Antiseptic and Disinfectant Market

Antiseptic and Disinfectant Market Outlook (2022-2032)

The global antiseptic and disinfectant market is worth US$ 24 billion in 2022 and is predicted to surge ahead at a CAGR of 17.2% with a valuation of US$ 117.5 billion by 2032.

Rising concerns regarding health and hygiene will have a positive impact on antiseptic and disinfectant market growth across the world.

Report Attributes	Details
Antiseptic and Disinfectant Market Size in 2021	US$ 21 Billion
Estimated Market Value in 2022	US$ 24 Billion
Forecasted Market Value (2032F)	US$ 117.5 Billion
Global Market Growth Rate (2022-2032)	17.2% CAGR
North America Market Share (2021)	~33.2%
East Asia Market Growth Rate (2022-2032)	~18.1% CAGR
United States Market Growth Rate (2022-2032)	~15.9% CAGR
Market Share of Top 5 Companies	~32.4%
Key Companies Profiled	3M Reckitt Benckiser Kimberly-Clark Corporation (Hakle) Cardinal Health Bio-Cide International BD STERIS plc Johnson & Johnson

Consumption Analysis of Antiseptics and Disinfectants (2017-2021) Vs. Market Estimations (2022-2032)

The global market for antiseptics and disinfectants expanded at a CAGR of 22% over the historical period (2017 to 2021).

Antiseptics and disinfectants have wide applications in healthcare, domestic, and commercial settings. In addition, the outbreak of COVID-19 had a positive impact on the global antiseptic and disinfectant market.

Antiseptics and disinfectants are in high demand in the medical care sector as a result of an increase in hospital-acquired infections. Sales are anticipated to rise quickly as a result of the escalating demand from emergency clinics.

Since the 21st century, antiseptics and disinfectants have been utilized extensively to maintain hygiene. Also, manufacturers are following the trend of organic and natural antiseptics and disinfectants to gain higher customer attention in the future.

With rising cases of viral and communicable diseases, people's reliance on antiseptic and disinfection products is growing. Furthermore, there is a high level of faith in these products among the general public. These factors will amplify the demand for antiseptics and disinfectants over the decade.

Fact.MR predicts that the global antiseptic and disinfectant market will be valued at US$ 117.5 million by 2032-end, expanding at a CAGR of 17.2%.

• Short Term (2022-2025): High personal hygiene awareness will drive the antiseptic and disinfectant market over the short term with an absolute dollar opportunity of US$ 16.8 million from 2022 to 2025.
• Medium Term (2025-2028): Enhancement in R&D from the manufacturers’ side to fulfill consumer demand will push the market over the medium term with an absolute dollar opportunity of US$ 30.3 million from 2025to 2028.
• Long Term (2028-2032): Increased dependency on antiseptics and disinfectants will expand the market over the long term with an incremental dollar opportunity of US$ 64.6 million from 2028 to 2032.

From 2017 to 2021, sales of antiseptics and disinfectants increased at a CAGR of 22%. As per the latest study by Fact.MR, a market research and competitive intelligence provider, the industry is projected to progress at 17.2% CAGR through 2032.

Market share analysis of antiseptics and disinfectants based on product type and region. Under the product type segment, hydrogen peroxide leads with 21.3% market share in 2022.

Why is the Demand for Antiseptics and Disinfectants Expected to Continue Surging?

“Intensifying Hygiene Concerns Will Drive Revenue of the Market”

The antiseptic and disinfectant market has observed significant growth owing to the spreading of infectious diseases and related hygiene concerns among the global population. Infectious diseases such as SARS, Zika, Ebola, Swine flu, and the recent COVID-19 outbreak have generated a high need for the use of antiseptics and disinfectants. Naturally, individuals have become more conscious about maintaining their personal and communal hygiene.

Additionally, government initiatives to increase public knowledge about the advantages of utilizing antiseptic and disinfection products have also aided in boosting product sales. Across nations, governments began distributing hand sanitizer gratis to boost customers' trust in various brands. Consequently, growing consumer confidence in branded goods is a prominent factor driving industry expansion.

“Rising Per Capita Expenditure Benefitting Antiseptic & Disinfectant Sales”

Sales of antiseptics and disinfectants among emergency clinics and family buyers will be stimulated by rising investments in better medical care. Since the novel coronavirus struck, people became more interested in hygiene and disinfection products. In addition, since the COVID-19 outbreak, the per capita use of medical services steadily climbed, which, in turn, increased the sales of these products.

• Fact.MR’s analysis says that over 10% of the world's gross domestic product (GDP) goes into healthcare, and this percentage is expected to stay the same through the mid-term forecast period.

