Surface Disinfectant Demand Globally

Surface disinfectant is the largest, multi-billion dollar industry with amplified growth opportunities linked to technical and innovation advances. However, technologies and technological developments do not always reach consumers due to the lack of clarification associated with the national health authorities. Disinfectants (also known as Biocides) are active substances or preparations containing one or more active substances introduced to an article in their final form and whose purpose is to kill, stop the growth, and make the activity of a pathogenic organism void by disrupting or damaging their cells through a biological or chemical process.

The surface disinfectants are easy to use, convenient, study and durable. The most common methods of disinfection adopted worldwide by the application of chemical compounds like Alcohols, Aldehydes, Phenolic and Chlorhexidine Gluconate-based compounds. Its market was valued $836.7 million in 2019 and is projected to reach a healthy growth rate of more than 8.40% over the forecast period of 2020-2025.

‘Major market for surface disinfectant production include: North America (US, Canada, Mexico), Europe (Germany, U.K., France, Italy, Russia), APAC (China, India, Japan) and South America (Brazil and Argentina).’

‘North America has been accounted for the largest market size primarily due to the high prevalence of HAIs, rising patient population (as a result of the growth in the ever rising population and rising history of chronic diseases), implementation of favorable government initiatives and stringent regulations on sterilization in US. Additionally, Asia-Pacific has also anticipated to exhibit highest growth rate over the forecast period.’

Factors such as population growth, increased government spending on public health and cleanliness, increased disposable income and increased customer perception of the need for cleanliness and hygiene creates lucrative growth prospects across Asia-pacific region.

‘High value segments of Surface Disinfectants market include Liquids, Wipes and Sprays. These are majorly used in Hospitals, Laboratories and In-House surfaces. Wipes market segment assures to rule the market with a higher CAGR due to its several advantages—zero water consumption, lesser chances of cross-contamination compared to liquids, and ease of use. The adoption is generally limited to developed nations only because of their high costs. Thereby, increasing awareness and the implementation of favorable regulations in emerging countries.’

The potential growth observed in this segment has not only seen in Medical sector but also greatly spotted in Household, Commercial, Food and Beverage and Industrial sector. Hospital disinfectant chemicals market is growing at fastest pace.

These prominent top manufacturers have substantially booted there production to meet the global demand which is increasing exponentially and have much more utility than assumed. Key Players include: STERIS Corporation, Reckitt Benckiser, Meterx, 3M, Cantel Medical Corp and Johnson & Johnson.

Most chemical disinfectants available in the market have no green certificate. Due to growing end-user population demanding a greener solution, manufacturers are now turning towards development of newer greener alternatives that are less-corrosive. This has led to growth in chemical disfectants market globally

The technologies are in different stages of development and testing and showing prominent results. Overall, depicting a boon to this ever-evolving market sector with the growth rate of 10.01% annually. This states that market has much more potential to grow in the forecast period to fulfill the rising demand.

North America is relied upon to represent the biggest portion of this market. The interest for surface disinfectants in North America is essentially determined by the high commonness of HAIs, rising patient populace (because of the development in the geriatric populace and rising pervasiveness of incessant maladies), usage of ideal government activities and rigid guidelines on cleansing and sanitization, nearness of a propelled medicinal services foundation in the US and Canada, and the acknowledgment of fresher arrangements of surface disinfectants

Sources:

Antiseptics and Disinfectants Market Report

Surface Disinfectant Market Report

Hospital Disinfectant Chemicals Market Report