Surface Disinfectant Market Report, By Composition, Type, Application (In-House Surfaces, Instrument Disinfection, Other Applications), End User and Geography - Global Market Share, Trend Analysis & Forecast

Surface disinfectants have a higher demand in hospitals & clinics as there have been strict guidelines for hygiene and sanitation in such places. Formaldehyde, glutaraldehyde, hydrogen peroxide, peracetic acid, phenols are among the main disinfectants used worldwide to treat Hospital-acquired infections (HAIs). In particular, they are considered an integral component of infection prevention activities and are often composed of various chemical agents, such as alcohol, phenol, chlorhexidine, peracetic acid, and ammonium compounds, etc.

Surface Disinfectant Market Outlook

• The growing demand for high quality surface disinfectants across the globe is owing to the increasing need to improve hygiene in hospitals, clinics, and ambulatory surgical centers to prevent the spread of infections (COVID-19) among patients and staff
• Also the market is driven by the growing number of laboratories and the rising awareness among people about personal hygiene
• The rising disposable incomes of people are the factors for the growth of the surface disinfectant market

Surface Disinfectant Market Outlook

• The growth of this market is majorly driven by the increasing prevalence of hospital-acquired infections (HAIs) globally, presence of stringent regulations for the use of surface disinfectants (in hospitals, diagnostic laboratories, pharmaceutical & biotechnology companies, and research laboratories), and advancements in surface disinfectants
• The increase of the prevention safety among the individuals in the medical and healthcare industry is set to propel the growth of the market

Surface Disinfectant Market COVID-19 Impact

• The global pandemic of Coronavirus (COVID-19) has triggered stock market instability, tight border controls, and worldwide lockdown, leading the healthcare industry, as well as large companies and governments, to restock supply chains
• The whole world is experiencing severe impact on social and financial sectors, and all global industries are facing challenges during the COVID-19 pandemic
• Rising support from governments and several companies can help in the fight against this highly contagious disease

Surface Disinfectant Market Regional Trends

The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan and Rest of Asia Pacific. The Rest of the world include Latin America and Middle East & Africa. North America was a lucrative region for the Surface Disinfectant market in 2019. The demand for surface disinfectants in North America is primarily driven by the high prevalence of HAIs, rising patient population (as a result of the growth in the geriatric population and rising prevalence of chronic diseases), implementation of favorable government initiatives and stringent regulations on sterilization and disinfection, presence of an advanced healthcare infrastructure in the US and Canada, and the acceptance of newer compositions of surface disinfectants (based on hydrogen peroxide and peracetic acid). 

Surface Disinfectant Market Segmental Highlights

• Based on type, the market is segmented into quaternary ammonium compounds, chlorhexidine gluconate, phenolic compounds, alcohols, aldehydes, and other surface disinfectant
• Based on composition, the market is bifurcated into liquid, sprays, and wipes
• On the basis of application, the global surface disinfectant market has been segmented into in-house applications, instrument disinfection, and others
• Wipes segment is projected to register a higher CAGR during the forecast period. Wipes offer several advantages—zero water consumption, lesser chances of cross-contamination compared to liquids, and ease of use
• In-house surfaces application segment is projected to register a higher CAGR during the forecast period

Surface Disinfectant Market Key Players

The key companies in the surface disinfectant market are 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. etc. The companies operating in the market engage in new product launches, product upgrades, mergers and acquisitions, and geographical expansion to enhance their market position. In some instances, manufacturing companies have formed strategic partnerships and direct alliances with local end-users across the globe. Any change in the demand and supply of raw materials may have an impact on the industry. Therefore, manufacturers have enlarged their presence in the value chain by backward integrating and expanding their product portfolio.