Industrial Hydrogen Peroxide Market: By Function (Bleaching, Oxidizing, Sterilizing/Disinfecting, Propulsion, and Others), By End-Use Industry (Pulp & Paper, Chemical Synthesis, Healthcare & Personal Care, Food Processing, Textile, and Water & Wastewater Treatment, Electronics & Semiconductor, and Others) and Geography  

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Industrial Hydrogen Peroxide Market size was valued at USD 2,163.8 million in 2022 and is poised to grow at a significant CAGR of 5.3% from 2023-2028. Hydrogen peroxide is frequently utilized in the synthesis of propylene oxide (HPPO), peracetic acid, flame retardants, herbicides, organic peroxide initiators, and other applications. It is an essential component of the chemical industry, which has experienced considerable growth in recent years due to increased private sector participation and regional expansion by key contributors. The value of the hydrogen peroxide market is steadily increasing due to the rise of its many end-user industries. In addition, Because of the increasing demand from the chemical and wastewater treatment industries, product consumption has increased significantly in recent years.

Moreover, the material has many uses in the wastewater treatment industry since it is an excellent oxidizing agent that is also trustworthy, environmentally acceptable, and adaptable. The catalyzed version of the product has the potential to eliminate oxidizing contaminants rapidly and is thus extremely effective in the industry. Green practices are being prioritized by governments worldwide to reduce the negative effects of chemicals on human health and the environment. Environmental laws and regulations play an important role in driving market growth due to hydrogen peroxide's emission-free and eco-friendly qualities. As a result, consumers increasingly prefer to employ this chemical for various water treatment and pollution control applications. Furthermore, hydrogen peroxide is used in various end-use industries, including chemicals, electronics, paper and pulp, mining, etc. It has also seen an increase in bleach products, which are used to remove chlorine compounds through bleaching operations. The market for industrial hydrogen peroxide is expected to expand due to a growing trend away from chlorine and toward Elemental Chlorine Free (ECF) Chemicals. Additionally, emerging applications in the Semiconductor, Mining & Metal Extraction, and Agriculture industries will provide growth opportunities.

Industrial Hydrogen Peroxide Market Key Developments:

  • In July 2019, Solvay increased the production of hydrogen peroxide owing to the growing demand from Europe in in Bernburg (Germany) and Voikkaa (Finland). The hydrogen peroxide served across various end-use industries like serving customers in diverse markets including pulp and paper, aquaculture, food, chemicals, and electronics.

Industrial Hydrogen Peroxide Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.3%

Largest Market

Europe

Fastest Growing Market

Asia-Pacific
Industrial Hydrogen Peroxide Market Dynamics

In the electronics industry, hydrogen peroxide is utilized as an oxidizing agent. It's utilized as a colorant in printed circuit board fabrication and as an oxidizing and cleaning agent in semiconductor production. Rising demand for the product from the healthcare industry, owing to its antiseptic capabilities, typically used to prevent infections in skin cuts and minor injuries, is expected to be a major driver of market expansion. It is also commonly used as a mouthwash to help with mouth irritation, mucous, and other oral illnesses. The material primarily releases oxygen, which causes foaming on bruised and cut skin, resulting in effective clearance of dead skin and protection of the site from infection. However, the restraints in the worldwide industrial hydrogen peroxide market, including eye contact with industrial hydrogen peroxide concentrations of 5% or more, can cause permanent vision loss. At the same time, skin exposure can produce painful blisters, burns, and skin bleaching.

Key Features of the Reports

  • The industrial hydrogen peroxide market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
  • The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startups details that are actively working in the market
  • The report provides plethora of information about market entry strategies, and regulatory framework
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porters Five Force Analysis in addition to recent innovations in the market

Industrial Hydrogen Peroxide Market Segmentation

By Function Type
  • Bleaching
  • Oxidizing
  • Sterilizing/Disinfecting
  • Propulsion
  • Others
By End User
  • Pulp & Paper
  • Chemical Synthesis
  • Healthcare & Personal Care
  • Food Processing
  • Textile
  • Water & Wastewater Treatment
  • Electronics & Semiconductor
  • Others
By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Frequently Asked Questions

The Industrial hydrogen peroxide market size was valued at USD 2,163.8 million in 2022.

The key segments covered in the industrial hydrogen peroxide market are technology, components, application, and end-users.

The Industrial hydrogen peroxide market key players are Evonik Industries AG, Taekwang Industrial, CO. LTD., Arkema, Grupa Azoty, Solvay, Akzo Nobel N.V., Gujarat Alkalies & Chemicals Ltd., National Peroxide Limited, OCI Company Ltd., Airedale Chemical

  1. Executive Summary
  2. Global Industrial Hydrogen Peroxide Market Introduction
    • Global Industrial Hydrogen Peroxide Market - Taxonomy
    • Global Industrial Hydrogen Peroxide Market -Definitions
      • By Product Type
      • Application
  1. Global Industrial Hydrogen Peroxide Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Industrial Hydrogen Peroxide Market Dynamic Factors - Impact Analysis
    • Global Industrial Hydrogen Peroxide Market - Competition Landscape
  2. Global Industrial Hydrogen Peroxide Market Analysis, 2018-2022 and Forecast, 2023-2029
    • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Industrial Hydrogen Peroxide Market, By Product Type, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • Purity 27.5 %
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Purity 35 %
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Purity 50 %
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Industrial Hydrogen Peroxide Market Forecast, By Application, 2018-2022 and Forecast, 2023-2029
    • Pulp & Paper
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Textile Bleeching
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Consumer Uses
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Chemical Synthesis
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Industrial Hydrogen Peroxide Market Forecast, By Region, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • North America
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Industrial Hydrogen Peroxide Market - Opportunity Analysis Index, By Product Type, Application, and Region, 2023-2029
  2. North America Industrial Hydrogen Peroxide Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • Product Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Purity 27.5 %
      • Purity 35 %
      • Purity 50 %
      • Others
    • Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Pulp & Paper
      • Textile Bleaching
      • Consumer Uses
      • Chemical Synthesis
      • Others
    • Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US.
      • Canada
    • North America Industrial Hydrogen Peroxide Market - Opportunity Analysis Index, By Product Type, Application, and Country, 2023-2029
    • North America Industrial Hydrogen Peroxide Market Dynamics - Trends
  3. Europe Industrial Hydrogen Peroxide Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • Product Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Purity 27.5 %
      • Purity 35 %
      • Purity 50 %
      • Others
    • Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Pulp & Paper
      • Textile Bleaching
      • Consumer Uses
      • Chemical Synthesis
      • Others
    • Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Germany
      • UK
      • France
      • Spain
      • Italy
      • Russia
      • Poland
      • Rest of Europe
    • Europe Industrial Hydrogen Peroxide Market - Opportunity Analysis Index, By Product Type, Application, and Country, 2023-2029
    • Europe Industrial Hydrogen Peroxide Market Dynamics - Trends
  4. Asia-Pacific Industrial Hydrogen Peroxide Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • Product Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Purity 27.5 %
      • Purity 35 %
      • Purity 50 %
      • Others
    • Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Pulp & Paper
      • Textile Bleaching
      • Consumer Uses
      • Chemical Synthesis
      • Others
    • Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Japan
      • China
      • India
      • ASEAN
      • Australia & New Zealand
      • Rest of Asia-Pacific
    • Asia-Pacific Industrial Hydrogen Peroxide Market - Opportunity Analysis Index, By Product Type, Application, and Country, 2023-2029
    • Asia-Pacific Industrial Hydrogen Peroxide Market Dynamics - Trends
  5. Latin America Industrial Hydrogen Peroxide Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • Product Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Purity 27.5 %
      • Purity 35 %
      • Purity 50 %
      • Others
    • Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Pulp & Paper
      • Textile Bleaching
      • Consumer Uses
      • Chemical Synthesis
      • Others
    • Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Latin America Industrial Hydrogen Peroxide Market - Opportunity Analysis Index, By Product Type, Application, and Country, 2023-2029
    • Latin America Industrial Hydrogen Peroxide Market Dynamics - Trends
  6. Middle East and Africa Industrial Hydrogen Peroxide Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn)
    • Product Type Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Purity 27.5 %
      • Purity 35 %
      • Purity 50 %
      • Others
    • Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Pulp & Paper
      • Textile Bleaching
      • Consumer Uses
      • Chemical Synthesis
      • Others
    • Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Gulf Cooperation Council (GCC) Countries
      • Israel
      • South Africa
      • Rest of MEA
    • MEA Industrial Hydrogen Peroxide Market - Opportunity Analysis Index, By Product Type, Application, and Country, 2023-2029
    • MEA Industrial Hydrogen Peroxide Market Dynamics - Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Product Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • Solvay SA (Belgium)
      • Evonik Industries AG (Germany)
      • Arkema S.A. (Europe)
      • Peorxy Chem (Pennsylvania)
      • Akzo Nobel N.V. (Amsterdam)
      • Kemira Oyj (Finland)
      • MITSUBISHI GAS CHEMICAL COMPANY, INC (Japan)
      • OCI Company Ltd. (South Korea)
      • National Peroxide Limited (NPL) (India)
      • Guangdong Zhongcheng Chemicals Inc. (China)
      • Shandong Huatai Paper Industry Shareholding Co., Ltd (China)
      • Anhui Haoyuan Chemical Group Co Ltd (An Hui)
      • Zhejiang Xinhua Chemical Co., Ltd. (China)
      • Shandong Yangmeihengtong Chemical Co., Ltd. (China)
      • Lee & Man Chemical Company Limited. (China)
      • Kingboard Chemical Holdings. (China)
  1. Research Methodology
  2. Key Assumptions and Acronyms
  • Evonik Industries AG
  • Taekwang Industrial, CO., LTD.
  • Arkema
  • Grupa Azoty
  • Solvay
  • Akzo Nobel N.V.
  • Gujarat Alkalies & Chemicals Ltd.
  • National Peroxide Limited
  • OCI Company Ltd.
  • Airedale Chemical

Adjacent Markets