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How Big Is The U.S. Surface Disinfectant Market? | Grand View Research, Inc.

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How Big Is The U.S. Surface Disinfectant Market? | Grand View Research, Inc.

December 10
23:40 2020
How Big Is The U.S. Surface Disinfectant Market? | Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting
The U.S. surface disinfectant market size was estimated at USD 987.0 million in 2019 and is expected to reach USD 1,120.3 million in 2020.

U.S. Surface Disinfectant Market Growth & Trends

The U.S. surface disinfectant market size is anticipated to reach USD 1.9 billion by 2027 registering a CAGR of 9.2%, according to a new report by Grand View Research, Inc. The high prevalence of healthcare-associated infections in the country is estimated to drive market growth. Hospitals are one of the prominent end-users of the market as they are the most vulnerable to infections caused by bacteria, fungi, and viruses. Regular and periodic disinfection of hospital surfaces, equipment, and PPE kits are of utmost priority and this acts as a major factor for the market growth. The market is further driven by the rising incidences of disease outbreaks, such as the COVID-19 pandemic, which has created a steep rise in the demand for surface disinfectants from hospitals.

According to the American Hospital Association, the U.S. had a total of 6,146 hospitals comprising 924,107 total staffed beds. The Greater New York Hospital Association stated that hospitals and health systems of the U.S. represented around USD 3 trillion in economic activity in 2019. These factors signify the vastness of the healthcare and hospital sector in the U.S. and thus, project lucrative growth opportunities for the market. The market is also expected to be driven by the healthcare spending in the U.S., which is projected to increase at an annual growth rate of 5.4% between 2019 and 2028, reaching a value of around USD 6.2 trillion by 2028 (the U.S. Centers for Medicare & Medicaid Services).

The manufacturers in the country are inclined toward adopting various strategies including expansions, new product launches, joint ventures, agreements, acquisitions, and partnerships, among others, to gain a larger market share. Prominent industry stakeholders are focused on innovation and development of novel products and thus, are making significant investments in the R&D activities. Market participants have specific R&D centers committed for the development activities and are focusing on forming alliances with various research institutes and organizations to attain optimized results. Key players also maintain strong relationships with the international as well as local suppliers and distributors to maintain a consistent sales flow of their products throughout the year.

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The U.S. Surface Disinfectant Market Report Highlights

  • In 2019, chemicals emerged as the largest composition segment, concerning growing consumption of non-oxidizing disinfectants, such as quaternary ammonium compounds and alcohols

  • However, the segment may witness sluggish growth on account of consumer preference for bio-based and eco-friendly products due to the rising awareness about the effects of the toxic nature of some of the chemical-based products

  • In 2019, liquids emerged as the largest form segment due to high demand in large-scale disinfecting applications, such as floor care

  • In 2019, the industrial end-use segment led the market owing to the expansion of the food and meat processing industries

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List of Key Players of the U.S. Surface Disinfectant Market

  • BASF SE

  • Evonik Industries AG

  • The 3M Company

  • Kimberly-Clark Corporation

  • Ecolab Inc.

  • The Procter & Gamble Company (P&G)

  • Reckitt Benckiser Group plc

  • The Clorox Company

  • Medline Industries, Inc.

  • Whiteley Corporation

  • Lonza Group Ltd.

  • S. C. Johnson & Son, Inc.

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