Surface Disinfectant Products Market Size, Share & Trends Analysis Report By Product (Liquid, Wipes), By Raw Material (Synthetic, Biobased), By Distribution Channel (B2B, B2C), By Region, And Segment Forecasts, 2023 - 2030
The global surface disinfectant products market size is expected to reach USD 53.49 billion by 2030, registering a CAGR of 5.3% from 2023 to 2030, as per the new report by Grand View Research, Inc. The growth is majorly driven by the growing incidences of Hospital-AcquiredInfections(HAIs) and an increasing number of surgical procedures across the globe. They are used to kill or inactivate harmful microorganisms on surfaces, reducing the risk of infection and illness.Several industries, such as healthcare, food service, and hospitality, are required by law to maintain high levels of cleanliness and hygiene. This has created a demand for effective surface disinfectants that can help these businesses meet regulatory standards. The products are often seen as an easy and convenient way to clean and sanitize surfaces.
They can be used quickly and easily without the need for additional cleaning equipment or expertise. In addition, they help maintain a clean and attractive appearance in homes, businesses, and public spaces.Asia Pacific is expected to grow at the highest CAGR over the forecast period owing to a rapidly growing population leading to increased demand for frequent disinfection. The use of surface disinfectants in the Asia Pacific region is widespread and plays a crucial role in preventing the spread of infectious diseases. In many countries in the region, such as China, Japan, South Korea, and Singapore, it is common to see public places, such as hospitals, schools, offices, and transportation facilities, being regularly disinfected. This is expected to drive the product demand over the forecast period.
In 2022, synthetic emerged as the dominant raw material segment and accounted for over 87% of the revenue share as they typically work faster to achieve maximum efficacy
Liquid was the dominating segment accounting for a revenue share of over 63% in 2022 owing to its cost-effectiveness and ability to be customized for specific needs as per the desired application
The B2B distribution channel segment is projected to dominate the market over the forecast years owing to the growing demand for disinfecting healthcare facilities post-pandemic
The COVID-19 pandemic has heightened public awareness about the importance of disinfection and hygiene. This increased focus on cleanliness has led to a surge in product demand, prompting manufacturers to introduce new products
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