The hydrogen peroxide market size has grown strongly in recent years. It will grow from $3.45 billion in 2024 to $3.67 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to pulp and paper industry demand, wastewater treatment applications, textile industry usage, consumer products manufacturing, medical and healthcare applications.
The hydrogen peroxide market size is expected to see strong growth in the next few years. It will grow to $5.05 billion in 2029 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to growing environmental concerns, focus on water and wastewater treatment, rising demand for eco-friendly bleaching agents, expanding healthcare and pharmaceutical applications, advancements in hydrogen peroxide production, bioremediation and environmental cleanup. Major trends in the forecast period include increasing demand for eco-friendly applications, growing focus on sustainable production, surge in healthcare applications, innovations in packaging and storage, rise in food and beverage industry usage, technological advancements in production.
The growing demand for environmentally friendly solutions is fueling the expansion of the hydrogen peroxide market. When combined with other chemicals, hydrogen peroxide serves as a disinfectant, making it suitable for cleaning hospitals and homes. Its cost-effectiveness and ability to be recycled repeatedly contribute to its status as an eco-friendly option. For example, in March 2022, a survey conducted by Sensormatic Solutions, a U.S.-based retail technology provider and subsidiary of Johnson Controls, found that among 1,000 U.S. consumers, 80% emphasized sustainability, with 70% indicating a willingness to pay more for sustainable products. Additionally, 54% were actively researching eco-initiatives, leading to a shift in consumer behavior, as half of the respondents believed that sustainability is essential. Thus, the rising demand for environmentally friendly solutions is driving the growth of the hydrogen peroxide market.
The hydrogen peroxide market is poised for growth due to the increasing adoption of hygiene practices. Hygiene practices involve behaviors and actions that individuals and communities undertake to maintain cleanliness and prevent the spread of diseases. Hydrogen peroxide's potent oxidizing and disinfecting properties make it valuable for hygiene applications in households and healthcare settings. An online survey conducted in August 2023 by the Food Safety Information Council revealed an enhanced handwashing habit among young individuals. This demonstrated a positive shift in hygiene practices, with 66.6% of 18- to 34-year-olds consistently washing their hands before food handling, an improvement from 57% in the previous year. Consequently, the growth of the hydrogen peroxide market is driven by increasing hygiene practices.
Leading companies in the hydrogen peroxide market are establishing innovative manufacturing plants to boost the production of this versatile chemical, which is commonly used for disinfection, bleaching, water treatment, and chemical synthesis. These state-of-the-art facilities aim to meet the increasing demand across various industries by enhancing production efficiency, minimizing environmental impact, and ensuring a high-quality, stable supply of hydrogen peroxide. For example, in August 2024, DCM Shriram Consolidated Ltd., a chemical industry company based in India, inaugurated a hydrogen peroxide plant at its chemical complex in Jhagadia, situated in the Bharuch district of Gujarat. The plant boasts a production capacity of 52,500 tonnes per annum (TPA) and is designed to strengthen the company's chemicals business portfolio by utilizing hydrogen generated at the same site.
Major companies in the hydrogen peroxide market are also prioritizing partnerships to enhance their market profitability. Partnerships involve collaborative agreements or alliances between different entities, such as companies, organizations, or research institutions, with shared interests in hydrogen peroxide-related projects. In October 2023, US-based chemical company Dow Inc. partnered with Germany-based specialty chemicals company Evonik Industries AG to establish a pilot facility for hydrogen peroxide-based propylene glycol (HPPG) manufacturing. This facility utilizes the HYPROSYN technique, enabling direct synthesis of propylene glycol from hydrogen peroxide and propylene. Departing from traditional multi-step processes, HYPROSYN consolidates critical reaction phases in a single reactor, eliminating the need for additional investments in propylene oxide capacity and reducing capital requirements. The Dow and Evonik partnership exemplifies their commitment to innovative solutions and sustainable practices in essential chemicals manufacturing.
In December 2023, Germany-based specialty chemicals company Evonik Industries AG acquired Thai Peroxide Co. Ltd. for an undisclosed sum. This strategic move enhances Evonik's presence and capabilities in the Asia Pacific region, particularly in the hydrogen peroxide and peracetic acid specialties business. Thai Peroxide Company Limited (TPL) is a Thailand-based manufacturer of hydrogen peroxide and peracetic acid.
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.
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. The countries covered in the hydrogen peroxide market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Hydrogen peroxide serves as a mild antiseptic for skin applications, preventing infection or treating minor injuries. Available in aqueous solutions, it functions as an oxidizer, bleaching agent, and antiseptic. Hydrogen peroxide is used in dilute solutions (3-6% by weight) for consumer purposes and in higher concentrations for industrial applications. It also finds use in treating mouth ulcers, irritation, and as a mouth rinse.
