The global hydrogen peroxide market segmented into function, process, end-user, and region. Cosmetics, cleaning agents, microelectronics hydrogen peroxide has been moving innovative applications in chemistry for two centuries. As a supplementary propellant for rockets, this compound of hydrogen and oxygen is now playing a major role in safeguarding greener propulsion in space, such as Evonik is one of the world’s leading producers of hydrogen peroxide. The group can produce over 950,000 metric tons of it annually. Nowadays, hydrogen peroxide is used in a wide variety of areas, like semiconductor production, paper manufacturing, and food technology. Paper production in Eilenburg/Saxony: in the bleaching process, hydrogen peroxide replaces chlorine-based agents that harm the environment.