The global surface disinfectant market size is forecasted to worth USD 988 million by 2026 from USD 665 million in 2021, growing at a CAGR of 8.23% from 2021 to 2026.
Surface disinfectant chemicals are used to kill or destroy microorganisms. These chemical agents are more effective than sanitizers as they can crush all types of bacteria. These are different from 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 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 had 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 recent COVID-19 outbreak, Y-O-Y growth in the prevalence of HAIs, the increasing geriatric population, the implantation of stringent regulations, and the growing healthcare sector are significant factors driving the global surface disinfectants market.
Additionally, 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 market demand. 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 |
2020 to 2026 |
|
Base Year |
2020 |
|
Forecast Period |
2021 to 2026 |
|
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 projected to lead the global surface disinfectant market during the forecast period and estimated to showcase a CAGR of 6.62%, 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 had dominated the global market in 2020 and predicted to continue the domination throughout the forecast period. 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:
Based on the application, the In-house application is the most lucrative segment. 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:
Based on end-user, the hospital segment is estimated to grow at a CAGR of 7.02% from 2021 to 2026. 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:
Geographically, the global surface disinfectant market was dominated by the North American region in 2020 and accounted for over 40% share. Analysts at Market Data Forecast forecasted that the North American region would be continuing its domination throughout the forecast period. Y-O-Y growth in the incidence of hospital-acquired infections, rising aging population, and growing healthcare infrastructure in this region is accelerating market growth in this region. In the North American region, the United States is ruling and is forecasted to hike at a CAGR of 9.2% between 2020 to 2025. The U.S. government is encouraging people to use surface disinfectants to be on the medical hygiene side, which is significantly driving the growth of this market.
The European market is projected to witness lucrative growth during the forecast period and is estimated to rise at a CAGR of 8.45% between 2020 to 2025. The recent COVID-19 outbreak has significantly increased the sales for these products in this region, and the impact is predicted to be continuing throughout the forecast period.
In 2020, the Asia-Pacific market accounted for a substantial share globally and expected to strengthen its position in the global market 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.
Regions like Latin America, Middle East, and Africa are expected to have stable growth during the forecast period as countries of these regions invest in developing the healthcare system, and increased awareness about hygiene is forecasted to drive growth.
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.).
Some of the leading companies in the market are investing heavily in research and development activities to come up with new products to maximize their market share.
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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