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At MarketsandMarkets™, analysts are undertaking continuous efforts to provide analysis of the COVID-19 impact on the Surface Disinfectant Market. We are working diligently to help companies take rapid decisions by studying:
- The impact of COVID-19 on the Surface Disinfectant Market, including growth/decline in product type/use cases due to the cascaded impact of COVID-19 on the extended ecosystem of the market
- The rapid shifts in the strategies of the Top 50 companies in the Surface Disinfectant Market
- The shifting short-term priorities of the top 50 companies’ clients and their client’s clients
You can request an in-depth analysis detailing the impact of COVID-19 on the Surface Disinfectant: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=231286043
According to the recent report “Surface Disinfectant Market by Composition (Quaternary Ammonium, Alcohols, Chlorine, Hydrogen Peroxide), Type (Liquids, Sprays, Wipes), Application (In-house, Instrument), End User (Hospital, Diagnostic, Research Labs) – Global Forecast to 2024″, published by MarketsandMarkets™, is projected to reach USD 1,252 million by 2024 from USD 837 million in 2019, at a CAGR of 8.4% from 2019 to 2024.
Browse in-depth TOC on “Surface Disinfectant Market”
101 – Tables
30 – Figures
141 – Pages
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The growth of this market is majorly driven by the increasing prevalence of hospital-acquired infections (HAIs) globally, presence of stringent regulations for the use of surface disinfectants (in hospitals, diagnostic laboratories, pharmaceutical & biotechnology companies, and research laboratories), and advancements in surface disinfectants.
Alcohols are expected to dominate the surface disinfectants devices market in 2019.
On the basis of composition, the surface disinfectants market is segmented into alcohols, chlorine compounds, quaternary ammonium compounds, hydrogen peroxide, peracetic acid, and other compositions. In 2019, the alcohols segment is expected to account for the largest market share. The high use of alcohols on hard surfaces in hospitals and laboratories is driving the growth of this segment. Other segments, such as hydrogen peroxide and peracetic acid are expected to have higher growth rates due to their growing acceptance in surface disinfectant formulations.
Liquids are expected to dominate the surface disinfectants devices market in 2019.
On the basis of type, the surface disinfectants market is segmented into liquids, wipes, and sprays. The liquids segment is expected to account for the largest market share in 2019. This can primarily be attributed to the wide usage of these disinfectants, especially in emerging and underdeveloped countries, due to their low cost.
The in-house surfaces segment to dominate the surface disinfectants market in 2019.
The surface disinfectants market, by application, is segmented into in-house surfaces, instrument disinfection, and other applications. In 2019, the in-house surfaces segment is expected to account for the largest share of the surface disinfectants market. The large share of this segment can primarily be attributed to the large volume of disinfectants required to clean in-house surfaces in healthcare settings.
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North America to command the largest share of the surface disinfectants market in 2019.
Based on region, the surface disinfectant market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. In 2019, North America is projected to command the largest share of the surface disinfectants market. The large share of this market segment can be attributed majorly to the high prevalence of HAIs and the presence of stringent infection control regulations in the region.
The major players operating in this market are 3M Company (US), Procter & Gamble (US), Reckitt Benckiser Group plc. (UK), Clorox Company (US), and Ecolab (US).