Surface Disinfectant Market Size to Reach USD 1215 Million by 2027 at a CAGR of 7.2% | Valuates Reports

Surface Disinfectant Market Size to Reach USD 1215 Million by 2027 at a CAGR of 7.2% | Valuates Reports

PR Newswire

BANGALORE, India, Jan. 12, 2022

BANGALORE, India, Jan. 12, 2022 /PRNewswire/ -- The Global Surface Disinfectant Market is Segmented by Type (Liquid, Spray, Wipe), by Application (In-House, Hospital, Laboratories) and Geography – Global Forecast up to 2027. It is published in Valuates Reports under the Cleaning Agents Category.

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The global Surface Disinfectant market was valued at US$ 729.5 million in 2020 and it is expected to reach US$ 1215.5 million by the end of 2027, growing at a CAGR of 7.2% during 2021-2027.

Major Factors driving the growth of the Surface Disinfectant market are :

Rising awareness about regular cleaning and disinfection of houses is expected to drive the growth of the surface disinfectant market.

Furthermore, the increasing number of HAI ( Hospital-acquired infection ) in turn necessitates the need for using a surface disinfectant, thereby driving the surface disinfectant market growth. 

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TRENDS INFLUENCING THE GROWTH OF SURFACE DISINFECTANT MARKET:

Growing consumer awareness about maintaining in-house hygiene is expected to drive the growth of the surface disinfectant market. Disinfecting in-house surfaces does not necessarily clean or kill all germs, but it helps reduce the likelihood of illnesses and diseases caused by bacteria, fungi, or viruses spreading. This factor is anticipated to contribute to the Surface Disinfectant market expansion. Furthermore, the in-house usage of bio-based surface disinfectants promises lucrative growth potential, assisted by consumer awareness of the harmful impacts on the environment and health.

Hospital-acquired infections (HAIs) are nosocomial infections that occur during a patient's stay in a hospital or other healthcare facility and are not detected at the time of admission. Central line-associated bloodstream infections, surgical site infections, catheter-associated urinary tract infections, hospital-acquired pneumonia, ventilator-associated pneumonia, and Clostridium difficile infections are examples of these infections. The prevalence of HAIs is primarily determined by the patient's immune status, infection control practices, and the presence of various infectious agents in and around the healthcare facility. Thus the increase in the number of HAI is expected to drive the disinfectant market. 

The proliferation of COVID-19 has sparked a boom in the cleaning and Surface Disinfectant market. The pandemic has wreaked havoc on healthcare systems around the world, with hospitals being overloaded as the number of patients rises. Temporary hospitals are also being built to deal with the rising number of diseases. This in turn puts a need for disinfecting the surface and keeping the hospital area as clean as possible. 

Furthermore, mounting demand for green solutions, such as biobased surface disinfectants, continues to contribute to industry growth across various countries.

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SURFACE DISINFECTANT MARKET SHARE ANALYSIS:

The liquid form segment is expected to be the most lucrative during the forecast period. Surface disinfectants in liquid form are frequently found as gels or low viscosity liquids. They are antimicrobial compounds that are powerful, biocidal, or poisonous and can be used in contaminated areas.

The in-house application segment is expected to be the most lucrative during the forecast period.

Based on regionNorth America held the largest Surface Disinfectant market share of about 42%. Europe is the second-largest region-wise market with a 20% market share.

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TOP COMPANIES IN THE SURFACE DISINFECTANT MARKET:

At present, the major manufacturers of Surface Disinfectants are STERIS Corporation, Reckitt Benckiser, Metrex, 3M, Cantel Medical Corp, and Johnson & Johnson. 

STERIS Corporation is the world leader, holding a 6% production market share.

Other Companies are:

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SIMILAR REPORTS:

-  The global Disinfectant Equipment market size is projected to reach USD 8045.5 Million by 2028, from USD 5254.5 Million in 2021, at a CAGR of 6.2% during 2022-2028.

-  The Global sodium hypochlorite market is projected to grow at a CAGR of 5.01% during the forecast period 2020-2026.

-  In 2020, the global Hydrogen Peroxide market size was USD 4909 Million and it is expected to reach USD 6632.6 Million by the end of 2027, with a CAGR of 4.3% during 2021-2027.

-  The global Sterile Surface Disinfectant market was valued at USD 4422 Million in 2020 and is expected to reach USD 7283.1 Million by the end of 2027, growing at a CAGR of 4.2% during 2021-2027.

-  Due to the COVID-19 pandemic, the global Hand Sanitizers market size is estimated to be worth USD 2232.3 Million in 2022 and is forecast to be a readjusted size of USD 2940.6 million by 2028 with a CAGR of 4.7% during the review period.

-  The global Surfactants market size is projected to reach USD 38320 Million by 2027, from USD 31910 Million in 2020, at a CAGR of 3.1% during 2021-2027.

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