Global Surface Disinfectant Market: Snapshot
The global surface disinfectant market is predominantly driven by the increasing awareness generally about hygiene and cleanliness among individuals. Another crucial factor stoking growth is efforts from state authorities to raise awareness about the importance of hygiene and cleanliness, and regulations in place for the same that commercial establishments need to adhere to.
The rising education level and rising disposable incomes in emerging economies resulting in increasing use of disinfectants to prevent germs from breeding is also acting in favor of the market.
On the flip side, acting as a barrier to the growth of the market is reactivity of certain chemical formulations, which is limiting their use. The incessant use of these products resulting in several microorganisms develop resistance towards these products is also challenging the growth of global surface disinfectant market.
A report by Transparency Market Research forecasts the global surface disinfectant market to expand at a CAGR of 10.4% for the forecast period between 2016 and 2024 and attain a value of US$1.77 bn by 2024. The market was worth US$802.9 mn in 2016.
The global surface disinfectant market is studied in terms of product, type, application, and region in this report.
Competitive Price key to High Sales of Sodium Hypochlorite Products
The segments into which the global surface disinfectant market is classified based upon product are sodium hypochlorite, phenols, quaternary ammonium compounds, hydrogen peroxide, peracetic acid, biguanides, amphoterics, and aldehydes. The segment of sodium hypochlorite, among all, holds the leading market share in terms of volume. The low cost factor and relatively stable nature of sodium hypochlorite-based products is the key factor behind the growth of this segment.
On the other hand, the segments of quaternary ammonium compounds and peracetic acid are expected to surpass other segments in terms of growth over the forecast period. This is mainly because they serve advantages of cost-competitiveness and efficacy over other product segmnets. Also, the relatively new availability of these products extends scope for their further development.
Biguanides and amphoterics have a small market share, primarily because of their high price factor. Aldehydes have a low share in the market as they are highly reactive.
By type, liquids, sprays, wipes, and other are the segments of the surface disinfectant market that are in the scope of this report. Among all, liquids account for leading share of the market due to their ease of use complemented with their favorable price and availability features. Liquids are likely to retain their high growth rate over the forecast period. The segment is followed by sprays and wipes in terms of market share.
The application segments into which the global surface disinfectant market is segregated are hospitals and clinics, outpatient surgical centers, restaurants and food chains, households, and others. Of them, hospitals, clinics, and outpatient surgical centers are currently the leading end-use segments of surface disinfectants. However, the segment of restaurants and food chains is expected to surpass other segments in terms of growth rate over the forecast period. This is mainly because of hygiene and cleanliness regulations in place that food service establishments need to adhere to for food safety.
Enforcement of Hygiene and Cleanliness Standards for Commercial Establishments Pushes Asia Pacific to Dominant Position
The key segments of the market, based upon geography are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Asia Pacific is expected to emerge as a significant market for surface disinfectants aided by the rising disposable incomes, cleanliness and hygiene regulations in place by state authorities, and the expanding construction sector. The regional market is expected to expand at a CAGR of 11.3% between 2016 and 2024.
The Middle East and Africa is expected to display second-leading growth rate followed by Latin America over the forecast period. North America and Europe are expected to display slow growth rate on account of being mature markets for surface disinfectants.
Some of the leading players in the global surface disinfectant market are Johnson & Johnson Services Inc., Proctor & Gamble, Kimberly-Clark, Henry Schein, DuPont, 3M, Cantel, Clorox, Ecolab, and GOJO Industries.
Global Surface Disinfectant Market: Overview
Surface disinfectants are chemical compound products used to deactivate or destroy microorganisms from environmental surfaces such as floors, chairs, bench tops, walls and ceilings. Depending upon their chemical composition, they can be segmented into several product types such as sodium hypochlorite, phenols, quaternary ammonium compounds (QACs), hydrogen peroxide, peracetic acid, biguanides, amphoterics, and aldehydes. While sodium hypochlorite- and phenol-based surface disinfectants are highly popular due to their lower price, high efficacy and low reactive nature, the forecast period is expected to witness a higher growth rate for quaternary ammonium compounds (QACs) and peracetic acid. Surface disinfectants are most commonly used in hospitals, clinics, and outpatient surgical centers, followed by restaurants and food chains, and households. Other usage sectors include commercial buildings and school etc. The most popular form of surface disinfectants is liquid, followed by sprays and wipes. This is largely owing to the ease of use, affordable pricing and easy availability of the products. North America, followed by Europe, holds the largest market share for surface disinfectants. However, the highest growth rate is likely to be witnessed in the Asia Pacific and the Middle East & Africa region. The market is primarily driven by the rising awareness about cleanliness and hygiene among populations, while held back by the increasing resistance developed by bacterias to surface disinfectants.
Global Surface Disinfectant Market: Scope of Study
This report analyzes and forecasts the market for surface disinfectant at the global and regional level. The market has been forecast based on volume (Tons) and revenue (US$ Mn) from 2016 to 2024, considering 2015 as the base year. The study includes drivers and restraints of the global surface disinfectant market. It also covers impact of these drivers and restraints on demand for surface disinfectant during the forecast period. The report also highlights opportunities in the surface disinfectant market at the global and regional level.
The report includes detailed value chain analysis, which provides a comprehensive view of the global surface disinfectant market. Porter’s Five Forces model for the surface disinfectant market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides the actual market size of surface disinfectant for 2015 and estimated market size for 2016 with forecast for the next eight years. The global market size of surface disinfectant has been provided in terms of volume and revenue. Market volume has been defined in tons, while market revenue is in US$ Mn. Market numbers have been estimated based on product, type, and key applications of surface disinfectants. Market size and forecast for numerous end-users have been provided in terms of global, regional, and country level markets.
Global Surface Disinfectant Market: Market Segmentation
The study provides a decisive view of the global surface disinfectant market by segmenting it in terms of products (sodium hypochlorite, phenols, quaternary ammonium compounds, hydrogen peroxide, peracetic acid, biguanides, amphoterics, and aldehydes), type (liquid, sprays, wipes, others), and applications such as Hospitals & Clinics, Outpatient Surgical Centers, Restaurants & Food Chains, Households, and others. These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for surface disinfectant in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Global Surface Disinfectant Market: Research Methodology
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represented the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, ECHA, ICIS, internal and external proprietary databases, and relevant patent and regulatory databases such as Factiva, Bloomberg, Platts, ILMA, UN COMTRADE, national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market.
We conduct primary interviews on an ongoing basis with industry participants and commentators to validate data and analysis. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
Global Surface Disinfectant Market: Competitive Outlook
The report comprises profiles of major companies operating in the global surface disinfectant market. The global surface disinfectant market is partially consolidated. Key players include Proctor & Gamble, Johnson & Johnson Services, Inc, Henry Schein, Kimberly-Clark, 3M, and DuPont. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
The global surface disinfectant market has been segmented as follows:
Surface Disinfectant Market: Product Analysis
- Sodium Hypochlorite
- Quaternary Ammonium Compounds (QACs)
- Hydrogen Peroxide
- Peracetic Acid
Surface Disinfectant Market: Type Analysis
Surface Disinfectant Market: Application Analysis
- Hospitals & Clinics
- Outpatient Surgical Centers
- Restaurants & Food Chains
Surface Disinfectant Market: Regional Analysis
- North America
- Rest Of Europe
- Asia Pacific
- Rest Of Asia Pacific
- Latin America
- Rest of South America
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA