The scope of the “Global Hydrogen Peroxide for Disinfection/Sterilization Market to 2027 – Analysis and Forecast by segments and Geography” report involves understanding the factors contributing to the growth of the hydrogen peroxide for disinfection/sterilization market, estimating and forecasting the revenue and market share analysis, and spotting significant market players along with their key developments in the market.
WIDE SCALE USAGE OF HYDROGEN PEROXIDE IN HEALTHCARE TO BOOST ITS DEMAND IN THE GLOBAL MARKET
Hydrogen peroxide is a type of chemical compound that is formed with a combination of oxygen and water. It is a very pale blue liquid and is slightly more viscous than water in its pure form. Hydrogen peroxide is generally an unstable chemical compound that decomposes slowly in the presence of light. Being unstable, it is typically stored with a stabilizer in a weakly acidic solution. In aqueous solution hydrogen peroxide, it differs from other pure substances owing to the effects of hydrogen bonding between water and molecules of hydrogen peroxide. Hydrogen peroxide is often used for cleaning skin wounds and prevent infection from minor cuts & scrapes. It works as a disinfectant by destroying the essential components of germ cells. It can deactivate a wide range of microorganisms like virus, fungi, spores, and bacteria.
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Based on end-user industry, the hydrogen peroxide for disinfection/sterilization market is segmented into healthcare, horticulture, food and beverages, and others. In 2018, the healthcare segment dominated the market. In the pharmaceuticals and healthcare industries, hydrogen peroxide is used for dental or wound disinfection, contact lens cleaning, and surgical instruments disinfection. Solutions containing a higher concentration of hydrogen peroxide are used as sterilant for specially designed heat-sensitive machines and medical devices. The three most common pathogens found in hospitals are community-acquired Methicillin-resistant Staphylococcus aureus (MRSA) strains, Vancomycin-resistant Enterococcus (VRE), and multidrug-resistant Acinetobacter baumannii.
Hydrogen peroxide has been shown to more effective against these pathogens. In hospitals, the contaminated surfaces lead the transmission of healthcare-associated pathogens, causing nosocomial infections. Hydrogen peroxide-based cleaners are used to decontaminate soft surfaces when applied as spray without mechanical wiping. It has better surface compatibility, generates low residues, and kills germs at a much faster rate. Persynt 3 LC is an aqueous solution of highly purified hydrogen peroxide that is used for hand disinfection. Hydrogen peroxide component in it also inactivates the bacterial spores. Besides this, hydrogen peroxide vapor is spread around patients’ rooms in hospitals, which helps in preventing the cross-infection among patients in hospitals. It is also used in bathroom cleaning at homes.
The major players operating in the global hydrogen peroxide market include 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 others. These key players in the market are focused on new and improved product offerings so that it could meet out the demand for specific end-use industries in the market, which is further expected to boost this market. For Instance, Evonik Industries AG has successfully closed the acquisition of the US Company PeroxyChem for US$640 Mn after the responsible court in Washington D.C. dismissed the lawsuit filed by the Federal Trade Commission (FTC) to block the acquisition. PeroxyChem is a manufacturer of hydrogen peroxide (H2O2) and peracetic acid (PAA) and is well-positioned in high-margin specialty applications.
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