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Business Upturn
4 days ago
- Business
- Business Upturn
Driven by Expanding Demand in Biomedical, Packaging, and Oil & Gas Applications
Austin, June 09, 2025 (GLOBE NEWSWIRE) — The global polyglycolic acid market was valued at USD 5.72 billion in 2024 and is projected to reach USD 12.01 billion by 2032, expanding at a compound annual growth rate (CAGR) of 9.72% from 2025 to 2032. The demand for PGA is primarily attributed to its excellent biodegradability, high tensile strength, as well as compatibility with living tissue, preferably used for sutures, bioresorbable implants, and in tissue engineering applications. The trend towards compostable materials, especially in the packaging sector, has accelerated the interest in PGA-based compostable bags and films. PGA has a specific application in frac plugs and diverters in the oil and gas industry, which reduces operational time and clean-up following operation in a significant group of game-changing applications. Download PDF Sample of Polyglycolic Acid Market @ The U.S Polyglycolic Acid market size was USD 1.79 billion in 2024 and is expected to reach USD 3.67 billion by 2032 and grow at a CAGR of 9.39% over the forecast period of 2025-2032. It is driven by robustness in key end-use industries such as healthcare and oil & gas. The country has a well-established medical infrastructure, research, and development expertise, and a highly salient regulatory setting for innovative bioresorbable materials (PGA for surgical sutures, implants, and drug delivery systems). Moreover, the demand for degradable tools such as frac plugs and diverters based on PGA is further fueled by the U.S. shale gas boom that has offered a reliable, green solution to hydraulic fracturing operations. Key Players: Kureha Corporation Evonik Industries AG Corbion N.V. BMG Incorporated Shenzhen Polymtek Biomaterial Co. Ltd. Foryou Medical Meta Biomed Huizhou Foryou Medical Devices Co. Ltd. Teleflex Incorporated Meril Life Sciences Polyglycolic Acid Market Report Scope: Report Attributes Details Market Size in 2024 USD 5.72 Billion Market Size by 2032 USD 12.01 Billion CAGR CAGR of 9.72% From 2025 to 2032 Base Year 2024 Forecast Period 2025-2032 Historical Data 2021-2023 Report Scope & Coverage Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook Key Drivers • Growing Packaging Industry Drives the Market Growth. If You Need Any Customization on Polyglycolic Acid Market Report, Inquire Now @ By Derivatives The fibers segment accounted for the largest revenue share of the global polyglycolic acid (PGA) market with approximately 48% in 2024. PGA accounts for the majority primarily due to its mechanical merits, such as high tensile strength, ideal biodegradability, and high hydrolysis rates, which allow PGA to be converted into fibers. Due to their ability to degrade in vivo without an inflammatory response, PGA fibers are the most widely used absorbable surgical sutures, which are a mainstay product in the biomedical industry. By End-use Industry In 2024, the medical segment held the largest share of the total market value at about 32%. The main reason for this prominent position is that PGA is the most popular biodegradable polymer used in absorbable sutures, tissue scaffolds, drug delivery systems, and orthopedic implants in the biomedical field. Because of its great biocompatibility, mild controllable degradation, charge, and retention of strength, PGA is a promising cloth for an internal clinical technique that requires brief structural backing or function before the fabric will dissolve in the body. Regional Analysis In 2024, the global polyglycolic acid (PGA) market had North America as the dominant region with around 42.35% of total revenue. Such dominance is mainly due to established healthcare infrastructure, high presence of key medical device manufacturers, and adoption of innovative bioresorbable materials in this region. In particular, the USA has been leading the use of PGA for use in absorbable sutures, implants, or even in drug delivery systems due to the growing request for less invasive and patient-friendly surgery solutions. Moreover, the shale gas industry growth in the region has enhanced the application potential for PGA in oil and gas, like degradable frac plugs and diverters, providing better efficiency while reducing environmental impact. Recent Developments In February 2025, Kureha Corporation, one of the major worldwide producers of polyglycolic acid, confirmed the growth of its PGA production plant in Fukushima, Japan. In November 2024, Evonik Industries announced the launch of a new medical-grade PGA filament intended for additive manufacturing. The product is specifically designed for bioresorbable implants and promises new possibilities in 3D-printed medical devices. Buy Full Research Report @ About Us: SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Yahoo
