Ottawa, Jan. 11, 2023 (GLOBE NEWSWIRE) -- According to Precedence Research, the global surface disinfectant market size will reach at USD 6.82 billion in 2023. The rapid acceptance of the surface disinfectant product with increased cleaning process carried out with increased health and hygiene have helped to boost the surface disinfectant market. The rules and regulations imposed to maintain the cleanliness have tremendously enhanced the market growth rate during the forecast period.

Various new products that are newly produced by the various companies with increased efficiency of the surface disinfectant products utilised in various sectors for killing the microbes and act as antimicrobial agents and avoid the spread of the disease with increased market growth and enhanced revenue share during the forecast period.

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The increased research and development of the surface disinfectant with continuous new development of the surface disinfectant with increased antimicrobial property of the surface disinfectant introduced have helped to grow the market of surface disinfectant. Post pandemic situation with increased production of the surface disinfectants with increased raw materials have helped to drive the market of the surface disinfectants to a larger extent during the forecast period.

Key Insights

Regional snapshots

The enhanced revenue share of the surface disinfectant market with increased market growth rate. North America accounts for the largest market growth with increased production and manufacturing of the surface disinfectant products have enlarged the market of surface disinfectant with increased utilisation of the surface disinfectant products as antimicrobial agents for cleaning purpose have helped to boost the market of surface disinfectants during the forecast period. The government from various regions with increased investment from the government for the development of the surface disinfectant products with increased research and development have helped to grow the market of surface disinfectant during the forecast period. Increased utilisation of the surface disinfectant with an increasing prevalence of the chronic disorders has enlarged the market of surface disinfectants to a larger extent.

Asia Pacific also with significant market growth with enhanced utilization of the surface disinfectant with increased hygiene processes have helped to grow the market of surface disinfectant. Europe, Middle East and Africa also in process to grow the market growth rate.

Report Highlights

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Scope of the Report

Report AttributesDetails
Market Size in 2030USD 11.3 Billion
CAGR6.91% from 2022 to 2030
North America Revenue Share34.5% in 2021
Liquid Form Segments Share65% in 2021
Chemical Composition Segments Share92% in 2021
Base Year2022
Key PlayersMedline Indutries, Inc, Kimberley- Clark Corporation, Evonik Industries, BASF SE, Lonza, SC Johnson Professional, Whiteley Corp, The Clorox Company, Procter & Gamble, Ecolab, The 3M Company, Star Brands Ltd, BODE Chemie GmbH, PaxChem Ltd, Reckitt Benckiser Group PLC, Carenowmedical, W.W. Grainger, Inc, Spartan Chemical Company, Inc, W.M. Batt, GOJO Industries, Inc, PDI, Inc. and Others

Market dynamics

Drivers

The increasing prevalence of the chronic disorders and increased spread of disease among the people which led to increased utilization of the surface disinfectant and enhanced demands for the disinfectants used as cleaning agents have helpes to drive the market growth rate with increased production and manufacturing of the surface disinfectants have enhanced the market with increased revenue share during the forecast period. Increased efficiency of the surface disinfectants against pathogens, microbes, and others with increased antimicrobial properties have helped to drive the growth rate with the largest share of the surface disinfectant with the increased number of applications enhanced the market growth rate. Increased introduction of the new surface disinfectant in the market with increased efficacy to kill the microbes enhanced the market of surface disinfectants to a larger extent.

Restraints

Increased multiple options in the surface disinfectant with various newly developed products can affect the market growth rate with reduced demands from the customer for the surface disinfectant and decline the market of surface disinfectant with decreased revenue share. Increased rules and regulations imposed by the government regarding the handling of the surface disinfectant may hinder the market growth rate with increased toxic properties of the surface disinfectant during the forecast period. Imposed rules and norms that to be followed for cleaning purpose to avoid the spread of the disease from one person to another with increased sanitization may restrain ther market growth with the application of the rules.

Opportunities

The development of the newly developed surface disinfectant products with increased efficiency of the surface disinfectants and increased cleaning process for maintaining the hygiene and prevention of the spread of the infectious diseases with increased utilisation of the surface disinfectant in various sectors such as house hold, hospital, educationa and other which helped to propel the market of surface disinfectant. The increased investment from the government in developing the strict rules and norms to carry out the cleaning process for maintaining the hygiene and health of the people has helped to drive the market of surface disinfectant due to increasing demands from customers during the forecast period. The key market players are the major role players for the introduction of the new products in the surface disinfectants with increased utilization of the surface disinfectants may enhance the market growth rate during the forecast period.

Challenges

The increased cost of the surface disinfectant with increased efficiency of the surface disinfectant may decline the market of surface disinfectant with an increased cost of the surface disinfectant may hinder the market of surface disinfectant with a reduced market growth rate during the forecast period. Increased adverse effects of the surface disinfectants utilized in the various sectors with increased toxic properties in the surface disinfectants can be hazardous to the health and may alter the market growth rate of surface disinfectants during the forecast period. The increased rules and regulations imposed by the government regarding the handling of the surface disinfectants may challenge the market of surface disinfectants during the forecast period.

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Recent developments

Market Segmentation

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