|Fastest Growing Market:||Asia Pacific|
|Largest Market:||North America|
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The global surface disinfectant market was valued at USD 7,606 million in 2020 and is expected to reach USD 6,103 million by 2026, witnessing a CAGR of 2.10% during the forecast period.
The outbreak of COVID-19 has significantly impacted the growth of the surface disinfectant market. The usage of surface disinfectants that provide protection in healthcare facilities and safeguard personnel performing medical procedures that expose them to the virus is rising. As a result, several of the companies have now ramped up their production and are focusing on the development of new products. In April 2020, ITC launched its product "Savlon Surface Disinfectant Spray". Thus, the demand for surface disinfectants is expected to increase during the COVID-19 pandemic.
Other factors that are driving the market growth include the rising incidence of hospital-acquired infections, a growing geriatric population and subsequent growth in the prevalence of chronic diseases, and the increasing number of surgical procedures. As per the study titled "Healthcare-Associated Infections—A New Pathology in Medical Practice?", published in February 2020, about 50% of the hospital acquired infections occur in the intensive care unit. Surface disinfectants play a crucial role in preventing these infections. Hence, with the growing burden of HAI's, the market is expected to grow over the forecast period.
Scope of the Report
Disinfectants are referred to as antimicrobial agents that are applied to the surface of various non-living objects in order to destroy the microorganisms living on those objects. Practical implementation of surface disinfection routines can prevent or minimize infections and various adverse effects that are prevalent in the current healthcare system. The surface disinfectant market is segmented by type (quaternary ammonium compounds, hypochlorite, alcohols, aldehydes, and other surface disinfectants), formulation (liquids, wipes, and sprays), end user (hospitals and clinics, outpatient surgical centers, and other end users), and geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report offers the value (in USD million) for the above segments.
|Quaternary Ammonium Compounds|
|Other Surface Disinfectants (Peracetic Acid, Phenolic Compounds, Iodine Compounds, Hydrogen Peroxide etc.)|
|Hospitals & Clinics|
|Outpatient Surgical Centers|
|Other End Users|
Key Market Trends
Hypochlorite is Expected to Hold Significant Market Share in the Type Segment
According to the World Health Organization (WHO), studies suggest that coronaviruses may persist on surfaces for a few hours or up to several days. This may vary under different conditions, such as the type of surface, temperature, and humidity. Due to this, there has been an increased focus on the disinfection of surfaces to curb the transmission of the disease. This is, thereby, expected to accelerate the demand for hypochlorite surface disinfectants.
In March 2020, Chimcoplex received approval from the Ministry of Health, Romania, for the production of 1.25% sodium hypochlorite. This is further expected to support the surface disinfectant manufacturers for production.
Furthermore, hypochlorites are available in either solid or liquid form. The most predominant chlorine products in the United States are the aqueous solutions of 5.25% to 6.15% sodium hypochlorite, typically referred to as household bleach. These have an extensive spectrum of antimicrobial activity (i.e., virucidal, bactericidal, fungicidal, sporicidal, and mycobactericidal), are unaffected by hard water, are fast-acting and inexpensive, generally do not leave toxic residues, remove dried or fixed organisms as well as biofilms from surfaces, and have a significantly low incidence of serious toxicity.
The increasing population of elderly patients is expected to revolutionize the delivery of healthcare services and create a greater market for disinfectants, as they are more prone to acquiring HAIs (hospital-acquired infections). According to the 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 is projected to double (to reach 1.5 billion) by 2050. Hence, with the rising geriatric population, the demand for hypochlorite surface disinfectants is also expected to grow, thereby fueling the market growth.
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North America Dominates the Market and Expected to do Same in the Forecast Period
- North America is expected to dominate the surface disinfectant market, owing to the outbreak of COVID-19 in this region which has tremendously increased the demand for surface disinfectants. In March 2020, Environmental Protection Agency (EPA), United States released an expanded list of EPA-registered disinfectant products that have qualified for use against SARS-CoV-2, containing about 200 additional products and 40 new products.
- The rise in chronic diseases such as cardiovascular diseases, and others, require an extended hospital stay, hence, there is an increase in the number of cases of hospital-acquired infection in the country. According to 2019 data by the American Health Association, there were approximately 36.5 million hospital admissions in 2017. Many of these procedures were due to chronic diseases and critical procedures, like heart bypass surgery. This number is increasing, and the rate of hospital-acquired infection is also rising, resulting in the growth of the market.
- Furthermore, the number of surgeries has increased in the region over recent years. For instance, according to a report published by the ASPS (American Society of Plastic Surgeons), more than 17.7 million surgical and minimally invasive cosmetic procedures were executed in the United States in the year 2018. Therefore, owing to all these factors the region is expected to hold the largest market share in the global market during the forecast period.
