Global Surface Disinfectant Market: Snapshot
The global surface disinfectant market is estimated to grow at a healthy pace in the coming few years. The increasing number of products and the expansion of the application base are projected to ensure the growth of the market in the coming few years. The rise in the awareness among consumers regarding the importance of hygiene and the strict regulations for cleanliness are projected to support the development of the overall market in the next few years. Moreover, the rise in the demand for preventing the breeding of gums and the improving level of education, particularly in emerging economies are likely to accelerate the growth in the near future. Thanks to these factors, the market is likely to witness a promising growth in the next few years.
Rise in Number of Chronic Diseases to Enhance Market Growth
In 2016, the global market for surface disinfectant stood at US$0.8 bn and is projected to reach US$1.7 bn by the end of 2024. Furthermore, the market is estimated to exhibit a promising 10.40% CAGR between 2016 and 2024.
The rise in the number of surgical procedures is one of the major aspects that is projected to encourage the growth of the global surface disinfectant market over the forecast period. The increasing prevalence of chronic diseases and the rising geriatric population are estimated to support the development of the market in the coming few years. In addition to this, the development of new products and innovations in this field are predicted to ensure the rapid development of the market in the next few years. On the flip side, the rising concerns related to the disinfection and sterilization of several advanced medical instruments are expected to restrict the market growth in the near future. Nonetheless, the advent of new compositions to overcome the bacterial resistance for the disinfectants is estimated to provide growth opportunities in the near future.
Asia Pacific to Witness High Growth in Coming Few Years
On the basis of geography, the surface disinfectant market has been classified into five segments, including Latin America, Europe, Asia Pacific, North America, and the Middle East and Africa. The Asia Pacific market is anticipated to hold a key share of the global surface disinfectant market and maintain its leading position in the coming years. The rapid development of the construction sector and the rising disposable income of consumers are likely to encourage the growth of this region in the near future. Also, the Middle East and Africa is projected to remain in the second position over the forecast period; whereas, North America and Europe are likely to rise at a steady rate in the next few years.
The global market for surface disinfectant is considered as a fragmented market with a huge number of players engaged across the globe. The lucrative opportunities in the market are expected to attract a large number of players, which is estimated to support the development of the market and enhance the competitive scenario of the market in the near future. The increasing focus of the players on innovations and developments, which is anticipated to support the market growth over the forecast period. The key players in the surface disinfectant market across the globe are 3M Company, DuPont, Procter & Gamble, Henry Schein, Kimberly-Clark, and Johnson & Johnson Services Inc.
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