The has been estimated to experience significant growth avenues in the upcoming years. This market growth is on the back of the growing count of the products in the market. Consumers around the world are becoming more conscious related to the importance of hygiene. In addition to this, these surface disinfectant products are used at a larger scale in different spaces of human life. Owing to these factors, the market has been predicted to experience significant expansion opportunities in the forthcoming years.
Further, the stringent regulations for cleanliness are likely to drive the development of the surface disinfectant market in the forthcoming years. In addition to this, the increasing demand to prevent gums breeding is fueling the growth prospects in the market. The key players are also taking initiatives to improve education levels among the people, especially from the emerging economies. Thus, based on these factors, the surface disinfectant market has been anticipated to enjoy promising growth opportunities in the forthcoming years.
The market of surface disinfectants was valued at around US$ 0.8 Bn. in the year 2016. As per the research report by Transparency Market Research, the surface disinfectant market is anticipated to reach a CAGR of 10.40% and gain a valuation of US$ 1.7 Bn. during the forecast period from 2016 to 2024.
Increasing Count of Chronic Diseases Anticipated to Bring Growth Avenues in Surface Disinfectant Market
There has been a significant increase in the count of surgical procedures at hospitals or healthcare centers. This factor is predicted to create growth prospects in the surface disinfectant market in the forthcoming years. The growing geriatric population and rising prevalence of chronic diseases are likely to aid value to the development in the market growth during the forecast period.
The development of novel products along with innovations in the surface disinfectant industry is likely to generate development opportunities in the market. On the other hand, there is an increased concern about the sterilization and disinfection of different advanced medical instruments. This factor is estimated to restrict the growth opportunities in the surface disinfectant market during the forecast period. The arrival of novel compositions in order to overcome the bacterial resistance for different disinfectants has been predicted to boost growth avenues in the market in the upcoming years.
Some of the key players operating in the surface disinfectant market include Johnson & Johnson Services Inc., Kimberly-Clark, Henry Schein, Procter & Gamble, DuPont, and 3M Company.
Asia Pacific Region Estimated to Hold Significant Position in Terms of Market Growth in Coming Few Years
The global surface disinfectant market has been spread across various geographical locations around the world including North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa. Among these, the Asia Pacific region has been estimated to retain a significant share in the surface disinfectant market around the world. The region is predicted to maintain its dominating position in the forthcoming years. This regional growth can be attributed to the rapid development in the construction industry. In addition to this, increasing the disposable income of the consumers has been expected to create growth avenues in the market in the upcoming years. After the Asia Pacific region, the Middle East & Africa is estimated to hold the second position in the market during the forecast period.
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