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The global surface disinfectant market is highly competitive and consists of a number of major players. Companies like 3M Company, Cantel Medical Corporation, Ecolab, Procter and Gamble, SC Johnson Professional, Steris Corporation, The Clorox Company, and Whiteley Corporation, among others, hold a substantial market share in the surface disinfectant market. The companies are adopting various strategies in order to grow their presence in the market. In December 2020, Godrej Consumer Products Limited introduced the product line "Godrej ProClean", a range of surface disinfectant solutions in the market.
- In June 2020, Armis Biopharma launched "ArmiClenz", a surface disinfectant approved by Environmental Protection Agency (EPA). It is claimed to be effective in killing most harmful bacteria and viruses that dwell on surfaces.
- In May 2020, the Clorox Company introduced “Healthcare VersaSure Cleaner Disinfectant Wipes" in the market. It is a surface disinfectant based on the alcohol-free quat technology.
Table of Contents
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Inceidence of Hospital-Acquired Infections
4.2.2 Growing Geriatric Population and Subsequent Growth in the Prevalence of Chronic Diseases
4.2.3 Increasing Number of Surgical Procedures
4.3 Market Restraints
4.3.1 Issues Related to the Sterilization and Disinfection of Advanced Medical Instruments
4.3.2 Side Effects of Certain Toxic Substances
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 Quaternary Ammonium Compounds
5.1.5 Other Surface Disinfectants (Peracetic Acid, Phenolic Compounds, Iodine Compounds, Hydrogen Peroxide etc.)
5.3 End User
5.3.1 Hospitals & Clinics
5.3.2 Outpatient Surgical Centers
5.3.3 Other End Users
5.4.1 North America
184.108.40.206 United States (By Type, By Formulation and By End User)
220.127.116.11 Canada (By Type, By Formulation and By End User)
18.104.22.168 Mexico (By Type, By Formulation and By End User)
22.214.171.124 Germany (By Type, By Formulation and By End User)
126.96.36.199 United Kingdom (By Type, By Formulation and By End User)
188.8.131.52 France (By Type, By Formulation and By End User)
184.108.40.206 Italy (By Type, By Formulation and By End User)
220.127.116.11 Spain (By Type, By Formulation and By End User)
18.104.22.168 Rest of Europe (By Type, By Formulation and By End User)
22.214.171.124 China (By Type, By Formulation and By End User)
126.96.36.199 Japan (By Type, By Formulation and By End User)
188.8.131.52 India (By Type, By Formulation and By End User)
184.108.40.206 Australia (By Type, By Formulation and By End User)
220.127.116.11 South Korea (By Type, By Formulation and By End User)
18.104.22.168 Rest of Asia-Pacific (By Type, By Formulation and By End User)
5.4.4 Middle East and Africa
22.214.171.124 GCC (By Type, By Formulation and By End User)
126.96.36.199 South Africa (By Type, By Formulation and By End User)
188.8.131.52 Rest of Middle East and Africa (By Type, By Formulation and By End User)
5.4.5 South America
184.108.40.206 Brazil (By Type, By Formulation and By End User)
220.127.116.11 Argentina (By Type, By Formulation and By End User)
18.104.22.168 Rest of South America (By Type, By Formulation and By End User)
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Company Profiles
6.1.1 3M Company
6.1.2 Cantel Medical Corporation
6.1.4 Procter and Gamble
6.1.5 SC Johnson Professional
6.1.6 Steris Corporation
6.1.7 The Clorox Company
6.1.8 Reckitt Benckiser Group Plc
6.1.9 Metrex Research LLC
6.1.11 Medline Industries
6.1.12 Evonik Corporation
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Global Surface Disinfectant Market market is studied from 2018 - 2026.
What is the growth rate of Global Surface Disinfectant Market?
The Global Surface Disinfectant Market is growing at a CAGR of 2.1% over the next 5 years.
What is Global Surface Disinfectant Market size in 2018?
The Global Surface Disinfectant Market is valued at 7606 Million USD in 2018.
What is Global Surface Disinfectant Market size in 2026?
The Global Surface Disinfectant Market is valued at 6103 Million USD in 2026.
Which region has highest growth rate in Global Surface Disinfectant Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Global Surface Disinfectant Market?
North America holds highest share in 2020.
Who are the key players in Global Surface Disinfectant Market?
3M Company, Cantel Medical Corporation, SC Johnson Professional, Procter and Gamble, Reckitt Benckiser Group plc are the major companies operating in Global Surface Disinfectant Market.