Hydrogen Peroxide for Disinfection/Sterilization Market Forecasts to 2028 – Global Analysis By End User (Food and Beverages, Healthcare, Horticulture) and By Geography
According to Stratistics MRC, the Global Hydrogen Peroxide for Disinfection/Sterilization Market is accounted for $1,045.40 million in 2020 and is expected to reach $1,730.14 million by 2028 growing at a CAGR of 6.5% during the forecast period. Rise in disposable income, increased purchasing capabilities of users, and growing concerns about personal care are the major factors propelling the market growth. However, adverse effect of hydrogen peroxide is hampering the market growth.
Hydrogen peroxide is the compound formed as a result of the chemical reaction of oxygen and water. In its pure form, it is pale blue liquid that is slightly more viscous than water. Hydrogen peroxide is generally unstable, and it decomposes slowly in the presence of light. Being unstable, it is typically stored with a stabilizer in a weakly acidic solution. Aqueous hydrogen peroxide solution differs from other pure substances owing to the effects of hydrogen bonding between water and hydrogen peroxide molecules.
Based on end user, the healthcare segment is estimated to have a lucrative growth due to its increased usage for dental or wound disinfection, contact lens cleaning, and surgical instruments disinfection. Solutions containing a higher concentration of hydrogen peroxide are used as sterilants for specially designed heat-sensitive machines and medical devices.
By geography, Europe is going to have a lucrative growth during the forecast period due to its applications in food & beverages, horticulture, healthcare, and other end-user industries. Apart from this, continuous research and development has led to the widespread adoption of hydrogen peroxide. The regional market has been experiencing high growth in the production of hydrogen peroxide with the expansion of the manufacturing units of a few major players such as Solvay S.A. in the region.
Some of the key players profiled in the Hydrogen Peroxide for Disinfection/Sterilization Market include Akzo Nobel N.V, Arkema Group, BASF SE, Ecolab, Evonik Industries AG, KemiraOyj, Maroon Group, Merck KGaA, Mitsubishi Gas Chemical Company, Inc., and Solvay S.A.
End Users Covered:
• Food and Beverages
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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- Market share assessments for the regional and country-level segments
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