Market Research Future (MRFR) has published a cooked research report on the “Global Surface Disinfectant Market” that contains information from 2018 to 2032. The surface disinfectant market is estimated to register a CAGR of 7.80% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global surface disinfectant market— PDI, Inc.; GOJO Industries, Inc.; W.M. Barr; Spartan Chemical Company, Inc.; W.W. Grainger, Inc.; Carenowmedical; Reckitt Benckiser Group PLC; PaxChem Ltd.; BODE Chemie GmbH; Star Brands Ltd.; The 3M Company; Ecolab; Procter & Gamble; The Clorox Company; Whiteley Corporation; Lonza; SC Johnson Professional; BASF SE; Evonik Industries AG; Kimberley-Clark Corporation (KCWW); and Medline Industries, Inc.
Surface Disinfectant Market Highlights
Surface Disinfectant Market size was valued at USD 6.5 billion in 2022. The surface disinfectant market is projected to grow from USD 7.01 billion in 2023 to USD 12.8 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.80% during the forecast period (2023 - 2032).
A surface disinfectant is an anti-microbial substance used to get rid of any microorganisms or viruses that are on various surfaces. The market's demand for surface disinfectants is expanding quickly as a result of the rising incidence of infectious diseases around the world. On furniture, floors, tiles, lavatory and other surfaces, they aid in the eradication of germs. The demand for surface disinfectants is increasing, especially in clinics and hospitals where cleanliness and hygienic conditions are crucial.
The market for surface disinfectants is expanding at a faster rate due to a number of factors, including changing consumer lifestyles, adoption of new lifestyles, increased awareness of the spread of animal diseases, improved development of new surface disinfectants with new processes, and increased efficacy of the surface disinfectant due to increased use of the surface disinfectant for cleaning purposes. The market has also been influenced by factors such as the rising concern for cleanliness, the development of rules and regulations by the government, the increased focus on the environment, the expansion of the global economy, the increased use of surface disinfectants in the region, the increased growth rate of surface disinfectants, and the rising customer expectations.
Segment Analysis
The global surface disinfectant market has been segmented based composition, type, application and end user.
On the basis of composition, the market is segmented into Alcohols, Chlorine Compounds, Quaternary Ammonium Compounds, Hydrogen Peroxide, Peracetic Acid and Other Compositions. The alcohols segment was attributed to holding the largest market share in 2022.
Based on type, the global surface disinfectant market has been segmented into Liquids, Wipes (Alcohol-based wipes, Quaternary Ammonium Compounds-Based Wipes, Other wipes) and Sprays. The liquids segment was expected to hold the largest market share in 2022.
Based on application, the global surface disinfectant market has been segmented into Surface Disinfection, Instrument Disinfection and Other Applications. The surface disinfection segment was expected to hold the largest market share in 2022.
On the basis of end user, the market is segmented into Hospitals Settings, Diagnostic Laboratories, Pharmaceutical and Biotechnology Companies and Research Laboratories. The hospitals settings segment was attributed to holding the largest market share in 2022.
Regional Analysis
The global surface disinfectant market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe surface disinfectant market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The surface disinfectant market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World surface disinfectant market comprises of Middle East, Africa, and Latin America.
The largest market share for surface disinfectant was maintained by the North America regional sector due to rising consumer demand for personal hygiene, high consumer spending per person, the development of cutting-edge disinfection technologies, and an increase in the commercial and industrial use of these technologies. Additionally, expanding COVID-19 cases are fueling a rise in demand for household cleaning and disinfection products including hand sanitizers and floor disinfectants, which is boosting this region's market revenue growth.
Moreover, the Europe market has been persistently growing over the forecast period. The expansion of this region's healthcare market is largely being driven by the rising demand and supply of regional healthcare facilities as well as a number of sizable international firms in nations like the UK and Germany. Due to an increase in the prevalence of chronic diseases such meningococcal meningitis, leprosy, whooping cough, syphilis, typhus, measles, HIV/AIDS malaria, TB, and others, Germany is seeing an increased need for surface disinfectants.
Additionally, the Asia Pacific region accounted for the fastest-growing global market. The primary drivers driving this region's market revenue growth include rising personal hygiene awareness, soaring per capita income, and rising consumer expenditure on healthcare and home hygiene goods. Additionally, a factor contributing to some of the revenue growth for surface disinfection in this region is the increase in chronic diseases.
Furthermore, the rest of the world's surface disinfectant market is divided into the Middle East, Africa, and Latin America. Market expansion in this region is being fueled by investments made by the nations in these regions to expand the healthcare industry. Demand will be boosted by rising disposable income, along with consumers' growing awareness of cleanliness and hygiene.
Key Findings of the Study
- The global surface disinfectant market is expected to reach USD 12.8 billion by 2032, at a CAGR of 7.80% during the forecast period.
- The Asia Pacific region accounted for the fastest-growing global market. A growing awareness of personal hygiene, soaring per capita income, and expanding consumer spending on healthcare and home hygiene products are the main factors propelling market revenue growth in this area.
- Based on composition, the alcohols segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.
- PDI, Inc.; GOJO Industries, Inc.; W.M. Barr; Spartan Chemical Company, Inc.; W.W. Grainger, Inc.; Carenowmedical; Reckitt Benckiser Group PLC; PaxChem Ltd.; BODE Chemie GmbH; Star Brands Ltd.; The 3M Company; Ecolab; Procter & Gamble; The Clorox Company; Whiteley Corporation; Lonza; SC Johnson Professional; BASF SE; Evonik Industries AG; Kimberley-Clark Corporation (KCWW); and Medline Industries, Inc.
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Companies Covered | 15 |
Pages | 128 |
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