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North America disinfectants and cleaning agents market is competitive with key players including
Companies are engaged in product launches, acquisitions & joint ventures, R&D, and innovations to expand their product portfolio and cater to the rising product demand in residential, industrial, commercial, and utility sectors. For instance, in August 2019, Ecolab Inc. announced the acquisition of Chemstar Corporation, a U.S.-based supplier of food safety and cleaning and sanitizing solutions focused on the grocery and food retail markets. This strategic acquisition would enable the company to diversify its product portfolio in cleaning and sanitizing solutions for grocery and food retail sectors.
In February 2020, Proctor & Gamble launched a new brand of antibacterial home sanitizing products under brand name Microban 24 that can help to keep surfaces protected against bacteria for 24 hours. This strategy will help the company to enhance its product portfolio and capture higher market share in the North America disinfectants and cleaning agents market.
North America disinfectants and cleaning agents market size from disinfectants segment may register 6.5% CAGR thorough 2026, owing to ongoing industrialization trends and marketing gimmicks deployed by FMCG manufacturers.
North America disinfectants and cleaning agents market size was valued at USD 1.5 billion in 2019 and may depict 8% CAGR through 2026, driven by rising awareness on personal health and hygiene.
Alcohols based active ingredients led North America disinfectants and cleaning agents market share in 2019 with an industry size of USD 250 million. This can be attributed to the surging hygiene awareness and rising COVID-19 cases.
Industrial sector may hold 50% of North America disinfectants and cleaning agents market share by 2026 owing to rising demand for high-performance cleaning products in the industrial domain.
North America disinfectants and cleaning agents industry share may increase in Canada due to supportive government guidelines regarding the production of cleaning products. Canada market may exhibit 7.5% CAGR through 2026.