Hydrogen peroxide market in Denmark

Earlier Report Observations

The hydrogen peroxide market in Denmark saw significant growth from 2019, with market size rising from 1 432 K $ US to 3 387 K $ US by 2023. This expansion coincided with the emergence of innovative on-site generation technology through the Danish start-up HPNow, which secured repeated investment from the chemical major Evonik, and was framed by evolving EU biocidal product regulations that harmonized market access.

Key events reinforced this trend. In 2022, HPNow's HPGen solution received an international efficiency award, promoting demand for sustainable applications, while Evonik's follow-on investment accelerated commercialization. The same year, the Danish Environmental Protection Agency issued warnings about unsafe hydrogen peroxide levels in online tooth whitening products, enforcing strict labeling rules that likely affected product availability and consumer choice.

The market relied heavily on imports from Germany and other European nations to meet domestic consumption. Exports declined after a peak in 2019, but Denmark's role in hydrogen peroxide innovation was underscored in 2024 when the HPGen technology gained international recognition for its environmental benefits, even as the total market value adjusted slightly to 3 239 K $ US amid shifting import and export patterns.

Production hydrogen peroxide in Denmark

In value, 2018-2021, K $ US

In 2021, Denmark's hydrogen peroxide output was valued at 461.5 K $ US, marking a 4.2% decrease from 2020. Production reached its lowest point in 2019 at 374.8 K $ US, while the peak occurred in 2020 at 481.6 K $ US, with the largest annual increase of 28.5% also recorded that year. Over the period from 2018 to 2021, production grew by 20.5%, translating to an annualized rate of 6.4%.

Annual dynamics of production in Denmark in value, 2018-2021, K $ US

In kind, 2018-2021, K kg H2O2

In 2021, Denmark produced 466.1 K kg H2O2 of hydrogen peroxide, an 8.2% increase from the previous year. Production hit its minimum in 2019 at 430.8 K kg H2O2, with the largest decline of 1.3% occurring that year. The maximum was recorded in 2020 at 466.1 K kg H2O2, which also saw the largest annual increase of 8.2%. From 2018 to 2021, overall production rose by 6.7%, averaging a 2.2% annual growth rate.

Annual dynamics of production in Denmark in kind, 2018-2021, K kg H2O2

Exports hydrogen peroxide from Denmark

Exports in kind, t

The data shows irregular changes, reflecting a volatile market environment. Export volumes dropped to their lowest in 2018 and climbed to a peak in 2021, representing a 45-fold shift. In 2021, Denmark exported 21 249 t of hydrogen peroxide, a surge of 3 982.9% compared to 2020. The largest decline was recorded in 2020 at 93.6%.

Annual dynamics of product's exports from Denmark in kind, 2018-2021, t

From 2018 to 2021, the three largest markets for Denmark's hydrogen peroxide exports in kind were Finland, Belgium, and Sweden, which together accounted for 87.9% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Denmark in kind, 2018-2021

Exports in value, K $ US

Hydrogen peroxide exports from Denmark declined for the second consecutive year. In 2021, exports amounted to 336 K $ US, a 30.4% drop from the prior year. The maximum value was recorded in 2019 at 610 K $ US, which also saw the largest annual increase of 60.9%. Over the 2018-2021 period, exports decreased by 11.4%, with a compound annual growth rate of -4.0%.

Annual dynamics of product's exports from Denmark in value, 2018-2021, K $ US

Between 2018 and 2021, Sweden, Finland, and Norway formed the main cluster of markets for Denmark's hydrogen peroxide exports in value terms, with shares of 44.3%, 24.8%, and 12.9%, respectively. Together, they represented 82.0% of total export flows.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Denmark in value, 2018-2021

Imports hydrogen peroxide to Denmark

Imports in kind, t

Denmark's hydrogen peroxide import volumes declined for the third consecutive year. In 2021, imports reached 2 850 t, a slight decrease of 1.3% compared to 2020. Over the 2018-2021 period, imports fell by 24.4%, with a compound annual growth rate of -8.9%.

Annual dynamics of product's imports to Denmark in kind, 2018-2021, t

Throughout 2018-2021, Sweden, Finland, and Germany were the core group of markets for Denmark's hydrogen peroxide imports in kind, accounting for 41.8%, 27.3%, and 17.7% of imports, respectively. Together, they made up 86.7% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Denmark in kind, 2018-2021

Imports in value, K $ US

Hydrogen peroxide import volumes in Denmark increased for the second consecutive year. In 2021, imports reached 2 168 K $ US, up by 12.4% year-over-year. The minimum value was recorded in 2019 at 1 667 K $ US, which also saw the largest decline of 10.4%. The largest increase occurred in 2020 at 15.7%. Between 2018 and 2021, imports grew by 16.5%, equating to an annualized rate of 5.2%.

Annual dynamics of product's imports to Denmark in value, 2018-2021, K $ US

From 2018 to 2021, the three principal markets for Denmark's hydrogen peroxide imports in value terms were Sweden, Finland, and Germany, together accounting for 72.6% of total import flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Denmark in value, 2018-2021