Global Surface Disinfectant Market Estimated to Reach US$ 1.77 Bn by 2024

Transparency Market Research has released a new market report titled “Surface Disinfectant Market for Hospital & Clinics, Outpatient Surgical, Restaurants & Food, Households and Other Applications – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016–2024.” According to the report, the global surface disinfectant market was valued at US$ 802.9 Mn in 2016 and is projected to reach US$ 1.77 Bn by 2024 at a CAGR of 10.4% from 2016 to 2024.

Browse the full report at@ http://www.transparencymarketresearch.com/surface-disinfectant-market.html

Drivers of the surface disinfectant market include increased awareness about hygiene and cleanliness among the population and government. This has also led to higher spending on healthcare infrastructure and services. The shift of population from rural to urban areas has given a fillip to this particular driver of demand. These factors are highly relevant in the developing countries of Asia Pacific, Latin America, and the Middle East & Africa. As a result, these regions are expected to grow at a faster rate as compared to other regions. On the other hand, North America and Europe are mature markets, with population and government awareness already high. Hence, the growth rate of these regions is expected to slow down during the forecast period. Another factor driving the surface disinfectant market is regulatory changes. New regulations have opened new industries for surface disinfectant products. For example, the past few years have witnessed more demand from restaurants and food chains, whereas in the coming years, the dairy and pharmaceuticals industry is expected to contribute significantly to the demand for surface disinfectants. On the other hand, the relentless use of these products has resulted in certain restraints like microorganisms developing resistance to the products. Another factor holding back the market across all regions is the highly reactive nature of certain chemical compositions, thereby limiting usage of certain products.

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The surface disinfectant market in Asia Pacific is expected to grow at a higher rate, aided by the amount of construction activity in the region. For example, more and more households and commercial buildings are being constructed in the region, thereby helping to increase the usage of surface disinfectant products. The number of restaurants and food chains are also rising at a faster pace in Asia Pacific, helped by the rising disposable income of the region’s population. Similarly, a higher percentage of population in the region can now afford to visit hospitals, clinics, and outpatient surgical centers, leading to a higher rate of growth even in the medical industry.

Middle East & Africa is expected to have the second fastest growth rate for surface disinfectants, followed by Latin America. North America and Europe are expected to grow at a comparatively slower rate on account of being mature markets.

The global surface disinfectant market has been segmented as follows:

Surface Disinfectant Market: Product Analysis

  • Sodium Hypochlorite

  • Phenols

  • Quaternary Ammonium Compounds (QACs)

  • Hydrogen Peroxide

  • Peracetic Acid

  • Biguanides

  • Amphoterics

  • Aldehydes

Surface Disinfectant Market: Type Analysis

  • Liquids

  • Sprays

  • Wipes

  • Others

Surface Disinfectant Market: Application Analysis

  • Hospitals & Clinics

  • Outpatient Surgical Centers

  • Restaurants & Food Chains

  • Households

  • Others

Surface Disinfectant Market: Regional Analysis

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Italy

    • Russia

    • France

    • Germany

    • Rest Of Europe

  • Asia Pacific

    • China

    • India

    • ASEAN

    • Japan

    • Rest Of Asia Pacific

  • Latin America

    • Brazil

    • Mexico

    • Rest of South America

  • Middle East & Africa (MEA)

    • GCC

    • South Africa

    • Rest of MEA

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