The global Alcohol Based Disinfectant Market accounted for USD 2.2 Billion in 2020 and is expected to reach USD 4.5 Billion by 2028, growing at a CAGR of around 9.3% between 2021 and 2028.
Alcohol Based Disinfectant Market
The global Alcohol Based Disinfectant market accounted for USD 2.2 Billion in 2020 and is expected to reach USD 4.5 Billion by 2028, growing at a CAGR of around 9.3% between 2021 and 2028.
Alcohol-based disinfectants are antimicrobial agents that are added to a surface to destroy microorganisms and provide a sterile atmosphere. The term "alcohol-based disinfectant" refers to a concentrated solution of alcohol (mostly isopropyl alcohol) used for sanitation. Alcohol-based disinfectants are made up of a mixture of 60–90% alcohol and 10–30% distilled water. For cleansing and moisturizing purposes, alcohol-based disinfectants are added to glycerin soaps. Alcohol-based disinfectants are used in aerosol sprays used for coverage and adhesion on rough surfaces such as counter-tops, showers, and toilets. Alcohol is an excellent disinfectant since it evaporates quickly and leaves no traces. Alcohols can also dissolve liquids, making them effective against viral cells that are covered in liquid. Furthermore, they are low-cost and easy to use. Because of the increase in hospital-acquired infections, nearly all hospitals now use alcohol-based disinfectants in any operation.
The global alcohol-based disinfectant industry has grown as people's understanding of hygiene has increased around the world. The global alcohol-based disinfectant market is expected to rise due to rising demand from the soap industry.
The worldwide lockdown of processing plants as a result of the Coronavirus pandemic has affected supply chains. However, new entrants in the manufacture of sanitizers and disinfectants have emerged to meet the growing demand for alcohol-based chemicals in the wake of an increase in COVID-19 cases around the world. Because of the growing use of these chemicals for disinfection purposes in clinics, laboratories, private offices, and households, government lockdowns and production halts have had no effect on this sector. The market would remain bullish in upcoming year.
The significant increase in the global Alcohol Based Disinfectant market size in 2020 is estimated on the basis of the COVID-19 outbreak and its positive impact on the economies and industries across the globe. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation.
A variety of epidemics have been recorded in the last few years. From previous outbreaks of Nipah and Ebola to the current Coronavirus pandemic, these have prompted people to take greater precautions to protect themselves against potentially lethal viral infections. Alcohol-based disinfectants are also essential in the fight against COVID-19 which has boosted the market growth in last year. The demand for alcohol-based disinfectants and sanitizers has increased as people become more aware of the importance of sanitation and cleanliness in order to avoid contamination.
However, the increased use of non-alcoholic based disinfectants can suppress the growth of the alcoholic based disinfectant market in the coming years.
|Report Attributes||Report Details|
|Report Name||Alcohol Based Disinfectant Market|
|Market Size in 2020||USD 2.2 Billion|
|Market Forecast in 2028||USD 4.5 Billion|
|Compound Annual Growth Rate||CAGR of 9.3%|
|Number of Pages||155|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Key Companies Covered||3M Company, Bode Chemie, Ecolab Inc, Vaportek Inc., Reckitt Benckiser Plc, Kao Corporation, DuPont among other|
|Segments Covered||By Product Type, By Application, and By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latian America, Middle East and Africa (MEA)|
|Countries Covered||North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
|Historical Year||2018 to 2020|
|Forecast Year||2021 - 2028|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
Based on types, the Alcohol Based Disinfectants market is divided as N-propyl alcohol, Methyl alcohol, Ethyl alcohol and Isopropyl alcohol. Ethyl alcohol contributes majorly in the type segment. Ethyl alcohol is commonly used in disinfectants at concentrations of 60–80% because it is an active virucidal agent that can inactivate all lipophilic viruses, including herpes, vaccinia, and other influenza viruses, as well as other hydrophilic viruses.
Alcohol Based Disinfectants are used in Sanitizers, Clinical devices and Clinical surfaces. Hand sanitizers are in high demand, and this development is expected to continue in the coming years. The outstanding success is the result of increased public knowledge of diseases and pathogens spread by unclean hands.
Some of the major players of global Alcohol Based Disinfectant market includes 3M Company, Bode Chemie, Ecolab Inc, Vaportek Inc., Reckitt Benckiser Plc, Kao Corporation, DuPont among other
The global Alcohol Based Disinfectant Market was valued at USD 2.2 billion in 2020.
The global Alcohol Based Disinfectant Market is expected to reach USD 4.5 billion by 2028, growing at a CAGR of 9.3% between 2021 to 2028.
Alcohol-based disinfectants are also essential in the fight against COVID-19 which has boosted the market growth in last year. The demand for alcohol-based disinfectants and sanitizers has increased as people become more aware of the importance of sanitation and cleanliness in order to avoid contamination.
In 2020, North America accounted towards a major share of alcohol based disinfectant market and will continue to dominate the market over the next few years. But, increase in infectious diseases would propel the growth of the market worldwide
Some of the major players of global Alcohol Based Disinfectant market includes 3M Company, Bode Chemie, Ecolab Inc, Vaportek Inc., Reckitt Benckiser Plc, Kao Corporation, DuPont among others.