This paper reviews the improvement in the field of catalytic hydrogenation of 2-ethylanthraquinone to 2-ethylanthrahydroquinone for the successful production of hydrogen peroxide. Hydrogen peroxide is being used in almost all industrial areas, particularly in the chemical industry and in environmental protection, as the most promising oxidant for cleaner and environmentally safer processes. A variety of hydrogenation catalysts have been introduced for hydrogenation of 2-ethylanthraquinone in the production of hydrogen peroxide via anthraquinone (AQ) process. The aim of the present study is to describe the catalysts used in the hydrogenation of 2-ethylanthraquinone and the reaction mechanism involved with different catalytic systems. The hydrogenation of 2-ethylanthraquinone using metals, alloy, bimetallic composite, and supported metal catalyst with the structural modifications has been incorporated for the production of hydrogen peroxide. The comprehensive comparison reveals that the supported metal catalysts required lesser catalyst amount, produced lower AQ decay, and provided higher catalyst activity and selectivity. Furthermore, the replacement of conventional catalysts by metal and metal alloy-supported catalyst rises as a hydrogenation trend, enhancing by several times the catalytic performance.