August 19, 2020
According to the research report titled ‘Alcohol Based Disinfectants Market by Product, By Usage Form, By End-Use Industrial (Agriculture, Food & Beverage), Industry Analysis Report, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026’ available with Market Study Report, global alcohol based disinfectants market is anticipated to attain substantial growth over 2020-2026.
For the record, alcohol-based disinfectants are antimicrobial agents which are typically used for disinfecting outer surfaces of instruments such stethoscopes, ventilators, thermometers and rubber stoppers of medication vials storing multiple doses.
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Therefore, the ability of the product to effectively sterilize surfaces, deactivate organisms, and fight viral infections such as herpes and flu are driving the growth of global alcohol-based disinfectants market.
Growing awareness regarding to hygiene practices along with favorable government regulations which promote public health and safety are stimulating the overall market outlook. Moreover, accessibility to convenient and easy-to-use products such as wipes are further augmenting the expansion of global alcohol-based disinfectants market.
The outbreak of the COVID-19 pandemic has enhanced the adoption of personal hygiene measures. Thus, growing demand for disinfectants such as alcohol-based hand sanitizers & disinfecting wipes are also bolstering the growth of the market.
Based on product terrain of global alcohol-based disinfectants market, the report claims that the N-Propyl alcohol-based disinfectants segment is anticipated to account for more than USD 379.8 million by 2026. Meanwhile, methyl alcohol segment and others segment are anticipated to showcase a y-o-y growth rate of 10.7% and 9.1% respectively between 2020 and 2026.
With regards to the usage form, spray-based alcohol disinfectants segment is expected to attain substantial growth, due to surging demand for the product across various union service providers. The gel-based segment is also reckoned to witness high CAGR through 2026, primarily driven by growing adoption of the product in personal health care applications.
As per the regional analysis of the report, Latin America is anticipated to expand significantly, registering a 9.9% CAGR over 2020-2026, owing favorable government initiatives pertaining to public health and safety.
On the other hand, Middle East & Africa alcohol-based disinfectants industry is projected to exhibit a CAGR of 8.4% through 2026, primarily due increasing utilization of the product in industrial applications which are focusing on preventing bacterial growth in production line.
The key participants that define the competitive landscape of global alcohol-based disinfectants market are STERIS Corporation, Ecolab Inc., Johnson & Johnson, Koninklijke DSM N.V., Kao Corporation, Reckitt Benckiser Group PLC, Vaportek Inc., BODE Chemie GmbH, and 3M Company among others.