Press release
Disinfectants Industry Expected to Reach $9.66 Billion by 2029 at 11.7% CAGR
Disinfectants
Disinfectants Market Value Projection: How Much Will the Market Size by 2025?
In recent times, there has been a robust growth in the size of the disinfectants market. It is projected to increase from $5.71 billion in 2024 to $6.21 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.7%. The key factors contributing to this growth during the historic period include outbreaks of infectious diseases, the provision of healthcare facilities, adherence to food safety norms, and regulatory compliance.
What Will Be the Market Growth Forecat for Disinfectants in 2029?
In the coming years, the disinfectants market is anticipated to experience swift expansion. The market is predicted to reach a value of $9.66 billion in 2029, growing at a compound annual growth rate (CAGR) of 11.7%. The projected rise during the forecast period can be linked to global health crises, older population, augmented travel, and urbanization, not to mention green and sustainable procedures. The dominant trends during the forecast period are likely to be antimicrobial resistance (amr), distance disinfection technologies, personalized disinfection procedures, and disinfection services for homes.
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What Are the Core Competitive Drivers in the Disinfectants Industry?
The growth of the disinfectant market is anticipated to be fueled by escalating healthcare expenditures. The term 'healthcare spending' pertains to the total amount of funds allocated towards health-related activities, such as public and private health insurance, public health initiatives, and health research. As the spending on healthcare services rises, so does the demand for disinfectants in healthcare establishments, diagnostic labs, pharmaceutical firms, biotech companies, and research labs increase concurrently. For instance, the Centers for Medicare & Medicaid Services, a federal agency based in the U.S, revealed in their report published in December 2023 that the U.S. healthcare expenditure witnessed a hike of 4.1% in 2022, amounting to $4.5 trillion. This was an increase in pace compared to the 3.2% increment noticed in the previous year, 2021. Hence, the development of healthcare infrastructure is acting as a catalyst in the disinfectant market growth.
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Which Disinfectants Market Segment Is Projected to See the Fastest Growth?
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
Subsegments:
1) By Quaternary Ammonium Compounds: Benzalkonium Chloride, Alkyl Dimethyl Benzyl Ammonium Chloride, Dodecylbenzenesulfonic Acid, Other Quaternary Ammonium Compounds
2) By Peracetic Acid: Liquid Peracetic Acid, Stabilized Peracetic Acid Solutions
3) By Chlorine Compounds: Sodium Hypochlorite, Calcium Hypochlorite, Chlorine Dioxide, Sodium Dichloroisocyanurate
4) By Hydrogen Peroxide: Diluted Hydrogen Peroxide, Stabilized Hydrogen Peroxide
5) By Alcohols And Aldehyde Products: Isopropyl Alcohol, Ethyl Alcohol, Formaldehyde, Glutaraldehyde, Acetaldehyde
6) By Other Types: Iodophors, Phenolic Compounds, Biguanides, Citric Acid-Based Disinfectants
Which Trends Are Opening New Opportunities in the Disinfectants Market?
Leading firms in the disinfectants market, such as Lysol, are introducing new products like the Lysol Air Sanitizer to mitigate the dissemination of airborne pathogens that result in sickness. The Lysol Air Sanitizer, an EPA-approved sanitizing spray, eradicates up to 99.9% of airborne germs and bacteria, in addition to diminishing airborne odors. For instance, in June 2023, the US-based cleaning and disinfecting product producer, Lysol, rolled out the Lysol Air Sanitizer with the aim to obliterate air odors by exterminating odor-producing bacteria. The distinctive formula of the Lysol Air Sanitizer comprises active molecules with hygroscopic properties, allowing these molecules to bind with air-suspended microorganisms. Upon binding, these molecules compromise the structural membrane of the microorganism, ultimately demolishing it.
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Who Are the Leaders in the Disinfectants Market?
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
Which Regional Disinfectants Markets Offer the Greatest Growth Potential?
Asia-Pacific was the largest region in the disinfectants market in 2024. Western Europe was the second-largest region in the global disinfectants market. The regions covered in the disinfectants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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