Surface Disinfectants Market Analysis and Forecast to 2031: By Product (Chemical-based {Quaternary Ammonium Compounds, Hypochlorite, Alcohols, Aldehydes, Peroxides}, Bio-based), Form (Liquids, Wipes, Spray), End-user (Healthcare, Hospitality, Food & Beverage, Residential) and Distribution Channel (Online, Offline) and Region
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.
Surface disinfectants are substances that inhibit the growth of microorganisms, such as bacteria, present on the surface. They also play an important role to prevent infection. As the rate of infectious diseases increases globally, the market for surface disinfectants grows rapidly. They help to kill germs on floor, tiles, washroom, furniture, and other surfaces. The demand for the product is more in hospitals and clinics where cleanliness and sanitation are essential.
Market Trends and Drivers
Rising number of stringent regulations for the use of surface disinfectants will positively impact the market growth. The increase in number of stringent regulations focus on the development of suitable policies for housekeeping services, which puts a premium on good housekeeping and sanitation. Thus, due to such regulatory guidelines, there will be improvement in the regular usage of surface disinfectants across healthcare settings. Moreover, increasing healthcare expenditure and focus in emerging economies will augment the overall industry expansion. Emerging economies, such as India, Brazil, and South Africa, provide significant opportunities for players in the sterilization and disinfection markets. Emerging economies in the APAC region present lucrative investment opportunities for multinational infection control companies to offshore their business operations to these markets.
Market Restraints and Challenges
Rising number of adverse effects of chemical disinfectants may hamper the business growth during the forecast period. Most of the chemical disinfectants currently available in the market have toxic properties. For example, sodium hypochlorite is an effective treatment against blood-borne pathogens but due to its highly corrosive and a respiratory irritant nature, it is dangerous for cleaning personnel and building occupants because it is toxic when released into the environment and causes damage to many surfaces.
Global Surface Disinfectants Market Segmental Overview
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.
Geographical Analysis of Global Surface Disinfectants Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region is accounted for the majority of market share during the forecast period. Rising health and hygiene awareness among the consumers amidst the COVID-19 pandemic along with high healthcare spending are the major factors attributing to the business growth in North America. Also, the product demand is likely to soar over the projected timeframe owing to concerns related to infections & diseases and rising focus of the government in the U.S. and Canada to keep the environment clean. Developed healthcare infrastructure and well-established food & beverage and hospitality sector in the region offer a lucrative growth opportunity for the surface disinfectant market over the forecast period.
Major Players in the Global Surface Disinfectants MarketCOVID-19 Impact
A worldwide emergency has been caused by the COVID-19 pandemic. The pandemic has disrupted healthcare systems all over the world, with hospitals being overwhelmed due to the increasing influx of patients. Temporary hospitals are also being set up to deal with an increasing disease incidence. Hence, the spread of COVID-19 has spurred a surge in demand for cleaning and disinfection products due to the growing awareness about safety, hygiene, and health. Factors such as the increasing demand for hospital beds and ICUs in North America, the rising proliferation of isolation facilities, and increasing awareness among consumers on hygiene and preventive healthcare have greatly boosted the demand for surface disinfectants. To prevent the spread of the disease, the COVID-19 outbreak has made personal and household disinfection increasingly important. The synthetic disinfectants are running out of stock at retail stores as many consumers have responded by panic-buying disinfecting products to ensure that they can keep their homes virus-free. In response, retailers are dealing with the spike in demand by restocking their shelves with green disinfectants. The EPA is also adding many natural disinfectants to its "approved" list for fighting COVID-19. Post COVID-19, the demand for surface disinfectants is expected to scale up due to the threat of the re-emergence of the virus. Considering these factors, the COVID-19 pandemic is expected to result in the emergence of new domestic players in the surface disinfectants market.
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