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.
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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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