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The global surface disinfectant market size is projected to reach USD 1,547.7 million by 2027 on account of the rising number of recreational, hospitality, and commercial spaces worldwide. This information is given by Fortune Business Insights™ in a new report, titled, “Surface Disinfectant Market Size, Share & Industry Analysis, By Type (Aerosol, Gel, Liquid, and Wipe), By Composition (Alcohols, Chlorine Compounds, Quaternary Ammonium Compounds, Hydrogen Peroxide, Peracetic Acid, and Others), By Application (Residential, Commercial, Health Care Facility, and Others), and Regional Forecast, 2020-2027.” The report further mentions that the market stood at USD 770.6 million in 2019. However, it is set to exhibit a CAGR of 9.1% during the forecast period between 2020 to 2027.
Procter & Gamble Company Launches Microban 24 Brand of Cleaning Products
In February 2020, The Procter & Gamble Company (P&G), a multinational consumer goods corporation headquartered in Ohio, introduced a new brand of antibacterial home sanitizing products called Microban 24. When used as directed, the products are capable of keeping the surfaces protected for 24 hours. They can work throughout the day and kill 99.9% of bacteria on contact. The latest brand offers a protective shield to kill the bacteria even after the surface is contacted or touched several times. The main aim of P&G behind this launch was to provide the masses with a robust sanitizing product that would keep working around the clock. The products are equipped with the multi-layer shield technology that activates bacterial fighting ingredients in small amounts over times.
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Sanitization of Public Places Owing to COVID-19 will Surge Demand for Surface Disinfectants
The emergence of the COVID-19 pandemic across the globe has surged the demand, as they are mainly required to disinfect and sanitize objects and places that come under frequent human contacts. The governments of many countries have put forward stringent rules and regulations on the hospitals, cafeterias, and restaurants for maintaining proper hygiene. Apart from that, the cases of hospital-acquired infections (HAIs) are rising day by day. Such infections include ventilator-associated pneumonia, catheter associated infections, and surgical site infection. Therefore, the governmental agencies are emphasizing on the sanitization of healthcare facilities. However, the National Center for Biotechnology Information (NCBI) stated that the users of these disinfectants were found to be greatly affected by various harmful health effects. This factor may obstruct the surface disinfectant market growth during the forthcoming years.
Key Players Aim to Gain Competitive Edge by Introducing Innovative Surface Disinfectants
The market is consolidated and hence, houses several small-, medium-, and large-sized companies. Most of the renowned ones are adopting the strategy of collaborations with the small scale companies and local start-ups. Whereas, the others are participating in research and development activities to unveil new disinfectants for surface owing to the rapid spread of infectious diseases, such as the coronavirus.
Fortune Business Insights™ presents the names of all the producers operating in the global market. They are as follows:
A Notable Industry Development-
Further Report Findings-
The global market can be segmented in the following way:
Value (USD Million) and Volume (Kiloton)