Showing posts with label Global household cleaning products market. Show all posts
Showing posts with label Global household cleaning products market. Show all posts

Sunday, February 12, 2023

Global Surface Disinfectant Market is expected to grow at a rate of about 10% CAGR over the next six years (2022-2028): Ken Research

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What Is the Size of Global Surface Disinfectant Industry?

Global Surface Disinfectant market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD Bn by 2028F. The Surface Disinfectant Market is largely driven by the growing incidences of healthcare-associated infections, growing demand from non-healthcare industries, health clubs & gyms, and the outbreak of Covid-19.

Increasing incidence of healthcare-associated Infections (HAI) and the rising occurrences of chronic disorders are expected to propel the surface disinfectant market growth. For instance, the rising geriatric population and the prevalence of chronic illnesses such as blood pressure, obesity, diabetes, and heart disorders have been fueling the demand for surface disinfectants across health care facilities.

Chemical surface disinfectants have some adverse impacts on the environment and acts as a major barrier for growth. For instance, hydrogen peroxide used in chemical surface disinfectants can cause portal vein thrombosis, gastrointestinal problems, mild mucosal irritation, and vomiting. Furthermore, the outburst of COVID-19 had a positive impact on the surface disinfectants market. The pandemic increased the need for surface disinfection and cleaning practices significantly. Multiple measures were being taken to curb the spread of the deadly virus, including disinfection and sanitizing surfaces. This increased the demand for surface disinfectants across the globe.

Global Surface Disinfectant Market By Composition Type

The Global Surface Disinfectant market is segmented by Composition Type into Chemical Based and Biobased. The chemical composition segment dominated the global surface disinfectant market in 2022 and is estimated to continue being the dominant segment during the forecast years. Biobased surface disinfectants are viewed as alternatives to their chemical counterparts owing to their non-toxic, biodegradable, and eco-friendly characteristics and are expected to have a higher CAGR during the forecast period.

In June 2020, an article by Bhabha Atomic Research Center reported that Sodium hypochlorite (NaOCl) is one of the proven disinfectants and is being used in sanitization where 0.05-0.5% NaOCl is recommended by the WHO and the Center for Disease Control and Prevention.

Global Surface Disinfectant Market By Form

The Global Surface Disinfectant Market is segmented by Form into Liquid, Wipes and Spray. The liquid form segment holds the highest market share in 2022 and is expected to remain dominant during the forecast period. This high share is attributed to a wider application of liquids in the industrial as well as the household sector for kitchen fixtures, glazed ceramic tile, windows, plastics, exterior surfaces of applications, vinyl, and glass.

Global Surface Disinfectant Market Revenue

In April 2020, ITC launched its product "Savlon Surface Disinfectant Spray in India to curb the spread of Covid-19. ITC acquired Savlon brand from Johnson & Johnson in 2015. Furthermore, In June 2019, Reckitt Benckiser Group PLC received the Environmental Protection Agency (EPA) approval for its Lysol Disinfectant Spray and Lysol Disinfectant Max Cover Mist for surface disinfection.

Global Surface Disinfectant Market By Application

The Global Surface Disinfectant market is segmented by Application into In-house Surfaces, Instrument Disinfection and Others. The In-house application segment holds the largest market share in 2022 in the global surface disinfectant market and is expected to remain dominant during the forecast period. The large market share of this segment is attributed to the wide usage of surface disinfectants in the premises of hospitals & clinics, households, residential areas, industries, and commercial spaces. In June 2021, Unilever’s brand Lifebuoy introduced BotaniTech product range to bring the brand’s market-leading hygiene expertise to the home.

