"Overview of Surface Disinfectant market"
The Global Surface Disinfectant Market was Valued at US$ 725.6 Mn in 2018 and it is Expected to Reach More than US$ 1.4 Bn by 2027, Likely to Grow with the CAGR of 7.8 % During the Forecast Period.
Surface Disinfectant can be defined as an antimicrobial agent which is used to destroy or inactive on inert surfaces. The global Surface Disinfectant market has shown tremendous growth and projected to grow rapidly during the forecast period. Some of the factors fuelling the growth of global market include rising healthcare expenditure, rising number of surgical operations, and stringent government regulations regarding cleanliness in hospitals and medical spaces.
Rising Demand for These Products in Isolation Wards and Hospitals Dedicated for Corona Patients is Anticipated to Propel the Market Growth
Surface disinfectants are used to clean floors and walls in hospitals and also used to sanitize medical equipment. Since December 2019, the number of corona patients is rising day by day. To fight with this pandemic maximum number of isolation wards are made. For instance, In March 2020, Indian Railways announced to convert their coaches into isolation wards. The coaches will be divided into sections in which nine patients can be quarantined. This in turn, resulted in sudden boost in demand for surface disinfectants.
By Type, the Wipes segment is Projected to Witness Rapid Growth in Coming Years
On the basis of type, the wipes segment is expected to show rapid growth over the forecast period. The growth of these products can be accredited to several advantages associated with which is expected to increase its prominence across the globe. The advantages offered by these products include ease of use, zero water consumption, and comparatively lesser chance of cross contamination. As these products are higher in cost therefore as of now its adoption is limited in developed regions only. However, several supportive government policies and rising awareness among consumers is expected to expand its customer base in developing continents as well.
By Application, In-House Surface is Anticipated to Offer Huge Potential in Coming Years
Based on application, the in-house surfaces segment is anticipated to grow significantly during the forecast period. This is mainly due to rising occurrences of hospital acquired infections around the globe. Wipes and liquids are commonly being used to disinfect in-house surfaces.
Personal Care Segment is Estimated to Dominate the Global Market Whereas the Polyether Polyols Segment is Expected to Witness Rapid Growth Throughout the Forecast Period
Based on application, personal care segment is anticipated to occupy highest share throughout the forecast period. Surface Disinfectant has healing and nutritive properties which makes it applicable for multiple skin care products. It also offers sweet and laxative tasting features which is expected to surge its demand in many health products. Moreover, changing lifestyle and rising awareness regarding benefits of Surface Disinfectant is expected to propel the segment growth.
On the other hand, the polyether polyols segment is anticipated to witness significant growth in coming years. The growth of the segment can be credited to rising demand for Surface Disinfectant in chewing gums and other low-calorie sweeteners as it remains unaffected by bacteria activities.
North America is Anticipated to Lead the Global Market During the Forecast Timespan
By geography, North America held highest share in 2018. The region is anticipated to occupy significant share throughout the forecast period. The growth of North America can be credited to high living standards of U.S. and Canada citizens which encourage them to opt for hygiene habits and home cleanliness. Moreover, the supporting government policies to ensure public health and hygiene is expected to support the regional growth.
On the other hand. Asia Pacific is expected to witness fastest growth during the period of assessment study. Rising government expenditure on cleanliness and public health and increasing population is expected to favour the regional growth. Moreover, increasing income per capita in developing Asia countries is expected to poise a positive impact on the growth of surface disinfectant in Asia Pacific.
Key players operating in global Surface Disinfectant market include 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
Global Surface Disinfectant Market by Composition
- Peracetic Acid
- Chlorine Compounds
- Hydrogen Peroxide
- Quaternary Ammonium Compounds
Global Surface Disinfectant Market by Type
Global Surface Disinfectant Market by Application
- Instrument Disinfection
- In-House Surfaces
Global Surface Disinfectant Market by End-User
- Research Laboratories
- Hospital Settings
- Pharmaceutical & Biotechnology Companies
- Diagnostic Laboratories
Global Surface Disinfectant Market by Region
- North America
- Asia Pacific
- Middle East & Africa
- Latin America