From 2020 to 2025, the global surface disinfectants market is expected to grow at a CAGR of 3.0%, from USD 3.1 billion in 2020 to USD 3.6 billion in 2025. The rising prevalence of hospital-acquired infections (HAIs) and the existence of severe rules for the use of surface disinfectants are two important reasons driving the growth of this market. COVID-19 is a newly identified novel coronavirus that causes an infectious sickness. On March 11, 2020, the World Health Organization (WHO) proclaimed COVID-19 a pandemic. The pandemic has wreaked havoc on healthcare systems around the world, with hospitals being overloaded as the number of patients rises. Temporary hospitals are also being built to deal with the rising number of diseases. As a result of the increased awareness about cleanliness, health, and safety, the proliferation of COVID-19 has sparked a boom in demand for cleaning and disinfection solutions. Some of the significant facts are rising healthcare costs and an increase in the number of temporary hospitals.
Hospital-acquired infections (HAIs) are nosocomial infections that develop during a patient's stay in a hospital or other healthcare setting and are not visible at the time of admission. Central line-associated bloodstream infections, surgical site infections, catheter-associated urinary tract infections, hospital-acquired pneumonia, ventilator-associated pneumonia, and Clostridium difficile infections are some of the illnesses that can be contracted. The patient's immunological condition, infection control methods, and the frequency of numerous infectious agents around the healthcare institution all have a role in the occurrence of HAIs. The occurrence of chronic diseases is directly related to the senior population.
Emerging markets like India, Brazil, China, and South Africa offer considerable potential for surface disinfectant manufacturers. According to the International Monetary Fund, developing economies accounted for more than 60% of global GDP in 2016. The fast growing elderly population and high patient volumes, rising per capita income, and greater awareness are all driving the need for improved healthcare services in these economies.
The majority of chemical disinfectants now on the market are harmful. Sodium hypochlorite, for example, is an excellent treatment for blood-borne infections but is also highly corrosive and a respiratory irritant, making it hazardous to cleaning staff and building occupants, destructive to many surfaces, and toxic when released into the environment. When disinfectants are used incorrectly, they can harm the environment and people who are exposed to them. Because an increasing number of end-users are requesting a greener option, disinfectants are being used only on a limited number of non-critical goods and in smaller quantities.
Alcohols, chlorine compounds, quaternary ammonium compounds, hydrogen peroxide, peracetic acid, and other compositions are the different types of surface disinfectants available. In 2019, the alcohols category dominated the market. The segment of peracetic acid is predicted to increase at a faster rate. The significant use of alcohols on hard surfaces in hospitals and labs is responsible for the size of the alcohols market.
Surface disinfectants are divided into three categories: surface disinfection, instrument disinfection, and other applications. Surface disinfection is expected to account for the greatest proportion of the market in 2019. The high prevalence of hospital-acquired diseases around the world, as well as the higher volume of disinfectants necessary to clean these surfaces, account for the big proportion of this market.
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