The Business Research Company’s report on the Disinfectants Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the disinfectants market further?
The increasing healthcare spending is expected to propel the growth of the disinfectant market going forward. Healthcare spending refers to the amount of money spent on health care and related activities such as private and public health insurance, health research, and public health activities. As healthcare spending increases, there is a corresponding increase in demand for disinfectants in healthcare facilities, diagnostic laboratories, pharmaceutical and biotechnology companies, and research laboratories. For instance, in December 2023, according to a report published by the Centers for Medicare & Medicaid Services, a US-based federal agency, in 2022, U.S. healthcare spending rose by 4.1%, reaching $4.5 trillion, marking an acceleration compared to the 3.2% increase observed in 2021. Thus, enhanced healthcare infrastructure is driving the growth of the disinfectant market.
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What are the key factors influencing the forecasted market size of the disinfectants industry?
The disinfectants market size has grown rapidly in recent years. It will grow from $7.57 billion in 2024 to $8.37 billion in 2025 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to infectious disease outbreaks, healthcare facilities, food safety, regulatory compliance.
The disinfectants market size is expected to see rapid growth in the next few years. It will grow to $14.41 billion in 2029 at a compound annual growth rate (CAGR) of 14.6%. The growth in the forecast period can be attributed to global health emergencies, aging population, increased travel and urbanization, green and sustainable practices. Major trends in the forecast period include antimicrobial resistance (amr), remote disinfection technologies, customized disinfection protocols, residential disinfection services.
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Who are the leading competitors in the disinfectants market?
Major companies operating in the disinfectants market include 3M Company, Johnson & Johnson, Reckitt Benckiser Group plc, Bio-Cide International Inc., Cardinal Health Inc., Steris plc, Procter & Gamble, Kimberly-Clark Corporation, Novartis AG, Becton, Dickinson and Company, ABC Compounding Co. Inc., Advanced Sterilization Products Services Inc., American Biotech Labs LLC., Angelini Pharma Inc., Nufarm Limited, Cantel Medical Corporation, Clorox Company, Ecolab Inc., Diversey Inc, CarroLLClean LLC, Whiteley Corporation, Gojo Industries Inc., SC Johnson & Son Inc., Best Sanitizers Inc., Himalaya Wellness Company, Henkel AG & Co. KGaA, Unilever plc, Vi-Jon Laboratories Inc., Chattem Inc., Kutol Products Company Inc., Skinvisible Inc., Nice-Pak Products Inc., Lion Corporation, Medline Industries LP, Zep Inc., Betco Corporation
Which emerging trends are set to transform the disinfectants market landscape?
Major companies operating in the disinfectants market are developing innovative products such as Lysol Air Sanitizer to reduce the spread of airborne, illness-causing pathogens. The Lysol Air Sanitizer is a sanitizing spray approved by the EPA that kills 99.9% of airborne viruses and bacteria while eliminating odors in the air. For instance, in June 2023, Lysol, a US-based cleaning and disinfecting product manufacturer, launched Lysol Air Sanitizer to eliminate odors in the air by killing odor-causing bacteria. The Lysol Air Sanitizer’s unique formula contains active molecules that are hygroscopic in nature, which allows the molecules to attach to microorganisms suspended in the air. Once attached, the molecules break down the structural membrane of the microorganism, leading to its destruction.
How do different geographies compare in terms of market share and growth potential in the disinfectants market?
Asia-Pacific was the largest region in the disinfectants market in 2023. Western Europe was the second-largest region in the global disinfectants market. The regions covered in the disinfectants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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Which major segments of the disinfectants market are experiencing the fastest growth?
The disinfectants market covered in this report is segmented –
1) By Type: Quaternary Ammonium Compounds, Peracetic acid, Chlorine Compounds, Hydrogen Peroxide, Alcohols And Aldehyde Products, Other Types
2) By Form: Liquid, Sprays
3) By End User: Hospitals, Clinics, Domestic Users, Other End Users
Subsegments:
1) By Quaternary Ammonium Compounds: Benzalkonium Chloride, Alkyl Dimethyl Benzyl Ammonium Chloride, Dodecylbenzenesulfonic Acid, Other Quaternary Ammonium Compounds
2) By Peracetic Acid: Liquid Peracetic Acid, Stabilized Peracetic Acid Solutions
3) By Chlorine Compounds: Sodium Hypochlorite, Calcium Hypochlorite, Chlorine Dioxide, Sodium Dichloroisocyanurate
4) By Hydrogen Peroxide: Diluted Hydrogen Peroxide, Stabilized Hydrogen Peroxide
5) By Alcohols And Aldehyde Products: Isopropyl Alcohol, Ethyl Alcohol, Formaldehyde, Glutaraldehyde, Acetaldehyde
6) By Other Types: Iodophors, Phenolic Compounds, Biguanides, Citric Acid-Based Disinfectants
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What defines the structure and scope of the disinfectants market?
The disinfectant is a chemical solution that kills microorganisms and prevents infectious diseases. A disinfectant is used to kill all recognized pathogenic microorganisms on inanimate objects such as floors, tiles, washrooms, furniture, and instruments.
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