Wooden blocks with percentage sign and arrow up, financial growth, interest rate increase, inflation, sale price and tax rise concept

According to a new market research report published by Meticulous Research, the surface disinfectants market is expected to grow at a CAGR of 7.8 percent from 2022 to 2029 to reach $9.52 billion by 2029.

The demand for surface disinfectants has been growing due to the rising awareness regarding sanitization, health, and safety. Infectious diseases and diseases caused due to poor hygiene are major causes of mortality worldwide, which has highlighted the importance of regular cleaning and disinfection, especially in healthcare facilities where the risk of disease transmission is the highest. The Centers for Disease Control and Prevention (CDC) has estimated that hospital-acquired infections (HAIs) account for 1.7 million infections and 99,000 associated deaths each year in the U.S. These infections include urinary tract infections, surgical site infections, and pneumonia. A wide range of products with different compositions is available on the market to prevent the occurrence and spread of HAIs and other infectious diseases.

The growth of this market is driven by the rising awareness about sanitization, health, and safety; the increasing number of surgeries and growing prevalence of hospital-acquired infections; the proliferation of health clubs and gyms; and the impact of COVID-19. The lack of proper implementation of standard disinfection practices restrains the growth of this market. Additionally, the rising demand for disinfectants in emerging markets and the introduction of innovative disinfection products are expected to create opportunities for the players operating in this market. However, the availability of alternative solutions and the environmental and health hazards associated with the excessive use of disinfectants are major challenges for the growth of the surface disinfectants market.

The Impact of COVID-19 on the Surface Disinfectants Market

The COVID-19 pandemic has highlighted the need for surface disinfection and cleaning practices. Since the outbreak in 2020, the virus has quickly spread to all parts of the world, infecting millions, which has led to the revision of cleanliness and hygiene practices across all sectors.

The pandemic boosted the demand for surface disinfectants among healthcare and non-healthcare entities alike. During the pandemic's peak, temporary facilities were established to treat COVID-19 patients. In most cases, high-touch surfaces (beds, handles, medical devices, instruments, and protective gear) were required to be disinfected using surface disinfectants to prevent hospital-acquired infections (HAIs), significantly increasing the demand for surface disinfectants in the healthcare sector.

The surface disinfectants market is segmented on the basis of composition (Alcohols, Quaternary Ammonium Compounds, Chlorine Compounds, Hydrogen Peroxide, Peracetic Acid, and Other Compositions), by form (Liquids, Wipes {Quaternary Ammonium Compounds-based wipes, Alcohol-based Wipes, Other Disinfectant Wipes}, and Sprays), application (In-house Surface Disinfection and Instrument Disinfection), end user (Healthcare Entities and Non-healthcare Entities), and Geography. The study also evaluates industry competitors and analyzes their market shares at the global and regional levels.

A free sample of the report is available for download here