Surface Disinfectant Market to Reach USD 1.53 Billion by 2027 | Reports And Data

• The growing prevalence of infectious diseases and increasing awareness of sanitation among consumers is driving the demand of the market
• Market Size – USD 835.8 Million in 2019, Market Growth - CAGR of 8.3%, Market Trends –High prevalence of contagious infections, such as COVID-19

NEW YORK, Aug. 5, 2020 /PRNewswire/ -- The Global Surface Disinfectant Market is forecast to reach USD 1.53 Billion by 2027, according to a new report by Reports and Data. The surface disinfectant market is growing due to the rise in the number of HAIs or hospital-acquired infections, and growth in the incidence of contagious diseases. Technological advancement and increasing awareness among the public have led to an increase in the number of surgical operations, which, in turn, is augmenting the demand for the industry. 

Strict legislative guidelines, such as the Affordable Care Act, have forced hospital administrators to maintain clean facilities. The ongoing COVID-19 epidemic has led companies to understand the necessity for healthcare facility disinfection and cleanliness. The development of alternatives to disinfectant is also challenging market growth. Innovative technologies are being developed as a substitute for manual cleaning.

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North America held the largest market share throughout the forecast period. The region is anticipated to witness several growth opportunities owing to the increase in the level of awareness among consumers due to the presence of a large number of educational institutes, hospitals, corporate buildings, and also rise in the self-hygiene among people, which will significantly influence the growth of the industry.

COVID-19 Impact Analysis:

With the outbreak of the coronavirus, the WHO encourages people to take more aggressive steps to prevent the widespread of the virus, especially in hospitals or places where the infected patients are being treated. Coronavirus is having a substantial impact on the surface disinfectant industry. The increasing demand for disinfectants and sanitizers as preventive measures against COVID-19 has resulted in changing the dynamic of the market. People are stockpiling, and manufacturers have started production in large quantities to meet the requirements of the consumers. The demand has search exponentially. The market has witnessed high demand during the epidemic and is anticipated to grow in the coming years due to the growth in the adoption of cleaning supplies and more awareness.