Overview

Surface Disinfectant Market Introduction:

Surface Disinfectant Market is forecasted to value over 2 billion by 2027 end and register a CAGR of over 9 % from the forecast period 2020-2027. Increase in hospital-acquired infections has led to an increase in surgical operations, thus soaring the demand of the surface disinfectant market. Healthcare-acquired infections affect the baseline of hospitals and clinic facilities. In order to prevent this, surface disinfectants are deployed. Rising cases of infections among healthcare employees have escalated the market demand.

Furthermore, a rise in healthcare expenditure is expected to positively influence the market. According to World Bank statistics, public healthcare spending has witnessed an increase of approximately USD 500 billion since the past decade. These numbers have indicated a significant growth in healthcare expenditure thus bolstering the market.

The market is segmented into composition, type, application, and end-user. Based on composition, alcohol is expected to dominate the growth of the market. The unique properties of alcohol offer efficient cleansing thus leading to huge demand from laboratories and hospitals.

Furthermore, hydrogen peroxide is expected to showcase notable growth owing to growing usage in surface disinfectant formulations.

Based on type, liquids are envisioned to witness noticeable growth owing to its affordable rates. The lower price of liquids with efficient absorbing properties has led to vast demand from hospitals and in-house applicants.

In terms of application, in-house segment is projected to dictate the growth of the market. Rising government initiatives regarding cleanliness among the public have played a catalytic role in the expansion of the in-house segment.

Based on end-users, the hospital segment is expected to dominate the growth of the market. The rising geriatric population has led to a rise in chronic diseases, thus resulting in san increasing need for cleanliness in hospitals. Disease outbreaks such as ebola and chikungunya have led to a growing need for hospitals in regions like Africa and Asia.

In terms of region, North America holds a vast share of the market. High standard of living has led to an increase in adoption of hygiene etiquettes among consumers. Furthermore, it led to a rise in domestic cleanliness activity. Asia-Pacific region is expected to grow significantly over the forecast period. Rising government expenditure to improve public health and healthcare infrastructure is driving the market growth in the region. Moreover, the rising awareness among consumers regarding hygiene and cleanliness is fueling the growth of the market.

Impact of COVID-19 on Surface Disinfectants Market:
The Centers for Disease Control and Prevention (CDC) has provided some recommendations as of March 2020 regarding the usage of disinfectant products that are registered under EPA helps in identifying whether the disinfectant is qualified under the program of viral pathogens undertaken by the EPA for using them to clean hospitals and clinics treating COVID-19 patients. The primary reason for this recommendation is if the disinfectant are capable of deactivating microorganisms like mycobacteria, then there are chances that these disinfectants can deactivate COVID-19.

Surface Disinfectant Market

Surface Disinfectant Market Segmentation:

By Composition

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

By Type

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

By Application

Instrument Disinfection
In-House Surfaces
Others

By End-User

Diagnostic Laboratories
Hospital Settings
Research Laboratories
Pharmaceutical & Biotechnology Companies

By Region

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

Competitive Landscape:

Prominent players like Reckitt Benckiser Group, Clorox Company and 3M offer diverse and various product portfolio.
They have launched products like Clorox disinfectant cleaners and Lysol which have stimulated the market.
New entrants like GOJO Industries are opting for product launches to strengthen their foothold in the industry. GOJO's Purell has helped in expanding the market and is projected to play a vital during the forecast period.

Key Players:

3M Company
Cantel Medical
The Clorox Company
Ecolab
Johnson & Johnson
Procter & Gamble
Reckitt Benckiser Group PLC
Diversey, Inc.
Steris Corporation
CarroLLClean
Metrex Research, LLC (Subsidiary of Danaher Corporation)
Whiteley Corporation
Gojo Industries, Inc.

FutureWise Key Takeaways

Quaternary Ammonium composition is expected to grow owing to its low price and biodegradable features
Countries like UAE, Saudi Arabia, and Kuwait has witnessed a rise in healthcare spending and is expected to be a lucrative region for manufacturers and key players

Objectives of the Study:

To provide with an exhaustive analysis on the global surface disinfectant market by type, by composition, by application, by end-user, and by region
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America and Middle East & Africa
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
Profiling of companies to evaluate their market shares, strategies, financial and core competencies

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