Surface Cleaning Products Market Expected to Reach $29.6 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Surface Cleaning Products Market," The surface cleaning products market size was valued at $17.9 billion in 2020, and is estimated to reach $29.6 billion by 2032, growing at a CAGR of 4.2% from 2023 to 2032. Surface cleaning products are widely used for disinfecting different cleaning surfaces of grease, stains, grime, and oil deposits as well. They are extensively applied in household and commercial setups to get rid of germs and unwanted materials on surfaces. Moreover, continuous efforts have been made by various surface cleaning products to increase the efficiency of their action. Furthermore, constant efforts are being made to advance the formulations of surface cleaning products. Repeated initiatives have been made with an aim to develop environment-friendly and effective surface cleaning products.

An increase in healthcare expenditure and a rise in the number of temporary hospitals are some of the major factors that drive the demand for surface cleaning products market In addition, the growing population is anticipated to boost the demand for surface cleaning products market growth. This has increased the use of surface cleaners at a high pace due to the direct correlation between the geriatric population, occurrence of chronic diseases, increase in hospitalization rates and an increase in the risk of spread of HAIs. Chemicals are part of everyday activities and there is a high chance of being affected by the chemicals.

Thus, it has been seen that many consumers have shifted toward green and natural products which are considered to be eco-friendly and do not adversely affect the skin and environment. In addition, growth in awareness of hygiene and cleanliness of the environment is anticipated to provide lucrative opportunities for the growth of the market.

 The growing awareness about organic and natural cleaning products, many companies are now offering a wide range of natural cleaning products, making them more accessible to consumers. The surface cleaning products market trends is that the manufacturers offer innovative and cost-effective products in developing countries such as India, and Chile, among others is expected to propel surface cleaning products market growth. The rise in awareness regarding environmental concerns and adverse effects of chemical-based disinfectants is expected to restrain the growth of the market during the forecast period. The increase in the demand for organic cleaning products is expected to propel the growth of the surface cleaning industry.

Typically, surface cleaning products are made up of components such as alcohol, hydrogen peroxide, QUATS, chlorine compounds, and others. The market is analyzed with respect to different applications such as household and commercial. Out of these, the household segment accounted for the highest market share in 2020, owing to the high prevalence of infections that have created the demand for surface cleaning products. On the basis of product type, it is based on liquid, powder and wipes. The liquid segment accounted for the highest market share owing to the wide usage of these disinfectants, especially in emerging and underdeveloped countries due to their low cost. However, the adverse effects of chemical disinfectants constrain the growth of the market.

In 2020, Asia-Pacific accounted for the highest share in the surface cleaning products market share, in terms of revenue. Moreover, the market in LAMEA is anticipated to grow with the highest CAGR, owing to growth in the healthcare sector in the region.

Various manufacturers in the surface cleaning product market such as 3M Company, Carrollclean, Diversey Inc., Ecolab Inc., Medline Industries LP., Metrex Research LLC, and The Clorox Company offer a wide variety of surface cleaning products for household and commercial applications. For instance, in November 2022, Medline launched the EPA-cleared Micro-Kill Bleach Germicidal Bleach Wipes to be marketed as killing the fungus on hard, non-porous surfaces. Micro-kill bleach Germicidal wipes are an effective way to disinfect hospital surfaces, where C. auris tends to be persistent in the environment. This launch aims to improve the product portfolio.

Key Benefits For Stakeholders

• The report provides an extensive analysis of the current and emerging surface cleaning products market trends and dynamics. 
• In-depth surface cleaning products market analysis is conducted by constructing market estimations for the key market segments between 2020 and 2032.
• Extensive analysis of the surface cleaning product market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
• A comprehensive analysis of all regions is provided to determine the prevailing opportunities.
• The surface cleaning products market forecast analysis from 2023 to 2032 is included in the report.
• The key market players within the surface cleaning products market overview are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the surface cleaning products industry.