The disinfectants market consists of sales of the chemical solutions that kill microorganisms and prevent infectious diseases. Disinfectant in general refers to a chemical agent that is used to kill all recognized pathogenic microorganisms on inanimate objects on the surface of floors, tiles, washrooms, furniture and instrument.
The global disinfectants market is expected to grow from $0.66 billion in 2019 to $0.78 billion in 2020 at a compound annual growth rate (CAGR) of 18.2%.The markable growth is mainly due to the COVID-19 outbreak and the measures to contain it. Coronavirus infection is transmitted in most instances through contact with contaminated surfaces/objects. The virus gets easily inactivated by chemical disinfectants, thus increasing their demand significantly. The market is then expected to stabilize and reach $1.04 billion in 2023 at CAGR of 10.02%.
