At 3.6% CAGR, South & Central America Hydrogen Peroxide for Disinfection and Sterilization Market is Projected to be Worth US$ 80.89 Million by 2031, Says Business Market Insights

According to Business Market Insights' research, the South & Central America hydrogen peroxide for disinfection and sterilization market was valued at US$ 60.82 million in 2023 and is expected to reach US$ 80.89 million by 2031, registering a CAGR of 3.6% from 2023 to 2031.

Sterilization applications in healthcare industry and rising requirements in food packaging applications are among the critical factors attributed to the South & Central America hydrogen peroxide for disinfection and sterilization market expansion.

The operational & examination surfaces in healthcare facilities can be contaminated with microbes, which implies that failure to maintain a clean environment can lead to a risk of infection among patients and staff. Contaminated endoscopes that have been used widely are linked to a significant cause of infection in tertiary healthcare systems. Hydrogen peroxide is utilized as a disinfectant and sterilant by direct application in the form of aqueous solution at 3 to 9% concentration range. Stringent regulations and requirements in the healthcare sector mandate the adherence to strict quality standards for sanitization processes used in the surface cleaning and sterilization of medical devices.

In March 2024, the Environmental Protection Agency finalized restrictions on a carcinogenic gas called ethylene oxide, which was used to sterilize most medical devices. Strict limits on the utilization of cancer-inducing chemicals in sterilizing medical and healthcare facilities boost the hydrogen peroxide market. Reports from the Centers for Disease Control and Prevention demonstrate the effectiveness of hydrogen peroxide as a disinfection and sterilization chemical. The CDC report on chemical disinfectants includes procedures for using hydrogen peroxide in the 0.05% concentration for a standard disinfecting cleaner and 7.5% concentration for 30 minutes at 20ºC as a high-level disinfectant. Thus, the rise in government regulations for establishing hydrogen peroxide as an effective sterilization technique in the healthcare industry is expected to create lucrative opportunities in the market over the forecast period.

On the contrary, fluctuation in hydrogen peroxide prices hampers the growth of South & Central America hydrogen peroxide for disinfection and sterilization market.

Based on application, the South & Central America Hydrogen peroxide for disinfection and sterilization market is segmented into healthcare, food and beverage, water treatment, industrial cleaning, personal care, horticulture, livestock, and others. The healthcare segment held 32.6% share of the South & Central America hydrogen peroxide for disinfection and sterilization market in 2023, amassing US$ 19.82 million. It is projected to garner US$ 28.42 million by 2031 to expand at 4.6% CAGR during 2023–2031.

Based on country, the South & Central America hydrogen peroxide for disinfection and sterilization market is segmented into Brazil, Argentina, and the Rest of South & Central America. Brazil held 70.1% share of South & Central America hydrogen peroxide for disinfection and sterilization market in 2023, amassing US$ 42.61 million. It is projected to garner US$ 58.04 million by 2031 to expand at 3.9% CAGR during 2023–2031.

Key players operating in the hydrogen peroxide for disinfection and sterilization market are 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.

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