Market Synopsis
Disinfectant Chemicals Market was valued at around USD 5 Billion in 2019 and is projected to reach USD 9,520.92 million by 2030 at a CAGR of 8.89%.
There are many different disinfectants on the market, such as alcohols, aldehydes, phenolic compounds, quaternary ammonium compounds, chlorine and its derivatives, and many more. They have been effectively utilized worldwide to stop and eliminate infectious diseases in medical facilities, including hospitals and clinics. Chemicals used as disinfectants and antimicrobial agents stop the spread of bacteria. These specialty chemicals are employed to maintain cleanliness and hygienic conditions in homes, workplaces, schools, industrial machinery, processing facilities, and other public areas.
Disinfectant Chemicals Market are becoming more popular recently among large populations residing all over the world. This scenario is mostly due to their capacity to regulate, neutralize, or eradicate the harmful germs found on inanimate surfaces or objects. As a result, clinics, universities, and research and diagnostic laboratories, among others, are demanding more of these products.
Report Scope:
Report AttributeDetails2027 Market SizeUSD 7.2 Billion CAGR5% (2021–2027)Base Year2020Forecast Period2021–2027Historical Data2019Forecast UnitsValue (Billion)Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, and TrendsSegments CoveredBy Types, Composition And RegionGeographies CoveredNorth America, Europe, Asia-Pacific, and Rest of the World (RoW)Key Market DriversRegulations on the usage of surface disinfectantsIncreasing prevalence of HAIs
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Market Competitive Landscape:
The formidable contenders in the disinfectant chemicals market are:
- 3M (US)
- DuPont (US)
- STERIS plc (US)
- Akzo Nobel NV (Netherlands)
- Evonik Industries AG (Germany)
- Betco (US)
- Ecolab (US)
- Diversey, Inc. (US)
- Cantel Medical (US)
- The Clorox Company (US)
- Johnson Johnson (US)
- Steris Corporation (US)
- Reckitt Benckiser Group plc (UK)
- Bio-Cide International, Inc. (US)
Market U.S.P. Covered:
Market Drivers:
The rise in healthcare-associated infections (HAIs), expanding government healthcare spending globally, and an aging population in developed nations are the main factors propelling the market for disinfection chemicals. Favorable government regulations now require authorities at hospitals to maintain sanitation in their facilities. Demand for surface disinfectant chemicals is anticipated to be driven by economic growth, rising middle-class income, population aging, rising healthcare costs, and strict government regulations enacted to ensure the highest level of sanitation in hospitals and commercial areas.
Market Restraints:
The demand for the product has amplified due to the strict regulatory standards for disinfection in commercial, industrial, and institutional sectors. Surface disinfectants contain various chemical components that produce outstanding results when used according to instructions. The development of the disinfection chemicals market will probably be hampered by the availability of alternative technology, such as UV radiation.
Manufacturers have historically been most worried about issues like government restrictions on the use of synthetic chemicals and a movement in consumer preference toward environmentally-friendly products. Due to the COVID-19 epidemic, which caused numerous industrial centers and factories to close globally, there has been a major decrease in demand for raw materials and active chemicals. Many facilities have been operating at lower rates or completely stopped, leading to a supply-demand gap.
COVID 19 Analysis
Additionally, the food and beverage sector expanded globally and profitably. Consumers’ hygiene concerns have grown due to increased infections linked to healthcare and food-borne illnesses, as well as the COVID-19 epidemic. Applications of surface disinfection agents will rise as a result. Lockdowns enacted in numerous nations have had a detrimental effect on the market since they have caused institutions and businesses to close, which has slowed demand. Amid the pandemic, difficulties with production and delays in transportation caused by travel restrictions have arisen.
Some hospitals and healthcare facilities stocked up on surface disinfectants Survey Data to ensure enough supply during the crisis. In order to uphold a safe and hygienic setting throughout healthcare institutions and in critical infrastructure, such as government buildings and utility installations, there is also a high demand for surface disinfection products due to the increase in the inflow of in-patients. Most nations adhere to strict regulations to stop coronavirus transmission, including maintaining social distance, sanitizing surfaces, maintaining personal cleanliness, and restricting movement. This has also led to an upsurge in demand for antibacterial and disinfection chemicals. Since offices and other commercial establishments are crucial to the economy, they cannot be placed on lockdown for an extended period. Office work may change after COVID-19 as hygiene procedures are expected to be introduced, increasing the demand for antibacterial and disinfection chemicals.
Market Segmentation
By composition, the market includes quaternary ammonium compounds, chlorine and derivatives, alcohols and aldehydes, phenolic compounds, and hydrogen peroxide. By type, the market includes water disinfectants, air disinfectants, and surface disinfectants. By end user, the market includes clinics, hospitals, research and diagnostic laboratories.
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