Report: Demand Rising for Environmentally-Friendly Disinfectants
A report from ResearchAndMarkets.com 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 percent and 19 percent 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 percent 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 also contains findings on:
- The global disinfectants market with respect to product compositions/sub-compositions, product types, applications and major end-use sectors
- The market size of each product composition, product type, application and end-use sectors of Disinfectants by a major geographic region/country
- The demand for environment-friendly disinfectants on an upswing
- Hospitals adopting the latest technologies for disinfecting environmental surfaces
The entire 414-page report is available here.