The surface disinfectant market is expected to grow at a CAGR of 8.5% during the forecast period of 2023 to 2030. The expansion can be ascribed to a number of factors, including changes in lifestyle in developing nations, the rigorous regulations for the use of surface disinfectants, the rising usage of innovative surface disinfectants for sanitization, and the higher prevalence of HAIs are the primary factors that are driving the growth of the market. As a result of the COVID-19 epidemic, there has been a major drop in the demand for raw materials and active components, which has led to the closure of various manufacturing hubs and factories across the globe. A number of plants have been operating at lower rates or perhaps shutting down entirely, which has led to a gap between supply and demand. On the other hand, an increase in consumer demand for cleaning supplies, sanitizers, and disinfectants is anticipated to have a favourable effect on the expansion of the market. The by-products of the petroleum industry are the primary sources of the raw ingredients that are utilised in the manufacturing of surface disinfectants. The majority of these raw material elements are sourced by local producers located in established economies such as Europe, North America, and China. The business world has recently witnessed a movement in the trend toward the utilisation of biodegradable surface disinfectants for the purpose of preventing chemical-related toxicity. The essential components of biodegradable surface disinfectants are less expensive and more readily available than their traditional counterparts. The price of surface disinfectants has increased by a small amount to a moderate amount; however, the sudden increase in demand caused by the COVID-19 pandemic has led to supply shortages, which further led to a price increase in the year 2020, and the impact might last at least until the first half of 2021.
Impact of Covid 19 – Supply Issues to Settle Down by the End of 2023
There was not much of an effect that the COVID-19 epidemic had on the market for surface disinfectants. It is anticipated that the epidemic would generate growth opportunities for the market for surface disinfectants. The COVID-19 epidemic has already expanded to 160 countries and is likely going to impact some economies due to supply disruptions. In addition, lockdowns in a few different countries are driving customers in those countries to panic buy surface disinfectants, which is raising the general interest in surface disinfectants. On the other hand, the sector is faced with challenges related to production and the supply chain. These challenges include meeting the varying demands of customers for the sector's products and services while also meeting the deadlines for delivery of items to final consumers. In spite of the challenging circumstances, economic conditions are gradual. As the supply and distribution networks rebuild, commercial operations have started up again in a measured and consistent manner. As a direct result of this pandemic, sales of surface disinfectants in every region of the world have demonstrated a stunning increase of more than 200% in the year 2020.
Rising Numbers of Strict Restrictions Governing the Application of Surface Disinfectants Is the Primary Driver
The proliferation of rigorous rules places an increased emphasis on the formulation of appropriate policies for housekeeping services, which in turn places a premium on the maintenance of high standards of cleanliness and sanitation. Therefore, as a consequence of the implementation of such regulatory requirements, there will be an improvement in the consistent application of surface disinfectants throughout the healthcare industry.
Increasing Healthcare Expenditures and An Emphasis on Them in Emerging Nations Presents an Opportunity
Players in the markets for disinfection and sterilisation have a substantial amount of opportunities available to them in developing countries such as India, Brazil, and South Africa. Multinational infection control organisations may find it beneficial to offshore their company operations to emerging economies in the APAC area in order to capitalise on the attractive investment opportunities presented by these markets.
Increase In the Number of Adverse Effects Caused by Chemical Disinfectants Limiting Usage
The majority of the chemical disinfectants that are now on the market contain characteristics that make them poisonous. For instance, sodium hypochlorite is an effective treatment against blood-borne pathogens; however, due to the fact that it is highly corrosive and an irritant to the respiratory system, it is hazardous for cleaning personnel as well as the occupants of the building. Additionally, sodium hypochlorite is toxic when released into the environment and causes damage to a variety of surfaces.
The Rate of Hospital-Acquired Infections Continues to Rise
It is anticipated that factors such as the rising prevalence of chronic diseases and the rising rate of infections acquired in hospitals would drive the expansion of the market. The need for surface disinfectants in health care institutions and hospitals has been on the rise as a direct result of a growing elderly population as well as an increase in the incidence of chronic diseases such as high blood pressure, obesity, diabetes, and heart ailments. The Centers for Disease Control and Prevention (CDC) estimates that HAIs are responsible for around 1.7 million infections and 99,000 fatalities in the United States each year. Surgical site infections account for approximately 22% of these, urinary tract infections for approximately 32%, bloodstream infections for approximately 14%, and lung infections for approximately 15% each and every year. Both patients and healthcare providers will be forced to focus more on disinfection as the number of HAI cases continues to rise, which will help growth. Over 10% of the world's gross domestic product (GDP) is accounted for by healthcare spending, and this proportion is not expected to change significantly until the midterm forecast. It is expected that countries in the Middle East and Asia would have higher growth in their healthcare spending per capita than industrialised regions will. Before the Corona epidemic, it was anticipated that developed regions such as North America and Europe would see a slow growth rate during the period covered by the forecast. Nevertheless, at the moment, North America and Europe are the regions that are being affected the most. Until the midterm forecast, both of these regions will show an accelerated growth rate.
Alcohol Segment Under High-Level Disinfectant Category Remained as the Most Dominant Market Segment
In the year 2021, the alcohol segment held the greatest share of the market. This was primarily due to a rise in the utilisation of more modern surface disinfectants for the purpose of sanitization. It is anticipated that the high-level disinfectants category would maintain its position as the dominant player, accounting for more than half of the market. Since quite some time ago, isopropyl alcohol and ethyl alcohol have been put to extensive use as sanitisers across a wide variety of settings within the healthcare industry. Recent research has shown that ethanol has direct effects on RNA polymerase and ribosomes, which in turn regulates protein production in E. coli microorganisms. In vitro studies have shown that solutions containing between 60% and 70% alcohol are effective against a variety of coronaviruses, the Ebola virus, and murine norovirus.
Liquid Segment Held the Highest Share in The Year 2021
The liquid market sector was responsible for the biggest proportion of revenues in 2021 with its contribution to about 55% of the global revenues. Considerations such as the increased and more reasonable use of liquids in the fight against infections. It is anticipated that the liquids segment, out of all the different forms segment, will give the most revenue share to the overall surface disinfectants market. The liquids that are employed as surface disinfectants in medical clinics on a daily basis are more versatile than their solid counterparts. Sales in the liquid category will be driven by an increase in the usage of these surface disinfectants for cleaning surfaces in public restrooms and for maintaining the hygiene of home care products. It is projected that the wipes market would experience the highest CAGR during the forecast period since wipes have a low risk of causing cross-contamination, they are convenient, and they do not require the use of any water. In places like hospitals where it is not possible to use liquids or sprays to clean the equipment, wipes are used instead. Wipes are used for disinfecting equipment.
Hospitals remained as the Key End Users of Surface Disinfectants
In the year 2021, hospital settings were responsible for the highest portion of the market with its contribution of over one-third of the global revenues. The proliferation of COVID-19 is one of the primary factors driving the growth of this market sector. As a result, there is a growing awareness of the importance of sanitization and cleanliness. The number of patients seeking treatment in hospitals for a wide variety of conditions continues to rise. Patients are frequently accompanied by members of their families, and it is the obligation of hospitals to ensure that adequate cleaning has been performed to reduce the possibility of infection. Additionally, healthcare professionals spend their days surrounded by a wide variety of bacteria and viruses. For this reason, disinfection is seen as being of the utmost importance in order to ensure that a sanitary environment is maintained in which germs are unable to thrive. In order to provide better treatment for patients, disinfection is also deemed essential. In hospitals, the need for surface disinfectants is being fuelled by the aforementioned considerations. The Hotels, Restaurants, and Cafes (HORECA) end-use segment is expected to witness the highest CAGR during the forecast period of 2023 to 2030. The high market share of this segment can be attributed to the rising demand for sanitising and disinfecting public areas, swimming pools, bedrooms, lobbies, and other public spaces in order to keep hygiene in these areas. Because they are the most susceptible to diseases brought on by viruses, bacteria, and fungi, hospitals are also among the key end-users of antimicrobial products.
Chemical Composition Dominated Over 90% of the Market, Bio Disinfectants to Register Fastest Growth
The chemical composition segment had a high revenue share of more than 91% in 2021, making it the leading segment of the worldwide market. It is anticipated that this segment will continue to be the dominant section during the forecast years. This can be linked to the growing use of hydrogen peroxide in numerous industries, including the packaging of food, as well as in hospitals to disinfect a wide variety of surfaces. Additionally, the increasing application of quaternary ammonium compounds, in addition to the use of alcohols, is projected to have a beneficial impact on the expansion of the market. Because they are non-toxic, biodegradable, and favourable to the environment, surface disinfectants derived from biomaterials are increasingly being considered viable replacements for their chemical counterparts. Therefore, bio-based surface disinfectants are expected to grow at a CAGR of 9% during the forecast period of 2023 to 2030. It is anticipated that the approval granted by the FDA to use biobased products in the formulation of surface disinfectants will open up enormous prospects for growth for industry participants. Additionally, the expanding application breadth of biobased surface disinfectants, in conjunction with their high potential to economically replace chemical counterparts, is projected to generate profitable prospects for both the existing market participants as well as new market participants. The expansion of the bio-based surface disinfectant market is anticipated to be driven by the rising demand for surface disinfectant products that are both chemical-free and favourable to the environment.
