Hydrogen peroxide price May 2023 and forecast (see chart below)
- USA:US$0.56/KG, 1.8% up
- Europe:US$0.63/KG, unchanged
- China:US$1.1/KG, -0.9% down
- SEA:US$0.92/KG, -2.1% down
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Hydrogen peroxide price index
This post is a summary of the hydrogen peroxide price developments. The price developments of hydrogen peroxide are expressed in US$ prices converted FX rates applicable at the time when the price was valid. Hydrogen peroxide price index developments are calculated from multiple separate sources of data to ensure statistical accuracy.
The outlook for Hydrogen peroxide prices, on the second tab, is generated from different inputs including:
- Very recent price developments of immediate cost drivers of Hydrogen peroxide prices
- Recent price developments of underlying feedstocks which drive the price of Hydrogen peroxide
- Market futures for both cost drives and feedstocks of Hydrogen peroxide prices
- Adjustment of current supply/demand imbalances in the Hydrogen peroxide market
- Longer term trends in likely demand conditions
Further information on the Hydrogen peroxide price chart
What is Hydrogen peroxide
Hydrogen peroxide is a chemical compound with the chemical formula H2O2. It is a colorless liquid that is commonly used as a bleach and oxidizer. It is a strong oxidizer and can release oxygen gas when it comes into contact with organic materials or catalysts, making it useful as a cleaning agent and for sanitizing surfaces. In low concentrations, hydrogen peroxide is used in the treatment of cuts and wounds as a disinfectant, and in higher concentrations, it can be used for hair lightening or as a rocket propellant. Hydrogen peroxide can be toxic if ingested or applied in high concentrations, and can cause skin and eye irritation.
What is Hydrogen peroxide used for
Hydrogen peroxide has a wide range of uses, including:
Disinfectant
Hydrogen peroxide is often used as a disinfectant due to its oxidizing properties. It can be used to sanitize surfaces, equipment, and wound dressings.
Bleaching agent
Hydrogen peroxide is commonly used as a bleach for clothes and hair, as well as for teeth whitening.
Oxidizer
Hydrogen peroxide is used as an oxidizer in rocket fuels and as an initiator in the manufacture of foam products.
Environmental applications
Hydrogen peroxide is used in wastewater treatment to remove organic contaminants and for soil and groundwater remediation to break down harmful chemicals.
Medical uses
Hydrogen peroxide is used in low concentrations as an antiseptic for cleaning wounds and in higher concentrations as an oxygen source for medical treatments such as oxygen therapy.
Food industry
Hydrogen peroxide is used in the food industry as a sanitizer and a bleaching agent for flour and spices.
How is Hydrogen peroxide produced
Hydrogen peroxide can be produced through a variety of methods, including:
Electrolysis of water
This is the most common method of producing hydrogen peroxide on a large scale. Water is electrolyzed to produce hydrogen and oxygen, and the hydrogen and oxygen are combined to form hydrogen peroxide.
Chemical synthesis
Hydrogen peroxide can be synthesized from hydrogen and oxygen by using a catalyst, such as manganese dioxide, to increase the rate of reaction.
Biological production
Hydrogen peroxide can be produced by certain bacteria and plant tissues as a natural byproduct of cellular metabolism.
Regardless of the method used, the production of hydrogen peroxide requires the careful control of conditions such as temperature, pressure, and the presence of catalysts to ensure the safety of the process and the quality of the final product.
What drives the cost of hydrogen peroxide
The cost of hydrogen peroxide is influenced by a number of factors, including:
Raw material prices
Hydrogen peroxide is primarily produced from hydrogen and oxygen, and the cost of these raw materials can affect the overall cost of hydrogen peroxide.
Production process
The cost of producing hydrogen peroxide depends on the production process used, and factors such as energy consumption, catalyst costs, and the complexity of the process can all impact the cost of hydrogen peroxide.
Capacity utilization
The cost of hydrogen peroxide can be affected by the level of capacity utilization at hydrogen peroxide production facilities.
