According to Data Bridge Market Research new Market report “Surface Disinfectant Market, By Product Type (Hypochlorite, Quaternary Ammonium Compounds, Hydrogen Peroxide, Chlorhexidine Gluconate, Peracetic Acid, Phenol, Alcohol), Formulation (Sprays, Liquids, Wipes), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Trends and Forecast to 2024”, the global surface disinfectant market was accounted to USD 349.7 billion in 2016 at a CAGR of 11.90% during the forecast period of 2017 to 2024.
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Key Market points: Global Surface Disinfectant Market
Due to rapid growth of infectious diseases and surgical operations, government has taken several initiatives and strict guidelines to increase awareness regarding cleanliness. Many International organizations such as Center for Disease Control and Prevention (CDC), World Health Organization (WHO), and International Federation of Infection Control (IFIC) have contributed regarding the rise in infectious diseases.
Growing healthcare expenditure is also driving the growth of surface disinfectant market. According to World Bank estimates, global healthcare expenditure has seen astounding development from USD 3,786 billion in 2003 to USD 7,427 billion in 2013, growing at a CAGR of 7% over the estimate time frame. In the same period, public healthcare spending expanded at a CAGR of 7.28%, from USD 2,198 billion in 2003 to USD 4,440 billion in 2013.
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Global Surface Disinfectant Market – Market Segmentation:
The surface disinfectant market is segmented on the basis of product type and formulation.
o Quaternary Ammonium Compounds
o Hydrogen Peroxide
o Chlorhexidine Gluconate
o Peracetic Acid
Global Surface Disinfectant Market – Geographical Segmentation:
• North America
• South America
• Middle East and Africa
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Global Surface Disinfectant Market – Competitive Landscape:
The global surface disinfectant market report contains an in-depth profiling of the key market players, along with the recent developments (new product launches, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the market. The report also covers the market shares for global, North America, Europe, Asia-Pacific, Middle East and Africa and South America surface disinfectant market.
3M (U.S.), Johnson & Johnson Services Inc. (U.S.), Procter & Gamble (U.S.), are the dominating companies in global surface disinfectant market followed by STERIS plc. (U.S.), Cantel Medical (U.S.), Reckitt Benckiser Group Plc. (U.K.), Sealed Air (U.S.), The Clorox Company (U.S.), Whiteley Corporation (Australia), Metrex Research, LLC. (U.S.), PURE Bioscience, Inc. (U.S.), UPS Hygiene Pvt. Ltd., Ecolab (U.S.), Kimberly-Clark Worldwide Inc. (U.S.), DuPont (U.S.), Carroll Company(U.S.), and Henkel AG & Co. KGaA (Germany) among others.
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