At 6.0% CAGR, Europe Hydrogen Peroxide for Disinfection and Sterilization Market is Projected to be Worth US$ 263.50 Million by 2031, Says Business Market Insights

According to Business Market Insights' research, the Europe hydrogen peroxide for disinfection and sterilization market was valued at US$ 164.98 million in 2023 and is expected to reach US$ 263.50 million by 2031, registering a CAGR of 6.0% from 2023 to 2031. Growing demand for water and wastewater treatment and rising requirement in food packaging applications are among the critical factors attributed to the Europe hydrogen peroxide for disinfection and sterilization market expansion.

Hydrogen peroxide is injected into flowing water during the water treatment process to control biological growth and disinfect drinking water. It is used to prevent microbial growth in water systems and cooling towers.

The revised European Commission's Urban Wastewater Treatment Directive, effective from 1 January 2025, aims to enhance human health and environmental protection through effective wastewater management in EU countries. The revised Urban Wastewater Treatment Directive aims to protect Europe's water quality and promote innovation in the water sector. In urban areas with populations exceeding 1,000 inhabitants, it is essential to collect and treat wastewater effectively. This treatment process should include tertiary treatment to eliminate nutrients and, in addition, quaternary treatment to address micropollutants, with funding sourced from the polluters responsible for these contaminants. Aiming for sustainability, treatment plants must achieve energy neutrality and work towards reducing emissions by the year 2045. Furthermore, monitoring wastewater is crucial for tracking health-related parameters, including the presence of SARS-CoV-2 and antimicrobial resistance, ensuring public health remains a priority.

Stringent government regulations regarding water and wastewater management have prompted the use of hydrogen peroxide for wastewater treatment. Thus, the surge in demand for water and wastewater treatment fuels the market growth.

On the contrary, fluctuation in hydrogen peroxide prices hampers the growth of Europe hydrogen peroxide for disinfection and sterilization market.

Based on application, the Europe 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 35.4% share of the Europe hydrogen peroxide for disinfection and sterilization market in 2023, amassing US$ 58.34 million. It is projected to garner US$ 99.86 million by 2031 to expand at 6.9% CAGR during 2023-2031.

Based on country, the Europe hydrogen peroxide for disinfection and sterilization market is segmented into Germany, France, Italy, the UK, Russia, Belgium, Netherlands, Spain, Poland, Sweden, Denmark, and the Rest of Europe. Germany held 19.4% share of Europe hydrogen peroxide for disinfection and sterilization market in 2023, amassing US$ 31.96 million. It is projected to garner US$ 58.36 million by 2031 to expand at 7.8% 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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