Meticulous Research®—leading global market research company published a research report titled “Surface Disinfectants Market by Composition (Alcohols, QUATs, Chlorine Compounds, Hydrogen Peroxide, Peracetic Acid), Formulation (Liquids, Wipes, Sprays), Application (In-house, Instrument), End User (Hospitals, Academic, Household) - Global Forecast to 2029”.
According to this latest publication from Meticulous Research, the global surface disinfectant market is expected to grow at a CAGR of 7.8% from 2022 to reach $9.52 billion by 2029. Factors such as the growing prevalence of chronic illness; increasing number of surgeries in healthcare facilities; rising awareness about sanitization, health, and safety; increasing number of health clubs and gyms; and the recent outbreak of infectious diseases are driving the growth of this market. In addition, the introduction of innovative disinfectant products and emerging economies provides significant opportunities for this market's growth in the coming years.
However, the lack of knowledge to use standard disinfection practices by end users is expected to restrain this market's growth. Additionally, factors such as the availability of alternative products and technologies and environmental and health hazards associated with the use of disinfectants pose a major challenge for the growth of this market.
Surface Disinfectant Market: Future Outlook
The global surface disinfectant market is mainly segmented based on composition, form, application, end user, and geography. The study also evaluates industry competitors and analyzes the market at the country level.
Based on composition, the chlorine compound segment is estimated to account for the largest share of this market. The large market share of this segment is attributed to the growing application of a variety of surface disinfectants composed of chlorine compounds in water, household disinfectant, food, healthcare, energy & environment, and transportation industries. Chlorine-based pool and spa disinfectants help keep recreational waters safe by destroying waterborne pathogens that can result in illnesses, such as diarrhea, swimmer’s ear or skin rashes, including athlete’s foot.
Based on form, the liquids segment is estimated to account for the largest share. This segment's large market share is attributed to its low cost, easy application, and wide availability. Additionally, the use of liquid disinfectants has increased significantly among healthcare and non-healthcare entities due to the recent COVID-19 pandemic
Based on application, the in-house surface disinfection segment is estimated to account for the largest share. The large market share of this segment is attributed to the high demand for surface disinfectants for in-house applications by hospitals & clinics, industries, households, and others.
Based on end user, the healthcare entities segment is estimated to account for the largest share of the market. The large market share of this segment is attributed to the increasing prevalence of healthcare-associated infections, the outbreak of the COVID-19 pandemic, and compliance with the regulatory guideline regarding cleaning and disinfection.
This research report analyzes major geographies and provides comprehensive analysis for North America (U.S., Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, India, and RoAPAC), Latin America, and the Middle East & Africa.
In 2022, North America is estimated to dominate the surface disinfectant market, followed by Europe and Asia-Pacific. The rising awareness about sanitization, health, and safety; growing prevalence of chronic illness; increasing number of surgeries in healthcare facilities; rising demand for surface disinfectants in various sectors like pharmaceutical & biotechnology companies, academic research, and food & beverages industries; and the presence of key market players contribute to the large market share of this region.
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The key players operating in the surface disinfectants market are 3M Company (U.S.), Steris plc (Ireland), CarrollCLEAN (U.S.), GOJO Industries, Inc. (U.S.), The Clorox Company (U.S.), Metrex Research LLC. (U.S.), Diversey Holdings, Ltd. (U.S.), Ecolab Inc. (U.S.), S.C. Johnson & Son Inc. (U.S.), The Procter & Gamble Company (U.S.), Reckitt Benckiser Group PLC (U.K.), Tristel Plc (U.K.), BASF SE (Germany), and Paul Hartmann AG (Germany), among others.
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