Global Disinfectants Market is Estimated to
Witness High Growth Owing to Increasing Awareness About Hygiene

The
disinfectants market is estimated to be valued at US$ 30 Mn in 2022 and is expected to exhibit a CAGR of 6.0% over the forecast period 2020-2027, as highlighted in
a new report published by Coherent Market Insights.



Market Overview:

The disinfectants market comprises various products that are used to eliminate
or reduce the presence of pathogens on surfaces. These products find extensive
application in healthcare settings, food processing facilities, and household
cleaning. Disinfectants are essential in maintaining proper hygiene and
preventing the spread of infections. They are widely used in hospitals,
clinics, and laboratories to disinfect medical equipment, surfaces, and
instruments. Additionally, the increasing consumer awareness about the
importance of cleanliness and hygiene in light of the COVID-19 pandemic has
also fueled the demand for disinfectants. The market offers a wide range of
products such as sprays, wipes, liquids, and gels, among others, to cater to
different cleaning requirements.



Market Dynamics:

The disinfectants market is driven by two key factors. Firstly, the increasing
awareness about hygiene and the need to maintain cleanliness in both
residential and commercial settings are expected to drive market growth. The
ongoing COVID-19 pandemic has further escalated the demand for disinfectants,
leading to a surge in sales. Secondly, the growing demand in healthcare
settings, including hospitals, clinics, and laboratories, is fueling market growth.
Healthcare facilities require effective disinfectants to maintain stringent
hygiene standards and prevent the spread of infections among patients and
healthcare workers. The market is witnessing the introduction of innovative
products that provide superior disinfection and offer convenience in
application. However, regulatory restrictions and the availability of
eco-friendly alternatives may hinder market growth to some extent. Overall,



SWOT Analysis:



Strength:

- The disinfectants market is expected to witness high growth due to the
increasing demand for disinfectants in various sectors such as healthcare, food
and beverage, and household cleaning.

- The market is driven by growing awareness about the importance of cleanliness
and hygiene, especially in the wake of the COVID-19 pandemic.

- Key players in the market have a strong presence and offer a wide range of
disinfectant products.



Weakness:

- The disinfectants market is highly competitive, with several major players
vying for market share. This can lead to price wars and decreased profit
margins.

- The market is also susceptible to fluctuations in raw material prices, which
can impact the profitability of disinfectant manufacturers.



Opportunity:

- There is a growing demand for eco-friendly and sustainable disinfectant
products, presenting an opportunity for manufacturers to develop and market
environmentally friendly alternatives.

- Increasing government regulations and standards regarding cleanliness and
hygiene in various industries create opportunities for disinfectant
manufacturers to expand their market presence.



Threats:

- The market faces the threat of substitute products and technologies that may
offer alternative methods of disinfection, such as UV light disinfection or
antimicrobial coatings.

- The COVID-19 pandemic has led to a surge in demand for disinfectants, but as
the situation normalizes, the market may experience a decline in demand.



Key Takeaways:



The global Disinfectants
Market Size is expected to witness high growth, exhibiting a CAGR of
6.0% over the forecast period from 2020 to 2027. This growth is driven by
increasing awareness about cleanliness and hygiene, especially in the
healthcare sector.

In terms of regional analysis, North America is the fastest-growing and
dominating region in the disinfectants market. The region has a
well-established healthcare infrastructure and stringent cleanliness standards,
which drive the demand for disinfectant products.

Key players operating in the disinfectants market include Solvay S.A., Unilever
Group, Evonik Industries AG, 3M Company, Procter & Gamble Corporation,
dowdupont Inc., Lanxess AG, BASF S.E., The Clorox Company, and Reckitt
Benckiser Plc. These companies have a strong market presence and offer a wide
range of disinfectant products to cater to various industries.

Read more @ https://www.marketwebjournal.com/rising-awareness-about-hygiene-to-drive-the-disinfectants-market-demand/