Hydrogen Peroxide Market Size To Reach $2.11 Billion By 2030

Hydrogen Peroxide Market Growth & Trends

The global hydrogen peroxide market size is projected to reach USD 2.11 billion in 2030 and is expected to grow at a CAGR of 6.2% from 2025 to 2030. Rising demand for the product from the global healthcare sector to formulate sanitizers and other disinfectant products is projected to remain the key factor driving the industry.

One of the key factors behind the increasing consumption of the product in the healthcare sector across the globe is the recent outbreak of coronavirus. Demand for hand sanitizers and multiple indoor as well as outdoor disinfectant products, such as floor cleaners and metal disinfectant goods, has quadrupled across all major economies as well as in emerging economies of the world. According to governments worldwide, cleaning of the public spaces, such as public restrooms, airports, bus and metro stations, and commercial spaces, has been made mandatory to curb the spread of the virus. This has led to surge in the consumption of hydrogen peroxide in the industry globally due to its excellent disinfecting properties.

The product also witnessed high demand from various personal care products and cosmetic manufacturers, majorly due to its oxidizing abilities and antimicrobial properties. Europe has evolved as a hub for multinational personal care item producers, such as Loreal, Unilever, Procter & Gamble, and Deutschland GmbH, with their presence across the European marketspace including countries, such as France, U.K., Italy, Germany, and Spain.

In terms of the consumption in the textile sector, Asia Pacific, followed by Europe, has been leading the global market due to increased penetration of fabric manufacturers and detergent formulators. The substance finds key application in the sector as a fabric whitening agent as well as disinfecting agent, which is used after apparel cleaning. Growing awareness among the consumers to adapt to cleanliness is projected to remain a key factor behind industry growth across these regions.

Moreover, Asia Pacific is emerging as a key market for food and beverage process from a global standpoint due to increasing consumption of processed food by the natives of China, Indonesia, South Korea, India, and Japan. Demand for the product in packaging food applications due to its ability to prevent antimicrobial contamination is predicted to be a key boost to the substance’s demand in the food and beverage sector.

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Hydrogen Peroxide Market Report Highlights

• The bleaching function dominated the market and accounted for the largest revenue share of 35.4% in 2024.

• The disinfectant functions are expected to grow at a CAGR of 6.7% from 2025 to 2030, owing to heightened hygiene awareness, especially following the COVID-19 pandemic.

• The pulp and paper application led the hydrogen peroxide market and accounted for the largest revenue share of 33.4% in 2024, primarily driven by its effectiveness as a bleaching agent.

• The healthcare segment is expected to grow at a CAGR of 7.4% over the forecast period, owing to its antiseptic and disinfectant properties.

• Asia Pacific hydrogen peroxide market dominated the global hydrogen peroxide industry and accounted for the largest revenue share of 40.3% in 2024 attributed to rapid industrialization and urbanization

Hydrogen Peroxide Market Segmentation

Grand View Research has segmented the global hydrogen peroxide market report based on grade, function, application, and region:

Hydrogen Peroxide Grade Outlook (Volume Kilotons; Revenue, USD Million, 2018 - 2030)

• <30%

• 30%-50%

• 50%-80%

• >80%

Hydrogen Peroxide Function Outlook (Volume Kilotons; Revenue, USD Million, 2018 - 2030)

• Disinfectant

• Bleaching

• Oxidant

• Others

Hydrogen Peroxide Application Outlook (Volume kilotons; Revenue, USD Million, 2018 - 2030)

• Pulp & Paper

• Chemical Synthesis

• Wastewater Treatment

• Mining

• Food & Beverage

• Personal Care

• Healthcare

• Textiles

• Electronics

• Propulsion Systems

• Others

Hydrogen Peroxide Regional Outlook (Volume Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Netherlands

• Asia Pacific

  • China

  • India

  • Japan

• Latin America

• Middle East and Africa

List of Key Players of Hydrogen Peroxide Market

• 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