to thrive in various manufacturing sectors and as the demand for high-quality chemicals remains on the rise, particularly in applications like textiles, pharmaceuticals, and chemicals. T
The Western region's proactive approach to environmental regulations and its commitment to sustainability have also driven the demand for Hydrogen Peroxide, especially in industries that prioritize eco-friendly and high-quality production processes.
Recent Developments
- In February 2024, the Telangana State Drug Control Administration has warned that hydrogen peroxide solution labeled as ‘Laboratory Reagent’ must not be sold by retail medical shops to patients. According to the DCA, this solution, used for its antiseptic properties and various therapeutic purposes, qualifies as a drug under the Drugs and Cosmetics Act and must meet the standards specified in the latest edition of the Indian Pharmacopoeia (IP-2022). The drug 'Hydrogen Peroxide Solution 6 per cent' is subject to price control as per the Drugs (Prices Control) Order, 2013. Therefore, its maximum retail price (MRP) should conform to the ceiling price established by the National Pharmaceutical Pricing Authority (NPPA).
Key Market Players
- National
Peroxide Limited
- Indian
Peroxide Ltd
- Nilkanth
Organics Pvt. Ltd.
- Bhagwati
Chemicals Co.
- Gujarat
Alkalies and Chemicals Ltd (GACL)
|
By
Grade |
By
Type |
By
Application |
By
Region |
|
|
|
|
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy