Market Definition

Hydrogen peroxide (H₂O₂) is a chemical compound known for its strong oxidizing properties. It is commonly used as a disinfectant, bleaching agent, and in chemical synthesis. The market comprises its production and application across healthcare, pulp & paper, textiles, and wastewater treatment.

Hydrogen peroxide is used for sterilization, environmental remediation, and industrial processing, due to its eco-friendly nature and effective oxidative capabilities. This report outlines the primary drivers of the market, emerging trends, and evolving regulations shaping the market.

Hydrogen Peroxide Market Overview

The global hydrogen peroxide market size was valued at USD 3,210.0 million in 2024 and is projected to grow from USD 3,368.4 million in 2025 to USD 4,817.9 million by 2032, exhibiting a CAGR of 5.15% during the forecast period.

The market is expanding, due to the rising demand for hydrogen peroxide in wastewater treatment, on account of its eco-friendly nature and regulatory alignment. Simultaneously, its growing use in semiconductor manufacturing is fueling the demand for high-purity grades to support precision processes.

Major companies operating in the hydrogen peroxide industry are Evonik, Solvay, Arkema, Nouryon, Kemira, Gujarat Alkalies and Chemicals Limited, AIREDALE CHEMICAL HOLDINGS LIMITED, OCI Ltd, Hawkins, Aditya Birla Group, MITSUBISHI GAS CHEMICAL COMPANY, INC., Khimprom, National Peroxide Limited, Grupa Azoty, and Taekwang Industrial, CO., LTD.

The market is driven by the rising demand for eco-friendly bleaching agents from the pulp & paper industry. Many industries seek sustainable alternatives. Hydrogen peroxide serves as a non-chlorine bleaching agent that reduces environmental pollution and hazardous waste in industries.

Its effective oxidizing properties help maintain product quality while minimizing ecological impact. The shift toward greener production methods and cleaner chemical processes further supports the adoption of hydrogen peroxide, reinforcing its role as a preferred bleaching solution in the pulp & paper sector.

In March 2025, the Ministry of Science & Technology reported that researchers developed an energy-efficient, eco-friendly method to synthesize hydrogen peroxide using hydrazone-linked covalent organic frameworks (COFs). This innovative photocatalytic process, activated by visible light, offers sustainable H2O2 production with high efficiency, potentially replacing the energy-intensive anthraquinone method, thereby advancing cleaner industrial hydrogen peroxide manufacturing for disinfection and paper bleaching applications.

Key Highlights:

The hydrogen peroxide market size was valued at USD 3,210.0 million in 2024.
The market is projected to grow at a CAGR of 5.15% from 2025 to 2032.
Asia Pacific held a market share of 35.77% in 2024, with a valuation of USD 1,148.3 million.
The <35% segment garnered USD 1,852.1 million in revenue in 2024.
The disinfectant segment is expected to reach USD 1,740.5 million by 2032.
The chemical synthesis segment is anticipated to register the fastest CAGR of 5.30% during the forecast period.
The market in Europe is anticipated to grow at a CAGR of 5.07% during the forecast period.

Market Driver

Growing Utilization of Hydrogen Peroxide for Wastewater Treatment

The market is driven by its increasing use in wastewater treatment, due to its strong oxidizing properties and environmental compatibility. The adoption of low-carbon hydrogen peroxide products aligns with industry efforts to reduce greenhouse gas emissions while maintaining effective pollutant removal.

Its ability to break down into water and oxygen makes it a preferred choice for eco-conscious operations, supporting regulatory compliance and sustainability goals. This growing application is enhancing the demand for hydrogen peroxide across municipal and industrial wastewater treatment facilities.

In March 2025, Nouryon launched Eka HP Puroxide, a low-carbon hydrogen peroxide product aimed at reducing Scope 3 greenhouse gas emissions. Produced using fossil-free hydrogen and renewable electricity, this eco-friendly H2O2 supports sustainable practices in wastewater treatment, pulp & paper, and mining industries. The reduced carbon footprint of the product offers an environmentally responsible alternative to traditional hydrogen peroxide manufacturing methods.

Market Challenge

Limited Awareness and Adoption in Emerging Economies

The hydrogen peroxide market faces a significant challenge in the form of limited awareness & adoption in emerging economies. Many industries in emerging economies are unfamiliar with the benefits and applications of hydrogen peroxide in water treatment, healthcare, and manufacturing sectors. This lack of knowledge restricts market penetration and slows demand growth.

Companies are focusing on educational campaigns, technical workshops, and partnerships with local distributors. They are also investing in localized marketing strategies and offering smaller, cost-effective packaging to encourage product trials. These efforts aim to improve product understanding and increase adoption across underserved industrial segments.

Market Trend

Integration of Hydrogen Peroxide in Electronics and Semiconductor Manufacturing

The trend of integrating hydrogen peroxide into electronics and semiconductor manufacturing is growing. High-purity hydrogen peroxide is increasingly used in cleaning and etching processes essential to semiconductor production.

Advanced production facilities are being developed to meet stringent purity requirements. The demand for electronic-grade hydrogen peroxide is rising as the semiconductor industry expands rapidly, highlighting its critical role in supporting precision and reliability in electronics manufacturing.

In September 2023, Solvay and Shinkong Synthetic Fibers Corporation launched Shinsol Advanced Chemicals, a joint venture in Taiwan, establishing a 35,000-ton capacity electronic grade hydrogen peroxide plant. Located in Tainan, the facility targets the semiconductor industry, supplying high-purity H2O2 essential for integrated circuit manufacturing. Commissioning begins in December, with full production slated for early next year, addressing the growing regional demand.

Hydrogen Peroxide Market Report Snapshot

Segmentation	Details
By Grade	<35%, >35%
By Type	Disinfectant, Bleaching, Oxidant, Others
By Application	Pulp & Paper, Food & Beverages, Chemical Synthesis, Textile Bleaching, Wastewater Treatment, Electronics, Others
By Region	North America: U.S., Canada, Mexico
	Europe: France, UK, Spain, Germany, Italy, Russia, Rest of Europe
	Asia-Pacific: China, Japan, India, Australia, ASEAN, South Korea, Rest of Asia-Pacific
	Middle East & Africa: Turkey, U.A.E., Saudi Arabia, South Africa, Rest of Middle East & Africa
	South America: Brazil, Argentina, Rest of South America

Market Segmentation:

By Grade (<35%, and >35%): The <35% segment earned USD 1,852.1 million in 2024, due to its widespread use in healthcare, household disinfection, and water treatment applications requiring lower concentration formulations.
By Type (Disinfectant, Bleaching, Oxidant, and Others): The disinfectant segment held 36.22% share of the market in 2024, due to the increasing demand for hygiene solutions across healthcare, municipal sanitation, and commercial cleaning sectors.
By Application (Pulp & Paper, Food & Beverages, Chemical Synthesis, Textile Bleaching, Wastewater Treatment, Electronics, and Others): The pulp & paper segment is projected to reach USD 1,170.3 million by 2032, due to the growing shift toward eco-friendly, chlorine-free bleaching processes that utilize hydrogen peroxide for sustainable paper production.

Hydrogen Peroxide Market Regional Analysis

Based on region, the global market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Hydrogen Peroxide Market Size & Share, By Region, 2025-2032

Asia Pacific accounted for a market share of around 35.77% in 2024, with a valuation of USD 1,148.3 million. The region dominates the hydrogen peroxide market, due to its advanced manufacturing ecosystem that supports the production of high-purity grades essential for semiconductors and solar energy applications.

Additionally, strong integration of large-scale production facilities with robust distribution networks enables consistent supply to high-value sectors such as food packaging and electronics, enhancing regional competitiveness.

These capabilities mirror global advancements, reinforcing North America's position as a key hub for specialty hydrogen peroxide tailored to precision-driven applications.

In January 2025, Evonik and Fuhua Tongda Chemicals formed a joint venture, Evonik Fuhua New Materials (Sichuan) Co., Ltd., to produce specialty-grade hydrogen peroxide in China. Leveraging Evonik’s peroxide expertise and Fuhua’s local infrastructure, the venture will serve high-value sectors such as semiconductors, solar panels, and food packaging, sourcing feedstock from a 200-kiloton H2O2 megaplant built under a prior licensing agreement.

The hydrogen peroxide industry in Europe is poised for significant growth at a robust CAGR of 5.07% over the forecast period. This growth is attributed to the increasing demand for carbon-neutral products that support corporate sustainability goals and reduce value chain emissions.

Additionally, the growing adoption of certified hydrogen peroxide in the personal care and cosmetics industries is boosting the market, as manufacturers seek sustainable ingredients without compromising product performance.

These factors collectively enhance the market’s expansion by aligning production and application with evolving consumer and regulatory expectations in Europe.

In April 2024, Evonik offered carbon-neutral hydrogen peroxide in Europe through its “Way to GO2” certification, supporting customers’ Scope 3 emissions reduction goals without altering product quality. Using a certified, book-and-claim approach, the initiative promotes sustainable hydrogen peroxide production via renewable energy and green hydrogen. This enables industries, including beauty and personal care, to integrate eco-friendly solutions into their value chains.

Regulatory Frameworks

In the U.S., hydrogen peroxide is primarily regulated by the Environmental Protection Agency (EPA), overseeing its environmental impact and usage, and the Food and Drug Administration (FDA), which regulates its use in food, pharmaceuticals, and medical products to ensure safety and compliance.
In India, hydrogen peroxide is regulated primarily by the Bureau of Indian Standards (BIS), which sets quality and safety standards, and the Central Pollution Control Board (CPCB), responsible for environmental regulations related to its production and usage.
In Europe, hydrogen peroxide is regulated primarily by the European Chemicals Agency (ECHA). ECHA oversees the registration, evaluation, authorization, and restriction of chemicals under the REACH regulation to ensure safe use and environmental protection across the EU.

Competitive Landscape

Key players in the hydrogen peroxide market are actively employing strategies such as mergers and acquisitions, strategic partnerships, and product launches to enhance their market presence. Companies are expanding production capacities and entering new regional markets through acquisitions.

Additionally, they are investing in research and development to introduce specialty-grade products tailored for diverse applications. These efforts collectively contribute to strengthening their competitive positioning and broadening their product portfolios in the evolving market.

In December 2023, Evonik acquired Thai Peroxide Co., Ltd. (TPL) in Saraburi, Thailand, by purchasing the remaining 50% stake from Aditya Birla Group entities. This move strengthens Evonik’s position in the market for specialty hydrogen peroxide and peracetic acid in Asia Pacific, supporting its Active Oxygens business and expanding its portfolio for advanced applications such as microchip production and water treatment.

List of Key Companies in Hydrogen Peroxide Market:

Evonik
Solvay
Arkema
Nouryon
Kemira
Gujarat Alkalies and Chemicals Limited
AIREDALE CHEMICAL HOLDINGS LIMITED
OCI Ltd
Hawkins
Aditya Birla Group
MITSUBISHI GAS CHEMICAL COMPANY, INC.
Khimprom
National Peroxide Limited
Grupa Azoty
Taekwang Industrial, CO., LTD.

Recent Developments (Partnerships/Product Launches)

In November 2024, Solvay licensed its advanced hydrogen peroxide technology to North Huajin Refining and Petrochemical for a 300-kiloton propylene oxide mega-plant in Panjin, China. Solvay provides proprietary process design, operational support, and key 2-amylanthraquinone chemicals to ensure efficient, safe, and environmentally-friendly production, supporting strategic growth in the market in China.
In September 2024, Diversey, a Solenis company, partnered with Synexis LLC to distribute Synexis’ patented Dry Hydrogen Peroxide (DHP) technology across the healthcare sector in the U.S. and Canada. This innovative solution provides continuous, real-time reduction of viruses, bacteria, mold, and VOCs in occupied spaces, enhancing indoor air and surface quality with 24/7 microbial control.
In October 2023, Dow and Evonik launched a pioneering pilot plant in Hanau, Germany that converts hydrogen peroxide to propylene glycol (HPPG). Utilizing the HYPROSYN process, the facility enables direct synthesis of propylene glycol from hydrogen peroxide and propylene, enhancing production efficiency and collaboration between industry leaders.