4 days ago
- Business
- Yahoo
Driven by Expanding Demand in Biomedical, Packaging, and Oil & Gas Applications
The global polyglycolic acid (PGA) market is experiencing robust growth, propelled by the increasing demand for high-performance biodegradable materials due to its unique chemical properties and environmental benefits. Austin, June 09, 2025 (GLOBE NEWSWIRE) -- The global polyglycolic acid market was valued at USD 5.72 billion in 2024 and is projected to reach USD 12.01 billion by 2032, expanding at a compound annual growth rate (CAGR) of 9.72% from 2025 to 2032. The demand for PGA is primarily attributed to its excellent biodegradability, high tensile strength, as well as compatibility with living tissue, preferably used for sutures, bioresorbable implants, and in tissue engineering applications. The trend towards compostable materials, especially in the packaging sector, has accelerated the interest in PGA-based compostable bags and films. PGA has a specific application in frac plugs and diverters in the oil and gas industry, which reduces operational time and clean-up following operation in a significant group of game-changing PDF Sample of Polyglycolic Acid Market @ The U.S Polyglycolic Acid market size was USD 1.79 billion in 2024 and is expected to reach USD 3.67 billion by 2032 and grow at a CAGR of 9.39% over the forecast period of 2025-2032. It is driven by robustness in key end-use industries such as healthcare and oil & gas. The country has a well-established medical infrastructure, research, and development expertise, and a highly salient regulatory setting for innovative bioresorbable materials (PGA for surgical sutures, implants, and drug delivery systems). Moreover, the demand for degradable tools such as frac plugs and diverters based on PGA is further fueled by the U.S. shale gas boom that has offered a reliable, green solution to hydraulic fracturing operations. Key Players: Kureha Corporation Evonik Industries AG Corbion N.V. BMG Incorporated Shenzhen Polymtek Biomaterial Co. Ltd. Foryou Medical Meta Biomed Huizhou Foryou Medical Devices Co. Ltd. Teleflex Incorporated Meril Life Sciences Polyglycolic Acid Market Report Scope: Report Attributes Details Market Size in 2024 USD 5.72 Billion Market Size by 2032 USD 12.01 Billion CAGR CAGR of 9.72% From 2025 to 2032 Base Year 2024 Forecast Period 2025-2032 Historical Data 2021-2023 Report Scope & Coverage Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook Key Drivers • Growing Packaging Industry Drives the Market Growth. If You Need Any Customization on Polyglycolic Acid Market Report, Inquire Now @ By Derivatives The fibers segment accounted for the largest revenue share of the global polyglycolic acid (PGA) market with approximately 48% in 2024. PGA accounts for the majority primarily due to its mechanical merits, such as high tensile strength, ideal biodegradability, and high hydrolysis rates, which allow PGA to be converted into fibers. Due to their ability to degrade in vivo without an inflammatory response, PGA fibers are the most widely used absorbable surgical sutures, which are a mainstay product in the biomedical industry. By End-use Industry In 2024, the medical segment held the largest share of the total market value at about 32%. The main reason for this prominent position is that PGA is the most popular biodegradable polymer used in absorbable sutures, tissue scaffolds, drug delivery systems, and orthopedic implants in the biomedical field. Because of its great biocompatibility, mild controllable degradation, charge, and retention of strength, PGA is a promising cloth for an internal clinical technique that requires brief structural backing or function before the fabric will dissolve in the body. Regional Analysis In 2024, the global polyglycolic acid (PGA) market had North America as the dominant region with around 42.35% of total revenue. Such dominance is mainly due to established healthcare infrastructure, high presence of key medical device manufacturers, and adoption of innovative bioresorbable materials in this region. In particular, the USA has been leading the use of PGA for use in absorbable sutures, implants, or even in drug delivery systems due to the growing request for less invasive and patient-friendly surgery solutions. Moreover, the shale gas industry growth in the region has enhanced the application