Disinfection Market size was valued at USD 33.9 billion in 2021 and is expected to reach a value of USD 52.2 billion by 2028, growing at a CAGR of 6.5% from 2022 to 2028. Disinfectants are antimicrobials that can kill hazardous microorganisms including fungus, viruses, and bacteria. Disinfectants are offered in a variety of forms on the global market. Alcohols are anticipated to hold a significant share in the global disinfection market owing to the rise in alcohol usage on hard surfaces in labs and hospitals. Moreover, hydrogen peroxide dominated the market over the historic years and the market is expected to grow at a significant growth rate over the forecast years owing to rise in usage of hydrogen peroxide for water disinfection and used in water systems and cooling towers to control excessive microbial development. Moreover, Hydrogen peroxide is increasingly being utilised to treat individual water sources in the United States. It is used to prevent pollutant degradation (iron, manganese, sulphates) and microorganism degradation from forming colours, tastes, corrosion, and scaling. Hydrogen peroxide reacts quickly and then it decomposes into hydrogen and water and raises the oxygen content of the water. Increase in number of hospital admission cases and number of surgeries coupled with outbreak of COVID-19 pandemic drastically increased the use of disinfecting agents across the globe. Moreover, increase in the awareness to reduce the hospital acquired infections, rise in R&D for the launch of newer products, and increase in healthcare expenditure in emerging economies also surge the growth of market.
Recent Market Developments:
In 2020, Environmental Protection Agency approved two products of Lysol, Lysol disinfectant spray and Lysol disinfectant max cover mist both are used as surface disinfects and proved effective against novel coronavirus.
In 2020, the Defense Research and Development Organization launched two products, the automatic mist based sanitizer dispensing unit and UV sanitization box and hand held UV device provides process of disinfection in public places and surfaces to fight against coronavirus