The size of the Latin American surface disinfectant market is estimated to be USD 447.5 million in 2023. It is expected to grow at a CAGR of 9.16% to reach USD 693.6 million by 2028.
Increasing investments in R&D activities and the rising number of people diagnosed with COVID-19 disease are promoting the growth rate of the Latin American surface disinfectant market. Latin American market captures about 10% of the worldwide Surface Disinfectant market. The disinfectant on the surface plays a significant role in preventing infections. The increasing prevalence of infectious diseases, especially COVID-19 worldwide, is presently fuelling the market growth. Rising disposable income in both developed and developing countries and encouragement from international organizations such as the World Health Organization, International Federation of Infection Control, and the Centre for Disease Control and Prevention to prevent infectious diseases also contribute to the market growth. The increasing popularity of the use of surface disinfectants is one of the driving forces in this market.
Control processes in these organizations make it very difficult to implement new products. The use of irrational contact or object with a disinfectant surface has a low risk of causing infection in humans. Ongoing disease prevention and control guidance is expected to pose a challenge to the Latin American surface disinfectant market.
This research report on the Latin American surface disinfectant market has been segmented & sub-segmented into the following categories:
Latin America Surface Disinfectant Market - By Formulation:
Latin America Surface Disinfectant Market - By Type:
Latin America Surface Disinfectant Market - By Application:
Latin America Surface Disinfectant Market - By End-User:
Latin America Surface Disinfectant Market - By Region:
Regionally, the Mexican surface disinfectant market is predicted to lead in Latin America during the forecast period. Growing adoption of surface disinfectants to maintain hygiene, especially in hospitals and clinics, and raising awareness of using these disinfectants at houses to kill microorganisms are a few factors promoting the market’s growth rate. Following Mexico, the Brazilian surface disinfectant market is expected to grow significantly during the forecast period. The sudden rise in the production rate of surface disinfectants to clean every place to stop transmission of COVID-19 is leveraging the growth of the Brazilian market. In addition, the increase in the adoption of these disinfectants in clinical laboratories is also gaining traction over the growth rate of the Brazilian market.
KEY MARKET PLAYERS:
Some of the noteworthy companies operating in the Latin American surface disinfectant market analyzed in this report are 3M Company, Procter & Gamble, Reckitt Benckiser Group PLC, The Clorox Company, Sealed Air Corporation., Steris Corporation, Cantel Medical Corporation, Johnson & Johnson, and Ecolab.
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