Global Surface Disinfectant market will reach USD 1.29 Billion by 2025

The global surface disinfectant market was valued at USD 770.6 million in the year 2019 and is estimated to reach USD 840.72 million by the year 2020.

It is expected to grow at the CAGR of 9.1% within the time horizon of 2020-2025 because of the increasing number of hospital-related infections, growth in the prevalence of the chronic diseases, and increasing number of surgical procedures.

Its market value will reach USD 1299.5 million by the end of the year 2025.

Definition / Scope
Market Overview
Market Risks
Top Market Opportunities
Market Trends
Industry Challenges
Technology Trends
Pricing Trends
Regulatory Trends
Market Size and Forecast
Market Outlook
Technology Roadmap
Distribution Chain Analysis
Competitive Factors
Key Market Players
Strategic Conclusion
References
Appendix

Definition / Scope

Disinfectants are the chemical substances that are applied on the surfaces to inactivate and destroy microorganisms such as viruses, bacteria, fungi, etc. These substances are applied frequently in the floors, walls, and countertops of the industrial, institutional, commercial, and residential sectors.

It helps to prevent the transmission and occurrence of infectious diseases either by destroying the cell wall of the microorganism or interfere with their metabolism. It can be either in the form of the liquid or wipes produced from natural or synthetic substances.

Based on the type of composition, the global surface disinfectant market consists of alcohol, quaternary ammonium, hydrogen peroxide, chlorine compounds, peracetic acid, and others. Based on the end-use, its market consists of industrial & institutional, commercial, and residential sectors.

Market Overview

The market size of the total global surface disinfectant market is valued at USD 770.6 million in the year 2019 and is expected to reach USD 840.72 million by the year 2020.

Its market size is expected to grow at a CAGR of 9.1% within the forecasted time horizon of 2020-2025. Its market value will reach USD 1299.5 million by the end of the year 2025.

Based on geography, the North American region is leading the market with a market share of 31% of the total global surface disinfectant market because of the increasing governmental stringent laws for the maintenance of proper sanitation and hygiene at public places. The market size of this region is valued at USD 238.89 million in the year 2019.

Based on the source of disinfectant, the chemical-based surface disinfectants are leading the market with a market share of almost 91% of the total global surface disinfectant market because of its cheaper price and high demand from food processing and healthcare industries.

The market size of this segment is valued at USD 701.25 million in the year 2019. Based on the type of form, the liquid form segment is leading the market with a market share of 60% of the total global surface disinfectant market because of its ability to effectively control the spread of infection.

The market size of this segment is valued at USD 462.36 million in the year 2019. Based on the composition of the surface disinfectant, the alcohol segment is leading the market with a market share of almost 31.58% of the total global surface disinfectant market. The market size of this segment is valued at 243.35 million in the year 2019.

As the end-users of this market are considered, the industrial & institutional market is leading the market with a market share of almost 68% of the total global surface disinfectant market. The market size of this segment is valued at USD 524.01 million in the year 2019.

The increasing number of hospital-related infections, growth in the prevalence of chronic diseases, and the increasing number of surgical procedures are the factors responsible for the growth and development of the global surface disinfectant market.

However, the harmful health and environmental effects associated with the use of the chemical disinfectants and increasing innovation for the development of alternative disinfection solutions might influence the growth and development of the global surface disinfectant market.

The key market engaged in the global surface disinfectant market is 3M, The Proctor & Gamble Company, Kimberley-Clark Corporation, SC Johnson Professional, The Clorox Company, Ecolab, and Metrex Research.

Market Risks

Harmful effects of disinfectants

Some of the chemicals such as acetic acid, peroxides, hypochlorite, used as disinfectants are supposed to cause a range of harmful effects for human health. These chemicals have the potential to cause cancer, reproductive disorders, respiratory issues, skin irritation, central nervous system impairment, and other health disorders.

A study conducted by Megan L. Casey and colleagues among the staff working at a large multispecialty hospital has revealed the association of the disinfectant product with mucous membrane and respiratory health effects.

