The global surface disinfectant market is forecasted to value over 2 billion by 2026 end and register a CAGR of over 7.5 % from the forecast period 2019-2026.
The rising number of hospital-acquired infections coupled with increasing healthcare expenses are the key factors driving the growth of the market. The recent Ebola outbreak has underlined the growing need for healthcare disinfection and cleanliness facility. Stringent regulations such as the Affordable Care Act has mandated cleanliness in healthcare facilities, thus escalating the market growth.
According to the World Bank statistics, the healthcare expenditure has observed a growth of USD 3.6 billion in the past decade. The high growth in healthcare expenditure is expected to play a catalytic role in the expansion of the surface-disinfectant market. Additionally, growing number of human-transmitted diseases, especially among nurses and healthcare workers have increased the demand for surface disinfectants.
The market is segmented into composition, type, application, and end-user. Based on composition, alcohol is expected to showcase notable growth owing to rising demand from hospitals and clinics. Alcohol is an important component present in disinfectants that is used for cleaning hospital floorings so as to keep them germ-free. Hydrogen peroxide is expected to exhibit considerable growth owing to their adoption in formulations of surface disinfectants.
Based on type, liquids are expected to dominate the growth of the market over the forecast period. Rapid demand for liquids in emerging economies owing to its cost effectiveness is driving the growth of the market. Quaternary ammonium compound based wipes are also projected to show significant growth owing to its more efficient performance.
In terms of application, in-house segment is envisioned to hold a vast share of the market. The growing presence of infections at home is driving the demand for using surface disinfectants, thus propelling the market. Furthermore, the stringent regulations regarding infection control are augmenting market growth.
Based on end-users, hospitals are expected to witness significant growth owing to the rising prevalence of hospital-induced infections. The government regulations have prompted the urge of cleanliness thus positively influencing the market.
In terms of region, North America is the global leader of the market. Government initiatives to ensure cleanliness have boosted the presence of the market in the region. Furthermore, a rise in the standard of living coupled with the rapid adoption of hygiene etiquettes among consumers is bolstering the market in the region. Moreover, the prevalence of chronic diseases has resulted in an increase in surgical procedure which has spiked the demand for hygiene thus inflating the surface disinfectant market. Asia-Pacific region is expected to show exponential growth owing to the government policies and expenditure on public health. Emerging economies like India have imposed government initiatives prompting awareness of cleanliness and public health among consumers. Such initiatives have prospered the market in the region.
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Global Surface Disinfectant Market Segmentation:
By Composition
Alcohols
Chlorine Compounds
Peracetic Acid
Quaternary Ammonium Compounds
Hydrogen Peroxide
Other Compositions
By Type
Wipes
Alcohol-Based Wipes
Quaternary Ammonium Compound-Based Wipes
Other Wipes
Liquids
Sprays
By Application
Instrument Disinfection
In-House Surfaces
Others
By End-User
Diagnostic Laboratories
Hospital Settings
Research Laboratories
Pharmaceutical & Biotechnology Companies
By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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Competitive Landscape:
Prominent players like Reckitt Benckiser Group, Clorox Company and 3M offer diverse product portfolios like Clorox disinfectant cleaners and Lysol which have stimulated the market
3M Company launched the 3M Curos Stopper disinfecting caps in 2017. The caps protect and prevent the entry of contamination from the port of instruments
Key Players:
3M Company
Cantel Medical
The Clorox Company
Ecolab
Johnson & Johnson
Procter & Gamble
Reckitt Benckiser Group PLC
Diversey, Inc.
Steris Corporation
CarroLLClean
Metrex Research, LLC (Subsidiary of Danaher Corporation)
Whiteley Corporation
Gojo Industries, Inc.
FutureWise Key Takeaways
Growth Prospects
SWOT Analysis
Key Trends
Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the global surface disinfectant market by type, by composition, by application, by end-user, and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America and Middle East & Africa
• To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financial and core competencies
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