Potential Risks from Epidemics, Drug-Resistant Viruses and the Resulting Focus on Safety, Health, and Sanitation Drives Demand for Disinfectants
The
global market for Disinfectants is projected to reach US$8.0 billion by 2024,
driven by potential risks from disease outbreaks, the rising need to address
drug-resistant germs and inexplicable viruses, and growing demand for
eco-friendly green disinfectants.
Disinfectants eliminate or inactivate
viable pathogenic organisms and prevent proliferation of microorganisms
including several types of disease-causing microbes such as bacteria, fungi and
viruses. While cleaning removes most microorganisms, it often fails to kill
harmful pathogens, leaving scope for contamination at critical points. Rather
than covering all situations and surfaces, disinfection is used at critical
points where growth of harmful pathogens can jeopardize quality or safety of
man, machines, and medical devices. The global market for disinfectants is on a
growth path, encouraged by rising concerns associated with the spread and
impact of outbreaks of swine flu, MRSA, Ebola, Zika, and avian flu in recent
years and other infectious diseases across the world and the resulting focus on
the aspect of hygiene, health, and sanitation.
Future growth in the market will be
driven by the rising need to address drug-resistant germs, and inexplicable
viruses; and growing concerns about healthcare associated infections (HAIs) in
healthcare settings. Sanitizing and disinfection of clinical devices and
surfaces is one of the major end-use segments for disinfectants with
alcohol-based disinfectants being the largest category used in healthcare
settings. Growing prominence of eco-friendly ‘Green’
disinfectants and ultraviolet (UV) disinfection is poised to promote market
expansion in the near term. Green disinfectants are produced using renewable
and natural ingredients and are non-hazardous, non-toxic and biodegradable in
nature, while UV disinfection provides an established, effective and scalable
option for safeguarding clinicians and patients against infection.
Disinfectants market is also expected to
benefit from technological advancements that employ natural resources to
destroy harmful pathogens in addition to other innovations such as disinfection
robots and self-disinfecting surfaces. While demand for disinfectants is
surging globally, there are however challenges that restrict growth of the
market. Certain disinfectants such as glutaraldehyde and formalin though
effective in eliminating bacteria are toxic. Occupational exposure to such
chemicals is highly hazardous, and appropriate precautions as well as
protective apparel are critical.
As
stated by the new market research report on Disinfectants, the United States represents the largest
market worldwide, closely followed by Europe. Stringent regulations, strong
demand from the healthcare industry, and steady launch of innovative solutions
represent key factors driving growth in these matured markets. The unpenetrated
and underpenetrated markets in Asia-Pacific, Middle East, and Latin America
represent important growth markets. Asia-Pacific ranks as the fastest growing market worldwide with a CAGR
of 10.3% over the analysis period. China and India
represent the two major Asian countries with the highest potential driven by burgeoning manufacturing sectors and increasing focus on hygiene, health and better standards of
living.
Key players in the market include 3M
Company, ABC Compounding Co. Inc., Arrow Solutions, Arrow-Magnolia International
Inc., Avmor, Betco, Diversey Inc., DR.SCHNELL Chemie GmbH, E. I. DuPont De
Nemours and Company, Ecolab G.K., Ecolab Inc., Kao Corporation, Lion
Corporation, Metrex Research LLC, National Chemical Laboratories Inc.,
PortionPac Chemical Corporation, Prestige Brands Inc., Procter & Gamble
Co., Reckitt Benckiser Group plc, SC Johnson & Son Inc., Spartan Chemical
Co. Inc., STERIS plc, The Clorox Company, Unilever Plc, Zep Inc., among others.
The research report titled “Disinfectants
– Market Analysis, Trends, and Forecasts” announced by Global Industry Analysts Inc., provides a
comprehensive review of market trends, growth drivers, product overview,
product launches, and strategic corporate developments of key players. The
report provides market estimates and projections for all major geographic
markets including the United States, Canada, Japan, Europe (France, Germany,
Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and
Rest of Asia-Pacific), Middle East & Africa, and Latin America (Brazil and
Rest of Latin America). Key product segments analyzed include Aerosol and
Non-Aerosol Disinfectants. Major end-use markets analyzed include Industrial
& Institutional, Healthcare, and Consumer Applications.
Global Industry Analysts, Inc. 6150 Hellyer Ave., San Jose
CA 95138, USA, All Rights Reserved.
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