Hand Sanitizers And Surface Disinfectants Are Fastest Growing Segment Fueling The Growth Of Global Disinfectants Market

 

Disinfectants are chemicals that are applied to non-living objects to destroy microorganisms growing on its surfaces without harming them. They help prevent the spread of infectious diseases by killing disease-causing germs or microbes. Common disinfecting agents are bleach, hydrogen peroxide, and alcohol.

The global disinfectants market is estimated to be valued at US$ 49.0 Bn in 2023 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the major trends in the disinfectants market is the increased demand for hand sanitizers and surface disinfectants due to the COVID-19 pandemic. The ongoing pandemic has made people more conscious about hygiene and cleanliness. As a result, the sales of hand sanitizers and disinfectants for surfaces have grown significantly. Manufacturers are launching novel formulations that are effective against viruses and can quickly eliminate them from hands and surfaces. For instance, alcohol-based sanitizers work by denaturing the protein envelope of coronaviruses.
Segment Analysis

The global disinfectants market is segmented on the basis of product type, form, end-use and region. Based on product type, the market is segmented into quaternary ammonium compounds, hydrogen peroxide & peracetic acid, chlorine compounds, alcohol, aldehydes, biguanides & amine compounds and others. Quaternary ammonium compounds dominate the market and accounted for more than 25% of market share in 2022 owing to their low cost, lesser toxicity and broad-spectrum antimicrobial activity.

Key Takeaways

The global disinfectants market is expected to witness high growth, exhibiting CAGR of 6.0% over the forecast period, due to increasing awareness about health, hygiene, and infections.

Regional analysis - North America dominates the global disinfectants market and is expected to continue its dominance over the forecast period. This is attributed to high prevalence of healthcare associated infections, implementation of stringent government regulations regarding hygiene and infections control. Asia Pacific is expected to exhibit fastest growth over the forecast period owing to growing healthcare infrastructure, increasing disposable incomes and rising awareness about hygiene in the region.

Key players operating in the disinfectants market are Solvay S.A., Unilever Group, Evonik Industries AG, 3M Company, Procter & Gamble Corporation, dowdupont Inc., Lanxess AG, BASF S.E., The Clorox Company, and Reckitt Benckiser Plc.

*Note:

1.Source: Coherent Market Insights, Public sources, Desk research

2.We have leveraged AI tools to mine information and compile it


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