Latin America Antiseptic And Disinfectant Market Size & Outlook
Latin America antiseptic and disinfectant market, 2017-2030 (US$M)
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Latin America antiseptic and disinfectant market highlights
- The Latin America antiseptic and disinfectant market generated a revenue of USD 3,023.3 million in 2023.
- The market is expected to grow at a CAGR of 11% from 2024 to 2030.
- In terms of segment, quaternary ammonium compounds was the largest revenue generating type in 2023.
- Enzyme is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 3,023.3 million |
| Market revenue in 2030 | USD 6,267.5 million |
| Growth rate | 11% (CAGR from 2023 to 2030) |
| Largest segment | Quaternary ammonium compounds |
| Fastest growing segment | Enzyme |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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 |
Other key industry trends
- In terms of revenue, Latin America region accounted for 9.6% of the global antiseptic and disinfectant market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 12,652.2 million by 2030.
Quaternary ammonium compounds was the largest segment with a revenue share of 31.59% in 2023. Horizon Databook has segmented the Latin America 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.
Increasing cases of hospital-acquired infections and rising awareness about home cleanliness are among the major factors driving the LATAM antiseptics and disinfectants market over the forecast period. Increasing incidence of diseases such as cholera, typhoid fever, food poisoning, hepatitis A, and dengue due to lack of home cleanliness is one of the major factors driving the market growth.
Such diseases are mainly caused by virus and bacteria, growing in unhealthy home environment, unhygienic toilets, latrines & kitchen, which spread infections. Thus, application of antiseptic and disinfectant solutions is one of the essential requirements for maintaining home cleanliness. These factors are expected to drive the market growth over the forecast period.
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Antiseptic And Disinfectant Market Scope
Antiseptic And Disinfectant Market Companies
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Latin America antiseptic and disinfectant market size, by country, 2017-2030 (US$M)
Latin America Antiseptic And Disinfectant Market Outlook Share, 2023 & 2030 (US$M)
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