For the Quarter Ending June 2025
North America
• The Hydrogen Peroxide Price Index in North America rose by +2.5% on a quarter-on-quarter basis during Q2 2025 settling at USD 1091/MT FOB Illinois, signalling mild upward momentum in a largely supply-constrained market.
• In July 2025, Hydrogen Peroxide Spot Price saw a modest increase primarily due to localized supply disruptions stemming from planned maintenance and intermittent production slowdowns at select Midwestern plants.
• The Hydrogen Peroxide Production Cost Trend remained elevated, influenced by rising natural gas prices, which pushed up energy costs and discouraged full-capacity output, despite relatively stable raw material availability.
• Demand from downstream industries such as pulp & paper and specialty chemicals was steady, although the overall Hydrogen Peroxide Demand Outlook remained cautious due to macroeconomic uncertainty and limited growth from the textile and electronics sectors.
• Despite stable inventories, tight regional supply tipped the market slightly upward in July, reflecting a narrowly balanced market with constrained upside unless broader demand improves.
• Looking ahead, the Hydrogen Peroxide Forecast indicates a stable to slightly bullish sentiment, with pricing expected to remain firm amid constrained supply and tepid demand recovery.
APAC
• The Hydrogen Peroxide Price Index in China declined by -13.5% quarter-on-quarter in Q2 2025, dropped to USD 582/MT Spot Ex-Shanghai reflecting a weak market sentiment driven by persistent oversupply and cautious downstream procurement.
• In July 2025, Hydrogen Peroxide Spot Price remained largely stable at USD 582/MT Ex-Shanghai, with only marginal fluctuations, due to balanced supply-demand fundamentals and limited transaction activity.
• On the supply side, the Hydrogen Peroxide Production Cost Trend remained under control, with producers resuming operations after earlier maintenance shutdowns, thereby normalizing output levels, and easing upward pressure.
• The Hydrogen Peroxide Demand Outlook showed slight improvement in July, supported by recovery in paper production after the Dragon Boat Festival and a moderate seasonal uptick in textile processing and exports, but cautious inventory management limited major gains.
• Export performance in the textile segment improved in May and June, but high inventories and price-sensitive buying behaviour kept demand growth measured and inconsistent across regions.
• The Hydrogen Peroxide Forecast for China points to a cautiously optimistic trajectory, with prices expected to hold steady or rise slightly if supply tightness returns or seasonal demand strengthens.
Europe
• The Hydrogen Peroxide Price Index in Germany increased by +12.3% quarter-on-quarter in Q2 2025, underpinned by higher production costs, logistical bottlenecks, and firm demand from the paper and textile sectors.
• In July 2025, prices remained stable at USD 460/MT FOB Hamburg, despite lingering port congestion and elevated natural gas costs, suggesting a well-supplied market with efficient inventory management by manufacturers.
• The Hydrogen Peroxide Production Cost Trend in Germany remained upward-biased due to higher energy costs and logistical constraints around Hamburg port, which challenged distribution but were mitigated through alternate delivery routes.
• The Hydrogen Peroxide Demand Outlook stayed resilient, especially from textile finishing and bleaching, as well as paper mills, which continued operations at stable rates despite tariff-related uncertainty and competition from low-cost imports.
• With steady industrial activity and no major supply shocks in July, the market maintained a cautious equilibrium, although risks from geopolitical and regulatory uncertainties persist.
• The Hydrogen Peroxide Forecast for Europe remains balanced, with stable pricing expected in the near term, contingent on energy market stability and continued downstream consumption.
For the Quarter Ending March 2025
North America
In Q1 2025, the North American hydrogen peroxide market saw a notable upward trend, with prices rising by 3-5% across the quarter, driven by sustained energy costs and supply chain disruptions.
January prices were impacted by severe weather, rising natural gas prices, and supply constraints, which led to a bullish market sentiment despite steady demand. February saw a continuous upward pressure on prices, with costs rising due to ongoing energy price hikes and limited production capacity. While the paper and pulp industry faced demand uncertainty due to regulatory concerns, the textile sector showed a recovery, supporting price increases.
By March, prices remained stable due to balanced supply and demand, with consistent consumption from key industries like pulp & paper and textiles. Overall, while demand from key sectors like paper and textiles fluctuated, the increase in production costs and logistical challenges pushed prices higher throughout the quarter.
In comparison to Q4 2024, when prices declined by 1.4% due to weak demand and oversupply, Q1 2025 saw a positive reversal, driven by rising energy prices and moderate demand from key industrial sectors. The market was much more bullish, with energy and logistical challenges playing a significant role in price increases, unlike the bearish trend observed in the previous quarter.
