The global Disinfectants Market was valued at US$ 28,380 Million in 2017, according to Disinfectants Market Report, By Product Type (Oxidizing Agents, Phenolic, Quaternary Ammonium Compounds, Aldehydes), By End-Use Industry (Healthcare, Food & Beverages, Chemical Processing Industry and Others), published by Coherent Market Insights. The Disinfectants is projected to reach US$ 41,955.6 by 2025, exhibiting a CAGR of 5.2% during the forecast period.
High prevalence of infectious diseases and increasing demand for the disinfectants from healthcare industry is fuelling growth of the global disinfectants market. According to the guidelines provided by various regulatory bodies such as Food and Drug Administration (FDA), Centers for Disease Control and Prevention (CDC), Environmental Protection Agency (EPA), World Health Organization (WHO), and others state that incidence of infectious diseases is caused due to insufficient disinfection and that one of the methods for prevention of infectious disease is by proper disinfection.
For instance, according to the Center for Disease Control and Prevention (DCD) guidelines, environmental surface disinfection is supported by clinical, epidemiologic, or experimental studies and is significant to control infections due to vancomycin intermediate resistant Staphylococcus aureus, methicillin-resistant Staphylococcus aureus, and vancomycin-resistant enterococci. Thus, increasing incidence of infectious disease is considered as one of the major factor, fuelling the growth of the market.
Recent past witnessed rising incidence and prevalence of infectious diseases. For instance, outbreak of Middle East respiratory syndrome coronavirus (MERS-CoV) in Saudi Arabia in 2017, and Human infection with avian influenza A(H7N9) virus in China in 2017. Furthermore, according to World Health Organization (WHO), infectious disease namely lower respiratory tract infection caused 3 million deaths in 2016, globally and was the fourth leading cause of death in 2016 worldwide.
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Key Trends and Analysis of the Disinfectants Market:
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