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Moreover, sanitization at hospitals and Coronavirus hot spots are resulting in higher sanitization activity across the country. The commercial sanitization market is segmented based on ingredients, end use, distribution channel, company and region. Based on ingredients, the market is segmented into Ethanol, Iso Propyl Alcohol, Sodium Hypochlorite, Chloroxylenol / Benzalkonium Chlorine and Others.
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FY2015 – FY2025 INDIA COMMERCIAL SANITIZATION MARKET FORECAST & OPPORTUNITIES www.techsciresearch.com MARKET INTELLIGENCE . CONSULTING
Scope of Report Product of Interest (POI): Commercial Sanitization India commercial sanitization market is expected to grow at a substantial rate during the forecast period. The India commercial sanitization market is driven by existence of strict regulations pertaining to the use of surface disinfectants predominantly in hospitals, diagnostic laboratories, hotels, among others. Additionally, increasing awareness regarding hygiene and the need for disinfection is anticipated to positively impact the growth of market during the forecast period. Also, growing risk of getting hospital-acquired infections is further expected to bolster the growth of market over the next few years. Market Segmentation APPLICATION DISTRIBUTION CHANNEL PRODUCT TYPE Year Range Retail • Aerosol Spray • Store Based • Office • Trigger Spray • Non-Store Based • Hospital • Disinfectant • Review Period Hotel • Chambers REGION FY2015 – FY2018 Government • Others • North • Base Year Building INGREDIENT East • Tourist Spots • FY2019 West • Ethanol Others • • Estimated Year South • Iso Propyl Alcohol • FY2020 Hydrogen Peroxide • Sodium Hypochlorite • Forecast Period Chlorine Dioxide • FY2021 – FY2025 Others • 2 © TechSci Research
Table of Contents S. No. Contents Page No. 1. Product Overview 2. Research Methodology 3. Impact of COVID-19 on India Commercial Sanitization Market 4. Executive Summary 5. Voice of Customer 6. India Commercial Sanitization Market Outlook Market Size & Forecast 6.1. 6.1.1. By Value 6.2. Market Share & Forecast 6.2.1. By Product Type (Aerosol Spray, Trigger Spray, Disinfectant Chambers, Others) By Application (Retail, Office, Hospital, Hotel, Government Building, Tourist Spots, Others) By Ingredient (Ethanol, Iso Propyl Hypochlorite, Chlorine Dioxide, Others) 6.2.2. Alcohol, Hydrogen Peroxide, Sodium 6.2.3. 6.2.4. By Distribution Channel (Store Based Vs Non-Store Based) 6.2.5. By Region (North, East, West, South) 6.2.6. By Company (FY2019) Market Attractiveness Index 6.3. 7. North India Commercial Sanitization Market Outlook Market Size & Forecast 7.1. 7.1.1. By Value 3 © TechSci Research
Table of Contents S. No. Contents Page No. 7.2. Market Share & Forecast 7.2.1 By Product Type 7.2.2. By Application 7.2.3. By Ingredient 7.2.4. By Distribution Channel 7.3. By Leading State (Top 3 States) 8. East India Commercial Sanitization Market Outlook Market Size & Forecast 8.1. 8.1.1. By Value 8.2. Market Share & Forecast 8.2.1 By Product Type 8.2.2. By Application 8.2.3. By Ingredient 8.2.4. By Distribution Channel 8.3. By Leading State (Top 3 States) 9. West India Commercial Sanitization Market Outlook Market Size & Forecast 9.1. 9.1.1. By Value 9.2. Market Share & Forecast 9.2.1 By Product Type 9.2.2. By Application 4 © TechSci Research
Table of Contents S. No. Contents Page No. 9.2.3. By Ingredient 9.2.4. By Distribution Channel 9.3. By Leading State (Top 3 States) 10. South India Commercial Sanitization Market Outlook Market Size & Forecast 10.1. 10.1.1. By Value 10.2. Market Share & Forecast 10.2.1 By Product Type 10.2.2. By Application 10.2.3. By Ingredient 10.2.4. By Distribution Channel 10.3. By Leading State (Top 3 States) 11. Market Dynamics 11.1. Drivers/Opportunities 11.2. Challenges/Restraints 12. Market Trends & Developments 13. Policy & Regulatory Landscape 14. India Economic Profile 15. Value Chain Analysis 16. Cost Structure (Raw Material Cost, Selling & Distribution Cost, Employee Cost) 17. Competitive Landscape 18. Strategic Recommendations 19. About Us & Disclaimer 5 © TechSci Research
RESEARCH METHODOLOGY RESEARCH METHODOLOGY
