USD 5.49 billion
Surface Disinfectant Market Size, Share, Growth Analysis, By Type(Quaternary Ammonium Compounds, Hypochlorite, Alcohols, Aldehydes), By Formulation(Liquids, Wipes, and Sprays), By End-Use(Hospitals & Clinics, Outpatient Surgical Centers, and Other), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15A2092 |
Region:
Global |
Published Date: April, 2024
Pages:
184
|Tables:
92
|Figures:
80
Surface Disinfectant Market Insights
Surface Disinfectant Market size was valued at USD 5.49 billion in 2022 and is poised to grow from USD 5.88 billion in 2023 to USD 10.18 billion by 2031, growing at a CAGR of 7.10% during the forecast period (2024-2031).
An anti-microbial substance known as a surface disinfectant is used to eliminate any viruses or microorganisms that may be present on various surfaces. The rise in demand for disinfectants for use in livestock farms is one reason for the expansion, along with changes in lifestyle in emerging nations' economy and livestock farmers' awareness of animal diseases. Due to the COVID-19 epidemic, which caused numerous industrial centers and factories to close globally, there has been a major decrease in demand for raw materials and active chemicals. There has been a mismatch between supply and demand as a result of several factories operating at lower capacity or possibly shutting down. Nonetheless, an increase in the need for cleaning supplies, sanitizers, and disinfectants is anticipated to benefit market expansion. The by-products of the petroleum industry make up the majority of the raw materials utilized in the manufacture of surface disinfectants. These raw ingredients are generally sourced locally by firms in China, North America, and the developed economies of Europe. The industry has recently noticed a movement in the employment of biodegradable surface cleaners as a means of reducing toxicity caused by chemicals. Biodegradable surface disinfectants can be made from less expensive, more readily available raw ingredients. Surface disinfectants have seen a small to moderate price increase; nevertheless, the COVID-19 pandemic's unexpected increase in demand has led to supply constraints, which have further increased prices in 2020 and may continue at least into the first half of 2021.
The demand for the product has increased due to the strict regulatory standards for disinfection in commercial, industrial, and institutional sectors. Surface disinfectants contain a variety of chemical components that, when used according to instructions, produce outstanding results. They aid in stopping the spread and occurrence of numerous diseases. They, however, have the potential to be detrimental to both people and animals and ultimately cause environmental issues. The expansion of the industry may be threatened by incomplete understanding regarding the safe application of surface disinfectants and the health risks connected to these products.
US Surface Disinfectant Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Liquids
Fastest Growth
Liquids
Growth Rate
7.10% CAGR
Global Surface Disinfectant Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
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Surface Disinfectant Market Segmental Analysis
Global Surface Disinfectant Market is segmented based on type, formulation, end-use, and region. Based on type the market is segmented into Quaternary Ammonium Compounds, Hypochlorite, Alcohols, Aldehydes, Other. Based on formulation the market is segmented into liquids, wipes, and sprays. Based on end-use the market is segmented into Hospitals & Clinics, Outpatient Surgical Centers, and Other. Based on region the global market is segmented into North America, Europe, Asia-Pacific, Latin America, and MEA.
Analysis by Formulation
During the projected period, the liquids segment dominated the Surface Disinfectant market in 2022. This is attributable to increased usage of liquid surface disinfectants, which are being applied in more hospitals, homes, hotels, schools, malls, and other places, as well as increased market demand for surface disinfectants. Global market growth rate increased during the projection period due to improved antimicrobial capabilities and improved microbe killing using liquid-based cleaning solutions. The highest market growth and higher revenue share are attributed to liquid surface disinfectants, such as sodium hypochlorite, a liquid disinfectant with a lower risk of disease transmission.
