Double-Digit Growth in Healthcare Facilities and Households Bolstered the Demand for Global Disinfectants during COVID-19 Pandemic and thereby to Surpass $6 Billion by 2026 – Market Research Report (2017-2026) by Industry Experts, Inc.
Thursday 28 Oct 2021
Industry Experts, Inc. introduced the new market research report on Disinfectants. The new global report entitled "Global Disinfectants Market – Compositions, Types, Applications and End-Use Sectors" reveals that the demand for disinfectants in Healthcare Settings and Households lead the global market during the pandemic with double digit growth rates of 17% and 19% respectively in 2020 compared to 2019.
Disinfectants will play a major role in alleviating the situation, the market demand for which is expected to maintain a growing trend. Most of the requirement would be satisfied by Liquid Disinfectants, which are easy to use and can be replenished without any complications. Another factor to be noted is the growing demand for Bio-Based Disinfectant products, the market size of which is quite small compared to their chemical counterparts, but the same is gaining in terms of increased market penetration.
While demand for Disinfectants was weak in Commercial Establishments and Industrial Units, there was a robust demand in Healthcare Facilities and Households segments. In the healthcare segment, increased intensity and frequency of cleaning and sanitization, as well as the use of higher performance disinfectants for use against the coronavirus drastically increased the demand for Disinfectants in 2020. Demand is expected to drop in 2021, however, as healthcare utilization rates return to more normalized levels. Households is the best performing segment for the Disinfectants in 2020, registering a YOY growth of over 19% worldwide. Sales of household disinfectants was robust as consumers used cleaners and disinfectants like never before driven by fear of contracting COVID-19. Overall market for Disinfectants is estimated to reach US$4.8 billion in 2021 and thereby to surpass US$5 billion in 2022.
The market for composition types/sub-compositions analyzed in this study include Bio-Based Disinfectants; and Chemical-Based Disinfectants – Alcohols Aldehydes, Oxidizing Agents, Phenolic Compounds, Quaternary Ammonium Compounds (QACs) and Other Chemical-Based Disinfectants. Disinfectant product types market studied in this report comprise Liquids, Sprays and Wipes. The report examines the market for applications of Disinfectants including Instrument Disinfection and Surface Disinfection. The study also explores the market for end-use sectors of Commercial Establishments, Healthcare Settings, Households and Industrial Units.
The report reviews, analyzes and projects the Disinfectants market for global and the regional markets including North America, Europe, Asia-Pacific, South America and Rest of World. These regional markets further analyzed for 15 independent countries across North America – the United States, Canada and Mexico; Europe – France, Germany, Italy, Russia, Spain and the United Kingdom; Asia-Pacific – China, India, Japan and South Korea; and South America – Argentina and Brazil.
This 414 page global Disinfectants market report includes 314 charts (includes a data table and graphical representation for each chart), supported with meaningful and easy to understand graphical presentation, of market numbers. The statistical tables represent the data for the global market value in US$ by geographic region, product composition/sub-composition, product type, applications and end-use sectors. This study profiles 19 key global players and 28 major players across North America – 16; Europe – 7; and Asia-Pacific – 5. The report also provides the listing of the companies engaged in the manufacturing and supply of Disinfectants. The global list of companies covers addresses, contact numbers and the website addresses of 154 companies.
California, USA based Industry Experts, Inc. is a multi-industry focused market research provider.
For more details, please visit: https://industry-experts.com/verticals/healthcare-and-pharma/global-disinfectants-market