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Disinfectants Market Size 2024 Key Growth Drivers, Latest Opportunities, Increasing Demand, Top Players and Regional Forecast to 2031 | Solvay S.A., Unilever Group, Evonik Industries AG

05-20-2024 03:10 PM CET | Chemicals & Materials

Press release from: Coherent Market Insights

Disinfectants Market

Disinfectants Market

Market Overview:

Disinfectants are antimicrobial agents that are used to kill or inhibit the growth of microorganisms like viruses, bacteria, fungi and protozoa. They are widely used for sterilization in hospitals, laboratories, food and beverage processing plants and household cleaning purposes.

Market Dynamics:

The disinfectants market is expected to witness significant growth over the forecast period owing to increasing outbreaks of infectious diseases like COVID-19 globally. Rapid spread of infectious diseases has boosted the demand for surface disinfectants from households as well as various end-use industries like healthcare, hospitality, F&B processing etc. Furthermore, growing hygiene awareness among consumers has also led to increased adoption of disinfectant products for daily cleaning and sanitation purposes. Stringent food safety regulations regarding sanitization of food processing facilities has further augmented the product demand from the food industry.

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Major Driver : Increasing prevalence of hospital-acquired infections (HAIs)

One of the key drivers of growth for the disinfectants market is the increasing prevalence of hospital-acquired infections globally. According to the World Health Organization (WHO), on any given day, over 1.4 million patients around the world are suffering from at least one HAI. Cleanliness and disinfection practices play a crucial role in controlling the spread of such infections in hospitals and healthcare settings. The rising caseload of HAIs has prompted healthcare facilities to ramp up cleaning/disinfection regimens, boosting demand for various disinfectant products such as surface disinfectants, disinfectant wipes, disinfectant sprays, and room disinfectants. Growing awareness among consumers about the importance of sanitation and hygiene during a health crisis situation like the ongoing COVID-19 pandemic is further supporting the growth of this market.

Major Driver : Stringent safety & hygiene regulations in the food industry

Growing regulations regarding food safety and hygiene across the globe represent another key growth driver for the disinfectants market. Various governing bodies such as the U.S. FDA and the European Food Safety Authority have mandated strict hygiene compliance for equipment, utensils, processing lines, and storage/packaging areas in food processing/manufacturing facilities. The implementation of standards like FSMA (Food Safety Modernization Act) and cross-contamination control requirements has significantly increased the adoption of disinfectants in the food & beverage industry. Major product categories in demand include surface disinfectants for food equipment, hand sanitizers, dishwashing detergents with disinfecting properties, and fruit and vegetable wash disinfectants. As food safety rules continue to intensify globally, the regulatory push will further support market revenues.

Major Restrain: toxicity concerns related to disinfectant ingredients

One major challenge restraining the disinfectants market growth is the toxicity concerns related to the ingredients used in certain disinfectant formulations. Chlorine-based disinfectants such as sodium hypochlorite bleach pose health hazards on prolonged skin exposure and their use requires safety precautions. Quaternary ammonium compounds and phenol derivatives used as disinfectants are known skin and respiratory irritants. Moreover, the disinfection by-products resulting from reactions between disinfectants and organic matter present in soils can pose environmental threats. Increasing regulatory scrutiny on toxic ingredients, coupled with the growing preference for natural and eco-friendly formulations, pose risks for conventional disinfectants. This has pushed manufacturers to develop green disinfectants using plant-derived/essential oils as active ingredients. However, high formulation costs continue to restrain he widespread adoption of natural alternatives.

Major Opportunity: Expanding scope in commercial & residential applications

While disinfectants have traditionally been used majorly in institutional and industrial settings, there is huge untapped potential for growth in commercial as well as residential applications. The COVID-19 pandemic has heightened awareness about hygiene and cleanliness across consumer households. With people spending more time at home, the need for regular disinfection of frequently touched surfaces, kitchen counters, doorknobs, switches, floors, walls, etc. has increased significantly. Disinfectant manufacturers can tap into this consumer market potential through innovative product ranges targeted for domestic use. New opportunities also exist in various commercial sectors including malls, retail stores, restaurants, gymnasiums, salons, schools/colleges in providing customized disinfection services. Manufacturers offering comprehensive solutions with fast-acting yet gentle formulations stand to gain from the expanding scope of disinfectants at both consumer and commercial levels.

Major Trend : Innovation of sustainable and eco-friendly formulations

A notable trend gaining traction in the disinfectants industry is the increasing focus on sustainable and plant-derived green formulations. With more emphasis on safety, growing health awareness and rising environmental consciousness, consumers seek alternatives to chemicals-based products. This has prompted leading players to invest in R&D to innovate niche product ranges using natural/botanical disinfecting ingredients with equal or better efficacy. Some examples include hydrogen peroxide, citric acid, essential oil-based systems, and silver-

Worldwide major and leading players within the 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
★ Reckitt Benckiser Plc.

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Segmental Overview

Disinfectants Market segmentation offers an in-depth analysis of the various segments of the market, including application, type, end use, and region. The segmentation overview section offers crucial information about the market share, sales, and growth rate for each of the segments over the forecast period. Moreover, an examination of the relative multitude of significant sub-portions in the market has been canvassed in the report.Having a knowledge about the various segments and sub-segments helps businesses recognize the importance of factors that drive industry growth.

The titled segments and sub-section of the Disinfectants market are illuminated below:

Global Disinfectants Market, By Product Type:

★ By Product Type: Oxidising Agents, Phenolic, Quaternary Ammonium Compounds, Aldehydes

Global Disinfectants Market, By Applications:

★ By End-Use Industry: Healthcare, Food & Beverages, Chemical Processing Industry, Others

Regional Analysis for Disinfectants Market:

📍 North America (United States, Canada, and Mexico)
📍 Europe (Germany, France, UK, Russia, and Italy)
📍 Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
📍 South America (Brazil, Argentina, Colombia, etc.)
📍 The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Key Highlights of the Report

Offers a comprehensive and holistic analysis of the Disinfectants Market.
Evaluates the competitive environments, covering partnerships, joint ventures, acquisitions, and organic growth.
Provides forecast information related to every region and sub-region of the Disinfectants market.
Includes information on the key opportunities and challenges faced by key industry players worldwide.
Covers the Disinfectants market's current and future market outlook on industry drivers, market restraints, and regional constraints.
The report answers a number of crucial questions, including:

➥ Which companies dominate the global Disinfectants market?
➥ What current trends will influence the Disinfectants market over the next few years?
➥ What are the market's opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular Disinfectants market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the market economy globally?

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Contact Us:

Mr. Shah
Coherent Market Insights Pvt Ltd,
533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
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India: +91-848-285-0837

About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

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