The Belgium Hydrogen Peroxide market demand stood at 500 thousand tonnes in 2023 and is expected to grow at a CAGR of 3.6% during the forecast period until 2033.
Hydrogen peroxide is used particularly in the paper and pulp sector where it serves as a potent bleaching agent, playing a key role in enhancing brightness levels, ensuring increased stability of brightness, and contributing to cost reduction in production. Its crucial application lies in minimizing the presence of harmful halogenated substances and effluents in pulp, simultaneously lightening the color of the effluent. In the textile industry, hydrogen peroxide stands out as the predominant bleaching agent, widely used for bleaching natural cellulose-based fibers such as cotton and linen. Recognized for its potent bleaching effects among oxidizing agents, hydrogen peroxide proves to be a cost-effective solution in various industrial processes. In the domain of wastewater treatment, hydrogen peroxide assumes a pivotal role as a significant oxidizing agent in industrial wastewater. Within the electronics sector, it functions as a potent oxidizer with broad applications in the etching process of printed circuit boards, underscoring its indispensable role in diverse manufacturing processes. The semiconductor industry specifically embraces hydrogen peroxide for its remarkable cleaning capabilities, establishing it as an effective solution for various cleaning purposes.
In the Belgium Hydrogen Peroxide market, diverse end-use sectors significantly drive market dynamics. Particularly, the electronics industry stands out as a major driver leveraging Hydrogen Peroxide and thereby fuelling market growth. While the pulp and paper sector is currently a notable industry, its future trajectory in Belgium is anticipated to decline due to the ongoing digitalization trend in the Western countries. Additionally, the water treatment industry plays a pivotal role in stimulating Hydrogen Peroxide demand, given its effectiveness in disinfection and wastewater treatment applications. Furthermore, the textiles sector emerges as a key driver, extensively employing Hydrogen Peroxide as a bleaching agent in the manufacturing process. Notably, the electronics industry stands out as a major factor, leveraging Hydrogen Peroxide in various processes, such as the manufacture of silicon-based chips, where high purity is crucial. This active involvement in the electronics sector contributes substantially to the market's growth. Thus, Belgium Hydrogen Peroxide market is likely to reach roughly 710 thousand tonnes in 2033.
Based on the end-user industry, the Belgium Hydrogen Peroxide market is segmented into Paper & Pulp, Textiles, Waste Water Treatment, Food Processing, Electronics & Semiconductors, Pharmaceuticals, and Others. The largest market share of Hydrogen Peroxide goes with high proportion in Paper & Pulp about 27% in the year 2023.
Major players in the Belgium Hydrogen Peroxide market are Evonik Industries and Solvay Peroxide. Other global players in Hydrogen peroxide market include Formosa Plastics Corporation, Arkema SA, Orbia (Mexichem SAB de CV), Aurora Plastics LLC, Ineos, LG Chem, Occidental Petroleum Corporation, SABIC, Shin-Etsu Chemical Co. Ltd., Westlake Corporation, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2033
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Objective of the Study:
• To assess the demand-supply scenario of Belgium Hydrogen Peroxide which covers production, demand and supply of Hydrogen Peroxide market in Belgium.
• To analyse and forecast the market size of Belgium Hydrogen Peroxide
• To classify and forecast Belgium Hydrogen Peroxide market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Hydrogen Peroxide market in Belgium.
To extract data for Belgium Hydrogen Peroxide market, primary research surveys were conducted with Hydrogen Peroxide manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Belgium Hydrogen Peroxide market over the coming years.
ChemAnalyst calculated Hydrogen Peroxide demand across the Belgium region by analysing the volume of Hydrogen Peroxide consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Hydrogen Peroxide manufacturers and other stakeholders
• Organizations, forums and alliances related to Hydrogen Peroxide distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Hydrogen Peroxide manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Belgium Hydrogen Peroxide market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
500 thousand tonnes
Market size Volume by 2033
710 thousand tonnes
Growth Rate
CAGR of 3.6% from 2024 to 2033
Base year
2023
Estimated Year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2033
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2033
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Foreign Trade, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Paper & Pulp, Textiles, Waste Water Treatment, Food Processing, Electronics & Semiconductors, Pharmaceuticals, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
Antwerp & Flanders, Walloon Region, Brussels Capital Region, and Others
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What was the size of Belgium Hydrogen Peroxide market in terms of volume in 2023?
Ans:
The size of Belgium Hydrogen Peroxide market has grown significantly in the historic period and reached approximately 500 thousand tonnes in 2023.
Q2.
Which industries are the leading consumer of Hydrogen Peroxide in Belgium?
Ans:
Paper & Pulp, Textiles, Wastewater Treatment, Food Processing, Electronics & Semiconductors, and Pharmaceuticals are the leading consumers of Hydrogen Peroxide.
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