Alcohol-Based Disinfectants Market

The Alcohol-Based Disinfectants Market is expected to reach US $4.93 billion by 2029, thanks to growth in the Type, Usage, and Application segment. The report analyzes market dynamics by region and end-user industries.

Alcohol-Based Disinfectants Market Overview:

The Alcohol-Based Disinfectants Market was valued at US $1.85 Bn. in 2020, and it is expected to reach US $4.93 Bn. by 2029 with a CAGR of 11.50% during the forecast period.

Disinfectants are chemical substances or compounds that are used to kill or prevent the growth of microorganisms on non - reactive surfaces. A mixture of 60–90 % alcohol and 10–30 % distilled water is used to make alcohol-based disinfectants.To know about the Research Methodology :- Request Free Sample Report

COVID–19 Influence on Alcohol-Based Disinfectants Market:

During the COVID-19 pandemic, consumers were in high demand for alcohol-based disinfectants, which play a critical role in fighting life-threatening viruses. In comparison to other industries, this market had a positive impact on overall growth. To meet the global demand for disinfectants, the majority of the key players increased their production capacities. However, in response to an increase in COVID-19 cases worldwide, new entrants in the manufacture of sanitizers and disinfectants have emerged to meet the increased demand for alcohol-based compounds.

Government lockdowns and production halts had no global impact on this market since the need and importance of disinfectants for sanitizing purposes continues to rise in hospitals, laboratories, household uses, and offices. Thus, the market's growth is expected to remain positive over the forecast period.

Alcohol-Based Disinfectants Market Dynamics:

Viruses outbreak has surged demand for alcohol-based disinfectants

The impact of a series of virus outbreaks like the COVID-19, Ebola, Nipah and many others have pushed the world toward strict hygiene activities. Medical communities, and individuals, have rushed into action and are focusing their efforts on disease prevention. The use of alcohol-based disinfectants and sanitizers proved to be very effective against all these deadly viruses. Thus, preventive measures against deadly viruses are driving and expected to drive the growth of the market over the forecast period.

Substitution for alcohol-based disinfectants

Also, increasing demand for alcohol-based disinfectants from the growing food industries to maintain the safety of the food and hygiene environment while preparation of the food products is expected to drive the global market growth over the forecast period. Since technological advancements and ongoing R&D (Research and Development), non-alcohol disinfectants have begun replacing alcohol-based disinfectants. These non-alcohol disinfectants are less expensive as compared to alcohol-based disinfectants. This replacement is expected to hamper the growth of the market globally over the forecast period.

Alcohol-Based Disinfectants Market Segment Analysis:

Based on Type, the Alcohol-Based Disinfectants Market is segmented into five types as follows, Methyl alcohol, Ethyl alcohol, Isopropyl alcohol, n-Propyl alcohol, and Others.

In 2020, the Isopropyl alcohol segment was dominant and it was valued at US $0.720 billion. This is a common component in disinfection formulations. It is widely used in disinfectants at concentrations of 60%–80% because it is a potent antiviral agent that can inactivate all lipophilic viruses such as herpes, vaccinia, and other influenza viruses, as other hydrophilic viruses such as Rota-viruses, Entero-virus, Rhino-virus, and, Adeno-virus. The Alcohol-Based Disinfectants Market is growing because of the rising demand for isopropyl-based disinfecting chemicals in hospitals and commercial applications to control the growing risk of the COVID-19 pandemic.Based on Usage, the Alcohol-Based Disinfectants Market is segmented into four types as follows, Wipes, Spray, Liquid, and Gel.

In 2020, the Liquid segment was dominant and it was valued at US $0.743 billion. Since liquid-based alcohol disinfectants are highly effective against a wide range of microorganisms, they are frequently used for sanitization and are in high demand in normal sanitary processes. As these chemicals restrict the spread of infection, liquid disinfectants are commonly used for routine cleaning of pipes, utensils, and surfaces.

Based on Application, the Alcohol-Based Disinfectants Market is segmented into five types as follows, Healthcare, Residential, Food & Beverage, Commercial, and Others.

In 2020, the Healthcare segment was dominant and held xx% of the overall market share and it is expected to grow at a CAGR of xx% over the forecast period. This is mostly related to the growing use of disinfectants to maintain strict hygiene in the hospitals and to sterilize the equipment used for treatment or surgery purposes.

Alcohol-Based Disinfectants Market Regional Insights:

In 2020, Asia Pacific was the dominant region and held the highest share 33.50% of the Alcohol-Based Disinfectants Market because of the rising need for disinfectants from the healthcare sector to sterilize the equipment and maintain hygiene. It is further expected to grow rapidly thanks to increasing awareness about health and hygiene practices in this region.

The North American market held 22.15% of the overall market share in 2020. The alcohol-based disinfectants market in Europe was valued at US $0.455 billion and is likely to exhibit substantial gains of over 10.5% over the forecast period. The rapid adoption of new technologies by leading companies for greater disinfectant production is expected to help the market’s growth in Europe.

The objective of the report is to present a comprehensive analysis of the Alcohol-Based Disinfectants Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Alcohol-Based Disinfectants Market dynamics, structure by analyzing the market segments and project the Alcohol-Based Disinfectants Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Market make the report investor’s guide.

Alcohol-Based Disinfectants Market Scope: Inquire before buying

Alcohol-Based Disinfectants Market, by Region

North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)

Alcohol-Based Disinfectants Market Key Players

1. 3M
2. Bode Chemie GmbH
3. Ecolab
4. DuPont
5. Johnson & Johnson Services Inc.
6. Reckitt Benckiser Group plc.
7. Acuro Organics Limited
8. Kao Corporation
9. Evonik Industries AG
10.Lanxess
11.Sabic
12.Dow
13.The Clorox Company
14.Stepan Company
15.Procter & Gamble
16.Kutol
17.Spartan Chemical Company Inc.
18.Vi- Jonamong
19.Others

Frequently Asked Questions:

1. What is the forecast period considered for the Alcohol-Based Disinfectants market report?
Ans. The considered forecast period for the Alcohol-Based Disinfectants market is 2022-2029.

2. Which key factors are hindering the growth of the Alcohol-Based Disinfectants market?
Ans. The replacement of alcohol-based disinfectants with non-alcohol-based disinfectants is the key factor is hindering the growth of the Alcohol-Based Disinfectants market.

3. What is the compound annual growth rate (CAGR) of the Alcohol-Based Disinfectants market for the next 6 years?
Ans. The Alcohol-Based Disinfectants Market is expected to grow at a CAGR of 11.50% during the forecast period (2023-2029).

4. What are the key factors driving the growth of the Alcohol-Based Disinfectants market?
Ans. The outbreak of the Covid-19 pandemic, increasing the demand for sanitization of an individual and other sectors like hospitals, residential is driving and expected to drive the growth of the market during the forecast period.

5. Which are the worldwide major key players covered for the Alcohol-Based Disinfectants market report?
Ans. 3M, Bode Chemie GmbH, Ecolab, DuPont, Johnson & Johnson Services Inc., Reckitt Benckiser Group plc., Acuro Organics Limited, Kao Corporation., Evonik Industries AG, Lanxess, Sabic, Dow, The Clorox Company., Stepan Company, Procter & Gamble, Kutol, Spartan Chemical Company Inc., Vi- Jonamong, and Others.