Global Surface Disinfectant Market By Formulation, 2022 (%)
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Surface Disinfectant Market Regional Insights
The North America region is anticipated to dominate the market. This is because so many regulatory agencies, including the Health Canada and U.S. Environmental Protection Agency (EPA), have given their approval for the use of disinfection products in their respective nations. The market expansion in North America over the past several years has been driven by the constantly changing legislation, awareness of health & hygiene, healthcare spending, and increased R&D activity among surface disinfectant formulators, raw material manufacturers, and end-users. In Europe, the market has seen a rise in demand as a result of the pandemic. To fulfill the growing demand and supply the local healthcare institutions, many large international corporations are consistently growing their presence in the area by establishing numerous production and manufacturing facilities there. Also, the market in the region has grown due to technological and R&D developments in production technologies. The region's increasing demand for products, especially during the COVID-19 pandemic, has a significant positive impact on product consumption. The availability of affordable active ingredients has sped up market expansion both domestically and abroad.
Global Surface Disinfectant Market By Geography, 2022-2030
- Largest
- Fastest
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Surface Disinfectant Market Dynamics
Drivers
- The major factors driving the market growth are increasing awareness of infectious diseases, growing healthcare industry, and rise in the number of surgical procedures, increasing demand from the food and beverage industry and technological advancements.
- One of the key factors driving the market has been the rising awareness of infectious diseases. People are more conscious of the value of maintaining a clean and hygienic environment as the occurrence of infectious diseases like COVID-19 has increased. Due to their effectiveness in eradicating germs and stopping the spread of illnesses, this has increased the market. In order to lower the danger of infection, surface disinfectants are also being used more frequently in public spaces including offices, schools, and airports. The need for surface disinfectants has significantly increased as a result of this. Also, the global pandemic has sparked the creation of cutting-edge disinfectants that are more potent at eliminating bacteria and viruses. In order to create disinfectants that can successfully stop the spread of infectious diseases, businesses are making significant investments in research and development. As a result, there is now a greater need for surface disinfectants, which has greatly increased the market as infectious disease awareness has grown.
- Furthermore, as operating rooms and surgical equipment need to be completely disinfected to stop the spread of infections, the increase in surgical procedures is a major market driver. The demand for surface disinfectants rises along with the number of surgical procedures since their use is essential to maintaining a clean and sterile environment in surgical settings. For instance, the Centers for Disease Control and Prevention estimates that over 50 million surgical procedures were conducted in the United States alone in 2017. (CDC). The use of surface disinfectants to make sure that surgical tools, surfaces, and equipment are completely cleaned and free of hazardous microorganisms was a need for each of these procedures. Also, the need for surface disinfectants has also grown as a result of the increase in cosmetic surgery and minimally invasive treatments. For instance, the use of surface disinfectants is necessary for operations like Botox injections and fillers in order to stop infections and guarantee patient safety. In order to stop the spread of infections and ensure patient safety, healthcare providers, hospitals, and surgical centers must maintain a clean and sterile environment. As a result, the rise in invasive and non-invasive surgical procedures has been a major driver for the surface disinfectant market.
- Moreover, the factors such as increasing demand in emerging markets, advancements in technology, growing awareness of infection prevention, collaboration and partnerships by major players, and rise of e-commerce may offer several opportunities that can drive the growth of the market.
Restraints
- Even though the Surface Disinfectant has wide range of application, there are some factors such as stringent regulations, high costs, developing drug-resistant microorganisms, health risks and environmental concerns which may act as the restrain. Governmental organizations like the Environmental Protection Agency (EPA) in the United States and the European Chemicals Agency (ECHA) in the European Union control the use of specific chemicals in disinfectants. The development and usage of some disinfectants may be constrained by the rigorous restrictions, which may have an impact on market expansion. Also, the expense of manufacturing and distributing surface disinfectants may be passed on to the final consumer. These may not be widely used because of their high cost, especially in developing nations where healthcare expenditures may be constrained. Moreover, the abuse of disinfectants might result in the emergence of microbes that are resistant to their effects, reducing their efficacy and promoting the spread of illnesses. Moreover, certain disinfectants contain compounds that, when exposed repeatedly or for an extended period of time, may be detrimental to human health. This may restrict the use of some disinfectants, especially in places where people congregate, such schools and hospitals. Also, the creation and usage of some disinfectants may have detrimental effects on the environment, such as polluting and contaminating water supplies. This may prevent the use of some disinfectants, especially in settings that value the environment.
