Sanitizing Agents Market Analysis :
Sanitizing agents are chemical agents formulated to inactivate or prevent the growth of microorganisms on surfaces. Chlorine is one of the widely used sanitizing agent, as it is highly effective and inexpensive. The sanitizing agents are used to prevent the spread of virus or bacteria in hospitals, labs, and other areas. Chemical sanitizers are available in two types in the market, alkaline-based and acid-based. The alkaline-based sanitizer has higher demand, and is produced in large scale. Sanitizing agents are highly required in hospitals and labs. Moreover, rise in hospital-based infections and awareness about home cleanliness is expected to boost the demand for sanitizing agents during the forecast period.
COVID-19 scenario analysis
The demand for hand sanitizers has increased across the globe, due to the COVID-19 outbreak. Since the outbreak, customers have become more careful to protect themselves from coronavirus. Hand sanitizers are therefore viewed as an ideal option to clean hands when washing facilities are not available. In addition, several initiatives and campaigns are ongoing, promoting the routine use of hand sanitizers. Surge in demand for hand sanitizers in relation to the outbreak of COVID-19 has led to the manufacture and selling of sanitizers by various companies. Increase in demand for sanitizers has forced many companies to enter the market where as the existing companies have introduced various pricing strategies to boost up their sales.
Market scenario analysis
In-house surfaces application sector is expected to register a higher CAGR during the forecast period. One of the key factors that is driving the demand for sanitizing agents is increase in awareness about the consumption of hygienic food products among consumers, which offer health benefits. Moreover, government initiatives to reduce the cases of hospital-acquired infections and to create awareness regarding home and personal hygiene are expected to create lucrative opportunities for the market players. In addition, increase in cases of hospital-acquired infections across the globe is one of the major reasons for the market growth. For instance, usage of proper sanitizers and disinfectants isan important aspect, as it helps in preventing the transmission of infection from one person to another. Similarly, outbreaks related to food consumptions influence the utilization of sanitizing agents. The Food Quality and Safety issued a study saying the six-year cycle of food-borne outbreaks in Brazil culminated in some 2900 illnesses. Such cases are fostering the demand for sanitizing agents of physical and chemical type, including chlorine dioxide and quaternary ammonium.
Market drivers and restraints
Increase in healthcare expenditure in developed and developing countries contribute to rise in demand for sanitizing argents, which drives the growth of the global market. The expansion of the beer brewery industries drives the overall market growth. Moreover, rise in concerns related to food consumptions is a major factor that influences the utilization of sanitizing agents. Furthermore, rise in cases of hospital-acquired infections across the globe might have a positive impact on market growth during the forecast period. Similarly, stringent regulations for maintaining sanitization in industries, including food and pharmaceutical are the major growth influencers of the sanitizing agents market in the upcoming years. However, product launch delays due to various standards and quality checks are expected to restrict further expansion of the market. The new products that are introduced need the FDA certification, which is a time-consuming procedure, thus limiting the significant market growth.The negative perceptions in using the chemical-based sanitizers hinder the market growth.
Asia-Pacific is the leader of the sanitizing agents market, due to increase in food consumption and presence of large population base. For instance, Indian Peroxide Ltd. announced the launch of its new hydrogen peroxide production plant in the state of Gujarat, India. With this plant, the company would produce environmentally friendly, premium quality, and industry-grade hydrogen peroxide. Similarly, the expansion of the food and the chemical industries in the regions such as North America and Western Europe is positively affecting the growth of the sanitizing agents market. Increase in brewery processing has led Los Angeles to become one of the key markets for sanitizing agents in the region.
Key benefits of the report
- This study presents the analytical depiction of the global sanitizing agents industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global sanitizing agents market share.
- The current market is quantitatively analyzed to highlight the global sanitizing agents market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed market analysis depending on competitive intensity and how the market will take shape in coming years.
Questions answered in the global sanitizing agents market research report:
- Which are the leading players active in the global sanitizing agents market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
Sanitizing Agents Market Report Highlights
By Industry Vertical
Key Market Players
Peroxy Chem, IVH-Germany, Johnson& Johnson, Novartis AG, Reckitt Benckiser, Cardinal Health, Kimberly-Clark Corporation, Seatax Ltd., Bio-Cide International Inc., Troy Chemical Industries, Badger Fabrication, Hydriyte Chemical Company, Maclin Group, STERIS plc, 3M