The global hydrogen peroxide market was valued at US$ 3.9 Bn in 2020 and is predicted to be valued at US$ 6.6 Bn by the end of 2026, with 35% to 70% the most widely used grade across all end-users.
Growth in packaging, tissue papers, and pulp for hygiene products to drive demand for hydrogen peroxide in pulp & paper industry. Increasing need for high purity peroxide to contribute growth in specialty applications.
In 2020, Asia Pacific accounted for around half of the global hydrogen peroxide market. The region is expected to grow with CAGR of 5.5% between 2022 and 2026. Increasing average wealth and disposable incomes levels will be the key underlying factors behind growth in pulp & paper, textile, electronics, etc.
In 2021, China accounted for more than 1/4th of the total demand for hydrogen peroxide globally. Robust growth in pulp & paper, electronics industry coupled with increasing HPPO based PO plants will be key growth contributors.
Europe-based players have stranglehold on the global hydrogen peroxide supply. These companies have manufacturing facilities distributed worldwide. European companies such as Solvay, Evonik, Arkema, and Nouryon are the leading hydrogen peroxide suppliers in the market with Solvay being the market leader.