WELLESLEY, Mass., Nov. 09, 2017 (GLOBE NEWSWIRE) -- Increasing awareness about the importance of hygiene and sanitation in preventing and controlling microbial infections, particularly in developing parts of the world, and increasing demand in the healthcare and food sectors are driving modest growth in the antiseptics and disinfectants industry. In a new report Antiseptics and Disinfectants: Global Markets to 2022, BCC Research estimates the global antiseptics and disinfectants market to reach $9.1 billion by 2022, growing at a CAGR of 5.2%.
This report reviews the latest industry developments in the global markets for antiseptic and disinfectant products used in the home and in institutional/commercial spaces. Detailed analyses include regulatory aspects, innovations and technological improvements, including patents and approvals; and emerging trends and preferences.
The market continues to move at a steady rate across all global regions, with emerging markets growing at a slightly faster rate than the global market’s 5.2% CAGR. Increased research and development and evolving technologies, along with increasing competition, are key growth drivers. Silver-based antiseptics and disinfectants constitute a very small market share (0.8%), but this segment’s growth rate leads all others due to expanding applications in fields such as textiles, food, medical-device disinfection and personal-care products.
- Oxidizing agent–based antiseptics and disinfectants should grow at a higher CAGR (6.6%) than predicted in BCC Research’s previous report (5.9%) due to EPA approval of several oxidizing agent–based disinfectants.
- Regulatory changes are significantly impacting product availability as manufacturers either have to reformulate their products or withdraw them from the market in order to conform to changed rules.
- The FDA’s September 2016 ban on phenol and many widely used phenol derivatives from over-the-counter (OTC) consumer antiseptic products will substantially slow the phenol and derivatives market.
“Changing regulatory policies and the increasing rate of antimicrobial resistance are challenging the market. The reemergence of some infectious diseases and large outbreaks of infectious diseases caused by pathogens such as Clostridium difficile, SARS-associated coronavirus and Middle East respiratory syndrome–associated coronavirus should lead the market to steady, modest growth through 2022,” said Shalini S. Dewan, BCC Research analyst and author of the report.
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Antiseptics and Disinfectants: Global Markets to 2022. (CHM052D)
Publish Date: Nov 2017
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