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CHEMICALS AND ADVANCED MATERIALS

Alcohol Based Disinfectants Market Segmentation By Product Type (Methyl Alcohol, Ethyl Alcohol, Isopropyl Alcohol and N-propyl Alcohol); By Application Type (Hand Sanitizers, Clinical Devices, Clinical Surfaces and Others); By End Users (Hospitals & Clinics, Households, Residential Washrooms, Industrial Bodies, Research Labs and Others) - Global Demand Analysis & Opportunity Outlook 2028

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Extensive insights into the Growth of Alcohol Based Disinfectants Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS
  • On March 19, 2020: the government announced to regulate the production, price and quality of the alcohol used in the production of hand sanitizers to keep an eye on the prices of sanitizers under the Essential Commodities Act 1955. Further, the consumer affairs ministry had put hand sanitizers under Essential Commodities Act to track these items as they are being used at large scale during COVID-19.

Introduction to Alcohol Based Disinfectants

Alcohol bases disinfectants are usually applied on a surface to kill microorganisms and bacteria efficiently. These disinfectants contain ethanol as a basic component and are widely used in several facilities for equipment sterilization. The most commonly used disinfectants are ethanol and isopropanol as they coagulate proteins and destroy most of the lipophilic viruses. Disinfectants are both effective & safe and choice of disinfectant to be used depends on different situations.

Market size and Forecast

The market for alcohol based disinfectants is anticipated to record a significant CAGR of around 8% over the forecast period that is 2020-2028. The rising demand for alcohol based disinfectants along with the number of epidemics in past and now COVID-19 is driving the market growth. The effect of epidemics has pushed the world towards better hygiene and health care to shield themselves from potential virus infections. Further, the growth of disinfectants in various industrial applications such as medical and cosmetics to kill germs and prevent contamination is accelerating the market growth.

On the basis of application type, the market is segmented into hand sanitizers, clinical devices, clinical surfaces and others, out of which, hand sanitizers market is estimated to dominate the market on the back of growing concerns regarding diseases and infections caused by unclean hands. In addition, the demand for hygiene products related to hands is exceeding worldwide owing to the significance of cleaning practices among consumers and its advantage over other hand washing products as it can be used without water. Further, its property of rapid evaporation and germ killing efficiency is boosting the market growth. CLICK TO DOWNLOAD SAMPLE REPORT

Growth Drivers

Growing Awareness Regarding Disinfectants

Rising awareness regarding the use of alcohol based disinfectants for the improvement of health by regulatory bodies and various brands is accelerating the market growth. Further, the requirement of safe environment in medical facilities for contracting illness and rising influence regarding personal care and healthy lifestyle on social media is fuelling the usage of alcohol-based disinfectants. The emphasis of government on hygienic environment in emerging economies along with infection control programs in hospitals is spurring the market growth.

Rising Demand in Paint, Cosmetic and Soap Industries

The alcohol based disinfectants has a prominent application in these industries. These disinfectants are added in paints to kill harmful infection causing microorganisms to disinfect the paint. Further, in cosmetic industry, alcohol-based disinfectants are used as an efficient preservative to eliminate bacteria. Additionally, these disinfectants are added to soaps for moisturizing purpose and to wash away the microorganisms. The growth in these industries is anticipated to propel the growth of the market over the forecast period.

Restraints

Availability and Low Cost of Non Alcohol Based Disinfectants

The low prices of non alcohol based disinfectants and increasing perception of consumers regarding alcohol based disinfectants that they consist of harmful chemical ingredients is hampering the growth of the market. Further, some of the alcohol based disinfectants have toxic properties which make it dangerous for cleaning personnel and can cause environment hazards. Hence, these factors are expected to hinder the market growth.

Market Segmentation

Our in-depth analysis of alcohol based disinfectants market includes the following segments:

By Product Type

  • Methyl Alcohol
  • Ethyl Alcohol
  • Isopropyl Alcohol
  • N-propyl Alcohol

By Application Type

  • Hand Sanitizers
  • Clinical devices
  • Clinical Surfaces
  • Others

By End Users

  • Hospitals & Clinics
  • Industrial Bodies
  • Households
  • Residential Washrooms
  • Research Labs
  • Others

By Region

On the basis of regional analysis, the alcohol based disinfectants market is segmented into five major region including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market for alcohol-based disinfectants in North America is anticipated to hold the leading share owing to the presence of large number of players in developed countries. Further, growing emphasis on public health and regulations of high level disinfectants by US Food and Drug Administration (FDA) is fostering the demand in the region. The market in Asia Pacific region is estimated to be fastest growing on the account of rising urbanization. In addition, supportive initiatives by government regarding cleanliness and infection prevention along with the rising disposable income of the people will drive the market growth.

The alcohol based disinfectants market is further classified on the basis of region as follows:

  • North America (US, Mexico and Canada) Market size, Y-O-Y growth and Opportunity analysis.
  • Europe (France, Germany, Spain, UK, Russia and Other parts of Europe) Market size, Y-O-Y growth and Opportunity analysis.
  • Asia Pacific (Japan, India, China, Malaysia, Singapore and Southeast Asia) Market size, Y-O-Y growth and Opportunity analysis.
  • Latin America (Argentina, Australia, Colombia and Brazil) Market size, Y-O-Y growth and Opportunity analysis.
  • Middle East & Africa (Saudi Arabia, United Arab Emirates, Egypt and South Africa) Market size, Y-O-Y growth and Opportunity analysis.

Top Key Players Dominating the Market

 


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