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India Hydrogen Peroxide Market Analysis: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, End Use, Grade, Application, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2030
|India Hydrogen Peroxide Market Analysis: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, End Use, Grade, Application, Sales Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2030|
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India Hydrogen Peroxide market demand stood at 0.29 Million Tonnes in FY2021 and is forecast to reach 0.5 Million Tonnes by FY2030, growing at a healthy CAGR of 6.4% until FY2030. Increasing use of Hydrogen Peroxide in versatile applications like pulp and paper industry, textile, water treatment, and its usage in the food and beverage industry is triggering the product's overall demand. Although increased digitization has dropped down the overall paper demand, however the packaging sector still acts as a supporting factor. The growing public awareness has compelled most paper manufacturers to invest heavily in greener technologies which are to be used in the paper manufacturing process where Hydrogen Peroxide finds its use.
Countries like India and China are the manufacturing hub for industrial Hydrogen Peroxide and thus pose a promising market for industrial Hydrogen Peroxide. With the paper and pulp industry as the key user of Hydrogen Peroxide in India, the demand for Hydrogen Peroxide is set to increase due to the improved performance of the paper industry over the past few years. Hydrogen is a key raw material for Hydrogen Peroxide, which is obtained by processing natural gas. Hence, natural gas prices have a strong influence on the overall production cost of Hydrogen Peroxide.
The rapid expansion of Hydrogen Peroxide capacity in India with new domestic players setting up new H2O2 plants and the old players rigorously expanding their capacities has made India's Hydrogen Peroxide market more competitive. However, strong demand from the paper industry driving the sales and anti-dumping duty shielding the product margins, are anticipated to give a strong push to India's Hydrogen Peroxide market over the next five years. The hydrogen Peroxide market in India has been segmented into North, South, East, and West. West region is the lead consumer of Hydrogen Peroxide owing to increased demand from pulp and paper mills predominantly located in this region.
Due to the outbreak of COVID-19 in FY2020, the world economy was disrupted. Indian economy also suffered a setback due to the pandemic situation. Manufacturing units were shut down and the disruption in the supply chain was observed. Furthermore, the major market players intentionally halted the production keeping their employee's health and wellness in mind. With imposed new regulations of the COVID-19 and proper precautions, the market is anticipated to regain its growth in the years to come. The pandemic is slowly being subsided and the effects are tried to be overcome by various methods. Once the market regains the full function of its production unit, the market is bound to show robust growth in the forecast period. With the use of hydrogen peroxide in healthcare, paper, and other industries the market is expected to soon regain its composure and show healthy growth in the years to come.
Historical Years: FY2015 - FY2020
Base Year: FY2021
Estimated Year: FY2022
Forecast Period: FY2023- 2030
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Major players manufacturing Hydrogen Peroxide in India include National Peroxide Limited, India Peroxide Limited, Gujarat Alkalies And Chemicals Limited, Hindustan Organics Chemicals Limited, Asian Peroxides Limited, and others. To expand its chemicals business, Meghmani Organics Limited is planning to set up a new 25,000 MTPA Hydrogen Peroxide (50%) plant and National Peroxide Limited is planning to expand its Kalyan plant capacity from 95KTPA to 150 KTPA in FY'20. New entries into the Hydrogen Peroxide business will increase competition among already existing players.
The imports of Hydrogen Peroxide contribute to nearly 20% of India's total demand. The imports majorly come from Thailand, Bangladesh, Pakistan, Korea, and Taiwan. National Peroxide Limited and Hindustan Organic Chemicals Ltd. had filed an application in April 2018 before the Directorate General of Anti-Dumping & Allied Duties to carry out an anti-dumping investigation and impose anti-dumping duty on imports of Hydrogen Peroxide from Bangladesh, Taiwan, Korea, Indonesia, Pakistan, and Thailand. With the implementation of anti-dumping duty on six countries i.e. Bangladesh, Taiwan, South Korea, Indonesia, Pakistan, and Thailand, domestic players are now expecting higher profit margins.
To extract data for India Hydrogen Peroxide market, primary research surveys were conducted with Hydrogen Peroxide manufacturers, suppliers, distributors, wholesalers, and end users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end user segments and projected a positive outlook for India Hydrogen Peroxide market over the coming years.
ChemAnalyst calculated Hydrogen Peroxide demand in India by analyzing the historical data and demand forecast was carried out considering crude oil prices. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Hydrogen Peroxide manufacturers, distributors, and policymakers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
In this report, the India Hydrogen Peroxide market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Market, by Concentration: 100%, 60%, 50%, 35%, 30% and Others
Market, by Grade: Standard Grade, Specialty Grade
Market, by End Use: Pulp and Paper, Mining, Wastewater Treatment, Textile, Cosmetics & Healthcare, etc.
Market, by Application: Disinfectant, Bleaching, Oxidant, and Other Product Functions
Market, by Sales Channel: Direct/Institutional Sales, Retail Sales, Other Channel Sales
Market, by Region: North, West, East, and South
With the given market data, ChemAnalyst offers customizations according to a company's specific needs.