Surface Disinfectant Market To Report Immense Growth, Revenue To Surge To USD 1400.00 Million by 2026: Facts and Factors

The global surface disinfectant market in 2019 was around USD 800.00 Million. The market is expected to grow at a CAGR of more than 8.0% and is anticipated to reach around USD 1400.00 Million by 2026.

Surface disinfectant is related to antimicrobial agents that are added to the surface of different non-living objects to kill micro-organisms that reside on the objects themselves. Practically performing surface disinfection procedures will avoid or reduce infections and multiple adverse effects prevalent in the current healthcare system. Surface Disinfectants are chemical agents that are used to either destroy or inhibit the growth of bacteria on the surface of surfaces on the non-living material.

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The rising consumer awareness regarding the health benefits of surface disinfectant and its widespread use in the healthcare industry is one of the most key factors driving the growth of the global surface disinfectant market. The global surface disinfectant market is expected to grow owing to the in-demand by rising demand for hospitals, clinics, diagnostic laboratories, research labs and pharmaceutical & biotechnology companies. It has elevated the demand for surface disinfectant and an extensive focus on research and development by key players. The growing number of the manufacturing sector is anticipated to witness significant growth in the global surface disinfectant market within the forecast period. COVID-19 is an infectious disease caused by a novel coronavirus newly identified. On 11 March 2020, the health organization (WHO) announced COVID-19 to be a pandemic. The pandemic has triggered instability in health-care services globally, with hospitals being overrun by rising patient influxes. The spreading of COVID-19 has also sparked a rise in demand for cleaning and disinfection products due to improved knowledge of sanitation, health and safety. Rising healthcare expenditures and a rise in the number of temporary clinics are some of the main factors influencing antiseptic and disinfectant demand and uptake. Stringent government regulations for the use of surface disinfectants are anticipated to boost the global surface disinfectant market in upcoming years. Innovation in surface disinfectants and increasing awareness of personal hygiene as well as environmental because COVID-19 coronavirus is expected to drive the disinfectant market. Too much usage leads surface disinfectant to an adverse effect on the human being. These results may hamper the market’s growth. Research and development, innovations activities in the technology of surface disinfectant, and increased investment in surface disinfectant products are anticipated to open new avenues for the surface disinfectant market in the near future.

The global surface disinfectant market is mainly bifurcated into composition, type, application, and end-user. By composition, the global market is bifurcated as chlorine compounds, alcohols, hydrogen peroxide, quaternary ammonium compounds, peracetic acid, and other compositions. Among which the alcohols segment was accounted for the major revenue share in the global market. On the basis of type, the global market is classified as wipes, liquids, and sprays. The liquid segment was accounted for a larger revenue share in 2019 among the type segment. On the basis of the application, the global surface disinfectant market is classified as instrument disinfection, surface disinfection, and other applications. Among the application segment, the surface disinfection was accounted for a larger revenue share in 2019. By the end-user, the global surface disinfectant market is categorized into diagnostic laboratories, hospital settings, research laboratories, and pharmaceutical & biotechnology companies. The growth in the healthcare segment in the past few years has increased the demand for surface disinfectant.

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On the basis of region the surface disinfectant market is segmented into, Asia Pacific, Europe, Middle East & Africa, North America, and Latin America. In 2019, the North American region dominates the surface disinfectant market among all the regions followed by Europe and the Asia Pacific in terms of value.

Some of the key players operating in the market include Cantel Medical Corporation, 3M Group, The Clorox Company, Procter & Gamble, Ecolab Inc., Diversey, Inc., Reckitt Benckiser Group plc., CarrollCLEAN, STERIS plc, Whiteley Corporation, Metrex Research, LLC., PAUL HARTMANN AG, GOJO Industries, Inc., Pharmax Limited, Medline Industries, Inc., Betco, PDI Inc., MEDALKAN, GESCO Healthcare Pvt. Ltd., Contec Inc., Ruhof, Micro-Scientific, LLC, Cetylite, Inc., Pal International, and BHC, Inc., among others.

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This report segments the global surface disinfectant market as follows:

Global Surface Disinfectant Market: Composition Analysis

Alcohols
Chlorine Compounds
Quaternary Ammonium Compounds
Hydrogen Peroxide
Peracetic Acid
Other Compositions

Global Surface Disinfectant Market: Type Analysis

Liquids
Wipes
Sprays

Global Surface Disinfectant Market: Application Analysis

Surface Disinfection
Instrument Disinfection
Other Applications

Global Surface Disinfectant Market: End-User Analysis

Hospital Settings
Diagnostic Laboratories
Pharmaceutical & Biotechnology Companies
Research Laboratories

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