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European Hydrogen Peroxide Market size to hit $1.5 Bn by 2027
Published Date: 2021-05-28
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European Hydrogen Peroxide Market size is projected to reach USD 1.5 billion by 2027, according to a latest forecast report by Graphical Research. The industry witness significant growth due to surge in demand from aseptic packaging segment, which is one of the major application areas of hydrogen peroxide in food industry.
Hydrogen peroxide is a versatile compound and finds application in vast industry segments owing to its high oxidizing/reducing strength and bleaching properties. It is extensively used in paper & pulp for bleaching, preparation of various other derivatives in chemical industry, for treating sewage and wastewater from industries and as an oxidizing agent in mining processes. Other applications include textile, food processing, medical & pharmaceutical and various others.
Hydrogen peroxide is utilized as a multipurpose bleaching agent in bleaching sequences, mechanical pulp, chemical pulp and in paper recycling to remove printed ink form the surface. It is also one of the key chemicals used in multi-stage method for the bleaching of kraft pulp. The use of hydrogen peroxide increases the brightness of paper by originating low residue of halogenated mixtures. Increasing paper production and usage of recycled paper, will induce growth potential in Europe hydrogen peroxide market size.
The industry will challenges from the ongoing COVID-19 pandemic over the forecast period. This may be due to the sudden halt in chemical production, paper & pulp production and mining activities across the region. The halts have impacted the pricing of hydrogen peroxide in many countries due to the declining demand from many end-use industries. At the same time, many packaging manufacturing companies have got additional projects; for instance, Spain has witnessed a surge in the demand for packaging for the packaged food, cleaning products, and medicines.
Browse detailed statistical insights from the report, “Europe Hydrogen Peroxide Market Size By End-user (Paper & Pulp, Chemical, Waste Water Treatment, Mining and Others), Research Report, Country Outlook, Price Trends, Growth Prospects, COVID-19 Impact Statistics, Competitive Industry Share & Forecasts, 2021 – 2027” along with the table of contents (ToC) @
In 2020, chemical segment held over 35% share in hydrogen peroxide market. The hydrogen peroxide is widely utilized as a chemical in various personal care and cleaning products, such as laundry stain removers, bathroom cleaners, toothpaste and bleaching solution. The rise demand for the personal care and cleaning products across the region, will drive the revenue generation.
Others segment of end-users hold significant share in Europe hydrogen peroxide industry. Others segment of end-users include hydrogen peroxide application in food processing, textiles, electronics, and medical & pharmaceutical applications. It is also used for household purposes and kitchen activities. In food processing, it is widely used for aseptic food packaging (pouches, cans, tetra packs, etc.) and the sterilization of machinery and equipment used in the food packaging and treatment. In textiles, it is actively used for bleaching and brightening fabric colors. In the electronics industry, hydrogen peroxide is widely used as an etchant in the printed circuit boards production.
Hydrogen peroxide is used as a disinfect solution in the healthcare industry, because of that many countries are using the concentrated vapor phase hydrogen peroxide in specialized medical devices to disinfect already used personal protective equipment, N95 respirator masks and other protective gears worn by healthcare professionals treating coronavirus patients. This technology will help allow recycling of the respirator masks which are in short supply thereby supporting the market size.
The Europe hydrogen peroxide market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
Europe Market, By End-user
- Paper & Pulp
- Waste Water Treatment
The above information has been provided for the following countries:
- Rest of Europe