Study #: 3863
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Global demand for industrial and institutional (I&I) disinfectants and sanitizers is expected to decrease less than 1.0% in 2020 as countries around the globe respond to the spread of the COVID-19 virus, which will have varying effects on the markets for these products:
- Demand for healthcare applications, particularly among healthcare workers and first responders, will rise sharply in 2020, with demand expected to fall off in late 2020 and through 2021 as new COVID-19 cases decline.
- Foodservice and other applications – including governmental, military, and nonfood manufacturing facilities – will experience steep declines in 2020 due to closures arising from widespread stay-at-home directives. However, larger losses will prevented by the introduction of stricter disinfection and cleaning regulations for those facilities that remain open.
Longer term, growth is expected to return to more sustainable levels in all markets, with overall demand forecast to expand 4.3% per year to $7.1 billion in 2024.