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Sanitizing Agents Market to reach at 32.34 USD billion by 2029, Trends, Growth Strategies, Competitive Dynamics, Industry Segmentation and Forecast
Sanitizing Agents Market Overview:Sanitation has become an important aspect of the major industrial processes and commercial sectors. The increasing use of sanitizing agent for maintaining a level of sanitation has been growing rapidly. The accelerating awareness of maintaining quality of food products is a major reason why the demand for sanitizing agents is expected to rise owing to their efficiency and cost-effectiveness.
The global Sanitizing Agents market accounted for 16.90 USD billion in 2020 and is estimated to be 32.34 USD billion by 2029 and is anticipated to register a CAGR of 7.8% during 2022-2029.
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Sanitizing Agents Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are 3M, Reckitt Benckiser, STERIS plc, Kimberly-Clark Corporation, Bio-Cide International Inc., Cardinal Health, Novartis AG, Johnson& Johnson, Peroxy Chem, Badger Fabrication, Hydriyte Chemical Company, IVH-Germany, Seatax Ltd., Troy Chemical Industries, and Others
Recent Development
4 Feb 2021- Reckitt Benckiser and Grofers partner to standardise cleaning and disinfection protocols
RB (Reckitt Benckiser), a leading global consumer health and hygiene company, in partnership with Grofers, one of India's leading online grocery retailers, announced the launch of 'Deliver Safe Program'. RB India, in its collaboration with Grofers, has developed processes and protocols to meet the highest standards of cleaning and disinfection making it a first for the Indian e-commerce industry.
In September 2020, The Clorox Company's Pine-Sol Original Multi-Surface Cleaner received approval from the U.S. Environmental Protection Agency (EPA) for kill claims against SARS-Cov-2, the virus that causes COVID-19, on hard non-porous surfaces
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Sanitizing Agents Market Segmentation:
Sanitizing Agents Market by Process Type, 2020-2029, (USD Million)
Physical Sanitation
Hot Water
Steam
Chemical Sanitation
Alkaline Based
Chlorine Compounds
Quaternary Ammonium Compounds
Acid Based
Alcohol
Hydrogen Peroxide
Peracetic Acid
Anionic Acids
Iodophors
Sanitizing Agents Market by Industrial Vertical, 2020-2029, (USD Million)
Food & Beverages
Retail & Consumer Industry
Hospital Settings
Diagnostic Laboratories
Pharmaceutical & Biotechnology Companies
Research Laboratories
Brewery Industry
Others
Growth Factors:
Increasing demand from the Sanitizing Agents industries
The growing use of Sanitizing Agents in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Sanitizing Agents Market
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Sanitizing Agents Market Regional Analysis
Asia-Pacific is the leader of the sanitizing agents' market, due to increase in food consumption and presence of large population base. For instance, Indian Peroxide Ltd. announced the launch of its new hydrogen peroxide production plant in the state of Gujarat, India. With this plant, the company would produce environmentally friendly, premium quality, and industry-grade hydrogen peroxide. Similarly, the expansion of the food and the chemical industries in the regions such as North America and Western Europe is positively affecting the growth of the sanitizing agents' market. Increase in brewery processing has led Los Angeles to become one of the key markets for sanitizing agents in the region.
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Key Sanitizing Agents Market Trends
- The report identifies, determines, and forecasts the Global Sanitizing Agents Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Sanitizing Agents Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Sanitizing Agents Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Sanitizing Agents Market.
Frequently Asked Questions About This Report
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