Disinfectants Market Current Status and Forecasted Trends 2024 - 2031 | Solvay S.A., Unilever Group, Evonik Industries AG

Market Overview:

The disinfectants market is estimated to be valued at USD 9.72 Bn in 2024 and is expected to reach USD 15.72 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 7.1% from 2024 to 2031.

Market Dynamics:

Increased awareness regarding health and hygiene among consumers is expected to propel the growth of the disinfectants market over the forecast period. Stringent regulations in the healthcare industry regarding infection control and prevention are encouraging the use of disinfectants. The spread of infectious diseases like COVID-19 has further increased the demand for disinfectants from both commercial and residential users to sanitize surfaces. Rapid urbanization and changing lifestyles have also fueled the adoption of disinfectants for daily cleaning purposes. Growing food industry worldwide is another factor driving the need for disinfectants to maintain hygiene in food processing and handling areas.

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Major Driver: Increasing Hygiene Standards Due to COVID-19 Pandemic

The COVID-19 pandemic has completely changed how the world views hygiene and cleanliness. Proper sanitization and disinfection have become top priorities for individuals, communities, and organizations. People are now more aware of the importance of disinfecting surfaces that may harbor viruses and bacteria. Sales of disinfectants skyrocketed during the peak of the pandemic as households stocked up on cleaning supplies. Even post-pandemic, hygiene standards are expected to remain high. Public places like airports, malls, offices, hospitals, schools and more have strengthened their cleaning protocols. Regular disinfection of high-touch surfaces is becoming the new normal. This increased focus on hygiene and disinfection driven by the pandemic is a major driver boosting demand for various disinfectant products.

Major Opportunity: Expanding E-Commerce Channels for Disinfectants

During the pandemic, e-commerce emerged as a breakthrough sales channel for disinfectants and other cleaning essentials. With people hesitant to visit stores, online shopping for household items saw unprecedented growth. Even today, the convenience and safety of doorstep delivery is boosting the e-commerce popularity for disinfectants. Major industry players are strengthening their online business models and partnerships with e-tailers. There is immense scope for smaller brands also to leverage digital channels and reach wider customer segments. E-commerce provides opportunities to launch innovative disinfecting formats like ready-to-use sprays, automatic cleaning devices supported through video demos and interactive content. Consumers additionally get access to reviews and recommendations which aid purchase decisions. The rapid digitization of the past year has created massive potential for the e-commerce trajectory of disinfectants in the future.

Major Trend: Growing Demand for Multi-Surface Cleaning Formulations

Earlier, disinfectants were mostly designed to target specific microbes or surfaces. But consumers now seek convenient products that can eliminate a broad spectrum of germs from different household materials. There is rising preference for multi-surface disinfectant sprays and wipes that work on floors, countertops, doorknobs, electronics and more. They allow for fast and effective cleaning of entire homes with minimal effort. Manufacturers are responding to this demand through innovative formulations in liquid, gel and aerosol forms claiming disinfection of surfaces like wood, glass, metals and plastics. Moreover, ongoing research is helping develop multi-functional cleaners that sanitize as well as remove stains, odors and grease in one-step. Such user-friendly, multi-purpose disinfect

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Top Companies Included in This Report:

• 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.

Market Segmentation:

Based on Product Type:

• By Product Type: Oxidising Agents, Phenolic, Quaternary Ammonium Compounds, Aldehydes
• By End-Use Industry: Healthcare, Food & Beverages, Chemical Processing Industry, Others

Key Regions/Countries Classified as Follows:

» North America (U.S., Canada, Mexico)

» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)

» South America (Brazil, Argentina, Rest of SA)

» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

Latest Trends in the Navigation Disinfectants Market:

💡 Surging Demand: Witness a rising demand for navigation Disinfectants owing to the escalating usage of GPS-enabled devices and the imperative for precise, up-to-date mapping data.

💡 Innovations in Technology: Witness the emergence of novel technologies aimed at enhancing the precision and dependability of navigation Disinfectants, encompassing real-time traffic updates, 3D mapping, and augmented reality.

💡 Tailored Solutions for Diverse Industries: Companies are tailoring navigation Disinfectants solutions to cater to the distinct requirements of various sectors such as automotive, aviation, and maritime.

💡 Fusion with Emerging Technologies: Observe the integration of navigation Disinfectants with cutting-edge technologies like artificial intelligence and the Internet of Things, facilitating the provision of advanced functionalities.

💡 Rise of Mobile Applications: Experience the proliferation of navigation Disinfectants in the form of mobile applications, offering enhanced convenience and accessibility to users.

💡 Emphasis on Environmental Sustainability: Witness the development of navigation Disinfectants systems that consider environmental factors such as traffic congestion and air quality, fostering the provision of sustainable transportation alternatives.

Frequently Asked Questions (FAQs) for Global Navigation Disinfectants Market Research:

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Author Bio:

Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.

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