Alcohol Based Disinfectants Market Size

Alcohol Based Disinfectants Market size was over USD 2.23 Billion in 2023 and is expected to exceed USD 9.18 Billion by 2036, witnessing over 11.5% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of alcohol based disinfectants is evaluated at USD 2.46 Billion. The growth of the market can be attributed to the increasing penetration of alcohol based disinfectants owing to their anti-bacterial and cleansing properties. The rising use in hospitals and household uses is estimated to propel the market growth in the coming years. The rising applications of alcohol based disinfectants as sterilizer is propelling the market growth. As per the reports, more than 35% of adults in the US use disinfectants and other potential cleaning products to improve safety in their houses.

In addition to these, growing applications in commercial and non-commercial applications are estimated to drive market growth. Growing use in hospitals, clinics, and healthcare sectors for cleansing thermometers and other medical equipment to disinfectant after use for each infected patient is estimated to hike the market growth. The increasing risk of occurrence of infections from various bacteria and fungi is estimated to fuel the market growth. Hospital spending in 2021 increased to USD 1300 billion with a growth rate of 6% from 2020.