Surface disinfectants are chemical agents applied on inanimate surfaces to destroy or irreversibly inactivate infectious microorganisms. They are commonly used in healthcare facilities, laboratories, food industries, and households to reduce the risk of infection transmission. Regular disinfection of high touch surfaces like door knobs, countertops, electronics, etc. helps eliminate germs and prevents the spread of illnesses. The COVID-19 pandemic has significantly boosted the demand for surface disinfectants as health agencies worldwide recommend frequent disinfection of surfaces to curb the spread of the SARS-CoV-2 virus. Various product types include liquids, wipes, and sprays that contain ethanol, hydrogen peroxide, sodium hypochlorite, chlorhexidine gluconate, and other antimicrobial agents. The Global Surface Disinfectant Market Size is estimated to be valued at US$ 10.5 billion in 2023 and is expected to exhibit a CAGR of 18% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Increasing demand due to COVID-19 pandemic: The COVID-19 outbreak has increased awareness about the importance of disinfecting surfaces to prevent disease transmission. Heightened hygiene practices and precautionary measures undertaken globally are propelling market revenue growth. Frequent disinfection of public places, workstations, transportation, and other high traffic areas is being emphasized to curb coronavirus spread. This factor is expected to remain a key market driver over the forecast period.
Expanding product applications: Rising product adoption beyond healthcare settings into industries like hospitality, food processing, schools & offices is opening new revenue channels for market players. Innovative product formulations suitable for different surfaces along with growing acceptance of disinfectant-incorporated products like soaps, detergents, clothes, etc. are extending market reach. Focus on developing multi-purpose disinfectants for efficient management of infections is further stimulating market demand.
Segment Analysis
The global surface disinfectant market is dominated by the formulation segment, which accounted for more than 60% share of the overall market in 2021. Formulations include liquids, sprays, and wipes, which provide easy application and quick drying benefits. The liquids sub-segment currently leads the formulation segment, owing to its widespread adoption in hospitals, clinics, and other commercial buildings. Liquids offer effective disinfecting capabilities and are cost-effective compared to other forms.
PEST Analysis
Political: Regulations regarding infection control and hygiene standards in healthcare facilities along with recent outbreaks have increased the importance of disinfection. Many countries have made appropriate disinfection mandatory in public areas.
Economic: The economic impact of the COVID-19 pandemic has driven increased spending on disinfection products to curb hospital acquired infections and prevent the spread of disease. Bulk procurement by governments and companies also boost the market growth.
Social: The increased health awareness among the public regarding the role of surface disinfection in breaking the infection chain is a major factor fueling the demand. Social distancing norms have further reinforced hygiene-related practices.
Technological: Advancements in formulation technologies have facilitated the development of disinfectants with improved shelf-life, shortened drying time, and multi-purpose usability against a wide range of pathogens.
Key Takeaways
The global surface disinfectant market is expected to witness high growth over the forecast period driven by the COVID-19 pandemic.
Regional analysis: North America is anticipated to maintain its leading position in the global market during the forecast period. Strict infection control protocols established by regulatory bodies have boosted the demand in this region. Additionally, early outbreak of pandemic and continuous upgradation of healthcare facilities support the surface disinfectants market growth.
Key players operating in the surface disinfectant market are 3M, Reckitt Benckiser Group PLC, The Clorox Company, Ecolab, Johnson & Johnson, Kimberly-Clark, SC Johnson Professional, Diversey Inc., CleanWell LLC, and Whiteley Corporation. The introduced guidelines for advanced hygiene have encouraged manufacturers to innovate and develop novel formulations with improved cleaning capabilities.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
