SAN FRANCISCO, June 16, 2020
SAN FRANCISCO, June 16, 2020 /PRNewswire/ -- The global surface disinfectant market size is expected to reach USD 2.5 billion by 2027 registering a CAGR of 7.6%, as per a new report by Grand View Research Inc. Growing awareness regarding preventive healthcare and hygiene is likely to be the prime factor driving the market. Furthermore, recent outbreak of COVID-19 will drive the demand for surface disinfectants.
Key suggestions from the report:
Read 170 page research report with ToC on "Surface Disinfectant Market Size, Share & Trends Analysis Report By Form (Liquid, Wipes), By Source (Chemical/Synthetic, Bio-based), By End-use (Residential, Industrial & Institutional), And Segment Forecasts, 2020 - 2027" at: https://www.grandviewresearch.com/industry-analysis/surface-disinfectant-market
The product demand is likely to be prominent in the industrial and institutional sector, which includes hospitals, clinics, food processing industries, aquaculture and meat processing industries among others. Growing incidences of bacterial and viral infections have led to the mandatory implementation of certain infection control practices, including the periodic application of surface disinfectants. In addition, rising awareness regarding health, disease spreads, and proper hygiene has propelled the product demand in domestic and residential applications as well.
Developing countries in support of government initiatives, such as the 'Swachh Bharat Mission' of India, project lucrative opportunities for the market growth in near future. The market is likely to witness an accelerated growth in 2020 and onwards owing to rising product demand in the wake of COVID-19 pandemic across the geographies. The demand has increased sharply from prominent economies, such as China, Italy, India, U.K., France, U.S., and Iran, which are some of the worst-hit economies due to the virus.
Growing adoption of novel and advanced technologies by major manufacturers for the production of disinfectants with enhanced effectiveness is witnessed as a major market trend. Changing consumer preference towards bio-based products due to awareness about the adverse effects of chemical/synthetic-based disinfectants will also boost the market growth. However, production expansion and meeting the rising product demand amid Corona Virus spread is likely to be a key concern amongst the manufacturers.
Grand View Research has segmented the global surface disinfectant market on the basis of source, form, end use, and region:
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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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