The surface disinfectant market is expected to grow at a CAGR of 8.5% during the forecast period of 2023 to 2030. Changes in lifestyle in emerging nations, strict regulations for surface disinfectants, the increased use of novel surface disinfectants for sanitization, and the higher prevalence of HAIs are driving the market's growth. As a result of COVID-19, demand for raw materials and active components has dropped, leading to the closure of manufacturing hubs and factories worldwide. Several factories are operating at lower rates or shutting down, causing a supply-demand gap. Consumer demand for cleaning supplies, sanitizers, and disinfectants is expected to boost the market growth. Surface disinfectants are primarily made from petroleum by-products. Domestic producers in Europe, North America, and China supply most of these basic materials. Recently, businesses have been using biodegradable surface disinfectants to prevent chemical-related toxicity. Biodegradable surface disinfectants have cheaper, more readily available ingredients. The unexpected spike in demand induced by the COVID-19 pandemic led to supply difficulties, which led to a price hike in 2020, and the impact could linger until the first half of 2021.
Browse for report at : https://www.acutemarketreports.com/report/surface-disinfectant-market
The proliferation of strict laws emphasizes the design of proper housekeeping practices, which sets a premium on cleanliness and sanitation. As a result of such regulatory regulations, the healthcare industry will use surface disinfectants more consistently. In developing countries like India, Brazil, and South Africa, disinfection and sterilization players have several opportunities. Multinational infection control companies may benefit from offshore operations in APAC emerging nations to capitalize on lucrative investment prospects.
Most commercial disinfectants are toxic. Sodium hypochlorite is excellent against blood-borne pathogens, but it is highly corrosive and an irritant to the respiratory system, making it dangerous for cleaning staff and building occupants. When released, sodium hypochlorite is poisonous and damages surfaces. Rising chronic illness rates and hospital infections are expected to boost the market growth. An increasingly older population and an increase in chronic diseases like high blood pressure, obesity, diabetes, and heart disorders have increased the requirement for surface disinfectants in health care institutions and hospitals. CDC estimates HAIs cause 1.7 million infections and 99,000 deaths annually in the U.S. Surgical site infections account for 22%, UTIs for 32%, bloodstream infections for 14%, and lung infections for 15% each year. As HAI instances rise, patients and clinicians will focus more on disinfection, which will boost growth. Over 10% of the world's GDP is spent on healthcare, and this isn't likely to change until the midterm prediction. Middle Eastern and Asian countries are predicted to have larger healthcare spending growth than industrialized regions. Before the Corona outbreak, it was expected that developed regions like North America and Europe would see moderate growth. North America and Europe are the most affected. Both regions will increase quickly until midterm.
In 2021, alcohol segment dominated the market. This was mainly owing to the increased use of contemporary surface disinfectants. High-level disinfectants are expected to account for more than half of the market. Isopropyl and ethyl alcohol have long been used as sanitizers in the healthcare business. Recent research shows that ethanol directly affects RNA polymerase and ribosomes, regulating E. coli protein synthesis. In vitro studies demonstrate that 60%-70% alcohol solutions are efficient against coronaviruses, Ebola, and murine norovirus.
The liquid surface disinfectant market contributed to over 55% of global revenues in 2021. Increased use of liquids to fight illnesses. The liquids category is expected to contribute the most to the surface disinfectants market. Liquids are more adaptable than solid surface disinfectants in medical facilities. Increased use of surface disinfectants to clean public toilets and home care items will drive sales in the liquid category. The wipes market is expected to have the greatest CAGR throughout the projection period since they are convenient, low-risk, and don't require water. Wipes are used to clean hospital equipment instead of liquids or sprays. Disinfecting using wipes.
In 2021, hospitals contributed almost a third of worldwide revenues. COVID-19 proliferation is a key driver of this market's growth. The necessity of sanitization and cleanliness is expanding. More patients are seeking hospital treatment for a variety of ailments. Hospitals must ensure proper sanitation to prevent the risk of infection for patient’s families. Healthcare workers are also exposed to microorganisms and viruses. Disinfection is vital to maintaining a hygienic environment where germs cannot thrive. Disinfection is necessary for better patient care. These factors feed hospitals' requirements for surface disinfectants. Hotels, Restaurants, and Cafes (HORECA) will have the greatest CAGR from 2023 to 2030. The rising need for sanitizing and disinfecting public places, swimming pools, bedrooms, lobbies, and other public spaces drives this segment's high market share. Hospitals are essential end-users of antimicrobial products because they are especially susceptible to viral, bacterial, and fungal illnesses.
