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The hydrogen peroxide for disinfection and sterilization market size is projected to reach US$ 1,161.45 million by 2031 from US$ 744.43 million in 2023. The market is expected to register a CAGR of 5.7% during 2023–2031. The adoption of vaporized hydrogen peroxide is likely to bring new trends in the market during the forecast period.
Hydrogen Peroxide for Disinfection and Sterilization Market Analysis
Hydrogen peroxide is used in several industries, such as water treatment, food & beverages, healthcare, livestock, and horticulture. The market is widespread, with the manufacturers and service providers expanding their operations across different regions to tap into emerging markets and diversify their revenue streams. Hydrogen peroxide is used in drinking water treatment and industrial effluents. An increase in environmental regulations and a transition toward sustainable environmental practices are driving the demand for hydrogen peroxide. It is used for wound care, disinfection, and sterilization in the healthcare industry. The growing demand for water treatment and the rising utilization of hydrogen peroxide in the healthcare industry is expected to favor hydrogen peroxide for disinfection and sterilization market growth.
Hydrogen Peroxide for Disinfection and Sterilization Market Overview
According to the Centers for Disease Control and Prevention, commercially available 3% hydrogen peroxide is a stable and effective disinfectant when used on inanimate surfaces. It is used at concentrations of 3–6% for spot disinfecting ventilators, endoscopes, and fabrics in patients' rooms. The substance is also used as a topical disinfectant and antimycotic to sterilize contact lenses. The COVID-19 pandemic significantly influenced the demand for hydrogen peroxide due to its effectiveness as a disinfectant. In healthcare, it is indispensable for infection control in medical facilities and sterilization of surgical tools and medical devices. Industrial applications of hydrogen peroxide include cleaning and water treatment. The stringent government regulations for sterilization in pharmaceutical manufacturing fuel the demand for hydrogen peroxide. Thus, growing demand from various end-use industries is driving the hydrogen peroxide for disinfection and sterilization market.
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Hydrogen Peroxide for Disinfection and Sterilization Market: Strategic Insights
Market Size Value in US$ 981.60 Million in 2018 Market Size Value by US$ 1,557.39 Million by 2027 Growth rate CAGR of 5.2% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Hydrogen Peroxide for Disinfection and Sterilization Market: Strategic Insights
| Market Size Value in | US$ 981.60 Million in 2018 |
| Market Size Value by | US$ 1,557.39 Million by 2027 |
| Growth rate | CAGR of 5.2% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Hydrogen Peroxide for Disinfection and Sterilization Market Drivers and Opportunities
Rising Requirement in Food Packaging Applications
According to the FoodDrinkEurope report published in 2022, the European Union is the world's largest exporter of food and beverages, with exports outside the EU accounting for US$ 167.49 billion and a trade surplus of US$ 73 billion in 2022. Hydrogen peroxide is used as a disinfectant for cardboard, polyethylene, and polyethylene terephthalate packaging in direct contact with food and beverages. It is an environment-friendly disinfection product suited for application in the food industry. Thus, the rising demand for hydrogen peroxide in food packaging applications fuels the market growth.
Sterilization Application in Healthcare Industry
The operational and examination surfaces in healthcare facilities can be contaminated with microbes, which implies that failure to maintain a clean environment can lead to a risk of infection among patients and staff. Contaminated endoscopes that have been used widely are linked to a significant cause of infection in tertiary healthcare systems. Hydrogen peroxide is utilized as a disinfectant and sterilant by direct application in the form of aqueous solution at 3 to 9% concentration range. In March 2024, the Environmental Protection Agency finalized restrictions on a carcinogenic gas called ethylene oxide, which was used to sterilize most medical devices. Strict limits on the utilization of cancer-inducing chemicals in sterilizing medical and healthcare facilities boost the hydrogen peroxide market.
Hydrogen Peroxide for Disinfection and Sterilization Market Report Segmentation Analysis
The key segment that contributed to the derivation of the hydrogen peroxide for disinfection and sterilization market analysis is the application segment.
- Based on application, the hydrogen peroxide for disinfection and sterilization market is segmented into healthcare, food and beverage, water treatment, industrial cleaning, personal care, horticulture, livestock, and others. The healthcare segment dominated the market in 2023.
Hydrogen Peroxide for Disinfection and Sterilization Market Share Analysis by Geography
The geographic scope of the hydrogen peroxide for disinfection and sterilization market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
Asia Pacific dominated the hydrogen peroxide for disinfection and sterilization market. Countries such as China, India, and Japan are leading the market in Asia Pacific due to their large population, expanding healthcare infrastructure, and rising awareness regarding the importance of hygiene and infection control. In addition, government initiatives promoting cleanliness and disinfection practices have fueled the adoption of hydrogen peroxide. The food & beverages industry in the region also contributes significantly to the demand, as hydrogen peroxide is used to ensure microbial safety in packaging and processing. Thus, the Asia Pacific hydrogen peroxide for disinfection and sterilization market is poised for continued expansion, driven by ongoing public health initiatives, industrial growth, and technological innovations in producing and applying hydrogen peroxide.
Hydrogen Peroxide for Disinfection and Sterilization Market Report Scope
Hydrogen Peroxide for Disinfection and Sterilization Market News and Recent Developments
The hydrogen peroxide for disinfection and sterilization market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the hydrogen peroxide for disinfection and sterilization market are listed below:
- Mitsubishi Gas Chemical Co Inc announced its plans to expand the Texas Plant of MGC Pure Chemicals America, Inc, a consolidated subsidiary that manufactures and markets super-pure hydrogen peroxide and super-pure ammonium hydroxide for use during the manufacturing process of semiconductors. (Source: Mitsubishi Gas Chemical Co Inc, Press Release, April 2024)
- Arkema SA announced a two-and-a-half-fold increase in its organic peroxide production capacities at its Changshu site in China. (Source: Arkema SA, Press Release, September 2023)
Hydrogen Peroxide for Disinfection and Sterilization Market Report Coverage and Deliverables
The "Hydrogen Peroxide for Disinfection and Sterilization Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:
- Hydrogen peroxide for disinfection and sterilization market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Hydrogen peroxide for disinfection and sterilization market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed Porter's Five Forces analysis and SWOT analysis
- Hydrogen peroxide for disinfection and sterilization market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the hydrogen peroxide for disinfection and sterilization market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
End Use Industry
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The market is expected to register a CAGR of 5.7% during 2023–2031.
The market value is estimated to be US$ 1,161.45 million by 2031.
Evonik Industries AG, Solvay SA, Arkema SA, Mitsubishi Gas Chemical Co Inc, and Kemira Oyj are among the leading players operating in the hydrogen peroxide for disinfection and sterilization market.
The adoption of vaporized hydrogen peroxide is likely to set trends in the coming years.
Growing demand for water and wastewater treatment and rising requirements for food packaging applications are among the factors accelerating the hydrogen peroxide for disinfection and sterilization market growth.
Asia Pacific dominated the hydrogen peroxide for disinfection and sterilization market in 2023.
The List of Companies - Hydrogen Peroxide for Disinfection and Sterilization Market
- Evonik Industries AG
- Solvay SA
- Arkema SA
- Mitsubishi Gas Chemical Co Inc
- Kemira Oyj
- Nouryon Chemicals Holding BV
- Stepan Co
- Aditya Birla Chemicals India Ltd
- Merck KGaA
- Ecolab Inc
- Taekwang Industrial Co Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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