Surface Disinfectant Market Size (2020 to 2025)
The size of the global surface disinfectant market is forecasted to be growing at a CAGR of 8.23% between 2020 to 2025. This market was worth USD 614.97 million in 2020 and predicted to grow USD 913.26 million by 2025, as per the recent research report published by Market Data Forecast.
Key Market Drivers:
Rising incidences of coronavirus is a major factor propelling the demand of the market. Strict rules to use surface disinfectants at hospitals to avoid the spread of infectious are escalating the growth rate of the market. The rising number of hospital-acquired infections is lucrative to leverage the growth rate of the market. Increasing the patient pool across the globe is additionally elevating the demand of the market. Creating awareness over maintenance of hygiene even in public places is greatly influencing the market’s demand. An increasing number of people suffering from chronic diseases and a rising geriatric population are impelling the demand of the surface disinfectant market. Emerging economies in developed and developing countries are solely prompting the growth rate of the market.
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Significant Challenges:
However, surface disinfectants are included with a certain type of toxins which are damage to the surface. This property is slowly hindering the growth rate of the market. Also, the lack of complete knowledge over the usage of these products will lead to environmental hazards, which is impeding the growth rate of the surface disinfectant market.
COVID-19 impact on the Surface Disinfectant Market:
COVID 19 pandemic has shown adverse effects on many platforms but not on the surface disinfectants market. Increasing demand to maintain hygiene, health, and safety by using proper disinfectant everywhere is accelerating the market demand enormously. The World Health Organization(WHO) has announced COVID 19 as a pandemic on March 11, 2020. There is an increase in the number of patients visiting the hospitals due to COVID 19, temporary hospitals are built up to deal with the patients in many countries. As COVID 19 is an infectious disease and can spread easily from one person to another, there is a need to disinfectant thoroughly to control this virus’s spread. Hence, the demand surges tremendously from the start of the outbreak.
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This research report on the global surface disinfectant market has been segmented & sub-segmented based on the formulation, type, application, end-user, and region.
By Formulation:
- Wipe
- Liquid
- Spray
By Type:
- Quaternary Ammonium Compounds
- Phenol
- Chlorhexidine Gluconate
- Alcohol
- Aldehyde
By Application:
- In-house
- Instrument
By End-User:
- Hospitals
- Laboratories
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- The Middle East and Africa
Geographically, North America is leading with the largest shares of the global surface disinfectant market due to increasing chronic illness incidences such as cancer, cardiovascular diseases, and others. Creating awareness towards the preventive measures of infectious diseases through campaigns and digital advertisements is lavishing the market’s demand. The US is the positioned top in leading the dominant shares of the market. There is a historical spike of COVID 19 cases in the US, a key driving factor for the market to grow. Escalating healthcare expenditure, especially in urban areas, is anticipated to fuel the demand of the market. Europe is following North America in ruling the highest shares of the market. There are high chances that the disinfectants can kill micro-bacteria, which controls the spread of the diseases, prompting the market demand in this region. Government initiatives in setting up guidelines are ascribed to bolster the demand of the surface disinfectants market in Europe.
Asia Pacific is expected to hit the highest CAGR soon. The increasing geriatric population and rise in the manufacturing rate of disinfectants due to COVID 19 cases are two major attributes leveling up the market’s growth rate.
NOTABLE COMPANIES IN THIS MARKET:
3M Company (U.S.), Procter & Gamble (U.S.), and Reckitt Benckiser Group plc. (U.K.), The Clorox Company (U.S.), Sealed Air Corporation (U.S.), Steris Corporation (U.S.), Cantel Medical Corporation (U.S.), Johnson & Johnson (U.S.), and Ecolab (U.S.) are a few companies playing a leading role in the global surface disinfectant market.
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List of Tables & Figures of the report:
- Global Surface Disinfectant Market, By Region, From 2020 to 2025 (USD Million)
- Global Surface Disinfectant Market, By Type, From 2020 to 2025 (USD Million)
- Global Quaternary Ammonium Compounds Market, By Region, From 2020 to 2025 (USD Million)
- Global Chlorhexidine Gluconate Market, By Region, From 2020 to 2025 (USD Million)
- Global Phenolic Compounds Market, By Region, From 2020 to 2025 (USD Million)
- Global Alcohols Market, By Region, From 2020 to 2025 (USD Million)
- Global Aldehydes Market, By Region, From 2020 to 2025 (USD Million)
- Global Other Surface Disinfectants Market, By Region, From 2020 to 2025 (USD Million)
- Global Surface Disinfectant Market, By Formulation, From 2020 to 2025 (USD Million)
- Global Liquids Market, By Region, From 2020 to 2025 (USD Million)
- Global Wipes Market, By Region, From 2020 to 2025 (USD Million)
- Global Sprays Market, By Region, From 2020 to 2025 (USD Million)
- Global Surface Disinfectant Market, By Application, From 2020 to 2025 (USD Million)
- Global In-house Applications Market, By Region, From 2020 to 2025 (USD Million)
- Global Instrument Disinfection Market, By Region, From 2020 to 2025 (USD Million)
- Global Other Applications Market, By Region, From 2020 to 2025 (USD Million)
- Global Surface Disinfectant Market, By End User, From 2020 to 2025 (USD Million)
- Global Hospitals Market, By Region, From 2020 to 2025 (USD Million)
- Global Clinical Laboratories Market, By Region, From 2020 to 2025 (USD Million)
- Global Pharmaceutical Companies Market, By Region, From 2020 to 2025 (USD Million)
- Global Other End Users Market, By Region, From 2020 to 2025 (USD Million)
- 140+ More
Browse Regional Reports:
- North America Surface Disinfectant Market
- Europe Surface Disinfectant Market
- Asia-Pacific Surface Disinfectant Market
- Latin America Surface Disinfectant Market
- Middle East and Africa Surface Disinfectant Market
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