A recent
report published by Infinium Global Research on the surface disinfectant market
provides an in-depth analysis of segments and sub-segments in the global as
well as the regional surface disinfectant market. The study also highlights the
impact of drivers, restraints, and macro indicators on the global and regional
surface disinfectant market over the short term as well as long term. The
report is a comprehensive presentation of trends, forecasts, and dollar values
of the global surface disinfectant market. According to the report, the global
surface disinfectant market is projected to grow at a CAGR of 7.5% over the
forecast period of 2022-2028.
The global
surface disinfectant market was valued at USD 5.7 billion in 2022 and is
expected to reach USD 9.0 billion in 2028, with a CAGR of 7.76% during the
forecast period. A surface disinfectant in its liquid form has been found to be
highly utilized because of its easy availability, affordable pricing, and ease
use. Wipes and sprays have emerged as the next most preferable choice.
Disinfectants are generally distinguished from other antimicrobial agents like
antibiotics, which destroy microorganisms within the body, and antiseptics,
which destroy 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 rising
number of stringent regulations for the utilization of surface disinfectants is
the major factor driving the expansion of the market. The rise in the number of
stringent regulations focuses on the event of suitable policies for
housekeeping services, which puts a premium on good housekeeping and
sanitation. Thus, because of such regulatory guidelines, there'll be an
improvement in the regular usage of surface disinfectants across healthcare
settings. Increasing healthcare expenditure and specializing in emerging
economies will create growth opportunities for the market during the forecast
period. Emerging economies, like India, Brazil, and the African nation, provide
significant opportunities for players within the sterilization and disinfection
markets. Emerging economies within the APAC 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.
In terms of
region, the surface disinfectant market is segmented into North America,
Europe, the Asia Pacific, Latin America, and also the Middle East & Africa.
North America holds the biggest market share during the forecast period. In
North America, the stringent regulations, health, and hygiene-related
awareness, and healthcare spending will propel the expansion of the region.
Rising health and hygiene awareness among consumers amidst the COVID-19
pandemic together with high healthcare spending are the key factors attributing
to the business growth in North America. Increasing health consciousness and
preventing the spread of the civil-19 virus has enhanced the employment of
surface disinfectants within Saudi Arabia. Furthermore, the increasing
prevalence of hospital-acquired infections will propel the expansion of the
Asian country region during the forecast period.
The report
on the global 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 channels, the
sub-markets include online and offline.
The report
provides profiles of the companies in the market such as Metrex Research, LLC,
Proctor & Gamble, 3M Group, Steris, The Clorox Company, Reckitt Benckiser
Group, Cantel Medical Corporation, Ecolab, Cetylite Inc., and CarrollCLEAN.
The report
provides deep insights into 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 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 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 insight into the market share
of the leading players.
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