According to a report, “Surface Disinfectant Market Size, Share & Trends Analysis Report By Composition (Chemical, Bio-based), By Form (Liquid, Sprays), By End-use (Households, Commercial), By Application, By Region, And Segment Forecasts, 2020 - 2027”, published by Grand View Research, Inc.,The global surface disinfectant market size is expected to reach USD 5.4 billion by 2027 registering a CAGR of 6.0%, as per a new report by Grand View Research Inc. Growing awareness regarding preventive healthcare and hygiene is likely to be the prime factor driving the market. Furthermore, the recent outbreak of COVID-19 will drive the demand for surface disinfectants.
Product demand is likely to be prominent in the industrial and institutional sectors, which includes hospitals, clinics, food processing industries, aquaculture, and meat processing industries among others. Growing incidences of bacterial and viral infections have led to the mandatory implementation of certain infection control practices, including the periodic application of surface disinfectants. In addition, rising awareness regarding health, disease spreads, and proper hygiene has propelled the product demand in domestic and residential applications as well.
Developing countries project lucrative opportunities for market growth due to government initiatives, such as the ‘Swachh Bharat Mission’ of India. Moreover, rising product demand in the healthcare sector due to the Covid-19 pandemic is likely to augment the market growth. The demand has increased sharply from prominent economies, such as China, Italy, India, U.K., France, U.S., and Iran, which are some of the worst-hit economies due to the virus.
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Growing adoption of novel and advanced technologies by major manufacturers for the production of disinfectants with enhanced effectiveness is witnessed as a major market trend. Rising consumer preference for bio-based products due to increased awareness about the adverse effects of chemical/synthetic-based disinfectants will also boost market growth. However, trade halt, industrial shutdowns, and lockdowns across all major cities due to the pandemic are expected to disrupt the supply chain.
Surface Disinfectant Market Report Highlights
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Commercial end-use segment is expected to account for the largest revenue share of the global market by 2027
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Alcohol-based and liquid products are likely to witness a prominent growth owing to growing application in sanitizers
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Bio-based composition segment is projected to witness the fastest CAGR from 2020 to 2027 due to growing consumer awareness regarding the adverse effects of chemical-based products
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North America accounted for the largest revenue share in 2019 and will retain the dominant position throughout the forecast years. However, APAC is estimated to register the fastest CAGR from 2020 to 2027
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Strategic alliances by major companies with research institutions likely to be witnessed more during the forecast period to enhance product innovation capabilities
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End-use Insights
The commercial segment accounted for the largest revenue share of over 59% in 2019 and will expand further at a steady CAGR from 2020 to 2027. This growth can be attributed to extensive product usage in various commercial spaces, such as hotels, offices, and educational institutions. 3M and Ecolab are some of the prominent manufacturers of commercial-grade surface disinfectants in the global market.
However, the households segment is estimated to witness the fastest growth rate over the forecast period. The majority of the product is used for hard surface cleaning. A key factor contributing to the segment growth includes the rising demand for highly effective, less labor-intensive, and ecofriendly products.
Surface Disinfectant Market Segmentation
Grand View Research has segmented the global surface disinfectant market on the basis of composition, form, application, end-use, and region:
Surface Disinfectant Composition Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
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Chemical
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Alcohols
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Ammonium Compounds
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Oxidizing Agents
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Phenolics
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Aldehydes
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Others
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Bio-based
Surface Disinfectant Form Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
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Liquids
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Wipes
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Sprays
Surface Disinfectant Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
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In-house Surfaces
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Instruments
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Others
Surface Disinfectant End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
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Hospitals
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Laboratories
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Households
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Industrial
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Commercial
Surface Disinfectant Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)
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North America
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U.S.
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Canada
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Europe
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Germany
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U.K.
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France
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Asia Pacific
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China
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India
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Japan
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Central & South America
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Brazil
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Mexico
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Middle East & Africa
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GCC
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South Africa
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List of Key Players of Surface Disinfectant Market
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BASF SE
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Evonik Industries AG
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The 3M Company
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Kimberly-Clark Corp. (KCWW)
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Ecolab
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Procter & Gamble
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Reckitt Benckiser Group plc.
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The Clorox Company
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Medline Industries, Inc.
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Whiteley Corp.
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Lonza
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SC Johnson Professional
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