The global surface disinfectants market size was estimated at USD 1.4 billion in 2019 and is expected to register a compound annual growth rate (CAGR) of 7.6% from 2020 to 2027. The growth in the market can be attributed to the increasing prevalence of Hospital-Acquired Infections (HAIs), along with the presence of favorable regulations concerning the usage of surface disinfectants in diagnostic laboratories, hospitals, research laboratories, and pharmaceutical & biotechnology labs, among others. Growing cases of chronic diseases are also projected to help boost the market growth over the forecast period.

Increasing awareness amongst consumers about hygiene and preventive healthcare is also driving the demand for surface disinfectants. The unprecedented levels of disruption across world caused by the outbreak of pandemic COVID-19 has led to soar in demand for surface disinfectants.

Companies, such as DSM, have set up a disinfectant manufacturing facility in Waalwijk, Netherlands which previously was resin manufacturing site. Governments across nations are providing financial aids as well as regulatory support to manufacturers. With the growing trade uncertainties and disruption of supply chain, the U.S. EPA has also announced to temporarily allow manufacturers to source raw material from unlisted agencies.

Ineos, a Europe-based manufacturer, has announced its plans to produce one million bottles of disinfectants in a month at its U.K. facility. Companies are also heavily investing to improve the production, logistics, and quality of the existing products. As a result, the market is expected to witness strong upsurge in demand for disinfectant chemicals.

In 2019, chemical-based surface disinfectants led the market accounting for 91% of the overall share owing to high demand from food processing and healthcare industries. Chemical disinfectants are available at a cheaper price as compared to bio-based products and are thus utilized for several commercial purposes. However, rising awareness about the adverse effects of chemical-based products is estimated to hamper the segment growth in the near future.

Bio-based surface disinfectants are estimated to observe a significant growth in the near future due to growing demand and regulatory pressure on chemical-based products. In addition, strong support in the form of financial aid from various regional and national governing bodies for switching to bio-based products owing to rising pollution levels is estimated to contribute to the segment growth over the forecast period.

Liquid form segment led the market in 2019 and held for 60% of the global share. Liquid disinfectants are effective against several types of micro-organisms resulting in enteric and respiratory infections and wounds. These disinfectants are used in routine hygiene procedures, such as routine sterilization of pipelines, utensils, and surfaces, as they can effectively control the spread of infection.

Increasing demand for these products from the poultry, food, fish processing, meat processing, and food processing industries is also estimated to fuel the segment growth over the coming years. However, wipes segment is estimated to register the fastest CAGR from 2020 to 2027. Wipes offer numerous advantages, including ease of use and reduced probabilities of cross-contamination.

The industrial & institutional segment held the major market share of over 68% in 2019 and is estimated to expand further at a significant CAGR owing to high demand from offices, schools, colleges, and industrial facility cleaning, such as municipal and street cleaning, aircraft cleaning, and metal and electronics cleaning. The majority of the product is used for hard surface cleaning. A key factor contributing to the segment growth include the growing need for eco-friendly products with less labor-intensive and highly effective cleaning.

Commercial sector including hotels and restaurants are expected to register a significant growth rate over the coming years owing to a consistent walk-in customer and constant cleaning practices for a clean dining area. 3M and Ecolab are some of the prominent manufacturers engaged in the production and distribution of commercial-grade surface disinfectants in the market.

In 2019, North America emerged as a dominant region accounting for over 33% of the global share. Several initiatives undertaken to establish guidelines for the determination of preferable products for use in the healthcare industry, especially childcare, based on ease of use, efficiency against relevant pathogens, cost, and toxicity, are estimated to fuel the regional market growth.

Asia Pacific is expected to witness the fastest CAGR from 2020 to 2027 owing to the increasing population, rapid urbanization and industrialization, and increasing disposable income levels. Rising adoption of new technologies by major manufacturers for the production of disinfectants with enhanced efficiency is also driving the market. Moreover, developing countries, including China, India, Korea, and Japan, are significantly contributing to the region's growth owing to cohesive strategies undertaken.

Companies are heavily investing in R&D activities to meet various norms and specifications. Key players in the market, including Lanxess AG, Solvay, and DuPont, are focusing on backward integration and producing their raw materials to maintain the quality of the final product. Other manufacturers rely on distributors for the delivery of raw materials to manufacturing sites and internal transportation of the final product.

In some instances, manufacturing companies have formed strategic partnerships and direct alliances with local end-users across the globe. Any change in the demand and supply of raw materials may have an impact on the industry. Therefore, manufacturers have enlarged their presence in the value chain by backward integrating and expanding their product portfolio. Some of the prominent players in the global surface disinfectant market include: The 3M Company, Lanxess AG, Neogen Corp., Ecolab, DuPont, Cantel Medical, Johnson & Johnson, Procter & Gamble, Reckitt Benckiser Group PLC, Steris Corporation, The Clorox Company.

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