The global Surface Disinfectant market size is expected to be worth around US$ 9.23 billion by 2030, according to a new report by Vision Research Reports.
The global Surface Disinfectant market size was valued at US$ 5.54 billion in 2020 and is anticipated to grow at a CAGR of 8.7% during forecast period 2021 to 2030.
Growth Factors
The market is driven by the increasing disease outbreak worldwide, coupled with the growing implementation of regulations in medical hygiene.
There is a spiraling demand for superior-quality surface disinfectant products due to the growing requirement to improve hygiene in ambulatory surgical centers, clinics, and hospitals to inhibit the spread of infections, including COVID-19, among staff and patients. The market is also driven by the growing number of laboratories and rising awareness among people about personal hygiene. Furthermore, various governments in North America and Europe have implemented stringent regulations concerning the use of chemical-based formulations and their discharge processes.
However, the market growth is likely to be restricted due to the toxicity of chemical-based products. Surface disinfectants consist of chemical substances, which when used properly as per guidelines yield excellent results. They help prevent the occurrence and transmission of diseases. However, the use of these products can pose a threat to humans as well as animals and lead to environmental hazards. Incomplete knowledge regarding the proper use and the health hazards associated with these products can pose a potential threat to industry growth.
However, the growing adoption of novel and advanced technologies by manufacturers for producing disinfectants with enhanced effectiveness and the shift in the trend toward biobased products are expected to promote the overall market growth globally over the foreseeable future.
In terms of the supply and demand equation on a global scale, manufacturers are inclined toward raw material procurement at competitive pricing. Raw material procurement involves engaging in long-term supply contracts with raw material suppliers. Some of the independent manufacturers hire third-party suppliers to sell their products. Disinfectant manufacturers are increasingly focused on product innovation and differentiation as they are steadily moving toward consolidation through mergers & acquisitions, joint ventures, and collaborative partnerships.
Report Highlights
The chemical product type segment dominated the market with a revenue share of 92.4% in 2020. Chemical-based disinfecting products are primarily classified into two types, namely non-oxidizing and oxidizing disinfectants. Non-oxidizing products comprise alcohols, aldehydes, amphoteric phenolics, and quaternary ammonium compounds (QACs).
The disinfectants are generally segmented into three categories namely, low level (Phenolic, QAC), intermediate level (alcohols, hypochlorites, iodine, iodophor), and high-level (hydrogen peroxide, glutaraldehyde, formaldehyde, ortho-phthalaldehyde, peracetic acid) disinfectants.
Hypochlorite is one of the most desired chlorine disinfectants, accessible in both liquid (sodium hypochlorite) and solid (sodium dichloroisocyanurate and calcium hypochlorite) forms. Hypochlorite can eradicate both enveloped and non-enveloped viruses when used at the right contact time and in accurate dilutions. Iodophores are used as both disinfectants and antiseptics and are considered to be effective against several types of microorganisms.
Biobased surface disinfectants are anticipated to be potential alternatives to chemical counterparts owing to their biodegradable, non-toxic, and environment-friendly characteristics. The FDA approval to use biobased products in formulations and commercialization of surface disinfectants is projected to create significant opportunities for market participants over the forecast period.
The liquid form segment accounted for the largest revenue share of 65.2% in 2020. Liquid surface disinfectants are commonly found in the form of gels or liquids with low viscosity. They are strong, biocidal, or toxic antimicrobial chemicals that can be applied to contaminated areas.
They are used for various applications, both household and industrial, including sealed marble countertops, sealed granite countertops, bathroom floor, exterior areas of appliances (such as toasters, stovetops, and microwaves), appliances with kitchen fixtures, enameled paint, glazed ceramic tile, stainless steel, windows, glass, vinyl, and plastic. Biobased surface disinfectants are predominantly utilized in liquid form.
Sodium hypochlorite is one of the prominent liquid disinfecting product forms for the livestock industry. It is an aqueous solution of 4-6% sodium hypochlorite, which is unaffected by water hardness and easily obtainable as bleach. It has a broad spectrum of antimicrobial activity and a low occurrence of toxicity and is inexpensive and fast-acting. Such liquid disinfectants are used to eliminate the risk of several diseases and treat livestock infections. However, they are used in feed processing as they are more diluted and less toxic to avoid any type of side effects.
