Insights into the Worldwide Disinfectants Industry to 2030 - Identify Growth Segments for Investment - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Disinfectants Global Market Report 2020-30: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering.

This report provides the strategists, marketers and senior management with the critical information they need to assess the global disinfectants market.

The global disinfectants market is expected to grow from $0.66 billion in 2019 to 0.78 billion in 2020 at a compound annual growth rate (CAGR) of 17.2%. The markable growth is mainly due to the COVID-19 outbreak and the measures to contain it. Coronavirus infection is transmitted in most instances through contact with contaminated surfaces/objects. The virus gets easily inactivated by chemical disinfectants, increasing the demand has significantly. The market is then expected to stabilize and reach $1.04 billion in 2023 at CAGR of 10.02%.

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North America was the largest region in the disinfectants market in 2019. Asia-Pacific is expected to be the fastest growing regions in the forecast period.

Disinfectant service providers are using the drone to spray the disinfectant solutions without using humans to reduce the spread of infection from the contaminated area. In China, several drone manufacturer has modified their agricultural drone models, which were originally intended to spray crops with pesticides, to spray disinfectant. Over large areas can be disinfected with ease and effective way.

A saturated market of developed economies is expected to limit the growth of the disinfectant market. In recent years, the developed countries are using the same quantity of disinfectant solutions as previous years. Due to the stabilized consumption, the growth rate in developed markets is expected to decline when compared to the growth of disinfectants in the emerging market. Inadequate change in the market hampers the disinfectant market.

In March 2019, Innovative chemical products acquired benefect for an undisclosed amount. The acquisition is expected to strength the ICP BSG's family. Benefect is founded in year 2006 and leading supplier of hospital disinfectant using essential oils from plants.

Rising occurrence of hospital-acquired infections increased spending on disinfectant solutions globally and this factor contributed to the global disinfectant market's growth. Patients some times get cured in hospitals but however get infected by other diseases in hospitals itself, this is called Hospital-acquired infections (HAI). According to the world health organization (WHO), in Europe, nearly 41.31 lakhs patients are infected by approximately 45.441 lakhs episodes of healthcare-associated infections every year. The increase in safety towards patients in hospitals has boosted the spending on disinfecting solutions which resulted in the growth of the disinfectant market.

Key Topics Covered:

1. Executive Summary

2. Disinfectants Market Characteristics

3. Disinfectants Market Size And Growth

3.1. Global Disinfectants Historic Market, 2015 - 2019, $ Billion

3.1.1. Drivers Of The Market

3.1.2. Restraints On The Market

3.2. Global Disinfectants Forecast Market, 2019 - 2023F, 2025F, 2030F, $ Billion

3.2.1. Drivers Of The Market

3.2.2. Restraints On the Market

4. Disinfectants Market Segmentation

4.1. Global Disinfectants Market, Segmentation By Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

4.2. Global Disinfectants Market, Segmentation By End User Type, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

5. Disinfectants Market Regional And Country Analysis

5.1. Global Disinfectants Market, Split By Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

5.2. Global Disinfectants Market, Split By Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, $ Billion

Companies Mentioned

• 3M Company
• Johnson & Johnson
• Reckitt Benckiser Group PLC
• Bio-Cide International Inc.
• Cardinal Health
• Steris Corporation
• Procter & Gamble
• Kimberly-Clark Corporation
• Novartis AG
• BD
• Abc Compounding
• Advanced Sterilization Products
• American Biotech Labs
• Angelini Pharma Inc.
• Becton
• Dickinson And Company
• Nufarm Limited and Carefusion Corp
• Cantel Medical
• The Clorox Company
• Ecolab
• Diversey, Inc
• CarroLLClean
• Whiteley Corporation
• Gojo Industries, Inc
  

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