Global Surface Disinfectant Market to Reach US$ 1.7 Bn by 2024, APEJ Remains Lucrative

Demand for surface disinfectants is steadily growing around the world, and it is highly likely that global revenues will continue to grow at a steady pace in the foreseeable future. The global market is projected to grow at over 10% CAGR during the forecast period and surpass US$ 1.7 bn in revenues by 2024. These insights are according to a latest research report added to the repository of Market Research Reports Search Engine (MRRSE). The report, titled, “Surface Disinfectant Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 – 2024” offers comprehensive insights and analysis on the global surface disinfectant market.

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According to the report, the key players in the global surface disinfectant market include Procter & Gamble, Henry Schein, Johnson & Johnson Services Inc., Kimberly-Clark, DuPont, and 3M. Other prominent players include Clorox, GOJO Industries, Cantel, and Ecolab.

On the basis of product type, demand for surface disinfectants made from sodium hypochlorite is the highest, owing to their relatively lower price. Stable nature of sodium hypochlorite is a key factor boosting their adoption in the global market. In addition to sodium hypochlorite, phenol based surface disinfectants also remain popular among end-users.

Surface disinfectants are used in a wide range of industries, including hospitals & clinics, shopping malls, restaurants, and residential homes. On account of high volume demand, hospitals & clinics and outpatient surgical centers remain the largest application segment for surface disinfectants globally.

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According to the report, demand for surface disinfectants is directly influenced by the activity in the healthcare and infrastructure sector. Higher number of hospitals and outpatient surgical centers necessitate the need for disinfecting the entire premises.

Increasing awareness also end-users is crucial for the growth of this market. As more people gain awareness on the necessity of disinfectants, their demand is likely to witness an increase. This is especially true for many countries in APAC, where emphasis on hygiene and cleanliness has increased in the recent years. Investment in healthcare has also positively impacted the growth of the surface disinfectant market.

Another key factor driving demand for surface disinfectants is the spurt in quick-service restaurants. Urbanization, combined with growing popularity of eating out, has led to mushrooming of QSRs in urban centers. As consumers prefer QSRs that maintain basic hygiene and cleanliness, demand for surface disinfectants has witnessed an increase in these sectors.

Although the outlook on the global surface disinfectant market remains positive, concerns about the potential side effects of these chemical disinfectants has been a cause of concern. There have been growing clamor for developing surface disinfectants which are not hazardous to children and toddlers. Another longstanding challenge for the disinfectant industry is the growing resistance of microorganisms to various types of disinfectants.

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