by Surface disinfectants are antimicrobial and antiseptic agents used for disinfecting surfaces in order to eliminate or inactivate infectious microorganisms such as bacteria, fungi, spores or viruses. Disinfectants are essential in hospitals, laboratories, and other facilities to limit the spread of hospital-acquired and healthcare-associated infections. With the COVID-19 pandemic emphasizing the need for stringent hygiene and disinfection measures, demand for surface disinfectants surged across commercial and residential settings. The Global Surface Disinfectant Market Size is estimated to be valued at US$ 10.5 billion in 2023 and is expected to exhibit a CAGR of 18% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Heightened awareness of hygiene propelled demand for surface disinfectants during the COVID-19 pandemic. The pandemic heightened public awareness about the role of hygiene and surface disinfection in limiting the spread of infectious diseases. Frequent usage of disinfectant sprays and wipes increased massively across households as well as in commercial establishments like offices, factories, public transport, hotels and restaurants. Studies showed that coronaviruses can remain viable on inanimate surfaces for several hours or days depending on conditions. This led to a sharp increase in adoption of surface disinfectant products among consumers and cleaning professionals across the globe to curb transmission through contaminated surfaces. The trend is expected to sustain and drive the surface disinfectant market over the forecast period.
SWOT Analysis
Strength: Surface disinfectants are effective in killing viruses and bacteria on surfaces and can help prevent spread of infections. They play a crucial role in maintaining hygiene.
Weakness: Prolonged use of some surface disinfectants can damage delicate surfaces. Exposure to fumes from certain chemicals used in disinfectants can cause health issues in some individuals.
Opportunity: The Covid-19 pandemic has increased awareness about importance of disinfection and hygiene. This will boost demand for effective surface disinfectants in healthcare as well as public settings.
Threats: Stringent regulations regarding ingredients and composition can restrict entry of some new players. Price wars among existing players can squeeze profit margins.
Key Takeaways
The global surface disinfectant market is expected to witness high growth over the forecast period of 2024 to 2031.
Regional analysis: North America dominates the market currently due to stringent hygiene regulations and protocols. Asia Pacific is expected to be the fastest growing market owing to improving healthcare infrastructure and growing awareness about prevention of infections.
Key players operating in the surface disinfectant market are Reckitt Benckiser Group, The Clorox Company, Kimberly-Clark, Ecolab, 3M, SC Johnson Professional, Steris plc, Cantel Medical Corp, Procter & Gamble, GOJO Industries. These established players are focusing on new product launches and expanding their geographic presence through mergers and acquisitions to increase market share.
*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it
