3M (US) and Procter and Gamble (US) are Leading Players in the Surface Disinfectant Market
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% during the forecast period. Growth in this market is mainly driven by factors such as the growing patient population, the rising prevalence of chronic diseases, increasing prevalence of HAIs, the rising number of stringent regulations on sterilization and disinfection, and the increasing implementation of favorable government initiatives.
The key players in this market are 3M (US), Procter and 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).
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In 2020, 3M held the leading position in the surface disinfectant market. The company’s leading position in this market can be attributed to its strong global sales and distribution network, enabling it to market its products in various countries effectively. The company invests a significant amount of its revenue in R&D. The company adopts organic growth strategies such as product launches to increase its dominance in this market. This enables the company to develop and launch new products in the market. In November 2020, the company launched TB Quat Disinfectant Ready-to-Use Cleaner.
In 2020, Procter & Gamble accounted for the second-largest share of the surface disinfectant market. The company has maintained a leading position in the market through its strong distribution networks across North America, Western Europe, Asia, CEEMEA (Central & Eastern Europe, Middle East, and Africa), and Latin America.
Reckitt Benckiser Group PLC leading position in this market can be attributed to its strong sales and distribution network across the globe, which enables it to effectively market its products in various countries. It focuses on strengthening its R&D capabilities to gain a competitive advantage in the market. The company adopts organic growth strategies to increase its dominance in this market. It also focuses on product approvals to complement its existing business segments. In July 2019, the company received the EPA approval for its Lysol Disinfectant Spray and Lysol Disinfectant Max Cover Mist for surface disinfection and effective use against SARS-CoV-2.
Related Reports:
Surface Disinfectant Market by Composition (Alcohols, Chlorine, Quaternary Ammonium), Type (Liquid, Wipes, Sprays), Application (Surface, Instrument), End-User (Hospital, Diagnostic and Research Laboratories), Region - Global Forecast to 2026
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