by Surface disinfectants are chemical agents applied on hard, non-porous surfaces to destroy or inhibit the growth of microorganisms including bacteria, viruses, tuberculosis, and others. They are used widely in hospitals, clinics, pharmaceutical industry, laboratories, and other commercial buildings to disinfect surfaces such as floors, tables, bed rails, surgical equipment, and lab instruments. The growing prevalence of hospital-acquired or healthcare-associated infections (HAIs) has increased the demand for effective disinfection of surfaces that may harbor disease-causing pathogens. HAIs affect hundreds of thousands of patients each year, prolonging hospital stays and even resulting in death in severe cases. In response, healthcare facilities are boosting their disinfection practices and upgrading to advanced surface disinfectant solutions with faster and broader-spectrum activity against emerging drug-resistant strains.
The global Surface Disinfectant Market is estimated to be valued at US$ 7347.2 Mn in 2023 and is expected to exhibit a CAGR of 3.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The surface disinfectant market is witnessing the trend of increasing demand for sprays and wipes. Spray and wipe disinfectants offer quick and easy surface disinfection without requiring rinsing or wiping. The growing preference for user-friendly disinfectants that do not involve a complex cleaning process is fueling the demand for spray and wipe variants. Manufacturers are launching innovative product line extensions in spray bottles as well as pre-saturated wipes for “no-touch” disinfection. For example, 3M launched various types of disinfecting wipes under the brand name 3M Disinfecting Wipes to kill germs on hard non-porous surfaces with no rinsing needed. Such trends are expected to continue driving market revenues over the forecast period.
Porter’s Analysis
Threat of new entrants: Low barriers to entry as production process is simple. However, established players dominate distribution channels.
Bargaining power of buyers: Moderate due to availability of substitutes. Buyers can negotiate on price.
Bargaining power of suppliers: Moderate as raw materials can be sourced from multiple suppliers.
Threat of new substitutes: Threat is high due to availability of alternative products like disinfectant spray and wipes.
Competitive rivalry: High as the market is dominated by global players. Intense competition based on product quality, price and innovation.
Key Takeaways
The Global Surface Disinfectant Market Size is expected to witness high growth over the forecast period. Growth can be attributed to rising hygiene standards across healthcare, hospitality and industrial sectors post-COVID. The global Surface Disinfectant Market is estimated to be valued at US$ 7347.2 Mn in 2023 and is expected to exhibit a CAGR of 3.9% over the forecast period 2023 to 2030.
North America currently dominates the market due to stringent regulations regarding hygiene and infections control. Presence of major players and rapid adoption of new technologies augments the regional market growth.
Europe has emerged as the second largest market for surface disinfectants owing to favorable government initiatives and increasing health awareness among consumers.
Key players operating in the surface disinfectant market are 911 Restoration, ADU (All Dry USA), AdvantaClean, All US Mold Removal, ASAP Restoration, LLC, BELFOR, COIT Pro, Flood Pros USA, GIORDANO RESTORATION, IDC, Mold Zero, Paul Davis Restoration, Inc., PuroClean, Restoration Pro, RestoreMasters LLC, ServiceMaster Restore, SERVPRO, Snyder Environmental, South Florida Water and Mold Restoration, Inc., Taylored Restoration. The major players focus on new product launches catering to new regulatory standards and emerging consumer needs.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
