Surface Disinfectant Market Worth $8.23 Billion By 2028 | Grand View Research, Inc.


 

The global surface disinfectant market size is expected to reach USD 8.23 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.7% from 2021 to 2028. The market is driven by the increasing disease outbreak worldwide, coupled with the growing implementation of regulations in medical hygiene.

There is a spiraling demand for superior-quality surface disinfectant products due to the growing requirement to improve hygiene in ambulatory surgical centers, clinics, and hospitals to inhibit the spread of infections, including COVID-19, among staff and patients. The market is also driven by the growing number of laboratories and rising awareness among people about personal hygiene. Furthermore, various governments in North America and Europe have implemented stringent regulations concerning the use of chemical-based formulations and their discharge processes.

However, the market growth is likely to be restricted due to the toxicity of chemical-based products. Surface disinfectants consist of chemical substances, which when used properly as per guidelines yield excellent results. They help prevent the occurrence and transmission of diseases. However, the use of these products can pose a threat to humans as well as animals and lead to environmental hazards. Incomplete knowledge regarding the proper use and the health hazards associated with these products can pose a potential threat to industry growth.

However, the growing adoption of novel and advanced technologies by manufacturers for producing disinfectants with enhanced effectiveness and the shift in the trend toward biobased products are expected to promote the overall market growth globally over the foreseeable future.

In terms of the supply and demand equation on a global scale, manufacturers are inclined toward raw material procurement at competitive pricing. Raw material procurement involves engaging in long-term supply contracts with raw material suppliers. Some of the independent manufacturers hire third-party suppliers to sell their products. Disinfectant manufacturers are increasingly focused on product innovation and differentiation as they are steadily moving toward consolidation through mergers & acquisitions, joint ventures, and collaborative partnerships.

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