Surface Disinfectant Market Size, Share & Industry Analysis, By Type (Aerosol, Gel, Liquid, and Wipe), By Composition (Alcohols, Chlorine Compounds, Quaternary Ammonium Compounds, Hydrogen Peroxide, Peracetic Acid, and Others), By Application (Residential, Commercial, Health Care Facility, and Others), and Regional Forecast, 2024-2032

The global surface disinfectant market size was valued at USD 770.6 million in 2019 and is projected to reach USD 1,547.7 million by 2027, exhibiting a CAGR of 9.1% during the forecast period 2020-2027. North America dominated the surface disinfectant market with a market share of 38.92% in 2019.

Surface disinfectant is a chemical agent used to kill microorganisms present on the surface, to prevent the transmission and cross-contamination of infections. They work by interfering with the metabolism of the microbes. They are widely used in research laboratories, hospitals, kitchens, and bathrooms to prevent infectious diseases. They are also used to clean floors, walls, tabletops, and medical equipment and instruments.

Strict guidelines and regulations enforced by the authorities have increased the adoption of these products in developing countries. Additionally, the increasing expenditure on healthcare infrastructure by developing countries will boost the demand for these disinfectants. The rising amount of antimicrobial resistance has led to the use of peracetic acid and hydrogen peroxide formulations to manufacture the disinfectant.

LATEST TRENDS

Increasing Commercial and Hospitality Spaces is a Vital Trend

The increasing number of commercial, hospitality, and recreational spaces is owed to the growing urbanization and changing lifestyle of the people. Guidelines and regulations imposed by the governments to maintain hygiene at restaurants, cafés, and hospitals will result in a significant boost in the demand for these disinfectants. Additionally, the rising awareness amongst consumers regarding the maintenance of sanitation and hygiene levels at hospitality places will support the surface disinfectant market growth. Furthermore, the onset of COVID-19 has forced people to practice the act of disinfecting objects that come into human contact daily and stop the impact of the virus. This has propelled the demand for these products.

GROWTH FACTORS

Rising Concerns Regarding Hospital-Acquired Infections to Drive the Demand for Surface Disinfectants

The surface disinfectant market driver for surface disinfectant is the high pervasiveness of hospital-acquired infections (HAIs). Hospital-acquired infections occur in patients during their treatment at hospitals but are not noticed during the time of admission. The infections associated with the medical equipment and invasive devices include surgical site infection, catheter-associated infections, ventilator-associated pneumonia, and others. The continuous use of these disinfectants at healthcare facilities has resulted in a significant decrease in HAIs incidence. The regulations enforced by governmental organizations to emphasize sanitation at healthcare facilities will boost the demand, thereby acting as the market driver.

RESTRAINING FACTORS

Handling of Hazardous Chemicals during the Production of Disinfectants to Restrict Growth

Chemicals such as hypochlorite, peroxides, and acetic acid are used in the production of these disinfectants and are harmful to the environment as well as humans. Sodium hypochlorite is a corrosive, flammable substance, and can also induce burns which makes its handling, storage, and transportation a difficult and costly task. In a study conducted by the National Center for Biotechnology Information (NCBI), the high prevalence of chronic diseases, causing severe health effects was found amongst the users. Therefore, the above reasons will act as the restraining factors for this market.

SEGMENTATION ANALYSIS

By Type Analysis

Liquid Segment to Occupy Major Share of the Market during the Forecast Period

Based on type, the surface disinfectant market is classified into aerosol, gel, liquid, and wipe. The liquid segment is expected to hold the major market share during the forecast period. The growth of this segment is attributed to its wide usage in households, restaurants, hospitals, malls, and offices. Availability of liquid surface disinfectants for multiple purposes, a wide variety of compositions & formulations, combined with its low cost will drive the demand for such products in the developing economies.

The wipe segment is likely to be the fastest-growing segment in the market during the forecast period. Wipes are pre-moistened and consist of alcohol, sodium hypochlorite, or other compositions. They are used for cleaning surfaces such as table tops, medical equipment, and other regular surfaces.  The growth of this segment in the market is due to the several advantages offered by it including, lesser incidence of cross-contamination, minimum water consumption, and ease of use.

