Surface Disinfectants Market Analysis | Market to expand by USD 1.20 Bn in revenue through 2023- 2027
Trends, Drivers and Forecasts for Market Players 2023-2027
According to projections, the surface disinfectants market is expected to grow at a compound annual growth rate (CAGR) of 5.66%, followed by USD 1.20 billion,revenue growth in next five years.
Surface Disinfectants Market Trends
When it comes to market trends Increasing investments in healthcare industry is propelling the market advancements.Investing in hospitals, clinics, and medical centres has increased the demand for larger facilities and more surfaces that require routine disinfection. The demand for surface disinfection products is driven by this increased surface area,followed by patient safety and infection control; as these are given top priority in healthcare facilities.
" Investments in these sectors result in more stringent hygiene regulations, necessitating the use of powerful and efficient surface disinfectants to stop illnesses linked to healthcare."
Snapshot of Surface Disinfectants Market Analysis
Surface Disinfectants Market Segmentation
The market segmentation of Surface Disinfectants Market, consists of categorization based on Product, including Hypochlorite, Quaternary ammonium compounds, Hydrogen peroxide, Chlorhexidine gluconate, and Others. It further segments the market by Type, encompassing Liquids, Sprays, and Wipes. Additionally, the report provides geographical segmentation, covering North America, Europe, APAC, Middle East and Africa, and South America.
Surface Disinfectants Market: What are the Growth Drivers?
Surface disinfectant market expansion is being driven by rising investments in the healthcare sector. Investments in healthcare infrastructure, such as hospitals, clinics, and medical centres, have led to the requirement for larger buildings with more surfaces that require routine disinfection. The need for goods with surface disinfectants is fueled by the need for Infection control and patient safety are given top priority in healthcare facilities.
3M Co., BASF SE, Clariant International Ltd., Ecolab Inc., Reckitt Benckiser Group Plc, S. C. Johnson and Son Inc., Solvay SA, STERIS Plc., The Clorox Co., and The Procter and Gamble Co. are some of the major market participants of the Surface Disinfectants Market that comes with wide range of products and offerings.
Surface Disinfectants Market Highlights of the Report for 2023-2027