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Surface Disinfectant Market - Growth, Trends, Covid-19 Impact, and Forecasts (2022 - 2027)

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    Report

  • 119 Pages
  • August 2022
  • Region: Global
  • Mordor Intelligence
  • ID: 4845934
The global surface disinfectant market is witnessing a CAGR of 2.10% during the forecast period, 2022-2027.

The outbreak of COVID-19 has significantly impacted the growth of the surface disinfectant market. The usage of surface disinfectants that provide protection in healthcare facilities and safeguard personnel performing medical procedures that expose them to the virus is rising.​ As a result, several of the companies have now ramped up their production and are focusing on the development of new products. In April 2020, ITC launched its product "Savlon Surface Disinfectant Spray." Thus, the demand for surface disinfectants is expected to increase during the COVID-19 pandemic.

Other factors that are driving the market growth include the rising incidence of hospital-acquired infections, a growing geriatric population and subsequent growth in the prevalence of chronic diseases, and the increasing number of surgical procedures. As per the study titled "Healthcare-Associated Infections-A New Pathology in Medical Practice?" published in February 2020, about 50% of hospital-acquired infections occur in the intensive care unit. Surface disinfectants play a crucial role in preventing these infections. Hence, with the growing burden of HAIs, the market is expected to grow over the forecast period.

The increasing number of chronic as well infectious diseases are expected to boost the market. According to the Global Cancer Observatory (Globocan) 2020, the estimated prevalent cases of cancer all over the globe in 2020 account for 19,292,789. Out of which Asia has 9,503,710 of the total prevalent cases, Europe accounts for 4,398,443, North America has 2,556,862, Latin America and the Caribbean has 1,470,274, and Africa has 1,109,209 of the total prevalent cases. Due to the increase in the prevalence of cancer, it is expected to increase the number of surgeries, thus driving the demand for surfactant disinfectants. Hence, given the above-mentioned factors and increasing product launches, the market studied is expected to boost over the forecast period.

Key Market Trends


Hypochlorite is Expected to Hold Significant Market Share in the Type Segment


According to the World Health Organization (WHO), studies suggest that coronaviruses may persist on surfaces for a few hours or up to several days. This may vary under different conditions, such as the type of surface, temperature, and humidity. Due to this, there has been an increased focus on the disinfection of surfaces to curb the transmission of the disease. This is, thereby, expected to accelerate the demand for hypochlorite surface disinfectants.

In March 2020, Chimcoplex received approval from the Ministry of Health, Romania, for the production of 1.25% sodium hypochlorite. This is further expected to support the surface disinfectant manufacturers for production.

Furthermore, hypochlorites are available in either solid or liquid form. The most predominant chlorine products in the United States are the aqueous solutions of 5.25% to 6.15% sodium hypochlorite, typically referred to as household bleach. These have an extensive spectrum of antimicrobial activity (i.e., virucidal, bactericidal, fungicidal, sporicidal, and mycobactericidal), are unaffected by hard water, are fast-acting and inexpensive, generally do not leave toxic residues, remove dried or fixed organisms as well as biofilms from surfaces, and have a significantly low incidence of serious toxicity.

The increasing population of elderly patients is expected to revolutionize the delivery of healthcare services and create a greater market for disinfectants, as they are more prone to acquiring HAIs (hospital-acquired infections). According to data from the United Nations' World Population Prospects 2020: In 2020, there will be 727 million people in the world who are 65 or older. Women outlive men on average, so they make up the majority of the elderly, particularly at advanced ages. Over the next three decades, the global population of older people is expected to more than double, reaching over 1.5 billion by 2050. Between 2020 and 2050, all regions will see an increase in the number of older people. Globally, the proportion of the population aged 65 and up is expected to rise from 9.3 % in 2020 to around 16.0 % in 2050. Hence, with the rising geriatric population, the demand for hypochlorite surface disinfectants is also expected to grow, thereby fueling the market growth.



