Alcohol Based Disinfectants Market Size

Alcohol Based Disinfectants Market Size

Alcohol based disinfectants market size exceeded USD 1.75 billion, globally in 2019 and is estimated to exceed above 11.0% CAGR between 2019 and 2026. Rising product penetration owing to its anti-bacterial and cleansing properties will fuel the product business growth during the forecast period.

Alcohol is widely effective against influenza virus and various germs which has led to its demand as a strong cleaning, bacterial and disinfecting agent. Some of the actively used alcohol disinfectants in commercial and non-commercial applications include n-propyl alcohol, methyl alcohol, ethyl alcohol, isopropyl alcohol and others. Alcohol is widely used to sterilize small surfaces such as rubber stoppers of multiple-dose medication vials, and thermometers and occasionally external surfaces of equipment.

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Alcohol disinfectants are microbial agents used on various surfaces to kill harmful microbes. Growth of alcohol-based disinfectants is attributed to its germ-killing property since it also evaporates as soon as application and is anticipated to spur the alcohol based disinfectants market growth.

Food and beverage industry are experiencing massive growth since past few decades. Alcohol based disinfectant is being used for food sanitization purposes. Additionally, growing product usage in agricultural sector to disinfect fertilizers to increase crop yield.

Growing end-use applications in the food and beverage industry along with growing product demand in domestic and commercial applications is anticipated to drive market growth. Growing consumer inclination towards proper hygiene globally is supplementing the growth of alcohol based disinfectants market. Alcoholic sprays provide coverage and adhesion to hard surfaces such as countertops, bath and toilet include alcohol based disinfectant for cleansing purpose.

Manufacturers are investing on R & D activities and product launches and capacity expansions in order to fulfill the growing the alcohol-based disinfectants market demand. Coronavirus pandemic has led to global lockdown of manufacturing plants which has also impacted supply chains. However, advent of new entrants in production of sanitizers, disinfectants to cater to spurring demand for alcohol based chemicals in wake of rise in COVID-19 cases globally.
 

Government lockdowns and manufacturing halts has not impacted this market due to increasing usage of these chemicals for disinfection purposes in hospitals, schools, labs, private offices and household purposes.