The global Disinfectant Products market is forecasted to reach USD 30.11 Billion by 2027, according to a new report by Reports and Data. The market for disinfectant products is growing due to the increase in the number of hospital-acquired infections, and also growth in contagious virus-related diseases. The advancement in technology and awareness among the public has led to an increase in the number of surgical operations, which in turn is driving the demand for the market.
Strict legislative guidelines, such as the Affordable Care Act, have forced hospitals administrative to maintain clean facilities. The recent outbreak of COVID-19 has led organizations to understand the necessity for healthcare facility cleanliness and disinfection. The global spending on healthcare is rising steadily. It was USD 7.8 trillion in 2017 or about 10% of GDP and USD 1,080 per capita. Development of alternatives of disinfectant are also challenging the market growth. Innovative technologies are being developed as a substitute to manual cleaning.
Top Companies Profiled in the Report: Reckitt Benckiser Group plc, 3M, Kimberly-Clark Corporation, Cardinal Health, Bio-Cide International, Inc., Novartis AG, Johnson and Johnson, BD, STERIS Plc, and Procter and Gamble, among others.
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The COVID-19 impact: Coronavirus is having a major impact in the disinfectant industry. The increasing demand for sanitizers and disinfectants as a preventive measure against COVID-19 has resulted in changing the dynamic of the market. The products are flying off the racks as they are being stockpiled, and manufacturers have started production in large quantities to meet the requirements of the consumers. The demand has surged exponentially, and the market will face a steady demand even when the impact of COVID-19 has reduced.
The Disinfectant Products market research report highlights the major regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. It elaborates on various aspects these regional markets, such as shifting consumer tastes & preferences, fluctuations in supply & demand, changing production & consumption patterns, and revenue growth rate of each market. In addition, the report analyzes the current position of each player in the Disinfectant Products market leveraging various analytical tools such as Porter’s Five Forces analysis, SWOT analysis, and Capacity Utilization analysis.
Type Outlook (Revenue, USD Billion; 2017-2027)
- Chlorine Compounds
- Enzymes
- Quaternary Ammonium Compounds
- Alcohols & Aldehyde Products
- Others
Product Type Outlook (Revenue, USD Billion; 2017-2027)
- Medical Device Disinfectants
- Enzymatic Cleaners
- Surface Disinfectants
End Users Outlook (Revenue, USD Billion; 2017-2027)
- Hospitals
- Clinics
- Others
To know more about the report @ https://www.reportsanddata.com/report-detail/disinfectant-products-market
The materials & chemicals industry consists of companies that engage in the manufacture of a wide range of industrial and commercial products using various chemicals and raw materials such as oil, natural gas, metals, and minerals. Growing demand for consumer products such as soaps, perfumes, detergents, extensive usage of chemicals and raw materials in industries including buildings & construction, food & beverage, and agriculture, and increasing demand for environmentally sustainable raw materials and chemicals are among the key drivers for the industry growth. Rising environmental awareness, technological advancements in various chemical products, development of organic chemicals and materials, growing use of high-performance agrochemicals and specialty chemicals are other major factors bolstering the growth of this industry.
Frequently Asked Questions (FAQs):
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