Global Disinfectants And Environment Management Services Is Fastest Growing Segment Fueling The Growth Of Disinfectants Market

Disinfectants Market 

 


The global disinfectants Market is estimated to be valued at US$ 11847.61 Mn in 2023 and is expected to exhibit a CAGR of 6.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market Overview:


Disinfectants help remove or kill pathogens and other harmful microorganisms. They are widely used for environmental disinfection of surfaces, equipment and buildings in industries such as healthcare, food & beverage industry and hospitality sector to prevent the spread of infections and ensure hygiene.


Market key trends:


The increasing incidents of hospital acquired infections caused due to surgical site infections in developing countries are propelling the demand for disinfectants in healthcare sector. As per estimates, over 5% of patients in developed countries and over 10% of patients in developing countries acquire infections while receiving care in hospitals. This has increased the adoption of environment management services and disinfectants to disinfect hospital surfaces and equipment to prevent spread of infections. Furthermore, growing awareness about hygiene and sanitization amid COVID-19 pandemic has catalyzed the usage of disinfectants in commercial and residential applications for surface disinfection.

Segment Analysis



The global disinfectants market is segmented on the basis of type, form, end use and region. Based on type, the market is segmented into quaternary ammonium compounds, alcohols, hydrogen peroxide, chlorine compounds and others. The quaternary ammonium compounds segment dominates the market and accounts for over 30% of the total market share. This is attributed to the wide application of quaternary ammonium compounds based disinfectants in household cleaning as well as for disinfecting hard surfaces in hospitals and other commercial places.


Key Takeaways



The Global Disinfectants Market Size is expected to witness high growth, exhibiting CAGR of 6.9% over the forecast period, due to increasing health awareness and stringent regulations regarding hygiene and cleanliness.

Regional analysis:
Asia Pacific region is expected to grow at the fastest rate during the forecast period. This is attributed to increasing healthcare expenditure, growing middle class population and changing lifestyle in developing countries such as India and China. North America currently dominates the global disinfectants market with over 30% market share.

Key players:
Key players operating in the disinfectants 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, and Reckitt Benckiser Plc. The Clorox Company holds the largest market share of around 15% in the global market and offers various kinds of disinfectants under its brands like Clorox and Pine-Sol.

 

Read More - https://www.pressreleasebulletin.com/disinfectants-market-share-size-analysis-growth-and-demand-forecast/

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