The global hydrogen peroxide market reached a value of US$ 3.3 Billion in . As per the analysis by IMARC Group, the leading companies in the hydrogen peroxide market are extensively investing in research and development (R&D) to introduce new grades and formulations of hydrogen peroxide with improved properties and functionality to meet the growing demand for high-purity, low-impurity, and eco-friendly hydrogen peroxide solutions. The companies are also expanding their production capacity and increasing their geographic presence by setting up new manufacturing facilities, increasing partnerships and collaborations, and acquiring other companies to gain access to new markets. Moreover, they are focusing on sustainability by improving their manufacturing processes and reducing their environmental impact by using renewable energy sources, reducing greenhouse gas (GHG) emissions, and implementing sustainable waste management practices. Looking forward, the market value is expected to reach US$ 4.5 Billion by , growing at a CAGR of 3.3% during the forecast period (-).
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The global hydrogen peroxide market has several major players, including The Solvay Group, Evonik Industries AG, ARKEMA INC., Kemira Oyj&#;s, FMC Corporation, Akzo Nobel N.V., Mitsubishi Gas Chemical Company Inc., Evonik Active Oxygens, LLC., Aditya Birla Chemicals (Thailand) Pvt. Ltd, Kingboard Group Co., Ltd., BASF SE, Merck Group, Chang Chun Group, Guangdong Zhongcheng Chemicals Inc., Ltd., and Hansol Holdings. More information about these companies has been provided below.
Establishment:
Headquarters:
Brussels, BelgiumWebsite:
https://www.solvay.com/
The Solvay Group is a multinational chemical company bifurcated into two main sectors of activity, namely chemicals and plastics. It is a global leader in materials, chemicals, and solutions and operates through four segments, namely advanced formulations, advanced materials, performance chemicals, and corporate and business services. Its unique and sustainable portfolio management and integrated risk management approach help to measure its commitment to sustainability in practical terms. At present, the company has a presence in over 60 countries with more than 24,500 employees, and its products are used in a wide range of industries, including aerospace, automotive, construction, consumer goods, healthcare, and electronics.
Establishment:
Headquarters:
Essen, GermanyWebsite:
https://corporate.evonik.us/
Evonik Industries AG is a specialty chemical company that manufactures and distributes specialty chemicals, including surfactants, polymers, resins, and other products, in the field of consumer goods and animal nutrition. It operates in four main business segments, including nutrition and care, resource efficiency, performance materials, and services. It serves a range of industries, including agriculture, automotive, construction, consumer goods, healthcare, and electronics. It aims to create sustainable value through innovation, growth, and efficiency and offers a strong commitment to sustainability, and has set ambitious targets to reduce its environmental impact and improve its social performance.
Establishment:
Headquarters:
Colombes, FranceWebsite:
https://www.arkema.com/
ARKEMA INC. is a multinational chemical company that produces a wide range of specialty chemicals and advanced materials. It operates in four main business segments, including high-performance polymers, performance additives, coating resins, and coating additives. It manufactures adhesives, coatings, and sealants for the construction and automotive industries. It also produces additives for plastics and coatings. Moreover, it offers high-performance polymers for the aerospace, electronics, and oil and gas industries. At present, the company has a presence in over 50 countries with more than 20,000 employees worldwide.
Establishment:
Headquarters:
Helsinki, FinlandWebsite:
https://www.kemira.com/
Kemira Oyj&#;s is a chemical company that specializes in water treatment and process chemistry. It operates in two main business segments, including industry and water and pulp and paper. Its product line includes chemicals, including coagulants, flocculants, pH control agents, sizing agents, retention aids, flotation agents, depressants, and process ingredients. It strongly focuses on developing new products and applications that meet the needs of its customers and contribute to a more sustainable future.
Establishment:
Headquarters:
Pennsylvania, United StatesWebsite:
https://www.fmc.com/
FMC Corporation is a chemical company that provides innovative and sustainable crop protection technologies to advance farming. Its product portfolio includes crop protection, plant health, and professional pest and turf management products. The company is focused on developing new products and applications that meet the needs of its customers and contribute to a more sustainable future. It also aims to help farmers feed the world by providing innovative and sustainable solutions that improve crop yields and reduce the environmental impact of agriculture.
Establishment:
Headquarters:
Amsterdam, NetherlandsWebsite:
https://www.akzonobel.com/
Akzo Nobel N.V. is one of the leading multinational companies that acquired EkO Peroxide LLC. It produces a range of paints, coatings, and specialty chemicals. It operates in three main business segments, including decorative paints, performance coatings, and specialty chemicals. It strongly focuses on developing new products and applications that meet the needs of its customers and contribute to a more sustainable future through planet, paper, and paint. At present, the company has a presence in many countries around the world and employs over 35,200 people. Moreover, it is committed to creating value for all its stakeholders, including customers, employees, shareholders, and society.
Establishment:
Headquarters:
Tokyo, JapanWebsite:
https://www.mgc.co.jp/
Mitsubishi Gas Chemical Company Inc. is one of the leading companies that engage in the manufacturing and selling of organic and inorganic chemicals, petroleum-derived chemicals, and related products. It produces chemical products, such as xylene and methanol, and manufactures engineering plastics and other specialty chemicals. It also provides various products in a wide range of fields, from basic chemicals to fine chemicals. It is committed to sustainability and focusing on developing new products and applications that meet the needs of its customers and contribute to a more sustainable future.
