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The surface disinfectants market size is forecast to increase by USD 1.20 billion between 2022 and 2027, accelerating at a CAGR of 5.66%. In 2017, the US held the largest market share, projecting an annual revenue of USD 1.50 billion. The report offers extensive research analysis on the Surface Disinfectants Market, with a categorization based on Product, including Hypochlorite, Quaternary ammonium compounds, Hydrogen peroxide, Chlorhexidine gluconate, and Others. It further segments the market by Type, encompassing Liquids, Sprays, and Wipes. Additionally, the report provides geographical segmentation, covering North America, Europe, APAC, Middle East and Africa, and South America. Market size, historical data (2017-2021), and future projections are presented in terms of value (in USD billion) for all the mentioned segments.
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The increasing investments in the healthcare industry is driving growth in the surface disinfectants market. The need for bigger facilities and more surfaces to be disinfected regularly basis has been prompted by investments in healthcare infrastructure, such as hospitals, clinics, and medical centers. This increased surface area drives the demand for surface disinfectant products. Healthcare facilities prioritize infection control and patient safety.
However, increased investments in research and development within the healthcare industry led to the development of innovative disinfection protocols and technologies. In order to ensure the safety and hygiene of this equipment, surface disinfectants are required. Such factors are expected to drive the growth of the global surface disinfectants market during the forecast period.
The hypochlorite segment is estimated to witness significant growth during the forecast period. Hypochlorite is extensively used as a disinfectant and is available in liquid form, for example, sodium hypochlorite, as well as in solid form, for example, calcium hypochlorite. Hypochlorite disinfectants are capable of performing a wide range of antimicrobial activities and do not have any effect on water hardness.
The hypochlorite segment was the largest segment and was valued at USD 811.15 million in 2017. The increase in demand for medical applications is driving this segment. Hypochlorite bleach solution acts as a disinfectant, especially on the surface of reusable healthcare equipment, in medical laboratories, as well as nursing homes, to prevent the spread of infections among patients and healthcare professionals.
North America is estimated to contribute 65% to the growth of the global market during the forecast period. North America is expected to account for the largest share of the global surface disinfectants market during the forecast period. The rising demand for surface disinfectants in the region can be attributed to the presence of a large number of hospitals, corporate buildings, and educational institutes and the increased awareness about self-hygiene among people.
Moreover, the growth of the market for surface disinfectants in this region is driven by increasing expenditure on healthcare services. The growth in the use of healthcare facilities, with rising health spending, is expected to propel the growth of the surface disinfectants market in the region during the forecast period. The availability of organic sanitation products and their increasing adoption are further expected to drive the growth of the regional surface disinfectants market during the forecast period.
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The Surface Disinfectants Market is fragmented in nature. Some significant players include 3M Co., Acuro Organics Ltd., BASF SE, CarrollCLEAN, Clariant International Ltd., Ecolab Inc.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Envista Holdings Corp., Hillyard Inc., Kao Corp., KERSIA GROUP, Lonza Group Ltd., Medline Industries LP, Reckitt Benckiser Group Plc, S.C. Johnson and Son Inc., Solvay SA, STERIS plc, The Procter and Gamble Co., Tristel Plc, Unilever PLC, and Whiteley Pty Ltd.
The surface disinfectants market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 - 2027.
Surface Disinfectants Market Scope |
|
Report Coverage |
Details |
Page number |
186 |
Base year |
2022 |
Historic period |
2017 - 2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.66% |
Market growth 2023-2027 |
USD 1.20 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.04 |
Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
Performing market contribution |
North America at 65% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
3M Co., Acuro Organics Ltd., BASF SE, CarrollCLEAN, Clariant International Ltd., Ecolab Inc., Envista Holdings Corp., Hillyard Inc., Kao Corp., KERSIA GROUP, Lonza Group Ltd., Medline Industries LP, Reckitt Benckiser Group Plc, S.C. Johnson and Son Inc., Solvay SA, STERIS plc, The Procter and Gamble Co., Tristel Plc, Unilever PLC, and Whiteley Pty Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
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