Europe Hydrogen Peroxide Market Size 2024, Revenue, Rising Trends, Demand, Growth Drivers, Challenges, Future Opportunities and Forecast Till 2033: SPER Market Research
Strong bleaching properties provided by hydrogen peroxide allow it to be employed not only as an oxidant and disinfectant but also primarily for bleaching paper. Hydrogen peroxide is mostly utilized in the bleaching process used by the pulp and paper sectors. This enhances the brightness and stability of the pulp, which makes it acceptable for use in a variety of products, including tissue, toilet paper, magazines, and display boards. Within the cotton textile business, hydrogen peroxide is used to remove impurities more quickly and extract high-quality cotton for use in textiles. In hospitals and other healthcare facilities, hydrogen peroxide is also utilized for surface cleaning and equipment cleaning.
According to SPER Market Research, ‘Europe Hydrogen Peroxide Market Size- By Product Function, By End User Industry- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the Europe Hydrogen Peroxide Market is estimated to reach USD 1122.06 million by 2033 with a CAGR of 4.5%.
The stringent environmental regulations that disallow bleaches with a chlorine basis are driving growth in the hydrogen peroxide market in Europe. Due to its zero emissions and environmental friendliness, hydrogen peroxide is in high demand in the European market. It’s an inexpensive chemical that’s used to clean water and recycle paper. It can be used in a wide range of residential, business, and industrial contexts. For instance, it is used as an antiseptic in hospitals, to bleach paper and fabrics, and as a disinfectant in cleaning supplies and water purification systems. It is used in the pulp and paper industries for recycling and bleaching. In the medical field, hydrogen peroxide is used as a disinfectant and antiseptic. In order to stop infections, wounds, cuts, and burns are frequently cleaned with it. It is used in the procedures of treating water to get rid of pollutants, smells, and impurities.
Hydrogen peroxide is thought to be carcinogenic and may be detrimental to human health. It can result in severe blisters, burns, and skin whitening if it gets into the eyes. It can also cause irreversible vision loss if it gets into the skin. It needs to be treated carefully. There are tight rules in place as a result of these hazards. The government issued a warning on the use of extremely concentrated hydrogen peroxide for therapeutic purposes. Hydrogen peroxide’s potent oxidizing qualities can be detrimental to the respiratory system, eyes, and skin. Additionally, it may irritate skin and bleach hair. Since it reacts with some compounds, handling and storage must be done carefully to avoid health concerns.
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The demand for hydrogen peroxide in a number of industries, including paper, chemical synthesis, food processing, textiles, wastewater treatment, and electronics semiconductors, has been adversely impacted by the COVID-19 epidemic. During the pandemic, several enterprises were forced to temporarily halt operations, which resulted in a decrease in the amount of hydrogen peroxide used in bleaching and oxidizing procedures. The production process and supply chain were disrupted since the entire continent was under lockdown. As a result, the market for hydrogen peroxide in Europe grew more slowly.
Germany followed by France holds the highest share in the Europe Hydrogen Peroxide Market. Due to their high consumption and production of Hydrogen Peroxide. Akzo Nobel N.V., Arkema, BASF SE, Chang Chun Group, Evonik Industries AG, FMC Corporation, Kemira, Nouryon, Nuberg, Solvay, Others.
Europe Hydrogen Peroxide Market Segmentation
By Product Function: Based on the Product Function, Europe Hydrogen Peroxide Market is segmented as; Antiseptic, Bleaching, Dishwasher, Disinfectant, Oxidant, Vegetable Wash, and Other Product Functions.
By End User Industry: Based on the End User Industry, Europe Hydrogen Peroxide Market is segmented as; Chemical Synthesis, Cosmetics and Healthcare, Electronics, Food and Beverage, Mining, Packaging, Pulp and Paper, Textiles, Wastewater Treatment, Other End-user Industries.
By Region: This research also includes data for France, Germany, Italy, United Kingdom and rest of Europe.
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