The primary types of hydrogen peroxide serve various functions such as bleaching, oxidizing, sterilizing/disinfecting, propulsion, and others. Bleaching, which involves removing natural color from fabrics, is carried out using chemicals chosen based on the fiber's chemical makeup. Hydrogen peroxide is utilized across industries such as pulp and paper, chemical synthesis, healthcare, personal care, food processing, textiles, water and wastewater treatment, electronics, semiconductors, and other end-users.
The hydrogen peroxide market research report is one of a series of new reports that provides hydrogen peroxide market statistics, including hydrogen peroxide industry global market size, regional shares, competitors with a hydrogen peroxide market share, detailed hydrogen peroxide market segments, market trends and opportunities, and any further data you may need to thrive in the hydrogen peroxide industry. This hydrogen peroxide market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The hydrogen peroxide market consists of sales of hydrogen peroxide which is used as antiseptic and sterilizer. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The hydrogen peroxide market size is expected to see strong growth in the next few years. It will grow to $5.05 billion in 2029 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to growing environmental concerns, focus on water and wastewater treatment, rising demand for eco-friendly bleaching agents, expanding healthcare and pharmaceutical applications, advancements in hydrogen peroxide production, bioremediation and environmental cleanup. Major trends in the forecast period include increasing demand for eco-friendly applications, growing focus on sustainable production, surge in healthcare applications, innovations in packaging and storage, rise in food and beverage industry usage, technological advancements in production.
The growing demand for environmentally friendly solutions is fueling the expansion of the hydrogen peroxide market. When combined with other chemicals, hydrogen peroxide serves as a disinfectant, making it suitable for cleaning hospitals and homes. Its cost-effectiveness and ability to be recycled repeatedly contribute to its status as an eco-friendly option. For example, in March 2022, a survey conducted by Sensormatic Solutions, a U.S.-based retail technology provider and subsidiary of Johnson Controls, found that among 1,000 U.S. consumers, 80% emphasized sustainability, with 70% indicating a willingness to pay more for sustainable products. Additionally, 54% were actively researching eco-initiatives, leading to a shift in consumer behavior, as half of the respondents believed that sustainability is essential. Thus, the rising demand for environmentally friendly solutions is driving the growth of the hydrogen peroxide market.
The hydrogen peroxide market is poised for growth due to the increasing adoption of hygiene practices. Hygiene practices involve behaviors and actions that individuals and communities undertake to maintain cleanliness and prevent the spread of diseases. Hydrogen peroxide's potent oxidizing and disinfecting properties make it valuable for hygiene applications in households and healthcare settings. An online survey conducted in August 2023 by the Food Safety Information Council revealed an enhanced handwashing habit among young individuals. This demonstrated a positive shift in hygiene practices, with 66.6% of 18- to 34-year-olds consistently washing their hands before food handling, an improvement from 57% in the previous year. Consequently, the growth of the hydrogen peroxide market is driven by increasing hygiene practices.
Leading companies in the hydrogen peroxide market are establishing innovative manufacturing plants to boost the production of this versatile chemical, which is commonly used for disinfection, bleaching, water treatment, and chemical synthesis. These state-of-the-art facilities aim to meet the increasing demand across various industries by enhancing production efficiency, minimizing environmental impact, and ensuring a high-quality, stable supply of hydrogen peroxide. For example, in August 2024, DCM Shriram Consolidated Ltd., a chemical industry company based in India, inaugurated a hydrogen peroxide plant at its chemical complex in Jhagadia, situated in the Bharuch district of Gujarat. The plant boasts a production capacity of 52,500 tonnes per annum (TPA) and is designed to strengthen the company's chemicals business portfolio by utilizing hydrogen generated at the same site.
Major companies in the hydrogen peroxide market are also prioritizing partnerships to enhance their market profitability. Partnerships involve collaborative agreements or alliances between different entities, such as companies, organizations, or research institutions, with shared interests in hydrogen peroxide-related projects. In October 2023, US-based chemical company Dow Inc. partnered with Germany-based specialty chemicals company Evonik Industries AG to establish a pilot facility for hydrogen peroxide-based propylene glycol (HPPG) manufacturing. This facility utilizes the HYPROSYN technique, enabling direct synthesis of propylene glycol from hydrogen peroxide and propylene. Departing from traditional multi-step processes, HYPROSYN consolidates critical reaction phases in a single reactor, eliminating the need for additional investments in propylene oxide capacity and reducing capital requirements. The Dow and Evonik partnership exemplifies their commitment to innovative solutions and sustainable practices in essential chemicals manufacturing.
