Advertising Driven Press Release Distribution
Advertising Driven Press Release Distribution
The alcohol-based disinfectants market size is forecast to reach US$2.8 billion by 2027, after growing at a CAGR of 10.8% during the forecast period of 2022-2027. The alcohol-based disinfectants industry uses anti-microbial agents which are used to kill harmful microorganisms are known as disinfectants. Alcohol-based disinfectants such as isopropyl alcohol are used in hospitals and commercial applications. The medicine industry which has immense use for alcohol-based disinfectants is expected to augment the market growth. Methyl alcohol is being used in the paint industry and has observed continuous growth over the past few years and is expected to bolster the global market growth. Alcohol-based disinfectant is an extremely strong cleaning agent that is used in various facilities for numerous equipment sterilization. Growing consumer preference for hand sanitizers has enhanced the global alcohol-based disinfectants market growth. The growing change in demand for domestic and industrial disinfectants is estimated to boost the market growth over the next few years. The ability of alcohol-based disinfectants to efficiently kill germs and evaporate immediately is predicted to drive global market growth.
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. According to the Centers for Disease Control and Prevention (CDC) the sale of hand sanitizers skyrocketed by 300% and 470% in the last week of February and the first week of March in 2020, respectively, in comparison to 2019. Similarly, in Italy – one of the most affected countries by CoViD-19 – sales of hand sanitizers in supermarkets augmented by 561% during the first three weeks of the pandemic (24th February-15th March 2020) compared to the previous year 2019.
Alcohol-based disinfectants market Analysis – By Composition
Isopropyl alcohol held the largest share of over 35% in the alcohol-based disinfectants market in the year 2021. 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, adenovirus. 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. According to OECD (organization for economic co-operation and development), the COVID-19 pandemic has led to a sharp increase in health spending. The average health spending to GDP ratio jumped from 8.8% in 2019 to 9.7% in 2020, across OECD countries with available data. The United Kingdom estimated an increase from 10.2% in 2019 to 12.8% in 2020, while Slovenia anticipated its share of spending on health rising from 8.5% to more than 10%. healthcare requires proper sanitization in hospitals which involves the usage of methyl alcohol, ethyl alcohol, and isopropyl alcohol for sanitization thus, driving the market growth for the alcohol-based disinfectants market.
Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=510936
Report Price: $ 5900 (Single User License)
Alcohol-based disinfectants market Segment Analysis – By Product Type
Liquid-based alcohol disinfectants held the largest share of over 30% in the alcohol-based disinfectants market in the year 2021. 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. Disinfectants are widely used for municipal and street cleaning, aircraft, electronics, and industrial equipment sanitization purposes. These chemicals witness enhanced growth in hard surface cleaning. According to the India Brand Equity Foundation (IBEF), India’s aviation industry is expected to witness Rs. 35,000 crore (US$ 4.99 billion) investment in the next four years. The Indian Government is planning to invest US$ 1.83 billion in the development of airport infrastructure along with aviation navigation services by 2026. Thus, the use of liquid-based alcohol disinfectants in aircraft, electronics, and industrial equipment will drive the market growth for alcohol-based disinfectants.
Alcohol-based disinfectants market Segment Analysis- By Application
The cosmetic industry held the largest share of over around 28% in alcohol-based disinfectants in 2021. Isopropyl is widely used in all kinds of products with direct exposure to human skin cosmetics like hairsprays or mouthwashes. Beauty tools like nail files and combs aren’t spared either due to their high degree of skin contact. Even if you are the only person using the respective tools and products, accumulation of dead skin cells, oil and residue is bound to occur. With hygiene being an important concern, extend it to your makeup products and beauty tools. Using alcohol-based disinfectants will help keep them free of infection, bacteria, and any other baddies. According to the Loreal Paris, annual report the company recorded sales of € 200 billion (US$ 217.5 billion) in 2020. Moreover, 43% of sales were from the Asia Pacific region followed by 16% from Western Europe. Thus, the use of Isopropyl alcohol in the cosmetic industry will drive the market growth of alcohol-based disinfectants.
Alcohol-based disinfectants market Segment Analysis – By Geography
The Asia Pacific dominated the alcohol-based disinfectants market during the year 2021 with a market share of around 45%, followed by Europe and North America. Asia Pacific countries have started experiencing rapid demand growth due to a rise in disposable income and high urbanization. Countries such as India, Japan, China, Malaysia, and Indonesia have shown a positive increase in demand over the last few years and are further expected to grow over the next few years. Alcohol-based disinfectants Market is rising because of the 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. According to Global Healthcare amid rising the global healthcare market is crossed the $2 trillion mark in 2020. The new vision for healthcare for 2020 and beyond will not just focus on access, quality, and affordability but also on predictive, preventive, and outcome-based care models promoting social and financial inclusion. In 2022, consumer-driven models of healthcare will gain more market traction, as they stand to better bridge the gap of what consumers want and what healthcare can deliver. Thus, demand for Methyl Alcohol, Ethyl Alcohol, Isopropyl Alcohol which are being used in hand sanitizers and spray will drive the demand for the alcohol-based disinfectants market.
