(MENAFN- America News Hour) Kenneth Research recently added a report on Surface Disinfectant Market in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the Surface Disinfectant Market, along with the compound growth rate (CAGR) of the market for a projected period between 2021 2025. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter's five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.
The Global Surface Disinfectant Market was valued at USD 487.89 million in 2016 and is projected to reach USD 966.39 billion by 2025, growing at a CAGR of 7.89% from 2017 to 2025.
Disinfectants are chemical substances used to destroy viruses and microbes (germs), such as bacteria and fungi, as opposed to an antiseptic which can prevent the growth and reproduction of various microorganisms, but does not destroy them. With the Growing number accidents and injuries, also, the number of surgeries and operations, the market for the disinfectants is seeing a rise all over the globe.
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Market Dynamics:
1. Market Drivers
1.1 Increase in number of operations and surgeries
1.2 Increase in the number of Chronic diseases
1.3 Growing Awareness and implementation of regulations in medical hygiene sector
1.4 Emerging Healthcare Market
1.5 New research outcomes to fight bacterial resistance against the disinfectants
2. Market Restraints
2.1 Inability to come up with solution for medical device cleaning
Market Segmentation:
1. Global Surface Disinfectant Market , by Formulation:
1.1 Liquids
1.2 Wipes
1.3 Sprays
2. Global Surface Disinfectant Market, by Type:
2.1 Quaternary Ammonium Compounds
2.2 Chlorhexidine Gluconate
2.3 Phenolic Compounds
2.4 Alcohols
2.5 Aldehydes
2.6 Other Surface Disinfectants
3. Global Surface Disinfectant Market, by End User:
3.1 Hospitals
3.2 Clinical Laboratories
3.3 Pharmaceutical Companies
3.4 Other End Users
4. Global Surface Disinfectant Market, by Applications:
4.1 In-House Applications
4.2 Clinical Laboratories
4.3 Instrument Disinfection
4.4 Other Applications
5. Global Surface Disinfectant Market, by Region:
5.1 North America (U.S., Canada, Mexico)
5.2 Europe (Germany, UK, France, Rest of Europe)
5.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
5.4 Latin America (Brazil, Argentina, Rest of Latin America)
5.5 Middle East & Africa
Competitive Landscape:
The major players in the market are as follows:
1. 3M Company
2. Cantel Medical
3. The Clorox Company
4. Ecolab
5. Johnson & Johnson
6. Procter & Gamble
7. Reckitt Benckiser Group PLC
8. Sealed Air Corporation
9. Steris Corporation
10. Carroll Company
11. Metrex Research, LLC (Subsidiary of Danaher Corporation)
12. Pal International Ltd.
13. Whiteley Corporation
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Surface Disinfectant Marketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products' demand, growth and opportunities for new and existing players.
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Eli is a freelance writer and possess double graduation degree in physics and chemistry. She is an intense writer covering everything for Science and Tech to Business, Entertainment, Sports and Lifestyle.
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