Disinfection Market Size, Share, Forecast 2022-2028
The global disinfection market size was valued at USD 33.9 billion in 2021 and is poised to grow at a significant CAGR of 6.5% during the forecast period 2022-28. Increase in the prevalence of hospital acquired infections coupled with outbreak of COVID-19 drastically increased the use of disinfecting agents across the globe. Moreover, rise in R&D activities for the launch of newer products, entry of start-ups into disinfectants manufacturing sector, and wide range of disinfectants available in the market are anticipated to burgeon the growth of market. In addition, players are focus to expand their business by collaborating with local distributors and online sales channels also immense boost to the market.
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Alcohol Segment Dominates the Disinfection Market
In 2020, the alcohol segment accounted for a larger revenue share and the segment is projected to grow with a moderate CAGR from 2022 to 2028. Alcohol acts by denaturation of proteins and provides strong bacteriostatic action. Moreover, low cost of products, favorable regulations, and launch of newer products during the COVID pandemic are a few factors that influence the segment growth. In addition, hydrogen peroxide expected to grow significantly over the forecast years due to increase in the usage of hydrogen peroxide for water disinfection developed and developing countries
North America Leads Global Disinfection Market
North America is expected to hold largest market share in the global disinfection market and the same trend is expected over the forecast period, owing to increasing rates of hospital-acquired infections, rise in number of surgical procedures and hospital admissions, and high awareness about the disinfection among the population. Europe is projected to grow at prominent growth rate over the forecast years attributed to launch of newer products by the market players coupled with increase in the adoption disinfecting chemicals by commercial and industrial sectors across Germany, France, Spain, UK, and other EU countries.
The global disinfection market is segmentation
- By Composition: Alcohols, Chlorine, Compounds, Quaternary Ammonium Compounds, Hydrogen Peroxide, Peracetic Acid, Other Compositions
- By Material: Plastic, Glass, Metal
- By Product Type: <100 ml, 100 ml - 500 ml, 500 ml - 1000 ml, >1000 ml
- By Material: Surface Disinfection, Wound Disinfection, Hand Disinfection
- By End-users: Hospitals & Laboratories, Households, Industrial & Commercial, Others
Key player’s profiles in the Disinfection market report BASF SE, Evonik Industries, P&G, The Clorox Company, 3M Company, Steris plc (Ireland), CarrollCLEAN (U.S.), GOJO Industries, Inc. (U.S.), The Clorox Company (U.S.), Metrex Research LLC. (U.S.), Diversey Holdings, Ltd. (U.S.), Ecolab Inc. (U.S.), S.C. Johnson & Son Inc. (U.S.), The Procter & Gamble Company (U.S.), Reckitt Benckiser Group PLC (U.K.), Tristel Plc (U.K.), and Paul Hartmann AG (Germany).
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