PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1418660
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1418660
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' state that the Europe Hydrogen Peroxide Market is predicted to reach USD 1122.06 million by 2033 with a CAGR of 4.5%.
The translucent, pale blue liquid hydrogen peroxide readily disintegrates into oxygen and water. Although it is unstable by nature, it is essential to oxidative biosynthesis reactions and host defence. Hydrogen peroxide has become more and more in demand in Europe throughout time for a variety of uses, including the water treatment and oil and gas sectors.
Furthermore, due to supply chain problems brought on by social distancing orders, state-wide lockdowns, and other measures, COVID-19 had a detrimental effect on the market. But the necessity for sanitization and the chemical's expanding use in medical and pharmaceutical facilities were the main reasons why demand persisted. The market is currently expanding significantly after recovering from the pandemic.
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.