According to Custom Market Insights (CMI), The Global Surface Disinfectant Market size was estimated at USD 3 billion in 2021 and is anticipated to reach around USD 6 billion by 2030, growing at a CAGR of roughly 8% between 2022 and 2030.
Our research report offers a 360-degree view of the Surface Disinfectant market’s drivers and restraints, coupled with their impact on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Surface Disinfectant market.
Surface Disinfectant Market: Overview
The increase in the demand for disinfectants used on livestock farms is one reason for the expansion, along with changes in lifestyle in emerging nations’ economies and livestock farmers’ awareness of animal diseases. Due to the COVID-19 epidemic, which caused numerous industrial centers and factories to close globally, there has been a significant decrease in demand for raw materials and active chemicals. In addition, there has been a mismatch between supply and demand due to several factories operating at lower capacity or possibly shutting down. However, an increase in the need for cleaning supplies, sanitizers, and disinfectants is anticipated to benefit market expansion.
Browse the full “Surface Disinfectant Market Size, Trends and Insights By Composition (Chemical, Bio-based), By Type (Liquid, Wipes, Sprays), By End-user (Hospitals, Laboratories, Households, Hospitality, Airports, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030 “ report at https://www.custommarketinsights.com/report/surface-disinfectant-market/
The by-products of the petroleum industry make up most of the raw materials used to manufacture surface disinfectants. These natural ingredients are generally sourced locally by firms in China, North America, and the developed economies of Europe. The industry has recently noticed a movement in the employment of biodegradable surface cleaners to reduce toxicity caused by chemicals. Biodegradable surface disinfectants can be made from less expensive, more readily available raw ingredients. As a result, surface disinfectants have seen a small to moderate price increase; nevertheless, the COVID-19 pandemic’s unexpected increase in demand has led to supply constraints, which have further increased prices in 2020 and may continue at least into the first half of 2021.
The regulatory standards for disinfection in commercial, industrial, and institutional environments are stringent, increasing demand for the product. Disinfectants for surfaces contain a variety of chemicals that, when used by instructions, produce beautiful results. They aid in stopping the spread of certain diseases and their incidence. These, however, might be dangerous to both people and animals, and they might even cause environmental issues. Lack of information regarding the safe use of surface disinfectants and the health risks of these products may represent a challenge to market expansion.
The market for Surface Disinfectants is segmented into composition, type, and end-users. With a significant revenue share of over 91.5% in 2021, the chemical composition segment led the global market and is anticipated to remain the leading segment over the coming years. Hydrogen peroxide is increasingly used in businesses like the food packaging industry and hospitals to disinfect diverse surfaces. Additionally, the growing use of alcohols and quaternary ammonium compounds is predicted to positively affect market expansion. Oxidizing and non-oxidizing chemical surface disinfectants are the two main categories. Aldehydes, alcohol, quaternary ammonium compounds, and amphoteric phenolics are examples of non-oxidizing disinfectants (QACs).
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With a revenue share of more than 30% in the world market in 2021, North America dominated it. Many regulatory agencies, including the U.S. Environmental Protection Agency and Health Canada, have approved using these disinfection products in their respective nations. The market expansion in North America over the past several years has been driven by the constantly changing legislation, healthcare spending, awareness of health & hygiene, and increased R&D activity amongst surface disinfectant producers, raw material suppliers, and end-users. In Europe, the market has seen a rise in demand due to the COVID-19 pandemic. Several international corporations are consistently growing their presence in the region by establishing several production and manufacturing sites to fulfill the rising request and supply the local healthcare institutions.
Key Players Insights
Due to the existence of many multinationals competing to meet the high demand from a sizable base of end-users and consumers, the market’s competitive landscape is highly fragmented. Important businesses are using new marketing strategies and cutting-edge technologies to expand their customer base.
- PDI Inc.
- M. Barr
- GOJO Industries Inc.
- Spartan Chemical Company Inc.
- W. Grainger Inc.
- Reckitt Benckiser Group PLC
- PaxChem Ltd.
- Star Brands Ltd.
- BODE Chemie GmbH
- The 3M Company
- The Clorox Company
- Procter & Gamble
- Whiteley Corp.
- BASF SE
- SC Johnson Professional
- Evonik Industries AG
- Medline Industries Inc.
- Kimberley-Clark Corporation (KCWW)
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