Market Overview
The global surface disinfectants market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is growing at a CAGR of 8.7% during the forecast period (2023-2030).
Surface disinfectants are chemicals that clean and eradicate microorganisms from surfaces and objects. The industry is seeing a sharp increase in demand for surface disinfectants due to the prevalence of infectious diseases around the world. It aids in eradicating germs from surfaces such as toilets, floors, tiles and furniture. In clinics and hospitals, where sanitation and cleanliness are crucial, there is a greater demand for surface disinfectants.
Market Dynamics
The growing personal hygiene
The increased need to improve cleanliness in hospitals, clinics and ambulatory surgery centers to stop the transmission of diseases (COVID-19) among patients and staff is the cause of the rising need for high-quality surface disinfectants worldwide. Increased laboratories and public awareness of personal hygiene are also driving the industry. People’s increasing disposable income are driving factors in the expansion of the market for surface disinfectants.
The hazardous effects of surface disinfectants
Disinfectants are produced using hypochlorite, peroxides and acetic acid, harming the environment and people. Because sodium hypochlorite is a caustic, flammable substance that may burn people, it can be difficult and expensive to handle, store and transport. The National Center for Biotechnology Information-NCBI conducted research revealing a considerable prevalence of chronic diseases that seriously negatively affect users. The problems above consequently function as limiting considerations for this sector.
COVID-19 Impact Analysis
The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).
Segment Analysis
The global surface disinfectants market is segmented based on product, formulation, end-user and region.
The presence of hypochlorite in both forms drives the demand for surface disinfectants in automotive
Due to its availability in liquid (sodium hypochlorite) and solid (calcium hypochlorite) forms, it is the most frequently utilized type. It is a bleaching agent used in hospitals and private residences worldwide to eradicate bacteria and other microbes that could potentially spread deadly viruses like COVID-19 and others. It is employed for sanitization and in isolation wards. The market is anticipated to expand exponentially as more sanitization procedures become available because of the current COVID-19 epidemic.
Geographical Analysis
The growing chronic disease in North America
During the projection period, North America is anticipated to be the region with the largest demand for surface disinfectants. The prevalence of chronic illnesses, including cancer, cardiovascular disease and others, necessitates prolonged hospital stays and surgery. For instance, 33,356,853 people were admitted to hospitals in 2022, according to data from the American Health Association. Crucial treatments like heart bypass surgery and chronic illnesses brought on the admissions. Thus, it is anticipated that the rising number of hospital admissions will increase the need for surface disinfectants, which will grow the regional market.
Competitive Landscape
The major global players in the market are Procter & Gamble, Reckitt Benckiser Group plc., Carroll Company, Cantel Medical Corporation, UPS Hygiene Pvt. Ltd., Metrex Research, LLC., STERIS plc., Whiteley Corporation, PURE Bioscience, Inc. and Henkel AG.
Why Purchase the Report?
- To visualize the global surface disinfectants market segmentation based on product, formulation, end-user and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of surface disinfectants market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as excel consisting of key products of all the major players.
The global surface disinfectants market report would provide approximately 61 tables, 64 figures and 200 Pages.
Target Audience 2023
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies