Surface Disinfectant Market: Current Analysis and Forecast (2022-2028)

Report Description

The Surface Disinfectant Market is expected to grow at a strong CAGR of around 8% during the forecast period owing to a rise in the number of healthcare-associated infections. The surface disinfectant market is highly competitive, with a large number of players ranging from small local manufacturers to multinational corporations. Key players in the market include companies like Procter & Gamble, 3M Company, Reckitt Benckiser Group plc, and The Clorox Company. The market is also subject to various regulations and standards related to product safety and efficacy, including those from organizations such as the Environmental Protection Agency (EPA), the Food and Drug Administration (FDA), and the Centers for Disease Control and Prevention (CDC). As such, companies operating in the surface disinfectant market must adhere to these regulations and standards to ensure the safety and effectiveness of their products. The market for surface disinfectants is driven by several factors, including an increasing awareness of the importance of hygiene and sanitation in preventing the spread of infectious diseases, a rise in the number of healthcare-associated infections, and the growing demand for effective disinfectants in industries such as food and beverage, hospitality, and residential.

Some of the major players operating in the market include Reckitt Benckiser Group plc, Ecolab, The 3M Company, Procter & Gamble, BASF SE, PDI, Inc., Evonik Industries AG, Kimberley-Clark Corporation (KCWW), GOJO Industries, Inc., and Lonza. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst composition, the alcohols held a prominent share of the market in 2020”

Based on the composition, the market is segmented into alcohols, chlorine compounds, quaternary ammonium compounds, and others. Amongst these, the alcohol segment held the major share of the market in 2020. The market dominance of the alcohol segment is due to the fact that chemical disinfectants play an important role in many industries, including healthcare and food service, where their effectiveness against a broad range of pathogens is highly valued.

“Amongst type, liquids are expected to grow with a strong CAGR”

By type, the market is divided into liquids, wipes, and sprays. Among these, liquids are expected to grow with a strong CAGR during the forecasted period, as they are often used in larger-scale disinfection applications and can be more cost-effective than wipes. Sprays and liquids are also useful for disinfecting surfaces that are harder to reach or that require a more thorough cleaning.

Surface disinfectant Market Report Coverage

“Asia-Pacific to lead the growth during the forecasted period”

APAC is expected to grow at a substantial CAGR during the forecast period.  Asia-Pacific, which is home to some of the world’s largest and fastest-growing economies, including China and India. The Asia-Pacific region is expected to see strong growth in demand for surface disinfectants due to factors such as increasing awareness of the importance of hygiene, rising healthcare expenditures, and the growth of the food and beverage industry.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global surface disinfectant market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Surface Disinfectant Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global surface disinfectant market were the three major steps undertaken to create and analyze the adoption of surface disinfectants in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global surface disinfectant market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the surface disinfectant market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the surface disinfectant market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as composition, type, application and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the surface disinfectant market. Further, we conducted factor analysis using dependent and independent variables such as composition, type, application and end-user of the surface disinfectant market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the surface disinfectant market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global surface disinfectant market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the surface disinfectant market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global surface disinfectant market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global surface disinfectant market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of the marketplace, device, and revenue source in the global surface disinfectant market.

The Main Objective of the Global Surface Disinfectant Market Study

The current & future market trends of the global surface disinfectant market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the surface disinfectant market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of the composition, type, application and end-user.
• Define and analysis of the regulatory framework for the surface disinfectant industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the surface disinfectant market for the major region
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the surface disinfectant market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
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