Global Hydrogen Peroxide Market Size, Share & Industry Trends Analysis Report By Application, By Function (Bleaching, Disinfectant, Oxidant, and Others), By Regional Outlook and Forecast, 2023 - 2030

Global Hydrogen Peroxide Market Size, Share & Industry Trends Analysis Report By Application, By Function (Bleaching, Disinfectant, Oxidant, and Others), By Regional Outlook and Forecast, 2023 - 2030


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 Günzburg, 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
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • 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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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Hydrogen Peroxide Market, by Application
1.4.2 Global Hydrogen Peroxide Market, by Function
1.4.3 Global Hydrogen Peroxide Market, by Geography
1.5 Methodology for the research
Chapter 2. Market At a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Forces Analysis
Chapter 4. Strategies Deployed in Hydrogen Peroxide Market
Chapter 5. Global Hydrogen Peroxide Market by Application
5.1 Global Pulp & Paper Market by Region
5.2 Global Chemical Synthesis Market by Region
5.3 Global Wastewater Treatment Market by Region
5.4 Global Mining Market by Region
5.5 Global Food & Beverages Market by Region
5.6 Global Healthcare Market by Region
5.7 Global Personal Care Market by Region
5.8 Global Textiles Market by Region
5.9 Global Others Market by Region
Chapter 6. Global Hydrogen Peroxide Market by Function
6.1 Global Bleaching Market by Region
6.2 Global Disinfectant Market by Region
6.3 Global Oxidant Market by Region
6.4 Global Others Market by Region
Chapter 7. Global Hydrogen Peroxide Market by Region
7.1 North America Hydrogen Peroxide Market
7.1.1 North America Hydrogen Peroxide Market by Application
7.1.1.1 North America Pulp & Paper Market by Country
7.1.1.2 North America Chemical Synthesis Market by Country
7.1.1.3 North America Wastewater Treatment Market by Country
7.1.1.4 North America Mining Market by Country
7.1.1.5 North America Food & Beverages Market by Country
7.1.1.6 North America Healthcare Market by Country
7.1.1.7 North America Personal Care Market by Country
7.1.1.8 North America Textiles Market by Country
7.1.1.9 North America Others Market by Country
7.1.2 North America Hydrogen Peroxide Market by Function
7.1.2.1 North America Bleaching Market by Country
7.1.2.2 North America Disinfectant Market by Country
7.1.2.3 North America Oxidant Market by Country
7.1.2.4 North America Others Market by Country
7.1.3 North America Hydrogen Peroxide Market by Country
7.1.3.1 US Hydrogen Peroxide Market
7.1.3.1.1 US Hydrogen Peroxide Market by Application
7.1.3.1.2 US Hydrogen Peroxide Market by Function
7.1.3.2 Canada Hydrogen Peroxide Market
7.1.3.2.1 Canada Hydrogen Peroxide Market by Application
7.1.3.2.2 Canada Hydrogen Peroxide Market by Function
7.1.3.3 Mexico Hydrogen Peroxide Market
7.1.3.3.1 Mexico Hydrogen Peroxide Market by Application
7.1.3.3.2 Mexico Hydrogen Peroxide Market by Function
7.1.3.4 Rest of North America Hydrogen Peroxide Market
7.1.3.4.1 Rest of North America Hydrogen Peroxide Market by Application
7.1.3.4.2 Rest of North America Hydrogen Peroxide Market by Function
7.2 Europe Hydrogen Peroxide Market
7.2.1 Europe Hydrogen Peroxide Market by Application
7.2.1.1 Europe Pulp & Paper Market by Country
7.2.1.2 Europe Chemical Synthesis Market by Country
7.2.1.3 Europe Wastewater Treatment Market by Country
7.2.1.4 Europe Mining Market by Country
7.2.1.5 Europe Food & Beverages Market by Country
7.2.1.6 Europe Healthcare Market by Country
7.2.1.7 Europe Personal Care Market by Country
7.2.1.8 Europe Textiles Market by Country
7.2.1.9 Europe Others Market by Country
7.2.2 Europe Hydrogen Peroxide Market by Function
7.2.2.1 Europe Bleaching Market by Country
7.2.2.2 Europe Disinfectant Market by Country
7.2.2.3 Europe Oxidant Market by Country
7.2.2.4 Europe Others Market by Country
7.2.3 Europe Hydrogen Peroxide Market by Country
7.2.3.1 Germany Hydrogen Peroxide Market
7.2.3.1.1 Germany Hydrogen Peroxide Market by Application
7.2.3.1.2 Germany Hydrogen Peroxide Market by Function
7.2.3.2 UK Hydrogen Peroxide Market
7.2.3.2.1 UK Hydrogen Peroxide Market by Application
7.2.3.2.2 UK Hydrogen Peroxide Market by Function
7.2.3.3 France Hydrogen Peroxide Market
7.2.3.3.1 France Hydrogen Peroxide Market by Application
7.2.3.3.2 France Hydrogen Peroxide Market by Function
7.2.3.4 Russia Hydrogen Peroxide Market
7.2.3.4.1 Russia Hydrogen Peroxide Market by Application
7.2.3.4.2 Russia Hydrogen Peroxide Market by Function
7.2.3.5 Spain Hydrogen Peroxide Market
7.2.3.5.1 Spain Hydrogen Peroxide Market by Application
7.2.3.5.2 Spain Hydrogen Peroxide Market by Function
7.2.3.6 Italy Hydrogen Peroxide Market
7.2.3.6.1 Italy Hydrogen Peroxide Market by Application
7.2.3.6.2 Italy Hydrogen Peroxide Market by Function
7.2.3.7 Rest of Europe Hydrogen Peroxide Market
7.2.3.7.1 Rest of Europe Hydrogen Peroxide Market by Application
7.2.3.7.2 Rest of Europe Hydrogen Peroxide Market by Function
7.3 Asia Pacific Hydrogen Peroxide Market
7.3.1 Asia Pacific Hydrogen Peroxide Market by Application
7.3.1.1 Asia Pacific Pulp & Paper Market by Country
7.3.1.2 Asia Pacific Chemical Synthesis Market by Country
7.3.1.3 Asia Pacific Wastewater Treatment Market by Country
7.3.1.4 Asia Pacific Mining Market by Country
7.3.1.5 Asia Pacific Food & Beverages Market by Country
7.3.1.6 Asia Pacific Healthcare Market by Country
7.3.1.7 Asia Pacific Personal Care Market by Country
7.3.1.8 Asia Pacific Textiles Market by Country
7.3.1.9 Asia Pacific Others Market by Country
7.3.2 Asia Pacific Hydrogen Peroxide Market by Function
7.3.2.1 Asia Pacific Bleaching Market by Country
7.3.2.2 Asia Pacific Disinfectant Market by Country
7.3.2.3 Asia Pacific Oxidant Market by Country
7.3.2.4 Asia Pacific Others Market by Country
7.3.3 Asia Pacific Hydrogen Peroxide Market by Country
7.3.3.1 China Hydrogen Peroxide Market
7.3.3.1.1 China Hydrogen Peroxide Market by Application
7.3.3.1.2 China Hydrogen Peroxide Market by Function
7.3.3.2 Japan Hydrogen Peroxide Market
7.3.3.2.1 Japan Hydrogen Peroxide Market by Application
7.3.3.2.2 Japan Hydrogen Peroxide Market by Function
7.3.3.3 India Hydrogen Peroxide Market
7.3.3.3.1 India Hydrogen Peroxide Market by Application
7.3.3.3.2 India Hydrogen Peroxide Market by Function
7.3.3.4 South Korea Hydrogen Peroxide Market
7.3.3.4.1 South Korea Hydrogen Peroxide Market by Application
7.3.3.4.2 South Korea Hydrogen Peroxide Market by Function
7.3.3.5 Singapore Hydrogen Peroxide Market
7.3.3.5.1 Singapore Hydrogen Peroxide Market by Application
7.3.3.5.2 Singapore Hydrogen Peroxide Market by Function
7.3.3.6 Malaysia Hydrogen Peroxide Market
7.3.3.6.1 Malaysia Hydrogen Peroxide Market by Application
7.3.3.6.2 Malaysia Hydrogen Peroxide Market by Function
7.3.3.7 Rest of Asia Pacific Hydrogen Peroxide Market
