Surface Disinfectant Market worth $4.2 billion by 2028

Surface Disinfectant Market in terms of revenue was estimated to be worth $2.6 billion in 2023 and is poised to reach $4.2 billion by 2028, growing at a CAGR of 9.4% from 2023 to 2028 according to a new report by MarketsandMarkets. The players operating the surface disinfectant market are enjoying favorable opportunities due to increased demand for infection control measures aimed at reducing hospital acquired infections, an increase in use of more advanced surface disinfectants and greater awareness regarding sanitation and hygiene after COVID 19 has spread.

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The alcohol segment accounted for the largest share of the surface disinfectant market, by composition segment, in 2022

Based on composition, the surface disinfectants market is segmented into alcohol, chlorine compounds, quaternary ammonium compounds, hydrogen peroxide, peracetic acid, and other compositions. The ability of alcohol-based disinfectants to efficiently kill germs and evaporate immediately and the increased demand patterns for domestic and hospital-grade disinfectants due to the spread of viral diseases are expected to boost the growth of this market segment.

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

Based on type, the surface disinfectants market is distributed into liquids, wipes, and sprays. In 2022, the liquid segment accounted for the highest market share of the surface disinfectant market. The large share of this segment is mainly driven by the wide use of liquid disinfectants for infection control of hospital-acquired infections and corresponding low cost compared to sprays and wipes.

The surface disinfection segment accounted for the largest share of the surface disinfectant market, by application segment, in 2022

Based on application, the surface disinfectants market is segmented into surface disinfection, instrument disinfection, and other applications. In 2022, the large share of this application segment is mainly due to hospital acquired infections and other chronic infections which require surface disinfection on daily basis as they contain contagious elements.

The hospital settings segment accounted for the largest share of the surface disinfectant market, by end-user segment, in 2022

Based on end users, hospital settings, diagnostic laboratories, pharmaceutical & biotechnology companies, and research laboratories. In 2022, hospital settings held for a largest share of the surface disinfectant market owing to the high prevalence of HAI's due to increased hospitalization, thereby continuous demand of disinfectants in hospitals settings.

North America is the largest regional market for surface disinfectant market

The global surface disinfectant 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 surface disinfectant market in 2022. The large share of North America in this market is due to high demand of surface disinfectants, rising healthcare spending, hygiene and health-related awareness, and increased R&D activities across surface disinfectant formulators.

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Key Market Players of Surface Disinfectant Industry:

The major players operating in this market are 3M (US), Procter & Gamble (US), Reckitt Benckiser Group Plc (UK), Ecolab (US), STERIS (US), The Clorox Company (US), SC Johnson Professional (US), CarrollCLEAN (US), PAUL HARTMANN AG (Germany), Sanosil AG (Switzerland), Metrex Research, LLC (US), Whiteley Corporation (Australia), GOJO Industries, Inc. (US), Acuro Organics Limited (India), Pharmax Pharmaceuticals FZ-LLC (Canada), PDI, Inc. (US), Becto, Inc. (US), GESCO Healthcare Pvt. Ltd. (India), MEDALKAN (Greece), Ruhof (US), Cetylite, Inc. (US), Micro-Scientific, LLC (US), Pal International (UK), Brulin Holding Company, Inc. (US), and CareNow Medical Private Limited (India).

Breakdown of supply-side primary interviews, by company type, designation, and region:

By Company Type: Tier 1 (40%), Tier 2 (30%), and Tier 3 (30%)
By Designation: C-level (27%), Director-level (18%), and Others (55%)
By Region: North America (51%), Europe (21%), Asia- Pacific (18%), Latin America (6%), and Middle East & Africa(4%)

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Surface Disinfectant Market - Report Highlights:

Recession Impact Analysis: The new report includes an analysis of the impact of recession on the surface disinfectant the market overview section.

Newer and improved representation of financial information: The report provides financial information till 2022 (depending on the availability) for each listed company in a graphical representation in a single diagram (instead of multiple tables). This will allow for the easy analysis of the present status of profiled companies in terms of their financial strength, profitability, key revenue-generating country/region, and business segment focus in terms of the highest revenue-generating segment.

Recent Market Developments: Recent developments are helpful to know the market trend and growth strategies adopted by players in the market. The report provides the updated developments in terms of acquisitions, agreements, expansions, and agreements/collaboration etc.

Latest Product portfolio: The report provides an updated product portfolio of the companies profiled in the report.
Competitive leadership mapping: The competitive landscape chapter has been updated with the market evaluation matrix. The competitive landscape includes the market share analysis for 2022, updated competitive leadership mapping, and competitive situation & trends. The report has added the vendor dive matrix, covering a comprehensive study of the key vendors. Competitive leadership mapping has also been done for start-ups/SMEs.

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