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Surface Disinfectant Market Size to Reach USD 1,547.7 Million by 2027; Rising Prevalence of Hospital-acquired Infections to Boost Growth

June 24, 2020 | Chemicals & Materials

The global surface disinfectant market size is projected to reach USD 1,547.7 million by 2027 on account of the rising number of recreational, hospitality, and commercial spaces worldwide. This information is given by Fortune Business Insights™ in a new report, titled, “Surface Disinfectant Market Size, Share & Industry Analysis, By Type (Aerosol, Gel, Liquid, and Wipe), By Composition (Alcohols, Chlorine Compounds, Quaternary Ammonium Compounds, Hydrogen Peroxide, Peracetic Acid, and Others), By Application (Residential, Commercial, Health Care Facility, and Others), and Regional Forecast, 2020-2027. The report further mentions that the market stood at USD 770.6 million in 2019. However, it is set to exhibit a CAGR of 9.1% during the forecast period between 2020 to 2027.  


Procter & Gamble Company Launches Microban 24 Brand of Cleaning Products


In February 2020, The Procter & Gamble Company (P&G), a multinational consumer goods corporation headquartered in Ohio, introduced a new brand of antibacterial home sanitizing products called Microban 24. When used as directed, the products are capable of keeping the surfaces protected for 24 hours. They can work throughout the day and kill 99.9% of bacteria on contact. The latest brand offers a protective shield to kill the bacteria even after the surface is contacted or touched several times. The main aim of P&G behind this launch was to provide the masses with a robust sanitizing product that would keep working around the clock. The products are equipped with the multi-layer shield technology that activates bacterial fighting ingredients in small amounts over times.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/surface-disinfectant-market-103062


Sanitization of Public Places Owing to COVID-19 will Surge Demand for Surface Disinfectants


The emergence of the COVID-19 pandemic across the globe has surged the demand, as they are mainly required to disinfect and sanitize objects and places that come under frequent human contacts. The governments of many countries have put forward stringent rules and regulations on the hospitals, cafeterias, and restaurants for maintaining proper hygiene. Apart from that, the cases of hospital-acquired infections (HAIs) are rising day by day. Such infections include ventilator-associated pneumonia, catheter associated infections, and surgical site infection. Therefore, the governmental agencies are emphasizing on the sanitization of healthcare facilities. However, the National Center for Biotechnology Information (NCBI) stated that the users of these disinfectants were found to be greatly affected by various harmful health effects. This factor may obstruct the surface disinfectant market growth during the forthcoming years.


Key Players Aim to Gain Competitive Edge by Introducing Innovative Surface Disinfectants


The market is consolidated and hence, houses several small-, medium-, and large-sized companies. Most of the renowned ones are adopting the strategy of collaborations with the small scale companies and local start-ups. Whereas, the others are participating in research and development activities to unveil new disinfectants for surface owing to the rapid spread of infectious diseases, such as the coronavirus.


Fortune Business Insights™ presents the names of all the producers operating in the global market. They are as follows:



  • 3M (U.S.)

  • The Proctor & Gamble Company(U.S.)

  • Kimberley-Clark Corporation(U.S.)

  • SC Johnson Professional(U.S.)

  • The Clorox Company(U.S.)

  • Ecolab (U.S.)

  • Metrex Research LLC(U.S.)

  • Reckitt Benckiser (U.K.)

  • Diversey Inc.(U.S.)

  • STERIS plc (Ireland)

  • Whiteley Corporation (Australia)

  • Other Key Players


A Notable Industry Development-



  • June 2018: The Clorox Company, a global manufacturer and marketer of consumer and professional products based in California, launched a unique, alcohol-free quat solution named Clorox Healthcare VersaSure Cleaner Disinfectant Wipes. The product blends the compatibility and versatility, as well as a broad-spectrum disinfection efficacy required for usage on common healthcare surfaces. The new product is registered by the Environmental Protection Agency (EPA) and is capable of killing almost 44 pathogens, such as fungi, viruses, and bacteria.


Further Report Findings-



  •  Based on application, in 2019, the residential segment generated 16.1% surface disinfectant market share backed by the rising number of awareness programs amongst the masses regarding the spread of deadly diseases, as well as the advantages of surface disinfectants.

  • North America held USD 299.9 million in terms of revenue in 2019. This growth is attributable to the increasing implementation of guidelines and laws by the governments to maintain the sanitation and hygiene at public places, hospitals, and food plazas.

  • Asia Pacific is anticipated to grow at a fast pace because of the increasing governmental expenditure on public health and cleanliness.


The global market can be segmented in the following way:











































 ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD Million) and Volume (Kiloton)



Segmentation



By Type



  • Aerosol

  • Gel

  • Liquid

  • Wipe



By Composition



  • Alcohols

  • Chlorine Compounds

  • Quaternary Ammonium Compounds

  • Hydrogen Peroxide

  • Peracetic Acid

  • Others



By Application



  • Residential

  • Commercial

  • Health Care Facilities

  • Others



By Geography



  • North America (U.S., Canada, and Mexico)

  • Europe (Germany, France, UK, Italy, Spain, Russia, and Rest of Europe)

  • Asia Pacific (China, Japan, India, South Korea, Southeast Asia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • Middle East& Africa (GCC, Egypt, South Africa, Turkey, and Rest of Middle East & Africa)


Surface Disinfectant Market
  • PDF
  • 2019
  • 2016-2018
  • 200

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