Disinfectant Chemicals Market | 3M (US), Cantel Medical (US), STERIS plc (US), Akzo Nobel NV (Netherlands)

 Disinfectant Chemicals Market Overview 

According to global market trends and analysis of the market investors and business chiefs, Disinfectant Chemicals Market was valued at around USD 5 Billion in 2019 and is projected to reach USD 7.2 Billion by 2027 at a CAGR of 5%.

Disinfectant chemicals are substances used to control, kill, or deactivate the pathogenic microorganisms on any inanimate object or surface. Numerous disinfectants are available in the market, including chlorine and derivatives, quaternary ammonium compounds, phenolic compounds, alcohols and aldehydes, and many more. They have been widely used worldwide to prevent and kill infectious diseases in hospitals and clinical premises.

The critical factor that helps drive the growth of the disinfectant chemicals market is the growing prevalence of healthcare-associated infections (HAIs), growing healthcare investments by government bodies across the globe, and the rising geriatric population in developed economies. Favorable government legislation has forced hospital authorities to ensure sanitation in their facilities. However, the market is witnessing the growth of factors such as the availability of alternative technology, such as UV radiation, which is likely to hamper the growth of the disinfectant chemicals market during the ongoing forecast period.

Furthermore, the concept related to disinfectant chemicals has witnessed a sudden upsurge in sales globally due to the outbreak of COVID-19. With the increasing number of cases and deaths worldwide, consumers and end-users are taking prudent measures to prevent the spread of this virus, thereby increasing the consumption of disinfectant chemicals worldwide.

 

Market Segmentation 

The disinfectant chemicals market has been segmented to meet the rising needs of the global target audience spread in various global locations. The market segmentation is discussed as follows:

By Composition

Chlorine and derivatives

Quaternary ammonium compounds

Phenolic compounds

Alcohols and aldehydes

Hydrogen peroxide

Others

By Type

Air disinfectants

Water disinfectants

Surface disinfectants

By End-User

Hospitals

Clinics

Research and diagnostic laboratories

Others

 

Regional Analysis 

As a participating region for the disinfectant chemicals market, the North American region is driven by the presence of extensive healthcare infrastructure and an increase in the prevalence of HAIs in Canada. The market in Europe is projected to witness a demand for disinfectant chemicals due to the rising geriatric population, a large number of healthcare service programs, and mandatory use of disinfectants by government bodies, such as EPA. The Asian Pacific region is the fastest-growing regional market on account of the growing healthcare expenditure in the region. The growth potential is maximum in emerging economies, such as India, China, Thailand, and others.

 Some players that are contributing towards the global market growth and are expecting an extraordinary amount of returns during the ongoing forecast period are as follows:

Akzo Nobel NV (Netherlands)

Evonik Industries AG (Germany)

Betco (US)

Ecolab (US)

The Clorox Company (US)

Johnson & Johnson (US)

Steris Corporation (US)

Industry News

The expanding demand for disinfectant chemicals market during the ongoing forecast period is rising due to the increasing focus on improving healthcare facilities and rising awareness among the end-users. The Latin American market is projected to witness significant demand for disinfectant chemicals due to the growing prevalence of HAIs in the region.