The Europe Hydrogen Peroxide Market would witness market growth of 4.7% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 895.68 kilo tonnes, showcasing a growth of 4.2% (2019-2022).
Demand for hydrogen peroxide in water treatment is rising due to water constraints. Its role in efficient and sustainable water treatment processes aligns with the increasing need for clean and safe water resources. Ongoing technological advancements in the production processes of hydrogen peroxide have led to increased efficiency and cost-effectiveness. Continuous improvements in manufacturing technologies contribute to overall market growth and competitiveness.
Hydrogen peroxide is finding new applications in emerging industries, such as nanotechnology and advanced materials. Its unique properties make it suitable for innovative processes and applications, expanding its reach beyond traditional sectors. Manufacturers are offering customized hydrogen peroxide solutions to meet specific industry needs. Tailored formulations and concentrations allow more precise and efficient use in diverse applications, driving customized solutions.
An increasing number of European nations are placing greater emphasis on environmental sustainability and the critical nature of wastewater treatment. Consequently, the utilization of hydrogen peroxide in wastewater treatment processes to treat industrial and municipal wastewater is anticipated to contribute to a surge in demand. Hence, Europe's rising need for wastewater treatment and initiatives will increase the demand for water treatment products like hydrogen peroxide.
The Germany market dominated the Europe Hydrogen Peroxide Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $267.1 Million by 2030. The UK market is exhibitng a CAGR of 3.7% during (2023 - 2030). Additionally, The France market would experience a CAGR of 5.5% during (2023 - 2030).
Based on Application, the market is segmented into Pulp & Paper, Chemical Synthesis, Wastewater Treatment, Mining, Food & Beverages, Healthcare, Personal Care, Textiles, and Others. Based on Function, the market is segmented into Bleaching, Disinfectant, Oxidant, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Hydrogen Peroxide Market will Hit $4.5 Billion by 2030, at a CAGR of 5.2%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Evonik Industries AG (RAG-Stiftung), TAEKWANG Industrial Co., ltd., Arkema S.A., Grupa Azoty S.A., Solvay SA, Akzo Nobel N.V., Gujarat Alkalies and Chemicals Limited, Mitsubishi Gas Chemical Company, Inc., OCI Company Ltd., Airedale Chemical Holdings Limited.
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Function (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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