Research Methodology Market Profiling Data Analysis Data Data Developing List of Respondents Formulating Questionnaire Collection Validation In-depth secondary research was conducted to determine top players in India commercial sanitization market, overall market size and segmental market size. The data was scrutinized using MS-Excel, statistical tools and internal proprietary database to obtain qualitative and quantitative insights about India commercial sanitization market. Data obtained as a result of primary and secondary research was validated through rigorous triangulation. TechSci conducted interviews with industry experts and industry players for data collection and verification. In order to conduct industry experts’ interviews, TechSci formulated a detailed discussion guide. List of industry players and industry specialists was developed. Primary Research Desk Research Company Analysis ✓ ✓ Recent Developments Market Changing Aspects/Dynamics Government Policies Conclusion ✓ ✓ Market Participants Key Strengths ✓ Identifying Key Opinion Leaders Questionnaire Design In-depth Interviews Actionable Insights Data Filter & Analysis Business Solution Research & Intelligence Data Collection ✓ ✓ ✓ ✓ Primary Research Secondary Research Paid Sources LinkedIn TechSci Internal Database Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body Associations, etc. Factiva Hoovers ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ 7
Research Methodology Baseline Methodology Our dedicated team of industry experts has monitored and analyzed various aspects of India commercial sanitization market. The team has analyzed the outlook of various segments of this market, while considering the major influencing factors such as the increasing awareness regarding hygiene. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to achieve sustainability in India commercial sanitization market. Methodology Followed for Calculation of Market Size: Market Size by Value: Market size, in terms of value, for the year FY2019 was calculated based on information collected through exhaustive • secondary research and primary surveys, with various key opinion leaders/stakeholders, such as commercial sanitization companies, channel partners, end-user industry experts, and other industry participants. The team interviewed more than 15-20 commercial sanitization companies, 100 – 120 end use industries, and 15 – 20 industry experts and other • value chain stakeholders in India commercial sanitization market to obtain the overall market size for FY2015-FY2019, which was validated by the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data for FY2015- FY2019. 8
Research Methodology Respondents were asked about the current and future market growth rates, market shares by product type, by application, by ingredient, by • distribution channel, by region and by company. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various segments were further triangulated from other stakeholders. Methodology Followed for Calculation of Market Shares: Market shares by product type, by application, by ingredient, by distribution channel, by region and by company were calculated based on the • responses received through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from various segments of commercial sanitization market. The final shares were calculated by taking the geometric mean of the responses gathered from key opinion leaders after eliminating the outliers. Methodology Followed for Forecasting: TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in • SPSS/Tableau Software. Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast India commercial • sanitization market, TechSci Research used various forecast techniques such as: Moving Average ✓ Time Series Analysis ✓ Regression Analysis ✓ Econometric and Judgmental Analysis ✓ 9
Research Methodology TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research also used the impact analysis during short, medium and long- term period to estimate and analyse market demand scenario. It should be noted that the figures compiled are only for the organized market including market share data. Partial List of Companies Interviewed Key Secondary Sources ▪ The Procter & Gamble Company ▪ World Bank ▪ Ecolab Inc. ▪ TechSci Research Proprietary Database & Knowledge ▪ Hindustan Unilever Limited Repository ▪ Henkel AG & Company ▪ Company Annual Reports ▪ SC Johnson ▪ Industry Magazines ▪ Diversey India Pvt Ltd ▪ Schevaran Laboratories Pvt Ltd. ▪ Industry Reports ▪ Buzil Rossari Pvt Ltd ▪ News Dailies ▪ Reckitt Benckiser (India) Ltd ▪ Credible Paid Databases ▪ Satol Companies 10 © TechSci Research
