Latin America Surface Disinfectant Market is segmented By Product Type (Quaternary Ammonium Compounds, Peracetic Acid, Hydrogen Peroxide, Phenol, Alcohol, Sodium Hypochlorite, Hypochlorite, Others), By Formulation (Wipes, Sprays, Liquids), By End-User (Hospitals & Clinics, Outpatient Surgical Centres, Restaurants & Food Chains, Households, Others), and By Country (Brazil, Argentina, Chile, Mexico and Rest of Latin America) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Report Overview
The Latin America Surface Disinfectant Market is expected to grow at a CAGR of 9.16% during the forecast period 2024-2031.
A surface disinfectant is a chemically generated product that is used to destroy bacteria that have grown on the surface. Surface disinfectants with higher sterilization and resistance to germs and microorganisms employ several methods, such as physical and chemical techniques that use surface cleaning. Disinfectants are also used to clean the skin and keep it free of microorganisms. Surface disinfectants are used for cleaning in areas such as surgery, hospitals, clinics, restrooms, and kitchens. For example, sanitisers are comparable to disinfectants used in cleaning. The increased usage of surface disinfectants in many sectors, primarily for home uses, cleaning hospital premises, and others, has contributed to the growth of the surface disinfectant market.
Market Scope
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Metrics |
Details |
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CAGR |
9.16% |
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Size Available for Years |
2022-2031 |
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Forecast Period |
2024-2031 |
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Data Availability |
Value (US$) |
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Segments Covered |
Product Type, Formulation, and End-User |
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Countries Covered |
Brazil, Argentina, Chile, Mexico and Rest of Latin America |
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Largest Country |
Mexico |
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Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
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Market Drivers
Increasing R&D spending, as well as an increase in the number of patients diagnosed with COVID-19 illness, are driving the Latin American surface disinfectant market's growth rate. The Latin American market accounts for about 10% of the global Surface Disinfectant market. The disinfectant on the surface is important in avoiding infections.
The rising incidence of infectious illnesses, particularly COVID-19, is currently driving market expansion. Rising disposable income in both developed and developing countries, as well as encouragement to prevent infectious diseases from international organizations such as the World Health Organization, International Federation of Infection Control, and the Centre for Disease Control and Prevention, all contribute to market growth. One of the driving drivers in this industry is the growing use of surface disinfectants.
Segmentation Analysis
The Latin America Surface Disinfectant Market is segmented by product type, formulation, end-user, and region.
On the basis of end-users, the restaurant segment accounts for the largest market growth with increased revenue share with increased sanitization processes and maintaining hygiene, dominating the surface disinfectant market with the fastest-growing CAGR rate during the forecast period. Increased use of surface disinfection in swimming pools, bedrooms, lobbies, common spaces, and other places has contributed to boosting the market for surface disinfectant.
Hospitals have a substantial market growth of surface disinfectants due to the widespread use of surface disinfectants in bathrooms, toilets, surgery, and other areas to maintain cleanliness and prevent the transmission of illness, which drives the surface disinfectant market.
Regional Analysis
Regionally, the Mexican surface disinfectant market is expected to dominate in Latin America over the projected period. Growing usage of surface disinfectants to maintain cleanliness, particularly in hospitals and clinics, as well as increased awareness of using these disinfectants in the home to kill germs, are a few reasons driving the market's growth rate.
Following Mexico, the surface disinfectant market in Brazil is predicted to expand rapidly throughout the forecast period. A rapid increase in the manufacturing rate of surface disinfectants to clean every surface to prevent COVID-19 transmission is boosting market demand. Furthermore, the increased utilization of these disinfectants in clinical labs is exerting pressure on the market's growth pace.
Competitive Landscape
The key players contributing to the Latin America Surface Disinfectant Market growth include 3M Company, Procter & Gamble, Reckitt Benckiser Group PLC, The Clorox Company, Sealed Air Corporation., Steris Corporation, Cantel Medical Corporation, Johnson & Johnson, and Ecolab.
