Hydrogen Peroxide for Disinfection/Sterilization Market to Grow at a CAGR of 5.2% to reach US$ 1,557.39 Million from 2020 to 2027

Hydrogen Peroxide for Disinfection/Sterilization Market Forecast to 2027 - COVID-19 Impact and Global Analysis by End Use Industry (Horticulture, Food and Beverages, Healthcare, Others)

Publication Month : Jul 2020

  • Report Code : TIPRE00012085
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 133
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The hydrogen peroxide for disinfection/sterilization market was valued at US$ 981.60 million in 2018 and is projected to reach US$ 1,557.39 million by 2027; it is expected to grow at a CAGR of 5.2% from 2019 to 2027.

Hydrogen peroxide is a chemical compound that contains the peroxide ion. It includes one extra oxygen atom compared to a more stable water molecule. Hydrogen peroxide is used in the form of a disinfectant to treat inflammation of gums. In the form of a mild antiseptic, hydrogen peroxide is used on the skin to prevent minor cuts, scrapes, and burns. It is used as a mouth rinse to remove mucous or for the removal of mucous or to relieve minor mouth irritation. Hydrogen peroxide releases oxygen to the affected area and cures it. The release of oxygen causes foaming that removes dead skin and cleans the area.

In 2018, Asia Pacific contributed to the largest share in the global hydrogen peroxide for disinfection/sterilization market. The growth of the hydrogen peroxide for disinfection/sterilization market in this region is primarily attributed to the upsurge in the healthcare industry, together with the rise in urbanization. Countries like China, India, Japan, Vietnam, Korea, Thailand, and Malaysia are experiencing an upsurge in demand from the healthcare and horticulture industry, which is further propelling the demand for hydrogen peroxide. Besides this, the application of hydrogen peroxide as a disinfectant in the bio fertilizer, agriculture, and healthcare industry is also providing a lucrative push to the hydrogen peroxide for disinfection/sterilization market in the Asia Pacific region. The increase in the disposable income, rising purchasing capabilities and the concern towards healthy living amongst consumers is also responsible for fueling the demand for hydrogen peroxide in the Asia Pacific region.

The recent COVID-19 outbreak, which began in Wuhan (China) in December 2019, has spread around the globe at a fast pace. The outbreak has affected economies and industries due to lockdowns, travel bans, and business shutdowns called in many countries. Chemicals and materials is one the world’s major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. China is the global manufacturing hub and is the largest raw material supplier for various industries. The suspension of various plants and factories in China is affecting the global supply chains and adversely impacting the manufacturing and sales of various chemical and materials. The overall market collapse due to the COVID-19 pandemic is also affecting the global hydrogen peroxide market growth

Global Hydrogen Peroxide for Disinfection Market

Global Hydrogen Peroxide for Disinfection Market
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Market Insights

An upsurge in personal hygiene and various applications of hydrogen peroxide

With the rise in disposable income, growing middle-class spending, and preference for high-quality products have made consumers more inclined towards personal hygiene. The intense innovational activities undertaken by personal care companies are also fuelling the demand for personal hygiene amongst consumers. As the need for personal hygiene is facing an upsurge, the hydrogen peroxide for disinfection/sterilization market will also experience a rise in demand. Hydrogen peroxide as a disinfectant is very useful in removing bacteria, yeast, fungi, viruses, and spores and therefore is a good choice for bathroom cleaning. Using hydrogen peroxide in toothpaste & rinse improves tooth quality & whitens them. Besides being used for personal hygiene, hydrogen peroxide is also used in many other applications. It helps in removing mold & mildew in the dishwasher. It can also be sprayed in pleats of rubber seals, traps, and the crevices of the utensil basket to kills germs. As per the Ohio State University Extension, cleaning of counters with undiluted hydrogen peroxide proves beneficial at killing E. coli & salmonella bacteria present on the hard surfaces. Hydrogen peroxide helps in removing germs from trash cans owing to its disinfectant properties. It is also useful in cleaning fiberglass shower & tub to remove the bacteria & viruses present on it. Bloodstains & drink stains of fruit, juices & wine can also be removed with the help of hydrogen peroxide. Consumers are now taking an interest in personal hygiene are thus demanding hydrogen peroxide in developed and developing nations. Also, the increase in awareness amongst the consumers about the wide scale application of hydrogen peroxide in different applications in the form of a disinfectant is expected to boost the demand for hydrogen peroxide in the market.

End Use Industry Insights

The hydrogen peroxide for disinfection market based on end use industry has been segmented into horticulture, food and beverages, healthcare and others. The others segment is expected to grow at fastest growth rate during the forecast period of 2019-2027. Other segment includes cosmetics & personal care products, wastewater treatment, household goods, dental, textiles, and agriculture, among others. In cosmetics & personal care products, hydrogen peroxide can be found in a wide variety of hair care products like hair dyes, conditioners, shampoos, and rinses. It is also sold as an antiseptic at concentrations of 2.5-3%. Hydrogen peroxide is used in cosmetics and personal care products in the form of an antimicrobial agent and as an oxidizing agent. Its main function here is to kill or inhibit the reproduction or growth of microorganisms. Hydrogen peroxide is one of the versatile, dependable, and environmentally compatible oxidizing agents. The strong oxidizing power of hydrogen peroxide destroys pollutants in wastewater by controlling the pH, temperature, and reaction time. Catalyzing hydrogen peroxide with iron can destroy pollutants that are not easy to oxidize. Hydrogen peroxide also reduces BOD/COD and TOC by direct oxidation involving two mechanisms, namely, direct oxidation and oxygen source. Besides, many toxic organic compounds can be converted into less toxic compounds when treated with hydrogen peroxide. Hydrogen peroxide is also used as a general-purpose food additive for animal feed..