Transportation and storage
The cost of transporting and storing hydrogen peroxide can also affect its price, especially for large-scale shipments, due to the cost of specialized equipment and the risk of spills and leaks.
Government regulations
Environmental regulations and taxes can also affect the cost of hydrogen peroxide, as companies may need to invest in equipment and processes to reduce emissions and meet regulatory standards.
It is important to note that the cost of hydrogen peroxide can vary significantly depending on the region, the intended application, and the quality and purity requirements of the hydrogen peroxide.
What types of Hydrogen peroxide are there
There are several types of hydrogen peroxide that are formulated for specific uses, including:
Technical-grade hydrogen peroxide
This is a concentrated form of hydrogen peroxide that is used primarily for industrial and manufacturing purposes.
Food-grade hydrogen peroxide
This type of hydrogen peroxide is used in the food industry as a sanitizer and a bleach.
Cosmetic-grade hydrogen peroxide
This type of hydrogen peroxide is used in cosmetics and personal care products, such as hair bleach and teeth whiteners.
Pharmaceutical-grade hydrogen peroxide
This type of hydrogen peroxide is used in the medical field for wound care and as an oxygen source for medical treatments.
Reagent-grade hydrogen peroxide
This type of hydrogen peroxide is used in chemical analysis and research.
The purity and concentration of hydrogen peroxide vary depending on the type and the intended use.
How big is the global hydrogen peroxide market
The global hydrogen peroxide market size was estimated to be around $7 billion in 2020, and it is expected to grow at a compounded annual growth rate (CAGR) of around 4% during the forecast period 2021 to 2028. The growth of the hydrogen peroxide market is driven by increasing demand from various end-use industries, such as paper and pulp, textiles, water treatment, and personal care. In addition, the growing demand for eco-friendly and sustainable chemical products is expected to further boost the growth of the hydrogen peroxide market.
However, the growth of the hydrogen peroxide market is also subject to certain challenges, such as stringent regulations on the use of hydrogen peroxide due to its hazardous nature, and the high cost of production and transportation. Nevertheless, the ongoing research and development in the field of hydrogen peroxide, along with the increasing demand for hydrogen peroxide in various applications, is expected to provide opportunities for market growth in the coming years.
Hydrogen peroxide are the world’s 2034th most traded product.
According to https://oec.world/ :In 2020, the top exporters of Hydrogen peroxide were Belgium ($87.1M), Netherlands ($85.8M), South Korea ($79.4M), Thailand ($58.8M), and Germany ($57.9M).
In 2020, the top importers of Hydrogen peroxide were Germany ($89.8M), Japan ($54.4M), Chinese Taipei ($42.3M), Italy ($40.3M), and Russia ($35.1M).
Who are major producers of hydrogen peroxide
There are several major producers of hydrogen peroxide around the world, some of which include:
Evonik Industries AG
Evonik Industries AG is a German-based chemical company that is one of the largest producers of hydrogen peroxide globally.
Solvay
Solvay is a Belgian-based chemical company that produces hydrogen peroxide for various applications, including pulp and paper, electronics, and textiles.
Kemira
Kemira is a Finnish-based chemical company that produces hydrogen peroxide for various applications, including water treatment, pulp and paper, and oil and gas.
AkzoNobel
AkzoNobel is a Dutch-based chemical company that produces hydrogen peroxide for various applications, including pulp and paper, textiles, and water treatment.
Mitsubishi Gas Chemical Company, Inc
Mitsubishi Gas Chemical Company is a Japanese-based chemical company that produces hydrogen peroxide for various applications, including pulp and paper, textiles, and electronics.
These are some of the major producers of hydrogen peroxide, but there are also many other companies and smaller producers around the world that contribute to the global hydrogen peroxide market. The market is highly competitive, and the leading producers continue to invest in research and development to improve production processes, increase efficiency, and meet changing market demands.
Further information
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Notes on the price-data
- We aim to update the data series on the 9th and 24th of each month (but we do not always make it for each chart)
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