Surface Disinfectant Market

Global Surface Disinfectant Market Size (2022 to 2027)

The global surface disinfectant market is forecasted to be worth USD 7.75 billion by 2027 from USD 5.22 billion in 2022, growing at a CAGR of 8.23% from 2022 to 2027. 

Global Surface Disinfectant Market Share Insights:

• Based on type, the alcohol segment captured the most significant share of the surface disinfectants market in 2021.
• Based on formulation, the liquid segment accounted for 59.4% of the global market share in 2021 and is anticipated to dominate throughout the forecast period.
• Based on application, the in-house segment led the market and held 70.8% of the global market share in 2021.
• Geographically, North America had the leading share of 40.8% of the global market in 2021.
• The European market is anticipated to be worth USD 2.24 billion by 2027.
• The Asia-Pacific region is estimated to grow at a CAGR of 10.19% from 2022 to 2027

Surface disinfectant chemicals are used to kill or destroy microorganisms. These chemical agents are more effective than sanitizers because they crush all bacteria. These are different from antibiotics, which fight microorganisms within the body. Usually, surface disinfectants are used in hospitals, clinics, the kitchen, and other places to avoid spreading infections.

Impact of COVID-19 on the global surface disinfectant market:

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 disinfect 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 recommended using environmental protection agency registered disinfectants to fight against this pandemic disease. Disinfecting all the surface areas with chemical agents has become a significant factor in controlling the spread of this infectious disease.

MARKET DRIVERS:

Y-O-Y growth in the prevalence of HAIs, the growing prevalence of infectious diseases, the increasing geriatric population, the implementation of stringent regulations, and the growing healthcare sector are propelling the global surface disinfectants market.

The recent COVID-19 pandemic increased the usage of surface disinfectants worldwide, thus contributing to market growth. The prevalence of killing microorganisms to prevent the spread of infections is a major driving factor for market growth. Furthermore, increasing incidences of chronic diseases and a rise in patient flow in hospitals, as increased awareness programs by the government and non-government organizations to promote the awareness of hygiene to control infectious diseases, are driving the surface disinfectants market. In addition, favorable government initiatives on disinfection and sterilization due to rising incidents of human-transmitted diseases and other infections are key factors driving the demand for surface disinfectants.

Y-O-Y growth in the incidence of chronic diseases is anticipated to boost market growth.

The number of patients admitted to hospitals suffering from chronic diseases is significantly growing worldwide. Therefore, hospitals must be disinfected frequently to keep patients safe from acquiring any infectious disease. People suffering from diseases such as cancer, diabetes, and heart-related problems are more prone to the infections around them. Moreover, increasing surgery for this treatment has more chance of spreading the virus or infection through the instrument used. This may lead to sickness in the healthcare provider and workers working in the environment. As a result, this surface disinfectant is used to clean the floor and the surgical-related equipment to reduce the further spread of infection. Considering all these factors surface disinfectant market has demand during the forecast period.

Furthermore, 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, 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. Increasing production of new surface disinfectants in recent times also drives the market forward. Key players are manufacturing different surface disinfectants for different areas based on the level of infection spread. They also focus on the concentration level of the disinfectant to reduce any further side effects caused by using surface disinfectant for an extended period.

MARKET RESTRAINTS:

Furthermore, high costs associated with some surface disinfectants, lack of awareness about different types of surface disinfectants in some backward regions, and side effects of using some high-concentration disinfectants restrain the market growth. In addition, the availability of alternative products and advanced technologies in killing the virus and microorganisms also hamper the market growth.

REPORT COVERAGE:

This market research report on the global surface disinfectant market has been segmented and sub-segmented into the following categories.

Surface Disinfectant Market - By Formulation:

• Wipe
• Liquid
• Spray

Based on the formulation, the liquid segment will lead the global surface disinfectant market during the forecast period. It is estimated to showcase a CAGR of 6.62%, owing to the rise in the demand to maintain hygiene by spraying disinfectants in public places. In addition, an increasing number of COVID-19 cases worldwide is also a factor escalating the segment's growth.

The wipe segment also accounted for a substantial share of the global market in 2021 and is anticipated to grow at a moderate CAGR during the forecast period. Growing production rate due to the easy availability of chemical products is one of the factors boosting the segment's growth.

On the other hand, the spray segment is also forecasted to have significant growth during the forecast period.

Surface Disinfectant Market - By Type:

• Quaternary Ammonium Compounds
• Phenol
• Chlorhexidine Gluconate
• Alcohol
• Aldehyde

Based on type, alcohol led the surface disinfectant market in 2021.

On the other hand, the quaternary ammonium compounds segment held a considerable share of the global market in 2021 and is predicted to continue showcasing a healthy CAGR throughout the forecast period. The growing scale of healthcare centers is one of the major factors fuelling the demand for this segment.

The phenol segment is another lucrative segment anticipated to perform well during the forecast period owing to growing awareness through government initiatives, even in rural areas. In addition, chlorhexidine Gluconate, alcohol, and aldehyde will grow in the coming years.

Surface Disinfectant Market - By Application:

• In-house
• Instrument

Based on the application, the In-house application is the most lucrative segment. Increasing investments in R&D activities greatly influence this segment's growth rate. 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:

• Hospitals
• Laboratories

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 market's demand. The growing need to improve hospital infrastructure is elevating the market's growth rate. In addition, rising healthcare expenditure is boosting the market's growth rate. The laboratory segment has a steady growth rate in the forecast period.

Surface Disinfectant Market – By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa

Geographically, the global market was dominated by the North American surface disinfectant market in 2021 and accounted for over 40% share. North America's domination is expected to continue throughout the forecast period. Y-O-Y growth in the incidence of hospital-acquired infections, the rising aging population, and the growing healthcare infrastructure in this region are accelerating market growth. In the North American region, the United States is ruling and is forecasted to hike at a CAGR of 9.2% during the forecast period. The U.S. government is encouraging people to use surface disinfectants to be on the medical hygiene side, significantly driving this market's growth.

The European surface disinfectant market is projected to witness lucrative growth during the forecast period and is estimated to rise at a CAGR of 7.4% from 2022 to 2027. The recent COVID-19 outbreak has significantly increased the sales of these products in this region, and the impact is predicted to continue throughout the forecast period.

In 2021, the Asia-Pacific surface disinfectant market accounted for a substantial share globally and was 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 some of the primary factors driving the high growth of this regional segment.

The Latin American surface disinfectant market is expected to showcase a CAGR of 9.16% from 2022 to 2027.

The surface disinfectant market in the Middle East and Africa is expected to have stable growth during the forecast period as countries of these regions invest in developing the healthcare system and increasing awareness about hygiene.

KEY MARKET PLAYERS:

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 develop new products to maximize their market share.

RECENT HAPPENINGS IN THE MARKET:

• In February 2020, Procter & Gamble (P&G) launched Microban 24, which protects surfaces for 24 hours by killing 99.9% of germs. As sanitizing is a significant part of controlling the transmission of diseases like COVID-19, this product receives a positive response from customers.
• In October 2019, 3M acquired Acelity, Inc. with a $6.7 billion cash transaction. This acquisition is to bring out innovative healthcare solutions where patients can have a better experience.
• In December 2018, Ecolab Inc. acquired Holchem Group Limited, a leading company in hygiene and cleaning products. This acquisition is anticipated o strengthen the portfolio of the companies in the market.
• In July 2017, 3M Company launched a 3M Curos Stopper disinfecting cap product. The role of this cap is to protect the port of the instrument from getting contaminated.
• In June 2017, Clorax Company launched bleach germicidal wipes and hydrogen peroxide cleaner disinfectants.