Online Sales Channel to Witness the Fastest Growth During the Forecast Period
By 2030, it is anticipated that the online distribution channel will register the highest growth securing the largest portion of market revenues. The rapidly shifting lifestyles of customers all over the world as a direct result of increased urbanisation have caused a shift in the buying behaviours of consumers everywhere. The rapid spread of the internet in developing nations like China, India, Brazil, and Argentina has led to an increase in the number of people shopping online. This rise in online shopping should lead to an acceleration in the number of surface disinfectants sold through online distribution channels. Customers from all over the world are increasingly turning to online retailers for their purchases of surface disinfectants because of the numerous benefits given by these retailers, including cash-on-delivery and attractive discounts. In addition, a surge in the number of people buying online can be attributed to the high convenience factor and the hectic lifestyles of today's consumers. Because of this, the number of surface disinfectants purchased through the online distribution channel has increased even further.
North America Remains as the Global Leader, APAC to be the Growth Leader
In the year 2021, the largest proportion of the worldwide revenue share accounting for about 32% was held by North America. The rise in the number of people suffering from chronic diseases is one factor that has contributed to the expansion of the market in North America. The market is expected to grow at a CAGR of 8% during the forecast period. The widespread increase in health and hygiene consciousness among consumers in the midst of the COVID-19 pandemic, in conjunction with increased spending on healthcare, is the primary factor contributing to the expansion of businesses in North America. Concerns about infections and diseases, as well as a growing emphasis on the part of governments in the United States and Canada to maintain a clean environment, are likely to drive an increase in demand for the product over the course of the anticipated timeframe. According to estimates provided by the CMS' Office of the Actuary, overall spending on medical care increased at a rate that was approximately 4.6% points higher in 2019 than the overall economic growth of 4.0% points in the United States calculated by Gross Domestic Product (GDP). Over the forecast period, the developed healthcare infrastructure as well as the well-established food and beverage and hospitality sectors in the region present a profitable growth potential for the surface disinfectant market.
The increasing prevalence of persistent diseases in Germany is putting pressure on the market for surface disinfectants. In the event that disease outbreaks occur in Germany, the Robert Koch Institute (RKI), which is both a research institute and an organisation affiliated with the German government, compiles track records and data on assessments. According to the data, there has been an increase in the number of cases of chronic infections such as illness, meningococcal meningitis, leprosy, typhus, measles, HIV/AIDS malaria, whooping cough, syphilis, and tuberculosis. This list is not exhaustive. Due to the significant emphasis placed on health and cleanliness, Germany is a lucrative market for surface disinfectants because of the country's widespread use of these products.
It is anticipated that Asia Pacific will have the highest CAGR between the years 2023 and 2030. Over the course of the projected period, China is anticipated to emerge as the leading shareholder in the market. It is anticipated that Japan's more stringent hygiene standards will contribute to the country's significant market growth as well. The growth of the market in India is anticipated to be driven by the country's expanding population, which possesses an increased level of health and hygiene awareness. The growth of India's biopharma market, in addition to the market for surface disinfectants, will be supported by initiatives taken by the government to provide high-quality medical care at an affordable price. The need for surface disinfectants is being driven higher in India as a result of the rising incidence of chronic ailments such as lung diseases, cancer, and diabetes, amongst others. In addition, an expanding patient pool as a result of an increase in population, the emergence of new infections, and changes in lifestyle are boosting interest in biopharmaceuticals and increasing the requirement for disinfectants as a result of an increase in the number of medical procedures carried out annually in the country.
The Market is Extremely Fragmented with the Presence of Numerous Kinds of Market Players
The global market for surface disinfectants is extremely competitive and fragmented, and it is distinguished by the existence of a number of large, medium, and small industrial players and both international and domestic players. The 3M Group, the Reckitt Benckiser Group, Procter & Gamble, The Clorox Company, and Ecolab are some of the most important companies operating in this area. The top market players are focusing on a variety of strategies, including mergers and acquisitions, agreements and partnerships, expansion, and the development of new products, with the goals of increasing their market share and capitalising on the growth opportunities present in the market. These companies are attempting to meet the enormous demand that is being generated by a huge number of end-users and customers. Important businesses are putting a strong emphasis on the implementation of innovative marketing tactics and are making extensive use of cutting-edge technologies to expand their consumer bases. The primary concerns of manufacturers today are supply chain management and optimization, as well as maintaining a competitive edge in the marketplace through increased production, improved operational efficiency, and shorter lead times. Several manufacturers have been forced to produce biobased surface disinfectants as a result of the growing awareness among consumers regarding the toxicity of chemical-based products. This awareness, combined with the increasing disposable incomes of the majority of the population in developed economies, has led to increased purchasing power.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Surface Disinfectant market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
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Key questions answered in this report
