Product ID: SQMIG15A2092
Global Surface Disinfectant Market Size, Share, Growth Analysis, By Type(Quaternary Ammonium Compounds, Hypochlorite), By Formulation(Liquids, Wipes), By End-Use(Hospitals & Clinics, Outpatient Surgical Centers) - Industry Forecast 2024-2031
Report ID:
SQMIG15A2092 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|
Tables:
92 |
Figures:
80
Global Surface Disinfectant Market Insights
Surface Disinfectant Market size was valued at USD 5.49 billion in 2022 and is poised to grow from USD 5.88 billion in 2023 to USD 10.18 billion by 2031, growing at a CAGR of 7.10% during the forecast period (2024-2031).
An anti-microbial substance known as a surface disinfectant is used to eliminate any viruses or microorganisms that may be present on various surfaces. 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' economy and livestock farmers' awareness of animal diseases. Due to the COVID-19 epidemic, which caused numerous industrial centers and factories to close globally, there has been a major decrease in demand for raw materials and active chemicals. There has been a mismatch between supply and demand as a result of several factories operating at lower capacity or possibly shutting down. Nonetheless, an increase in the need for cleaning supplies, sanitizers, and disinfectants is anticipated to benefit market expansion. The by-products of the petroleum industry make up the majority of the raw materials utilized in the manufacture of surface disinfectants. These raw ingredients are generally sourced locally by firms in China, North America, and the developed economies of Europe. The industry has recently noticed a movement in the employment of biodegradable surface cleaners as a means of reducing toxicity caused by chemicals. Biodegradable surface disinfectants can be made from less expensive, more readily available raw ingredients. Surface disinfectants have seen a small to moderate price increase; nevertheless, the COVID-19 pandemic's unexpected increase in demand has led to supply constraints, which have further increased prices in 2020 and may continue at least into the first half of 2021.
The demand for the product has increased due to the strict regulatory standards for disinfection in commercial, industrial, and institutional sectors. Surface disinfectants contain a variety of chemical components that, when used according to instructions, produce outstanding results. They aid in stopping the spread and occurrence of numerous diseases. They, however, have the potential to be detrimental to both people and animals and ultimately cause environmental issues. The expansion of the industry may be threatened by incomplete understanding regarding the safe application of surface disinfectants and the health risks connected to these products.
US Surface Disinfectant Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Surface Disinfectant Market Report Snapshots
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