Global Disinfectants Market by Product, by Formulation, by Region and Segment, Forecasts 2020–2026

Global Surface Disinfectant Market was valued at USD 832.8 Million in 2019, growing at CAGR of 8.02% during forecast period 2020–2026. Increasing prevalence of hospital-acquired infections (HAIs) due to lack of sanitation and precautions and growing usage of endoscope reprocesses and surgical units are the factors augmenting the market growth.

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Disinfectants are antimicrobial agents with the ability to destroy harmful microorganisms such as fungi, virus, and bacteria. There are various types of disinfectants available in the global market, which include oxidizing agents, phenolic, quaternary ammonium compounds, and aldehydes. Phenolic compounds are commonly used as disinfectant for environmental surfaces such as laboratory surfaces and non-critical medical devices including stethoscope, blood pressure cuffs, hospital beds, and furniture.

Furthermore, aldehydes such as glutaraldehyde and formaldehyde show a broad array of microbiocidal activity including fungicidal and sporicidal. They act by damaging bacterial nucleic acid. Glutaraldehyde is used commonly for disinfection of high-level medical equipment such as endoscopes, dialyzers, hemodialysis proportioning systems, respiratory therapy equipment, and dialysate delivery systems. However, application of formaldehyde in healthcare industry is low due to its irritating fumes and pungent odor.

Market Trends, Drivers, Restraints and Opportunity:

Growing demand for disinfectants from the industrial and hospital sectors is more likely to enhance the market growth in the forthcoming period. In addition, the disinfectants market is strongly dominated by the hospital sector which in turn triggers the patient influx
Market innovations such as effective marketing campaigns and consumer preferences are playing a crucial role in the forecast span. Moreover, the demand for soaps, liquids and sprays have been high in the recent years
Demand for professional sanitation in commercial sectors is more likely to enhance the market demand for disinfectants in the forecast span
Growing awareness for public hygiene and rise in cleaning standards significantly results in creating greater opportunities for market growth
However, availability of cheap substitutes with a high preference creates restriction for the market growth. Excessive use of disinfectants containing poisonous fumes might also hamper the human health which in turn limits the market demand