Surface Disinfectant Market Latest Research On Industry Growth, Trends, Top Players, & Key Regions By 2027

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The global Surface Disinfectant market gathered revenue around USD 3.9 Billion in 2020 and market is set to grow USD 6.2 Billion by the end of 2027 and is estimated to expand at a modest CAGR of 4.7% during the prediction period 2021 to 2027. 

Overview of Surface Disinfectant Market Study

Surface Disinfectant market study conducted by Nova One Advisor is intended at helping stakeholders get a comprehensive overview of potential challenges and undiscovered opportunities. The report offers exclusive insights to help companies and their customers to make informed decision to sustain growth through the assessment period.

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Growth Factors:

Some of the major factors driving the growth of this market are the increasing prevalence of hospital-acquired infections (HAIs) and the presence of stringent regulations for the use of surface disinfectants.

Market Dynamics

Driver:  High prevalence of HAIs

Hospital-acquired infections (HAIs) are nosocomial infections that occur during a patient’s stay at hospitals and related facilities and are not observed at the time of admission. These infections include central line-associated bloodstream infections, surgical site infections, catheter-associated urinary tract infections, hospital-acquired pneumonia, ventilator-associated pneumonia, and Clostridium difficile infections. The incidence of HAIs is mainly dependent on the patient’s immune status, infection control practices, and the prevalence of various infectious agents around the healthcare facility. Due to the direct correlation between the geriatric population, occurrence of chronic diseases, increase in the hospitalization rates, and an increase in the risk of spread of HAIs, growth in this population segment will bolster the demand for surface disinfectants.

Opportunity: Growing healthcare industry in emerging economies

Emerging economies such as India, Brazil, China, and South Africa provide significant opportunities for players in the surface disinfectants market. According to the IMF, in 2016, these emerging economies accounted for more than 60% of the global GDP. The need for improved healthcare services in these economies is mainly driven by the rapidly increasing aging population and high patient volumes, growing per capita income, and rising awareness.

Restraint: Adverse effects of chemical disinfectants

Most chemical disinfectants currently available in the market have toxic properties. For example, sodium hypochlorite is an effective treatment against blood-borne pathogens but is also highly corrosive and a respiratory irritant, which makes it dangerous to cleaning personnel and building occupants, damaging to many surfaces, and toxic when released into the environment. The improper use of these disinfectants can cause environmental hazards and be harmful to patients exposed to them. Due to the growing end-user population demanding a greener solution, the use of disinfectants is becoming limited with their use being restricted to limited non-critical items and in lower amounts.

“In 2019, alcohols segment accounted for the largest share of the surface disinfectants market, by composition.”

The surface disinfectants market, based on composition, is segmented into alcohols, chlorine compounds, quaternary ammonium compounds, hydrogen peroxide, peracetic acid, and other compositions. The alcohols segment dominated the market in 2019. The peracetic acid segment is expected to grow at a higher growth rate. The large of the alcohols segment is attributed to high use of alcohols on hard surfaces in hospitals and laboratories.

The surface disinfection segment accounted for largest share in the market, by application, in 2019”

Based on application, the surface disinfectants market is segmented into surface disinfection, instrument disinfection, and other applications. In 2019, the surface disinfection segment was projected to account for the largest share of the market. The large share of this segment is attributed to the high prevalence of hospital-acquired infections across the globe and the higher volume of disinfectants required to clean these surfaces.

North America is the largest regional market for surface disinfectants market”

The global surface disinfectants market is segmented into five major regions, namely, North America, Europe, the Asia Pacific (APAC), Latin America, and the Middle East and Africa. The North American market is expected to account for the highest market share in 2020. The large share of this market segment can be attributed to rising incidence of nosocomial infections, rising geriatric population, and improvements in healthcare infrastructure.

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COVID-19 Impact on Surface Disinfectant Sales

Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the Surface Disinfectant market.

Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.

Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.

Against this backdrop, Nova one advisor’s study predicts gradual recovery for the Surface Disinfectant market 2021 onwards. This trend will however continue through the course of the report’s assessment period

Key Players:

This report provides detailed company profiles of the key market players. This research report also highlights the competitive landscape of the Surface Disinfectant market and ranks noticeable companies as per their occurrence in diverse regions across globe and crucial developments initiated by them in the market space. This research study also tracks and evaluates competitive developments, such as collaborations, partnerships, and agreements, mergers and acquisitions; novel product introductions and developments, promotion strategies and Research and Development (R&D) activities in the marketplace. The competitive profiling of these players includes business and financial overview, gross margin, production, sales, and recent developments which can aid in assessing competition in the market.

Some of the prominent players in the Surface Disinfectant market include:

3M Group (US), Cantel Medical Corporation (US), The Clorox Company (US), Ecolab Inc. (US), Procter & Gamble (US), Reckitt Benckiser Group plc. (UK), Diversey, Inc. (US), STERIS plc (US), CarrollCLEAN (US), Metrex Research, LLC. (US), Whiteley Corporation (Australia), GOJO Industries, Inc. (US), PAUL HARTMANN AG (Germany), Medline Industries, Inc. (US), Pharmax Limited (Canada), PDI Inc. (US), Betco (US), GESCO Healthcare Pvt. Ltd. (India), MEDALKAN (Greece), Ruhof (US), Contec Inc. (US), Cetylite, Inc. (US), Micro-Scientific, LLC (US), Pal International (UK), and BHC, Inc. (US).

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

Surface Disinfectants Market, by Composition

  • Alcohols
  • Chlorine Compounds
  • Quaternary Ammonium Compounds
  • Hydrogen Peroxide
  • Peracetic Acid
  • Other Compositions

Surface Disinfectants Market, by Type

  • Liquids
  • Wipes
    • Quaternary Ammonium Compound-Based Wipes
    • Alcohol-Based Wipes
    • Other Wipes
  • Sprays

Surface Disinfectants Market, by Application

  • Surface Disinfection
  • Instrument Disinfection
  • Other Applications

Surface Disinfectants Market, by End User

  • Hospital Settings
  • Diagnostic Laboratories
  • Pharmaceutical & Biotechnology Companies
  • Research Laboratories

Why Buy this Report?

The purpose of Nova one advisor’s Surface Disinfectant market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

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