Market revenue in 2023 | USD 1,365.3 million |
Market revenue in 2030 | USD 2,679.6 million |
Growth rate | 10.1% (CAGR from 2023 to 2030) |
Largest segment | Quaternary ammonium compounds |
Fastest growing segment | Enzyme |
Historical data | 2017 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Quaternary Ammonium Compounds, Chlorine Compounds, Alcohols & Aldehyde Products, Enzyme |
Key market players worldwide | 3M Co, Reckitt Benckiser Group PLC, Steris PLC, Kimberly-Clark Corp, Cardinal Health Inc, BD, Johnson & Johnson, Bio-Cide International |
Quaternary ammonium compounds was the largest segment with a revenue share of 31.71% in 2023. Horizon Databook has segmented the China antiseptic and disinfectant market based on quaternary ammonium compounds, chlorine compounds, alcohols & aldehyde products, enzyme covering the revenue growth of each sub-segment from 2017 to 2030.
Adequate usage of antiseptic & disinfectant solutions in China for domestic and hospital purposes is expected to drive the growth of China market over the forecast period. In addition, various initiatives being undertaken by local players, such as launch of herbal disinfectant and antiseptic solutions, in China are also anticipated to increase usage rate of these products.
For instance, Made-in-China.com distributes and markets herbal disinfectant solutions in China at affordable prices, which is expected to boost their demand over the forecast period, resulting in market growth.
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