potential for PGA in oil and gas, like degradable frac plugs and diverters, providing better efficiency while reducing environmental impact. Recent Developments In February 2025, Kureha Corporation, one of the major worldwide producers of polyglycolic acid, confirmed the growth of its PGA production plant in Fukushima, Japan. In November 2024, Evonik Industries announced the launch of a new medical-grade PGA filament intended for additive manufacturing. The product is specifically designed for bioresorbable implants and promises new possibilities in 3D-printed medical Full Research Report @ About Us: SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world. CONTACT: Jagney Dave - Vice President of Client Engagement Phone: +1-315 636 4242 (US) | +44- 20 3290 5010 (UK)Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-06-2025
- Business
- Yahoo
Animal Nutrition Chemicals Market Size Worth USD 77.32 Billion by 2031, Rising Requirement for High Quality and Nutritious Animal Feed Fuels the Demand
The global animal nutrition chemicals market share is projected to grow from approximately USD 46.94 billion in 2024 to USD 77.32 billion by 2031, registering a CAGR of 7.4 % during the forecast period. Prominent players in the market include BASF SE, Cargill Inc., Evonik Industries AG, Kemin Industries Inc., Koninklijke DSM NV, Novozymes A/S, Tata Chemicals Limited, Balchem Corporation, Adisseo France SAS, and Alltech. US & Canada, June 02, 2025 (GLOBE NEWSWIRE) -- According to a new comprehensive report from The Insight Partners, the animal nutrition chemicals market is witnessing significant growth owing to the rising requirement for high-quality and nutritious animal feed. The report analyzes market trends, key players, and future opportunities in depth. The animal nutrition chemicals market comprises an array of platforms and services that are expected to determine market strength in the coming explore the valuable insights in the Animal Nutrition Chemicals Market report, you can easily download a sample PDF of the report – Overview of Report Findings Market Growth: The animal nutrition chemicals market size is expected to reach US$ 77.32 Billion by 2031 from US$ 46.94 Billionin 2024; it is likely to register a CAGR of 7.4% during the forecast period. The increasing demand for nutritious animal feed to promote livestock health and well-being drives the animal nutrition chemicals market. The growing livestock production drives the demand for animal feed. Various animal nutrition chemical producers have expanded their geographical footprints to cater to the growing animal feed. Thus, growing livestock production and favorable strategic developments contribute to the animal nutrition chemicals market. Rising Requirement for High-Quality and Nutritious Animal Feed: The animal nutrition chemicals market is experiencing a significant surge in demand for high-quality and nutritious feed. The poultry sector, in particular, has seen substantial growth, with poultry feed sales exceeding 6.9 million metric tons in 2022. This growth indicates the increasing emphasis on high-quality and nutritious animal feed in the agricultural sector. In addition to poultry, the nutritional requirements for ruminants, such as cattle, sheep, and goats, are gaining considerable attention as livestock producers seek to improve productivity, health, and product quality. Ruminants require a balanced diet rich in energy, protein, fiber, vitamins, and minerals to support digestion, growth, lactation, and overall immune function. Feed formulations increasingly include additives such as amino acids, probiotics, enzymes, and trace minerals to enhance nutrient absorption and reduce methane emissions. With the increase in dairy and beef exports, there is a growing demand for scientifically formulated feed that enhances optimal milk production, improves meat quality, and promotes animal welfare. Adopting precision feeding technologies and tailored nutritional programs for ruminants further highlights the shift toward more sustainable and efficient animal farming practices. Strategic Initiatives by Key Players: The animal nutrition chemicals market is experiencing dynamic shifts as key players implement strategic initiatives to address sustainability, innovation, and consumer demand. Companies increasingly focus on strategic partnerships and acquisitions to enhance their product offerings, expand market reach, and leverage technological advancements. In January 2025, Feed Expert and Phytobiotics initiated a joint venture in Poland to enhance their presence in the animal nutrition sector. This collaboration aims to combine Feed