Alcohol Based Disinfectants Market by Product (N-Propyl Alcohol, Methyl Alcohol, Ethyl Alcohol, Isopropyl Alcohol), By Usage Form (Spray, Gel, Wipes, Liquid), By End-Use (Residential, Commercial (Hospitals, Commercial Buildings, Schools, Office Spaces) Industrial (Agriculture, Food & Beverage), Industry Analysis Report, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
The alcohol based disinfectants market is anticipated to expand significantly owing to the favorable government initiatives regarding public health and rising awareness about to hygiene. Disinfectants are antimicrobial agents which are designed for destroying or deactivating microorganisms on different surfaces.
Alcohol-based disinfectants, when diluted in water, are effective against an extensive range of bacteria. It is generally used for disinfecting small surfaces like thermometers and rubber stoppers of multi-dose medication vials, and exterior surfaces of equipment such as ventilators and stethoscopes.
Numerous disinfectants utilize ethyl or isopropyl alcohol, which is useful for killing bacteria, and ethanol, which is effective against virus infections like flu and herpes. Alcohol-based disinfectants are likely to witness growth owing to their ability to effectively disinfect surfaces. Additionally, the availability of convenient, easy to use products in the form of wipes is likely to further foster industry growth, these products also have a pleasing odor, fast-acting, and non-staining properties.
Additionally, the ongoing COVID-19 pandemic has led to a tremendous rise in demand for disinfectants, cleaning products, disinfecting wipes, and alcohol-based hand sanitizers as a part of precautionary measures to help maintain personal hygiene and safety.
The alcohol based disinfectants market is segmented in terms of product, usage form, application, and regional landscape.
Based on product, the alcohol-based disinfectants market is categorized into isopropyl alcohol, ethyl alcohol, methyl alcohol, N-propyl alcohol, and others. N-Propyl alcohol-based disinfectants market is expected to exceed a valuation of $379.8 million by the end of the analysis period. Methyl Alcohol based disinfectants segment is likely to witness strong growth with a CAGR of 10.7% over the forecast period. The other alcohol based disinfectants are projected to grow with a CAGR of more than 9.1% over the forthcoming timeframe.
In terms of usage form, the alcohol-based disinfectants market is classified into wipes, liquid, gel, and spray. Increasing demand among union service providers for surface cleaning applications will support the demand for spray-based alcohol disinfectants. The gel-based alcohol disinfectants are likely to register tremendous gains owing to the surging demand in personal health care, thereby creating lucrative growth opportunities. Further, these products generally comprise of active ingredients such as isopropanol or alcohol and are known to be effectual antiseptic products for killing bacteria and germs.
Renowned global health organizations like the FDA, WHO, CDC have recommended the use of alcohol-based products like the sanitizers, especially now, to help prevent the spread of COVID-19. Alcohol-based sanitizers are also extensively used in healthcare facilities and hospitals for the same purpose.
From a regional frame of reference, LATAM is expected to witness steady growth with a CAGR of 9.9 % over the forecast period owing to government initiatives targeting public health. MEA alcohol-based disinfectants market might witness growth with a CAGR of over 8.4% through the projected timeframe owing to industrial applications focused towards preventing bacterial growth in the product line.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook