Diverse Global Players Dominate the Market Holding the Majority Revenue Share Despite Presence of ~250 Competitors Comprising a Large Number of Country-Niche Players and Regional Players, finds a recent market study on Global Surface Disinfectant Market by Ken Research
A
surface disinfectant is a synthetic substance used to treat or sanitize the
microorganism present on the surfaces such as walls, tabletops, floors, etc.
Surface disinfectants help in reducing or eliminating the presence of
pathogens, minimizing the risk of spreading bacteria along with maintaining
hygiene. Ken Research shares 3 key insights on the competitive landscape of
this dynamic market from its latest research study.
Global Players that constitute about 10% of the Total
Number of Competitors Hold the Largest Revenue Share While Regional Companies
Also Have a Strong Presence
A
comprehensive competitive analysis conducted during the Research Study
found that the Global Surface Disinfectant market is highly competitive with
~250 players which include globally diversified players, regional players as
well as country-niche players having their own niche in surface disinfectant
products for specific segments. The large global players comprise about 10% in
terms of the number of companies and hold the majority of the market revenue
share followed by regional players. Most of the country-niche players are local
suppliers of disinfectant products and sell their products in small shops or by
direct selling method. Some of these who successfully evolve to capture some
markets often get acquired by large global players seeking to grow and
diversify quickly.
Leading Global Players' Ongoing Efforts To Provide
Advanced Surface Disinfectant Product To A Variety of End-users Are Driving
Their Revenue Growth From This Market
Detailed
comparative analysis of key competitors available within the
Research Study shows that global players such as Reckitt Benckiser
Group PLC, SC Johnson Professional, Procter and Gamble, are highly focused on
providing a significant number of surface disinfectant products that can be
used across multiple end-user industries like hospital & Clinics,
household, commercial facilities, educational institutions, etc. Furthermore,
several companies and organizations are aggressively investing in R&D to
improve product quality, introduce more products in spray form, and introduce
biobased surface disinfectants.
- In March 2021,
BASF signed a partnership agreement with Allied Carbon Solutions Co., Ltd.
(ACS) Japan to strengthen its global position in bio-based surfactants and
actives.
- In April 2021,
Unilever partnered with LanzaTech and India Glycols to produce a
surfactant made from industrial carbon emissions instead of fossil fuels.
The Ongoing COVID-19 Led to A Significant Increase in
Demand for Surface Disinfectant Products Across the Globe. Even After the
Pandemic Major Players are Developing and Launching New Products to Maintain
their Market Share
In
February 2021, P&G launched Microban 24, the new disinfectant brand in the
UK, the product range offers protection against bacteria in homes, not only
initially killing 99.9% of bacteria and select viruses, including COVID-19
virus and flu virus, but continuing to kill bacteria for up to 24 hours, even
after multiple touches. In April 2020, ITC launched its product Savlon Surface
Disinfectant Spray which claims that spray kills 99.99% of germs around the
home, including viruses, bacteria, molds & fungi.
Increased Regulations of Regulatory Bodies and
Governments to Maintain Hygiene for Covid-19 and Major Players’ Interest in
Surface Disinfectant Market Led to Industry-Wide Developments, Acquisitions,
And Deal-Wins
- On 31st
March 2022, World Health Organization (WHO) updated its regulation
regarding non-healthcare settings like sodium hypochlorite may be used at
a recommended concentration of 0.1% or 1,000ppm. Alcohol at 70-90% can
also be used for surface disinfection.
- Since the
Pandemic Health Canada has published a list of hard-surface disinfectants
that are likely to be effective for use against (COVID-19). This list is
updated regularly.
- In March 2020,
Chimcoplex received approval from the Ministry of Health, Romania, for the
production of 1.25% sodium hypochlorite. This is further expected to
support the surface disinfectant manufacturers for production and thus
drive the growth of the market segment.
For More
Information, refer to below link:-
Global
Hospital Disinfectant Products Market
Related Report
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