Market - - Sep 27,2017
Looking at the current scenario, rising education level and improving disposable incomes in emerging economies has encouraged the use of disinfectants.
Disinfectant products are needed across households and commercial spaces to shield against deadly pathogens that pose a significant risk of cross-contamination. Presently, the commonly used disinfectants used in hospitals and labs are surface cleansers. As per reports offered by expert analysts, the global surface disinfectant market is mainly driven by the increasing awareness about hygiene and cleanliness among individuals.
Over the years, the list of surface disinfectants has added up with the availability of different types discriminated on the basis of chemical composition. Some of the common product types include sodium hypochlorite, phenols, hydrogen peroxide, quaternary ammonium compounds (QACs), peracetic acid, amphoterics, biguanides, and aldehydes. Among these, sodium hypochlorite- and phenol-based surface disinfectants are immensely popular due to their lower price, low reactive nature, and high efficacy.
As per active analytics, the worldwide market for surface disinfectant is expected to surge at a CAGR of 10.4% for the period until 2024; the market is projected to grab a value of US$1.77 bn during this period. This impressive growth trend can be credited to the widespread application of surface disinfectants in hospitals, outpatient surgical centers, clinics followed by food chains, restaurants, and households.
Considering the growth factor, the rising education level and rising disposable incomes across emerging economies have worked positively for the growing demand of disinfectants to prevent germs from breeding. These disinfectants are chiefly available in three forms; namely liquids, wipes, and sprays. The liquid segment has grabbed the maximum share in the overall market because of the ease of use and favorable price. Looking at the various competitors such as Henry Schein, 3M, Johnson & Johnson Services, Inc, Proctor & Gamble and Kimberly-Clark and DuPont, it is expected that the sector would move towards a shining path in the coming years.
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