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Growth Factors Driving the Market: The Rising number of stringent regulations focus on the development of suitable policies for housekeeping services, which puts a premium on good housekeeping and sanitation. Such regulatory guidelines will help in improving the regular usage of surface disinfectants across healthcare settings.

The pandemic has disrupted healthcare systems all over the world, with hospitals being overwhelmed due to the increasing influx of patients. Temporary hospitals are also being set up to deal with an increasing disease incidence. Hence, the spread of COVID-19 has spurred a surge in demand for cleaning and disinfection products due to the growing awareness about safety, hygiene, and health. Increasing healthcare expenditure in North America and an increase in the number of temporary hospitals are some of the major factors driving the demand and uptake of antiseptics and disinfectants

Factors such as the increasing demand for hospital beds and ICUs in North America, the rising proliferation of isolation facilities, and increasing awareness among consumers on hygiene and preventive healthcare have greatly boosted the demand for surface disinfectants.

To prevent the spread of the disease, the COVID-19 outbreak has made personal and household disinfection increasingly important. The synthetic disinfectants are running out of stock at retail stores as many consumers have responded by panic-buying disinfecting products to ensure that they can keep their homes virus-free. In response, retailers are dealing with the spike in demand by restocking their shelves with green disinfectants. The EPA is also adding many natural disinfectants to its "approved" list for fighting COVID-19.

MarketsandMarkets™ View on Revenue: The global surface disinfectant market is projected to reach USD 4.3 billion by 2026 from USD 2.9 billion in 2021, at a CAGR of 8.4%

Driver: Rising number of stringent regulations for the use of surface disinfectants;

The increase in number of stringent regulations focus on the development of suitable policies for housekeeping services, which puts a premium on good housekeeping and sanitation. Thus, due to such regulatory guidelines, there will be improvement in the regular usage of surface disinfectants across healthcare settings

Opportunity: Increasing healthcare expenditure and focus in emerging economies;

Emerging economies, such as India, Brazil, and South Africa, provide significant opportunities for players in the sterilization and disinfection markets. Emerging economies in the APAC region present lucrative investment opportunities for multinational infection control companies to offshore their business operations to these markets.

Industry Segmentation in Detailed:

The alcohol segment accounted for the largest share of the surface disinfectant market.

Based on composition, segmented into alcohol, chlorine compounds, quaternary ammonium compounds, hydrogen peroxide, peracetic acid, and other compositions. The alcohol segment accounted for the largest share of the surface disinfectant market, mainly due to rising number of stringent regulations for the use of surface disinfectants and growing awareness of sanitization and hygiene due spread of COVID-19.

The Liquid segment to register the highest growth rate during the forecast period.

Based on type, the surface disinfectants market is segmented into liquids, wipes, and sprays. In 2020, the liquid segment accounted for the highest growth rate of the surface disinfectant market. The large share of this segment can mainly be attributed to the rising demand for infection control measures to curb the occurrence of hospital-acquired infections and rising number of stringent regulations for the use of surface disinfectants.

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Leading Key Players Analysis:

The major players operating in surface disinfectant market are 3M (US), Procter & Gamble (US), Reckitt Benckiser Group PLC (UK), Ecolab (US), Steris (US), The Clorox Company (US), Diversey Holdings LTD. (US), Cantel Medical (US), CarrollCLEAN (US), PAUL HARTMANN AG (Germany), Metrex Research, LLC. (US), Whiteley (Australia), Medline Industries, Inc. (US), GOJO Industries, Inc. (US), Pharmax Pharmaceuticals FZ-LLC (Canada), PDI, Inc. (US), Becto, Inc. (US), GESCO Healthcare Pvt. Ltd. (India), MEDALKAN (Greece), Ruhof (US), Contec, Inc. (US), Cetylite, Inc. (US), Micro-Scientific, LLC (US), Pal International (UK), Brulin Holding Company, Inc. (US).

Geographical Trends in Detailed:

The global surface disinfectant market is segmented into five major regions—North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa. North America accounted for the largest regional market for surface disinfectant market in 2020. The large share of North America in this market can be attributed to the rising demand for infection control measures to curb the occurrence of hospital-acquired infections and growing awareness of sanitization and hygiene due spread of COVID-19.

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