Leading research firm Provides new industry report "Surface Disinfectant Market Growing at a CAGR of 11.90%
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The new report "Global Surface Disinfectant Market" By Product (Hypochlorite, Quaternary Ammonium Compounds, Hydrogen Peroxide, Chlorhexidine Gluconate, Peracetic Acid, Phenol, Alcohol), Formulation (Sprays, Liquids, Wipes), Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024
The Global Surface Disinfectant Market accounted to USD 349.7 billion in 2016 growing at a CAGR of 11.90% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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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.
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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.
Global Surface Disinfectant Market – Market Segmentation:
On the basis of product type, global surface disinfectant market is segmented into hypochlorite, quaternary ammonium compounds, hydrogen peroxide, chlorhexidine gluconate, peracetic acid, phenol and alcohol. In 2015, hypochlorite held the largest market share whereas quaternary ammonium compounds are expected to witness the highest market growth due to their biodegradable and effective nature.
On the basis of formulation, global surface disinfectant market is segmented into sprays, liquids and wipes. In 2015, liquids disinfectant has accounted the largest market share and is expected to be the fastest growing segment.
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Global Surface Disinfectant Market – Geographical Segmentation:
- North America
- South America
- Middle East and Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Global Surface Disinfectant Market – Competitive Landscape:
Some of the major players operating in global surface disinfectant market are
- 3M (U.S.)
- Johnson & Johnson Services Inc. (U.S.)
- Procter & Gamble (U.S.)
- 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.)
- Henkel AG & Co. KGaA (Germany)
- Among Others
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