Alcohol-based disinfectants market Drivers
Growing demand from the healthcare industry
The aerosol spray sector which has witnessed considerable growth in the recent past is further enhancing the market growth. Aerosol sprays are used for coverage and adhesion to hard surfaces such as countertops, baths, and toilets include alcohol-based disinfectants for cleansing purposes. High growth in the hospital industry is projected to increase market growth over the next few years. The rise in infection caused acquired from hospitals has led almost all hospitals to compulsorily use alcohol-based disinfectants in every procedure. Constant increasing awareness about hygiene all over the world has positively driven the global alcohol-based disinfectant market growth. Hand sanitizer application in classrooms all over the world has resulted in the global alcohol-based disinfectants market growth. According to WHO around 440 billion covid-19 cases have been recorded globally so far starting from 2019 till 2022. Europe topped the list of the most affected country followed by America and South-East Asia. Hence, with the rapid increase in demand from the healthcare segment across the world, the market for alcohol-based disinfectants is expected to rapidly increase over the forecast period.
Increasing demand for safe and hygienic storage
Increasing demand for safe and hygienic food storage disinfecting the food packaging and also providing a sanitized area for the proper storage of food items so that packaged food can be protected from the spread of virus and bacteria. Moreover, rising demand from pest elimination, household disinfection, and improvement in sanitary conditions is bound to drive the growth of the alcohol-based disinfectants market. Moreover, increasing demand for cleaners and disinfectants to maintain hygienic and anti-bacterial industrial and commercial floors, walls, etc. is also likely to drive product usage. Thus, usage of alcohol-based disinfectants in food safety and hygienic storage will drive market growth over the forecast period.
Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=510936
Alcohol-based disinfectants Market Challenges
Substitution for alcohol-based disinfectants along with its health hazards
With the advancement of technology and availability of substitutes for non-alcohol disinfectants such as Quats which is a heavy-duty germ-killers that continue disinfecting long after the solution has dried up. One of the major properties of these substitutes is they stay on surfaces and in the air for a long time. These non-alcohol disinfectants are 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 hand sanitizers lead to dry skin, infection, and alcohol poisoning. Children are considered more prone to alcohol poisoning and other major health concern. It is not recommended for children under the age of 12 to use alcohol-based disinfectants. Precautionary measures should be ensured to protect the community from the possible risk associated with disinfectants. Thus, these skin problems it is expected to hamper the market growth of alcohol-based disinfectants.
Alcohol-based disinfectants Industry Outlook
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the market. Alcohol-based disinfectants top 10 companies include
In February 2022, Reckitt Benckiser Group maker of Lysol and Dettol, and Diversey Holdings, Ltd. A leader in the development and delivery of hygiene, infection prevention, and cleaning solutions, announced a distribution collaboration with the maker of Power Brands such as Harpic, Vanish, Airwick thus creating more market opportunities for alcohol-based disinfectants.
In January 2022 Henkel announced plans to merge its business units Laundry & Home Care and Beauty care into one business unit known as the Henkel Consumer brand. The company will start preparations for the integration process by the year 2023.
In February 2020 P&G announced the launch of Microban 24, a new brand of antibacterial home sanitizing products that keep surfaces protected against bacteria for 24 hours when used as directed, thus driving the market growth for alcohol-based disinfectants.
Direct Purchase @ https://www.industryarc.com/purchasereport.php?id=510936
The properties such as germicide, anti-microbial, and disinfectants for the surfaces which are used by healthcare, commercial and residential sectors because it kills the bacteria is being used for sanitizing purposes. Thus, it will drive the market growth for alcohol-based disinfectants.
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 opportunity over the forecast period for alcohol-based disinfectants.
Emerging economies of Asia Pacific and Europe account for a significant share in the alcohol-based disinfectants market during the forecast period. US and India account for more than half of the total Asia Pacific for alcohol-based disinfectants.
A. Agricultural Disinfectants Market
B. Industrial & Institutional Cleaning Chemicals Market
For more Chemicals and Materials related reports, please click here
About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to firstname.lastname@example.org to discuss more about our consulting services.
Ethylene Glycol Market Size Forecast to Reach $45.6 Billion by 2026
Global Ascorbic Acid Market Size to Grow at a CAGR of 5.4% During the Forecast Period 2020–2025
Shrink Plastic Film Market Size Estimated to Reach $3.1 Billion by 2025
Infant Formula Ingredients Market Size Forecast to Reach $15.86 Billion by 2025
Insect Pest Control Market Size Is Forecast to Reach $19.5 Billion by 2025