Surface Disinfectant Industry Overview
The global surface disinfectant market size was valued at USD 5.1 billion in 2021 and is expected to reach USD 9.5 billion by 2030, registering a CAGR of 6.3% over the forecast period.
The growth is attributed to several factors, such as lifestyle changes in developing economies, rising awareness about animal diseases among livestock farmers, and increasing demand for disinfectants for use in livestock farms. There has been a significant decline in demand for raw materials and active ingredients due to the COVID-19 pandemic, which led to the closure of multiple production hubs and factories globally. Multiple plants have been running at reduced rates or even shut down, which resulted in a supply-demand gap. However, a rise in demand for cleaning products, sanitizers, and disinfectants is expected to have a positive impact on the market growth.
Gather more insights about the market drivers, restrains and growth of the Global Surface Disinfectant Market
The raw materials used in the production of surface disinfectants are primarily the by-products of the petroleum sector. Local manufacturers in the developed economies of Europe, North America, and China mainly source these raw material ingredients. Recently, the industry observed a shift in the trend toward the usage of biodegradable surface disinfectants for preventing chemical-related toxicity.
The raw materials required for biodegradable surface disinfectants are cheaper and easily available. Surface disinfectants have witnessed a low to moderate rise in prices; however, the sudden upsurge in demand due to the COVID-19 pandemic has resulted in supply shortages, which further led to a rise in prices in the year 2020 and the impact might last at least till the first half of 2021.
The stringent regulatory norms for disinfection in commercial, industrial, and institutional spaces have boosted the product demand. Surface disinfectants have various chemical substances, which, when used as per guidelines yield magnificent results. They help in preventing the transmission and occurrence of various diseases. However, these can be harmful to humans and animals and ultimately lead to environmental problems. Incomplete knowledge regarding the proper use of surface disinfectants and the health hazards associated with these products can pose a potential threat to market growth.
Surface Disinfectant Market Segmentation
Based on the Composition Insights, the market is segmented into chemical and biobased
Based on the Application Insights, the market is segmented into in-house, instruments, and others
Based on the Form Insights, the market is segmented into liquid, wipes, and sprays
Based on the End-Use Insights, the market is segmented into hospitals, laboratories, households, hotel/restaurants/cafes, educational institutes, malls, railways, airports, food processing industries and others
Based on the Regional Insights, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profile:
The competitive landscape of the market is highly fragmented due to the presence of various multinationals trying to fulfill the high demand from a large base of end-users and customers. Key companies are focusing on adopting new marketing strategies and are using advanced technologies to strengthen their customer base.
Some prominent players in the global surface disinfectant market include:
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