Surface Disinfectants Market to grow up to USD 6.5 billion by 2031, at a CAGR of 9.2%

New York, The Global Surface Disinfectants Market was valued at USD 2.7 billion in 2021 and it is anticipated to grow up to USD 6.5 billion by 2031, at a CAGR of 9.2% during the forecast period.

Global Surface Disinfectants Market report from Global Insight Services is the single authoritative source of intelligence on Surface Disinfectants Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Surface disinfectants are substances that inhibit the growth of microorganisms, such as bacteria, present on the surface. They also play an important role to prevent infection. As the rate of infectious diseases increases globally, the market for surface disinfectants grows rapidly. They help to kill germs on floor, tiles, washroom, furniture, and other surfaces. The demand for the product is more in hospitals and clinics where cleanliness and sanitation are essential.

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Market Trends and Drivers
Rising number of stringent regulations for the use of surface disinfectants will positively impact the market growth. The increase in number of stringent regulations focus on the development of suitable policies for housekeeping services, which puts a premium on good housekeeping and sanitation. Thus, due to such regulatory guidelines, there will be improvement in the regular usage of surface disinfectants across healthcare settings. Moreover, increasing healthcare expenditure and focus in emerging economies will augment the overall industry expansion.

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Global Surface Disinfectants Market by Form

Based on form, it is segmented into wipes, liquid, and spray. The liquid segment is likely to dominate the market during the forecast period. High availability and ease of application should fuel the demand for liquid form of surface disinfectants. Liquid surface disinfectants are extensively used in large quantities in the healthcare, hospitality, and food & beverage sector as they are easily available in the market and are easy to use. Moreover, the availability of liquid surface disinfectant products with pleasant and refreshing fragrances has accelerated the product demand from residential end-users, which is likely to further propel the growth of the surface disinfectant market over the forecast period.

Global Surface Disinfectants Market by Distribution Channel

Based on distribution channel, it is segmented into online and offline. The online segment is likely to dominate the market during the forecast period. Rising preference for online shopping is propelling the sale of surface disinfectants through online distribution channel. The rapidly changing lifestyle of consumers due to urbanization has changed consumer shopping behavior across the globe. Rapid internet penetration in developing countries such as China, India, Brazil, and Argentina have increased the rate of online shopping which should accelerate the sale of surface disinfectants through the online distribution channel. The conveniences of cash-on-delivery and favorable discounts offered by the online stores are attracting customers globally to purchase surface disinfectants through online stores. Moreover, online shopping has increased due to the high convenience factor and the busy lifestyle of the consumers. This has further increased the sale of surface disinfectants through online distribution channel.

Global Surface Disinfectants Market by End-use

Based on end-use, it is segmented into healthcare, hospitality, food & beverage, and residential. The healthcare segment is likely to dominate the market during the forecast period. The COVID-19 outbreak has significantly increased the demand for surface disinfectants from the healthcare sector across the globe to provide protection in healthcare facilities and safeguard medical personnel from direct exposure to the virus. Increasing cases of COVID-19 and rapid growth in the healthcare sector across developing countries such as China and India have led to increasing demand for high-quality surface disinfectant products.

Geographical Analysis of Global Surface Disinfectants Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The North American region is accounted for the majority of market share during the forecast period. Rising health and hygiene awareness among the consumers amidst the COVID-19 pandemic along with high healthcare spending are the major factors attributing to the business growth in North America. Also, the product demand is likely to soar over the projected timeframe owing to concerns related to infections & diseases and rising focus of the government in the U.S. and Canada to keep the environment clean. Developed healthcare infrastructure and well-established food & beverage and hospitality sector in the region offer a lucrative growth opportunity for the surface disinfectant market over the forecast period.

Major Players in the Global Surface Disinfectants Market
The key players in the market are 3M (US), Procter and Gamble (US), Reckitt Benckiser Group PLC (UK), Ecolab (US), Steris (US), The Clorox Company (US), Diversey Holdings LTD. (US), CarrollCLEAN (US), PAUL HARTMANN AG (Germany), Rossari Biotech Ltd and among others

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