Hydrogen Peroxide Companies

The hydrogen peroxide market was valued at USD 3.48 billion in 2024 and is projected to reach USD 4.70 billion by 2030, at a CAGR of 5.1% during the forecast period. The global hydrogen peroxide market is experiencing steady growth due to its versatility across various industries, including pulp and paper, textiles, chemicals, healthcare, food processing, and water treatment. Its popularity stems from its properties as a strong oxidizer that decomposes into water and oxygen, making it an environmentally friendly option. As a result, hydrogen peroxide is commonly used for disinfecting, bleaching, and oxidation. In the pulp and paper industry, hydrogen peroxide plays a crucial role in the bleaching process. Its use in healthcare is also increasing, particularly for sterilizing and cleaning surfaces, especially in the wake of the pandemic. Additionally, growing environmental concerns and stricter regulations regarding industrial waste have led to an increased adoption of hydrogen peroxide for water treatment and wastewater management. The Asia Pacific region is the largest consumer of hydrogen peroxide, driven by substantial manufacturing bases and industry demand. Furthermore, there is a rising demand in the Middle East and Africa as these regions expand their infrastructure and industrial projects.

Hydrogen Peroxide Companies

The demand for hydrogen peroxide is primarily driven by global manufacturers catering to various end-use applications. Some of the leading companies in the hydrogen peroxide market include Evonik (Germany), Solvay (Belgium), Arkema (France), Nouryon (Netherlands), Kemira (Finland), Gujarat Alkalies & Chemicals Ltd. (India), Taekwang Industrial Co., Ltd. (South Korea), Airedale Group (UK), OCI Ltd. (South Korea), and National Peroxide (India). Together, these companies, along with numerous regional players, meet the global demand for hydrogen peroxide.

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Solvay is a Belgian chemical company that operates worldwide. Its origins date back to 1863 when it was founded by Ernest and Alfred Solvay. The company’s headquarters are located in Neder-Over-Heembeek, Brussels. Initially, Solvay aimed to produce sodium carbonate using the Solvay method. Solvay is a leading player in key areas of chemistry, focusing on developing sustainable and innovative solutions to various challenges. Solvay employs over 9,000 people across 40 countries, and its main operations revolve around basic and high-performance chemicals. These products serve various industries, including consumer goods, healthcare, food, electronics, and construction. A significant component of Solvay’s Basic Chemicals segment is its hydrogen peroxide business, managed under the Peroxides Global Business Unit. This unit is a leader in the global market and is known for producing some of the purest grades of hydrogen peroxide available. The company’s INTEROX brand offers a wide range of high-purity options, including aseptic, cosmetic, pharmaceutical, and food grades, with concentrations ranging from 35% to 70%. These products are designed for various applications, such as bleaching pulp and paper, processing textiles, treating wastewater, food packaging, mining, and cleaning pharmaceutical equipment. Solvay operates 18 plants worldwide, with major facilities in Antwerp, Belgium, as well as other key locations in Europe, Asia, and the Americas. The company employs state-of-the-art auto-oxidation technology to ensure high production capacity while maintaining environmental sustainability.

Evonik, based in Essen, Germany, is a leading global specialty chemicals company. It was established in 2007 as a spin-off from RAG AG and has strong ties to the German industry. With approximately 33,000 employees in over 100 countries, Evonik focuses on high-quality materials, unique additives, and sustainable chemical solutions. The company serves various sectors, including automotive, healthcare, agriculture, and consumer goods. Renowned for its innovative approach, Evonik invests significantly in research and development. The company prioritizes sustainability with ambitious carbon-neutral goals and plans for a circular economy. Its operations are divided into several areas, such as Specialty Additives, Nutrition & Care, and Smart Materials, and it maintains a strong presence in Europe, Asia, and North America. A key component of Evonik’s business is its hydrogen peroxide division, part of the Active Oxygens segment, which plays a significant role in the global market. The company supplies high-quality hydrogen peroxide for applications such as bleaching pulp and paper, processing textiles, treating wastewater, and synthesizing chemicals. Evonik operates plants across Europe, including Germany, Austria, and Belgium, as well as in Asia and the Americas. The range of hydrogen peroxide products offered by Evonik supports industries in adopting environmentally friendly solutions that align with EU regulations like REACH. The company is committed to meeting the increasing demand for environmentally sustainable and industrial applications through its focus on innovation and long-term strategy.

Arkema is a globally recognized leader in the specialty materials and chemicals market, having spun off from Total’s chemical division in 2004. The company employs approximately 21,100 people and operates in an impressive 55 countries. Arkema is focused on providing innovative and sustainable solutions across various applications, including automotive, construction, electronics, and consumer products. The company’s activities are organized into three main business segments: Coating Solutions, Adhesive Solutions, and Advanced Materials. Arkema places a strong emphasis on sustainability, setting ambitious carbon emission reduction targets for 2030 and making significant investments in research and development for sustainable innovations. With a well-established presence in Europe, Arkema is also expanding its operations in North America and Asia. As a result, the company is well-positioned to become a major player in the global chemical markets.

MARKET RANKING:

The hydrogen peroxide market is characterized by a competitive environment with a limited number of key players exerting significant influence. It exhibits a moderate to high degree of consolidation, with the top five companies together holding about 23–28% of the market share. This indicates that while these dominant firms have considerable power over market dynamics, the majority of the market—approximately 72–77%—is divided among other companies, resulting in a fragmented landscape with many smaller players. This distribution leads to a competitive market that allows both established firms and new entrants to thrive, driven by various applications in industries such as pulp and paper, textiles, wastewater treatment, and healthcare. The market leader is Solvay, which holds a 9-10% share. The company benefits from a vast production network and innovative solutions marketed under the INTEROX brand, particularly in Europe and internationally. Solvay focuses on high-purity hydrogen peroxide for pharmaceuticals, food processing, and environmental applications, thereby strengthening its market position. In second place is Germany’s Evonik, with a 6-7% market share. Evonik stands out for its commitment to sustainable production through its Active Oxygens business and cutting-edge innovations, especially in pulp bleaching and water treatment. French firm Arkema ranks third with a 3-4% market share, specializing in specialty chemicals and environmentally friendly hydrogen peroxide for textiles and disinfection, supported by its global manufacturing capabilities. Nouryon, based in the Netherlands, also holds a 3-4% share, focusing on industrial applications and environmental stewardship in pulp and paper production. South Korea’s Taekwang Industrial Co., Ltd. occupies the fifth position, with a 2-3% market share, utilizing its experience in chemical production and exporting to foreign markets. These leading companies emphasize innovation, sustainability, and compliance with stringent EU regulations such as REACH, which facilitate the environmentally friendly breakdown of hydrogen peroxide into oxygen and water. The remaining 72-77% of the market is comprised of diverse companies, including regional producers and specialty suppliers, who cater to localized or niche requirements.

Related Reports:

Hydrogen Peroxide Market by Product Function (Chemical Synthesis, Bleaching, Disinfectant, Cleaning & Etching, Others), Grade (90% Hydrogen Peroxide, 35% Hydrogen Peroxide, 6 to 10% Hydrogen Peroxide, 3% Hydrogen Peroxide), End-use Industry (Pulp & Paper, Food and Beverages, Water Treatment, Textiles & Laundry, Oil and Gas, Healthcare, Electronics, Others), & Region - Global Forecast to 2030