Surface Disinfection Market Developments: Notable Innovations and Breakthroughs
Allied Market Research published a report titled, “Surface Disinfection Market by Composition (Alcohols, Chlorine Compounds, Quaternary Ammonium Compounds, Hydrogen Peroxide, Peracetic Acid, and Others), Type (Liquids, Wipes, and Sprays), and Application (Surface, Instrument, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032.” The report reveals that the surface disinfection market was valued at $2.7 billion in 2022 and is projected to reach $5.6 billion by 2032, with a CAGR of 7.4% from 2023 to 2032.
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Prime Determinants of Growth
The market’s growth is driven by several factors:
- Increase in Hospital-Acquired Infections: The rising prevalence of hospital-acquired infections necessitates effective disinfection solutions.
- Higher Healthcare Spending: Increased expenditure on healthcare boosts the demand for disinfectants.
- Broad Applications in Non-Healthcare Sectors: Surface disinfectants are increasingly used in various non-healthcare sectors.
However, growth is restrained by:
- Stringent Regulations: Regulations on the use of surface disinfectants and handling of hazardous chemicals pose challenges.
- Product Resistance and Overuse: Overuse and resistance to disinfectants also hinder market growth.
Conversely, opportunities lie in:
- Advancements in Manufacturing: Improvements in production processes enhance product effectiveness and safety.
- Eco-Friendly Products: The development of environmentally friendly disinfectants offers significant growth potential.
Market Overview
Forecast Period: 2023–2032
Base Year: 2022
Market Size in 2022: $2.7 Billion
Market Size in 2032: $5.6 Billion
CAGR: 7.4%
Report Pages: 250
Segments Covered: Composition, Type, Application, Region
Key Insights
- Alcohols Segment: Dominates the market due to their effectiveness, quick evaporation, and compatibility with various surfaces. It held nearly one-third of the market share in 2022.
- Liquids Segment: Accounted for nearly half of the market revenue in 2022, favored for its ease of use, versatility, and ability to cover large areas.
- Surface Application: Constituted nearly two-thirds of the market revenue in 2022, driven by the need to disinfect a wide range of surfaces.
- Regional Dominance: North America led the market in 2022 with more than one-third of the revenue, expected to maintain its dominance through 2032.
Key Players
The report includes detailed analyses of major players like:
- 3M
- BASF SE
- Ecolab
- LANXESS
- Lonza
- P&G
- PAUL HARTMANN AG
- PaxChem Ltd.
- Reckitt Benckiser Group plc.
- Spartan Chemical Company, Inc.
These companies are adopting strategies such as new product launches, collaborations, and expansions to enhance their market share.
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