Posted On: 2020-11-27
Malaysia surface disinfectant market has acquired the largest revenue share of Liquids in the overall surface disinfectant market in Malaysia- 6Wresearch.
Malaysia surface disinfectant market is anticipated to grow significantly over the coming years on account of the increasing concerns related to public health and safety in the years to come. Rising awareness among the public regarding cleanliness, increasing government initiatives towards disinfecting several public places, soaring cases of Covid-19 infections as well as growing healthcare infrastructure are some of the key growth drivers of the Malaysia surface disinfectant market during the forecast period. However, the market revenues would witness boost in 2020 because of mass use of disinfectants leading to reduce the spread of corona virus.
According to 6Wresearch, Malaysia surface disinfectant market size is projected to grow at a CAGR of 3.9% during 2020-26. Malaysia surface disinfectant market is expected to grow in the forecast period on the account of growing instances of hospital-acquired infections (HAIs) in the country. Rising allocation of funds by companies in research and development of advanced surface disinfectant solutions would push the market growth in upcoming years. Further, the ongoing scenario of corona virus is going to boost the adoption of surface disinfectants over the coming years.
According to Prithu, Senior Research Analyst, 6Wresearch, “The liquid segment is projected to show significant growth during the forecast period owing to several factors such as its widespread usage in residential and commercial segments, cost effectiveness, easy availability and application reach. By End-Users, the hospital segment is anticipated to register the highest growth on account of higher incidence of hospital-acquired infections which has raised the adoption of infection control measures in hospitals.
“The Peninsular region in Malaysia holds the major market revenue share in the overall surface disinfectant market of Malaysia and is likely to retain the same over the forthcoming period on account of the rapid development in the commercial, residential and tourism sector.” Prithu further added.
According to Anshul and Bhawna, Research Associates, 6Wresearch, “Tourism sector and Residential sector results for major growth of surface disinfectants in the Malaysia surface disinfectant market. Rising demand for surface disinfectants in hotels, houses, railway stations, metro, airports, malls, etc due to corona virus is likely to drive the overall market during the forecast period.”
“Malaysia Surface disinfectant Market (2020-2026)" report provides an in-depth analysis with 18 figures, covered in 89 pages. The report estimates and forecast the overall Malaysia surface disinfectant market by types, products, end-user, applications, and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.