Share This Page
Drug Price Trends for HM HYDROGEN PEROXIDE
✉ Email this page to a colleague
Average Pharmacy Cost for HM HYDROGEN PEROXIDE
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| HM HYDROGEN PEROXIDE 3% SOLN | 62011-0267-03 | 0.01800 | ML | 2025-01-22 |
| HM HYDROGEN PEROXIDE 3% SOLN | 62011-0267-03 | 0.01794 | ML | 2024-12-18 |
| HM HYDROGEN PEROXIDE 3% SOLN | 62011-0267-03 | 0.01799 | ML | 2024-11-20 |
| HM HYDROGEN PEROXIDE 3% SOLN | 62011-0267-03 | 0.01798 | ML | 2024-10-23 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Hydrogen Peroxide Market Analysis and Price Projections
Introduction to Hydrogen Peroxide Market
Hydrogen peroxide is a versatile chemical with a wide range of applications, including healthcare, paper and pulp, textiles, electronics, and wastewater treatment. The market for hydrogen peroxide is experiencing significant growth, driven by increasing demand from various end-user industries.
Global Market Size and Growth
The global hydrogen peroxide market is substantial and growing steadily. As of 2021, the market size was valued at $5.37 billion and is projected to reach $8.90 billion by 2031, with a Compound Annual Growth Rate (CAGR) of 5.2% from 2022 to 2031[3].
For the period 2025-2033, the market is expected to grow from $3.68 billion to $5.74 billion, at a CAGR of 5.7%[4].
Key Drivers of Market Growth
Healthcare and Disinfection
The demand for hydrogen peroxide in healthcare has surged, particularly during the COVID-19 pandemic, due to its effectiveness in disinfection and sterilization. This trend is expected to continue, driving market growth[3].
Paper and Pulp Industry
The paper and pulp industry is another significant driver, as hydrogen peroxide is widely used for bleaching and cleaning processes. The increasing consumption of hydrogen peroxide as a raw material for propylene oxide production (HPPO process) also contributes to market growth[1].
Environmental Sustainability
Hydrogen peroxide's environmentally friendly properties enhance its adoption across various applications, supporting continued market expansion. Its use in wastewater treatment is a notable example of this trend[1].
Regional Market Analysis
Asia-Pacific
The Asia-Pacific region is expected to dominate the market and witness the highest CAGR during the forecast period. Rapid industrialization in this region, particularly in countries like China and India, is driving the demand for hydrogen peroxide. The growth of the electronic industry in these countries further supports market growth[1].
North America and Europe
In North America, the hydrogen peroxide market saw a substantial price surge in the latter phase of 2024 due to heightened demand and supply challenges. Despite this, the market maintained stability aided by subsidized inventories and a balanced supply-demand dynamic[5].
In Europe, the prices of hydrogen peroxide have remained stable, with regional variations influenced by factors such as demand from downstream industries and supply constraints[5].
Price Trends and Projections
Current Prices
As of December 2024, the prices of hydrogen peroxide vary by region:
- North America: $0.34/KG
- Europe: $0.57/KG
- Northeast Asia: $0.11/KG
- Southeast Asia: $0.73/KG, with a 1.4% increase[2].
Historical Price Trends
In the Asian markets, the fourth quarter of 2023 saw a decline in prices due to weak demand and ample inventories. However, prices inclined after the Lunar New Year holidays due to supply-demand mismatches[5].
In North America, the market experienced a price surge in the latter part of the first quarter of 2024, influenced by heightened demand and supply challenges[5].
Future Outlook
The price trend for hydrogen peroxide is expected to maintain stability in the next quarters, supported by a balance between supply and demand. However, factors such as rising inflation levels and uncertain demand from end-user industries may cause mixed trends in the coming quarter[5].
Challenges and Limitations
Health Hazards
Exposure to hydrogen peroxide poses severe health risks, including eye and skin damage, which can hamper market growth. Ensuring safe handling and use practices is crucial to mitigate these risks[4].
Supply Chain Disruptions
Supply chain disruptions, such as the closure of the Baltimore port and diversion of the Red Sea route, have impacted profit margins and led to price fluctuations. These disruptions can continue to affect market stability[5].
Market Concentration and Major Players
The hydrogen peroxide market is highly concentrated, with a few major players dominating the industry. These players are investing in research and development to improve production processes and expand their product offerings[1].
End-User Industries
Textiles and Electronics
Hydrogen peroxide is used in the textiles industry for bleaching and in the electronics industry for cleaning and etching processes. The growth in these industries is expected to boost the demand for hydrogen peroxide[4].
Mining and Wastewater Treatment
Its use in mining for ore processing and in wastewater treatment for disinfection and oxidation processes further diversifies its applications[4].
Environmental Impact
Hydrogen peroxide's environmentally friendly properties make it a preferred choice in various industrial processes. Its use in wastewater treatment and as a substitute for chlorine-based bleaching agents in the paper and pulp industry contributes to environmental sustainability[1].
Key Takeaways
- The global hydrogen peroxide market is projected to grow significantly, driven by demand from healthcare, paper and pulp, and other industries.
- The Asia-Pacific region is expected to dominate the market due to rapid industrialization.
- Price trends are expected to remain stable, influenced by supply-demand dynamics and regional factors.
- Health hazards and supply chain disruptions are key challenges that need to be addressed.
- The market is highly concentrated, with major players driving innovation and growth.
FAQs
Q: What is the projected market size of the hydrogen peroxide market by 2031? A: The global hydrogen peroxide market is projected to reach $8.90 billion by 2031[3].
Q: Which region is expected to dominate the hydrogen peroxide market? A: The Asia-Pacific region is expected to dominate the market and witness the highest CAGR during the forecast period[1].
Q: What are the main drivers of the hydrogen peroxide market growth? A: The main drivers include increasing demand from healthcare for disinfection and sterilization, and its widespread use in the paper and pulp industry for bleaching and cleaning processes[3].
Q: What are the potential challenges facing the hydrogen peroxide market? A: Health hazards associated with exposure to hydrogen peroxide and supply chain disruptions are significant challenges[4][5].
Q: How does hydrogen peroxide contribute to environmental sustainability? A: Hydrogen peroxide's use in wastewater treatment and as a substitute for chlorine-based bleaching agents in the paper and pulp industry contributes to environmental sustainability[1].
Sources
- Mordor Intelligence: Hydrogen Peroxide Market Report | Industry Trends, Size & Analysis
- Business Analytiq: Hydrogen peroxide price index
- Allied Market Research: Hydrogen Peroxide Market Size, Share | Industry Forecast, 2031
- Straits Research: Global Hydrogen Peroxide Market Size, Top Share, Report to 2033
- Procurement Resource: Hydrogen Peroxide Price Trend and Forecast
More… ↓