The in-house application segment accounted for the largest revenue share of 68.1% in 2020. The in-house surface application includes household, commercial, and industrial in-house surfaces. The Centers for Disease Control and Prevention (CDC) has laid down guidelines and recommendations for the cleaning and disinfection processes to be followed in-house. The process of disinfecting in-house surfaces does not necessarily clean or kill all germs but lowers the risk of spreading infections and diseases caused by bacteria, fungi, or viruses. This factor is likely to fuel the growth of the segment.
Furthermore, rising demand from households has fueled the production of disinfectants by major players, including Clorox and Lysol. The in-house application segment presents lucrative growth opportunities to bio-based surface disinfectants supported by the growing awareness among consumers regarding the adverse effects on the environment and health. However, the smaller availability of the product and the introductory phase of the bio-based products have restrained the sales and acceptance of the product at a wider scale.
The soaring demand for surface disinfectants for equipment cleaning from medical professionals and consumers is likely to drive the demand for the product in the form of wipes and sprays for instrument application. Increasing investments by the governments in R&D infrastructure and concerns regarding the dangers related to biohazards in laboratories have ramped the demand for disinfecting and cleaning laboratory equipment and instruments in medical facilities and industries, such as food processing and meat processing.
The commercial end-use segment accounted for the largest revenue share of 48.4% in 2020. The commercial end-use of these products includes applications in hotels, restaurants, cafeterias, bars, offices, and other commercial surfaces. The overall hotel industry is highly benefitted from the increasing consumer spending in the past years.
However, nationwide lockdown globally and the temporary shutdown of office spaces amid the COVID-19 pandemic are expected to negatively influence the growth of the commercial end-use segment in the years to come. In addition, growing recognition of work from home benefits among the top commercial giants is likely to worsen the segment growth in the near future.
Hospitals are one of the prominent end-users of the market as they are the most vulnerable to infections caused by disease-causing agents, such as bacteria, fungi, and viruses. Regular and periodic disinfection of hospitals, equipment, and PPE kits are of utmost priority and this acts as a major driver for the market. The market growth is further accelerated by the rising incidences of disease outbreaks, such as the COVID-19 pandemic, which has created a skyrocketing demand for surface disinfectants from hospitals.
North America accounted for the largest revenue share of almost 34.0% in 2020. In North America, the ever-evolving regulations, health and hygiene-related awareness, healthcare spending, and increased R&D activities among the raw material manufacturers, product formulators, and end-users have driven the surface disinfectant industry in the past few years. However, in 2020, the market witnessed steep growth owing to the spread of the COVID-19 pandemic across North America.
The demand for surface disinfectants is likely to soar owing to concerns related to the diseases and infections, especially during the COVID-19, as the pandemic continues to spread in the U.S. In addition to the practices such as the use of personal protective equipment and maintaining social distancing, hand sanitizing and floor disinfecting has become fundamental for the consumers. Extended support from the government for keeping the environment clean has also accelerated the consumption of surface disinfectants across end-users.
Additionally, the European market has witnessed a severe surge in demand amid the pandemic spread across the European countries. International players are expanding their manufacturing facilities in the region in order to meet the demand and serve the European healthcare facilities locally. R&D and technological advancement in terms of production technologies have further advanced the market in the region.
Key Players
Lonza LLC
The Clorox Company
Stephan Company
The Procter & Gamble Company
Market Segmentation
Product Type Outlook
Chemical
Alcohol
Ammonium Compounds
Oxidizing Agents
Phenolics
Aldehydes
Others
Biobased
Form Outlook
Liquid
Wipes
Sprays
Application Outlook
In-house
Instruments
Others
End-use Outlook
Hospitals
Laboratories
Households
Industrial
Commercial
Regional Outlook
North America
U.S.
Canada
Europe
Germany
U.K.
France
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Middle East & Africa
South Africa
GCC Countries
The Surface Disinfectant market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Surface Disinfectant market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Surface Disinfectant market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Surface Disinfectant market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Surface Disinfectant market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Surface Disinfectant capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Surface Disinfectant by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Surface Disinfectant market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Surface Disinfectant market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Surface Disinfectant market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Surface Disinfectant industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Surface Disinfectant market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Surface Disinfectant market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Surface Disinfectant market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Surface Disinfectant market. These factors have benefited the growth of the global market for Surface Disinfectant. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Surface Disinfectant. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Surface Disinfectant are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
Research Methodology:
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
To strategically profile the key players and comprehensively analyze their growth strategies.
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