Global Hydrogen Peroxide Industry Research Report, Growth Trends and Competitive Analysis 2024-2030

Hydrogen Peroxide Market 

The global Hydrogen Peroxide market size was US$ 4126.4 million in 2023 and is forecast to a readjusted size of US$ 5240.8 million by 2030 with a CAGR of 3.2% during the forecast period 2024-2030. Key drivers of the hydrogen peroxide market include widespread usage in chemical processing, the cosmetics industry, wastewater treatment, textiles, and pulp bleaching. Hydrogen peroxide is a chemical compound that is slightly pale blue in color and is used for oxidizing, bleaching, and antiseptic purposes by consumers and a wide range of industries.

The chemical also finds application in the dentistry industry in lower concentrations for treating certain infections and diseases. Hence widespread application by various end-use industries is expected to propel the growth of the market.

Other factors contributing to the growth of the hydrogen peroxide market are the rapid expansion of the electronics industry, rising usage for deodorizing and stain removal, rise in demand for disinfectants and cleaning products owing to the covid19 outbreak, stricter government regulations for sanitizing airports, commercial buildings, train platforms, and other public spaces, etc. Due to the ongoing pandemic, the demand for sanitizers and disinfectants has skyrocketed leading to a huge growth of the hydrogen peroxide market during the forecast period. Further hydrogen peroxide is also used as an antimicrobial agent in the food and beverages industry for proper storage, preservation, and manufacturing of food items. Thus the growing adoption of H2O2 among various industry verticals will provide lucrative opportunities for the growth of the market.

Trends Influencing the Global Hydrogen Peroxide (H2O2) Market

Widespread application in end-use industries will accelerate the growth of the market

Hydrogen peroxide is an excellent bleaching agent used in the paper, pulp, and textile industry for the smooth treatment of natural and synthetic fibers giving out a fresh natural brightness. Its antimicrobial properties also provide relief in case of wound healing, reduce plaque and help in the reduction of gingivitis indices. Further, the chemical is also used as a cleaning and oxidizing agent in cosmetics, homecare, personal care, food and beverages sector for manufacturing cheese, tea, and the electronics industry. Moreover, the growing usage of hydrogen peroxide as a disinfectant for water purification and treatment also provides huge scope for growth. Thus widespread demand from various end-user industry verticals will fuel the growth of the hydrogen peroxide market during the forecast period.

Niche area usage will surge the growth of the market

Hydrogen peroxide is also widely used in niche areas such as gardening, horticulture, laundry, glow sticks, and fish keeping. It is an excellent low-cost bleaching agent that is used for deodorizing and stain removal in all washable and die-stable fabrics. The chemical is used for the production of chemiluminescence which is basically an emission of light due to a chemical reaction resulting in the production of glow sticks. Further weak hydrogen peroxide solutions are used for watering plants which helps in enhancing a plant’s root development, preventing root rot and other pests. Moreover, hydrogen peroxide also finds application in aquaculture for controlling mortality caused by other microbes and increasing oxygen levels for small fish. Thus growing usage in niche fields will drive the growth of the Hydrogen Peroxide Market during the forecast period.

Expanding chemical industry will spur the growth of the market

The rapid expansion of the chemical industry will also contribute to the growth of the market during the forecast period. Hydrogen peroxide is used increasingly for the production of peracetic acid, flame retardants, Propylene oxide process, herbicide production, and various others. As an important part of the chemical industry which is seeing exponential growth due to rising private sector investments and geographical expansion, the demand for hydrogen peroxide is expected to rise further in the coming years. Thus growing expansion of the chemical industry will significantly fuel the growth of the hydrogen peroxide market during the forecast 

Covid 19 impact has created a growing demand for the growth of the market

Due to stricter government guidelines and regulations disinfecting public and private spaces has become the most important protocol for restricting the spread of coronavirus disease. Due to the sudden spread of the pandemic, there has been a huge increase in the usage of disinfectants and cleaning products. Commercial buildings, airports, train platforms, households, etc all are being sterilized for maintaining cleanliness and hygiene during these uncertain times. Thus increasing consumption of disinfectants is driving the growth of the hydrogen peroxide market as H2O2 chemical compound is mainly used for manufacturing disinfectants.

Hydrogen Peroxide Market Share

Global hydrogen peroxide key players include Solvay, Evonik, Arkema, Peroxy Chem, Akzo Nobel, etc. Global top 5 manufacturers hold a share about 45%.

Asia-Pacific is the largest market, with a share over 50%, followed by Europe and North America, both have a share over 40 percent.

In terms of product, 27.5 % hydrogen peroxide is the largest segment, with a share over 52%. And in terms of application, the largest application is paper industry, followed by chemical.

Hydrogen Peroxide Market Segmentation

By Type

• Purity 27.5%
• Purity 35%
• Purity 50%
• Others.

By Application

• Paper Industry
• Textile Industry
• Electronics Industry
• Chemical Industry
• Others.

By Region

• North America
• United States
• Canada
• Asia-Pacific
• China
• Japan
• South Korea
• India
• Southeast Asia
• Australia
• Rest of Asia-Pacific
• Europe
• Germany
• France
• UK.
• Italy
• Russia
• Nordic Countries
• Rest of Europe
• Latin America
• Mexico
• Brazil
• Rest of Latin America
• Middle East & Africa
• Turkey
• Saudi Arabia
• UAE
• Rest of MEA

Key Companies

• Solvay
• Evonik
• Arkema
• Peroxy Chem
• Akzo Nobel
• Kemira
• MGC
• OCI Chem
• NPL
• Zhongneng Chemical
• Luxi Chemical
• Liuzhou Chemical Group
• Jinhe shiye
• Jincheng Anthracite Jinshi Chemical
• HEC
• Shandong Yangmeihengtong Chemical
• Kingboard Chemical
• Guangdong Zhongcheng Chemical
• Jinke Chemical.

Scope of Hydrogen Peroxide Market Report

Report Metric	Details
Report Name	Hydrogen Peroxide Market
Market size value in 2023	USD 4126.4 Million
Revenue forecast in 2030	USD 5240.8 Million
Growth Rate	CAGR of 3.2%
Base year considered	2023
Forecast Period	2024 - 2030
Segment by Type	Purity 27.5%, Purity 35%, Purity 50%, Others.
Segment by Application	Electronics Industry, Paper Industry, Textile Industry, Chemical Industry, Others