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Global Hydrogen Peroxide Share Analysis 2025, Forecast To 2034

12 Mar, 2025

What Has Been the Growth Trajectory of the Hydrogen Peroxide Market?

The hydrogen peroxide market has seen considerable growth due to a variety of factors.
• In recent times, the hydrogen peroxide market has witnessed robust growth. The market, which was worth $3.45 billion in 2024, is anticipated to expand to $3.67 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.2%.
The substantial growth observed in the historical period is largely due to its high demand in various sectors such as pulp and paper industry, wastewater treatment processes, textile industry, consumer goods production, medical and healthcare applications.

What Are The Estimated Market Size And Expected Annual Growth Rates For Globa Hydrogen Peroxide Market?

The hydrogen peroxide market is expected to maintain its strong growth trajectory in upcoming years.
• The market for hydrogen peroxide is set to experience considerable expansion in the coming years, with projections indicating a growth to $5.05 billion by 2029 at an 8.3% compound annual growth rate (CAGR). This expected expansion during the forecast period is associated with increasing awareness of environmental issues, attention toward water and wastewater treatment, escalating demand for green bleaching solutions, growth in applications within the healthcare and pharmaceutical sectors, advancements in the production of hydrogen peroxide, and bioremediation and environmental cleanup efforts. Further trends anticipated in the forecast period encompass growing interest in environmentally friendly applications, emphasis on sustainable manufacturing, an uptick in healthcare applications, improvements in packaging and storage, increased usage in the food and beverage industry, and technological advancements in the manufacturing process.

What Are The Leading Drivers Of Growth In The Hydrogen Peroxide Market?

The growth of the hydrogen peroxide market is largely influenced by the rising interest in eco-friendly solutions. When hydrogen peroxide is combined with various chemicals, it functions as a disinfectant, making it possible to sanitize hospitals and houses. Moreover, it can be repeatedly repurposed, proving its effectiveness and cost-efficiency, thus presenting itself as an environmentally-favorable solution. As per a survey conducted by Sensormatic Solutions, a subsidiary of the retail technology provider Johnson Controls, in March 2022, 80% of the surveyed 1000 U.S. consumers were inclined towards sustainable products, and 70% stated they were ready to pay a higher price, highlighting its significant influence. What's more, 54% were actively looking into eco-initiatives, indicating a changing landscape for businesses as half of the consumers deem sustainability crucial, thereby affecting purchasing decisions. As a result, the mounting demand for eco-friendly solutions is propelling the growth of the hydrogen peroxide market.

What Are The Key Segments Within The Global Hydrogen Peroxide Market?

The hydrogen peroxide market covered in this report is segmented –
1) By Function: Bleaching, Oxidizing, Sterilizing Or Disinfecting, Propulsion, Other Functions
2) By Grade: Standard, Chemical, Cosmetic, Aseptic, Food, Semiconductor
3) By End-Use Industry: Pulp And Paper, Chemical Synthesis, Healthcare And Personal Care, Food Processing, Textile, Water And Wastewater Treatment, Electronics And Semiconductor, Other End-Users Subsegments:
1) By Bleaching: Textile Bleaching, Paper And Pulp Bleaching, Wood And Pulp Bleaching
2) By Oxidizing: Water Treatment, Chemical Manufacturing, Wastewater Treatment
3) By Sterilizing Or Disinfecting: Healthcare And Medical Equipment Sterilization, Surface Disinfection, Food And Beverage Processing
4) By Propulsion: Rocket Propellant, Aerospace Applications
5) By Other Functions: Polymerization Initiator, Environmental Remediation, Cosmetic And Personal Care Applications

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How Are New Trends Impacting The Size Of The Hydrogen Peroxide

To boost hydrogen peroxide production, key players in the hydrogen peroxide market are developing inventive manufacturing plants. Hydrogen peroxide is a multi-purpose chemical widely involved in disinfection, bleaching, water treatment, and chemical synthesis. By enhancing production efficiency, lessening environmental harm and ensuring a high-quality, stable source of hydrogen peroxide, these state-of-the-art facilities are geared to fulfill increasing demand across different sectors. For example, DCM Shriram Consolidated Ltd., an Indian chemical industry firm, launched a new hydrogen peroxide facility in August 2024 at its chemical compound in Jhagadia in Gujarat’s Bharuch district. The plant possesses a production output of 52,500 tonnes per annum (TPA) and is structured to boost the company's chemical business array by utilizing hydrogen generated at the same site.

Who Are the Key Players in the Hydrogen Peroxide Market?

Major companies operating in the hydrogen peroxide market include:
• Dow Inc.
• Hodogaya Chemical Co. Ltd.
• 3M Company
• Merck KGaA
• OCI Company Ltd.
• Evonik Industries AG
• Reckitt Benckiser Group plc
• Grupa Azoty
• Solvay SA
• AkzoNobel N.V.
• Arkema SA
• Kingboard Holdings Limited
• FMC Corporation
• Nouryon N.V.
• Aditya Birla Chemicals Limited
• Huatai Group
• Gujarat Alkalies And Chemicals Ltd.
• Mitsubishi Gas Chemical Company Inc.
• Kemira Oyj
• Chang Chun Group Co. Ltd.
• Hansol Chemical
• PeroxyChem LLC
• National Peroxide Ltd.
• EkO Peroxide LLC
• Guangdong Zhongcheng Chemicals
• Indian Peroxide Limited
• Thai Peroxide Co. Limited.
• PDI Healthcare Inc.
• Laboratorium Dr. Deppe GmbH

What are the Regional Insights into the Hydrogen Peroxide Market?

Asia-Pacific was the largest region in the hydrogen peroxide market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hydrogen peroxide market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.