The chemical composition category had over 91% of the global market's revenue in 2021. This category should remain dominant in the next years. This is due to the increased usage of hydrogen peroxide in food packaging and hospitals to disinfect surfaces. Increasing the use of quaternary ammonium compounds and alcohols should boost market growth. Surface disinfectants generated from biomaterials are considered non-toxic, biodegradable, and environmentally friendly. Bio-based surface disinfectants are predicted to grow 9% from 2023 to 2030. FDA authorization to utilize biobased products in surface disinfectants is expected to boost industry growth. Biobased surface disinfectants' rising application breadth and great potential to cheaply replace chemical counterparts should provide attractive opportunities for existing and new market participants. Rising demand for chemical-free, environmentally-friendly surface disinfectants will boost the bio-based surface disinfectants market.
By 2030, online sales channels will have the highest growth and the most market revenue. As a result of rising urbanization, people all around the world have changed their shopping habits. Rapid internet growth in China, India, Brazil, and Argentina has increased online shopping. Online purchasing should increase the quantity of surface disinfectants sold online. Customers from throughout the world are increasingly buying surface disinfectants online because of cash-on-delivery and savings. The convenience and busy lifestyles of today's consumers also contribute to the rise in internet shopping. As a result, more surface disinfectants are being bought online.
North America held 32% of global revenue in 2021. The surge in chronic disease sufferers has boosted the North American market. The market is predicted to expand 8% annually. Increasing health and hygiene awareness among consumers during the COVID-19 pandemic, along with increased healthcare spending, is driving company growth in North America. Infections and diseases, as well as a greater emphasis on maintaining a clean environment, are projected to fuel demand for the product in the coming years. According to the CMS'Office of the Actuary, overall medical spending grew 4.6% faster in 2019 than GDP growth of 4.0%. (GDP). During the projection period, the region's developed healthcare infrastructure, food and beverage, and hospitality sectors would boost the surface disinfectant market.
Rising rates of chronic infections in Germany are pressuring the surface disinfectant business. The Robert Koch Institute (RKI), a research institute and government-affiliated organization, compiles illness epidemic records and assessment data. Chronic illnesses such as sickness, meningococcal meningitis, leprosy, typhus, measles, HIV/AIDS malaria, whooping cough, syphilis, and tuberculosis have increased, according to data. It's not complete. Germany is a valuable market for surface disinfectants because of its emphasis on health and hygiene.
Asia Pacific's CAGR between 2023 and 2030 is expected to be the highest. China should become the market's largest shareholder during the forecast period. Japan's stricter cleanliness requirements may also assist in market growth. India's growing population and health and hygiene awareness are expected to boost the market growth. Government measures to deliver high-quality medical care at an affordable price will boost India's biopharma and surface disinfectant markets. Rising rates of respiratory diseases, cancer, and diabetes are increasing the need for surface disinfectants in India. An expanded patient pool due to population growth, new infections, and lifestyle changes boosts interest in biopharmaceuticals and increases the need for disinfectants due to an increase in annual medical operations.
The global market for surface disinfectants is competitive and fragmented, with big, medium, and small industrial players, both foreign and domestic. 3M Group, Reckitt Benckiser Group, Procter & Gamble, The Clorox Company, and Ecolab are major players. Top market players focus on mergers and acquisitions, agreements and partnerships, expansion, and new product development to increase market share and capitalize on growth prospects. These companies are trying to meet end-users and consumers' huge demands. Important organizations emphasize new marketing methods and cutting-edge technologies to grow their customer bases. Manufacturers today are concerned with supply chain management, optimization, and preserving a competitive edge through greater output, enhanced operational efficiency, and shorter lead times. Consumer knowledge of the danger of chemical-based treatments has driven several firms to offer biobased surface disinfectants. This awareness, paired with rising disposable earnings, has boosted purchasing power.
