Surface Disinfectant Market Growth Accelerated by Rising Focus on Hygiene

 

Surface disinfectants are chemicals used to reduce or kill pathogenic microorganisms on inanimate surfaces and objects. They come in various forms including sprays, wipes, and liquid disinfectants and find applications in healthcare facilities, laboratories, households, food industry and others to reduce microbial contamination. With the outbreak of Covid-19 pandemic, there has been a rising focus on hygiene and cleanliness which has boosted the demand for surface disinfectants significantly. The Global Surface Disinfectant Market Size is estimated to be valued at US$ 10.5 billion in 2023 and is expected to exhibit a CAGR of 18% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The outbreak of Covid-19 has accelerated the overall growth of the surface disinfectant market significantly. With growing awareness about pathogens and viruses, consumers are more cautious about cleanliness and hygiene. There has been a sizable increase in sales of disinfectant products for surfaces across households and commercial areas in the last couple of years. Manufacturers are launching new variants suitable for eliminate viruses and expanding production capacity to cater to the high demand levels. Several companies are also promoting the effectiveness of their disinfectants against Covid-19 which is further driving the sales. Thus, the pandemic has emerged as a major driving factor emphasizing the need for surface disinfection.

Segment Analysis
The Surface Disinfectant market is segmented based on composition, type, application area and region. Based on composition, the quaternary ammonium compounds segment currently dominates the market due to their affordable cost and effectiveness against a wide range of pathogens and bacteria. They are commonly used in hospitals and healthcare facilities. The ethylene oxide segment is expected to grow at a high rate during the forecast period due to its fast mode of action.

Key Takeaways
The global Surface Disinfectant market is expected to witness high growth.

Regional analysis: North America currently holds the largest share of the surface disinfectant market due to stringent regulations regarding hygiene and cleanliness in healthcare facilities in countries like the US. The Asia Pacific region is expected to grow at the fastest pace during the forecast period driven by increasing healthcare expenditure, rising awareness about hospital-acquired infections, and growing healthcare infrastructure in developing countries like India and China.

Key players operating in the Surface Disinfectant market are 3M, Reckitt Benckiser, Kimberly-Clark, Johnson & Johnson, Ecolab, Clorox, Cantel Medical Corp, Procter and Gamble. 3M is a leading player in the market with strong brand recognition and wide product portfolio. Reckitt Benckiser has a large presence in emerging markets like Brazil, Russia, India and China due to established distribution network.

Get More Insights Here: https://www.newswirestats.com/surface-disinfectant-market-size-share-and-growth-forecast-2023-2030/