Surface Disinfectant Market Growth Accelerated by Expanded Application Areas

 


    

Surface disinfectants play a vital role in controlling and preventing the spread of infectious diseases by disinfecting or sterilizing surfaces. They are commonly used in healthcare facilities, hospitality establishments, food industry, and other commercial and residential spaces to sanitize high-touch surfaces like door handles, tables, faucets, bed rails, equipment, and electronic devices. Growing concerns regarding hygiene and safety along with increasing incidents of hospital acquired infections are propelling the demand for surface disinfectants. The global surface disinfectant market is estimated to be valued at US$ 7347.2 Mn in 2023 and is expected to exhibit a CAGR of 18% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The expanded application of surface disinfectants beyond healthcare into various commercial sectors like hospitality, food service, and corporate workplaces is driving the growth of 18% CAGR in the surface disinfectant market during the forecast period. With rising health consciousness among consumers and strict safety regulations, many organizations are implementing stringent protocols for regularly disinfecting high-touch surfaces. This is increasing the consumption of various forms of surface disinfectants like liquids, wipes, and sprays. The market growth is further fueled by shifting preferences towards safer disinfectants like hydrogen peroxide and citric acid-based formulas owing to their lower toxicity.

Segment Analysis

The Global surface disinfectant market size is segmented by type, form, end use and region. Based on type, the quaternary ammonium compounds segment is expected to dominate the market over the forecast period. Quaternary ammonium compounds are commonly used due to their antibacterial and germicidal properties and ability to kill viruses on surfaces. They are effective disinfectants against various bacteria and fungi.

Key Takeaways

The global surface disinfectant market is expected to witness high growth over the forecast period of 2023 to 2030.The market is estimated to witness a CAGR of 18% during the forecast period.

Regional analysis: The North America region currently dominates the market for surface disinfectants owing to higher awareness regarding hygiene and increasing spread of healthcare associated infections in countries like the USA. However, Asia Pacific is expected to witness the fastest growth over the coming years due to rising incidence of infectious diseases and growing healthcare sector in developing countries like India and China.

Key players operating in the surface disinfectant market are FIMER SpA, Amara Raja Batteries Ltd, Samsung SDI, Energizer Holding Inc., Luminous Power Technologies Private Limited, LG Energy Solution, Ltd., Duracell Inc., Panasonic Corporation, Siemens AG. FIMER SpA holds the largest market share currently due to its wide product portfolio and global presence.

Get More Insights On This Topic: https://www.newsstatix.com/surface-disinfectant-market-size-share-analysis-2023-2030/


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