The size of the global surface disinfectant market was around USD 614.97 million in 2020. This value is projected to grow at a CAGR of 8.23% to reach USD 913.26 million by 2025.
Surface disinfectant chemicals are used to kill or destroy microorganisms. These chemical agents are more effective than the sanitizers as they can crush all types of bacteria. These are different from the antibiotics, which fight with microorganisms within the body. Usually, surface disinfectants are used in hospitals, clinics, the kitchen, and other places to avoid the spread of infections.
The spread of COVID-19 is growing rapidly across the globe. The primary step to control the spread of this disease is disinfecting the surfaces everywhere. Government organizations have stepped out to disinfectant all the public places according to the guidance provided by healthcare professionals and health authorities. On March 10, 2020, the U.S. centers for disease control and prevention have recommended using environmental protection agency registered disinfectants to fight against this pandemic disease. Disinfecting all the surface areas with the chemical agents has become a significant factor in controlling the spread of this infectious disease.
MARKET DRIVERS
The significant factors fueling the surface disinfectant market are increasing expenditure and growth rate of healthcare, high prevalence of HAIs, increasing geriatric population, and implantation of stringent regulations. Favorable government initiatives on disinfection and sterilization due to rising incidents of human-transmitted diseases and other infections are some of the key factors driving the demand for surface disinfectants.
Prevalence to kill microorganisms to prevent the spread of infections is a major driving factor for the market growth. Increasing incidences of chronic diseases and a rise in patients' flow to hospitals also prompt the demand of the market. Government organizations are creating awareness over the importance of hygiene to control infectious disease, which is lucratively propelling the market's need.
Additionally, factors such as increasing awareness about the role of disinfection, growing demand for home disinfectants due to increasing focus on child health and rising disposable income, and the emergence of diseases like influenza, chikungunya, and Ebola, and growing economies of the counties across the world are likely to offer lucrative opportunities for the growth of the surface disinfectant market during the forecast period.
MARKET RESTRAINTS
Recently, WHO announced that spraying disinfectants are ineffective and can cause various health-related problems among people who may act as a restraint to the Surface Disinfectant Market's growth. Lack of proper knowledge over these chemical agents' use is slowly impeding the demand for the surface disinfectant market.
The challenges restricting the growth of the surface disinfectant market increase in adopting alternatives like UV radiation, disinfection of medical instruments, and pre sterilizations.
REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2019 to 2025 |
|
Base Year |
2019 |
|
Forecast Period |
2020 to 2025 |
|
Segments Covered |
By Formulation, Type, Application, End-User and Region |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
Regions Covered |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
This market research report on the global surface disinfectant market has been segmented and sub-segmented based on the formulation, type, application, end-user, and region.
Surface Disinfectant Market - By Formulation:
Based on formulation, the Liquid category is holding the most significant shares with a CAGR of 6.62% by owing to the rise in the demand to maintain hygiene by spraying disinfectants in public places. An increasing number of COVID-19 cases across the world is also a factor escalating the market's need. The wipe segment follows the liquid part in dominating the shares with the increasing production rate due to the easy availability of chemical products. The spray is to have a significant growth rate in foreseen years.
Surface Disinfectant Market - By Type:
Based on type, the quaternary ammonium compounds segment is ruling with dominant shares of the market. The growing scale of healthcare centers is one of the major factors fuelling the demand for this segment. Phenol is next to the quaternary ammonium compounds segment is holding the highest shares of the market with the growing awareness even in the rural areas through government initiatives. Chlorhexidine Gluconate, alcohol, and aldehyde are esteemed to grow in the coming years.
Surface Disinfectant Market - By Application:
In-house applications are holding prominent shares of the market. Increasing investments in the R&D activities are greatly influencing the growth rate of this segment. The instrument application is to have a slight growth rate in foreseen years. Rising human transmitted diseases is also bolstering the demand of the market.
Surface Disinfectant Market – By End-User:
The hospital's segment is estimated to grow at a CAGR of 7.02% from 2020 to 2025. An increasing number of patients visiting hospitals is anticipated to level the demand of the market. The growing need to improve hospital infrastructure is elevating the growth rate of the market. Rising expenditure on healthcare is boosting up the growth rate of the market. The laboratory segment has a steady growth rate in the forecast period.
Surface Disinfectant Market – By Region:
North America leads the market, closely followed by Europe. However, the Asian region is likely to witness the highest growth during the forecast period. The presence of developing countries like China and India, a large population, a rise in the number of hospitals, and growing awareness about infection control in the region are a few of the primary factors driving the high growth of this regional segment.
KEY MARKET PLAYERS:
Some of the companies leading the Global Surface Disinfectant Market profiled in this report are 3M Company (U.S.), Procter & Gamble (U.S.), and Reckitt Benckiser Group plc. (U.K.), The Clorox Company (U.S.), Sealed Air Corporation (U.S.), Steris Corporation (U.S.), Cantel Medical Corporation (U.S.), Johnson & Johnson (U.S.), and Ecolab (U.S.).
NOTABLE HAPPENINGS IN THIS MARKET IN THE RECENT PAST:
1. Introduction
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
2.1 Introduction
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. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
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 Type
5.1.1 Introduction
5.1.2 Quaternary Ammonium Compounds
5.1.3 Chlorhexidine Gluconate
5.1.4 Phenolic Compounds
5.1.5 Alcohols
5.1.6 Aldehydes
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 Formulation
5.2.1 Introduction
5.2.2 Liquids
5.2.3 Wipes
5.2.4 Sprays
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 Application
5.3.1 Introduction
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
5.4.1 Introduction
5.4.2 Hospitals
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 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Type
6.1.3.3 By Formulation
6.1.3.4 By Application
6.1.3.5 By End User
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Type
6.1.4.3 By Formulation
6.1.4.4 By Application
6.1.4.5 By End User
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Type
6.1.5.3 By Formulation
6.1.5.4 By Application
6.1.5.5 By End User
6.2 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.3 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.4 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 Australia
6.3.6 South Korea
6.5 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Argentina
6.4.4 Mexico
6.4.5 Rest of Latin America
6.6 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
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
8.1.1 Overview
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
8.4 Ecolab
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
Appendix
a) List of Tables
b) List of Figures
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