October 28, 2020
According to the research report titled ‘North America Disinfectants and Cleaning Agents Market Size By Product, By Active Ingredient, By End-Use Industry Analysis Report, Country Outlook Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026‘, available with Market Study Report, North America disinfectants and cleaning agents market is anticipated to record strong CAGR through 2026.
Rising prevalence of COVID-19, favorable government norms regarding food safety, and increasing awareness about hygiene among individuals are the major factors propelling North America disinfectants and cleaning agents market growth.
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Further, preference for alcohol based disinfectants from commercial sector, in tandem with emphasis towards workplace cleanliness are stimulating the market outlook. However, concerns regarding environmental harm caused by chemical based disinfectants will restrain North America disinfectants & cleaning agents industry expansion.
Based on product terrain, degreasers segment held 15% industry share in recent past. Natural degreasers are substantial traction owing to rising consumer inclination towards the natural products. Moreover, the solvent-based degreasers are predicted to witness 9.5% CAGR over the forthcoming time period.
Meanwhile, cleaning agents segment of North America disinfectants and cleaning agents industry is further divided into detergents and acid-based. As per the report, detergents are witnessing escalated demand on account of widespread usage of laundry and house cleaning products.
The report cites that phenol based disinfectants segment is predicted to grow modestly over the analysis timeframe. The product is widely used skincare products & cosmetics pertaining to its activeness against fungi, viruses, and itching effects.
With respect to active ingredient, North America disinfectants and cleaning agents market is categorized into quaternary ammonium compounds, chlorine & chlorine compounds, caprylic acid, hydrogen peroxide (H2O2), iodophors, peracetic acid, ortho-phthalaldehyde, synthetic thyme oil, glutaraldehyde, and alcohols. Among these, hydrogen peroxide segment contributes 14% to the industry share presently and is expected to witness rapid growth in the coming years. Meanwhile, caprylic acid segment is poised to experience 6.5% growth rate during the forecast period.
With regards to application spectrum, North America disinfectants and cleaning agents market is classified into commercial & institutional, residential, and industrial. Among these, industrial manufacturing segment held majority market share in 2019 and is poised to witness tremendous gains in coming years.
Key players operating in North America disinfectants and cleaning agents market are The Clorox Company, Cantel Medical Corporation, Henkel Corporation, Medline Industries Inc., Reckitt Benckiser Group plc, Steris Corporation, Diversey Inc., Metrex Research Corp., Procter & Gamble Co., Ecolab Inc., Kao Corporation, S.C. Johnson & Son Inc., 3M Company, and Cognis Holding GmbH (acquired by BASF).