Disinfectants Global Market Report 2024

“Disinfectants Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on disinfectants market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for disinfectants? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The disinfectants market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 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
• Companies Mentioned: 3M Company; Johnson & Johnson; Reckitt Benckiser Group plc; Bio-Cide International Inc.; Cardinal Health Inc.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

A disinfectant is a chemical solution designed to eradicate microorganisms and prevent the spread of infectious diseases. It is employed to eliminate pathogenic microorganisms found on non-living objects such as surfaces, floors, equipment, and furniture.

Disinfectants come in various types, including quaternary ammonium compounds, peracetic acid, chlorine compounds, hydrogen peroxide, alcohols, aldehyde products, and other specialized formulations. Hydrogen peroxide, for instance, is a colorless, unstable liquid used as both a bleaching agent and an antiseptic. It occurs naturally in trace amounts in the air. Disinfectants are commonly available in liquid and spray forms and are used across multiple sectors, including hospitals, clinics, households, and various other industries.

The disinfectant market research report is one of a series of new reports from The Business Research Company that provides disinfectant market statistics, including disinfectant industry global market size, regional shares, competitors with a disinfectant market share, detailed disinfectant market segments, market trends and opportunities, and any further data you may need to thrive in the disinfectant industry. This disinfectant market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The disinfectants market size has grown rapidly in recent years. It will grow from $6.84 billion in 2023 to $7.57 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The growth observed in the past can be attributed to occurrences of infectious disease outbreaks, the demand in healthcare settings, emphasis on food safety, and adherence to regulatory compliance.

The disinfectants market size is expected to see rapid growth in the next few years. It will grow to $12.35 billion in 2028 at a compound annual growth rate (CAGR) of 13.0%. The anticipated growth in the coming period can be ascribed to factors such as global health emergencies, the growing aging population, increased travel and urbanization, and the adoption of environmentally friendly and sustainable practices. Notable trends expected in this forecast period encompass antimicrobial resistance (AMR), advancements in remote disinfection technologies, tailored disinfection protocols, and the emergence of residential disinfection services.

The growth in the disinfectant market is expected to be driven by the increase in healthcare spending. This refers to the total expenditure on health-related activities, including health insurance, research, and public health initiatives. As healthcare spending rises, there is a corresponding surge in the demand for disinfectants in various healthcare settings, such as healthcare facilities, diagnostic laboratories, pharmaceutical and biotechnology companies, and research labs. For instance, according to the National Health Expenditure Account (NHEA) released by the Centers for Medicare and Medicaid Services, U.S. healthcare spending rose by 2.7% in 2021, reaching $4.3 trillion, equivalent to $12,914 per person. This spending accounted for 18.3% of the nation's Gross Domestic Product. Consequently, the increased investment in healthcare infrastructure is a significant factor driving the growth of the disinfectant market.

The surge in hospital-acquired infections has propelled increased expenditure on disinfectant solutions globally, contributing significantly to the growth of the global disinfectant market. Hospital-acquired infections (HAIs) refer to infections contracted by patients during their hospital stay, distinct from their primary condition. The World Health Organization (WHO) notes that in Europe, around 41.31 million patients suffer from approximately 45.441 million episodes of healthcare-associated infections annually. The heightened focus on patient safety within hospitals has led to amplified investments in disinfection solutions, ultimately fostering the expansion of the disinfectant market.

The disinfectant market in developed economies is projected to face limitations due to market saturation. Recent trends indicate that these countries have maintained consistent consumption levels of disinfectant solutions over time. As a result, the growth rate in established markets is anticipated to decelerate in comparison to the expanding disinfectant market in emerging economies. This unchanging scenario in established markets poses a hindrance to the growth of the disinfectant market.

Key players in the disinfectants market are actively innovating and introducing new products focused on airborne sanitization to combat the spread of airborne pathogens. These innovations aim to address health concerns by effectively eliminating odors and airborne bacteria and viruses. For example, a well-known cleaning and disinfecting product manufacturer recently introduced an EPA-approved air sanitizer designed to kill a significant percentage of airborne viruses and bacteria, while also eradicating unpleasant odors. The air sanitizer utilizes a unique formulation containing active molecules with hygroscopic properties. These molecules attract and attach themselves to microorganisms present in the air, subsequently disrupting their structural integrity, leading to their destruction

Disinfectant service providers have embraced the use of drones to efficiently apply disinfectant solutions, minimizing human contact and curbing the spread of infections in contaminated areas. In China, various drone manufacturers have adapted their agricultural drone models-initially designed for spraying crops with pesticides-to dispense disinfectants. This modification allows for the swift and effective disinfection of extensive areas.

In August 2021, MicroCare LLC, a chemical manufacturer based in the United States, completed the acquisition of Certol International for an undisclosed amount. This strategic move broadened MicroCare's product portfolio, enhancing its ability to provide a comprehensive selection of critical cleaning solutions to its clientele. Certol International, another U.S.-based company, specializes in manufacturing specialty cleaning and disinfecting products.

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

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.

The countries covered in the disinfectants market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The disinfectant market consists of the sales of formaldehyde, glutaraldehyde, iodophors, and ortho-phthalaldehyde (OPA) disinfectants. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.