Press Release: Surface Disinfectant Market Growth and Trends (2023-2031)

Market Overview: The global Surface Disinfectant Market has witnessed significant growth in recent years, with a market value of USD 5.17 billion in 2022. This is projected to increase to USD 9.67 billion by 2031, growing at a steady CAGR of 7.2% during the forecast period (2023–2031). The surge in demand for surface disinfectants is driven by the growing prevalence of disease outbreaks, stricter medical hygiene regulations, and the impact of the COVID-19 pandemic.

Surface disinfectants, chemical or biobased agents, play a critical role in inactivating or eradicating harmful bacteria and viruses on various surfaces. This market’s development is fueled by rising healthcare-associated infections (HAIs) and the increasing awareness of hygiene across healthcare, commercial, and residential sectors.

Market Scope: This market report delves into key segments that influence the growth of the surface disinfectant market, including product composition, form, applications, and end-users. The study covers regional market dynamics, key players, and recent developments in the industry, offering insights into the future of surface disinfectant use globally.

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Segmentation Analysis:

1. By Composition:

   • Chemical: This segment dominates the market and is expected to grow at a CAGR of 3.45%. Chemical disinfectants, such as alcohols, aldehydes, phenols, and quaternary ammonium compounds, are widely used due to their broad-spectrum effectiveness.
   • Biobased: The biobased segment is projected to witness growth due to the increasing preference for environmentally friendly solutions, though it currently represents a smaller market share.

2. By Form:

   • Liquid: The liquid form of surface disinfectants leads the market and is expected to grow at a CAGR of 10.4%. Its versatility in commercial and residential settings contributes to its dominant position.
   • Wipes & Sprays: Wipes and sprays are gaining traction due to their convenience and effectiveness for quick disinfection tasks.

3. By Applications:

   • In-House Surfaces: This segment holds the highest market share and is anticipated to exhibit a CAGR of 12.5%. Household, commercial, and industrial surfaces require regular disinfecting, especially in light of the COVID-19 pandemic.
   • Instruments & Others: Instruments in healthcare and industrial settings also require frequent disinfection to prevent contamination and ensure safety.

4. By End-User:

   • Hospitals: The hospital sector is the largest end-user, with a projected CAGR of 10% during the forecast period. The ongoing need for disinfecting medical equipment, surfaces, and PPE kits in healthcare settings drives demand.
   • Laboratories, Households, and Other Sectors: Educational institutions, food processing industries, malls, airports, and railways also represent significant end-users, as hygiene awareness spreads.

Market Segmentation: https://straitsresearch.com/report/surface-disinfectant-market/segmentation

Regional Analysis:

• North America: Dominates the global surface disinfectant market, owing to stringent hygiene regulations and high healthcare expenditure. The U.S. EPA and Health Canada have been instrumental in approving disinfectants for use across the continent.

• Europe: Projected to grow at a CAGR of 5.35%, the European market is influenced by strict biocide regulations, health policies, and an increasing focus on infection prevention in healthcare.

• Asia-Pacific: Emerging as the fastest-growing region, with increased awareness of health and hygiene practices, especially in countries like China, India, and Japan, spurring market demand.

• Latin America & Middle East & Africa: Driven by population growth, urbanization, and heightened sanitation awareness, these regions present ample opportunities for the surface disinfectant industry.

Key Players: Leading companies in the surface disinfectant market include:

• Reckitt Benckiser Group PLC
• 3M Company
• Ecolab
• Procter & Gamble
• The Clorox Company
• BASF SE
• Kimberly-Clark Corporation
• Medline Industries Inc.
• Whiteley Corporation
• Lonza

Recent Developments:

• May 2023: SteriSmart, under the Sterillium brand, launched a new ad campaign targeting young parents concerned about creating safe home environments amidst rising health concerns.
• August 2022: EvaClean's PurTabs disinfection method received validation from New York University Langone Health, further strengthening the company's position in the market.

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Market Drivers & Opportunities: The increasing awareness of healthcare-associated infections (HAIs), rising healthcare spending in emerging economies, and the growing need for stringent sanitation and infection control procedures are key drivers propelling market growth. Additionally, the surge in demand for eco-friendly, biobased disinfectants presents opportunities for growth in response to environmental concerns.

Conclusion: The surface disinfectant market is expected to continue its upward trajectory through 2031, driven by heightened hygiene standards, regulatory support, and increasing demand across various sectors. The combination of innovation in biobased disinfectants and the ongoing need for effective surface sanitation across regions and industries is set to ensure robust growth in the coming years.

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