The global disinfectant chemicals market is poised for substantial growth, projecting a robust Compound Annual Growth Rate (CAGR) of 5% from 2022 to 2032. Anticipated to reach a staggering US$ 4 billion by 2032, this marks a significant expansion from the US$ 2.5 billion recorded in 2022. The escalating demand for disinfectant chemicals, driven by heightened awareness of hygiene and sanitation, particularly in healthcare and public spaces, is a key factor propelling this impressive market surge. As the world continues to prioritize health and safety measures, the disinfectant chemicals industry is primed for a dynamic decade ahead.
Disinfectant chemicals are gaining popularity due to the capacity to neutralize, regulate, or eradicate germs found on the inanimate objects or surfaces. As an outcome, research and diagnostic laboratories, hospitals, clinics, and hospitals demand these items in greater proportion. The usage has almost doubled after the outbreak of Covid-19. Also, the end-consumers have turned out to be all the more cautious regarding food- and water-borne infections caused through various viruses, bacteria, and parasites like salmonella, norovirus, cholera, and likewise.
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The ongoing trend is that of several start-ups coming up with alternatives to conventional chemical-based decontaminants that could be capable of cleaning microcavities as well. Vaporized hydrogen peroxide and aerosol are being looked upon as such alternatives. The recent ‘no-touch’ (automatic) decontamination techniques include pulsed-xenon UV light system, continuous generation of UV-C light, and high-intensity narrow-spectrum (405 nm) light. For example – Indra Water (India), which is highly experienced in handling even heavily contaminated wastewater, did upgrade their technology for building and creating VAJRA system to disinfect spaces as well as equipment for preventing infection through Covid-19.
At the same time, it needs to be noted that chemical disinfectants broadly used in poultry facilities, healthcare facilities, hospitals, food product manufacturing plants, abattoirs, sanitary services for killing germs causing diseases could have flammable and explosive properties aplenty. Various disinfectants are likely to react aggressively with various unrelated compounds and emit poisonous gases that could put the lives of employees in danger.
There are numerous ways through which chemical disinfectants could enter human body – inhalation, ingestion, and absorption through mucous membranes or skin. Also, extensive usage of hand sanitizers could cause irritation to the skin due to presence of chemicals like chlorhexidine, alcohol, triclosan, and chloroxylenol. Plus, chemicals such as sodium hypochlorite, on close contact with environment and humans, could prove to be detrimental in the long run. These factors may restrain the disinfectant chemicals market in the forecast period. Future Market Insights has walked through these findings with insights in its latest market study entitled ‘Disinfectant Chemicals Market’. The team of consultants and analysts is there to work upon macros and micros herein.
“With increasing applications of disinfectant chemicals in food & beverages’ processing, healthcare, plastic, and textile industries, the global disinfectant chemicals market is bound to grow on a splendid note in the forecast period”, says an analyst from Future Market Insights.
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Key Takeaways from Disinfectant Chemicals Market
- North America holds the largest market share. This could be attributed to increasing awareness regarding personal hygiene & health, cleanliness, rise in spending on healthcare, well-established healthcare infrastructure, and initiatives by governments of the US and Canada.
- Europe stands second on this count with government entities pushing for usage of disinfectant chemicals all over.
- Coming to the Asia-Pacific, countries like India and China are expected to rule the roost in the forecast period. This could be credited to a greater percentage of population contracting ventilator-associated pneumonia, central line-associated bloodstream infections, catheter-associated urinary tract infections, surgical site infection, and likewise.
- In MEA, call for effective sanitization is expected to bring about a drastic change in disinfectant chemicals market.
Competitive Chemicals
- DuPont Electronics & Imaging, in June 2019, did announce 3 novel chemistries for extending support to advanced semiconductor fabrication – DuPont EKC 590 CuSolve remover, EKC PCMP3210 cleaner, and EKC PCMP2110 cleaner.
- Diversey Holdings, Ltd., in December 2021, completed acquisition of Birko Corporation along with its subsidiary ‘Chad Equipment LLC’. The basic purpose was to strengthen the foothold all across Canada and the US.
Some of the key participants present in the global demand of the disinfectant chemicals market include DuPont, 3M, ABC Compounding Co., Inc., and Cardinal Health, Inc., among others.
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Key Segments Covered in the Disinfectant Chemicals Market Report
Type:
- Liquids
- Sprays
- Wipes
- Others
End User:
- Hospitals
- Households
- Food & Beverages
- Others
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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