APAC
For Q1 2025, the hydrogen peroxide market in Thailand experienced a mixed price trend, characterized by minor fluctuations due to supply-demand dynamics. In January, prices remained stable, supported by a balance between demand and supply despite lower industrial activity due to seasonal factors. However, in February, prices saw a slight increase, rising by approximately 2.1% due to supply challenges, including production slowdowns and factory closures. The demand remained steady in key sectors like pulp & paper and textiles, though logistics and rising production costs continued to strain the market. By March, a downturn emerged, with prices fall as demand from the paper and pulp sector weakened due to external factors such as China's industrial slowdown and the ongoing uncertainties in the global supply chain. This shift in the market led to oversupply conditions, further contributing to price pressure.
In comparison to Q4 2024, where prices had been under downward pressure due to oversupply and weak demand across industries, the Q1 2025 market displayed greater price stability, albeit with short-term fluctuations. The improvement in January and February can be attributed to sustained demand from key sectors like pulp & paper and textiles, despite ongoing supply chain disruptions. However, the market weakened towards the end of the quarter, reflecting the continued challenges in demand recovery and the broader economic factors impacting the APAC region.
Europe
In Q1 2025, hydrogen peroxide prices in Europe experienced a gradual increase, reflecting a more stable market compared to the previous quarter. In January, the prices remained stable, supported by balanced supply and demand dynamics, despite weaker industrial activity. As the quarter progressed, production constraints due to higher energy costs, particularly natural gas, drove prices upward, with February and March seeing increases of 5.0% and 4.3%, respectively. Prices in March influenced by increased demand from the pulp and paper sector following industrial consolidations and heightened sustainability initiatives. The textile industry also played a supportive role, with steady demand for eco-friendly bleaching solutions. In terms of supply, logistical disruptions, plant maintenance, and geopolitical concerns, particularly regarding EU-US trade tensions, created volatility, but producers effectively managed these challenges. Overall, the quarter's pricing trend was marked by steady demand from key sectors like pulp and paper, textiles, and wastewater treatment, with increasing production costs playing a pivotal role in the price escalation.
In comparison to Q4 2024, hydrogen peroxide prices in Q1 2025 showed a strong recovery. Q4 2024 was characterized by weak demand, oversupply, and reduced consumption across key sectors like paper and textiles, leading to a price decline of 7.0%. In contrast, Q1 2025 saw prices rise due to production cost increases, steady demand from major downstream industries, and the absence of oversupply conditions. The market’s recovery was further supported by resilient consumption, particularly in sustainable paper and textile production.
For the Quarter Ending December 2024
North America
In Q4 2024, the North American hydrogen peroxide market experienced a quarter-on-quarter decrease of 1.4%, driven by seasonal factors and evolving dynamics in downstream industries. The demand for hydrogen peroxide declined notably from the textile and paper industries, key consumers of the product. The onset of the winter season marked a downturn in seasonal demand, particularly in the textile sector, where hydrogen peroxide is widely used as a bleaching agent. Similarly, in the paper and pulp industry, the demand for bleached paper shipments fell, while unbleached paper shipments gained traction, reflecting shifts in market preferences.
Despite a bearish demand outlook, supply levels remained ample due to high inventories and stable production rates. Lower energy costs, influenced by declining crude oil prices, helped maintain manageable production costs, preventing significant disruptions in manufacturing. However, the oversupply and lacklustre demand exerted downward pressure on hydrogen peroxide prices throughout the quarter.
Additionally, macroeconomic factors such as geopolitical tensions in the Middle East, the strengthening of the U.S. dollar, and delayed production decisions by OPEC+ further influenced market sentiment. As the quarter progressed, the market stabilized in December due to steady demand and supply dynamics ahead of the holiday season. However, the subdued activity across key downstream sectors continued to cap any significant price recovery, maintaining the cautious sentiment in the hydrogen peroxide market.
APAC
In Q4 2024, the hydrogen peroxide market in the Asia-Pacific (APAC) region, particularly in Japan, exhibited a significant quarter-on-quarter decrease of 7.9%, driven by a combination of oversupply and subdued demand across key downstream sectors. Seasonal variations contributed to declining consumption levels, especially in industries such as textiles and cleaning applications, which are major consumers of hydrogen peroxide. This seasonal downturn was further exacerbated by reduced manufacturing activities, leading to lower overall demand. On the supply side, robust production rates and ample inventory levels created a surplus in the market, which intensified the downward pressure on prices. Hydrogen peroxide production, being energy-intensive, also faced cost fluctuations influenced by energy price dynamics, but the consistent oversupply outpaced actual consumption. Manufacturers attempted to balance the market by adjusting inventory levels, yet the surplus remained a persistent issue. Currency fluctuations, including the depreciation of the Japanese Yen, further impacted pricing dynamics, adding to operational challenges for manufacturers. Despite these pressures, the market managed to maintain stable supply levels. However, with demand failing to recover meaningfully, the hydrogen peroxide market in Japan remained bearish throughout the quarter, reflecting the broader challenges in the APAC region.
