PUBLISHER: The Insight Partners | PRODUCT CODE: 1871503
PUBLISHER: The Insight Partners | PRODUCT CODE: 1871503
The hydrogen peroxide market for disinfection and sterilization in South and Central America is projected to grow from USD 60.82 million in 2023 to USD 80.89 million by 2031, reflecting a compound annual growth rate (CAGR) of 3.6% during this period.
Executive Summary and Market Analysis
The region has seen substantial growth in sectors such as water treatment, food and beverages, healthcare, and personal care. The healthcare sector, in particular, is focusing on enhancing hospital infrastructure and minimizing healthcare-associated infections (HAIs). Countries like Brazil, Argentina, Chile, and Colombia are investing heavily in their healthcare systems, which has led to an increased adoption of hydrogen peroxide for sterilizing medical equipment and hospital environments. Its broad-spectrum efficacy against various pathogens, including bacteria, viruses, and fungi, makes it a preferred disinfectant in these settings.
Additionally, the water treatment industry is driving demand for hydrogen peroxide, especially in areas facing challenges with water quality and access to clean water. The World Bank reports that 40-60% of drinking water in South and Central America is sourced from aquifers that are increasingly polluted due to mining and agricultural activities. In Brazil, for instance, approximately 35 million people (17% of the population) lacked access to treated water in 2021, and 97 million (47% of the population) did not have sewage collection services. These issues are particularly acute in rural and underserved urban areas, where residents often depend on untreated or inadequately treated water sources. This scenario has intensified the need for effective water treatment solutions, positioning hydrogen peroxide as a vital option due to its strong disinfectant properties.
Market Segmentation Analysis
The hydrogen peroxide market for disinfection and sterilization in South and Central America is segmented by application, which includes healthcare, food and beverage, water treatment, industrial cleaning, personal care, horticulture, livestock, and others. The healthcare sector is expected to hold the largest market share in 2024.
Market Outlook
Hydrogen peroxide is utilized as a disinfectant for various packaging materials, including cardboard and plastics, that come into direct contact with food and beverages. It is an eco-friendly disinfectant suitable for the food industry. For example, using hydrogen peroxide to disinfect beverage cartons can extend the shelf life of unrefrigerated products without the need for additional preservatives. In the food sector, hydrogen peroxide is also employed in clean-in-place systems and for cleaning food contact surfaces. Brazil, as the world's largest exporter of processed foods in 2023, shipped 72.1 million tons, marking an 11.4% increase from the previous year. This rising demand for hydrogen peroxide in food packaging applications is a significant driver of market growth.
Country Insights
The hydrogen peroxide market in South and Central America includes key countries such as Brazil, Argentina, and others in the region. Brazil is anticipated to dominate the market in 2024. The healthcare sector in Brazil is a major consumer of hydrogen peroxide, with hospitals and clinics increasingly adopting advanced disinfection and sterilization techniques to enhance healthcare services. The growth of the healthcare industry in Brazil is fueled by rising consumer demand and the presence of numerous international and domestic pharmaceutical manufacturers. Hydrogen peroxide is crucial for disinfecting equipment, surfaces, and production environments, ensuring compliance with stringent industry standards and regulations. Furthermore, Brazil's pharmaceutical market is expanding, with the country ranking among the top six global markets for drugs and pharmaceuticals. As Brazil continues to strengthen its position in the pharmaceutical sector, the demand for hydrogen peroxide is expected to rise to support the production of safe and high-quality pharmaceutical products.
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 employing various strategies such as expansion, product innovation, and mergers and acquisitions to enhance their market presence and offer innovative products to consumers.