A recent report ongoing study by Infinium Global Research on the surface disinfectant market provides in-depth analysis of segments and sub-segments in the BRICS as well as the regional surface disinfectant market. The study also highlights the impact of drivers, restraints, and macro indicators on the BRICS and regional surface disinfectant market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the BRICS surface disinfectant market. According to the report, the BRICS surface disinfectant market is projected to grow at a significant CAGR over the forecast period of 2022-2028.
A surface disinfectant in its liquid form has been found to be highly utilized because of its easy availability, affordable pricing, and easy use. Wipes and sprays have emerged as the next most preferable choice. Disinfectants are generally known for various antimicrobial agents like antibiotics, which destroy antiseptics and microorganisms within the body. It also destroys microorganisms on living tissue. Disinfectants also are different from biocides—the latter are intended to destroy all types of life, not just microorganisms. Disinfectants work by destroying the cytomembrane of microbes or interfering with their metabolism. It's also a type of decontamination and may be defined as a process whereby physical or chemical methods are utilized to reduce the number of pathogenic microorganisms on a surface.
The growth of the market is attributed to the rising scope of wide use in the healthcare sector. The increase in the government efforts by investing a copious amount in building public hospitals simultaneously increases the use of surface disinfectant solutions to minimize the transmission of the disease is expected to enhance the growth of the BRICS surface disinfectant market during the forecast period. Moreover, the residential sector is expected to shape the market landscape owing to rising use with the need to maintain surface infection-free and promote children's good health and is expected to spur the growth of the BRICS surface disinfectant market in the coming years. Emerging economies within the BRIC region present lucrative investment opportunities for multinational infection control companies to offshore their business operations to the markets. However, the Rising number of adverse effects of chemical disinfectants will hamper the expansion of the market during the forecast period.
The outbreak of COVID-19 increased the requirement for surface disinfection and cleaning practices significantly. Since the outbreak in 2020, the virus spread very quickly to all or any parts of the globe, infecting millions. All the possible measures were taken to prevent the spread of the deadly virus, which includes disinfection and cleaning of various surfaces. This drastically increased the demand for surface disinfectants during the pandemic. Increasing cases of COVID-19 and zoom within the healthcare sector across various countries such as India and China have led to increasing demand for high-quality surface disinfectant products. Because of the high population in India and China, the demand for the surface disinfectant is high which propelled the expansion of the market during the covid-19 pandemic within the forecast period.
In terms of region, the BRICS surface disinfectant market is segmented into Brazil, Russia, India, China, and South Africa. India. China holds the biggest market share during the forecast period. In China, health, and hygiene-related awareness, and increased healthcare spending will propel the expansion of the region. Rising health and hygiene awareness among the consumers amidst the COVID-19 pandemic together with an increasing number of patients with infectious diseases are the key factors attributing to the business growth in China. Increasing health consciousness and preventing the spread of the civil-19 virus has enhanced the employment of surface disinfectants within Brazil and Russia. India and China countries are expected to dominate the market in the BRICS region. Furthermore, the increasing presence of major market players and rising development in advanced healthcare infrastructure will propel the expansion of India and China during the forecast period.
The report on the BRICS surface disinfectant market covers segments such as composition, end-user, and distribution channel. On the basis of composition, the sub-markets include hypochlorite, alcohols, aldehydes, and peroxide. On the basis of end-user, the sub-markets include healthcare, hospitality, food & beverage, and residential. On the basis of distribution channel, the sub-markets include online, and offline.
The report provides profiles of the companies in the market such as Proctor & Gamble, 3M India Limited, Henkel Adhesives Technologies India Private Limited, The Clorox Company, Reckitt Benckiser Group, Cantel Medical, Kimberly-Clark Professional, ITC Limited, CavinKare Pvt. Ltd., and N. Ranga Rao and Sons Pvt. Ltd.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the BRICS surface disinfectant market. Moreover, the study highlights current market trends and provides forecast from 2022-2028. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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