Disinfectant Product Market Size Worth USD 10.50 Billion 2032 | Emergen Research

The global disinfectant product market size was USD 5 billion in 2022 and is expected to register a revenue CAGR of 7.8% during the forecast period. The global disinfectant product market is witnessing significant growth, fueled by rising concerns over Hospital-Acquired Infections (HAIs), stringent regulatory standards, and increased consumer awareness regarding hygiene. These factors have propelled the demand for disinfectant products in hospitals and healthcare facilities worldwide.

Market Drivers

The rising incidence of HAIs, including bloodstream infections, has heightened the need for effective disinfection solutions. According to reports from the National Institute of Health (NIH), bloodstream infections affect approximately 250,000 individuals annually, often linked to bacterial presence in intravascular devices.

Moreover, growing consumer awareness of disease transmission risks, particularly highlighted by the COVID-19 pandemic, has led to increased emphasis on cleanliness and sanitation. The Centers for Disease Control and Prevention (CDC) reported significant flu-related medical visits and hospitalizations in recent years, further driving the demand for disinfectant products.

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Emerging Trends

An emerging trend in the market is the preference for eco-friendly disinfectants, driven by global environmental concerns. Consumers are increasingly opting for eco-conscious cleaners and disinfectants, contributing to market expansion. Additionally, the aging population presents a significant opportunity, as older individuals are more susceptible to infectious diseases, increasing the demand for disinfectant products.

Market Restraints

Despite the market's growth prospects, challenges such as adverse effects associated with chemical disinfectants and the availability of alternative options like Ultraviolet (UV) sterilization devices pose restraints. Adverse effects such as pulmonary hemorrhage and pneumothorax highlight the need for safer disinfection solutions.

Segment Insights

In terms of product types, hypochlorite-based disinfectants dominated the market in 2022, attributed to their broad-spectrum antimicrobial efficacy. The alcohol segment is expected to witness the highest growth, driven by its effectiveness in disinfecting small surfaces.
Regarding applications, surface disinfection products accounted for the largest revenue share, essential for preventing disease transmission in healthcare settings. Instrument disinfectants are expected to register the fastest revenue growth, emphasizing the importance of maintaining cleanliness and safety standards for medical devices.

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Major Companies and Competitive Landscape

The global disinfectant product market is fragmented, with several key players accounting for the majority of market revenue. Major players are deploying various strategies, entering mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing new products and solutions.

Some major players included in the global disinfectant product market report are:
• 3M
• Procter & Gamble
• Reckitt Benckiser Group PLC
• Ecolab
• STERIS
• The Clorox Company
• PAUL HARTMANN AG
• SC Johnson Professional USA, Inc
• CARROLLCLEAN
• Sanosil LTD
• Metrex Research, LLC
• Whiteley
• ACURO ORGANICS LIMITED
• GOJO Industries, Inc
• PDI, Inc
• Betco Corporation
• Gesco Healthcare Pvt. Ltd
• Medalkan
• Ruhof
• Cetylite, Inc

Strategic Development

• On 7 November 2023, Virox Technologies Inc signed a supply agreement with Diversey to introduce the latest innovation in sustainable disinfection to healthcare professionals. Virox will receive license fees and royalties for utilizing the formulas protected by the patented Citr-IQ disinfectant platform.

• On 27 June 2023, Lysol, a brand under Reckitt, launched its latest product, the Lysol Air Sanitizer, in the U.S. This air sanitizing spray, the first of its kind approved by the EPA, effectively eliminates 99.9% of airborne viruses and bacteria. Reckitt collaborated with experts in aerobiology and the U.S. Environmental Protection Agency (EPA) to develop a stringent testing protocol. This protocol was designed to assess the effectiveness of Lysol Air Sanitizer in reducing viruses and bacteria present in the air.

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For the purpose of this report, Emergen Research has segmented the global disinfectants product market on the basis of type, formulation, application, end-use and region:

• Type Outlook (Revenue, USD Billion; 2019-2032)
o Quarternary Ammonium Compounds
o Hypochlorite
o Alcohols
o Aldehydes
o Others

• Formulation Outlook (Revenue, USD Billion; 2019-2032)
o Liquids
o Wipes
o Sprays

• Application Outlook (Revenue, USD Billion; 2019-2032)
o Surface Disinfection
o Instrument Disinfection
o Others

• End-use Outlook (Revenue, USD Billion; 2019-2032)
o Hospitals
o Laboratories
o Diagnostic centers
o Others

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