Dublin, Jan. 30, 2024 (GLOBE NEWSWIRE) -- The "Surface Disinfectant Market by Composition (Alcohols, Chlorine, Quaternary Ammonium), Type (Liquid, Wipes, Sprays), Application (Surface, Instrument), End-User (Hospital, Diagnostic and Research Laboratories), & Region - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
Globally, stringent sanitation protocols and the heightened need for effective infection control tactics have fueled the robust growth trajectory for the surface disinfectant market. A comprehensive analysis discloses promising projections, with market valuation anticipated to burgeon from a robust USD 2.6 billion in 2023 to a substantial USD 4.2 billion by 2028, marking a notable compound annual growth rate (CAGR) of 9.4%.
Recent research underscores the dominance of alcohol-based compositions capturing the majority market share, driven by their efficiency in germ eradication and quick evaporation properties. With the escalating demand across hospital and domestic environments, instigated by virus outbreaks, this segment is poised for pivotal expansion.
Optimal Efficacy Fuels Liquid Disinfectant Adoption
Among various disinfectant modalities, the liquid form claims precedence with the highest growth rate, owing to its extensive application in averting hospital-acquired infections coupled with cost-effectiveness in contrast to alternative forms such as sprays and wipes.
Healthcare Settings Spearhead Utilization
Healthcare facilities emerge as primary end-users, a trend attributable to the surging necessity of thwarting hospital-acquired infections. The perpetual enhancement of sanitation products is leveraged to assure elevated hygiene levels within these institutions.
Asia Pacific to Lead Regional Market Expansion
Marked by a stellar CAGR, the Asia Pacific region is foreseen as the fastest-growing in the surface disinfectant ecosystem. Factors spurring this advancement include the aging populace, burgeoning healthcare infrastructure, and rising financial wherewithal propelling healthcare expenditures. Supportive demographic trends and economic policies are further anticipated to catalyze progress within this sector.
Key Market Dynamics
Extensive research identifies significant influencers shaping market dynamics:
- Drivers: The high occurrence of hospital-acquired infections (HAIs) and enhancements in disinfection technology significantly propel the market.
- Restraints: Chemical disinfectants' adverse effects and the emergence of alternate decontamination technologies impede market growth.
- Opportunities: Increasing healthcare investments and the demand surge in emerging economies create lucrative prospects.
- Challenges: Stringent regulatory landscapes present hurdles in the market's expansion.
Strategic Industry Analysis and Competitive Landscape
This research provides an array of insights into the industry's strategic dimensions, inclusive of new technologies, R&D pursuits, and an in-depth overview of upcoming market innovations. Additionally, a meticulous assessment of the competitive scenario delineates market share, strategic expansions, and service offerings of key entities, thereby equipping stakeholders with the necessary tools for informed decision-making.
With an all-encompassing perspective, the report paves the way for stakeholders to comprehend market nuances, identify emerging sectors, and recognize untapped geographic regions. It also imparts a broad span of in-depth market information, empowering participants to harness opportunities and traverse the competitive landscape effectively.
Advocating for Progressive Business Strategies
The document serves as a critical resource guiding market pioneers and nascent entrants alike. Through its extensive data spectrum, the report is an indispensable tool for business entities aiming to consolidate their market presence and strategize pivotal go-to-market methodologies while remaining attuned to the market pulse.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 212 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $2.6 Billion |
| Forecasted Market Value (USD) by 2028 | $4.2 Billion |
| Compound Annual Growth Rate | 9.4% |
| Regions Covered | Global |
Companies Mentioned
- 3M
- Acuro Organics Limited
- Becto Inc.
- Brulin Holding Company, Inc.
- Carenow Medical Pvt. Ltd.
- Carrollclean
- Cetylite, Inc.
- Ecolab
- Gesco Healthcare Pvt. Ltd.
- Gojo Industries, Inc.
- Medalkan
- Metrex Research, LLC
- Micro-Scientific, LLC
- Pal International
- Paul Hartmann AG (Bode Chemie GmbH)
- Pdi, Inc.
- Pharmax Limited
- Procter & Gamble
- Reckitt Benckiser Group PLC
- Ruhof
- Sanosil Ltd.
- Sc Johnson Professional
- Steris
- The Clorox Company
- Whiteley Corporation
For more information about this report visit https://www.researchandmarkets.com/r/mq16m2
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