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Surface Disinfectant Market Competitive Landscape
Due to the existence of many multinationals competing to meet the high demand from a sizable base of end-users and consumers, the competitive landscape of the market is extremely fragmented. Important businesses are concentrating on using new marketing tactics and utilizing cutting-edge technologies to expand their customer base. By increasing their productivity, operational effectiveness, and lead time reduction, manufacturers are concentrating on controlling and optimizing supply efficiency and remaining competitive in the market. Many businesses now make biobased surface disinfectants as a result of rising consumer awareness of the toxicity of chemical-based treatments and rising disposable incomes among the majority of people in industrialized economies.
Top Player’s Company Profiles
- 3M Company
- Procter & Gamble Co.
- Reckitt Benckiser Group plc
- The Clorox Company
- Ecolab Inc.
- Johnson & Johnson Services, Inc.
- The Dow Chemical Company
- Steris Corporation
- Cantel Medical Corp.
- Diversey, Inc.
- Whiteley Corporation
- Metrex Research, LLC
- Becton, Dickinson and Company (BD)
- Sealed Air Corporation
- PAUL HARTMANN AG
- Parker Laboratories, Inc.
- Schulke & Mayr GmbH
- GAMA Healthcare Ltd.
- PDI, Inc.
- Pal International
Recent Developments
- In March 2022, Sani-24 Germicidal Disposable Wipe, Sani-HyPerCide Germicidal Disposable Wipe, and Sani-HyPerCide Germicidal Spray are three new products from PDI. These cutting-edge disinfectants will aid those who work in infection control in the fight against the rising rate of healthcare-associated infections (HAIs).
- In February 2022, In North America, SC Johnson Professional introduced their Quaternary Disinfectant Cleaning in a new, simple-to-measure, squeeze-and-pour bottle. In one labor-saving action, the product cleans, disinfects, and deodorizes. The packaging style makes it simple to measure for dilution in a bucket, automatic scrubber, or spray bottle.
- In June 2021, Under the name CaviWipe 2.0, Metrex Research, LLC introduced new surface disinfection wipes. These multipurpose disinfectant wipes offer defense against SARS-COV-2 and 42 other types of viruses. The two-minute contact duration of the multipurpose surface disinfectant wipes allows for one-step disinfection and cleaning of non-porous and hard surfaces in healthcare facilities. Metrex Research, LLC has been able to improve its product range for the healthcare application thanks to the product introduction.
- In February 2021, PUnder the name Microban 24, Procter & Gamble introduced a new antibacterial home sanitizer. There are three various versions of Microban 24 available, including a sanitizing spray, bathroom cleanser, and multipurpose cleaner. Major merchants all over the world and internet marketplaces sell the products. Proctor & Gamble hopes to expand its product lineup with the new product launch strategy.
Surface Disinfectant Key Market Trends
- Demand for high-performance Surface Disinfectant that provide higher protection, longer service lives, and lower emissions is growing as energy efficiency and environmental protection become more and more important. Due to their greater performance and positive effects on the environment, speciality Surface Disinfectant, bio-based Surface Disinfectant, and synthetic Surface Disinfectant are becoming more and more popular.
- The demand for Surface Disinfectant is primarily driven by the increased output of machinery and vehicles in the automotive and industrial sectors. Surface Disinfectant that provide enhanced protection, increased fuel efficiency, and decreased emissions will be in high demand as the market for fuel-efficient cars and high-performance industrial machinery expands.
- The usage of bio-based Surface Disinfectant, which are sourced from renewable resources such vegetable oils, animal fats, and biodegradable synthetic oils, is expanding in response to growing environmental concerns. Reduced toxicity, diminished environmental effect, and increased biodegradability are just a few advantages that come with using bio-based Surface Disinfectant.
Surface Disinfectant Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global Surface Disinfectant market analysis, increasing awareness of infectious diseases, growing healthcare industry, and rise in the number of surgical procedures, increasing demand from the food and beverage industry and technological advancements are several factors are driving the market growth.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 5.49 billion |
| Market size value in 2031 | USD 10.18 billion |
| Growth Rate | 7.10% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
Recent Developments
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Surface Disinfectant Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Surface Disinfectant Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Surface Disinfectant Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Surface Disinfectant Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Surface Disinfectant Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Surface Disinfectant Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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