Singapore Surface Disinfectant Market Insights Forecasts to 2033

• The Market is growing at a CAGR of 7.4% from 2023 to 2033
• The Singapore Surface Disinfectant Market Size is expected to hold a significant share by 2033

The Singapore Surface Disinfectant Market is anticipated to hold a significant share by 2033, growing at a CAGR of 7.4% from 2023 to 2033. The increasing awareness about hygiene & sanitation practices, government support, rising healthcare infrastructure, and technological advancements are driving the growth of the surface disinfectant market in Singapore.     

Market Overview

Surface disinfectant is a chemical agent that inactivates pathogens on inanimate surfaces and in turn works to prevent the spread of bacteria. The act of disinfecting surfaces routinely is a recognized way of disease prevention and control and is good practice for general hygiene. Consumers' growing preference for non-toxic and environmentally friendly products leads to the development of eco-friendly disinfectant products in order to reduce the environmental impact of these cleaning products. Further, the adoption of these products has increased as a result of the authorities' strict enforcement of norms and restrictions. The increasing need for better healthcare services surges the demand for standardized disinfection practices which is offering market growth opportunities for surface disinfectants. 

Report Coverage

This research report categorizes the market for the Singapore surface disinfectant market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Singapore surface disinfectant market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Singapore surface disinfectant market.

Driving Factors

The increasing initiatives for enhancing awareness about hygiene and sanitation practices among the people are promoting the surface disinfectant market. Ministry of Health estimates that by 2030, Singapore's national health spending could reach $43 billion. The increasing healthcare spending as well as the country’s strong healthcare infrastructure with the presence of well-known healthcare research institutes are significantly contributing to propelling the market growth for surface disinfectant. Further, the introduction of technological advancements that augment the disinfection and sanitation process is driving the market growth. For instance, in 2020, NTU Singapore researchers built a disinfection robot named eXtreme Disinfection robot (XDBOT) to aid cleaners in the COVID-19 outbreak. 

Restraining Factors

The hazardous effects of chemicals present in surface disinfectants including hypochlorite, peroxides, and acetic acid contribute to challenge the surface disinfectant market. Further, the lack of consumer awareness about the usage of disinfectants and stringent government regulations may hamper the market.

Market Segmentation

The Singapore Surface Disinfectant Market share is classified into type, composition, and application.

• The liquid segment is anticipated to hold the largest market share during the forecast period.

The Singapore surface disinfectant market is segmented by type into aerosol, gel, liquid, and wipe. Among these, the liquid segment is anticipated to hold the largest market share during the forecast period. Biobased surface disinfectants are generally used in liquid form. Further, sodium hypochlorite is one of the most often utilized liquid disinfectants in the livestock sector. The widespread application of this disinfectant is driving the market growth.

• The alcohols segment dominated the Singapore surface disinfectant market during the forecast period.       

Based on the composition, the Singapore surface disinfectant market is divided into alcohols, chlorine compounds, quaternary ammonium compounds, hydrogen peroxide, peracetic acid, and others. Among these, the alcohols segment dominated the Singapore surface disinfectant market during the forecast period. Isopropyl alcohol and denatured ethyl alcohol are broad-spectrum antimicrobial, and are rapidly bactericidal, fungicidal, and virucidal. The increased demand for alcohol-based hospital-grade disinfectants especially after the pandemic is propelling the market growth.

• The health care facilities segment accounted for the largest market share during the forecast period.

The Singapore surface disinfectant market is segmented by application into residential, commercial, health care facilities, and others. Among these, the health care facilities segment accounted for the largest market share during the forecast period. Ethyl and isopropyl alcohols have been employed as low-level disinfectants in healthcare settings. Further, sterile alcohol solutions are mostly used in compounding pharmacies and controlled areas. The increasing hygiene awareness and growing healthcare infrastructure are contributing to driving the market.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Singapore surface disinfectant market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Clorox
• Dettol
• Lysol
• Reckitt Benckiser Group PLC
• Ecolab Inc.
• 3M Company
• Kimberly-Clark Corporation
• Procter & Gamble Co.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at Singapore, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Singapore Surface Disinfectant Market based on the below-mentioned segments:

Singapore Surface Disinfectant Market, By Type

• Aerosol
• Gel
• Liquid
• Wipe

Singapore Surface Disinfectant Market, By Composition

• Alcohols
• Chlorine Compounds
• Quaternary Ammonium Compounds
• Hydrogen Peroxide
• Peracetic Acid
• Others

Singapore Surface Disinfectant Market, By Application

• Residential
• Commercial
• Health Care Facilities
• Others