Benzoyl Peroxide Market Size is USD 57.7 Million in 2025

The global benzoyl peroxide market exceeded USD 56.4 million in 2024 and is projected to reach USD 70.8 million by 2034, growing at a CAGR of 2.3%. This growth is driven by rising demand in dermatology applications, particularly acne treatment, and increasing use in the cosmetics and personal care industry.

Benzoyl Peroxide Market Highlights

• Asia Pacific dominated the global market in 2024.
• North America is anticipated to grow at the fastest rate in the market during the forecast period.
• By type, the 50% benzoyl peroxide powder segment held a dominant presence in the market in 2024.
• By type, the 50% benzoyl peroxide paste segment is expected to grow at the fastest rate in the market during the forecast period of 2025 to 2034.
• By application, the chemical and plastics industry segment accounted for a considerable share of the market in 2024.
• By application, the automotive and transportation segment is projected to experience the highest growth rate in the market between 2025 and 2034.

Benzoyl Peroxide Market Statical Scope

The benzoyl peroxide market is attaining massive growth due to the rising awareness regarding its use in acne treatment, which has widely attracted the attention of many personal care and pharmaceutical industries. Most of the growth is attracted from the urbanized areas due to higher personal care awareness and higher disposable incomes. The stringent regulations may restrict its distribution without professional recommendation, which may lead to side effects like skin irritation and allergies.

The rising popularity of skincare and personal wellness in the developing economies is expected to create several business opportunities in the coming years. For instance, IBEF stated that India is projected to enter the top 5 global markets in terms of revenue in 2024. The rising social media influence remains a major factor, which is influencing the population to purchase such products. The benzoyl peroxide market is expected to grow more massively as AI is helping in driving more data-driven solutions to reduce failures in the product lines.

Benzoyl Peroxide Market Companies

• Akzo Nobel
• United Initiators
• Arkema
• Chinasun Specialty Products
• Taizhou Yuanda
• Haixiang
• Hentai
• SACI
• Jain & Jain
• YUH TZONG

Benzoyl Peroxide Market Segmentation

By Type

• 50% Benzoyl Peroxide Powder
• 50% Benzoyl Peroxide Paste

By Application

• Chemical and Plastics Industry
• Building and Construction
• Automotive and Transportation
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa