H1 2023: The main producers of Hydrogen Peroxide in Europe during H1 2023 were Solvay Peroxides, Evonik Industries, and Arkema. In H1 2023, Europe Hydrogen Peroxide witnessed fluctuations in the hydrogen peroxide prices. In the German market, Hydrogen Peroxide prices began to hike from January 2023. Owing to high demand of hydrogen peroxide by the downstream industries, the prices remained on a higher side till February 2023. After then end of February 2023, hydrogen peroxide prices slipped in the German market towards a negative end. The demand from the downstream paper and other industries was weak due to strong inflationary pressures in Europe. The European Central Bank tightened monetary policy and raised interest rates to battle inflation, which caused downstream industries' buying activities to stay pessimistic in March 2023. However, hydrogen peroxide prices continued to witness a bearish from April – June 2023 in Germany. The major cause of the price drop was the reduced costs of raw material and natural gas which further reduced the hydrogen peroxide production costs. The product's abundance in Germany also narrowed the supply-demand gap. No big purchases were issued by buyers. The end-user sectors’ manufacturers battled with a deteriorating demand scenario and were discovered to be claim a low consumption rate of Hydrogen Peroxide within the time period in Germany.
H1 2022: In 2022, Europe’s total production of Hydrogen peroxide had reached approximately 10 thousand tonnes. During H1 2022, the key producers of Hydrogen Peroxide were Evonik Industries, Solvay Peroxides, and Kemira Oyj. Evonik Industries is one of the leading producers of Hydrogen Peroxide with total 18 hydrogen peroxide production sites across the globe out of which 6 are situated in Europe. In H1 2022, Europe Hydrogen Peroxide market faced mixed hydrogen peroxide prices. From January 2022, Hydrogen Peroxide increased in Europe. Prices rose as Europe was strongly dependent on Russia for crude oil and natural gas for producing hydrogen peroxide. With the decline in the availability of raw material and rise in the prices of oil and gas led to an energy crisis that resulted in low inventory and high hydrogen peroxide price in the region. In Europe, the market faced a downward trend in prices and volatility in hydrogen peroxide prices towards the middle of May 2022. Strong upstream anthraquinone inventories in the domestic market and excess hydrogen peroxide inventories contributed to the fall in European prices in May 2022. However, the rise in the commodity prices for crude oil and a shortage of upstream supply of anthraquinones from China drove prices higher in June 2022. High energy price and hydrogen peroxide factory operating costs and increase in the transport costs on the continent, led to a hike in the price of hydrogen peroxide in Europe.
H2 2022: Just like H1 2022, hydrogen peroxide prices fluctuated frequently in Europe in H2 2022. The price of hydrogen peroxide in the European market fell till mid-August 2022. In the European market, buying segment in the downstream industries such as pulp and paper industry was low due to low-capacity utilization and high energy prices. However, Hydrogen peroxide prices increased after mid-August 2022 due to better condition and increased demand for paper in the downstream packaging sector in Europe. From October 2022, hydrogen peroxide prices fell across the European continent due to the high energy prices in Europe and insufficient capacity utilization. Additionally, the demand from the pulp and paper industry in the European market was quite feeble. Buying sentiment of Hydrogen Peroxide in Europe was negative as below-average production rates reduced bleaching demand in the downstream pulp industry across Europe. At the end of December 2022, destocking activities and German public holidays led to further downward trajectory of the hydrogen peroxide prices in Germany.
The Europe Hydrogen Peroxide market stood at approximately 1100 thousand tonnes in 2022 and is expected to grow at an impressive CAGR of 6.25% during the forecast period until 2032.
