Surface Disinfectant Market - Study in terms of product, type, application, and region by 2025

The global surface disinfectant market is predominantly driven by the increasing awareness generally about hygiene and cleanliness among individuals. Another crucial factor stoking growth is efforts from state authorities to raise awareness about the importance of hygiene and cleanliness, and regulations in place for the same that commercial establishments need to adhere to.

The rising education level and rising disposable incomes in emerging economies resulting in increasing use of disinfectants to prevent germs from breeding is also acting in favor of the market.

On the flip side, acting as a barrier to the growth of the market is reactivity of certain chemical formulations, which is limiting their use. The incessant use of these products resulting in several microorganisms develop resistance towards these products is also challenging the growth of global surface disinfectant market.

A report by Transparency Market Research forecasts the global surface disinfectant market to expand at a CAGR of 10.4% for the forecast period between 2016 and 2024 and attain a value of US$1.77 bn by 2024. The market was worth US$802.9 mn in 2016.

The global surface disinfectant market is studied in terms of product, type, application, and region in this report.

Browse Market Research Report @ http://www.transparencymarketresearch.com/surface-disinfectant-market.html

Competitive Price key to High Sales of Sodium Hypochlorite Products

The segments into which the global surface disinfectant market is classified based upon product are sodium hypochlorite, phenols, quaternary ammonium compounds, hydrogen peroxide, peracetic acid, biguanides, amphoterics, and aldehydes. The segment of sodium hypochlorite, among all, holds the leading market share in terms of volume. The low cost factor and relatively stable nature of sodium hypochlorite-based products is the key factor behind the growth of this segment.

On the other hand, the segments of quaternary ammonium compounds and peracetic acid are expected to surpass other segments in terms of growth over the forecast period. This is mainly because they serve advantages of cost-competitiveness and efficacy over other product segmnets. Also, the relatively new availability of these products extends scope for their further development.

Biguanides and amphoterics have a small market share, primarily because of their high price factor. Aldehydes have a low share in the market as they are highly reactive.

By type, liquids, sprays, wipes, and other are the segments of the surface disinfectant market that are in the scope of this report. Among all, liquids account for leading share of the market due to their ease of use complemented with their favorable price and availability features. Liquids are likely to retain their high growth rate over the forecast period. The segment is followed by sprays and wipes in terms of market share.

For more information on this report, fill the form  @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=16955

The application segments into which the global surface disinfectant market is segregated are hospitals and clinics, outpatient surgical centers, restaurants and food chains, households, and others. Of them, hospitals, clinics, and outpatient surgical centers are currently the leading end-use segments of surface disinfectants. However, the segment of restaurants and food chains is expected to surpass other segments in terms of growth rate over the forecast period. This is mainly because of hygiene and cleanliness regulations in place that food service establishments need to adhere to for food safety.

Enforcement of Hygiene and Cleanliness Standards for Commercial Establishments Pushes Asia Pacific to Dominant Position

The key segments of the market, based upon geography are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is expected to emerge as a significant market for surface disinfectants aided by the rising disposable incomes, cleanliness and hygiene regulations in place by state authorities, and the expanding construction sector. The regional market is expected to expand at a CAGR of 11.3% between 2016 and 2024.

The Middle East and Africa is expected to display second-leading growth rate followed by Latin America over the forecast period. North America and Europe are expected to display slow growth rate on account of being mature markets for surface disinfectants.

Some of the leading players in the global surface disinfectant market are Johnson & Johnson Services Inc., Proctor & Gamble, Kimberly-Clark, Henry Schein, DuPont, 3M, Cantel, Clorox, Ecolab, and GOJO Industries.

About Us:-

Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers.

We are privileged with highly experienced team of Analysts, Researchers and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Contact Us:-

Transparency Market Research

90 State Street, Suite 700, Albany, NY 12207

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com

Website: http://www.transparencymarketresearch.com/

Visit Blog: http://marketresearchreports2017.blogspot.in

This release was published on openPR.