Hydrogen Peroxide: A growing market for a sustainable future
From market growth to key players, explore how Power2Hype is shaping the future.
Hydrogen peroxide (H₂O₂) has been produced since the early 1900s, originally via electrolysis before being largely replaced by the anthraquinone (AO) process in the 1950s. Used in industries from disinfection to paper bleaching, it is now gaining renewed interest as a greener alternative to traditional oxidizing agents.
Market growth and key players
The global hydrogen peroxide market is expanding, projected to grow from $6.69 billion in 2024 to $11.54 billion by 2034. Asia Pacific leads demand, with China as the top producer and consumer, while Europe holds a significant market share. Major companies include Solvay, Evonik, Arkema, and Grupa Azoty.
Key applications in Europe
In Europe, hydrogen peroxide is widely used in the chemical industry, particularly for producing bleaching agents and compounds like sodium percarbonate. It also plays a crucial role in paper bleaching, supporting the pulp and paper sector’s need for sustainable processing solutions. The textile industry relies on it for fabric treatment and whitening, while smaller but essential applications include water treatment, disinfection, cosmetics, food processing, and advanced technologies like microchip cleaning and rocket fuel. The most commonly used concentration remains at 30%, with leading markets in the UK, Germany, France, and the Netherlands.
Sustainability and future trends
Hydrogen peroxide is an eco-friendly oxidant, decomposing into water and oxygen with no harmful residues. Its growing role in sustainable industries—such as wastewater treatment, aseptic packaging, and green hydrogen production—is driving market expansion. As industries transition to cleaner technologies, revisiting electrolytic production could further enhance its environmental benefits.
