Global Surface Disinfectant Market is expected to reach revenue of US$10 Bn by 2028: Ken Research

Global Surface Disinfectant Market By End-User

The Global Surface Disinfectant market is segmented by End-User into Hospital & Clinics, Households, Laboratories, Hotel/Restaurants/Cafes, Educational Institutes and Others. The Hospital & Clinics segment is estimated to account for the largest market share in the global surface disinfectant market during the forecast period due to their vulnerability to infections caused by viruses, bacteria, and fungi. As per the Centers for Disease Control report, published in 2018, healthcare-associated infections (HAI) cause about 1.7 million infections and 99,000 related deaths every year in America.

Global Surface Disinfectant Market By Geography

The Global Surface Disinfectant market is segmented by geography into North America, Europe, Asia- pacific and LAMEA. North America accounted for the largest market share in 2022 among all regions within the total global surface disinfectant market.

The increasing healthcare expenditure in North America and an increase in the number of temporary hospitals are some of the major factors boosting the demand of surface disinfectants in North America. Countries like India and China in the Asia Pacific region have a larger population, with a higher level of health and hygiene awareness and this will lead to higher growth of the surface disinfectant market in these regions.

According to Global Cancer Observatory data (2020) the estimated prevalent cases of cancer all over the globe in 2020 accounted for 19,292,789. Out of which Asia had 9,503,710 of the total prevalent cases, Europe accounted for 4,398,443, North America had 2,556,862, Latin America and the Caribbean had 1,470,274, and Africa accounted for 1,109,209 of the total prevalent cases. The increase in the prevalence of cancer is expected to increase the number of surgeries, and thus is expected to increase the demand for surfactant disinfectants across healthcare settings.

Competition Scenario In Global Surface Disinfectant Market

The Global Surface Disinfectant market is highly competitive with ~250 players which include globally diversified players, regional players as well as a large number of country-niche players. Large global players control highest share of the market in terms of revenue, while regional players hold the second largest share. Some of the major players in the market include Reckitt Benckiser Group PLC, The 3M Company, SC Johnson Professional, Procter and Gamble, Evonik Corporation, Unilever, The Clorox Company, Ecolab, Kimberley-Clark Corporation, Medline Industries, Inc., Diversey, Inc., Zep Inc. and among others.

The leading global companies such as Reckitt Benckiser Group PLC, The 3M Company, SC Johnson Professional, and Procter and Gamble are highly focused on providing a significant number of chemical-based surface disinfectant products that can be used across the globe by healthcare industries, households, and industrial users.

What Is the Expected Future Outlook for The Overall Global Surface Disinfectant Market Across the Globe?

The Global Surface Disinfectant market was valued at USD ~billion in 2022 and is anticipated to reach USD ~billion by the end of 2028F, witnessing a CAGR of ~% during the forecast period 2022-2028F. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

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The Global Surface Disinfectant market is driven by the growing incidences of healthcare-associated infections, growing demand from non-healthcare industries, health clubs & gyms, and the outbreak of Covid-19. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing mergers and acquisitions, the Global Surface Disinfectant market is changing rapidly. For instance, In May 2020, Ecolab (US) acquired Holchem Group to strengthen its hygiene and cleaning products and services portfolio for the food & beverage, food service, and hospitality industries.

Furthermore, In April 2021, Unilever partnered with LanzaTech and India Glycols to produce a surfactant made from industrial carbon emissions instead of fossil fuels. Additionally, in March 2021, BASF signed a partnership agreement with Allied Carbon Solutions Co., Ltd. (ACS) Japan to strengthen its global position in bio-based surfactants and actives. In 2019, Ecolab Inc., acquired the business of privately held Chemstar Corporation, a U.S.-based supplier of food safety and cleaning and sanitizing solutions focused on the grocery and food retail markets.

The Global Surface Disinfectant market is forecasted to continue an exponential growth that is witnessed since 2020, which is primarily driven by growing incidences of healthcare-associated infections, increasing product demand from non-healthcare Industries, outbreaks of infectious diseases like Covid-19. Though the market is highly competitive with ~250 participants, few global players control the dominant share and regional players also hold a significant share.

Market Taxonomy

By Composition Type

Chemical Based
Biobased

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By Form

Liquid
Wipes
Spray

By Application Type

In-house Surfaces
Instrument Disinfection
Others

By End-user

Hospital & Clinics
Households
Laboratories
Hotel/Restaurants/Cafes
Educational Institutes
Others

By Region

North America
USA
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest Of Europe
Asia Pacific
China
Japan
India
South Korea
Indonesia Rest of Asia Pacific
LAMEA
Latin America
Middle East
Africa

For more insights on the market intelligence, refer to below link:-

https://www.kenresearch.com/business-research/global-surface-disinfectant-market-size-segments-outlook-2028/

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Ken Research is a Market Research and Consulting Firm, based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

This release was published on openPR.