Growth Factors Driving the Market: The Rising number of stringent regulations focus on the development of suitable policies for housekeeping services, which puts a premium on good housekeeping and sanitation. Such regulatory guidelines will help in improving the regular usage of surface disinfectants across healthcare settings.
The growth is driven by rising number of stringent regulations for the use of surface disinfectants and increasing use of newer surface disinfectants for sanitization.
MarketsandMarkets™ View on Revenue: The global surface disinfectant market is projected to reach USD 4.3 billion by 2026 from USD 2.9 billion in 2021, at a CAGR of 8.4%.
Industry Segmentation in Detailed:
The alcohol segment accounted for the largest share of the surface disinfectant market.
Based on composition, segmented into alcohol, chlorine compounds, quaternary ammonium compounds, hydrogen peroxide, peracetic acid, and other compositions. The alcohol segment accounted for the largest share of the surface disinfectant market, mainly due to rising number of stringent regulations for the use of surface disinfectants and growing awareness of sanitization and hygiene due spread of COVID-19.
The Liquid segment to register the highest growth rate during the forecast period.
Based on type, the surface disinfectants market is segmented into liquids, wipes, and sprays. In 2020, the liquid segment accounted for the highest growth rate of the surface disinfectant market. The large share of this segment can mainly be attributed to the rising demand for infection control measures to curb the occurrence of hospital-acquired infections and rising number of stringent regulations for the use of surface disinfectants.
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Leading Key Players Analysis:
The major players operating in surface disinfectant market are 3M (US), Procter & Gamble (US), Reckitt Benckiser Group PLC (UK), Ecolab (US), Steris (US), The Clorox Company (US), Diversey Holdings LTD. (US), Cantel Medical (US), CarrollCLEAN (US), PAUL HARTMANN AG (Germany), Metrex Research, LLC. (US), Whiteley (Australia), Medline Industries, Inc. (US), GOJO Industries, Inc. (US), Pharmax Pharmaceuticals FZ-LLC (Canada), PDI, Inc. (US), Becto, Inc. (US), GESCO Healthcare Pvt. Ltd. (India), MEDALKAN (Greece), Ruhof (US), Contec, Inc. (US), Cetylite, Inc. (US), Micro-Scientific, LLC (US), Pal International (UK), Brulin Holding Company, Inc. (US).
Geographical Trends in Detailed:
The global surface disinfectant market is segmented into five major regions—North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest regional market for surface disinfectant market in 2020. The large share of North America in this market can be attributed to the rising demand for infection control measures to curb the occurrence of hospital-acquired infections and growing awareness of sanitization and hygiene due spread of COVID-19.
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