Dublin, Jan. 31, 2024 (GLOBE NEWSWIRE) -- The "Global Surface Disinfectant Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
This study offers strategic insights into the market's progression, underpinned by the increasing global emphasis on hygiene and disinfection.
The market, which stood at US$ 5.5 billion in 2022, is projected to reach US$ 8.1 billion by 2028. Such noteworthy expansion depicts a robust CAGR of 6.66% during the forecast period. This surge underscores the heightened demand for surface disinfectants, propelled by the escalating prevalence of hospital-acquired infections (HAIs) and a heightened worldwide focus on maintaining sterility and cleanliness in various settings—from healthcare facilities to domestic environments.
Market Drivers and Opportunities
A suite of factors is catalyzing the market's growth trajectory. The recent COVID-19 pandemic has significantly bolstered the need for rigorous sanitation protocols—it has been a pivotal driver, instigating the widespread adoption of surface disinfectants in hospitals, homes, and public spaces to curb pathogen spread. The corporate realm, too, is embracing surface disinfectants to ensure safe and infection-free work environments, fostering employee confidence as businesses transition towards normalcy. Further feeding into the market's expansion are industries such as food and beverage, where sanitation and consumer safety necessitate the use of effective disinfecting solutions.
- Liquids, wipes, and sprays form the key product types within the market, each catering to distinct application requirements.
- Alcohols, chlorine compounds, hydrogen peroxide, quaternary ammonium compounds, and peracetic acid represent the market's segmentation by composition.
- The domain of applications spans across in-house surfaces and instrument disinfection, affirming the product's versatility.
- End users of surface disinfectants primarily include hospitals, laboratories, and households, each segment reflecting specific disinfection standards and practices.
Regional Market Overview
The report delineates the market across key regions, with North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa constituting the major geographical segments. Countries such as the United States, Canada, China, India, Germany, the United Kingdom, and Brazil are spotlighted, revealing tailored market dynamics and growth prospects. The analysis encapsulates a competitive landscape overview, addressing the market presence of prominent players and their strategic approaches. It hones in on consolidations, research and development, and advancements in surface disinfectant formulations to remain competitive and address the evolving consumer requirements.
Key Market Insights
This strategic business report answers crucial questions about the Global Surface Disinfectant Market, delving into size assessments, growth rates, impacts of COVID-19, driving factors, segmentation analyses, regional dissections, and the competitive scene. The substantial rise in global awareness regarding hygiene, coupled with ongoing innovations in the disinfectant product sphere, underscores the optimistic growth outlook for the surface disinfectant market.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 144 |
| Forecast Period | 2022-2028 |
| Estimated Market Value (USD) in 2022 | $5.5 Billion |
| Forecasted Market Value (USD) by 2028 | $8.1 Billion |
| Compound Annual Growth Rate | 6.7% |
| Regions Covered | Global |
Companies Mentioned
- 3M Company
- BASF SE
- Betco
- CarrollCLEAN
- Ecolab Inc.
- Evonik Industries AG (RAG-Stiftung)
- Henkel AG & Co. KGaA
- Johnson & Johnson Private Limited
- Medline Industries Inc.
- Metrex Research LLC
- Reckitt Benckiser Group PLC
- STERIS PLC
- The Clorox Company
- The Procter & Gamble Company
For more information about this report visit https://www.researchandmarkets.com/r/iy4w42
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
