Global hydrogen peroxide market size reached around USD 4.57 Billion in 2024. The market is projected to grow at a CAGR of 4.40% between 2025 and 2034 to reach nearly USD 7.03 Billion by 2034.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
4.4%
Value in USD Billion
2025-2034
Hydrogen Peroxide Market Outlook
*this image is indicative*
Based on the application, the chemical synthesis segment dominated the market in 2020. On the basis of end-use, pulp and paper represent the largest segment followed by the food and beverages, water treatment, textiles and laundry, oil and gas, healthcare, electronics, and others.
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Hydrogen peroxide (H2O2) is a chemical compound that is characterised by clear liquid and pale blue colour. It is unstable due to which it generally stored in a weak acidic solution with a stabiliser. The combination of hydrogen and water is slightly more viscous than water. Further, it is also used as a mild antiseptic on the skin to prevent infection caused by scrapes, minor cuts, and burns. It readily decomposes into oxygen and water while releasing heat and can cause combustion in contact with organic materials. Additionally, it is also used across different verticals in the manufacturing of various products, including disinfectants, bleaches, hair relaxers, ear drops, toothpaste, antiseptic mouthwash, and hair relaxers.
The major applications of the global hydrogen peroxide market are:
The industry can be broadly categorised on the basis of its end-use segments into:
The EMR report looks into the regional markets in the global hydrogen peroxide market like:
The rising preference of hydrogen peroxide among consumers is gaining popularity as it can be used for water treatment and pollution control applications. The increasing demand for paper and pulp from the packaging and pharmaceutical industries, coupled with the growing demand for high-quality paper from the print media, is creating a positive outlook for the market. Also, hydrogen peroxide is used in the agricultural sector to improve crop yield, which in turn, is expected to impact the industry growth favourably. Moreover, the rising demand for the product from various industries, such as automotive, construction, and food and beverage industries, is anticipated to impel the market growth further. The demand for hydrogen peroxide has also been increasing in bleach products to remove chlorine compounds through bleaching processes. Moreover, the rising demand for recycled paper has also positively influenced this market. Several initiatives undertaken by governments of various countries have also spurred the demand for hydrogen peroxide, and these factors are expected to increase the industry growth.
The report presents a detailed analysis of the following key players in the global hydrogen peroxide market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
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In 2024, the market reached an approximate value of USD 4.57 Billion.
The market is projected to grow at a CAGR of 4.40% between 2025 and 2034.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 7.03 Billion by 2034.
The major drivers of the market include the growing water treatment and pollution control applications of the hydrogen peroxide, rising demand for pulp and paper, and the growing demand for hydrogen peroxide from end-use sectors.
The rising demand for recyclable paper, the surging use of hydrogen peroxide in bleach products, and the increasing utilisation of hydrogen peroxide to boost crop yield in agricultural applications are the key trends positively influencing the market development.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major applications of hydrogen peroxide include chemical synthesis, bleaching, disinfectant, and cleaning and etching, among others.
Pulp and paper, food and beverages, water treatment, textiles and laundry, oil and gas, healthcare, and electronics, among others, are the significant end uses of hydrogen peroxide.
The major players in the market are Solvay SA, Evonik Industries AG, Arkema, and Kemira Oyj, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Application |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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