The size of the APAC surface disinfectant market is predicted to be worth USD 256.67 million by 2027 from USD 167.59 million in 2022. The market is growing at a CAGR of 8.9% from 2022 to 2027. It captures 25% of the global market.
The APAC surface disinfectant market is expected to be driven by the rising prevalence of chronic diseases. Also, the significant increase in hospital admissions and the increasing number of surgical procedures in healthcare facilities boost the market growth. Other factors such as the growing incidence of hospital-acquired infections, raising awareness of health & hygiene, increasing demand for surface disinfectants are propelling the market growth. In addition, the senior population is vulnerable to various chronic diseases such as diabetes, cancer, and others; therefore, the growing geriatric population is expected to be a growth driving factor for the APAC surface disinfectant market.
Additionally, increased efforts by regulatory bodies such as the WHO and CDC to control the spread of the coronavirus and stricter guidelines for using cleaning and disinfection products, particularly sanitizers, have boosted demand for the product in APAC. Furthermore, in developing countries such as India and China, the government is taking initiatives to create awareness about health & hygiene through medical tourism, which positively influences the market growth.
On the other hand, the factors such as increasing automotive production, industrial production, construction and infrastructure activities, and rising demand for maintaining cleanliness at these locations augment the market growth. In addition, the advancements in surface disinfection and stringent government regulations for surface disinfection positively influence the market growth for the surface disinfectant market. Increasing investments and funding by the government and non-government organizations for developing the healthcare infrastructure ensures new market entrants.
However, adverse health effects associated with many chemicals present in the disinfectants currently in use are majorly restraining the market growth. Also, when in close contact with humans or the environment, chemicals like sodium hypochlorite can help eliminate blood-borne infections while also causing harmful consequences on human health and the environment. As a result, rising demand for other environmentally friendly disinfection treatments hinders the market growth.
This research report on the APAC surface disinfectant market has been segmented & sub-segmented into the following categories:
Geographically, Asia pacific is to hit the highest CAGR in the coming years as there is increasing the transmission of diseases. However, the growing prevalence of disinfectants in all the places regularly to control the spread of COVID-19 is anticipated to level up the market's growth rate. In addition, an increasing number of healthcare centers due to rising coronavirus cases is bolstering the market's growth rate.
Among various Asia Pacific countries, the Indian surface disinfectants market is predicted to dominate during the forecast period, following China. Rise in the awareness over the preventive steps to control the spread of the deadly disease; the market is esteemed to have a substantial growth rate in this period. Growing disposable income in developed and developing countries is enhancing the demand for this market.
The Chinese surface disinfectant market follows India in accounting for the most significant share in the APAC from 2022 to 2027. The first COVID-19 case tested positive is in China, where it has gradually spread throughout the country. China has taken many initiatives to control coronavirus spread, mainly by disinfecting the surfaces with chemical agents. In addition, the rise in hospitals and healthcare centers is elevating the Chinese surface disinfectants market demand.
The Japanese surface disinfectant market is expected to perform well during the forecast period. Initiatives steps by both government and non-government organizations are indeed a significant factor fuelling the demand of the Japanese surface disinfectants market.
The Australian surface disinfectant market is standing next after India, China, and Japan is accounting for the most substantial share in the APAC market. However, the rise in the demand to increase the production of surface disinfectants due to the impact of COVID-19 is lavishing the market's growth rate to the extent. In addition, the prevalence of maintaining hygiene and kill microorganisms at frequently touched surfaces is propelling the demand of the Australian surface disinfectants market.
The growth for the surface disinfectants market in South Korea is going to hit the highest mark. Stringent rules and regulations by the government to follow preventive measures in controlling the spread of coronavirus enhance the market's growth rate in 2020. The growth rate is to continue during the forecast period.
KEY MARKET PLAYERS:
A few notable players in the APAC 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.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.2 Quaternary Ammonium Compounds
5.1.3 Chlorhexidine Gluconate
5.1.4 Phenolic Compounds
5.1.7 Other Surface Disinfectants
5.1.8 Y-o-Y Growth Analysis, By Type
5.1.9 Market Attractiveness Analysis, By Type
5.1.10 Market Share Analysis, By Type
5.2.5 Y-o-Y Growth Analysis, By Formulation
5.2.6 Market Attractiveness Analysis, By Formulation
5.2.7 Market Share Analysis, By Formulation
5.3.2 In-House Applications
5.3.3 Instrument Disinfection
5.3.4 Other Applications
5.3.5 Y-o-Y Growth Analysis, By Application
5.3.6 Market Attractiveness Analysis, By Application
5.3.7 Market Share Analysis, By Application
5.4 End User
5.4.3 Clinical Laboratories
5.4.4 Pharmaceutical Companies
5.4.5 Other End Users
5.4.7 Y-o-Y Growth Analysis, By End User
5.4.8 Market Attractiveness Analysis, By End User
5.4.9 Market Share Analysis, By End User
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
18.104.22.168 By Geographical Area
22.214.171.124 By Type
126.96.36.199 By Formulation
188.8.131.52 By Application
184.108.40.206 By End User
6.1.4 Market Attractiveness Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Type
22.214.171.124 By Formulation
126.96.36.199 By Application
188.8.131.52 By End User
6.1.5 Market Share Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Type
18.104.22.168 By Formulation
22.214.171.124 By Application
126.96.36.199 By End User
6.5 South Korea
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 3M Company
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Cantel Medical
8.3 The Clorox Company
8.5 Johnson & Johnson
8.6 Procter & Gamble
8.7 Reckitt Benckiser Group PLC
8.8 Sealed Air Corporation
8.9 Steris Corporation
8.10 Carroll Company
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
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