Expert's expertise in feed additives with Phytobiotics' specialization in phytogenic products, offering innovative solutions to improve animal health and performance. The partnership underscores the industry's emphasis on integrating natural and functional ingredients to meet evolving market needs. Such initiatives underscore a broader trend of consolidation and innovation within the animal nutrition chemicals market, driving growth and competitiveness in the sector and catering to the evolving demands of the livestock industry. Geographical Insights: In 2024, Asia Pacific led the market with a substantial revenue share, followed by Europe and North America. The Asia Pacific region is expected to register the highest CAGR during the forecast period. For Detailed Animal Nutrition Chemicals Market Insights, Visit: Market Segmentation Based on product type, the animal nutrition chemicals market is segmented into vitamins, minerals, prebiotics and probiotics, enzymes, flavors, amino acids, antioxidants, and others. The prebiotics and probiotics segment held the largest share of the market in 2024. In terms of livestock, the market is divided into poultry, ruminants, swine, aquaculture, and others. The poultry segment held the largest share of the market in 2024. The animal nutrition chemicals market is segmented into five major regions: North America, Europe, APAC, Middle East & Africa, and South & Central America. Competitive Strategy and Development Key Players: Major companies operating in the animal nutrition chemicals market are BASF SE, Archer-Daniels-Midland Co, De Heus Voeders BV, Cargill Inc, Kemin Industries Inc, Alltech Inc, DSM-Firmenich AG, Evonik Industries AG, Vernus Sp. z o.o., and Nutreco NV. Trending Topics: Shift Toward Natural and Sustainable Additives, Biotechnology and Precision Nutrition, Encapsulation and Personalized Feed Solutions, Waste-to-Protein Innovations, and Ethical and Transparent Sourcing. Stay Updated on The Latest Animal Nutrition Chemicals Market Trends: Global Headlines on Animal Nutrition Chemicals Dutch feed producer De Heus Voeders has acquired poultry processor Kessels Holding B.V. and its underlying activities, including Van der Linden & Co. B.V., Van der Linden & Co. Beheer B.V., Van der Linden Diervoeders B.V., Van der Linden Poultry Farms B.V., and Van der Linden Poultry Products B.V. Evonik launched a new generation of Biolys, a proven source of lysine for livestock feeds. The new Biolys formulation contains 62.4% L-lysine (an 80% ratio to Lysine HCl) compared to the current version's 60% L-lysine (a 77% ratio to Lysine HCl). Biolys is produced at Evonik's sites in Castro, Paraná, Brazil, and Blair, Nebraska, USA, serving mainly the markets in the Americas, the Middle East, and Africa. Kemin Industries opened a 36,000-square-foot office and distribution center to enhance Mexico and Central America operations. The new facilities will support Kemin Animal Nutrition and Health, Kemin Pet Food & Rendering Technologies, and Kemin Food Technologies. Trouw Nutrition, Nutreco's livestock feed business, is presenting science-based nutrition and digital tools to help farms and feed mills lower the carbon footprint of their operations, support feed safety, and nurture livestock performance at VIV Asia, 12-14 March. Purchase Premium Copy of Global Animal Nutrition Chemicals Market Size and Growth Report (2021-2031) at: Conclusion The demand for animal protein is rising owing to the robust meat production globally. This surge in animal protein demand directly influences the animal nutrition chemicals market, as producers seek to enhance feed quality, improve livestock productivity, and meet the nutritional requirements of various animal species. The increasing role in the global animal feed sector is driven by both domestic advancements and international demand for high-quality feed products. The report from The Insight Partners provides several stakeholders—including animal nutrition chemicals providers and animal nutrition chemicals manufacturers—with valuable insights into navigating this evolving market landscape and unlocking new opportunities. Talk to Us Directly: Related Reports: Us: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials. Contact Us: If you have any queries about this report or if you would like further information, please contact us: Contact Person: Ankit Mathur E-mail: Phone: +1-646-491-9876 Home - in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-03-2025
- Business
- Yahoo
Institutional investors in Evonik Industries AG (ETR:EVK) see €578m decrease in market cap last week, although long-term gains have benefitted them.
