Market revenue in 2024 | USD 243.9 million |
Market revenue in 2030 | USD 318.8 million |
Growth rate | 4.6% (CAGR from 2024 to 2030) |
Largest segment | <30% |
Fastest growing segment | <30% |
Historical data covered | 2018 - 2023 |
Base year for estimation | 2024 |
Forecast period covered | 2025 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | <30%, 30%-50%, 50%-80%, >80% |
Key market players worldwide | Evonik Industries AG, Taekwang, Arkema SA, Grupa Azoty, Solvay SA, Akzo Nobel NV, gujarat alkalies and chemical ltd, National Peroxide Ltd., OCI Chemical, Airedale Chemical |
<30% was the largest segment with a revenue share of 67.61% in 2024. Horizon Databook has segmented the Europe hydrogen peroxide market based on <30%, 30%-50%, 50%-80%, >80% covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is run by major industrial economies, such as the UK, Germany, France, and the Netherlands, with an increasing number of manufacturers and various market suppliers penetrating the regional ecosystem. The European hydrogen peroxide market is largely driven by the increasing demand for disinfectants post the COVID-19 outbreak.
The UK was the most impacted country by the outbreak, which led to high demand for disinfectants across the country. Europe is observed to be one of the largest consumers of disinfectant products for public area cleaning as well as residential hygiene and sanitization purposes, and the trend is likely to continue in the coming years. These factors are projected to drive the demand for hydrogen peroxide over the predicted period.
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