Hydrogen Peroxide Market Size, Share, and Growth Analysis, By Grade (90% H2O2, 5% H2O2), By Function (Disinfectant, Bleaching), By Application, By Region - Industry Forecast 2025-2032
ESAN ECZACIBASI Industrial Raw Materials Co.(Turkey)
Chang Chun Group(Taiwan)
Sumitomo Seika Chemicals Co., Ltd.(Japan)
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Hydrogen Peroxide Market size was valued at USD 3.8 billion in 2023 and is poised to grow from USD 4.02 billion in 2024 to USD 6.26 billion by 2032, growing at a CAGR of 5.7% during the forecast period (2025-2032).
The hydrogen peroxide market is experiencing rapid growth due to its extensive applications across various industries, including healthcare, electronics, textiles, and pulp & paper. Its remarkable oxidation properties make it a popular choice for water treatment systems, effectively breaking down bacteria, decomposing organic pollutants, and controlling odors. As concerns rise over chlorine disinfection byproducts, hydrogen peroxide is emerging as a viable non-chlorine alternative, aligning with stringent environmental regulations. Additionally, its potent bleaching capabilities are ideal for paper and fabric applications, while its role as an antiseptic and antibacterial agent enhances its demand in the medical sector. With its effectiveness as a disinfectant in food safety, personal hygiene, and housekeeping, the versatility of hydrogen peroxide continues to propel market growth.
Top-down and bottom-up approaches were used to estimate and validate the size of the Hydrogen Peroxide market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Hydrogen Peroxide Market Segments Analysis
Global Hydrogen Peroxide Market is segmented by Grade, Function, Application and region. Based on Grade, the market is segmented into 90% H2O2, 5% H2O2, 6% to 10% H2O2 and 3% H2O2. Based on Function, the market is segmented into Disinfectant, Bleaching, Oxidant and Others. Based on Application, the market is segmented into Pulp & Paper, Chemical Synthesis, Wastewater Treatment, Mining, Food & Beverages, Personal Care, Healthcare, Textiles and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Hydrogen Peroxide Market
The hydrogen peroxide market is being driven by its increasing use in water treatment applications, thanks to its powerful oxidizing, deodorizing, and disinfecting capabilities. It plays a vital role in water filtration by eliminating bacteria, decomposing organic contaminants, and managing unpleasant odors. With the implementation of stringent environmental regulations and heightened awareness regarding the harmful byproducts associated with chlorine disinfection, hydrogen peroxide is emerging as a preferred chlorine-free alternative. Furthermore, the growing emphasis on sustainability and adherence to environmental legislation, along with the rising adoption of hydrogen peroxide as a sustainable water treatment solution, is anticipated to significantly boost the market's growth.
Restraints in the Hydrogen Peroxide Market
The hydrogen peroxide market faces significant restraints due to the compound's potent oxidizing properties, which can pose health risks such as respiratory issues, eye damage, and skin irritation. Prolonged exposure may lead to skin and eye irritation, and it can also bleach hair and skin. Additionally, hydrogen peroxide's incompatibility with various raw materials, particularly copper alloys and heavy metals, raises concerns regarding self-accelerated thermal degradation. These factors necessitate meticulous handling and storage protocols to mitigate potential health hazards and ensure safe usage, which can complicate its application across various industries and hinder market growth.
Market Trends of the Hydrogen Peroxide Market
The hydrogen peroxide market is witnessing significant growth driven by its expanding applications in food and electronic sectors. As food-grade hydrogen peroxide gains traction for its roles as a bleaching and antibacterial agent in cheese and instant tea production, its approval for sterilizing aseptic packaging further bolsters its market presence. Additionally, the rising demand for environmentally friendly and effective sterilization solutions in electronics manufacturing is propelling innovation, prompting companies to introduce new grades tailored to diverse applications. This trend underscores the versatility and essentiality of hydrogen peroxide, positioning it as a key player in dynamic market landscapes.
Table of Contents
Introduction
Objectives of the Study
Scope of the Report
Definitions
Research Methodology
Information Procurement
Secondary & Primary Data Methods
Market Size Estimation
Market Assumptions & Limitations
Executive Summary
Global Market Outlook
Supply & Demand Trend Analysis
Segmental Opportunity Analysis
Market Dynamics & Outlook
Market Overview
Market Size
Market Dynamics
Drivers & Opportunities
Restraints & Challenges
Porters Analysis
Competitive rivalry
Threat of substitute
Bargaining power of buyers
Threat of new entrants
Bargaining power of suppliers
Key Market Insights
Key Success Factors
Degree of Competition
Top Investment Pockets
Market Ecosystem
Market Attractiveness Index, 2024
PESTEL Analysis
Macro-Economic Indicators
Value Chain Analysis
Pricing Analysis
Global Hydrogen Peroxide Market Size by Grade & CAGR (2025-2032)
Market Overview
90% H2O2
5% H2O2
6% to 10% H2O2
3% H2O2
Global Hydrogen Peroxide Market Size by Function & CAGR (2025-2032)
Market Overview
Disinfectant
Bleaching
Oxidant
Others
Global Hydrogen Peroxide Market Size by Application & CAGR (2025-2032)
Market Overview
Pulp & Paper
Chemical Synthesis
Wastewater Treatment
Mining
Food & Beverages
Personal Care
Healthcare
Textiles
Others
Global Hydrogen Peroxide Market Size & CAGR (2025-2032)
North America (Grade, Function, Application)
US
Canada
Europe (Grade, Function, Application)
Germany
Spain
France
UK
Italy
Rest of Europe
Asia Pacific (Grade, Function, Application)
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America (Grade, Function, Application)
Brazil
Rest of Latin America
Middle East & Africa (Grade, Function, Application)
GCC Countries
South Africa
Rest of Middle East & Africa
Competitive Intelligence
Top 5 Player Comparison
Market Positioning of Key Players, 2024
Strategies Adopted by Key Market Players
Recent Developments in the Market
Company Market Share Analysis, 2024
Company Profiles of All Key Players
Company Details
Product Portfolio Analysis
Company's Segmental Share Analysis
Revenue Y-O-Y Comparison (2022-2024)
Key Company Profiles
Evonik Industries AG (Germany)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Arkema S.A. (France)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Kemira Oyj (Finland)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
OCI Company Ltd. (South Korea)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Mitsubishi Gas Chemical Company, Inc. (Japan)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
AdvanSix Inc. (USA)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Gujarat Alkalies and Chemicals Ltd. (India)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Akzo Nobel N.V. (Netherlands)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
United Initiators GmbH (Germany)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Hansol Chemical Co., Ltd. (South Korea)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Aditya Birla Chemicals (India)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
National Peroxide Limited (India)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Thai Peroxide Company Limited (Thailand)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
CCC Chemicals S.A. (Argentina)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
ESAN ECZACIBASI Industrial Raw Materials Co. (Turkey)