Market revenue in 2024 | USD 30.4 million |
Market revenue in 2030 | USD 42.4 million |
Growth rate | 5.7% (CAGR from 2024 to 2030) |
Largest segment | <30% |
Fastest growing segment | <30% |
Historical data | 2018 - 2023 |
Base year | 2024 |
Forecast period | 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 67.76% in 2024. Horizon Databook has segmented the Germany hydrogen peroxide market based on <30%, 30%-50%, 50%-80%, >80% covering the revenue growth of each sub-segment from 2018 to 2030.
Germany is one of the most prominent markets across Europe in terms of industrial sector contribution to GDP development and surge in manufacturing practices across the country. High consumer demand for household consumer goods, cosmetics, electronic goods, and more are observed to be driving the manufacturing sector in the country.
Further, a surge in the sales of the aforementioned industries has been driving the demand for hydrogen peroxide over the forecast period. According to Statista, the personal care market in Germany is expected to reach USD 13,268 million by 2025, growing at a CAGR of 8.43% from 2021 to 2025 because of increasing disposable income coupled with increasing awareness regarding personal care.
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