Disinfectant Chemicals Market Size 2021 with a CAGR Research by Business Opportunities, Top Companies data report covers, Market-specific challenges, Progression Status
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