Market Size of Hydrogen Peroxide Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 3.25 Billion |
| Market Size (2029) | USD 4.04 Billion |
| CAGR (2024 - 2029) | > 4.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Hydrogen Peroxide Market Analysis
The Hydrogen Peroxide Market size is estimated at USD 3.25 billion in 2024, and is expected to reach USD 4.04 billion by 2029, growing at a CAGR of greater than 4% during the forecast period (2024-2029).
- Over the medium term, rising demand from the paper and pulp industry and increasing consumption of hydrogen peroxide as raw material for propylene oxide production (HPPO process) are expected to drive market growth.
- On the flip side, health hazards and side effects associated with exposure to hydrogen peroxide are likely to hinder the market's growth.
- However, factors such as newer opportunities for hydrogen peroxide in wastewater treatment and the growth of the electronic industry in developing Asian countries are likely to act as growth opportunities for the market.
- Asia-Pacific is expected to dominate the market and will witness the highest CAGR during the forecast period.
Hydrogen Peroxide Industry Segmentation
Hydrogen peroxide can be found in diluted and concentrated forms. Diluted solutions have almost no odor, but stronger solutions have a sharp odor.
The hydrogen peroxide market is segmented by product function, end-user industry, and geography. The market is segmented by product function into disinfectant, bleaching, oxidant, and other product functions (cleaning). By end-user industry, the market is segmented into pulp and paper, chemical synthesis, wastewater treatment, mining, food and beverage, cosmetics and healthcare, textiles, and other end-user industries (transportation, electronics, semiconductors, aseptic packaging, etc). The report also covers the market size and forecasts in 15 countries across major regions. For each segment, the market sizing and forecasts are done based on revenue (USD)
| Product Function | |
| Disinfectant | |
| Bleaching | |
| Oxidant | |
| Other Product Functions (Cleaning Agent) |
| End-user Industry | |
| Pulp and Paper | |
| Chemical Synthesis | |
| Wastewater Treatment | |
| Mining | |
| Food and Beverage | |
| Cosmetics and Healthcare | |
| Textiles | |
| Other End-user Industries (Transportation, Electronics, Semiconductors, Aseptic Packaging, etc.) |
| Geography | |||||||||||
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Hydrogen Peroxide Market Size Summary
The hydrogen peroxide market is poised for significant growth over the forecast period, driven by increasing demand from the paper and pulp industry and its use as a raw material in the HPPO process for propylene oxide production. Despite potential challenges posed by health hazards associated with hydrogen peroxide exposure, the market is expected to benefit from new opportunities in wastewater treatment and the expanding electronics industry in developing Asian countries. The Asia-Pacific region is anticipated to lead the market, experiencing the highest growth rate, supported by robust industrial activities and rising consumer demand in countries like China and India.
In the paper and pulp sector, hydrogen peroxide is extensively utilized as a bleaching agent, enhancing the efficiency and cost-effectiveness of pulp processing. The growing online sales and packaging innovations in major markets such as the United States and China are further fueling the demand for paper products, thereby increasing the need for hydrogen peroxide. Additionally, the cosmetics and personal care industry in China, along with the burgeoning electronics sector, are contributing to the market's expansion. The Indian market is also witnessing a rise in paper consumption due to local demand, which is expected to bolster the hydrogen peroxide market. The industry is characterized by consolidation, with major players like Solvay, Evonik Industries AG, and Mitsubishi Gas Chemical Company actively expanding their production capacities to meet the growing demand.
Hydrogen Peroxide Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Rising Demand from the Paper and Pulp Industry
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1.1.2 Increasing Consumption of Hydrogen Peroxide as Raw Material for Propylene Oxide Production (HPPO Process)
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1.1.3 Other Drivers
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1.2 Restraints
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1.2.1 Health Hazards Associated with Long-term Exposure of Hydrogen Peroxide
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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1.5 Technological Snapshot
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1.5.1 Production Process
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1.5.2 Technology Licensing and Patent Analysis
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1.6 Trade Analysis
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1.7 Price Analysis
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1.8 Supply Scenario
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1.9 Regulatory Policies
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2. MARKET SEGMENTATION (Market Size in Volume)
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2.1 Product Function
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2.1.1 Disinfectant
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2.1.2 Bleaching
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2.1.3 Oxidant
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2.1.4 Other Product Functions (Cleaning Agent)
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2.2 End-user Industry
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2.2.1 Pulp and Paper
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2.2.2 Chemical Synthesis
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2.2.3 Wastewater Treatment
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2.2.4 Mining
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2.2.5 Food and Beverage
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2.2.6 Cosmetics and Healthcare
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2.2.7 Textiles
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2.2.8 Other End-user Industries (Transportation, Electronics, Semiconductors, Aseptic Packaging, etc.)
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Malaysia
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2.3.1.6 Thailand
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2.3.1.7 Indonesia
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2.3.1.8 Vietnam
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2.3.1.9 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Spain
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2.3.3.6 NORDIC
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2.3.3.7 Turkey
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2.3.3.8 Russia
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2.3.3.9 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Colombia
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2.3.4.4 Rest of South America
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2.3.5 Middle East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Nigeria
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2.3.5.4 Qatar
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2.3.5.5 Egypt
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2.3.5.6 United Arab Emirates
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2.3.5.7 Rest of Middle East and Africa
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Hydrogen Peroxide Market Size FAQs
How big is the Hydrogen Peroxide Market?
The Hydrogen Peroxide Market size is expected to reach USD 3.25 billion in 2024 and grow at a CAGR of greater than 4% to reach USD 4.04 billion by 2029.
What is the current Hydrogen Peroxide Market size?
In 2024, the Hydrogen Peroxide Market size is expected to reach USD 3.25 billion.