Along with this, their use often causes the poor air quality and ultimately leads to environmental pollution. The harmful effects of the use of disinfectants in the human health and environment might create the risk for the growth and development of the global surface disinfectant market.

Top Market Opportunities

Increasing number of surgical procedures

Globally, the number of surgical procedures is in increasing trend. More than 234 million surgeries are conducted every year. Within the ten years, the rate of the surgical procedures conducted in the ambulatory surgery centers has been increased by almost 300%.

The chances of getting infections after surgery range from almost 1% to 3%. The most common cause of the infections is due to the contact of the patient to either instruments or air contaminated with microorganisms such as Staphylococcus, Streptococcus, Pseudomonas, etc.

It can be prevented through the use of the disinfectants in the hospitals’ surfaces, instruments, and others. So, the rising number of surgical procedures can increase the demand for cleaning and disinfecting the surgical instruments to prevent surgery-related infections, which will ultimately create a significant environment for the growth and development of the global surface disinfectant market.

Awareness about the safe use of disinfectants

The level of awareness about the safe use of the disinfectants and sanitation practices is rising among the consumers and health care workers globally. For instance, a study conducted among the dental practitioners by Ashish R Jain and N.Q.B.A. Fauzi has revealed that almost 65% of the study participants are aware of the main importance of the disinfectant for the prevention of the cross-contamination.

Along with this, in a study conducted among the consumers in the United States, almost 51% of the study participants have reported that they are aware of the procedure and practices to clean and disinfect their households safely.

The increasing level of awareness about the safe use of the global surface disinfectant market will create a significant environment for the growth and development of the global surface disinfectant market.

Market Trends

Increasing prevalence of hospital-acquired infections

The prevalence and incidences of hospital-acquired infections are in the increasing trend globally. Most commonly, hospital-acquired infections are ventilator-associated pneumonia, catheter-associated infections, surgical site infection, and other infections.

For instance, the longitudinal study conducted among the patients admitted in the tertiary hospitals by Solomon Ali and colleagues in Ethiopia has found that the incidence of the hospital-acquired infection was almost 28.15 per 1000 patient days.

In the context of the US, almost two million healthcare-associated infections, and almost 100,000 deaths occurred every year.

Here, within three years, almost 250 patients are infected with antibiotic-resistant bacteria after undergoing endoscopic procedures. The rising prevalence of hospital-acquired infections is driving the growth and development of the global surface disinfectant market.

Existing COVID-19 disease outbreak and rising prevalence of chronic diseases

Globally, almost one in three adults has multiple chronic diseases. The prevalence and incidence of chronic illnesses such as diabetes, cancers, are in increasing trend.

According to the World Health Organization, the prevalence of chronic diseases is expected to increase by 57% by the end of the year 2020. It has been estimated that chronic diseases will account for about 75% of total global deaths. Along with this, the pandemic outbreak of COVID-19 diseases has occurred with almost 9.928,038 coronavirus cases and almost 497,365 deaths till 27^th June 2020.

The daily new cases of coronavirus been increased from almost 77532 cases from April 1^st, 2020 to 194190 cases on 26^th June 2020. Here, the sanitation and cleanliness measures are the most important preventive measures for the management of COVID-19 diseases.

Thus, the existing pandemic outbreak of the COVID-19 disease and rising prevalence of chronic illnesses is surging the growth and development of the global surface disinfectant market.

Growing market of the UV light disinfection

The use of the Ultraviolent disinfection is increasing as the substitute to the surface disinfectant chemicals. The market for the global UV light disinfection is valued at 1200 million in the year 2019.

Its market value is expected to grow at the CAGR of 3.9% within the forecasted time horizon of 2020-2025 and will reach USD 1,510 million by the year 2024 because of its easy installation procedures and low environmental impacts associated with its use in comparison to the use of the disinfectant chemicals.

Along with this, the market for the global ultraviolet disinfection equipment market is expected to grow at a CAGR of 23.6% within the forecasted time horizon of 2020-2025.

The growing global market for the UV light disinfection might restrain the growth and development of the global surface disinfectant market.

