May 18, 2023   SOURCE: BusinessWire

Global Surface Disinfectant Market Report 2023: Increasing Rates of Contamination/Health Risks Fuel the Sector - ResearchAndMarkets.com

The "Surface Disinfectant Market, by Type, by Composition, by Application, and by Region - Global Forecast to 2023-2033" report has been added to ResearchAndMarkets.com's offering.

The global surface disinfectant market size was USD 5,645.2 million in 2022 and is expected to reach at USD 12,178.8 million by 2033 with a CAGR of 7.24% during the forecast period 2023 to 2033.

The need for surface disinfectants will increase as a consequence of increasing concern about hospital-acquired infections are some of the factors contributing to the market growth. Increase the number of government-funded initiatives aimed at raising consumer awareness are some other factors contributing to the market growth. However, handling dangerous chemicals when making disinfectants to hinder market growth.

The increased prevalence of hospital-acquired diseases is the main driver for surface disinfectants. (HAls). Hospital-acquired infections develop in patients when they are receiving medical care, but they are not identified at the time of admission.

Surgical site infections, catheter-associated infections, ventilator-associated pneumonia, and other infections are connected to medical equipment and invasive technologies. The prevalence of HAls has significantly decreased as a result of these disinfectants' ongoing usage in healthcare institutions.

The rules that the government organizations are enforcing to emphasize hygiene at medical institutions would increase demand, functioning as the market driver.

Governments have taken several steps to educate the public about the value of maintaining good hygiene. The epidemic increased consumer awareness of the importance of upholding a basic level of hygiene in all places.

Unsanitary conditions have an impact on a vast range of illnesses and are also a source of their spread. Because of these government regulations, rising hygiene awareness has boosted the need for surface disinfectants and is anticipated to fuel market expansion.

Market Dynamics

Drivers

  • The demand for Disinfectants
  • Increasing rates of contamination/Health risks
  • Expanding Cleaning industry
  • Ease of Availability

Restraint

  • High cost of manufacturing
  • Side Effects of Use
  • Chemical fumes

Opportunities

  • Rising Investment Opportunities
  • Favorable Policies
  • Increasing end use

Trends

  • New Product Launches
  • Use of cutting-edge technology
  • Innovative Methods and new techniques

Challenges

  • Lack of keeping up with quality
  • Health Risk Involved
  • Lack of poor Handling

Companies Mentioned

  • PDI Inc.
  • GOJO Industries Inc.
  • W.M. Barr
  • Carenowmedical
  • Reckitt Benckiser Group PLC
  • PaxChem Ltd.
  • Spartan Chemical Company Inc.
  • W.W. Grainger Inc.
  • BODE Chemie GmbH
  • Whiteley Corporation
  • Lonza
  • SC Johnson Professional
  • Star Brands Ltd.
  • The 3M Company
  • Ecolab
  • Procter & Gamble
  • The Clorox Company
  • BASF SE
  • Evonik Industries AG
  • Kimberley-Clark Corporation (KCWW)
  • Medline Industries Inc.

Market Segmentation:

By Type (Revenue, USD Million), 2022 - 2033

  • Aerosol
  • Gel
  • Liquid
  • Wipe

By Composition (Revenue, USD Million), 2022 - 2033

  • Alcohols
  • Chlorine Compounds
  • Quaternary Ammonium Compounds
  • Hydrogen Peroxide
  • Peracetic Acid
  • Others

By Application (Revenue, USD Million), 2022 - 2033

  • Residential
  • Commercial
  • Health Care Facilities
  • Others

By Region (Revenue, USD Million), 2022 - 2033

North America

  • U.S.
  • Canada

Europe

  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of APAC

Latin America

  • Brazil
  • Mexico
  • Argentina
  • Rest of LATAM

Middle East & Africa

  • South Africa
  • GCC
  • Rest of MEA

For more information about this report visit https://www.researchandmarkets.com/r/kpzaz1

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