Surface Disinfectant Market is Expected to Reach $4.3 billion | 3M (US), Procter & Gamble (US), Reckitt Benckiser Group PLC (UK), Ecolab (US), Steris (US), The Clorox Company (US), Diversey Holdings LTD. (US)

The surface disinfectant industry is expected to experience significant growth in the near future. The demand for surface disinfectants is driven by the increasing awareness of the importance of hygiene and sanitation in both commercial and residential settings. Additionally, the rise in outbreaks of infectious diseases, such as COVID-19, is driving the need for surface disinfectants to reduce the spread of germs and viruses. Furthermore, the rise in consumer spending, increased use of technology, and the development of new products are contributing to the growth of the industry. Manufacturers are expected to focus on product innovation and providing convenient packaging options to meet the needs of various user groups. The growth of the industry is further expected to be driven by the increasing number of regulations and certifications for the production and sale of surface disinfectants.

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Surface Disinfectant market in terms of revenue was estimated to be worth $2.9 billion in 2021 and is poised to reach $4.3 billion by 2026, growing at a CAGR of 8.4% from 2021 to 2026 according to a latest report published by MarketsandMarkets™. Growth of this market is attributed to the increasing use of LIMS to comply with stringent regulatory requirements, rising need for the adoption of LIMS, technological advancements in LIMS offerings, increasing R&D expenditure in different industries, and growing adoption of cloud-based LIMS.

The companies have a large market spread across various countries in North America, Europe, Asia Pacific, and the Rest of the World.

The Rising number of stringent regulations for the use of surface disinfectants, rising demand for infection control measures to curb the occurrence of hospital-acquired infections, increasing use of newer surface disinfectants for sanitization and growing awareness of sanitization and hygiene due spread of COVID-19 are providing lucrative opportunities for the players operating in the market.

The alcohol segment accounted for the largest share of the surface disinfectant market, by composition segment, in 202

Based on composition, the surface disinfectants market is segmented into alcohol, chlorine compounds, quaternary ammonium compounds, hydrogen peroxide, peracetic acid, and other compositions. The alcohol segment accounted for the largest share of the market, mainly due to rising number of stringent regulations for the use of surface disinfectants and growing awareness of sanitization and hygiene due spread of COVID-19.

Liquid segment to register the highest growth rate during the forecast period

Based on type, the surface disinfectants market is segmented into liquids, wipes, and sprays. In 2020, the liquid segment accounted for the highest growth rate of the market. The large share of this segment can mainly be attributed to the rising demand for infection control measures to curb the occurrence of hospital-acquired infections and rising number of stringent regulations for the use of surface disinfectants.

The surface disinfection segment accounted for the largest share of the surface disinfectant market, by application segment, in 2020

Based on application, the market is segmented into surface disinfection, instrument disinfection, and other applications. In 2020, surface disinfection accounted for a larger share of the market, mainly due to the rising demand for infection control measures to curb the occurrence of hospital-acquired infections and growing awareness of sanitization and hygiene due spread of COVID-19.

The hospital settings segment accounted for the largest share of the market, by end-user segment, in 2020

Based on end users, hospital settings, diagnostic laboratories, pharmaceutical & biotechnology companies, and research laboratories. In 2020, hospital settings accounted for a larger share of the surface disinfectant market, mainly due to the rising number of stringent regulations for the use of surface disinfectants and growing awareness of sanitization and hygiene due spread of COVID-19.

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North America is the largest regional market for surface disinfectant market

The global market is segmented into five major regions-North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest regional market for market in 2020. The large share of North America in this market can be attributed to the rising demand for infection control measures to curb the occurrence of hospital-acquired infections and growing awareness of sanitization and hygiene due spread of COVID-19.

The major players operating in this surface disinfectant market are 3M (US), Procter & Gamble (US), Reckitt Benckiser Group PLC (UK), Ecolab (US), Steris (US), The Clorox Company (US), Diversey Holdings LTD. (US), Cantel Medical (US), CarrollCLEAN (US), PAUL HARTMANN AG (Germany), Metrex Research, LLC. (US), Whiteley (Australia), Medline Industries, Inc. (US), GOJO Industries, Inc. (US), Pharmax Pharmaceuticals FZ-LLC (Canada), PDI, Inc. (US), Becto, Inc. (US), GESCO Healthcare Pvt. Ltd. (India), MEDALKAN (Greece), Ruhof (US), Contec, Inc. (US), Cetylite, Inc. (US), Micro-Scientific, LLC (US), Pal International (UK), Brulin Holding Company, Inc. (US).

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