The Finland Hydrogen Peroxide market demand stood at 140 thousand tonnes in 2023 and is expected to grow at a CAGR of 3.5% during the forecast period until 2034.
Hydrogen peroxide (H2O2) is a transparent, collarless, inorganic liquid chemical compound. The prevalent method for hydrogen peroxide production is the anthraquinone-autoxidation (AO) process. In this AO process, hydrogen peroxide is generated from hydrogen and atmospheric oxygen. The raw hydrogen peroxide obtained through the AO process undergoes subsequent purification and concentration steps. Hydrogen peroxide, known for its outstanding oxidizing properties, holds a key position in the paper and pulp domain, it acts as a powerful bleaching agent, enhancing brightness levels, stabilizing brightness. Its role is crucial in minimizing the presence of harmful halogenated substances and effluents in pulp, while simultaneously lightening the colour of the effluent. In the textile industry, hydrogen peroxide emerges as the most widely used bleaching agent, employed in the whitening of natural cellulose-based fibers like cotton and linen. Within wastewater treatment, it plays a pivotal role as a significant oxidizing agent, aiding in the reduction of biochemical oxygen demand and chemical oxygen demand in industrial wastewater. In the electronics sector, it serves as a robust oxidizer with diverse applications in the etching process of printed circuit boards, underscoring its critical role in various manufacturing processes. The semiconductor industry has widely adopted hydrogen peroxide for its exceptional cleaning capabilities, establishing it as an efficient solution for various cleaning purposes.
The growth drivers of the Hydrogen Peroxide market in Finland are significantly shaped by a variety of end-use sectors. While the pulp and paper sector currently stand out as a prominent end-user, its future prospects are expected to lighten in Finland due to the ongoing trend of digitalization and environmental awareness scenario. Furthermore, the water treatment sector plays a pivotal role in driving Hydrogen Peroxide demand, attributed to its effectiveness in disinfection and wastewater treatment applications. Additionally, the textiles industry emerges as a significant end-use driver, with Hydrogen Peroxide being extensively applied as a bleaching agent in textile manufacturing processes. The electronic industry notably acts as a major influencer, incorporating Hydrogen Peroxide into various processes, thereby fostering market expansion. Kvanttinova is an industry-driven piloting and development facility for microelectronics and quantum technology in Finland. Kvanttinova strengthens Finland's position as a key hub for microelectronics and quantum technology within Europe. The European Union and the United States Chip Acts are geared towards reducing reliance on global value chains from external sources. The European Chips Act, aiming to double the European market share to 20% by the year 2030, necessitates substantial investments in deep technology and increased manufacturing capacity. In this context, Kvanttinova plays a crucial role in advancing European technological leadership in chip development. The company focuses on highly integrated processes to support specialized microelectronics, including integrated photonics, MEMS sensors, silicon-based detectors, radio frequency communications, and quantum technology. Thus, the increase in the production of chips, the demand of hydrogen peroxide is anticipated to rise in Finland. Thus, Finland Hydrogen Peroxide market is likely to reach roughly 205 thousand tonnes in 2034.
Based on the end-user industry, the Finland 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 34% in the year 2023.
Major players in the Finland Hydrogen Peroxide market are Solvay Peroxides and Kemira Oyj. Other global players include Aurora Plastics LLC, Arkema SA, Formosa Plastics Corporation, Ineos, LG Chem, Occidental Petroleum Corporation, Orbia (Mexichem SAB de CV), SABIC, Shin-Etsu Chemical Co. Ltd., Westlake Corporation, Evonik Industries, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Finland Hydrogen Peroxide which covers production, demand and supply of Hydrogen Peroxide market in Finland.
• To analyse and forecast the market size of Finland Hydrogen Peroxide
• To classify and forecast Finland 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 Finland.
To extract data for Finland 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 Finland Hydrogen Peroxide market over the coming years.
ChemAnalyst calculated Hydrogen Peroxide demand across the Finland 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, Finland 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
140 thousand tonnes
Market size Volume by 2034
205 thousand tonnes
Growth Rate
CAGR of 3.5% from 2024 to 2034
Base year
2023
Estimated Year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2034
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)
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What was the size of Finland Hydrogen Peroxide market in terms of volume in 2023?
Ans:
The size of Finland Hydrogen Peroxide market has grown significantly in the historic period and reached approximately 140 thousand tonnes in 2023.
Q2.
Which industries are the leading consumers of Finland Hydrogen Peroxide market?
Ans:
Paper & Pulp, Textiles, Waste Water Treatment, Food Processing, Electronics & Semiconductors, and Pharmaceuticals are the leading consumers of Finland Hydrogen Peroxide market.
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