Europe
In Q4 2024, the hydrogen peroxide market in Europe, particularly Germany, faced a quarter-on-quarter decrease of 7.0%, driven by weak demand, oversupply, and declining energy costs. Seasonal demand from key sectors such as paper and pulp, chemicals, textiles, and disinfectants weakened significantly, leading to reduced consumption. Increased competition among manufacturers further pressured prices, as companies sought to attract buyers in a challenging market environment. Despite robust production and stable natural gas supplies, the market faced an oversupply scenario, with high inventory levels adding to the downward pressure. Declining energy costs due to lower crude oil prices helped reduce production expenses but did not offset the impact of subdued demand. Procurement activity remained limited, reflecting cautious sentiment among market players. The European paper and pulp industry, a major consumer of hydrogen peroxide, struggled with high stock levels and unplanned shutdowns due to unsold inventories and price pressures. Although demand from other sectors remained consistent, it was insufficient to counterbalance the challenges faced by the market. By the end of the quarter, the market achieved a balance between supply and demand, leading to price stabilization. However, overall bearishness defined the hydrogen peroxide market in Germany throughout Q4 2024.
For the Quarter Ending September 2024
North America
In Q3 2024, the North American Hydrogen Peroxide market experienced a notable increase in prices, with the USA leading the price surge. Several significant factors influenced this upward trend. Strong demand from key sectors like healthcare, water treatment, textiles, and electronics drove prices up, supported by strategic restocking activities and anticipation of higher export orders for international demand during the holiday season. Supply chain constraints and higher feedstock costs further heightened price pressures.
The USA, witnessing the most substantial price changes, saw a 26% increase from the same quarter last year and a 9% increase from the previous quarter in 2024. The price comparison between the first and second half of the quarter showed a 2% increase.
Despite seasonal slowdowns in industrial activities towards year-end holidays, the overall pricing environment remained positive, culminating in a quarter-ending price of USD 796/MT for Hydrogen Peroxide 50% FOB Illinois in the USA. This consistent upward trajectory reflected a bullish sentiment in the pricing dynamics.
APAC
In Q3 2024, the Hydrogen Peroxide market in the APAC region witnessed a consistent decline in prices, reflecting a challenging quarter for the industry. Several factors contributed to this downward trend. Oversupply, subdued demand from key sectors, and fluctuations in raw material costs played significant roles in influencing market prices. Japan, in particular, experienced the most pronounced price changes, with a 26% decrease compared to the same quarter last year. This downward trajectory continued from the previous quarter, recording a -14% change. Notably, within Q3 2024, the first half of the quarter saw a 15% decline in prices compared to the second half. The quarter ended with Hydrogen Peroxide priced at USD 395/MT CFR Tokyo in Japan. Overall, the pricing environment in Japan reflected a negative sentiment, with a consistent decrease in prices driven by market dynamics and external factors impacting the industry.
Europe
In Q3 2024, the Hydrogen Peroxide market in Europe experienced a notable increase in prices, with the Netherlands witnessing the most significant changes. The market dynamics were influenced by rising demand from various sectors such as healthcare, water treatment, and textiles, driving up prices. Supply chain constraints and higher feedstock costs like natural gas played a crucial role in the price surge. The market trend in the Netherlands reflected broader European patterns, where increasing demand and constrained supply led to a bullish pricing environment. The price change of 5% from the same quarter last year indicated a steady upward trajectory, with a 6% increase from the previous quarter in 2024 further reinforcing the positive trend. The 3% price comparison between the first and second half of the quarter highlighted a consistent rise. The quarter-ending price of USD 410/MT of Hydrogen Peroxide FOB Rotterdam in the Netherlands solidified the overall increasing sentiment in the market, demonstrating a robust pricing environment characterized by upward price movements.
FAQs:
Q1 What caused the hydrogen peroxide price increase in North America in July 2025?
The price uptick was due to regional supply tightening from planned maintenance and production cutbacks, despite steady downstream demand.
Q2 Why did the Hydrogen Peroxide Price Index fall sharply in China in Q2 2025?
Oversupply, weak textile and paper demand, and high inventories pressured prices downward, leading to a 13.5% quarterly decline.
Q3 How are rising energy costs affecting hydrogen peroxide production in Europe?
Higher natural gas prices have increased production costs, influencing the Hydrogen Peroxide Production Cost Trend, though stable demand prevented price spikes.
Q4 What is the demand outlook for hydrogen peroxide in the global textile industry?
The Hydrogen Peroxide Demand Outlook is mixed—stable in Europe, improving slightly in China, but cautious in the U.S. due to trade-related headwinds and cost pressures.
