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Surface Disinfectant Market Report 2024 - Surface Disinfectant Market Share, Forecast, And Segments
Surface Disinfectant Market
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According to The Business Research Company's, The surface disinfectant market size has grown rapidly in recent years. It will grow from $4.86 billion in 2023 to $5.35 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to infection control, healthcare facilities, food safety, consumer awareness, regulatory compliance.
The surface disinfectant market size is expected to see rapid growth in the next few years. It will grow to $8.13 billion in 2028 at a compound annual growth rate (CAGR) of 11.1%. The growth in the forecast period can be attributed to emerging pathogens, pandemic preparedness, sustainability, advanced formulations, global travel and trade. Major trends in the forecast period include eco-friendly disinfectants, continuous surface monitoring, antiviral surface coatings, ai and robotics, ultraviolet (uv) disinfection.
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Market Drivers and Trends:
Awareness among consumers on hygiene is the key factor driving the surface disinfectant market. Hygiene refers to maintaining the cleanliness of one's body and clothing to preserve overall health and wellbeing. Awareness of personal hygiene helps the surface disinfectant market provide better customer service. For instance, in 2021, according to a survey published by WaterAid, a UK-based non-governmental organization, in Bangladesh, 40% of respondents knew handwashing using water and soap was necessary before eating, 68% of cooks wash hands in restaurants, and 36% of girls knew about menstrual health education. Such awareness regarding hygiene will propel the surface disinfectant market.
Technological advancement is a key trend in the surface disinfectant market. Major players are using advanced technologies like pulsed UV light to remove all harmful microorganisms from the surfaces. Pulsed UV light technology has the potential for disinfecting various surfaces commonly utilized in lab settings. Broad-spectrum radiation is applied in the form of brief, intense bursts that provide intense radiation instantaneously, which results in significantly better microbial decontamination than conventional UV systems. For instance, in June 2021, Voltas, an Indian-based home appliance company, launched a new line of Ultraviolet Light (UVC) based surface disinfectant solutions. These options include the UV Cart System, HandHeld, RUKS CoiloTron, and RUKS GermiTron. Mold, fungus, and bacteria are removed from cooling coils and drain pans using RUKS CoiloTron. HandHeld is a piece of portable surface cleaning and disinfection equipment. The UV Cart System provides high germicidal intensity to sterilize the area and immediately inactivate the microorganisms. RUKS GermiTron's Ultraviolet Germicidal Irradiation (UGVI) can kill 90% of bacteria and viruses in a single pass. This innovative product helps in fighting harmful viruses, such as COVID-19.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
3M Company, Cantel Medical Corporation, The Clorox Company, Johnson & Johnson, Procter & Gamble, Ecolab Inc., Reckitt Benckiser Group plc, Metrex Research LLC, Acuro Organics Limited, Medline Industries Inc., Evonik Corporation, Sanosil LTD, STERIS Corporation, Diversey Inc., GOJO Industries Inc., Kimberly-Clark Corporation, Reckitt Benckiser Group plc, Microban International Ltd., Professional Disposables International Inc. (PDII), GOJO Industries, Safetec of America Inc., Spartan Chemical Company Inc., Stepan Company, Virox Technologies Inc., Zep Inc., Betco Corporation, Clariant AG, DuPont de Nemours Inc., Lonza Group Ltd.
Surface Disinfectant Market 2024 Key Insights:
• The surface disinfectant market size is expected to see rapid growth in the next few years. It will grow to $8.13 billion in 2028 at a compound annual growth rate (CAGR) of 11.1%.
• Hygiene Awareness Boosts Surface Disinfectant Market
• Advanced Technologies Revolutionize Surface Disinfection
• North America was the largest region in the surface disinfectants market share in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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