Global Hydrogen Peroxide for Disinfection Market, by End Use Industry– 2018 & 2027

Global Hydrogen Peroxide for Disinfection Market, by End Use Industry– 2018 & 2027
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Hydrogen Peroxide for Disinfection/Sterilization Market: Strategic Insights

hydrogen-peroxide-for-disinfection-or-sterilization-market
Market Size Value inUS$ 981.60 Million in 2018
Market Size Value byUS$ 1,557.39 Million by 2027
Growth rateCAGR of 5.2% from 2019-2027
Forecast Period2019-2027
Base Year2019
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Evonik Industries AG, BASF SE, Solvay S.A, Arkema Group, and Mitsubishi Gas Chemical Company, Inc. are amongst others are the key players present in the global Hydrogen Peroxide for Disinfection market. These companies are implementing new product development and mergers and acquisition strategies to enlarge the customer base and gain significant market share across the world, which, in turn permit the players to maintain their brand name globally.

Report Spotlights

  • Progressive industry trends in the global hydrogen peroxide for disinfection market help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the global hydrogen peroxide for disinfection market from 2017 to 2027
  • Estimation of global hydrogen peroxide for disinfection market demand across various industries
  • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
  • Recent developments to understand the competitive market scenario and global hydrogen peroxide for disinfection market demand
  • Market trends and outlook coupled with factors driving and restraining the growth of the global hydrogen peroxide for disinfection market
  • Decision-making process by understanding strategies that underpin commercial interest with regard to global hydrogen peroxide for disinfection market growth
  • Global hydrogen peroxide for disinfection market size at various nodes of market
  • Detailed overview and segmentation of the global hydrogen peroxide for disinfection market, as well as its dynamics in the industry
  • Global hydrogen peroxide for disinfection market size in various regions with promising growth opportunities

Global Hydrogen Peroxide for Disinfection Market, byEnd Use Industry

  • Healthcare
  • Horticulture
  • Food and Beverages
  • Others


Company Profiles

  • Arkema Group
  • KemiraOyj
  • Mitsubishi Gas Chemical Company, Inc.
  • Maroon Group
  • Merck KGaA
  • Evonik Industries AG
  • Ecolab
  • BASF SE
  • Solvay S.A.
  • Akzo Nobel N.V.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

End Use Industry

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
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


Can you list some of the major players operating in the global hydrogen peroxide for disinfection/sterilization market?

The major players operating in the global market are Akzonobel N.V., Arkema S.A., BASF SE, Ecolab Inc. (Nalco Company), Evonik Industries Ag, Kemira Oyj., Maroon Group Care, Merck Group, Mitsubishi Gas Chemical Company and Solvay S.A. Co., Ltd among many others.

In 2018, which region held the largest share of the global hydrogen peroxide for disinfection/sterilization market?

In 2018, the hydrogen peroxide for disinfection/sterilization market was predominant in Asia-Pacific at the global level. The APAC portrays an ample amount of opportunities for the growth of hydrogen peroxide. The region has surfaced as one of the prominent markets for the utilization of hydrogen peroxide. Asia has ranked highest amongst hydrogen peroxide producing regions. China is dominating the regional market, followed by other countries such as Japan, India, Vietnam, Korea, Thailand, Malaysia, and Indonesia. These countries are witnessing rising demand from the healthcare and horticulture industries. Apart from this, hydrogen peroxide is extensively utilized as a disinfectant and sanitizer in the pesticides and healthcare industry. The demand for horticulture has further fueled the market for hydrogen peroxide. Southeast Asia has been considered to be one of the most lucrative regions for the horticulture industry.

Based on end use industry, why is the healthcare segment expected to grow at the highest rate during 2019–2027?

The growth of the healthcare segment is primarily attributed to the wide scale application of hydrogen peroxide in pharmaceuticals & healthcare industries. Such applications include dental or wound disinfection, treatment of contact lenses, and decontamination of surgical instruments. Solutions containing a higher concentration of hydrogen peroxide are used as sterilant in some specially designed machines for heat sensitive and medical devices. Hydrogen peroxide is proved to have a more significant long reduction of such pathogens. It kills them very effectively. Contaminated environmental surfaces are present in hospitals and serve as a source for the transmission of healthcare-associated pathogens. An improved hydrogen peroxide disinfectant is used for the decontamination of soft surfaces when it is applied in the form of a spray with no mechanical wiping. Hydrogen peroxide vapor is spread around patients’ rooms in hospitals with the help of some devices. It helps in preventing the spread of dangerous bacteria inside the hospitals and from one patient to the other. It is also used in bathroom cleaning at home owing to its bacteria, virus and fungi killing capacities.

The List of Companies - Hydrogen Peroxide for Disinfection/Sterilization Market

  1. Akzo Nobel N.V.
  2. Arkema Group
  3. BASF SE
  4. Ecolab
  5. Evonik Industries AG
  6. Kemira Oyj
  7. Maroon Group
  8. Merck KGaA
  9. Mitsubishi Gas Chemical Company, Inc.
  10. Solvay S.A.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

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  • 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:

Research Methodology

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.

  1. 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.

  1. 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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