| Source: Vantage Market Research Vantage Market Research
WASHINGTON, Dec. 22, 2022 (GLOBE NEWSWIRE) — Global Surface Disinfectant Market is valued at USD 2.6 Billion in 2021 and is projected to reach a value of USD 4.1 Billion by 2028 at a CAGR (Compound Annual Growth Rate) of 8.2% over the forecast period 2022-2028.
One of the most significant economic areas is the Surface Disinfectant business, and consistent expansion is projected going forward. Despite the industry’s turmoil, numerous things could affect its development or demise. This study assesses both the current trends and the anticipated future changes to provide a full insight of the sector. Additionally, it provides details on the significant industry players and their expansion strategies.
The report provides a thorough analysis of international producers and suppliers and their current situation and future prospects. It also details the global drivers of the demand for Surface Disinfectant, including rising investment requirements, developing technology, and new laws.
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According to Vantage Market Research, some of the key factors anticipated accelerating the Surface Disinfectant Market growth over the forecast period. The rise in demand for disinfectants for use in livestock farms is one reason for the expansion, along with changes in lifestyle in emerging nations’ economies and livestock farmers’ awareness of animal diseases. However, an increase in the need for cleaning supplies, sanitizers, and disinfectants is anticipated to benefit market expansion.
We forecast that the liquid category in the Surface Disinfectant Market sales will account for more than 30% of total sales by 2028. Liquid disinfectants are poisonous, antimicrobial, or biocidal chemicals that can be used on environmental surfaces. Surface cleaners made of biomaterials are often applied as liquids.
North America region dominates the market throughout the projection period. The market expansion in North America has recently been fueled by constantly changing legislation, health care costs, awareness of health and hygiene, and extensive Research and development efforts among surface disinfected formulators, steel production makers, and end-users.
Top Players in the Global Surface Disinfectant Market
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Rise in Use of Sodium Hypochlorite in Surface Disinfectant in Developing Nations to Boost Market Growth
The livestock business frequently uses sodium hypochlorite, one of the liquid disinfectants. Because it is watery, water hardness does not affect it. These liquid antibiotic ointments are primarily used to prevent the risk of different diseases and prevent infection in cattle. The need for caustic soda to produce Surface Disinfectants rises as a result.
Rise in Number of Government Initiatives for Spreading Consumer Awareness to Drive the Market Growth
Governments have taken numerous steps to educate the public about maintaining good hygiene. The COVID-19 epidemic gained increased awareness of the importance of upholding a basic level of hygiene in all places. Unsanitary conditions impact many diseases and are also a source of their spread. Because of these regulatory requirements, rising hygiene awareness has boosted the need for Surface Disinfectants and is anticipated to fuel market expansion.
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Top Trends in Global Surface Disinfectant Market
Top Report Findings
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Top 10 Players Generates More Than 45% of the Global Surface Disinfectant Market Revenue
The report also found that the largest players in the Surface Disinfectant Market are technology providers such as PDI Inc. (US), GOJO Industries Inc. (US), W.M. Barr & Co. Inc. (US), Spartan Chemical Company Inc. (US), W.W. Grainger Inc. (US). These companies are expected to benefit from increased demand for their products and services and growing investments in new products. Other major players include CareNow Medical Pvt. Ltd., Reckitt Benckiser Group PLC (UK), PaxChem Ltd. (India), BODE Chemie GmbH (Germany), Star Brands Ltd. (UK), The 3M Company (US), Ecolab (US), Procter & Gamble (US), The Clorox Company (US), Whiteley Corp. (Australia), Lonza Group AG (Switzerland), SC Johnson Professional (US), BASF SE (Germany), Evonik Industries AG (Germany), Kimberley-Clark Corp. (US), Medline Industries Inc. (US). As per latest report published by Vantage Market Research, top 10 companies are responsible for generating more than 45% revenue of the market.
Liquids Category in Surface Disinfectant Market to Generate Over 30% Revenue
Surface Disinfectants are an expensive investment. Vantage Market Research has analyzed the market for the Surface Disinfectant to understand its current state and potential future growth factors. Based on the type, the Surface Disinfectant Market is divided into liquids, wipes, alcohol-based wipes, quaternary ammonium compound-based wipes, and other wipes and sprays.
During the forecast period, the market for Surface Disinfectants is anticipated to experience the highest CAGR for the liquid category. This significant share results from the extensive range of liquid applications in commercial and domestic sectors for kitchen plumbing, terra cotta tile, window frames, acrylics, outdoor application surfaces, compact discs, and glassware. These surface cleaners are available in low-kinematic liquid and gel forms.
On the other hand, the wipes category is estimated to grow significantly over the forecast period. The market for wipes has shown modest growth and is anticipated to develop as an older society adopts more health and cleaning practices. Companies have also started producing and selling fragrance-based wipes and wipes that are non-toxic to the environment or biodegradable.
Browse market data Tables and Figures spread through 144 Pages and in-depth TOC on Surface Disinfectant Market Forecast Report (2022-2028).
Global Surface Disinfectant Market Segmentation
By End User
In 2022, North America is estimated to dominate the global surface disinfectant market. The largest market share of this region is primarily attributed to the number of stringent regulations for the use of surface disinfectant, increasing use of advanced surface disinfectant for sanitization, and rising demand for infection control measures to curb the occurrence of hospital-acquired infections.
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