Europe Hydrogen Peroxide Market

Europe Hydrogen Peroxide Market Analysis

The Europe Hydrogen Peroxide Market is expected to register a CAGR of greater than 4% during the forecast period.

COVID-19 negatively impacted the market because of nationwide lockdowns, social distancing mandates, etc., which caused supply chain disruptions. However, the demand remained intact primarily due to the need for sanitization and the chemical's growing usage in pharmaceutical and healthcare facilities. Presently, the market has recovered from the pandemic and is growing at a significant rate.

• Over the short term, the increasing utilization in the paper and pulp industry and rising application in water treatment industries are major factors driving the market's growth.
• However, a rise in hydrogen peroxide prices is expected to restrain the market's growth.
• Nevertheless, growing investments in expanding hydrogen peroxide plant capacity are expected to create lucrative growth opportunities for the European market.
• Germany represents the largest market over the forecast period due to the consumption from various industries such as paper and pulp, textiles, electronics, and others.

Europe Hydrogen Peroxide Market Trends

Pulp and Paper Segment to Dominate the Market

• Hydrogen peroxide is a good bleaching agent for mechanical wood pulp. It makes mechanical wood pulp achieve higher whiteness. It is non-toxic and non-polluting and hardly damages the fiber during bleaching, with less than 1% bleaching.
• The use of hydrogen peroxide increased significantly in the pulp and paper industry due to ease of use, improved paper quality, lower production costs, increased yield percentage, and being environmentally friendly. The brightness of the paper that is made from hydrogen peroxide bleach is more stable.
• According to Eurostat, the European pulp and paper industry generated revenue of EUR 115 billion (~USD 121.19 billion) in 2022.
• Member countries of the Confederation of European Paper Industries (CEPI) consumed 72.5 million metric tons of paper and board in 2022.
• Additionally, in 2022, CEPI member countries produced 32.5 million metric tons of case materials, making it the most produced paper and board grade that year, thus enhancing the hydrogen peroxide market.
• Furthermore, according to the Federal Statistical Office (Destatis), the German paper packaging industry generated around EUR 16 billion (~USD 16.86 billion) in revenue in 2022. This was an increase compared to the previous year at EUR 13.6 billion (~USD 14.33 billion).
• Additionally, the value of pulp, paper, and paperboard exported by the United Kingdom was GBP 2.6 billion (~USD 3.22 billion) in 2022, according to HM Revenue and Customs.
• Thus, the growing paper and pulp industry is expected to increase the demand for hydrogen peroxide during the forecasted period.

Germany to Dominate the Market

• During the forecast period, Germany is expected to dominate the hydrogen peroxide market due to the growing paper and pulp industry and increasing demand from various end-user industries such as electronics, textiles, and others.
• According to the Federal Statistical Office (Destatis), it is projected that the revenue from the manufacturing of paper and paperboard in Germany will amount to approximately USD 21.76 billion by 2025. This is expected to increase the demand for hydrogen peroxide during the forecasted period.
• Hydrogen peroxide is commonly used to bleach natural and synthetic fibers like cotton, wool, rayon, silk, linen, and viscose. Its use provides high brightness and preserves the fibers' mechanical properties. These properties increase the demand for hydrogen peroxide from the textile industry in Germany.
• According to the Federal Statistical Office (Destatis), the German textile industry recorded a revenue of around EUR 12.8 billion (~USD 13.49 billion) in 2022.
• The electronics industry often utilizes hydrogen peroxide for cleaning and etching. It is also commonly used to produce flat panel displays and clean semiconductor wafers.
• As per the European Information Technology Observatory (EITO), revenue from consumer electronics in Germany amounted to EUR 8.2 billion (~USD 8.64 billion) in 2022.
• Additionally, Evonik Industries AG in Germany, as one of the biggest providers of hydrogen peroxide, delivers it to customers in various industries such as electronics, pulp and paper production, hygiene and disinfection, chemical synthesis, mining, agriculture, water and wastewater treatment or pharmaceuticals and health care. Thus enhancing the hydrogen peroxide demand in the region.
• Therefore, all the aforementioned factors are expected to boost the demand for hydrogen peroxide during the forecasted period.

Europe Hydrogen Peroxide Industry Overview

The European Hydrogen Peroxide market is consolidated in nature. The major players (not in any particular order) include Arkema, Evonik Industries AG, Nouryon, Nuberg, and Solvay, among others.

Europe Hydrogen Peroxide Market Leaders

Europe Hydrogen Peroxide Market News

June 2023: Solvay announced its partnership with Sapio to develop Europe's first hub for producing green hydrogen peroxide by mid-2026 and help decarbonize the plant.

April 2022: Evonik Industries AG released a new sustainability strategy to expand the beneficial handprint and reduce the environmental footprint of hydrogen peroxide.