January 05, 2022
According to the research report titled ‘Global Surface Disinfectant Market - Analysis By Composition, Type, Application, By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2020-2025)’, available with MarketStudyReport. global surface disinfectant market is slated to record a notable CAGR over the analysis timeframe 2020-2025.
Rising incidence of hospital-acquired infections, coupled with introduction of rules & regulations promoting use of cleaning products in hospitals, diagnostic laboratories, analysis laboratories, and pharma & biotechnology labs are acting as a major impetus to global surface disinfectant market growth.
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The advent of the coronavirus (COVID-19) pandemic has bolstered the demand for surface cleaners for disinfecting surfaces like doorknobs, tables, light-weight switches, and countertops, and sanitizing soft surfaces such as carpeted floor, rugs, and drapes. These factors are likely to positively sway the industry outlook in the forthcoming years.
Based on composition type, the market is split into peracetic acid, quaternary ammonium compounds, alcohol, chlorine compounds, hydrogen peroxide, and others. Of these, alcohol segment currently captures a major market share on account of high product demand for cleaning hard surfaces in laboratories and hospitals, as well as heavy use of ethanol-based disinfecting chemicals in commercial applications.
By product type, global surface disinfectant market is arrayed into liquids, wipes, and sprays. Liquids segment is anticipated to record noteworthy growth over 2020-2025, as these products are effective against several types of micro-organisms which cause respiratory and enteric infections and wounds.
Considering application scope, the industry fragmentation comprises commercial, residential, health care facilities, and others. The health care facilities segment is poised to account for a major industry share over the analysis period, driven by high product demand for preventing HAIs and other rising threats in these settings.
On the regional front, North America market presently holds a substantial revenue share, driven by increasing initiatives towards establishment of guidelines for use of cost-effective, easy to use, and efficient disinfecting products in the healthcare sector, particularly in childcare.
Major contenders in worldwide surface disinfectant industry are CavinKare Group, Ineos Group Ltd., EQT AB, Tristel plc, Cantel Medical Corp., Reckitt Benckiser Group plc, Clorox Co., Ecolab Inc., Procter & Gamble Co., and 3M Company.