SURFACE DISINFECTANT MARKET ANALYSIS

The global surface disinfectant market size was valued at US$ 6805.484 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 7.96% from 2023 to 2030. The demand for surface disinfectants has increased due to the rising number of infectious diseases. Moreover, increased consumer awareness of sanitation has led to the increase of surface disinfectants usage. Additionally, the emergence of new products, technological innovations and government regulations have also contributed to the expansion of the global disinfectant market. The increasing demand for household and commercial products has created a lucrative environment for the global surface disinfectant industry.

Global Surface Disinfectant Market: Regional Insights

North America holds the largest market share of the global surface disinfectant market. This region is characterized by stringent government regulations regarding the use of disinfectants. Increasing hospital-acquired infections (HAIs) and health care costs are a major factors fueling regional market growth.

Europe is another major area for the growth of the surface disinfectant market. Rising consumer disposable income, rapid urbanization, and an increase in awareness of infectious disease have all contributed to the increasing demand for disinfectants. Also, governments have implemented many measures to raise consumer hygiene awareness.

Asia Pacific is expected to hold considerable potential opportunities in the global surface disinfectant market. The Asia Pacific region is expected to experience the fastest market growth during the forecast period. Some of the key drivers for the expansion of this market in the region are the emergence of new products and technological innovations, increasing consumer awareness of hygiene, and the need for cleaning supplies. In addition, there are growing awareness of animal diseases among livestock farmers which is again fueling market growth.

Figure 1. Global Surface Disinfectant Market Share (%), By Region, 2022

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Global Surface Disinfectant Market Drivers:

Growing incidence of hospital-acquired infections is augmenting market growth

According to the World Health Organization (WHO), with 100 hospitalized patients at any given time, 10 in developed and seven in developing countries, acquire minimum one healthcare-associated infection. According to the Center for Disease Control and Prevention (CDC), in American hospitals alone, about 1.7 million people are affected by the hospital acquired infections each year. Thus, with the growing cases of infection the demand of surface disinfectants will rise over the forecast period.

Rise in geriatric population and subsequent growth in the prevalence of chronic disease to favor market growth

According to a new report, World Population Ageing 2019 (United Nations, 2019), the elderly population continues to grow at an unprecedented rate. There were about 703 million people aged 65 years or above in the world in 2019. The number of these patients are projected to be double (to reach 1.5 billion) by 2050. Moreover, according to one of the research report, the estimated expenditure to treat chronic conditions is expected to reach US$ 4.2 trillion by 2026.

Global Surface Disinfectant Market Opportunities:

Several players have launched new product developments and strategies to strengthen their market presence and this is projected to offer significant growth opportunities. For example, in June 2020, Reckitt Benckiser has formed a strategic alliance with Diversey. Another player, Zep Inc., launched a new line of UVC-based surface disinfectant solutions.

The increasing demand for household and commercial products has created a lucrative environment for global surface disinfectant industry players. For instance, in October 2020, Piramal Pharma Limited’s Consumer Products Division has announced that its Tri-Activ Disinfectant Spray for multi-surfaces is ’99.9 per cent effective against the COVID-19 virus in one minute'.

Global Surface Disinfectant Market Trends:

Rising Demand For Disinfectants In Livestock Farms

The increasing number of livestock farms and changing lifestyles in emerging nations is expected to have a positive impact on the market. Moreover, the rise in consumer awareness about health and hygiene has also driven growth of the surface disinfectants market.

No Touch Disinfection Is A Trend

The utilization of newer technologies and the growing adoption of no touch decontamination are major trend for the global surface disinfectants market. Moreover, no touch disinfection is a trend which is rapidly gaining popularity in hospitals and is likely to emerge in other industrial sectors as well.

Global Surface Disinfectant Market Restraints:

Complications associated with the sterilization and disinfection of advanced medical devices

The problems of how to perform acceptable cleaning, disinfection, and sterilization of medical devices have become more complex in the recent years.

