Surface Disinfectant Chemicals Sales to Steadily Rise at 4.5% CAGR as Focus on Hygiene and Cleanliness Continues Increasing | FMI
A Future Market Insights (FMI) survey offers comprehensive analysis on surface disinfectant chemicals demand outlook. Increasing focus on cleanliness and hygiene, especially following COVID-19 outbreak will enable the market register spurring sales
Dubai, United Arab Emirates – July 17, 2021 /MarketersMedia/ —
The global surface disinfectant chemicals market is projected to grow at 4.5% CAGR between 2021 and 2031.Driven by rising concerns pertaining to hygiene and cleanliness across industries and household and commercial sectors, the market value will total US$ 3.5 Bn in 2021.Historically, sales recorded by the market rose at 4.1% CAGR between 2016 and 2020.
Government regulations implemented across various countries to maintain basic hygiene to limit spread of infection and diseases are creating prospects for surface disinfectant chemicals manufacturing growth. FMI also identifies rising demand from advanced disinfection across various industries as chief growth driver. To an extent industrial sales will be facilitated by regulations implemented to ensure safe and hygienic environment for workers’ safety.
Demand for surface disinfectants chemicals will remain exceptionally high across hospitals and healthcare centers. This can be attributable to the rising prevalence of hospital-acquired infections (HAIs), which are among key health concerns impacting patient recovery. Moreover, rising in occurrence of surgical site infections and concerns pertaining to safety of patients and healthcare professionals will fuel demand for surface disinfection chemicals.
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COVID-19 pandemic has impacted significantly sales of surface disinfectant chemicals. Demand for surface disinfectant chemicals has been increasing a steady pace, as maintenance of strict hygiene standard becomes norm across all sectors.
“Rising healthcare expenditure and stringent government regulations implemented to ascertain maximum hygiene standard across all sectors are expected to drive surface disinfectant chemicals demand growth,” said a Future Market Insights (FMI) analyst.
Key Takeaways from Surface Disinfectant Market Research Report
The U.S. is estimated to account for over 88% of the North America market by 2031.
Demand in the U.K. market is expected to grow at 3.8% CAGR over the forecast period.
India is expected to account for over 42% of sales in South Asia and Pacific.
Based on product type, Quaternary Ammonium Compounds will account over 43.7% of sales revenue.
Commercial and institutional end users are expected to dominate surface disinfectant chemicals sales in coming years accounting for over 50% of market share by 2031.
Growth Drivers:
Demand for sanitization is increasing due to outbreak of the COVID-19 pandemic, in turn creating sales opportunities for surface disinfectant chemicals.
Rising cases of chronic diseases with growing overall population will drive market growth.
Increasing demand for surface disinfectant chemicals from the commercial sector will remain a chief growth driver.
Key Restraints:
Government regulations such as restrictions on the use of synthetic chemicals and shifting preference towards environment friendly products is restraining production of surface disinfectant chemicals.
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Competitive Landscape
Key players profiled in the surface disinfectant chemicals market are focusing on expanding production capacities to increase market revenue. For instance,
In 2020, Lanxess planned on expanding production capacity for oxone monopersulfate by 50%, which is a key ingredient used in disinfectant formulations.
In the same year, Lonza increased microbial capacity and extended long-term partnership with Servier for L-asparaginase API Manufacturing.
Peroxychem LLC was accumulated by Evonik Industries in 2020 to increase production capacity for hydrogen peroxide production in the U.S.
Key players operating in the global surface disinfectant include
Arkema SA
Mitsubishi Gas Chemical Company, Inc.
Hodogaya Chemical Co., Ltd.
Olin Corporation
Hansol Chemical Co., Ltd.
Dishman Carbogen Amics Ltd.
Chang Chun Petrochemical Co., Ltd.
More Insights on the Global Sales Outlook of Surface Disinfectant Chemicals
Future Market Insights, in its new offering, provides an unbiased analysis of the surface disinfectant chemicals sales, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on surface disinfectant chemicals demand with a detailed segmentation on the basis of:
Product Type:
Quaternary Ammonium Compound
Alcohols & Aldehydes
Phenolic Compounds
Halogens
Oxidizing Agents
End Use:
Domestic
Commercial & Institutional
Industrial
Region:
North America
Latin America
Europe
East Asia
South Asia Pacific
Middle East and Africa
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Key Questions Covered in the Report
The report offers insight into surface disinfectant chemicals demand outlook for 2021-2031
The market study also highlights projected sales growth for surface disinfectant chemicals market between 2021 and 2031
Surface disinfectant chemicals sales survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
Surface disinfectant chemicals market share analysis of the key companies within the industry and coverage of strategies such as mergers and acquisitions, joint ventures, collaborations or partnerships, and others
Contact Info:
Name: Abhishek Budholiya
Email: Send Email
Organization: Future Market Insights
Website: https://www.futuremarketinsights.com/reports/surface-disinfectant-chemicals-market
Source: MarketersMedia
Release ID: 89036774
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