The global hydrogen peroxide market is projected to grow by USD 518.87 million from 2023-2027, with a CAGR of almost 5%. Advancements in production technology have led to increased volumes of hydrogen peroxide, expanding its applications across industries. For instance, Stanford University and SLAC National Accelerator Laboratory developed a renewable energy-powered device for groundwater decontamination using hydrogen peroxide. In the healthcare sector, STERIS Corporation's V-PRO 60 system offers efficient sterilization using hydrogen peroxide. The market is witnessing significant growth in electronics, water treatment, paper production, FMCG, and petrochemical industries. However, challenges include the increasing adoption of substitutes like chlorine-based agents and ETO sterilizers in various sectors. Key players in the market, such as Nayara Energy, are focusing on production capacity expansion to meet growing demands. While hydrogen peroxide finds diverse applications, concerns like health hazards and market consolidation pose obstacles. Despite challenges, the market is expected to expand due to rising global paper consumption driving demand for hydrogen peroxide.