Hydrogen Peroxide Market: Global Industry Analysis and Forecast (2024-2030)

The Global Hydrogen Peroxide Market size was valued at USD 3.37 Billion in 2023. The total Hydrogen Peroxide Market revenue is expected to grow at a CAGR of 5.2% from 2024 to 2030, reaching nearly USD 4.81 Billion.
Global Hydrogen Peroxide Market Overview
Hydrogen peroxide (H2O2) is a colorless, slightly viscous liquid that is a chemical compound composed of two hydrogen atoms and two oxygen atoms. Hydrogen peroxide (H2O2) is a widely used chemical compound, primarily as a bleaching agent and oxidizing agent. Its production involves the anthraquinone auto-oxidation process, which uses hydrogen, air, and a palladium catalyst in an exothermic reaction that generates H2O2 while regenerating the anthraquinone.

The production cost for Hydrogen Peroxide is estimated at around $1,000 per ton of 100% pure (H2O2), but the actual price varies depending on the concentration during transportation and dilution for end-use applications. Capital expenditure for building a new hydrogen peroxide plant ranges from $2,000 to $3,000 per ton per annum, depending on factors such as technological advancements, product concentration, and purity. The production process consumes hydrogen, and minimizing its over-consumption is crucial to optimize the process. The carbon dioxide intensity of hydrogen peroxide production is approximately 3 tons of CO2 per ton of H2O2, with the embedded CO2 from hydrogen production accounting for one-third of the total production costs. In 2023, Solvay, Mitsubishi Gas Chemical Company (MGC), and Evonik Industries AG were prominent producers of hydrogen peroxide market, with Solvay holding the largest production capacity. Regionally, The Asia Pacific region was the leading consumer of hydrogen peroxide market in 2023. Hydrogen peroxide prices in Asia were low in January 2023 due to slow demand from downstream industries, including the paper sector. The Hydrogen Peroxide market is also influenced by factors such as rising chemical output, strong economic conditions in emerging countries, and increasing demand from end-use industries like Electronics and chemicals. The hydrogen peroxide market is expected to witness significant growth, driven by the increasing adoption of hydrogen peroxide in various industries and its versatility in applications.

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Global Hydrogen Peroxide Market Dynamics
The Growing demand for Disinfectants that driving the Hydrogen Peroxide Market.

Hydrogen peroxide is a powerful disinfectant that can destroy essential components of germ cells and kill various microorganisms, including bacteria, viruses, fungi, and spores. The growing awareness regarding sanitization, health, and safety has led to an increase in the demand for surface disinfectants. Infectious diseases and poor hygiene are major causes of mortality worldwide, emphasizing the importance of regular cleaning and disinfection, particularly in healthcare facilities with the highest risk of disease transmission. The Centers for Disease Control and Prevention (CDC) estimates that Hospital-Acquired Infections (HAIs) account for 1.7 million infections and 99,000 associated deaths annually in the US, including urinary tract infections, surgical site infections, and pneumonia. The WHO has urged industry and governments to expand the production of antiseptics and disinfecting to meet the rising worldwide demand for cleaning, deodorizing, and disinfecting in high-traffic facilities due to the COVID-19 outbreak. The growth of the hydrogen peroxide market is driven by the increasing awareness about sanitization, health, and safety. The growing frequency of hospital-acquired infections, the proliferation of health clubs and gyms, and the impact of COVID-19.



Raising Demand Across Key Industries grows Opportunities in the Global Hydrogen Peroxide Market

The growing chemical industry, especially in developing economies, is expected to increase the demand for the hydrogen peroxide market as it is an important raw material for many chemical processes. Additionally, hydrogen peroxide is widely used as a bleaching agent in the pulp and paper industry, which is a major end-use segment. The growing pulp and paper industry, particularly in Asia Pacific, is driving demand in this area. Another opportunity lies in the rising demand for hydrogen peroxide in water treatment applications due to its strong oxidizing properties. The need for efficient water treatment solutions, especially in developing regions, presents an opportunity for growth.

The expansion in electronics and semiconductor manufacturing is also expected to boost demand for the hydrogen peroxide market, which is used for cleaning and etching applications in these industries. Furthermore, hydrogen peroxide finds use as a sterilizing and antimicrobial agent in food and beverage processing, and the increasing demand for food safety and hygiene is driving its adoption in this sector. Finally, the heightened focus on sanitization and disinfection, especially post-COVID-19, is creating opportunities for hydrogen peroxide in the healthcare industry, where it is used to disinfect surgical equipment, walls, and floors. In summary, the key opportunities lie in the growing chemical, pulp and paper, water treatment, electronics, food and beverage, and healthcare industries, which are major consumers of hydrogen peroxide globally.

Hydrogen Peroxide Market Pricing Analysis, The North American Hydrogen Peroxide market saw a significant price hike in March 2024 to $682/MT, driven by a rebound in industrial demand, particularly for water treatment, sanitation, and the pulp and paper industry. In the APAC region, the market experienced volatility but ended Q1 with a notable price increase to $580/MT, as post-Chinese New Year demand surged across sectors like textiles, paper, and rubber. Meanwhile, the European market, especially in Germany, fluctuated throughout the quarter before culminating in a 7.6% price rise in March to $352/MT, underpinned by robust demand in established industries like paper and pulp, as well as emerging applications in environmental management and industrial disinfection, despite some softening in broader manufacturing conditions. The MMR reports cover the pricing analysis by region-wise and country-wise with top Hydrogen Peroxide manufacturers around the globe.
Global Hydrogen Peroxide Market Segmentation
The Bleaching Segment is dominating the Global Hydrogen Peroxide Market.

By Applications, The Bleaching Segment is dominating the Hydrogen peroxide market in 2023 with xx % Market share. Hydrogen peroxide has multiple applications including bleaching agent in an Array of industries, pulp paper, healthcare, and textiles, In the healthcare sector hydrogen peroxide is mostly used for dental bleach, hair bleaching, as a mouthwash, and also to maintain oral health. Bleach is also broadly used in the textile industry to brighten clothes and remove stains from synthetic as well as natural fibers. In the Fabric manufacturing process, it is also used for enhancing the mechanical properties of fabrics. Because of this vast application in various industries, the bleaching segment is expected to continue its dominating position during the forecasted period.

The Disinfectant segment is rapidly growing with xx% CAGR in 2023 with several applications in formulations of products, used in cleaning agents and hygiene products because of this, the demand for hydrogen peroxide market is growing. With the growth of disinfectants, industry players are taking this opportunity and manufacture products like floor cleaners, hand sanitizers, and glass cleaners for indoor and outdoor applications. This led to the increasing global demand for disinfectants which indirectly grew the hydrogen peroxide market.

By End User, During the Historical Period, there is an aggressive change in global demand for hydrogen peroxide in the textile industry, pulp & paper industry, food industries, and wastewater treatment. Hydrogen Peroxide is commonly used in industries for Improvement in production and enhancement of end-product quality. In terms of volume, the Pulp & paper industries are dominating the Hydrogen Peroxide Market with xx% CAGR. Bleach is a substance recognized as a chlorine-free element which is an essential product in the pulp and paper industry globally. Hydrogen peroxide is used to improve the chemical and mechanical properties of pulp and improve paper quality and brightness. It has developed due to growing demand in this sector as well as it reduces the cost of production and enhances product quality and it is eco-friendly and easy to use.



During the forecast period, the healthcare sector is expected to grow at the fastest rate in terms of volume. This is attributed to the product's wide demand and rapid production of disinfection and sanitization solutions by numerous multinational corporations worldwide. Because of the global pandemic, there will be a sustained and substantial increase in the demand for these products as people become more conscious of the significance of these everyday healthcare needs.

By Regional Analysis, The Asia Pacific region held the largest share of xx% of the global industrial hydrogen market in 2023. In the first quarter of 2024, the Asia-Pacific (APAC) Hydrogen Peroxide market experienced significant changes, with prices increasing to USD 580 per MT on a spot ex-Shanghai basis by March. The year began with sluggish demand, particularly from the paper and printing industry, leading to a slight dip in prices. Maintenance shutdowns by manufacturers temporarily tightened supply, but the downward trend in demand kept the market down overall. February saw a turning point with a 19% rise in prices, driven by a post-Chinese New Year surge in demand across various industries, including textiles, paper and pulp, and cosmetics. Reduced production during the holiday period and lowered imports due to global supply chain issues strained supply and pushed prices upward. In March, the market initially experienced volatility with prices dipping before rebounding strongly by the end of the month. The price fluctuations mirrored a broader pattern of recovery in industrial demand. The manufacturing PMI growth in China, indicating increased production and business activities, positively impacted hydrogen peroxide demand. By late March, despite rising costs for base materials and energy, suppliers met the surging demand from key sectors, including rubber, textiles, beverages, and pulp and paper industries, resulting in the price peak.

The North America wastewater treatment industry is thriving due to the region's focus on addressing persistent water-borne illnesses. The U.S. treats over 34 billion gallons of contaminated water daily to ensure safe consumption. Key requirements include removing phosphorus and nitrogen, and oxidizing wastewater, leading to high hydrogen peroxide consumption. Stringent regulations have compelled municipalities and industries to invest heavily in treatment infrastructure and technologies. The growing awareness of water scarcity is also driving increased investment in wastewater recycling and reuse projects, particularly in drought-prone regions. This combination of regulatory pressures, public health concerns, and sustainability goals has positioned North America as a leading force in the global wastewater treatment industry, with continued growth expected

The report aims to provide industry stakeholders with a thorough study of the Global Pharmacovigilance Market. The research presents the industry's historical and present state together with projected market size and trends, analyzing complex data in an easy-to-read manner. The research includes PORTER and PESTEL analyses along with the possible effects of market microeconomic factors. The analysis of both internal and external elements that could have a good or negative impact on the firm will provide decision-makers with a clear picture of the industry's future. By understanding the market segments and projecting the size of the Global Pharmacovigilance Market, the reports also help in understanding the market's dynamics and structure.
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Global Hydrogen Peroxide Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 3.37 Bn.


Forecast Period 2024 to 2030 CAGR:
5.2%
Market Size in 2030:
US $ 4.81 Bn.


 Segments Covered:
by End User
Pulp And Paper
Food And Beverages
Water Treatment
Textiles and Laundry
Healthcare
Others


by Application
Chemical Synthesis
Bleaching
Disinfectant
Cleaning and Etching
Others



Hydrogen Peroxide Market, by Region
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Global Hydrogen Peroxide Major Companies
1. Evonik Industries AG,
2. Taekwang Industrial, CO., LTD.
3. Arkema,
4. Grupa Azoty,
5. Solvay
6. Akzo Nobel N.V.
7. Gujarat Alkalies & Chemicals Ltd.
8. National Peroxide Limited
9. OCI Company Ltd.
10. Airedale Chemical
11. The Dow Chemical Company
12. Hansol Chemical Co. Ltd.
13. Chang Chun Petrochemical Co. Ltd.
14. Luxi Chemical
15. Jinhe shiye
16. Aditya Birla Chemicals Ltd
17. FMC Corporation

Frequently Asked Questions:
1. What is the growth rate of the Global Hydrogen Peroxide Market during the forecast period?
Ans - The Global Hydrogen Peroxide Market is estimated to grow at a CAGR of 5.2% during the forecast period 2023-2030.

2. What is the Expected growth of the Global Hydrogen Peroxide Market size from 2023 to 2030?
Ans- The global hydrogen peroxide Market size is estimated at US$3.37 billion in 2023. It is projected to reach US$ 4.81 billion by 2030.

3. What are the leading market players in the Global Hydrogen Peroxide Market?
Ans- Evonik Industries AG, Taekwang Industrial, CO., LTD., Arkema, Grupa Azoty, Solvay, and Akzo Nobel N.V. are the leading players in the Global hydrogen peroxide market.

4. What are the major trends that would shape the future Global Hydrogen Peroxide Market?
Ans- The global hydrogen peroxide market is expected to see rising demand from the semiconductor and electronics industry and diversification into new applications leveraging innovative product developments.

5. What are the driving factors and opportunities in the Hydrogen Peroxide market?
Ans- Increased demand for hydrogen peroxide from various industries, coupled with its expanding use as an eco-friendly bleaching agent in the pulp and paper industry, is driving market growth