Alcohol Based Disinfectants Market Analysis

Alcohol Based Disinfectants Market Analysis

Ethyl alcohol-based disinfectants segment was valued over USD 720 Million in 2019 and is forecast to grow over 11.7% through 2026. Ethyl alcohol is a key ingredient in preparation of disinfectants. Ethyl alcohol is widely used at concentration of 60%–80% in disinfectants since it exhibits property as a potent virucidal agent and can inactivate all the lipophilic viruses including herpes, vaccinia, and other influenza virus and other hydrophilic viruses including enterovirus, rhinovirus, adenovirus, and rotaviruses.
 

Increasing demand for ethanol based disinfecting chemicals in hospitals, and commercial applications in order to curb the growing menace of covid-19 has fueled the growth of global alcohol based disinfectants market. Medical facilities are key end-users of alcohol disinfectants due to increasing requirement of sterile environmental to kill germs and prevent patients from contracting hospital acquired diseases.
 

In addition to this, intensive infection control programs in residential, industrial and commercial sectors are supporting the alcohol based disinfectants market. Moreover, increasing cases of nosocomial infections such as urinary tract and surgical site infections, pneumonia and many others are one of the defining factors which fuels the market growth.
 

Alcohol based disinfectants market by liquid form was valued at USD 743.0 million in 2019 rising with a CAGR of 11.3% through 2026. Liquid based alcohol disinfectants are strongly effective over different types of micro-organisms and are therefore widely used for sanitization purposes are witness demand in routine hygienic procedures. Liquid disinfectants are also widely used for routine sterilization of pipelines, utensils, and surfaces, since these chemicals control the spread of infection.
 

Industrial application segment is valued over USD 550 Million in 2019 and is anticipated to surpass 10.0% growth rate during the estimated timeframe. 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.
 

Increasing demand for the safe and hygienic food storage conditions along with pest elimination, household disinfection and improvement in sanitary conditions is bound to drive the growth of  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 the product usage.
 

Europe alcohol disinfectants business was valued over USD 455 Million and is anticipated to witness significant gains over 10.5% through 2026. Surging adoption of new technologies by major players for the increased production of disinfectants will support growth of global market.
 

In early 2020, surge in novel coronavirus pandemic has resulted in shortage of sanitization and disinfectant chemicals in certain European countries such as France, UK, Spain and Italy. This has led to entry of multiple small scale manufacturers to produce disinfectants with at least 70% alcohol percentage as per the guidelines set by WHO.