The Global Surface Disinfectant Market size is expected to reach USD 780.39 million by 2021 owing to growing prevalence rate of infectious disease

Hyderabad, India -- (SBWire) -- 02/27/2018 --According to a new market research report " Surface Disinfectant Market By Formulation (Wipe, Liquid, Spray), By Type (Quaternary Ammonium Compounds, Phenol, Chlorhexidine Gluconate, Alcohol, Aldehyde), By Application (In-house, Instrument), End User (Hospitals, Laboratories) And By Region - Global Industry Analysis, Size, Share, Growth, Trends And Forecasts (2016–2021)", published by MarketDataForecast™, the market is expected to reach USD 780.39 million by 2022 from USD 525 million in 2016, at a CAGR of 8.23%. Factors driving the growth of this market is the usage of product itself. Meaning that with increase in awareness about the infectious diseases and knowing to prevent the spreading by surface disinfectants results in increase in the use of the products owing to the growth in this market.

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Liquids segment dominated the market in the year 2016.
By formulation, the Surface Disinfectants Market is classified into wipe, liquids and spray. The liquids segment is likely to lead the surface disinfectants Market in the aforementioned forecast period. Factors driving the growth of this segment include the increase in demand for the sterilization of hospital zones and the rise in adoption of such formulations.

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The quaternary ammonium segment commanded highest share in the market in 2016
By type, the market is segmented into Quaternary Ammonium Compounds, Phenol, Chlorhexidine Gluconate, Alcohol and Aldehyde. The quaternary ammonium segment is commanded the majority share in Surface Disinfectants Market in the year 2016. The greater consumption of disinfectants in hospitals and widespread availability of the products are the main reasons promoting the growth in this market.

The in-House segment is holding the largest share in the market in the year 2016
By application, the market is segmented into in-House and instrument type. In 2016, the in-House segment commanded the largest share in the market. The need to reduce the incidence of HAI's is driving the growth in this segment of the market.

Hospitals are estimated to command for the largest share of the market during the forecast period
On the basis of end users, the Surface Disinfectants Market is categorized into hospitals and laboratories. The hospitals segment is estimated to account for the largest share of the global Tissue Diagnostics Market during the forecast period. The increase in number of hospitals in growing countries and rising incidence of HAI's are driving the growth in this segment.

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North America is estimated to command the largest share of the market
Based on region, the Surface Disinfectants Market is segmented into North America, Europe, Asia, and Rest of the World (RoW). North America is dominated the Surface Disinfectants Market in 2016.Asia – Pacific region is expected to grow with a very high CAGR due the increasing populations in those countries resulting in the increase in number of hospitals and growing awareness about prevention of infectious diseases.

Key players in the Surface Disinfectants Market include Procter & Gamble (U.S.), The Clorox Company (U.S.), Steris Corporation (U.S.), Johnson & Johnson (U.S.), 3M Company (U.S.), Reckitt Benckiser Group plc. (U.K.), Sealed Air Corporation (U.S.), Cantel Medical Corporation (U.S.), and Ecolab (U.S.).

The scope of the report provides:
The evaluation of the current market for your product or services and the future implications of the market
Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future
Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment
Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share
The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter's Five Forces
The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors
Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments
Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence
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