Hydrogen Peroxide Market Size, Share, Growth Analysis, By Grade(90% H2o2, 35% H2o2, 6-10% H2o2, and 3% H2o2), By Application(Chemical Synthesis, Disinfectant, Bleaching, Cleaning & Etching), By Industry(Pulp & Paper, Food & Beverage, Textile, Oil & Gas), By Region - Industry Forecast 2024-2031

Global Hydrogen Peroxide Market size was valued at USD 3.16 Billion in 2022 and is poised to grow from USD 3.32 Billion in 2023 to USD 4.90 Billion by 2031, growing at a CAGR of 5.01% during the forecast period (2024-2031). 

The global hydrogen peroxide market is growing at a fast pace since it finds immense application in several industries such as healthcare, electronics, textiles, and pulp & paper. Hydrogen peroxide applications in water treatment systems have been increasingly viewed for their wonderful oxidation properties, odor control, and disinfecting abilities. It is used in water purification because it breaks down bacteria, decomposes organic pollutants, and restrains bad odors. With the growing concern over the disinfection byproducts of chlorine, hydrogen peroxide is witnessed as a non-chlorine alternative that can meet strict environmental legislation. Moreover, due to its strong bleaching properties, hydrogen peroxide is suitable for bleaching paper and fabrics. In the medical field, it is used as an antiseptic and antibacterial agent. It is an excellent disinfectant and oxidizer for use in food applications, housekeeping, personal hygiene, and water purification. This wide range of uses is driving the growth of the hydrogen peroxide market.