In December 2023, Germany-based specialty chemicals company Evonik Industries AG acquired Thai Peroxide Co. Ltd. for an undisclosed sum. This strategic move enhances Evonik's presence and capabilities in the Asia Pacific region, particularly in the hydrogen peroxide and peracetic acid specialties business. Thai Peroxide Company Limited (TPL) is a Thailand-based manufacturer of hydrogen peroxide and peracetic acid.
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.
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. The countries covered in the hydrogen peroxide market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Hydrogen peroxide serves as a mild antiseptic for skin applications, preventing infection or treating minor injuries. Available in aqueous solutions, it functions as an oxidizer, bleaching agent, and antiseptic. Hydrogen peroxide is used in dilute solutions (3-6% by weight) for consumer purposes and in higher concentrations for industrial applications. It also finds use in treating mouth ulcers, irritation, and as a mouth rinse.
The primary types of hydrogen peroxide serve various functions such as bleaching, oxidizing, sterilizing/disinfecting, propulsion, and others. Bleaching, which involves removing natural color from fabrics, is carried out using chemicals chosen based on the fiber's chemical makeup. Hydrogen peroxide is utilized across industries such as pulp and paper, chemical synthesis, healthcare, personal care, food processing, textiles, water and wastewater treatment, electronics, semiconductors, and other end-users.
The hydrogen peroxide market research report is one of a series of new reports that provides hydrogen peroxide market statistics, including hydrogen peroxide industry global market size, regional shares, competitors with a hydrogen peroxide market share, detailed hydrogen peroxide market segments, market trends and opportunities, and any further data you may need to thrive in the hydrogen peroxide industry. This hydrogen peroxide market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The hydrogen peroxide market consists of sales of hydrogen peroxide which is used as antiseptic and sterilizer. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Hydrogen Peroxide Market Characteristics3. Hydrogen Peroxide Market Trends and Strategies4. Hydrogen Peroxide Market - Macro Economic Scenario Macro Economic Scenario Including the Impact of Interest Rates, Inflation, Geopolitics and Covid and Recovery on the Market32. Global Hydrogen Peroxide Market Competitive Benchmarking and Dashboard33. Key Mergers and Acquisitions in the Hydrogen Peroxide Market34. Recent Developments in the Hydrogen Peroxide Market
5. Global Hydrogen Peroxide Growth Analysis and Strategic Analysis Framework
6. Hydrogen Peroxide Market Segmentation
7. Hydrogen Peroxide Market Regional and Country Analysis
8. Asia-Pacific Hydrogen Peroxide Market
9. China Hydrogen Peroxide Market
10. India Hydrogen Peroxide Market
11. Japan Hydrogen Peroxide Market
12. Australia Hydrogen Peroxide Market
13. Indonesia Hydrogen Peroxide Market
14. South Korea Hydrogen Peroxide Market
15. Western Europe Hydrogen Peroxide Market
16. UK Hydrogen Peroxide Market
17. Germany Hydrogen Peroxide Market
18. France Hydrogen Peroxide Market
19. Italy Hydrogen Peroxide Market
20. Spain Hydrogen Peroxide Market
21. Eastern Europe Hydrogen Peroxide Market
22. Russia Hydrogen Peroxide Market
23. North America Hydrogen Peroxide Market
24. USA Hydrogen Peroxide Market
25. Canada Hydrogen Peroxide Market
26. South America Hydrogen Peroxide Market
27. Brazil Hydrogen Peroxide Market
28. Middle East Hydrogen Peroxide Market
29. Africa Hydrogen Peroxide Market
30. Hydrogen Peroxide Market Competitive Landscape and Company Profiles
31. Hydrogen Peroxide Market Other Major and Innovative Companies
35. Hydrogen Peroxide Market High Potential Countries, Segments and Strategies
36. Appendix
Executive Summary
Hydrogen Peroxide Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on hydrogen peroxide market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Assess the impact of key macro factors such as conflict, pandemic and recovery, inflation and interest rate environment and the 2nd Trump presidency.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for hydrogen peroxide? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The hydrogen peroxide market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Function: Bleaching; Oxidizing; Sterilizing or Disinfecting; Propulsion; Other Functions2) 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 Bleaching2) 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
Key Companies Mentioned: Dow Inc.; Hodogaya Chemical Co. Ltd.; 3M Company; Merck KGaA; OCI Company Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- 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
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | March 2025 |
| Forecast Period | 2025 - 2029 |
| Estimated Market Value ( USD | $ 3.67 Billion |
| Forecasted Market Value ( USD | $ 5.05 Billion |
| Compound Annual Growth Rate | 8.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 29 |
