A 1.5x increase in the revenue of surface disinfectant chemicals on a global level to be observed during 2017-2027
According to the research report, the global surface disinfectant chemicals market is expected to witness a moderate growth during the period of forecast. Disinfectant Chemicals are widely used for disinfection and cleaning of surfaces, which is a necessary step for maintaining the cleanliness in the manufacturing processes of various pharmaceuticals. Surface disinfectant chemicals are not only used for preventing the growth of any type of microorganisms which can contaminate the whole system but also to mitigate any other kinds of problems to enhance the overall productivity and efficiency of the manufacturing processes. Therefore, the growing pharmaceutical sector is anticipated to uplift the growth of surface disinfectant chemicals market during the forecast period. In terms of volume, the global surface disinfectant chemicals market is expected to grow from 1,849,548 tons in 2017 to 2,752,610 tons by 2027. In terms of market value, the global market for surface disinfectant chemicals in 2017 is around US$ 2.8 Bn and is estimated to reach a value of more than US$ 4 Bn by the end of the assessment year. The global market of surface disinfectant chemicals is poised to register a value CAGR of 4.4% throughout the period of forecast.
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Quaternary ammonium compounds by type to contribute to the growth of the global market
Quaternary ammonium compounds segment by type is expected to contribute to the growth of the growth of global surface disinfectant chemicals market in the coming years on a large scale. This segment has been following this trend since last couple of years, wherein it reflected a higher revenue generation thus leading the global market. In 2017, the revenue generated by the quaternary ammonium compounds segment was more than US$ 1 Bn and it is anticipated to reach a higher valuation of about US$ 1.9 Bn by the end of the year of assessment (2027) growing at a higher CAGR of 4.6%. This segment radiates high attractiveness and is likely to dominate the global surface disinfectant chemicals market throughout the period of forecast.
Halogens segment by surface disinfectant chemical type is expected to witness a rise in volume in terms of generation in the coming years. This segment is the second largest segment in terms of market value or revenue generation with a US$ 567.7 Mn estimation in 2017. However, in terms of volume, it is highly produced to showcase a rise in volume by 249377 tons during 2017-2027. The volume growth of halogen segment is projected to register CAGR of 4.0% throughout the period of forecast. With respect to volume, the quaternary ammonium compounds segment is expected to reach 521,511 tons by the end of 2027.
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Regional insights on adoption of surface disinfectant chemicals across various disinfectant chemical types
The surface disinfectant chemicals market is surging ahead with significant growth in Asia Pacific excluding Japan (APEJ), North America and Western Europe regions owing to increase in demand for surface disinfectant chemicals in these regions. The quaternary ammonium compounds segment in APEJ surface disinfectant chemicals market is expected to show dominance on other segments in the type category in terms of both value and volume. By 2027, this segment is expected to reach a value of US$ 885.8 Mn. In North America, halogens segment is expected to reflect a high volume of 264,971 tons by the end of 2027, whereas quaternary ammonium compounds segment dominates the region in terms of value. In Western Europe also, the halogens segment lead the market in terms of volume and quaternary ammonium compounds segment lead the market in terms of value during the period of forecast.