Lack Of Uniformity In Legislation

Lack of uniformity in legislation has hindered market expansion. This makes it difficult for manufacturers to create consistent treatments. Second, a shortage of raw resources is causing a rise in prices. Also, in some countries, surface disinfectants are not subject to specific laws, making it difficult for businesses to comply with the rules.

Figure 2. Global Surface Disinfectant Market Share (%), By Type, 2022

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Global Surface Disinfectant Market Segmentation:

The global surface disinfectant market report is segmented into type, formulation, end user, and geography

Based on type, the market is segmented into Quaternary Ammonium Compounds, Hypochlorite, Alcohols, Aldehydes, and Other Surface Disinfectants. Out of which, Quaternary Ammonium Compounds is expected to dominate the global market over the forecast period and this is attributed to the growing demand for sterilizing the medical equipment and surface. Quaternaryl ammonium are the most effective compound used as disinfectants.

Hypochlorite segment is also expected to witness significant growth in the near future and this is owing to the increasing demand from high-level disinfectant for healthcare facilities.

Based on formulation, the market is segmented into Liquid, Wipes, and Sprays. Out of which, Liquid is expected to dominate the global market over the forecast period and this is attributed to the wide application of liquid disinfectant in healthcare facilities.

Sprays segment is also expected to witness significant growth in the near future and this is owing to the growing prevalence of viral and bacterial infections. Spray offer effective germ-kill solutions. They are used to kill wide range of virus, molds, bacteria, and fungi.

Based on end user, the market is segmented into Hospitals and Clinics, Outpatient Surgical Centers, and Households. Out of which, Hospitals and Clinics is expected to dominate the global market over the forecast period and this is attributed to the fact that clinics and hospitals are primary users of disinfectants. Also, outbreak of Covid-19 pandemic has created high demand for disinfectant in the recent years.

Households segment is also expected to witness significant growth in the near future. According to the WHO, the number of secondary infections generated from one infected person is between 2 to 2.5 for COVID-19. Therefore, on average, one person transmits to two other persons, leading to an exponential increase in the number of affected cases. Hence, people are avoiding to step out and to maintain proper hygiene inside the homes by using surface disinfectants.

Global Surface Disinfectant Market: Key Developments

1. In October 2019, 3M completed the acquisition of Acelity Inc. and its KCI subsidiaries. Acelity is a global medical technology company focused on advanced wound care and specialty surgical applications, marketed under the KCI brand that expands 3M’s presence in advanced and surgical wound care within its medical solutions division
2. In April 2020, Reckitt Benckiser Group Plc. launched an awareness campaign “Disinfect to Protect”. It aims to create awareness among people about the need for keeping surfaces clean and disinfected
3. In February 2020, P&G introduced a new product under the brand “Microban 24”. It is an antibacterial home sanitizing product that keeps the surfaces clean and protects from bacteria.
4. In May 2020, Clorox introduced a new product in the market, “Healthcare® VersaSure™ Cleaner Disinfectant Wipes, which is based upon alcohol-free quat technology.
5. In April 2020, ITC’s health hygiene brand Savlon announces the launch of Savlon Surface Disinfectant Spray. Savlon claims that the spray kills 99.99% germs around the home, including viruses, bacteria, molds & fungi.

Global Surface Disinfectant Market: Key Companies Insights

The global surface disinfectant market is highly competitive. This is attributed to continuous launch of new technologies due to ongoing R &D and efforts by value chain participants. Moreover, key players are adopting various business growth strategies in order to expand their presence on regional as well as global basis. Some of the key players in the global surface disinfectant market are 3M, Reckitt Benckiser Group PLC, Procter & Gamble, Cantel Medical Corporation, The Clorox Company, Ecolab, SC Johnson Professional, Whiteley Corporation, and Steris PLC

*Definition: Surface disinfectants are widely used in hospitals and research laboratories. They have an important role to play in critical care units. These disinfectants are effective in killing bacteria, mycobacteria, fungi, and other blood-borne pathogens.