Global Disinfectants Market 2024 : Trends, Business Growth And Major Driving Factors | 3M Company, Johnson & Johnson, Reckitt Benckiser Group plc, Bio-Cide International Inc

"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 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 $12.35 billion in 2028 at a compound annual growth rate (CAGR) of 13.0%. 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.

Market Overview -
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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Rising Healthcare Spending Fuels Growth In The Disinfectant Market
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, according to the National Health Expenditure Account (NHEA), published by the Centers for Medicare and Medicaid Services, a US-based federal agency, U.S. healthcare spending grew 2.7% in 2021, reaching $4.3 trillion or $12,914 per person. As a share of the nation's Gross Domestic Product, health spending accounted for 18.3%. Thus, enhanced healthcare infrastructure is driving the growth of the disinfectant market.

Competitive Landscape -
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

Lysol's Innovative Air Sanitizer Takes Aim At Airborne Pathogens And Odors
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.

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Key Segments -
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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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