Industry Challenges

Increasing innovation in the alternative technologies for the disinfection

The adoption of advanced science and technology is rising the development and testing of the alternative technologies used for surface disinfection. Here, the major technological alternatives are electrolyzed water, cold atmospheric pressure plasma, cold air atmospheric plasma, vaporized hydrogen peroxide, pulsed xenon UV light systems, etc.

The development of these alternative solutions is creating the challenge for the use and growth of the use of the conventional method of surface disinfection including the use of the surface disinfectant chemicals.

Technology Trends

Advancement in science and technology is creating significant opportunities for the development of alternative technologies as the substitute to the conventional method of surface disinfection because of the rising concern towards the environmental and health effects associated with the use of the surface disinfectant chemicals.

Some of the major alternative disinfection methods are UV light radiation disinfection, sterilization by ionizing radiation, vaporized hydrogen peroxide. Etc.

The development of these alternative technologies is negatively influencing the growth and development of the global surface disinfectant market.

Pricing Trends

The price of the surface disinfectant products depends upon the composition of the product, form, source of product, application, and quantity of the product.

For instance, the price of the liquid surface disinfectant is about USD 1.32 per liter while the price of the FYTE disinfectant spray is about USD 2.05 per piece.

The price of the Medipol 4500 ml Isopropyl rubbing alcohol is about USD 8.58 per can while the price of the Baccirub Chlorhexidine Gluconate and alcohol disinfectant is about USD 2.47 per pack.

Regulatory Trends

The regulations directly and indirectly related to the surface disinfectant market differ by country.

For instance, the surface disinfectant market is regulated by the Environmental Protection Agency in the United States, and the Department of Health Therapeutic Goods Administration is regulated by the Australian Government.

Some of the key regulations related to this market are discussed as follows:

Federal Insecticide, Fungicide, and Rodenticide Act: In the context of the United States, the chemical disinfectant is registered and regulated under this act. According to it, the manufacturers should submit their product chemistry, efficacy, and toxicity data before the registration and marketing of the product.

The standard for Disinfectants and Sanitary Products Order 2019: This order was developed by the government of Australia for the regulations of the disinfectants, sanitizers, sanitary fluids, and sanitary powders. It consists of standards related to the general, performance, and packaging requirements for disinfectants, sanitizers, and other chemical substances.

Market Size and Forecast

The market size of the total global surface disinfectant market is valued at USD 770.6 million in the year 2019 and is expected to reach USD 840.72 million by the year 2020.

Its market size is expected to grow at a CAGR of 9.1% within the forecasted time horizon of 2020-2025. Its market value will reach USD 1299.5 million by the end of the year 2025.

Based on the geography

The North American region is leading the market with a market share of 31% of the total global surface disinfectant market because of the increasing governmental stringent laws for the maintenance of proper sanitation and hygiene at public places. The market size of this region is valued at USD 238.89 million in the year 2019.
The European region accounts for a market share of almost 23% of the total global surface disinfectant market. The market size of this segment is valued at USD 177.24 million in the year 2019.
The Asian region accounts for a market share of almost 21% of the total global surface disinfectant market. The market size of this region is valued at USD 161.83 million in the year 2019.
The Latin American region accounts for a market share of almost 12% of the total global surface disinfectant market. The market size of this region is valued at USD 92.47 million in the year 2019.
The Middle East and African region account for a market share of almost 13% of the total global surface disinfectant market. The market size of this region is valued at USD 100.18 million in the year 2019.

Based on the source of disinfectant

The chemical-based surface disinfectants are leading the market with a market share of almost 91% of the total global surface disinfectant market because of its cheaper price and high demand from food processing and healthcare industries. The market size of this segment is valued at USD 701.25 million in the year 2019.
The bio-based surface disinfectant accounts for a market share of almost 9% of the total global surface disinfectant market. The market size of this segment is valued at USD 69.35 million in the year 2019.

Based on the type of form

The liquid form segment is leading the market with a market share of 60% of the total global surface disinfectant market because of its ability to effectively control the spread of infection. The market size of this segment is valued at USD 462.36 million in the year 2019.
The wipes segment is leading the market with a market share of almost 40% of the total global surface disinfectant market. The market size of this segment is valued at USD 308.24 million in the year 2019.