Establishment:
Headquarters:
California, USAWebsite:
https://www.peroxychem.com/
Evonik Active Oxygens, LLC is a leading global manufacturer of persulfates, innovative remediation technologies, and adjacent chemistries. Its supplies products for oil and gas, pulp and paper, chemical synthesis, and other industrial and consumer markets. With persulfate manufacturing locations in Tonawanda, New York, USA, and Germany, it produces the highest quality persulfate products and offers superior technical expertise.
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Establishment:
Headquarters:
Bangkok, ThailandWebsite:
http://www.adityabirlachemicals.com/
Aditya Birla Chemicals (Thailand) Pvt. Ltd is a part of the Aditya Birla Group, a multinational conglomerate. It is a leading manufacturer of chlor-alkali, epoxy resins, and agrochemicals, with operations in India, Thailand, and Germany. Its product portfolio includes chlorine, caustic soda, and hydrogen, which are used in a wide range of industries, including pulp and paper, textiles, and water treatment. It is also a leading producer of epoxy resins which are utilized in a variety of applications, including coatings, adhesives, and composites.
Establishment:
Headquarters:
Shatin, Hong KongWebsite:
https://www.kingboard.com/
Kingboard Group Co., Ltd. is a leading manufacturer and distributor of laminates, printed circuit boards, and chemicals through its subsidiaries. It also produces copper foils, glass fabrics, glass yarns, bleached kraft paper, and other products. It also invests in factories and production facilities and focuses on effectively managing resources. With 36,000 employees, it became a multinational enterprise and was selected as one of the top listed companies in the world by Forbes magazine.
Establishment:
Headquarters:
Ludwigshafen, GermanyWebsite:
http://www.basf.com/
BASF SE is the largest chemical producer in the world that produces a wide range of products, including chemicals, plastics, performance products, agricultural solutions, and oil and gas. It operates through four business segments, including chemicals, materials, industrial solutions, and surface technologies. It co-founded a global alliance of nearly 30 companies to advance solutions that reduce and eliminate plastic waste in the environment. It also aims to create chemistry for a sustainable future by providing innovative and sustainable solutions that improve the lives of people and create value for its customers and society.
Establishment:
Headquarters:
Darmstadt, GermanyWebsite:
https://www.merckgroup.com/
Merck is a global pharmaceutical and life sciences company that operates in three main business sectors, including healthcare, life science, and performance materials. It focuses on developing and providing prescription medicines, including treatments for cancer, multiple sclerosis, infertility, and diabetes. It also offers tools and reagents for genomics, proteomics, and drug discovery, as well as products for bioprocessing and cell culture research. The company also offers hydrogen peroxide, which is used as a disinfectant, antiseptic, and bleaching agent in the various chemicals, pharmaceutical, and food industries. Moreover, it offers a range of consumer health products, such as vitamins and over-the-counter medications.
Establishment:
Headquarters:
Taipei, TaiwanWebsite:
https://www.ccp.com.tw/
Chang Chun Group offers a wide range of petrochemical products, such as polyvinyl alcohols, butanediol, and propylene alcohols. It holds a strong presence in many countries and is a subsidiary of Chang Chun Group, which is a diversified company with interests in chemicals, electronics, textiles, and other industries. It focuses on developing new products and applications that meet the needs of its customers and contribute to a more sustainable future. It also aims to provide innovative and sustainable solutions.
Establishment:
Headquarters:
ChinaWebsite:
https://www.trulioo.com/
Guangdong Zhongcheng Chemicals Inc., Ltd. is a chemical manufacturer with principal businesses in the textile, pulp and paper, food, detergent, and kaolin clay industries. It produces a range of chemicals, including sodium carbonate peroxide, sodium metabisulfite, carved white block, zinc oxide, sodium thiosulfate, hydrogen, liquid argon, and liquid nitrogen. It is committed to providing high-quality products and services to its customers and has a strong focus on research and development. Presently, the company employs over 1,200 people and has a presence in many countries around the world.
Establishment:
Headquarters:
Seoul, South KoreaWebsite:
https://hansol.com/
Hansol Holdings is a fine chemicals company that produces and distributes hydrogen peroxide, sodium hydrosulfite, benzoyl peroxide, and other chemical products. It is committed to providing high-quality products and services to its customers and strongly focuses on research and development. Its core product includes hydrogen peroxide, which is used by the paper, textile, and electronics industries, among others. The company exports more than 50% of its production to the US, Japan, and 50 other countries and has implemented a systematic master plan for green management since its establishment.
About Author:
Shree Basu
Senior Content Writer at IMARC Services Private Limited
Shree Basu is an experienced content writer with a passion for researching about diverse markets, ranging from technology to chemistry to agriculture. She has around two years of experience in different aspects of market research and has worked with multiple startups and enterprises in the B2B, B2C, and retail industries. In her free time, Shree enjoys reading, feeding stray animals, and watching crime documentaries.
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