Hydrogen Peroxide possesses potent oxidizing qualities that make it a strong bleaching agent, and is mostly used to bleach paper, but also finds usage as an oxidant and a disinfectant. The bleaching process used by the paper and pulp industries mainly relies on hydrogen peroxide. This substance improves the pulp's brightness and stability, making it suitable for use in various items like magazines, display boards, tissue, toilet paper, etc. In order to expedite the removal of contaminants and extract high-quality cotton for use in textiles, hydrogen peroxide is employed in the cotton textile industry. Hydrogen peroxide is also used to clean surfaces and medical equipment in hospitals and other healthcare facilities. Hydrogen peroxide is also used in certain medical and personal hygiene activities. It is used as an antiseptic to treat minor skin burns and wounds as well as a mouthwash to remove mucus and other oral irritations. Additionally, it is also used to clean surfaces and equipment used in food processing. European Commission on Health & Consumer Protection, which came to the conclusion that teeth whitening products with hydrogen peroxide concentrations between 0.1 and 6 percent is regarded safe. Due to its biodegradability, it is employed as a bleaching agent in the food processing industry to whiten products like egg white, edible oil, and wheat flour.
Hydrogen Peroxide finds numerous applications in different industries such as pulp and paper, food and beverages, and electronics because of its low price, ease of access, and effective bleaching capabilities. This market for hydrogen peroxide is anticipated to stagnate due to the ongoing shift to digital media and declining paper use. However, it is anticipated that the packaging and hygiene paper industries will likely develop at healthy rates and outpace the negative impact. The substance is also widely utilized in Europe's healthcare, dentistry, pharmaceutical, and cosmetics sectors for sanitization purposes. Although, due to its capability to remove harmful effluents from water and make it safe for consumption, the product is prominently used in the waste water treatment industry. Germany plays a significant role in the expansion of the European market with major giant producers like Arkema SA and Evonik Industries located in this country. The leading players are making considerable investments to increase their plant capacities and keep up with the region's growing demand for hydrogen peroxide, which is considerably fueling the expansion of the hydrogen peroxide market in Europe. The Hydrogen Peroxide market is expected to reach 2000 thousand tonnes in the year 2032.
Based on the end-user industry, the Europe Hydrogen Peroxide market is divided into Paper & Pulp, Textiles, Water & Waste Water Treatment, Food Processing, Electronics & Semiconductors, Pharmaceuticals, and Others. Among these, the Paper & Pulp industry is dominating the Hydrogen Peroxide market. This industry consumed approximately 48% of the market in 2022. Water & Waste Water Treatment and Electronics & Semiconductors are the promising industries which favor the Hydrogen Peroxide market expansion in the term.
Significant players in the Europe Hydrogen Peroxide market are Evonik Industries, Solvay Peroxides, Kemira Oyj, Orgsyntes Group, and Arkema SA. Other players in the global Hydrogen Peroxide market are Sunkyong Chemicals Ltd., Oci Chemicals, National Peroxide Limited (NPL), Indian Peroxide Limited (IPL), Eka Chemicals, Taekwang Industrial Co. ltd., and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Hydrogen Peroxide which covers production, demand and supply of Hydrogen Peroxide market in the globe.
• To analyse and forecast the market size of Hydrogen Peroxide
• To classify and forecast Europe 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 the globe.
To extract data for Europe 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 Europe Hydrogen Peroxide market over the coming years.
ChemAnalyst calculated Hydrogen Peroxide demand in the globe by analyzing the historical data and demand forecast which was carried out considering the raw materials to produce Hydrogen Peroxide. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at 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 s manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Europe 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 2022
1150 thousand tonnes
Market size Volume by 2032
2000 thousand tonnes
Growth Rate
CAGR of 6.25% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
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, Company Share, Foreign Trade
Segments covered
By End-Use: (Food Packaging, Tobacco Packaging, Non-Food Packaging, Industrial, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
Southern Europe, Eastern Europe, Western Europe, and Northern Europe
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Member - Board of Directors
Osaka Gas Co. Ltd
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What was Europe market size of Hydrogen Peroxide in terms of volume in 2022?
Ans:
The Europe market size of Hydrogen Peroxide has grown significantly in the historic period of 2015-2022 and reached approximately 1100 thousand tonnes in 2022.
Q2.
Which industry is the major consumer of Europe Hydrogen Peroxide market?
Ans:
The Paper & Pulp industry is dominating the Hydrogen Peroxide market with a market share of approximately 48% in 2022.
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