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Global Surface Disinfectant Market it is anticipated to reach at market value of US$ 1.7 Bn by 2027
Bizizz Market Research has recently published a research report, “Surface Disinfectant Market by Composition (Alcohols, Peracetic Acid, Chlorine Compounds, Hydrogen Peroxide, Quaternary Ammonium Compounds, and Others), by Type (Sprays, Wipes, and Liquid), by Application (Instrument Disinfection, In-House Surfaces, and Others), by End-User (Research Laboratories, Hospital Settings , Pharmaceutical & Biotechnology Companies, and Diagnostic Laboratories), and Region-Global Industry Trends, Estimation & Forecast, 2019 - 2027”.
As per the report, Global Surface Disinfectant Market was valued at US$ XX Mn in 2018 and it is anticipated to reach at market value of US$ 1.7 Bn by 2027, witnessing a CAGR of 4.0 % during the forecast period. Key drivers of the market are rising demand from food & beverages industry for several applications and advantages associated with Surface Disinfectant.
Surface Disinfectant is used to disinfect the surroundings from harmful bacteria and germs. In order to fight with recent corona pandemic maximum number of isolation wards are needed. The number is increasing significantly across the globe. In India, several hospitals and schools are converted into isolation centers for migrants which is anticipated to spur the demand for surface disinfectant significantly.
The Surface Disinfectant Market Is Anticipated To Register A CAGR Of Over 4.0 % During The Forecast Period.
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Based on Composition, the Peracetic Acid segment led the global market by occupying maximum share in 2018
On the basis of composition, the peracetic acid segment is anticipated to occupy highest share throughout the forecast period. The acid has large adoption in healthcare and pharmaceutical industry. The peracetic acid is environment friendly, cost-effective, and non-toxic in nature which makes it preferable in these sectors.
North America Is Anticipated To Hold Prominent Share During the Forecast Period
In terms of region, Asia Pacific is anticipated to lead the global market by holding prominent share over the forecast period. The region held 38.7 % market share in 2018. The U.S. government is taking several initiatives to and issuing multiple policies intended to ensure public health and hygiene which is expected to favor the regional growth in coming years.
The global market is highly fragmented with several local and few global players. Companies are focused on strategic alliances and partnerships with other players intended to expand their global footprint which is expected to strengthen their market foothold in future.
Prominent players operating in the Global Surface Disinfectant Market are: Gojo Industries, Inc., 3M Company, Whiteley Corporation, Cantel Medical, Metrex Research, LLC, The Clorox Company, CarroLLClean, Ecolab, Steris Corporation, Johnson & Johnson, Diversey, Inc., Reckitt Benckiser Group PLC, and Procter & Gamble, among others.
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