Hydrogen peroxide (H2O2) is a very pale blue liquid which appears colorless in a dilute solution, slightly more viscous than water. It is a weak acid. It has strong oxidizing properties and is therefore a powerful bleaching agent that is mostly used for bleaching paper, but has also found use as a disinfectant, as an oxidizer, and as a propellant for rockets.
The chemical industry also uses hydrogen peroxide. Rising adoption of the hydrogen peroxide in the production of propylene oxide is anticipated to boost the demand for hydrogen peroxide in the chemical industry in the near future. The other uses of hydrogen peroxide are found across industries such as in textile, electronics, and food processing. Hydrogen peroxide is used in the electronics industry for pickling of metal surfaces. It is also used to bleach natural and synthetic fibers in the textile industry.
Demand for hydrogen peroxide is expected to increase from this industry in the near future owing to increasing usage of paper across the globe. Advent of internet and digitalization has reduced the use of newsprint paper in developed countries. However, rising demand for paper in personal care and packaging industries in developing countries has propelled the overall demand for paper.
The market in the region is driven by rising demand from paper and pulp, chemical, and wastewater treatment industries. In terms of value, the market is anticipated to expand at a CAGR of 5.3% between 2017 and 2025. Global paper &pulp industry may consume hydrogen peroxide worth over USD 2,500 million by 2024. As a whole there is a good scope for new entrepreneur to invest in this business.
Few Indian major players are as under:
- Aditya Birla Chemicals (India) Ltd.
- Arkema Chemicals India Pvt. Ltd.
- Asian Peroxides Pvt. Ltd.
- Chemasia Industries Pvt. Ltd.
- Gujarat Alkalies & Chemicals Ltd.
- K P L International Ltd.
- National Peroxide Ltd.
- Omni Dye-Chem Exports Ltd.
- Solvay Specialities India Pvt. Ltd.
- Swastic Corporation Ltd.