Surface Disinfectant Chemicals Market

Surface Disinfectant Chemicals Market Size Analysis

According to a recent survey conducted by ChemView Consulting, the Global Surface Disinfectant Chemicals Market grew at a CAGR of 6.1% between 2017-2021 and is estimated to be US$ 4,739.8Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 6.7% and is expected to reach a valuation of US$ 9,065.8Mn by 2032 end.

Demand for surface disinfectant chemicals is anticipated to be driven by economic growth, rising middle-class income, population aging, rising healthcare costs, and strict government regulations enacted to ensure the highest level of hygiene in hospitals and commercial spaces.

The main health issues affecting a patient’s ability to recover are hospital-acquired infections (HAI). Additionally, a rise in surgical site infections is anticipated to increase demand for surface disinfection agents.

Market Dynamic

RISING NUMBER OF STRINGENT REGULATIONS FOR THE USE OF SURFACE DISINFECTANTS

In many developed nations, the regulatory requirements for surface disinfectants are highly strict. These guidelines concentrate on strengthening and simplifying appropriate infrastructure selection and upkeep, staff recruitment and training, and developing and executing proper cleaning techniques in the form of protocols and SOPs.

These guidelines place a strong emphasis on good housekeeping and sanitation while also focusing on the creation of policies that are appropriate for housekeeping services. Such regulatory guidelines will improve the regular use of surface disinfectants in healthcare settings.

RISING NUMBER OF ADVERSE EFFECTS OF CHEMICAL DISINFECTANTS

The majority of chemical disinfectants that are currently on the market have hazardous qualities. For instance, sodium hypochlorite is a highly effective treatment against blood-borne pathogens. Still, it is also dangerous for cleaning staff and building occupants because it damages many surfaces and is toxic when released into the environment. It is also highly corrosive and a respiratory irritant. When these disinfectants are used incorrectly, they can harm patients exposed to them and the environment.

INCREASING HEALTHCARE EXPENDITURE AND FOCUS ON EMERGING ECONOMIES

Players in the sterilization and disinfection sectors have a lot of opportunities in emerging economies like India, Brazil, and South Africa. The rapidly aging population, increasing patient volumes, rising per capita income, and increased public awareness are the key factors driving the need for better healthcare services in emerging nations.

A major trend in emerging economies has been the development of new healthcare facilities and a growing understanding of the importance of sterilizing medical supplies. Multinational infection control firms can perform profitably offshore their company operations to these countries thanks to the region’s developing economies in APAC.

Market Segments Covered in Report

By Composition:

• Alcohols
• Chlorine Compounds
• Quaternary Ammonium Compounds
• Hydrogen Peroxide
• Peracetic Acid
• Other Compositions

By Type:

• Liquids
• Wipes
• Alcohol-based wipes
• Quaternary Ammonium Compound-based Wipes
• Other wipes
• Sprays

By Application:

• Surface Disinfection
• Instrument Disinfection
• Other Applications

By End-User:

• Hospital
• Diagnostic Laboratories
• Pharmaceutical and Biotechnology Companies
• Research Laboratories

By Region and Country:

• North America (U.S., Canada)
• Latin America (Brazil, Mexico, Rest of Latin America)
• Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
• Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
• Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
• Africa (South Africa, Nigeria, Egypt, Rest of Africa)

Segment-Wise Analysis

Why is the Liquids Segment poised to account for the largest share of the surface disinfectant market?

Hospital surfaces are frequently sanitized using liquid disinfectants. Usually, they are utilized in diluted or concentrated form. Factors like growing demand for infection control measures to reduce the incidence of hospital-acquired infections and increasing use of innovative surface disinfectants for sanitization. This segment’s significant market share is also due to its practical application in high-volume disinfection operations and its highly favored form for routine disinfection.

Why do Hospital account for the largest share of the surface disinfectant market?

In critical care units, including operating rooms, intensive care units, and newborn care units, surface disinfectant products and services are considered necessary operations in hospitals. The growing use of innovative surface disinfectants for sanitization and rising awareness of sanitization and cleanliness due to the spread of COVID-19 are driving the growth of this market.

How is Instruments disinfection expected to have the largest CAGR during the forecast period?

Hospital equipment like pumps, endoscopes, probes, catheters, and ventilators, among others, can be a major source of HAIs and must be thoroughly disinfected before use. To prevent contamination and potential illnesses, analytical instruments used in laboratories for analysis and detection must also be cleaned and disinfected.

Instruments are cleaned with surface disinfectants that are bactericidal, fungicidal, or virucidal. These are prepared for use, non-toxic, and suitable for surfaces including plexiglass, stainless steel, chrome, glass, and plastic. Additionally, single-use wipes are being utilized more frequently to disinfect instruments since they are simple to use and reduce cross-contamination.

Region-Wise Analysis

The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.

• With a market share of 31.2%, the rising prevalence of HAIs, the growing patient population due to the aging population and the increasing prevalence of chronic diseases, the growing implementation of supportive government initiatives, the rising number of stringent regulations on sterilization and disinfection, the presence of advanced healthcare technologies, and the growth of the surface disinfectant market in North America are the main factors driving the market’s growth.
• Over the projection period, demand is anticipated to increase in the U.K. market at a CAGR of roughly 4.6%. The U.K. healthcare system is mostly maintained and funded by the government and is supported by a sophisticated infrastructure. The United Kingdom has the highest expenditure in Europe, which is unsurprising.

Competition Analysis

To take advantage of the rise in worldwide demand, surface disinfectant chemicals market companies are working to enhance production capabilities through smart acquisitions and partnerships with other producers.

The key developments in the Global Surface Disinfectant Chemicals Market:

• In November 2020, 3M (US) launched TB Quat Disinfectant Ready-to-Use Cleaner.
• In June 2019, the EPA approved Lysol Disinfectant Spray and Lysol Disinfectant Max Cover Mist for surface disinfection and efficient usage against SARS-CoV-2, according to Reckitt Benckiser Group PLC (UK).

A list of some of the key suppliers present in the market are:

• Evonik Industries AG
• LANXESS AG
• Solvay S.A.
• BASF SE
• Lonza Group AG
• Dow Inc.
• Arkema SA
• Mitsubishi Gas Chemical Company, Inc.
• Hodogaya Chemical Co., Ltd.
• Olin Corporation
• Hansol Chemical Co., Ltd.
• Dishman Carbogen Amics Ltd.
• Chang Chun Petrochemical Co., Ltd.
• Aditya Birla Chemicals (Aditya Birla Group)
• Guangdong ZhongCheng Chemicals Inc., Ltd.

Report Coverage and Highlights

• Our comprehensive, data-backed, and facts-oriented report provides niche and cross-sectional analysis at global and country levels.
• Assessment of the historical (actual data) and current market size (2017-2021), market projections (2022-2032), and CAGR.
• The market assessment across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa.
• Competitive tactical intelligence, key strategies adopted by top players, production capacity and company shares analysis, product brand surveys, and export-import analysis
• Pricing analysis to set and benchmark your current or future offerings across each product type helps you understand whether your pricing strategy is aligned with market expectations and can be compared to market disruptions.
• Predictions on critical supply and demand trends and technological expertise needed to address operations scalability.
• Consumer behavior shifts and their implications for players, list of end-users, and their consumption analysis.
• Key drivers, restraints, opportunities, and emerging trends impacting the market growth.
• Value chain analysis (list of manufacturers, distributors, end-users, and average profitability margins).
• Strategic market analysis, recommendations, and future headways on crucial winning strategies.