Based on the composition of the surface disinfectant

The alcohol segment is leading the market with a market share of almost 31.58% of the total global surface disinfectant market. The market size of this segment is valued at 243.35 million in the year 2019.
The quaternary ammonium segment accounts for a market share of almost 15.79% of the global surface disinfectant market. The market size of this segment is valued at USD 121.67 million in the year 2019.
The hydrogen peroxide segment account for a market share of almost 10.53% of the global surface disinfectant market. The market size of this segment is valued at USD 81.12 million in the year 2019.
The chlorine compounds segment accounts for a market share of almost 23.16% of the global surface disinfectant market. The market size of this segment is valued at USD 178.45 million in the year 2019.
The peracetic acid segment accounts for a market share of almost 10.53% of the global surface disinfectant market. The market size of this segment is valued at USD 81.12 million in the year 2019.

Based on the end-users

The industrial & institutional segment is leading the market with a market share of almost 68% of the total global surface disinfectant market. The market size of this segment is valued at USD 524.01 million in the year 2019.
The commercial segment accounts for a market share of almost 18.94% of the total global surface disinfectant market. The market size of this segment is valued at USD 145.99 million in the year 2019.
The residential segment accounts for a market share of almost 13.06% of the total global surface disinfectant market. The market size of this segment is valued at USD 100.61 million in the year 2019.

Market Outlook

The global surface disinfectant market is expected to grow at the CAGR of 9.1% within the forecasted period of 2020-2025 because of the increasing number of hospital-related infections, growth in the prevalence of chronic diseases, and increasing number of surgical procedures. Its market value will reach USD 1,299 million by the year 2025.

Technology Roadmap

The adoption of the new technological innovation solutions such as vaporized hydrogen peroxide, pulsed xenon UV light systems is the alternative surface disinfection solution that is substituting the use of the surface disinfectant chemicals.

The growing development and testing of alternative solutions for surface disinfection might restrain the growth and development of the global surface disinfectant market.

Distribution Chain Analysis

The key stakeholders involved in the operation of the global surface disinfectant market are product manufacturers, distributors, retail sales, and online retailers.

At first, the surface disinfectant is registered and approved under the governmental authorities. Then, the surface disinfectant is manufactured and distributed to the companies engaged in retail and online sales.

Competitive Factors

The key market players engaged in this global surface disinfectant market are competing for the launch of new products and are working in collaboration with other market players.

For instance, Diversey has launched a one-step cleaner, ready to use deodorizer and disinfectant called SureTouch. The Reckitt Benckiser has collaborated with Diversey to increase access to the surface disinfectant in hospitals, educational institutions, and others.

Key Market Players

Short profile of the key market players engaged in the global surface disinfectant market are discussed as follows:

3M: It is the US-based multinational company engaged in the sector of worker safety, health care, consumer goods, and industry. It produces more than 60,000 products and is operating in more than 70 countries. The revenue of this company is valued at USD 32.76 billion.

The Proctor & Gamble Company: It is the US-based consumer goods corporation engaged in the development of personal care and hygiene products. The revenue of this company is valued at USD 67.68 billion in the year 2019.

Kimberley-Clark Corporation: It is the multinational company which manufactures sanitary paper products and surgical & medical instruments with its headquarter in Texas, United States. The revenue of this company is valued at USD 18.5 billion.

The Clorox Company: It is the American global company engaged in the manufacture and marketing of the consumer and professional products with its headquarter in California, United States. The revenue of this company is valued at USD 6.2 billion in 2019.

Reckitt Benckiser: It is the UK based multinational company engaged in the production of health, hygiene, and home products. The revenue of this company is valued at USD 15.84 billion in the year 2019.

Whiteley Corporation: It is the leading global company engaged in the manufacture of hygiene, cleaning, and infection products with its headquarter in North Sydney, Australia.

Strategic Conclusion

The global surface disinfectant market is growing at a rate of 9.1% because of the increasing number of hospital-related infections, growth in the prevalence of chronic diseases, and the increasing number of surgical procedures.

References

Appendix

USD= United States Dollar
CAGR= Compound Annual Growth Rate