By Composition Analysis

Alcohol Segment to Gain Momentum in the Surface Disinfectant Market

Based on composition, the global surface disinfectant market is classified into chlorine compounds, alcohols, quaternary ammonium compounds, peracetic acid, hydrogen peroxide, and others. The alcohol segment is set to be the major segment in the market during the forecast period. Alcohol-based disinfectants are the proven class of disinfectants approved by the Environmental Protection Agency (EPA) and the Centers for Disease Control and Prevention (CDC) for use in hospitals and clinics. The high effectiveness of alcohol-based disinfectants against a wide spectrum of bacteria will boost the demand for alcohol-based surface disinfectants, thereby contributing to the growth of the market.

The peracetic acid segment is expected to be the fastest-growing segment in the market. Disinfectants comprising of peracetic acid have been permitted by the EPA for use at sites including medical facilities, food establishments, bathrooms, food processing equipment, pasteurizers, and beverage plants. The rising demand for peracetic acid-based disinfectants for household applications is expected to drive the surface disinfectant market growth.

By Application Analysis

Health Care Facilities Segment to be the Fastest Growing Application of Surface Disinfectants

In terms of application, the surface disinfectant market is segmented into residential, commercial, healthcare facilities, and others. Amongst them, the healthcare facilities segment accounts for the major share of this market. The rising incidence of hospital-acquired infections has led to the higher adoption of these disinfectants in healthcare facilities. They are used to decontaminate walls, floors, bathrooms, medical equipment, and instruments in healthcare facilities. The increasing expenditure on the healthcare sector by developing countries will increase the consumption of this in hospital settings.

The residential segment is anticipated to showcase significant growth in the market during the forecast period. The rising awareness amongst citizens regarding the spread of infections and the role of disinfectants in inhibiting them is responsible for the increasing demand for these disinfectants. Furthermore, the outbreak of the COVID-19 pandemic has propelled the demand for these products for residential applications, thereby boosting the surface disinfectant market growth.

REGIONAL ANALYSIS

The surface disinfectant market size in North America stood at USD 299.9 million in 2019. It is the largest region in the market owing to the regulations and guidelines imposed by the government regarding the maintenance of hygiene and sanitation at hospitals, food establishments, and other public places. The market in Europe is to be governed by the increasing usage of the products for household applications. Rising awareness of citizens in this region regarding the prevention of the spread of diseases is increasing the adoption of these disinfectants in this region. Asia Pacific is projected to be the fastest-growing region in the market during the forecast period. In this region, the rising expenditure by the governments on cleanliness and public health will boost the demand for these disinfectants, thereby augmenting the market. North America dominated the global market with a share of 38.19% in the year 2019.

The market in Latin America and the Middle East & Africa is expected to show substantial growth during the forecast period. Investment by the countries of these regions to develop the healthcare sector is leading to the surface disinfectant market growth. Rising disposable income, coupled with the increasing awareness amongst consumers regarding cleanliness and hygiene will boost the demand.

KEY INDUSTRY PLAYERS

Key Players Combining Organic and Inorganic Strategies to Maintain Their Dominance in the Market    

The global surface disinfectant market is consolidated in nature, with few prominent players governing the majority of the share. Major players, such as Steris Corporation, have been investing heavily to develop new products considering the rapid market growth in recent times.

LIST OF KEY PLAYERS PROFILED:

• 3M (U.S.)


• The Proctor & Gamble Company (U.S.)


• Kimberley-Clark Corporation (U.S.)


• SC Johnson Professional (U.S.)


• The Clorox Company (U.S.)


• Ecolab (U.S.)


• Metrex Research LLC(U.S.)


• Reckitt Benckiser Group Plc (U.K.)


• Diversey Inc.(U.S.)


• STERIS plc (Ireland)


• Whiteley Corporation (Australia)


• Other Key Players

KEY INDUSTRY DEVELOPMENTS:

• January 2019 – Reckitt Benckiser formed a strategic alliance with Diversey to increase its presence in North America. This strategic alliance will help Reckitt Benckiser to expand its reach to educational institutes, food establishments, and hospitals.


• February 2020 – The Procter and Gamble Company launched a new line of antibacterial cleaners named Microban 24. The new product line is said to protect the applied surface for a complete 24 hours, even when the surface has been contacted multiple times.

REPORT COVERAGE

The surface disinfectant market report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product types, the compositions used to produce them, and leading applications of the product.

Besides this, the surface disinfectant market research report offers insights into the market trends and highlights key industry developments. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth of the market over recent years.

Report Scope & Segmentation