Additionally, the target market will expand during the projection period owing to the aging population's admittance to hospitals, the high rate of surgical treatment in clinics, and the increasing prevalence of infectious diseases across the world.

What Do Antiseptic and Disinfectant Producers Need to Watch Out For?

“Stringent Formulation Requirements May Hamper Sales of Antiseptics & Disinfectants”

Standards established by regulatory agencies for disinfectants are not always met by the products in the market.

• For instance, before registering their products, the US Environmental Protection Agency (EPA) demands that manufacturers provide information on chemical composition, toxicity, and efficacy, as well as recommended labeling.

In general, disinfectants and antiseptics used on environmental surfaces are subject to EPA regulations, but not those that are used on critical or semi-critical medical devices. Such stringent regulations may affect the sales of antiseptics and disinfectants across geographies.

As such, manufacturers need to invest in R&D to meet these standard requirements regarding formulations and deliver safe and quality products to customers.

Country-wise Insights

How Big is the Opportunity for Antiseptic and Disinfectant Suppliers in the U.S.?

According to Fact.MR, North America is expected to continue being one of the most appealing regions for the target market during the projection period. One of the key drivers for market expansion is the high healthcare spending in the United States. As per the analysis, total healthcare spending increased to US$ 4.3 trillion in 2021, which was higher than the 4% GDP-measured growth of the U.S. economy as a whole.

Moreover, the use of personal protective equipment and making sure to practice social isolation, floor disinfection, and hand sanitization have become essential. The usage of surface disinfectants by end users has increased along with the government's growing commitment to maintaining a clean environment.

What is Driving Antiseptic and Disinfectant Sales in the Asian Market?

Sales of antiseptics and disinfectants are expected to grow significantly in Asian markets, with China and India projected to continue to lead the way. These nations will likely account for close to 65% share of the Asian market.

Rapid population growth has increased the occurrence and transmission of various diseases, forcing the healthcare sector to make major investments in antiseptics and disinfectants to slow down disease spread. Such investments and upsurge in demand have provided a great foothold to key antiseptic and disinfectant manufacturers.

The Asian market for antiseptics and disinfectants has reached a valuation of US$ 6.5 billion in 2022.

Category-wise Insights

Who is the Leading End User of Antiseptics and Disinfectants?

Antiseptics and disinfectants are widely used in hospitals, especially to protect healthcare providers. Disinfectants play a major role in hospitals to avoid the spreading of various diseases.

Furthermore, healthcare workers come into daily contact with a variety of microorganisms. Therefore, it is believed that disinfection is crucial for ensuring a clean environment where germs cannot thrive. For better patient care, disinfection is also regarded as essential. These elements are driving up demand for antiseptics and disinfectants in hospitals and clinics.

As such, the target product for healthcare providers holds a majority share of 55.1% in 2022.

Why are Hydrogen Peroxide Disinfectants More Preferred?

Hydrogen peroxide is one of the disinfectants that are known to be the safest for both human health and the environment and is expected to hold a market share of 21.8% by the end of 2032.

Demand for hydrogen peroxide is growing as more people become aware of its effectiveness against a variety of microorganisms. Additionally, the entirely volatile cleaning and disinfection process that is quick and efficient has increased the need for hydrogen peroxide disinfectant treatments.

Competitive Landscape

Prominent antiseptic and disinfectant manufacturers are 3M, Reckitt Benckiser, Kimberly-Clark Corporation, Cardinal Health, Bio-Cide International, BD, STERIS plc, Johnson & Johnson, and Sceptre Medical India.

Companies are striving to produce sustainable goods that increase safety and efficiency while minimizing waste, energy use, and environmental effects. Furthermore, to enhance and strengthen their geographic presence in the global market, leading players in the sector are forming strategic alliances and partnerships with other companies.

• In Oct 2020, leading antiseptic and disinfection manufacturer Sceptre Medical India expanded its manufacturing capacity to increase its sales in the U.K. and U.S. markets.
• In Feb 2021, in the UK, P&G launched Microban 24, a new brand of disinfectant. This offers protection not only from selected viruses and bacteria but also from COVID-19 and flu.

Fact.MR has provided detailed information about the price points of key manufacturers of antiseptics and disinfectants positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Antiseptic and Disinfectant Industry Research

• Product Type :

  • Quaternary Ammonium Compound
  • Chlorine Compound
  • Alcohol-based
  • Aldehyde-based
  • Phenolic Compound
  • Hydrogen Peroxide
  • Iodine
  • Silver
  • Other

• By End User :

  • Healthcare Providers
  • Commercial Users
  • Domestic Users

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & ASEAN
  • Oceania
  • MEA