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The global surface disinfectant market size was USD 770.6 million in 2019 and is projected to reach USD 1,547.7 million by 2027, exhibiting a CAGR of 9.1% during the forecast period.
Surface disinfectant is a chemical agent used to kill microorganisms present on the surface, to prevent the transmission and cross-contamination of infections. They work by interfering with the metabolism of the microbes. They are widely used in research laboratories, hospitals, kitchens, and bathrooms to prevent infectious diseases. They are also used to clean floors, walls, tabletops, and medical equipment and instruments. Strict guidelines and regulations enforced by the authorities have increased the adoption of these products in developing countries. Additionally, the increasing expenditure in healthcare infrastructure by the developing countries will boost the demand for these disinfectants. The rising amount of antimicrobial resistance has led to the use of peracetic acid and hydrogen peroxide formulations to manufacture the disinfectant.
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Increasing Commercial and Hospitality Spaces is a Vital Trend
The increasing number of commercial, hospitality, and recreational spaces is owed to the growing urbanization and changing lifestyle of the people. Guidelines and regulations imposed by the governments to maintain hygiene at restaurants, cafés, and hospitals will result into significant boost in the demand for these disinfectants. Additionally, the rising awareness amongst the consumers regarding the maintenance of sanitation and hygiene levels at hospitality places will support the surface disinfectant market growth. Furthermore, the onset of COVID-19 has forced people to practice the act of disinfecting objects that come into human contact on daily basis and stop the impact of the virus. This has propelled the demand for these products.
Rising Concerns Regarding Hospital-Acquired Infections to Drive the Demand for Surface Disinfectants
The market driver for surface disinfectant is the high pervasiveness of hospital-acquired infections (HAIs). Hospital-acquired infections occur in patients during their treatment at hospitals, but are not noticed during the time of admission. The infections associated with the medical equipment and invasive devices include surgical site infection, catheter associated infections, ventilator-associated pneumonia, and others. The continuous use of these disinfectants at healthcare facilities has resulted into significant decrease in HAIs incidence. The regulations enforced by the governmental organizations to put emphasis on sanitation at healthcare facilities will boost the demand, thereby acting as the market driver.
Handling of Hazardous Chemicals during the Production of Disinfectants to Restrict Growth
Chemicals such as hypochlorite, peroxides, and acetic acid are used in the production of these disinfectants and are harmful to the environment as well as humans. Sodium hypochlorite is a corrosive, flammable substance, and can also induce burns which make its handling, storage, and transportation a difficult and costly task. In a study conducted by the National Center for Biotechnology Information (NCBI), the high prevalence of chronic diseases, causing severe health effects was found amongst the users. Therefore, the above reasons will act as the restraining factors for this market.
Liquid Segment to Occupy Major Share of the Market during the Forecast Period
Based on type, the market is classified into aerosol, gel, liquid, and wipe. The liquid segment is expected to hold the major market share during the forecast period. The growth of this segment is attributed to its wide usage in household, restaurants, hospitals, malls, and offices. Availability of liquid surface disinfectants for multiple purposes, a wide variety of compositions & formulations, combined with its low cost will drive the demand for such products in the developing economies.
The wipe segment is likely to be the fastest-growing segment in the market during the forecast period. Wipes are pre-moistened and consists of alcohol, sodium hypochlorite, or other compositions. They are used for cleaning surfaces such as table tops, medical equipment, and other regular surfaces. The growth of this segment in the market is due to the several advantages offered by it including, lesser incidence of cross-contamination, minimum water consumption, and ease of use.
Alcohols Segment to Gain Momentum in the Surface Disinfectant Market
Based on composition, the global market is classified into chlorine compounds, alcohols, quaternary ammonium compounds, peracetic acid, hydrogen peroxide, and others. The alcohols segment is set to be the major segment in the market during the forecast period. Alcohol-based disinfectants are the proven class of disinfectants approved by the Environmental Protection Agency (EPA) and the Centers for Disease Control and Prevention (CDC) for the use in hospitals and clinics. The high effectiveness of alcohol-based disinfectants against a wide spectrum of bacteria will boost the demand for alcohol-based surface disinfectants, thereby contributing to the growth of the market.
The peracetic acid segment is expected to be the fastest growing segment in the market. Disinfectants comprising of peracetic acid have been permitted by the EPA for the use at sites including medical facilities, food establishments, bathrooms, food processing equipment, pasteurizers, and beverage plants. The rising demand for peracetic acid-based disinfectants for household applications is expected to drive the market growth.
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Health Care Facilities Segment to be the Fastest Growing Application of Surface Disinfectants
In terms of application, the market is segmented residential, commercial, health care facilities, and others. Amongst them, the health care facilities segment accounts for the major share in this market. Rising incidence of hospital-acquired infections has led to the higher adoption of these disinfectants in health care facilities. They are used to decontaminate walls, floors, bathrooms, medical equipment, and instruments in the healthcare facilities. The increasing expenditure on the healthcare sector by developing countries will increase the consumption of this in the hospital settings.
The residential segment is anticipated to showcase a significant growth in the market during the forecast period. The rising awareness amongst citizens regarding the spread of infections and the role of disinfectants in inhibiting them is responsible for the increasing demand for these disinfectants. Furthermore, the outbreak of COVID-19 pandemic has propelled the demand for these products for residential applications, thereby boosting the market growth.
North America Surface Disinfectant Market Size, 2019 (USD Million)
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The market size in North America stood at USD 299.9 million in 2019. It is the largest region in the market owing to the regulations and guidelines imposed by the government regarding the maintenance of hygiene and sanitation at hospitals, food establishments, and other public places. The market in Europe is to be governed by the increasing usage of the products for household applications. Rising awareness of citizens in this region regarding the prevention of the spread of diseases is increasing the adoption of these disinfectants in this region. Asia Pacific is projected to be the fastest growing region in the market during the forecast period. In this region, the rising expenditure by the governments on cleanliness and public health will boost the demand for these disinfectants, thereby augmenting the market.
The market in Latin America and the Middle East & Africa is expected to show substantial growth during the forecast period. Investment by the countries of these regions to develop the healthcare sector is leading to the market growth. Rising disposable income, coupled with the increasing awareness amongst consumers regarding cleanliness and hygiene will boost the demand.
Key Players Combining Organic and Inorganic Strategies to Maintain Their Dominance in the Market
The global market is consolidated in nature, with few prominent players governing majority of the share. Major players, such as Steris Corporation, have been investing heavily to develop new products considering the rapid market growth in recent times.
The surface disinfectant market report provides a detailed analysis of the market and focuses on key aspects such as leading companies, product types, the compositions used to produce them, and leading applications of the product. Besides this, the market research report offers insights into the market trends and highlights key industry developments. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth of the market over recent years.
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Value (USD Million) and Volume (Kiloton)
Fortune Business Insights says that the global market size was USD 770.6 million in 2019 and is projected to reach USD 1,547.7 million by 2027.
In 2019, the market value stood at USD 770.6 million.
Growing at a CAGR of 9.1%, the market will exhibit steady growth in the forecast period (2020-2027).
Health care facilities segment is expected to be the leading segment in this market during the forecast period.
Rising concerns regarding the hospital-acquired infections will drive the growth of the market.
North America held the highest market share in 2019.
The onset of COVID-19 pandemic and the increasing awareness amongst citizens regarding sanitation and cleanliness will drive the adoption of these disinfectants.
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