Given the large stake in the stock by institutions, Evonik Industries' stock price might be vulnerable to their trading decisions A total of 2 investors have a majority stake in the company with 52% ownership Ownership research along with analyst forecasts data help provide a good understanding of opportunities in a stock Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Every investor in Evonik Industries AG (ETR:EVK) should be aware of the most powerful shareholder groups. With 75% stake, institutions possess the maximum shares in the company. In other words, the group stands to gain the most (or lose the most) from their investment into the company. Institutional investors endured the highest losses after the company's market cap fell by €578m last week. Still, the 23% one-year gains may have helped mitigate their overall losses. They should, however, be mindful of further losses in the future. Let's delve deeper into each type of owner of Evonik Industries, beginning with the chart below. Check out our latest analysis for Evonik Industries Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. Evonik Industries already has institutions on the share registry. Indeed, they own a respectable stake in the company. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Evonik Industries' earnings history below. Of course, the future is what really matters. Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. We note that hedge funds don't have a meaningful investment in Evonik Industries. The company's largest shareholder is RAG Foundation, Endowment Arm, with ownership of 47%. Mondrian Investment Partners Limited is the second largest shareholder owning 5.0% of common stock, and BlackRock, Inc. holds about 3.7% of the company stock. To make our study more interesting, we found that the top 2 shareholders have a majority ownership in the company, meaning that they are powerful enough to influence the decisions of the company. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. We note our data does not show any board members holding shares, personally. Given we are not picking up on insider ownership, we may have missing data. Therefore, it would be interesting to assess the CEO compensation and tenure, here. The general public-- including retail investors -- own 25% stake in the company, and hence can't easily be ignored. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. It's always worth thinking about the different groups who own shares in a company. But to understand Evonik Industries better, we need to consider many other factors. Case in point: We've spotted 2 warning signs for Evonik Industries you should be aware of. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
31-01-2025
- Business
- Yahoo
Hydrogen Peroxide for Disinfection and Sterilization Market to Reach US$ 1,161.45 Million by 2031 and is Expected to Register a CAGR of 5.7% during 2024-2031
Hydrogen Peroxide for Disinfection and Sterilization Market Size to Grow Driven by Rising Demand for Water and Wastewater Treatment. Key Players are Evonik Industries AG, Solvay SA, Arkema SA, Mitsubishi Gas Chemical Co Inc, and Kemira Oyj, etc. US & Canada, Jan. 31, 2025 (GLOBE NEWSWIRE) -- According to a new comprehensive report from The Insight Partners, the hydrogen peroxide for disinfection and sterilization market is observing significant growth owing to the growing demand for water and wastewater treatment and rising requirements in food packaging applications. The report runs an in-depth analysis of market trends, key players, and future opportunities. The hydrogen peroxide for disinfection and sterilization market analysis focuses on an array of applications of hydrogen peroxide for disinfection and sterilization that are expected to determine the market strength in the coming years. Overview of Report Findings Market Growth: The hydrogen peroxide for disinfection and sterilization market size is expected to reach US$ 1,161.45 million by 2031 from US$ 744.43 million in 2023; it is anticipated to register a CAGR of 5.7% during the forecast period. Hydrogen peroxide is a versatile chemical compound that has been gaining significant traction in disinfection and sterilization applications. Its broad-spectrum antimicrobial properties, environmental friendliness, and effectiveness against a wide range of pathogens make it a preferred choice for various applications. One of the key advantages of hydrogen peroxide is its rapid-acting nature. It can effectively kill microorganisms within a short time, making it suitable for time-sensitive applications. This has contributed to its widespread adoption in various industries. Furthermore, hydrogen peroxide is found in numerous healthcare and consumer products. According to the Centers for Disease Control and Prevention, commercially available 3% hydrogen peroxide is a stable and effective disinfectant when used on inanimate surfaces. It is used at concentrations of 3–6% for