Homecare Cleaning Antimicrobial Ingredients Market Report Overview
The global homecare cleaning antimicrobial ingredients market size was USD 4554 million in 2021. As per our research, the market is expected to reach USD 10480 million in 2028, exhibiting a CAGR of 12.5% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the homecare cleaning antimicrobial ingredients market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
Homecare cleaning products with antimicrobial ingredients are designed to help eliminate or inhibit the growth of microorganisms, such as bacteria, viruses, fungi, and other harmful pathogens, on various surfaces within a home. These products are commonly used to disinfect and sanitize living spaces, especially in areas where there is a higher risk of contamination or infection spread, such as kitchens, bathrooms, and frequently touched surfaces.
the market for homecare cleaning products with antimicrobial ingredients is expanding due to increased awareness of hygiene and health concerns, especially during the COVID-19 pandemic. This demand is driven by changing lifestyles, a desire for effective and convenient cleaning solutions, and a focus on eco-friendly options. Furthermore, the market is split by type and by application. Based on type, chlorine compounds are the major segment. Whereas, liquid detergents, laundry detergents, and dishwashing liquids are the significant application to fuel the demand for the chemical.
COVID-19 Impact:
"Pandemic Surged in Demand for Disinfection Products"
The COVID-19 pandemic positively impacted the market for homecare cleaning products with antimicrobial ingredients. The pandemic led to an unprecedented surge in demand for disinfectants and cleaning products with antimicrobial properties. As consumers were more focused than ever on hygiene, amplified purchasing of products that could help prevent the spread of the virus. In addition to this, the coronavirus outbreak caused a shift in consumer behaviour towards prioritizing health and cleanliness. This change in mindset resulted in sustained demand for cleaning products with antimicrobial ingredients, as consumers continued to emphasize the importance of a sanitized environment which is predicted to continue to grow in the coming years as well.
Latest Trends
"Trend of Natural and Plant-Based Formulations Creates the Market Opportunities"
The market is anticipated to grow speedily due to occurring latest trends and development in the existing technology. With antimicrobial ingredients including a focus on natural and plant-based formulations, and extended protection, smart cleaning solutions are likely to boost the growth of the market. Illustratively, Consumers are preferring versatile products that could be used on various surfaces, streamlining cleaning routines and reducing clutter. Additionally, there is a rising trend of cleaning products that offered extended antimicrobial protection and can reduce the need for frequent reapplication. As a result, such factors and trends are anticipated to augment the expansion of this market over this forecast period.
Homecare Cleaning Antimicrobial Ingredients Market Segmentation
- By Type Analysis
According to type, the market can be bifurcated into Chlorine Compounds, Quaternary Ammonium Compounds, Alcohols, Phenolic Compounds, and Others.
- By Application Analysis
Based on application, the market can be divided into Liquid Detergents, Laundry Detergents,
Dishwashing Liquids, and Others.
Driving Factors
"Rising Health and Hygiene Concerns Augment the Growth of the Market "
The primary driver for the demand for homecare cleaning products with antimicrobial ingredients is a heightened awareness of the importance of hygiene and cleanliness in preventing the spread of diseases, including viruses and bacteria. This key factor is credited to accelerate the homecare cleaning antimicrobial ingredients market growth during this projection timeframe.
"Pandemic Impact & Changing Lifestyles Fuel the Demand for Disinfectant Ingredients"
The Impact of the pandemic on hygiene is a key driving factor of this market. The COVID-19 pandemic led to an unprecedented surge in demand for disinfectants and antimicrobial cleaning products, as people sought ways to protect themselves and their families from the virus. Besides, bbusy lifestyles, urbanization, and increased awareness of health and well-being contributed to the demand for convenient and effective cleaning solutions.
Restraining Factors
"Health & Environmental Concerns Can Curb the Market Expansion"
The concern related to the adverse effects of chemicals on health and the environment can be a constraint for the market. This factor may lead to consumer hesitancy and regulatory scrutiny. Issues such as potential toxicity, antibiotic resistance, and the persistence of these substances in the environment can also impact market growth.
Homecare Cleaning Antimicrobial Ingredients Market Regional Insights
"Asia Pacific Leads the Market with Growing Urbanisation and Health Awareness"
According to a market review, the Asia Pacific region has been rapidly emerging as a significant player. Factors such as growing urbanization heightened health awareness, and the rise of e-commerce have propelled the demand for cleaning products, including those with antimicrobial properties, in the Asia Pacific. The region's urbanization rates, changing consumer preferences, and increased industrial and commercial demand contribute to its growth potential in the market. Moreover, more than one-third of the homecare cleaning antimicrobial ingredients market shares are occupied by the region globally.
Key Industry Players
"Key Players Invest in R&D to Create Innovative Products to Align with Consumer Needs"
Major companies in the market maintain their competitive edge through innovation, constantly improving products, and staying attuned to consumer needs. Strong brand recognition, effective marketing, and diverse product ranges enhance visibility. As well as they stimulate market growth with eco-friendly initiatives and global expansion resonate with conscious consumers and broaden market reach. Besides, collaborations, digital engagement, and quality assurance build credibility.
List of Market Players Profiled
- Stepan
- Nouryon
- Lonza
- BASF SE
- Solvay
- Dow Inc.
- Clariant AG
- Croda
- DuPont
- Corbion
Report Coverage
This report defines the homecare cleaning antimicrobial ingredients market. It emphasizes the market value, expected CAGR, and USD value over the forecast period, before and after the impact of the COVID-19 pandemic restrictions on the international market, and how the industry is going to turn the corner is also stated in the report. The report provides significant market data with its product type and product applications, end-use details, and an idea of the market growth in the future. This report also provides an understanding of the growing market trends and developments and their effects on the market growth, driving factors along with restraining factors that impact the market dynamics. Along with this, the leading region, key players of the market, and their tactics to beat the market competition, sustainable policies, their collaboration, mergers, companies’ profile, previous years’ revenue, profit & loss, and market position based on their share value in the market, are also explained in the report.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 4554 Million in 2021 |
Market Size Value By |
US$ 10480 Million by 2028 |
Growth Rate |
CAGR of 12.5% from 2021 to 2028 |
Forecast Period |
2021-2028 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types and Applications |
Frequently Asked Questions
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What value is the global homecare cleaning antimicrobial ingredients market expected to touch by 2028?
The global homecare cleaning antimicrobial ingredients market is expected to touch USD 10480 million by 2028.
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What CAGR is the homecare cleaning antimicrobial ingredients market expected to exhibit during 2022-2028?
The homecare cleaning antimicrobial ingredients market is expected to exhibit a CAGR of 12.5% over 2022-2028.
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What are the key driving factors of the homecare cleaning antimicrobial ingredients market?
The rising health and hygiene concerns, pandemic impacts, and changing lifestyles are the key driving factors of the homecare cleaning antimicrobial ingredients market.
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What are the key players in the homecare cleaning antimicrobial ingredients market?
The key players in the market include, Stepan, Nouryon, Lonza, BASF SE, Solvay, Dow Inc., Clariant AG, Croda, DuPont, and Corbion are top players in the homecare cleaning antimicrobial ingredients market.