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According to the latest research report from SRI Consulting (SRIC), the current global production of hydrogen peroxide is in a rising stage. The capacity will reach 2.2 million tons/year by 2009, and the consumption of hydrogen peroxide will continue to be demanded by the pulp and paper bleaching industry. Increased growth stimulus. In addition, the demand for hydrogen peroxide as a raw material for the production of propylene oxide (PO) is also increasing year by year, and will reach 150,000 tons/year by 2009. Due to the lack of new capacity, the operating rate of hydrogen peroxide plants in the world has been above 95% for the past two years. Shawn Abrams, head of the hydrogen peroxide business at Degussa, said that the company is cautiously optimistic about the future global hydrogen peroxide market.
Steve Rogers, a consultant with London-based Harriman Chemsult, pointed out that in 2006, the demand for hydrogen peroxide in the North American market grew by 1%. However, Rogers said that due to the closure of some paper mills in the United States, the demand for hydrogen peroxide in the North American market in 2007 will grow at the same level as in 2006. Arkema has recently expanded its hydrogen peroxide plant capacity in Becancour, Quebec, Canada, from the previous 20,000 tons/year to 93,000 tons/year. After the expansion was completed, Arkema’s hydrogen peroxide production capacity in North America reached 163,000 tons/year, accounting for approximately 20% of the North American market.
Rogers stated that Degussa and some other hydrogen peroxide producers are expanding their hydrogen peroxide production capacity in South America because of strong demand in the pulp and paper market in the region. Degussa is expanding its hydrogen peroxide plant in Brazil's Barra do Riacho, which will have a production capacity of more than 70,000 tons/year, while retaining the possibility of further expansion.
SRIC said that in 2007, the growth rate of demand for hydrogen peroxide market in Europe is expected to be 3%, which is lower than the growth rate of 4% to 5% in 2006. However, according to Abrams, the demand for hydrogen peroxide in the European pulp and paper market is still strong, and some installations in the region are currently in expansion. However, manufacturers are more worried about the rising cost of raw materials. Solvay is currently building a new 230,000 tonne/year hydrogen peroxide plant in Antwerp, Belgium, which is expected to start production in January 2008.
The hydrogen peroxide market in Asia is rapidly expanding. The expansion of hydrogen peroxide production capacity in the region, especially in China, is prompting a dramatic increase in hydrogen peroxide exports in the region, and producers are concerned about possible future price pressures.
Steve Rogers, a consultant with London-based Harriman Chemsult, pointed out that in 2006, the demand for hydrogen peroxide in the North American market grew by 1%. However, Rogers said that due to the closure of some paper mills in the United States, the demand for hydrogen peroxide in the North American market in 2007 will grow at the same level as in 2006. Arkema has recently expanded its hydrogen peroxide plant capacity in Becancour, Quebec, Canada, from the previous 20,000 tons/year to 93,000 tons/year. After the expansion was completed, Arkema’s hydrogen peroxide production capacity in North America reached 163,000 tons/year, accounting for approximately 20% of the North American market.
Rogers stated that Degussa and some other hydrogen peroxide producers are expanding their hydrogen peroxide production capacity in South America because of strong demand in the pulp and paper market in the region. Degussa is expanding its hydrogen peroxide plant in Brazil's Barra do Riacho, which will have a production capacity of more than 70,000 tons/year, while retaining the possibility of further expansion.
SRIC said that in 2007, the growth rate of demand for hydrogen peroxide market in Europe is expected to be 3%, which is lower than the growth rate of 4% to 5% in 2006. However, according to Abrams, the demand for hydrogen peroxide in the European pulp and paper market is still strong, and some installations in the region are currently in expansion. However, manufacturers are more worried about the rising cost of raw materials. Solvay is currently building a new 230,000 tonne/year hydrogen peroxide plant in Antwerp, Belgium, which is expected to start production in January 2008.
The hydrogen peroxide market in Asia is rapidly expanding. The expansion of hydrogen peroxide production capacity in the region, especially in China, is prompting a dramatic increase in hydrogen peroxide exports in the region, and producers are concerned about possible future price pressures.
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