PUBLISHER: The Insight Partners | PRODUCT CODE: 1871501
PUBLISHER: The Insight Partners | PRODUCT CODE: 1871501
The Asia Pacific hydrogen peroxide market for disinfection and sterilization is projected to grow significantly, reaching approximately US$ 493.47 million by 2031, up from US$ 300.72 million in 2023, with a compound annual growth rate (CAGR) of 6.4% during this period.
Market Overview
The Asia Pacific region is a key player in the hydrogen peroxide market, particularly for disinfection and sterilization purposes. The increasing population, rapid urbanization, and heightened industrial activities are driving the demand for clean drinking water and effective wastewater management. The Asian Development Bank forecasts that by 2030, around 2.5 billion people, or 55% of the region's population, will reside in urban areas, leading to a projected 55% increase in water demand. Hydrogen peroxide (H2O2) is a powerful oxidizer commonly used in water treatment as a broad-spectrum disinfectant, effective against a wide range of microorganisms, including bacteria, viruses, and fungi. Its capability to eliminate biofilms makes it particularly suitable for maintaining safe water systems.
Countries like China, India, and Japan are at the forefront of this market due to their large populations, expanding healthcare systems, and growing awareness of hygiene and infection control. Government initiatives aimed at promoting cleanliness and disinfection practices have further accelerated the adoption of hydrogen peroxide. Additionally, the food and beverage sector significantly contributes to the demand, as hydrogen peroxide is utilized to ensure microbial safety in food packaging and processing. Overall, the Asia Pacific hydrogen peroxide market for disinfection and sterilization is set for continued growth, driven by public health initiatives, industrial expansion, and advancements in hydrogen peroxide production and application technologies.
Market Segmentation
The market is segmented based on application, which includes healthcare, food and beverage, water treatment, industrial cleaning, personal care, horticulture, livestock, and others. In 2023, the healthcare sector held the largest market share, reflecting the critical role of hydrogen peroxide in medical settings.
Market Outlook
The vaporized hydrogen peroxide sterilization method is increasingly favored for sterilizing heat-sensitive devices and materials, such as plastics and electronic components. This method offers numerous advantages, including non-toxicity, energy efficiency, effectiveness against microorganisms, and reduced sterilization cycle times. The growing preference for vaporized hydrogen peroxide is partly due to the declining use of ethylene oxide sterilization systems in healthcare facilities, as governments push for safer alternatives. Regulatory frameworks are encouraging the development of non-toxic disinfection and sterilization solutions, leading to innovations in vaporized hydrogen peroxide sterilization technologies. For instance, in March 2024, Getinge launched the Poladus 150, a low-temperature sterilizer designed for heat-sensitive surgical instruments, which operates at temperatures up to 55°C. This trend indicates a significant shift towards vaporized hydrogen peroxide in the disinfection and sterilization market in the coming years.
Country Insights
The Asia Pacific hydrogen peroxide market encompasses several countries, including Australia, China, India, Japan, South Korea, and others. China is the largest market in the region as of 2023. The growth of the hydrogen peroxide market in China is fueled by its extensive application across various sectors, including healthcare, food processing, water treatment, and public sanitation. As the country enhances its healthcare infrastructure, the demand for effective sterilization solutions has surged. Hospitals and clinics increasingly rely on hydrogen peroxide for sterilizing medical equipment, surfaces, and air in critical environments like operating rooms and intensive care units. Its broad-spectrum antimicrobial properties are essential for preventing healthcare-associated infections (HAIs) and ensuring patient safety while complying with stringent healthcare regulations. According to the National Bureau of Statistics of China, the industrial sector's total value added reached US$ 5,642.9 billion in 2023, marking a 4.2% increase from the previous year. As China's healthcare sector continues to expand to meet the needs of its vast population, the demand for hydrogen peroxide for disinfection and sterilization is expected to rise, leading to increased consumption of this vital chemical in various pharmaceutical applications.
Company Profiles
Key players in the hydrogen peroxide market include 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, National Peroxide Limited, ROAM TECHNOLOGY NV, HANSOLCHEMICAL, OCI Ltd, and United Initiators GmbH, among others. These companies are pursuing strategies such as expansion, product innovation, and mergers and acquisitions to enhance their market presence and offer innovative solutions to consumers.