Market Taxonomy

By Composition Type

  • Chemical Based
  • Biobased

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By Form

  • Liquid
  • Wipes
  • Spray

By Application Type

  • In-house Surfaces
  • Instrument Disinfection
  • Others

By End-user

  • Hospital & Clinics
  • Households
  • Laboratories
  • Hotel/Restaurants/Cafes
  • Educational Institutes
  • Others

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By Region

  • North America
    • USA
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Rest Of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia Rest of Asia Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

For more insights on the market intelligence, refer to below link:-

Global Surface Disinfectant Market

Sunday, October 2, 2022

3 Key Insights on Competitive Landscape in Global Surface Disinfectant Market: Ken Research

Diverse Global Players Dominate the Market Holding the Majority Revenue Share Despite Presence of ~250 Competitors Comprising a Large Number of Country-Niche Players and Regional Players, finds a recent market study on Global Surface Disinfectant Market by Ken Research

A surface disinfectant is a synthetic substance used to treat or sanitize the microorganism present on the surfaces such as walls, tabletops, floors, etc. Surface disinfectants help in reducing or eliminating the presence of pathogens, minimizing the risk of spreading bacteria along with maintaining hygiene. Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study.

Global Players that constitute about 10% of the Total Number of Competitors Hold the Largest Revenue Share While Regional Companies Also Have a Strong Presence

A comprehensive competitive analysis conducted during the Research Study found that the Global Surface Disinfectant market is highly competitive with ~250 players which include globally diversified players, regional players as well as country-niche players having their own niche in surface disinfectant products for specific segments. The large global players comprise about 10% in terms of the number of companies and hold the majority of the market revenue share followed by regional players. Most of the country-niche players are local suppliers of disinfectant products and sell their products in small shops or by direct selling method. Some of these who successfully evolve to capture some markets often get acquired by large global players seeking to grow and diversify quickly.

Leading Global Players' Ongoing Efforts To Provide Advanced Surface Disinfectant Product To A Variety of End-users Are Driving Their Revenue Growth From This Market

Detailed comparative analysis of key competitors available within the Research Study shows that global players such as Reckitt Benckiser Group PLC, SC Johnson Professional, Procter and Gamble, are highly focused on providing a significant number of surface disinfectant products that can be used across multiple end-user industries like hospital & Clinics, household, commercial facilities, educational institutions, etc. Furthermore, several companies and organizations are aggressively investing in R&D to improve product quality, introduce more products in spray form, and introduce biobased surface disinfectants.

  • In March 2021, BASF signed a partnership agreement with Allied Carbon Solutions Co., Ltd. (ACS) Japan to strengthen its global position in bio-based surfactants and actives.
  • In April 2021, Unilever partnered with LanzaTech and India Glycols to produce a surfactant made from industrial carbon emissions instead of fossil fuels.

 

The Ongoing COVID-19 Led to A Significant Increase in Demand for Surface Disinfectant Products Across the Globe. Even After the Pandemic Major Players are Developing and Launching New Products to Maintain their Market Share

In February 2021, P&G launched Microban 24, the new disinfectant brand in the UK, the product range offers protection against bacteria in homes, not only initially killing 99.9% of bacteria and select viruses, including COVID-19 virus and flu virus, but continuing to kill bacteria for up to 24 hours, even after multiple touches. In April 2020, ITC launched its product Savlon Surface Disinfectant Spray which claims that spray kills 99.99% of germs around the home, including viruses, bacteria, molds & fungi.

Increased Regulations of Regulatory Bodies and Governments to Maintain Hygiene for Covid-19 and Major Players’ Interest in Surface Disinfectant Market Led to Industry-Wide Developments, Acquisitions, And Deal-Wins

  • On 31st March 2022, World Health Organization (WHO) updated its regulation regarding non-healthcare settings like sodium hypochlorite may be used at a recommended concentration of 0.1% or 1,000ppm. Alcohol at 70-90% can also be used for surface disinfection.
  • Since the Pandemic Health Canada has published a list of hard-surface disinfectants that are likely to be effective for use against (COVID-19). This list is updated regularly.
  • In March 2020, Chimcoplex received approval from the Ministry of Health, Romania, for the production of 1.25% sodium hypochlorite. This is further expected to support the surface disinfectant manufacturers for production and thus drive the growth of the market segment.

For More Information, refer to below link:-

Global Hospital Disinfectant Products Market

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