North America Hydrogen Peroxide Market Size & Outlook
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North America hydrogen peroxide market highlights
- The North America hydrogen peroxide market generated a revenue of USD 553.8 million in 2024.
- The market is expected to grow at a CAGR of 5.8% from 2025 to 2030.
- In terms of segment, 30%-50% was the largest revenue generating grade in 2024.
- <30% is the most lucrative grade segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2025 to 2030.
North America data book summary
| Market revenue in 2024 | USD 553.8 million |
| Market revenue in 2030 | USD 778.7 million |
| Growth rate | 5.8% (CAGR from 2024 to 2030) |
| Largest segment | 30%-50% |
| Fastest growing segment | <30% |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | <30%, 30%-50%, 50%-80%, >80% |
| Key market players worldwide | Evonik Industries AG, Taekwang, Arkema SA, Grupa Azoty, Solvay SA, Akzo Nobel NV, gujarat alkalies and chemical ltd, National Peroxide Ltd., OCI Chemical, Airedale Chemical |
Other key industry trends
- In terms of revenue, North America region accounted for 37.5% of the global hydrogen peroxide market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 895.8 million by 2030.
30%-50% was the largest segment with a revenue share of 34.65% in 2024. Horizon Databook has segmented the North America hydrogen peroxide market based on <30%, 30%-50%, 50%-80%, >80% covering the revenue growth of each sub-segment from 2018 to 2030.
The North American market is expected to exhibit an increase in demand for hydrogen peroxide over the forecast period due to increasing awareness about personal hygiene in households and commercial spaces due to the spread of COVID-19. As per an article published by Fortune, Lysol, a disinfectant brand of Reckitt, has shown a 70% increment in sales in North America in the first half of 2020. The increase in sales was evident in the form of Reckitt’s 24% rise in the FTSE-100 index.
The company has also expanded its product portfolio with the introduction of Lysol as a laundry sanitizer in the market. All the above-mentioned factors show a rise in demand for disinfectants and related products in the market. Thus, rising demand for disinfectants in North America is expected to subsequently boost the requirement of hydrogen peroxide.
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Hydrogen Peroxide Market Scope
Hydrogen Peroxide Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Airedale Chemical | View profile | 51-100 | Keighley, Bradford, United Kingdom, Europe | http://www.airedalechemical.com/ |
| OCI Chemical | View profile | 1001-5000 | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.oci.co.kr/index.asp |
| National Peroxide Ltd. | View profile | 101-250 | Mumbai, Maharashtra, India, Asia | http://www.naperol.com/ |
| gujarat alkalies and chemical ltd | View profile | 1001-5000 | http://gacl.com | |
| Taekwang | View profile | 10001+ | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | http://www.taekwang.co.kr/ |
| Grupa Azoty | View profile | 10001+ | Tarnow, Malopolskie, Poland, Europe | https://grupaazoty.com |
| Akzo Nobel NV | View profile | 35500 | Christian Neefestraat 2, Amsterdam, NH, Netherlands, 1077 WW | https://www.akzonobel.com |
| Solvay SA | View profile | 9000 | Rue De Ransbeek, 310, Brussels, Belgium, B-1120 | https://www.solvay.com |
| Arkema SA | View profile | 11039 | 420 rue d’Estienne d’Orves, Colombes, France, 92700 | https://www.arkema.com |
| Evonik Industries AG | View profile | 33409 | Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 | https://www.evonik.com |
North America hydrogen peroxide market size, by country, 2018-2030 (US$M)
North America Hydrogen Peroxide Market Outlook Share, 2024 & 2030 (US$M)
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