Disinfectant Chemicals Market 2022 Size, Share, Business Growth, Revenue, Trends, Demand Penetration and Forecast 2030

Market Synopsis

According to the MRFR analysis, the Global Disinfectant Chemicals Market size was valued at around USD 5 Billion in 2019 and is expected to reach approximately USD 7.2 Billion by the end of 2027 at a CAGR of 5%.

Disinfectant chemicals are the chemicals that are used to kill or deactivate the microbes, such as bacteria, viruses, fungi, micro-bacteria, and spores. Chemicals, such as alcohols, aldehydes, quaternary ammonium compounds, hydrogen peroxides, and chlorine compounds, are widely used in various end-use applications that include hospitals, clinics, laboratories, and household cleaners.

The growing prevalence of healthcare-associated infections (HAIs) and an increase in healthcare expenditure across the world are some of the factors which are expected to propel the growth of the global disinfectant chemicals market. Furthermore, due to the COVID-19 pandemic crisis, the disinfectant chemicals have witnessed a spike in demand in the fiscal year 2020. However, due to the national and regional lockdown, the production and supply chain is adversely impacting the growth of the global market.

Competitive Landscape

The global disinfectant chemicals market is fragmented with the presence of numerous global, regional, and local players. Manufacturers focus on the development of new technologies to maintain the quality of their products and expanding their production capacity to maintain supply-demand balance. Furthermore, producers are increasingly focusing on a strategic alliance with stakeholders to gain maximum market share in the global market. For instance, in March 2020, Arkema, one of the leading chemical companies, has repurposed its alcohol-based production line with a capacity of 20 tons per week.

Segmentation

By Composition

This segment is divided into chlorine and derivatives, quaternary ammonium compounds, phenolic compounds, alcohols and aldehydes, formalin, and other compounds.

Chlorine and derivatives are expected to witness notable growth during the forecast period in terms of volume. These compounds are inexpensive and hence used widely in a disinfectant solution to kill microbes.

Quaternary ammonium compounds (QACs or quats) is projected to be the fastest-growing segment during the assessment period. This is due to rising inclinations of manufacturers on the development of QAC-based disinfectants.

Phenolic compounds are expected to witness healthy growth during the forecast period as it is widely used as disinfectant chemicals in low concentration.

Alcohols and aldehydes hold the largest market share in the global disinfectant chemicals market. Alcohols are used widely as a general disinfectant in 70-80% concentrations to kill bacteria and viruses. Aldehydes have a broad range of biocidal activity and are effective on the surface as well as space decontamination.

Formalin is expected to witness moderate growth due to the growing adoption of low toxic disinfectants.

The others segment includes halogens, hydrogen peroxides, biguanides, alkalis, etc.

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By Type

This segment is further segmented into air disinfectants, water disinfectants, and surface disinfectants.

Water disinfectants hold the largest share of the global disinfectant chemicals market. They are widely used to control HAIs in the hospital premises and households.

Surface disinfectants is projected to be the fastest-growing segment during the assessment period. This is attributed to the growing demand for surface-based disinfectants to disinfect medical devices and in-house surfaces.

The air disinfectant segment is expected to witness moderate growth during the forecast period. This is due to the slower adoption of air-based disinfectants and the formation of aerosols.

By End-User

This segment is further segmented into hospitals, clinics, research and diagnostic laboratories, and others.

The hospital segment holds the largest share of the global disinfectant chemicals market owing to the growing prevalence of HAIs in hospitals and stringent regulations on the use of disinfectants in the hospitals.

The clinics segment is expected to witness moderate growth in the assessment period due to the rising concern over HAIs and the growing demand for disinfectants to clean medical devices.

The research and diagnostic laboratories segment is expected to witness the fastest growth in the global disinfectant chemicals market owing to the rising investments in industries such as biotechnology and pharmaceutical globally.

The others segment includes households, food and beverage industry, and institutions such as schools, colleges, and malls.

By Region

North America: Market growth is driven by the rising per capita healthcare expenditure and the growing prevalence of HAIs

Europe: Stringent healthcare regulations and a large number of geriatric populations

Asia-Pacific: The largest and fastest-growing regional market

Latin America: Growing prevalence of HAIs is fueling the demand for disinfectant chemicals in Latin America.

Middle East & Africa: Rising awareness and government expenditure on healthcare infrastructure is fueling the demand for the disinfectant chemicals in the region.

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