The Global Hydrogen Peroxide Market size is expected to reach $4.5 billion by 2030, rising at a market growth of 5.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 4,991.76 kilo tonnes experiencing a growth of 4.7% (2019-2022).
Hydrogen peroxide is an integral part of infection control protocols in healthcare settings. Regular disinfection of surfaces, medical equipment, and common areas helps minimize the spread of infections within hospitals and clinics. Consequently, the healthcare segment would generate approximately 8.3% share of the market by 2030. In dental settings, hydrogen peroxide is utilized for disinfecting dental instruments and surfaces. It is also a component in some oral care products for its antimicrobial properties. As a result, there will be increased demand in the segment. Some of the factors affecting the market are growing environmental awareness worldwide, rising usage in the pulp and paper industry adoption of alternative technologies and chemical formulations.
One of the primary reasons hydrogen peroxides is considered environmentally friendly is its unique ability to decompose into water (H2O) and oxygen (O2) without leaving harmful residues. This decomposition occurs naturally, contributing to a reduced environmental impact compared to chemicals that may persist. Hydrogen peroxide is chemically stable, and its decomposition occurs straightforwardly. This stability reduces the likelihood of the compound accumulating in the environment and causing long-term harm, aligning with sustainability goals. These factors will drive the demand for hydrogen peroxide in the coming years. Moreover, the use of hydrogen peroxide in pulp bleaching contributes to the production of high-quality pulp with improved brightness and whiteness. This is crucial for meeting the quality standards of end-users and responding to market preferences for aesthetically pleasing and environmentally friendly paper products. These factors will drive the demand for hydrogen peroxide in the coming years.
Advancements in disinfection technologies may present alternatives to hydrogen peroxide in certain applications, especially in healthcare and surface disinfection. Emerging technologies such as UV-C light, ozone generators, and novel chemical formulations may offer more targeted or rapid disinfection solutions, impacting the demand for hydrogen peroxide-based disinfectants. Developing bio-based disinfectants derived from renewable resources may pose competition to hydrogen peroxide. These factors will lead to hampered growth in the market.