North America Dominates the Market and Expected to do Same in the Forecast Period


North America is expected to dominate the surface disinfectant market, owing to the outbreak of COVID-19 in this region which has tremendously increased the demand for surface disinfectants. In March 2020, Environmental Protection Agency (EPA), United States released an expanded list of EPA-registered disinfectant products that have qualified for use against SARS-CoV-2, containing about 200 additional products and 40 new products.

The rise in chronic diseases such as cardiovascular diseases, and others, require an extended hospital stay. Hence, there is an increase in the number of cases of hospital-acquired infection in the country.​​ According to 2020 data by the American Health Association, there were approximately 36.2 million hospital admissions in 2019. Many of these procedures were due to chronic diseases and critical procedures, like heart bypass surgery. Moreover, according to the University of Alabama at Birmingham's April 2021 data, coronary artery bypass graft (CABG) is a life-saving surgery performed on patients with heart attacks or any other severe disease of the heart's blood vessels, and approximately 350,000 CABG surgeries are performed in the United States each year, and this number is increasing, and the rate of hospital-acquired infection is also rising, resulting in the growth of the market.​​

Furthermore, the number of surgeries has increased in the region over recent years. For instance, according to a report published by the American Society of Plastic Surgeons 2020, 15.6 million cosmetic procedures were recorded in 2020, which included around 2.3 million cosmetic surgical and 13.2 million cosmetic minimally invasive procedures. Therefore, owing to all these factors, the region is expected to hold the largest market share in the global market during the forecast period.



Competitive Landscape


The global surface disinfectant market is highly competitive and consists of a number of major players. Companies like 3M Company, Cantel Medical Corporation, Ecolab, Procter and Gamble, SC Johnson Professional, Steris Corporation, The Clorox Company, and Whiteley Corporation, among others, hold a substantial market share in the surface disinfectant market. The companies are adopting various strategies in order to grow their presence in the market. In December 2020, Godrej Consumer Products Limited introduced the product line "Godrej ProClean", a range of surface disinfectant solutions in the market.

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Table of Contents

1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Inceidence of Hospital-Acquired Infections
4.2.2 Growing Geriatric Population and Subsequent Growth in the Prevalence of Chronic Diseases
4.2.3 Increasing Number of Surgical Procedures
4.3 Market Restraints
4.3.1 Issues Related to the Sterilization and Disinfection of Advanced Medical Instruments
4.3.2 Side Effects of Certain Toxic Substances
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION (Market Size by Value - USD million)
5.1 Type
5.1.1 Quaternary Ammonium Compounds
5.1.2 Hypochlorite
5.1.3 Alcohols
5.1.4 Aldehydes
5.1.5 Other Surface Disinfectants (Peracetic Acid, Phenolic Compounds, Iodine Compounds, Hydrogen Peroxide etc.)
5.2 Formulation
5.2.1 Liquids
5.2.2 Wipes
5.2.3 Sprays
5.3 End User
5.3.1 Hospitals & Clinics
5.3.2 Outpatient Surgical Centers
5.3.3 Other End Users
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Middle-East and Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle-East and Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 3M Company
6.1.2 STERIS PLC (Cantel Medical Corporation)
6.1.3 Ecolab
6.1.4 Procter and Gamble
6.1.5 SC Johnson Professional
6.1.6 Steris Corporation
6.1.7 The Clorox Company
6.1.8 Reckitt Benckiser Group Plc
6.1.9 Metrex Research LLC
6.1.10 Acuro
6.1.11 Medline Industries
6.1.12 Evonik Corporation
6.1.13 Sanosil
7 MARKET OPPORTUNITIES AND FUTURE TRENDS

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 3M Company
  • STERIS PLC (Cantel Medical Corporation)
  • Ecolab
  • Procter and Gamble
  • SC Johnson Professional
  • Steris Corporation
  • The Clorox Company
  • Reckitt Benckiser Group Plc
  • Metrex Research LLC
  • Acuro
  • Medline Industries
  • Evonik Corporation
  • Sanosil

Methodology

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