Surface Disinfectants Market Set to Soar to a US$ 16.4 Billion Valuation by 2033- FMI Projection

In 2023, the surface disinfectants market is projected to be valued US$ 8.1 billion. Over the next ten years, the surface disinfectants market is anticipated to grow to a value of more than US$ 16.4 billion, according to Future Market Insights (FMI). Projected market growth between 2023 and 2033 is 7.3% compound annual growth rate.

Leading manufacturers of surface disinfectant chemicals have a tonne of opportunities due to the advent of cutting-edge disinfection solutions and expanding economies. Due to the rising risk of disinfectants to humans, numerous start-ups in the surface disinfectant chemicals industry globally have created a variety of alternatives to traditional chemical-based decontaminants.

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Rising healthcare costs and heightened consumer hygiene consciousness are the two main market drivers. In addition, the market is growing as more infectious diseases like hepatitis, HIV, and other hospital-acquired illnesses are becoming more common.

As individuals become more aware of the various illnesses connected to healthcare, it is projected that the demand for surface disinfectant chemicals would increase. The market is also anticipated to grow in the upcoming years, as a result of altering lifestyles and a rise in surgical procedures.

Manufacturers have historically been most worried about issues like government restrictions on the use of synthetic chemicals and a movement in consumer preference toward environmentally friendly products.

However, the market is being expanded overall due to the continually expanding demand from different industries and the implementation of stringent safety and hygiene standards. The demand for surface disinfection chemicals is largely driven by end users in the commercial and institutional sectors.

Key Takeaways

  • The UK surface disinfectant chemicals market is anticipated to expand at a CAGR of 3.4% over the anticipated time frame. By 2033, it is anticipated that the industry in the UK is likely to surpass US$ 166.6 billion.
  • The surface disinfectant chemicals market increased at a 4.6% CAGR between 2017 and 2022, citing FMI’s study.
  • The surface disinfectant chemicals market in the US is anticipated to expand at an adequate CAGR of 3.8%. By 2033, it is expected that the US market would have contributed more than US$ 1.0 billion in revenue.
  • Japan’s surface disinfectant chemicals market sector is estimated to exceed US$ 320 million by 2033.
  • Between 2023 and 2033, the surface disinfectant chemicals market is likely to increase in South Korea at 4.6% CAGR, respectively.
  • Quaternary ammonium compounds dominate the surface disinfectant chemicals market, with a CAGR of 4.1% by 2033.
  • Based on end user, commercial and institutional segments dominate the surface disinfectant chemicals market, with the CAGR of 4.2% by 2033.

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Competitive Analysis

Utilizing the rise in global demand, companies in the surface disinfectant chemicals market are working to enhance production capacity through strategic acquisitions and partnerships with other producers.

Leading surface disinfectant chemical producers are focusing on creating fresh marketing strategies and utilizing cutting-edge technologies to increase their clientele. Leading manufacturers of surface disinfection chemicals are focusing on regulating and optimizing supply efficiency in order to stay competitive in the market. They are doing this by boosting their productivity, operational effectiveness, and lead time reduction.

  • Lanxess made a formal announcement in 2020 that it intended to increase its capacity for producing oxone monopersulfate, a crucial component in disinfection formulations, by about 50%.
  • Lonza increased its microbiological capacity in 2020 and extended its long-term collaboration wi th Servier for the production of L-asparaginase API.

Key players                      

  • Evonik Industries AG
  • LANXESS AG
  • Solvay S.A.
  • BASF SE
  • Lonza Group AG
  • Dow Inc.
  • Arkema SA
  • Mitsubishi Gas Chemical Company, Inc.
  • Hodogaya Chemical Co., Ltd.
  • Olin Corporation
  • Hansol Chemical Co., Ltd.
  • Dishman Carbogen Amics Ltd.

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Key Segments

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

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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