7.3.3.7.1 Rest of Asia Pacific Hydrogen Peroxide Market by Application
7.3.3.7.2 Rest of Asia Pacific Hydrogen Peroxide Market by Function
7.4 LAMEA Hydrogen Peroxide Market
7.4.1 LAMEA Hydrogen Peroxide Market by Application
7.4.1.1 LAMEA Pulp & Paper Market by Country
7.4.1.2 LAMEA Chemical Synthesis Market by Country
7.4.1.3 LAMEA Wastewater Treatment Market by Country
7.4.1.4 LAMEA Mining Market by Country
7.4.1.5 LAMEA Food & Beverages Market by Country
7.4.1.6 LAMEA Healthcare Market by Country
7.4.1.7 LAMEA Personal Care Market by Country
7.4.1.8 LAMEA Textiles Market by Country
7.4.1.9 LAMEA Others Market by Country
7.4.2 LAMEA Hydrogen Peroxide Market by Function
7.4.2.1 LAMEA Bleaching Market by Country
7.4.2.2 LAMEA Disinfectant Market by Country
7.4.2.3 LAMEA Oxidant Market by Country
7.4.2.4 LAMEA Others Market by Country
7.4.3 LAMEA Hydrogen Peroxide Market by Country
7.4.3.1 Brazil Hydrogen Peroxide Market
7.4.3.1.1 Brazil Hydrogen Peroxide Market by Application
7.4.3.1.2 Brazil Hydrogen Peroxide Market by Function
7.4.3.2 Argentina Hydrogen Peroxide Market
7.4.3.2.1 Argentina Hydrogen Peroxide Market by Application
7.4.3.2.2 Argentina Hydrogen Peroxide Market by Function
7.4.3.3 UAE Hydrogen Peroxide Market
7.4.3.3.1 UAE Hydrogen Peroxide Market by Application
7.4.3.3.2 UAE Hydrogen Peroxide Market by Function
7.4.3.4 Saudi Arabia Hydrogen Peroxide Market
7.4.3.4.1 Saudi Arabia Hydrogen Peroxide Market by Application
7.4.3.4.2 Saudi Arabia Hydrogen Peroxide Market by Function
7.4.3.5 South Africa Hydrogen Peroxide Market
7.4.3.5.1 South Africa Hydrogen Peroxide Market by Application
7.4.3.5.2 South Africa Hydrogen Peroxide Market by Function
7.4.3.6 Nigeria Hydrogen Peroxide Market
7.4.3.6.1 Nigeria Hydrogen Peroxide Market by Application
7.4.3.6.2 Nigeria Hydrogen Peroxide Market by Function
7.4.3.7 Rest of LAMEA Hydrogen Peroxide Market
7.4.3.7.1 Rest of LAMEA Hydrogen Peroxide Market by Application
7.4.3.7.2 Rest of LAMEA Hydrogen Peroxide Market by Function
Chapter 8. Company Profiles
8.1 Evonik Industries AG (RAG-Stiftung)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expenses
8.1.5 Recent strategies and developments:
8.1.5.1 Partnerships, Collaborations, and Agreements:
8.1.5.2 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 TAEKWANG Industrial Co., ltd.
8.2.1 Company Overview
8.2.2 SWOT Analysis
8.3 Arkema S.A.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Recent strategies and developments:
8.3.4.1 Geographical Expansions:
8.3.5 SWOT Analysis
8.4 Grupa Azoty S.A.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 SWOT Analysis
8.5 Solvay SA
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Geographical Expansions:
8.5.6 SWOT Analysis
8.6 Akzo Nobel N.V.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 SWOT Analysis
8.7 Gujarat Alkalies and Chemicals Limited
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Research & Development Expenses
8.8 Mitsubishi Gas Chemical Company, Inc.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental Analysis
8.8.4 Recent strategies and developments:
8.8.4.1 Geographical Expansions:
8.8.5 SWOT Analysis
8.9 OCI Company Ltd.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Joint Venture:
8.9.5.2 Business Expansions:
8.9.6 SWOT Analysis
8.10. Airedale Chemical Holdings Limited
8.10.1 Company Overview
8.10.2 SWOT Analysis
Chapter 9. Winning Strategies of Hydrogen Peroxide Market

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