Surface disinfectants are chemical products that help kill or reduce the number of microorganisms on inanimate surfaces through a disinfection process. They are widely used in hospitals, laboratories, food processing establishments, and other commercial surfaces like doorknobs, railings, etc. to ensure microbial control and hygienic conditions. Some of the common active ingredients used in surface disinfectant products include hydrogen peroxide, sodium hypochlorite, quaternary ammonium compounds, alcohols, and chlorine-based disinfectants. These products help prevent the spread of infectious diseases by destroying or inhibiting the growth of microorganisms.
The global Surface Disinfectant Market is estimated to be valued at US$ 7347.2 Mn in 2023 and is expected to exhibit a CAGR of 18.% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Increasing awareness about health and hygiene during the ongoing COVID-19 pandemic has been a major driver contributing towards the growth of the Global surface disinfectant market size. The pandemic has highlighted the importance of routine disinfection of frequently touched surfaces to control the spread of infectious diseases. This has led to increased adoption of surface disinfectant products in both commercial as well as residential settings. Various governmental and non-governmental organizations have also been amplifying awareness regarding proper disinfection techniques through educational campaigns. Rising health consciousness among people is expected to continue propelling the demand for surface disinfectants even post the pandemic.
SWOT Analysis
Strength: Surface disinfectants are widely being used by hospitals and healthcare facilities to curb infections and provide safer environment. They help in sanitizing surfaces and objects against pathogens, bacteria and viruses.
Weakness: Chemical based disinfectants may pose health hazards if not used properly as directed. Overuse of disinfectants can lead to environmental pollution and toxicity issues.
Opportunity: Innovation in development of newer, more effective and safer disinfectants along with increasing awareness about hygiene and cleanliness is driving market growth. Growing hospital infrastructure in developing nations offers scope.
Threats: Stringent regulations pertaining to product safety. Supply chain disruptions amid pandemic impact production and availability.
Key Takeaways
The global surface disinfectant market is expected to witness high growth. The market size is projected to reach US$ 7347.2 Mn by 2024 registering a CAGR of around 18% during the forecast period of 2023 to 2030.
Regional analysis: North America currently dominates surface disinfectant market owing to high healthcare expenditure and awareness. Asia Pacific is expected to grow at fastest pace due to rising population, healthcare facilities and initiatives to contain hospital acquired infections in countries like India and China.
Key players: Key players operating in the surface disinfectant market are FIMER SpA, Amara Raja Batteries Ltd, Samsung SDI, Energizer Holding Inc., Luminous Power Technologies Private Limited, LG Energy Solution, Ltd., Duracell Inc., Panasonic Corporation, Siemens AG, Tesla Inc., Delta Electronics Inc., BYD Co. Ltd and NEC Corp. The key players are focusing on product innovation and expansion to emerging nations to strengthen market presence.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
