CDs use 44.1kHz because your sample rate needs to be double the highest frequency you want to encode to avoid aliasing artifacts: https://en.wikipedia.org/wiki/Nyquist%E2%80%93Shannon_sampli...
20kHz is the top of the human hearing range, and picking something a little bit higher than 40kHz gives you room to smoothly roll off frequencies above the audible range without needing an extremely steep filter that would create a large phase shift.