Surface Disinfectant Market to Surpass US$ 12,562.1 Mn by 2030 - Coherent Market Insights

Surface disinfectants are chemical compounds that are used to kill microorganisms that are present on surfaces. These products are commonly applied on solid surfaces such as doors, walls, and floors to keep them clean and prevent transmission of diseases Surface disinfectants are widely used in hospitals and research laboratories. They have an important role to play in critical care units in healthcare sector.

Market Statistics:

The global Surface Disinfectants Market is estimated to account for US$ 6,405.2 Mn in terms of value by the end of 2023.

Global Surface Disinfectants Market: Drivers

Growing number of surgical procedure is expected to drive growth of the surface disinfectant market. As per the statistics from World Health Organisation 2018, there was an estimated 2.09 million breast cancer cases in 2018 across the world and the number is expected to increase by 2040. This factor is expected to augment the demand for related surgeries which will leads to the demand of surface disinfectants for clean and infection free environment. Furthermore, governmental organizations are enforcing hygiene and sanitation measures in hospitals and other public places. These strict guidelines have led to the rapid increase in the adoption of disinfectants in developing nations.

Global Surface Disinfectants Market: Opportunities

A significant number of hospitals and medical centers are now using surface disinfectants to prevent the transmission of bacteria and other infections. Moreover, the increase in health expenditures and governmental regulations to protect public health will also boost the market growth. Increasing awareness among consumers about personal hygiene is expected to hold potential growth opportunities for market.

Global Surface Disinfectants Market: Restraints

Increasing development of alternative technologies is expected to hamper the market growth. Also, adverse effect of chemical disinfectant is again expected to hinder the market growth.

Global Surface Disinfectants Market - Impact of Coronavirus (Covid-19) Pandemic:

According to WHO situation report-139, as of June 07, 2020, there are more than 6,799,713 confirmed cases of COVID-19, with more than 397,388 deaths across the world. The Americas hold the largest portion of 3,234,875 confirmed cases, with 179,394 deaths across the region. Due to the high transmission rate and lack of treatment for the same, many countries, such as the United States, Canada, Mexico, suffered an unprecedented burden on both the countries’ economies and their healthcare systems. As surface disinfectants provide protection in healthcare facilities and protect workers performing medical procedures that expose them to patients’ respiratory secretion, their usage is rising.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/surface-disinfectant-market-5522

Key Takeaways:

The global surface disinfectants market was valued at US$ 6,805.5 Mn in 2022 and is forecast to reach a value of US$ 12,562.1 Mn by 2030 at a CAGR of 7.96% between 2023 and 2030.

Alcohols segment held dominant position in the global Surface Disinfectants market in 2022, accounting for 38.88% share in terms of value, increasing approval and launch of new products is expected to propel growth of the segment during the forecast period.

Global Surface Disinfectants Market Trends:

Rise in the demand for multipurpose cleaners is on high. Such cleaners are convenient and cost-effective. Because of this, consumers are willing to opt for these products. Moreover, the rising disposable incomes of people have contributed to this trend.

New product launch due to ongoing innovation in the field is a growing trend. For instance, in October 2022, Deepak Fertilisers and Petrochemicals Corporation (DFPCL) has launched Cororid disinfection solutions designed to cater to the specific needs of hospitals, clinics, laboratories, and other medical and healthcare set-ups.

Global Surface Disinfectants Market: Competitive Landscape   

3M, Reckitt Benckiser Group PLC, Procter & Gamble, Cantel Medical Corporation, The Clorox Company, Ecolab, SC Johnson Professional, Whiteley Corporation, and Steris PLC

Global Surface Disinfectants Market: Recent Developments

In June 2020, Ecolab received an US EPA (Environmental Protection Energy) approval for its product “Advacare Disinfectant” against the emerging pathogen SARS-CoV-2.  It is the first laundry disinfectant and oxidizer to receive this approval.

In August 2022, PDI announced the dual launch of novel, innovative disinfectants to help infection prevention professionals in the fight against rising healthcare-associated infections (HAIs) as well as the ongoing battle against Covid-19. The new products, Sani-24 Germicidal Disposable Wipe, Sani-HyPerCide Germicidal Disposable Wipe and Sani-HyPerCide Germicidal Spray, further support PDI's commitment to help prevent infections and promote health and wellness.