PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1503317
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1503317
According to Stratistics MRC, the Global Disinfectants Market is accounted for $57.34 billion in 2024 and is expected to reach $81.85 billion by 2030 growing at a CAGR of 6.11% during the forecast period. Chemical agents known as disinfectants are made to kill or deactivate microorganisms on inert surfaces, thereby stopping the spread of illnesses and infections. They function by dissolving the cell walls of pathogens such as bacteria, viruses, fungus, and others, making them inert. Aldehydes, alcohols, quaternary ammonium compounds, and chlorine compounds are examples of common disinfectants. Moreover, each type has a unique range of efficacy and application techniques, and they are frequently utilized to preserve safety and hygienic conditions in public areas, laboratories, and healthcare settings.
According to the Centers for Disease Control and Prevention (CDC), regular and proper use of disinfectants is crucial in maintaining public health and preventing the spread of infectious diseases.
Enhanced hygiene awareness
Campaigns for public awareness have greatly expanded people's understanding of the importance of hygiene in illness prevention. Workplaces, community organizations, and schools frequently place a strong emphasis on frequent hand washing and surface cleaning. Additionally, the increased awareness has resulted in a steady demand for disinfection products in public spaces such as offices and homes. Global health events and social media also contribute to the rapid and widespread dissemination of information, raising public awareness and demand.
Environmental and health issues
Disinfectants are essential for preserving cleanliness, but many of them contain chemicals that, if misused, could be harmful to your health. Compounds such as formaldehyde, bleach, and ammonia can irritate the skin, cause respiratory problems, and cause other health problems. Extended exposure to these substances may result in more serious health effects. Furthermore, these substances have a substantial negative influence on the environment as well; they can poison water sources and endanger wildlife.
Growth of natural and eco-friendly disinfectants
Research and development expenditures are high when it comes to creating sophisticated, environmentally safe disinfectants. These expenses are frequently transferred to customers, driving up the price of these products relative to conventional disinfectants. The higher cost may be deterrent for many consumers and businesses, particularly in developing nations, which would restrict the uptake of these cutting-edge solutions. Moreover, particularly in price-sensitive areas and segments, this price sensitivity may limit market expansion.
Disruptions to the supply chain
Raw materials, production, and distribution in the disinfectant market are facilitated by an intricate worldwide supply chain. Natural disasters, geopolitical unrest, or pandemics can all cause supply chain disruptions that can have a significant negative influence on disinfectant availability and cost. Delays in production and higher costs may result from shortages of essential ingredients or logistical issues. Additionally, a market's ability to consistently meet demand may be hampered by its reliance on global supply chains, which leaves it open to external shocks.
The market for disinfectants has been greatly impacted by the COVID-19 pandemic, which has resulted in an unparalleled increase in demand for disinfectant products for both consumers and institutions. The necessity of routine cleaning and disinfection to stop the virus's spread has increased demand for products in homes, offices, public areas, and healthcare facilities. Furthermore, demand growth has sparked innovation and increased production capacity, but it has also brought attention to supply chain weaknesses and increased regulatory oversight to guarantee product efficacy and safety.
The Liquid segment is expected to be the largest during the forecast period
In the disinfectant market, the liquid segment usually holds the largest share. Because of their adaptability, simplicity of use, and efficacy, liquid disinfectants are extensively utilized in a variety of settings. For hand hygiene and surface disinfection, they are frequently used in homes, public areas, and healthcare facilities. Moreover, they have a dominant position in the market because of their capacity to create liquids with a wide range of antimicrobial qualities and because they work well in large-scale spraying and cleaning systems.
The Surface Disinfectants segment is expected to have the highest CAGR during the forecast period
Surface disinfectants are usually the segment in the disinfectants market with the highest CAGR. The increased emphasis on maintaining hygiene and halting the spread of infectious diseases-especially in the wake of the COVID-19 pandemic-has led to a sharp increase in the market for surface disinfectants. Additionally, these products are widely used to sanitize frequently touched surfaces, like countertops, doorknobs, and medical equipment, in commercial spaces, public areas, and homes.
Due to its major market players, stricter regulations, and increased awareness of hygiene, North America accounted for the largest share of the global disinfectant market. The region's dominant position was largely attributed to its strong healthcare infrastructure and the rising demand for disinfectants in healthcare facilities. Furthermore, the rise in infectious disease outbreaks like COVID-19 has increased demand for disinfectants in a number of industries, including residential, hospitality, and healthcare.
The disinfectant market is expected to grow at the highest CAGR in the European region. Numerous factors contributed to the region's growth, such as growing concerns about healthcare-associated infections (HAIs), stricter regulations, and increased recognition of the significance of sanitation and hygiene. The demand for disinfectants has been fueled by Europe's sophisticated healthcare infrastructure and a pro-active approach to infection control in healthcare settings. Moreover, the COVID-19 pandemic has expedited the implementation of disinfection protocols in diverse industries, such as healthcare, hospitality, and public areas.
Key players in the market
Some of the key players in Disinfectants market include Kimberly-Clark Corporation, Cantel Medical Corp., Ecolab, Inc., 3M Company, Medalkan, Evonik Industries AG, Becto, Inc., GESCO Healthcare Pvt. Ltd., Pharmax Pharmaceuticals FZ-LLC, Reckitt Benckiser Group PLC, Metrex Research LLC, BASF SE, Cardinal Health, Inc., Lonza Group AG, Medline Industries, Inc., Steris Corporation and The Clorox Company.
In April 2024, BASF has recently inked a significant 15-year contract with ENN Energy, marking a pivotal step in their collaborative journey towards cleaner energy solutions. The agreement entails the procurement of natural gas by BASF for its Zhanjiang Verbund site, emphasizing the strategic importance of sustainable energy practices in their operations.
In March 2024, 3M and HD Hyundai Korea Shipbuilding & Marine Engineering (KSOE) have signed a joint research project agreement to develop large liquid hydrogen storage tanks using Glass Bubbles from 3M - a high-strength, low-density hollow glass microsphere. The collaborative research will focus on developing a high-performance vacuum insulation system for liquified hydrogen storage and transportation.
In March 2024, Kimberly-Clark and integrated energy solutions company, Energy Partners (EP), have signed a long-term Power Purchase Agreement (PPA) to install one of the largest rooftop solar photovoltaic (PV) systems in Cape Town, South Africa. According to the terms of the agreement, EP will install a 2.2MW rooftop system at Kimberly Clark's Epping manufacturing site of well-known brands Huggies(R) and Kotex(R).
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.