spot disinfecting ventilators, endoscopes, and fabrics in patients' rooms. The substance is also used as a topical disinfectant and antimycotic to sterilize contact Demand for Water and Wastewater Treatment: 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. In the US, hydrogen peroxide is used to treat residential water supplies, groundwater treatment, process water treatment, and industrial wastewater treatment. Under the Biocidal Products Regulation, hydrogen peroxide is approved as an active substance for use in biocidal products for drinking water disinfection. In 2022, as per the World Health Organization, Kuwait and Singapore safely treated 100% of domestic wastewater generated in the country. In February 2023, the US government declared a US$ 5.8 billion investment in the development of potable water and wastewater infrastructure. According to the US Environmental Protection Agency report published in 2022, ~128.7 billion liters of wastewater is processed daily in wastewater treatment plants in the US. The report also reveals that 20% of US households use septic tanks and systems for local wastewater treatment. According to the report published by the International Trade Administration in 2023, as of 2021, China's water treatment facilities treated wastewater for 98.1% of municipalities and 28% of rural areas. Sterilization Applications in Healthcare Industry: The operational and 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 growth. 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 20°C 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. Geographical Insights: In 2023, Asia Pacific led the market with a substantial revenue share, followed by North America and Europe, respectively. Asia Pacific is expected to register the highest CAGR during the forecast Segmentation Based on application, the 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 the largest share of the market in 2023. Competitive Strategy and Development Key Players: Major companies operating in the hydrogen peroxide for disinfection and sterilization 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, and Hansolchemical. Trending Topics: Green and Sustainable Disinfection Solutions, Electrolyzed Water and Hydrogen Peroxide in Sterilization, Hydrogen Peroxide in Food and Beverage Industry, Nanotechnology and Hydrogen Peroxide, and Research and Development in Hydrogen Peroxide-Based Sterilization Global Headlines on Hydrogen Peroxide for Disinfection and Sterilization Evonik Industries AG, in partnership with Dow, announced the successful start-up and operation of a pioneering hydrogen peroxide to propylene glycol (HPPG) pilot plant at Evonik Industries AG's site in Hanau, Germany. Solvay SA, in partnership with Sapio Sciences, announced its plans to develop Europe's first hub for the production of green hydrogen peroxide by mid-2026 and help decarbonize the plant. Arkema SA announced a two-and-a-half-fold increase in its organic peroxide production capacities at its Changshu site in China. United Initiators GmbH announced that its subsidiary in Turkey, Hidrojen Peroksit A.S. (HPAS), planned to implement stepwise improvements to its plant to ultimately double its hydrogen peroxide (H2O2) production capacity in Istanbul. Evonik Industries AG announced the launch of carbon-neutral hydrogen peroxide to its customers in the European The market for hydrogen peroxide-based disinfectants and sterilants is driven by several factors, including the increasing demand for a hygienic environment in healthcare settings, food processing facilities, and industrial manufacturing. The rising awareness of healthcare-associated infections (HAIs) has led to stricter regulations and guidelines for disinfection and sterilization practices, further boosting the market growth. Thus, the increase in healthcare facilities drives the demand for hydrogen peroxide for disinfection and sterilization in healthcare facilities. The report from The Insight Partners provides several stakeholders—including hydrogen peroxide for disinfection and sterilization service providers, hydrogen peroxide for disinfection and sterilization providers, and hydrogen peroxide for disinfection and sterilization manufacturers—with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities. Related Report Titles: Industrial Hydrogen Peroxide Market Size and Forecasts - 2021 - 2031 Hydrogen Peroxide Market Opportunities, Forecast, Size, Competitive Analysis till 2031 Industrial Wastewater Treatment Solutions Market Key Players and Growth Forecast by 2031 Food and Beverage Disinfection Market Growth, Size, Share, Trends, Key Players Analysis, and Forecast till 2031About Us: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials. Contact Us: If you have any queries about this report or if you would like further information, please contact us: Contact Person: Ankit MathurE-mail: +1-646-491-9876 Site: Press Release: in to access your portfolio
