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Online Learning Industry is the fastest growing segment fueling the growth of the Surface Disinfectant Market

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Pooja Khodke
Online Learning Industry is the fastest growing segment fueling the growth of the Surface Disinfectant Market

The global Surface Disinfectant Market is estimated to be valued at US$ 7347.2 Mn in 2023 and is expected to exhibit a CAGR of 7.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.


Market Overview:


Surface disinfectants are chemical formulations used to kill or inhibit the growth of pathogens present on hard surfaces. They are an essential part of maintaining hygiene in healthcare facilities, schools, restaurants, offices and other commercial buildings. Surface disinfectants help prevent the spread of infections by destroying microorganisms that cause diseases.


Market key trends:


One of the key drivers of the surface disinfectant market is the growing awareness about hygiene and infection control. The COVID-19 pandemic has heightened concern over germs and transmission of diseases through surface contact. Consequently, demand has risen for disinfecting sprays, wipes and other formulations that can kill viruses and bacteria quickly. More industries and institutions now use disinfectants regularly to sanitize high-touch surfaces as a precautionary measure. This trend is expected to continue post pandemic as hygiene maintenance becomes a priority.


Segment Analysis


The global surface disinfentant market is segmented into form, composition, application, and end-use. Based on form, the market is bifurcated into liquid and spray. The liquid segment dominated the market in 2022 due to its wide applications in healthcare facilities, households, commercial spaces, and industries. Liquid disinfectants are cost-effective and have high shelf life.


Key Takeaways


The global surface disinfectant market is expected to witness high growth, exhibiting CAGR of 7.9% over the forecast period, due to increasing awareness about hygiene and infections prevention.


Regional analysis


North America dominated the global market in 2022 and is expected to continue its dominance during the forecast period. This is attributed to advanced healthcare infrastructure and stringent regulations regarding hygiene and cleanliness in the region. Asia Pacific is expected to exhibit the fastest growth over 2023-2030 owing to growing healthcare sector and rising disposable income in developing countries such as India and China.


Key players


Key players operating in the Surface Disinfectant Market are 3M, Reckitt Benckiser Group PLC, Procter & Gamble, Cantel Medical Corporation, The Clorox Company, Ecolab, SC Johnson Professional, Whiteley Corporation, and Steris PLC. 3M dominates the global market owing to its diversified product portfolio and strong distribution network across various geographies. Procter & Gamble also has a significant market share due to its established brand presence and continuous new product launches.


Read More: https://www.newsstatix.com/the-growing-awareness-towards-health-and-hygiene-is-anticipated-to-openup-the-new-avanues-for-the-surface-disinfectant-market/

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