Application Outlook
Based on application, the market is divided into pulp & paper, chemical synthesis, wastewater treatment, mining, food & beverages, personal care, healthcare, textiles, and others. The wastewater treatment segment procured a significant revenue share in the market in 2022. Wastewater often contains a mix of organic and inorganic pollutants, including dyes, heavy metals, and organic chemicals. Hydrogen peroxide’s versatility allows it to target and degrade these compounds, facilitating the removal of contaminants from water sources. Owing to these factors, there will be increased growth in the segment.
Function Outlook
On the basis of function, the market is divided into disinfectant, bleaching, oxidant, and others. The bleaching segment recorded the maximum revenue share in the market in 2022. Hydrogen peroxide is extensively used in the textile industry for fabric and garment bleaching. Textile manufacturers choose hydrogen peroxide over traditional bleaching agents due to its effectiveness, safety, and environmental benefits. The pulp and paper industry are a major consumer of hydrogen peroxide for bleaching processes. As the industry seeks environmentally friendly alternatives to chlorine-based bleaching agents, hydrogen peroxide has gained prominence. These factors will boost the demand in the segment.
Regional Outlook
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America segment acquired a considerable revenue share in the market. North America strongly emphasizes environmental sustainability, and hydrogen peroxide aligns with this commitment. As it decomposes into water and oxygen, the chemical’s eco-friendly nature resonates with industries and consumers who prioritize sustainable and green practices. These aspects will pose lucrative growth prospects for the segment.
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Evonik Industries AG (RAG-Stiftung), TAEKWANG Industrial Co., ltd., Arkema S.A., Grupa Azoty S.A., Solvay SA, Akzo Nobel N.V., Gujarat Alkalies and Chemicals Limited, Mitsubishi Gas Chemical Company, Inc., OCI Company Ltd., Airedale Chemical Holdings Limited.
Strategies Deployed in Hydrogen Peroxide Market
Dec-2023: Evonik Industries AG has successfully finalized the takeover of Thai Peroxide Company Limited, previously a joint venture with the Aditya Birla Group. This acquisition involved securing the remaining 50% share from the Aditya Birla Group, empowering Evonik Industries to bolster its production capabilities for specialty-grade hydrogen peroxide and peracetic acid in the dynamic Asia Pacific market. This strategic move is in line with Evonik’s dedication to advancing its Active Oxygens business line, with a focus on specialized solutions tailored for innovative applications in the coming years.
Nov-2023: Evonik Industries AG has entered into an agreement with Fuhua Tongda Chemicals Company, a chemical manufacturing firm. As part of this Agreement, Fuhua Tongda Chemicals will establish a new hydrogen peroxide plant in Leshan, Sichuan Province, China, utilizing Evonik’s technology. Additionally, the agreement involves the joint production and marketing of specialty grades of hydrogen peroxide to address the increasing demand for this chemical in China.
Sep-2023: Arkema S.A. has significantly boosted the production capacity of its Changshu site in China by two-and-a-half times. This expansion is a strategic move by Arkema to cater to the needs of its customers in the rapidly growing Asian market, with a particular focus on supporting renewable energy initiatives. In conjunction with this, the Arkema Group has expanded its organic peroxide operations in China, complementing a 70% capacity increase in India in 2022 and the doubling of capacity at the Luperox 101 plant in G?nzburg, Germany, scheduled for this summer.
Mar-2023: P&O Chemical Co., Ltd., a joint venture between POSCO FUTURE M Co., Ltd. and OCI Company Ltd., has initiated the production of electron-grade hydrogen peroxide, a key component in semiconductor cleaning. In a significant expansion effort, P&O Chemical has obtained certification for the manufacturing of electronic-grade hydrogen peroxide products and is poised to commence commercial production in the near future. The company has made substantial investments in enabling the commercial production of hydrogen peroxide, aiming to enhance its overall performance now that the production of its flagship products is underway.
Jul-2022: Solvay SA has unveiled its strategy to establish a new facility for the production of electronic-grade hydrogen peroxide (eH2o2) in Casa Grande, Arizona, aiming to address the increasing demand in the U.S. semiconductor manufacturing market. This expansion initiative involves the conversion of hydrogen peroxide into an ultra-high purity grade, specifically designed for cleaning silicon wafers essential in the production of semiconductors, crucial components of electronic devices.
Feb-2020: Evonik Industries AG has successfully finalized the acquisition of PeroxyChem LLC, a manufacturer and supplier of oxidized solutions. Through this acquisition, the company plans to seamlessly integrate PeroxyChem’s portfolio with its existing offerings and strategically target the markets for hydrogen peroxide (H2O2) and peracetic acid (PAA). The completion of this acquisition not only enhances Evonik’s market presence but also opens up new avenues for growth, particularly in the environmentally friendly disinfectants market.
Feb-2020: Mitsubishi Gas Chemical Company, Inc. has revealed its plans to construct a new production facility for industrial hydrogen peroxide at its subsidiary in Taiwan. This expansion is driven by the company’s aim to broaden its presence in the market for super-pure hydrogen peroxide, particularly in semiconductor production processes. Super-pure hydrogen peroxide (SPHP) plays a crucial role as a cleaning, etching, and abrading agent in semiconductor wafer and device manufacturing processes.
Feb-2020: OCI Company Ltd. has entered into a joint venture with POSCO FUTURE M Co., Ltd., a South Korean chemical company. Under this joint venture, a new entity named P&O Chemical Co., Ltd. will be established to produce electronic-grade and industrial hydrogen peroxide utilizing coke oven gas (COG). This strategic partnership not only enables OCI to secure high-quality source materials in a more stable and cost-effective manner but also aims to elevate the level of competitiveness and market standing in the existing hydrogen peroxide business.
Jul-2019: Mitsubishi Gas Chemical Company, Inc. has completed the decision to construct two new plants for its subsidiary, Mitsubishi Gas Chemical America, Inc. This strategic move will result in the MGC Group having three production sites for the chemical compound in North America, effectively doubling its production capacity in the region. The expansion aligns with the company’s broader initiative to strengthen its position in the super-pure hydrogen peroxide industry.
Scope of the Study
Market Segments covered in the Report:
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)


    • Pulp & Paper
    • Chemical Synthesis
    • Wastewater Treatment
    • Mining
    • Food & Beverages
    • Healthcare
    • Personal Care
    • Textiles
    • Others


By Function (Volume, Kilo Tonnes, USD Billion, 2019-2030)


  • • Bleaching
    • Disinfectant
    • Oxidant
    • Other


By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)


  • • North America


o US
o Canada
o Mexico
o Rest of North America


  • • Europe


o Germany
o UK
o France
o Russia
o Spain
o Italy
o Rest of Europe


  • • Asia Pacific


o China
o Japan
o India
o South Korea
o Singapore
o Malaysia
o Rest of Asia Pacific


  • • LAMEA


o Brazil
o Argentina
o UAE
o Saudi Arabia
o South Africa
o Nigeria
o Rest of LAMEA
Companies Profiled


  • • Evonik Industries AG (RAG-Stiftung)
    • TAEKWANG Industrial Co., ltd.
    • Arkema S.A.
    • Grupa Azoty S.A.
    • Solvay SA
    • Akzo Nobel N.V.
    • Gujarat Alkalies and Chemicals Limited
    • Mitsubishi Gas Chemical Company, Inc.
    • OCI Company Ltd.
    • Airedale Chemical Holdings Limited


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