Demand for hydrogen peroxide for disinfection and sterilization is increasing, expected to reach $1.16 billion by 2031.
From GlobeNewswire: 2025-01-31 06:12:00
The hydrogen peroxide for disinfection and sterilization market is experiencing significant growth due to increased demand for water treatment and food packaging. The market is expected to reach $1,161.45 million by 2031, with a CAGR of 5.7%. Hydrogen peroxide’s versatility and effectiveness against pathogens make it a preferred choice in various applications.
Hydrogen peroxide’s rapid-acting nature and broad-spectrum antimicrobial properties contribute to its widespread adoption in various industries. It is used in healthcare and consumer products, with CDC recommending its use for disinfecting ventilators and contact lenses. The substance is effective in water and wastewater treatment, with significant investments being made globally to enhance infrastructure.
In the healthcare industry, hydrogen peroxide is crucial for disinfection and sterilization to prevent infections among patients and staff members. Stringent regulations require adherence to strict sanitization standards, boosting the market growth. Government regulations are driving the adoption of hydrogen peroxide as an effective sterilization technique in healthcare facilities.
Asia Pacific led the market in 2023, with North America and Europe following closely. Asia Pacific is expected to witness the highest CAGR in the coming years. The market is segmented into various applications, with healthcare holding the largest share in 2023.
Key players in the market include Evonik Industries AG, Solvay SA, and Arkema SA, among others. Recent developments include partnerships and expansions to enhance hydrogen peroxide production capacities. The market is driven by increasing demand for hygienic environments in healthcare settings and the rising awareness of healthcare-associated infections.
The Insight Partners report provides valuable insights for stakeholders in the hydrogen peroxide market, helping them navigate the evolving landscape and unlock new opportunities. For further information and research on the hydrogen peroxide market, visit The Insight Partners website or contact their team for customized research solutions.
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