The surface disinfectant market refers to the industry that produces and sells products used to disinfect surfaces, such as countertops, floors, and equipment. The primary goal of surface disinfectant products is to kill or eliminate harmful microorganisms, including bacteria, viruses, and fungi, that can cause illness or disease. There are various types of Surface Disinfectant products available in the market, including chemical disinfectants like quaternary ammonium compounds, hydrogen peroxide, and chlorine-based disinfectants, as well as natural disinfectants like vinegar, tea tree oil, and citrus extracts. These products are applied through various methods, such as sprays, wipes, liquids, and foams.
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The Surface Disinfectant Market is expected to grow at a strong CAGR of around 8% during the forecast period owing to a rise in the number of healthcare-associated infections. The market for surface disinfectants is driven by several factors, including an increasing awareness of the importance of hygiene and sanitation in preventing the spread of infectious diseases, a rise in the number of healthcare-associated infections, and the growing demand for effective disinfectants in industries such as food and beverage, hospitality, and residential.
Based on the composition, the market is segmented into alcohols, chlorine compounds, quaternary ammonium compounds, and others. Amongst these, the alcohols segment held the major share of the market in 2020. The market dominance of alcohols segment is due to the fact that chemical disinfectants play an important role in many industries, including healthcare and food service, where their effectiveness against a broad range of pathogens is highly valued.
By type, the market is divided into liquids, wipes, and sprays. Among these, wipes captured a dominating share of the surface disinfectant market in 2020 owing to the growing demand for disinfectant wipes, which are convenient and easy to use and provide a more targeted approach to disinfection. Wipes are also more portable than liquids and sprays, making them a popular choice for on-the-go use. The COVID-19 pandemic has also led to increased demand for disinfectant wipes as people seek to clean and disinfect frequently touched surfaces more frequently.
Asia-pacific to lead the growth
APAC is expected to grow at a substantial CAGR during the forecast period. Asia-Pacific, which is home to some of the world's largest and fastest-growing economies, including China and India. The Asia-Pacific region is expected to see strong growth in demand for surface disinfectants due to factors such as increasing awareness of the importance of hygiene, rising healthcare expenditures, and the growth of the food and beverage industry.
According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share are Reckitt Benckiser Group plc, Ecolab, The 3M Company, Procter & Gamble, BASF SE, PDI, Inc., Evonik Industries AG, Kimberley-Clark Corporation (KCWW), GOJO Industries, Inc., and Lonza.
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“Global Surface Disinfectant Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.
Market Segmentation:
1. By Composition (Alcohols, Chlorine Compounds, Quaternary Ammonium Compounds, and Others)
2. By Type (Liquids, Wipes, and Sprays)
3. By Application (Surface Disinfection, Instrument Disinfection, and Others)
4. By End-User (Hospital Settings, Diagnostic Laboratories, Pharmaceutical & Biotechnology Companies, and Research Laboratories)
5. By Region (North America, Europe, Asia-Pacific, Rest of the World)
6. By Company (Reckitt Benckiser Group plc, Ecolab, The 3M Company, Procter & Gamble, BASF SE, PDI, Inc., Evonik Industries AG, Kimberley-Clark Corporation (KCWW), GOJO Industries, Inc., and Lonza)
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Key questions answered in the study:
1. What are the current and future trends of the global surface disinfectant industry?
2. How the industry has been evolving in terms of composition, type, application, and end-user?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the global surface disinfectant industry?
5. What are the customer orientation, purchase behavior, and expectations from global surface disinfectant suppliers across various regions and countries?