Market Definition
The Surface Disinfectants Market is a critical segment within the healthcare and hygiene industry, providing essential solutions for surface cleaning and disinfection. This market encompasses the production, development, and distribution of surface disinfectants—innovative formulations designed to eliminate or reduce the presence of harmful microorganisms on surfaces. Surface disinfectants play a pivotal role in infection prevention, ensuring a safe and hygienic environment in healthcare settings, laboratories, households, and various public spaces.
Market Outlook
The global surface disinfectants market was valued at USD 2.7 billion in 2021 and it is anticipated to grow up to USD 6.5 billion by 2031, at a CAGR of 9.2% during the forecast period.
The Surface Disinfectants Market is experiencing significant growth, driven by the increasing emphasis on infection control, the global response to infectious disease outbreaks, and the heightened awareness of hygiene practices in various sectors. As healthcare-associated infections continue to pose a threat, and public health remains a priority, the market is characterized by ongoing innovations in disinfectant formulations, delivery methods, and the development of environmentally friendly and effective surface disinfection solutions.
Factors propelling the market include the rise in healthcare spending, the need for effective disinfection in response to emerging pathogens, and the adoption of stringent hygiene protocols in various industries. Surface disinfectants contribute to reducing the transmission of infectious agents, ensuring the safety of patients and healthcare workers, and maintaining a clean and sanitized environment, positioning the market for sustained growth. As the world navigates through public health challenges, the Surface Disinfectants Market remains instrumental in providing state-of-the-art solutions for surface hygiene.
While the Surface Disinfectants Market experiences significant growth, it faces challenges such as the need for compatibility with diverse surfaces, addressing issues related to antimicrobial resistance, and adapting to evolving regulatory standards. Overcoming these challenges requires collaboration within the disinfectant, healthcare, and regulatory sectors, investment in research and development, and continuous improvement in disinfection efficacy and safety.
Opportunities within the market arise from the ability to provide innovative, broad-spectrum, and sustainable surface disinfection solutions. The convergence of nanotechnology in disinfectants, advancements in biodegradable formulations, and the increasing demand for disinfection in non-healthcare settings create opportunities for market players to lead in the advancement of Surface Disinfectants. Proactive engagement with healthcare institutions, regulatory authorities, facility managers, and technology partners, coupled with a commitment to public health and environmental sustainability, positions companies to capitalize on the expanding opportunities within the Surface Disinfectants Market.
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Research Objectives
- Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
- Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
- Identify factors influencing market growth and challenges, opportunities, drivers and restraints
- Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
- Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
- Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
- To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
- Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segmentation
The report analyses the global surface disinfectants market based on product, form, distribution channel, end use, and region.
Global Surface Disinfectants Market by Product
Based on product, it is segmented into the chemical-based and bio-based. The bio-based segment accounted for the largest share of the global surface disinfectants market in 2021. This is owed to the stringent regulations pertaining to the use of chemicals and the growing environment & health awareness among consumers about the impact of excessive use of chemicals have propelled the segment growth over the past few years. Bio-based surface disinfectants are highly effective as they help to kill germs without leaving toxic chemical residue and eliminate the hazardous effects on the skin, eyes, and respiratory system. These benefits have attracted consumer attention towards bio-based surface disinfectant products in the market. The rising focus of surface disinfectant manufacturers towards investing heavily in research & development to develop new bio-based formulations and increasing the use of bio-based surface disinfectants as an alternative to chemical-based products should drive market growth over the forecast period.
Global Surface Disinfectants Market by Form
Based on form, it is segmented into wipes, liquid, and spray. The liquid segment is likely to dominate the market during the forecast period. High availability and ease of application should fuel the demand for liquid form of surface disinfectants. Liquid surface disinfectants are extensively used in large quantities in the healthcare, hospitality, and food & beverage sector as they are easily available in the market and are easy to use. Moreover, the availability of liquid surface disinfectant products with pleasant and refreshing fragrances has accelerated the product demand from residential end-users, which is likely to further propel the growth of the surface disinfectant market over the forecast period.
Global Surface Disinfectants Market by Distribution Channel
Based on distribution channel, it is segmented into online and offline. The online segment is likely to dominate the market during the forecast period. Rising preference for online shopping is propelling the sale of surface disinfectants through online distribution channel. The rapidly changing lifestyle of consumers due to urbanization has changed consumer shopping behavior across the globe. Rapid internet penetration in developing countries such as China, India, Brazil, and Argentina have increased the rate of online shopping which should accelerate the sale of surface disinfectants through the online distribution channel. The conveniences of cash-on-delivery and favorable discounts offered by the online stores are attracting customers globally to purchase surface disinfectants through online stores. Moreover, online shopping has increased due to the high convenience factor and the busy lifestyle of the consumers. This has further increased the sale of surface disinfectants through online distribution channel.
Global Surface Disinfectants Market by End-use
Based on end-use, it is segmented into healthcare, hospitality, food & beverage, and residential. The healthcare segment is likely to dominate the market during the forecast period. The COVID-19 outbreak has significantly increased the demand for surface disinfectants from the healthcare sector across the globe to provide protection in healthcare facilities and safeguard medical personnel from direct exposure to the virus. Increasing cases of COVID-19 and rapid growth in the healthcare sector across developing countries such as China and India have led to increasing demand for high-quality surface disinfectant products.
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Major Players
The key players in the market are 3M (US), Procter and Gamble (US), Reckitt Benckiser Group PLC (UK), Ecolab (US), Steris (US), The Clorox Company (US), Diversey Holdings LTD. (US), CarrollCLEAN (US), PAUL HARTMANN AG (Germany), Rossari Biotech Ltd and among others
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Research Scope
- Scope – Highlights, Trends, Insights. Attractiveness, Forecast
- Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
- Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
- Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
- Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
- Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
- Market Size in 2021 – $2.7 Billion
- Market Size in 2031 – $6.5 Billion
- CAGR % – 9.2%
- Historic Period – 2015 – 2020
- Forecast Period – 2022 – 2031
- Base Year – 2021
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