Surface Disinfectant Chemicals Market

Key Points Covered in Surface Disinfectant Chemicals Market Survey

• Market estimates and forecast 2016-2031
• Key drivers and restraints impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Global Surface Disinfectant Chemical Market and How to Navigate
• Recommendation on Key Winning Strategies

2016-2020 Surface Disinfectant Chemicals Market Outlook Compared to 2021-2031 Forecast

Driven by increasing focus on maintaining cleanliness and hygiene standards in residential and industrial settings, the surface disinfectant market will rise at 4.5% CAGR between 2021 and 2031 in comparison to the 4.1% CAGR registered during 2016-2020.

Economic prosperity, rising middle-class income, ageing population, rising healthcare expenditure, and stringent government regulations implemented to ascertain maximum hygiene standard in hospitals and commercial spaces are expected to drive surface disinfectant chemicals demand.

Hospital-acquired infections (HAI) are among the key health concerns impacting patient recovery. In addition, the increase in the occurrence of surgical site infections is expected to fuel the demand for surface disinfection chemicals.

Steady implementation of disease control and prevention measures has brought about a notable decline in the rate of HAI cases. The U.S. has been at the forefront of the adoption of surface disinfection practices.

Moreover, the food and beverages industry also experienced healthy growth across the world. Increase in the number of food-borne diseases and healthcare associated infections along with the outbreak of COVID-19 has resulted in increased concerns about hygiene among consumers. This will in turn increase surface disinfectant chemicals applications in the sector.

Challenges such as government regulations implemented on the use of synthetic chemicals and shifting preference towards environment friendly products have always been the prime concerns for manufacturers.

Nonetheless, consistently rising demand from various industries amid implementation of strict safety and hygiene protocols will aid the overall expansion of the market. Almost half of the demand for surface disinfectant chemicals is created from commercial and Institutional end users.

What is the Impact of the COVID-19 Crisis on the Surface Disinfectant Chemicals Market?

Lockdown imposed across various countries has negatively impacted the market, as the closure of commercial and institutional spaces has led to a slowdown in demand. Production challenges and transportation-related delays owing to travel restrictions have created obstacles amid the pandemic.

Nonetheless, several hospitals and healthcare centres stockpiled on surface disinfectants to ensure sufficient supplies during the crisis. Additionally, increase in the inflow of in-patients has resulted in high demand for surface disinfection products to maintain a safe and hygienic environment across healthcare institutions in addition to critical infrastructure, such as government offices and utility installations.

Company activities have begun to grow at a slow and steady pace as supply and distribution networks recover through 2021. Against this backdrop, the pandemic is likely to have a positive impact on the on the surface disinfectant chemicals market in the long-term.

Focus on Sensitization Remains Key Surface Disinfectant Chemicals Market Growth Driver

The use of surface disinfectants chemicals has increased at a significant rate in recent years. Rising hygiene concerns and the need for sanitization has been increased due to outbreak of the COVID-19 pandemic.

Demand for these chemicals is projected to grow at a substantial pace in the coming years, as strict hygiene maintenance becomes the norm across facilities, which is expected to fuel the demand for surface disinfectant chemicals over the assessment period.

Country-wise Insights

How is the Surface Disinfectant Chemicals Market in the U.S. Set to Fare?

North America is predicted to remain one of the most attractive markets during the forecast period, according to Future Market Insights. According to the study, the U.S. is expected to account for over 88% of the North America market through 2031.

The U.S.’s high healthcare spending is one of the main factors supporting market growth. Overall healthcare spending grew at a rate of about 4.6 percent in 2019 as compared to overall economic growth of 4.0 percent according to the CMS' Office of the Actuary estimates.

Furthermore, the U.S. remains one of the world's largest markets for pharmaceuticals, making it a lucrative market for surface disinfectant chemical manufacturers. Aside from this, rising cases of chronic diseases, growing overall population, and high medical care awareness among Americans will drive growth in the market.

Why is Demand for Surface Disinfectants Chemicals Increasing in the U.K.?

Demand in the U.K. market is expected to rise at nearly 3.8% CAGR over the forecast period. The U.K. healthcare system is backed by well-developed infrastructure and it is largely supported and funded by the government. It is not surprising that the U.K. has the most elevated level of expenditure in Europe.

As per the report, the U.K. is identified as a primary market, and it is expected to continue exhibiting high demand for surface disinfectant chemicals through the forecast period. Moreover, rising research activities, presence of several major players, and increasing demand from the commercial sector is creating attractive opportunities for the surface disinfectant market in the country.

How is Germany’s Pharmaceutical Industry Contributing to Growth?

Germany is well known for its strong presence of developers and manufacturers of pharmaceutical products. The surface disinfectant chemical market in the country is expected to grow at a CAGR of 4.2% during the 2021-2031 period.

Manufacturers prefer to invest in the country owing to easier access of various cutting-edge technologies to conquer unmet challenges, with funding involved in drug development and pathology research.

How are Government Initiatives Boosting Surface Disinfectants Chemical Sales in India?

In 2021, India is expected to account for over 42% of the sales in South Asia and Pacific. Government initiatives undertaken to bring the economy back on track following the pandemic will positively impact the disposable income of consumers.

Outreach programs adopted to promote cleanliness are expected to bring about awareness on hygiene and sanitization across the country which is expected to boost the market of surface disinfectant chemicals in the country.

As India is one of the worst impacted countries in terms of infections, the requirement for surface disinfectant chemicals will remain high. Moreover, the significant rise in the number of patients owing increased population, changing lifestyles, and appearance of new diseases is also driving the demand for surface disinfectants.

Also, Indian producers are expecting to extend their business through consolidation and acquisitions with different organizations.

Category-wise Insights

Why is the Demand for Quaternary Ammonium Compounds on the Rise?

Based on product type, Quaternary Ammonium Compounds is the leading category, accounting for nearly 43.7   % of the global market value in 2021. Quaternary Ammonium Compounds are widely used in disinfection of health care institutions. Growth in the global health care industry is expected aid demand over the forecast period.

Quaternary Ammonium Compounds are expected to remain the preferred choice for many end users. There is a rising focus on point-of-care disinfecting products which has resulted in the growing demand through 2031.

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Who is the Dominant End User of Surface Disinfectant Chemicals?

Commercial and institutional end users are expected to dominate the market over the forecast period, accounting for about 50% of the global market share by 2031. Growth registered in this segment can be attributed to the rising demand from the health care Industry and development of commercial and institutional infrastructure during the forecast period.

Given the impact of the pandemic, consumers and businesses are increasingly focusing on maintaining workplace hygiene and cleanliness which is likely to become a mandatory part of business operations, thus driving market growth.

Competitive Landscape

Companies operating in the surface disinfectant chemicals market are aiming at expanding production capacities through strategic acquisitions and collaborations with other manufacturers to leverage the increase in global demand.

• In 2020, Lanxess officially announced its plans for expansion of production capacity for oxone monopersulfate by around 50%, which is a key ingredient used in disinfectant formulations.
• In 2020, Lonza expanded microbial capacity and extended the long-term partnership with Servier for L-asparaginase API Manufacturing.
• Peroxychem LLC was acquired by Evonik Industries in 2020 to increase the production capacity for hydrogen peroxide production in the U.S.

Scope of Report

Key Questions Answered in the Report?

• What is surface disinfectant chemical market size?

  Driven by implementation of increasingly stringent hygiene and sanitation regulations, the global surface disinfectant chemical market valuation will surpass US$ 3.5 Bn in 2021.

• At what rate did the surface disinfectant chemical market expand in the last five years?

  According to FMI’s analysis, surface disinfectant chemical sales grew at 4.1% CAGR between 2016 and 2020.The market’s valuation stood at over US$ 3.3 Bn in 2020.

• What are the key trends shaping the surface disinfectant chemical market?

  Investments in product research and development will continue increasing to cater to the demand for high-performing disinfectants. Companies are currently focusing on QAC based offerings. Besides this, industrial and institutional sales will generate will continue rising through the foreseeable future.

• What are the key factors driving surface disinfectant chemical demand?

  Key factors fuelling the demand for surface disinfectant chemicals includes implementation of increasingly strict hygiene regulations across industries, increasing prevalence of drug-resistant pathogens, and improving health awareness among consumers.

• What is the North America surface disinfectant chemical market outlook?

  Demand in North America will rise, backed by higher sales in the U.S. and Canada. As per FMI, North America currently holds 21.6% of the global surface disinfectant chemical market in 2021. The market will rise at 3.6% between 2021 and 2031.

• Which countries are key producers of surface disinfectant chemicals?

  Leading producers of surface disinfectant chemicals include the U.S., Germany, Japan and China.

• What is the cumulative share of top five companies in the surface disinfectant chemical market?

  The cumulative share of the top 5 surface disinfectant chemical companies including Dow Inc., BASF SE, Evonik Industries AG, Lanxess AG and Solvay S.A. equals 35% in the global market.

• Which countries are key exporters of surface disinfectant chemicals?

  The U.S., Germany, China and Japan are the leading exporting countries for surface disinfectant chemical distribution.

• Which are the top countries driving demand for surface disinfectant chemicals?

  India, Japan, South Korea, the U.S., and China have emerged as leading countries aiding the demand for surface disinfectant chemicals.

• What are the key statistics for surface disinfectant chemical market in Japan and South Korea?

  Japan and South Korea are estimated to hold a market value share of 19.5% and 16% of the East Asia surface disinfectant chemical market in 2021.

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Surface disinfectant Chemicals Market by Category

By Product Type:

• Quaternary Ammonium Compound
• Alcohols & Aldehydes
• Phenolic Compounds
• Halogens
• Oxidizing Agents

By End Use:

• Domestic
• Commercial & Institutional
• Industrial

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia Pacific
• Middle East and Africa