Industry Brief According to a recently released TechSci Research report, “India Commercial Sanitization Market By Ingredient, By End Use, By Distribution Channel, By Region, Competition, Forecast & Opportunities, 2025”, India commercial sanitization market stood at around $ 611 million in 2019 and is projected to grow at 27% CAGR until 2025. The commercial sanitization market is majorly driven by increase in COVID-19 cases in the country. Moreover, unlocking of the country’s economy, opening up of commercial spaces like malls, offices, etc., and resumption of interstate travel are the major factors propelling demand for commercial sanitization. The commercial sanitization market is segmented based on ingredients, end use, distribution channel, and region. Based on ingredient segmentation, the commercial sanitization market is categorized into Ethanol, Iso Propyl Alcohol, Sodium Hypochlorite, Chloroxylenol / Benzalkonium Chlorine and Others. Sodium Hypochlorite grabbed the largest market share, followed by Ethanol, Chloroxylenol / Benzalkonium Chlorine, and Iso Propyl Alcohol segments. The distribution channel of India Commercial Sanitization market is categorized into store based and non- store based segments. The demand for commercial sanitizers is majorly fulfilled by non-store based segment as this segment involves bulk buying while ensuring quick availability. In terms of region, the India commercial sanitization market is categorized into North, West, East, and South regions. West and North regions cumulatively accounted for around two-third of the market share in 2019, and the dominance of the both the regions is expected to further strengthen in the coming years. Both of these regions account for a higher number of COVID-19 cases, which has been leading to increase in sanitizing activities at railway stations, buses, cabs, offices and other commercial places, to stop the spread of virus. “India commercial sanitization market is expected to grow at robust pace due to the rising awareness and increasing government focus on controlling the spread of pandemic in the country. The sanitization activity is being conducted at regular time intervals at airports, railway stations, trains, buses, commercial buildings and other places, which is driving the consumption of commercial sanitizers. Further, malls, offices, production units and other buildings need to be sanitized as per government regulations, which is also positively impacting market growth.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 11 © TechSci Research
Sample Data - Snapshot India Commercial Sanitization Market Size, By Value (USD Million), FY2015-FY2025F 15.00 14.00 13.00 12.00 11.00 10.00 9.00 8.00 7.00 6.00 5.00 CAGR By Value XX% CAGR By Value YY% FY2015 FY2019 FY2020E FY2025F By Value (USD Million) North India Commercial Sanitization Market Share, By Product Type, By Value, FY2015-FY2025F India Commercial Sanitization Market Share, By Product Type, By Value, FY2015-FY2025F Aerosol Spray Trigger Spray Disinfectant Chambers Others Aerosol Spray Trigger Spray Disinfectant Chambers Others 25% 25% 25% 25% 25% 25% 25% 25% FY2025F FY2025F 25% 25% 25% 25% 25% 25% 25% 25% FY2024F FY2024F 25% 25% 25% 25% 25% 25% 25% 25% FY2023F FY2023F 25% 25% 25% 25% 25% 25% 25% 25% FY2022F FY2022F 25% 25% 25% 25% 25% 25% 25% 25% FY2021F FY2021F 25% 25% 25% 25% 25% 25% 25% 25% FY2020E FY2020E 25% 25% 25% 25% 25% 25% 25% 25% FY2019 FY2019 25% 25% 25% 25% 25% 25% 25% 25% FY2018 FY2018 25% 25% 25% 25% 25% 25% 25% 25% FY2017 FY2017 25% 25% 25% 25% 25% 25% 25% 25% FY2016 FY2016 25% 25% 25% 25% 25% 25% 25% 25% FY2015 FY2015 North India Commercial Sanitization Market Share, By Ingredient, By Value, FY2015-FY2025F Ethanol Iso Propyl Alcohol Hydrogen Peroxide Sodium Hypochlorite Chlorine Dioxide Others 17% 17% 17% 17% 16% 16% FY2025F 17% 17% 17% 17% 16% 16% FY2024F 17% 17% 17% 17% 16% 16% FY2023F 17% 17% 17% 17% 16% 16% FY2022F 17% 17% 17% 17% 16% 16% FY2021F 17% 17% 17% 17% 16% 16% FY2020E 17% 17% 17% 17% 16% 16% FY2019 17% 17% 17% 17% 16% 16% FY2018 17% 17% 17% 17% 16% 16% FY2017 17% 17% 17% 17% 16% 16% FY2016 17% 17% 17% 17% 16% 16% FY2015 12 © TechSci Research
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