Alcohol-Based Disinfectants Market
Alcohol-Based Disinfectants Market (Methyl Alcohol, Ethyl Alcohol, Isopropyl Alcohol and N-Propyl Alcohol) for Hand Sanitizers, Clinical Surfaces, Clinical Devices and Other Applications - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020
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Global Alcohol-Based Disinfectants Market - Overview:
A number of epidemics in the past and now the COVID-19 pandemic is fuelling growth in the market. Over the forecast period of 2014 to 2020, the market for global alcohol-based disinfectant will witness an impressive growth rate of 9%, taking the market worth up to USD 2.18 billion by the end of this period. One of the major factors for growth in this market is higher efficiency demonstrated by alcohol-based products in killing germs and harmful virus.
In the decade starting 2011, number of virus induced epidemics and their impact have pushed the world towards better hygiene. Medical communities as well as people have sprung into action and are directing efforts towards prevention of disease contraction. This is helping the alcohol-based disinfectants market in a major way.
The global alcohol-based disinfectants market has a number of regional and international players operating in its vendor playfield, making it fragmented. However, the players who have made a mark in the market, and are known for a stellar brand recall are 3M Company, BODE Chemie GmbH, Reckitt Benckiser, DuPont, and Johnson & Johnson. In order to stay ahead of the curve top players are highly focused on marketing and branding.
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COVID-19 and Other Viral Epidemics to Drive Growth in Global Alcohol-based Disinfectants Market
It is important to note here that a demand for disinfectants like this has never been seen before. Over the last couple of years a number of epidemics have been observed. From Nipah and Ebola outbreaks in the past to the Coronavirus pandemic today, all direct the society to take better care and shield themselves against potential viral infections, which can sometimes be fatal. And, as noted in the case of battling COVID-19, disinfectants that are alcohol-based play a crucial role.
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Other factors include - awareness regarding using disinfectants for improving health and health outcomes in communities is being spread by governments as well as brands dabbling in the market. Besides, awareness regarding viral infections and how to ward off contraction is at an all-time high in the world. Additionally, increase in disposable incomes across the world is also paving way for people using alcohol-based disinfectants
In terms of application-type hand sanitizers segment to witness significant growth over the forecast period
The global alcohol-based disinfectants market report as prepared by Transparency Market Research is segment on the basis of product and application. It is pertinent to note here that on the basis of product the sub-division includes methyl alcohol, ethyl alcohol, isopropyl alcohol, and N-Propyl alcohol. And, on the basis of application, the sub segments cover hand sanitizers, clinical devices, clinical surfaces, and others.
Hand Sanitizers witnessing massive increase in demand; trend to continue into the coming few years. The stellar performance is an outcome of growing awareness regarding diseases and infections contracted by unclean hands. Isopropyl and Ethyl Alcohol to hold a prominent share of the market due to their effective disinfecting property and increasing push from the medical community.
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North America to Top the Regional Charts in the Global Alcohol-Based Disinfectants Market Over the Forecast Period
The global alcohol-based disinfectants market report covers key regions in its analysis. These include North America, Europe, Asia Pacific, and Rest of the world. Out of these, North America will lead the global alcohol-based disinfectants market over the forecast period. Presence of a large number of players and high level of awareness will contribute positively to the growth of the regional market
Alcohol-Based Disinfectants Market: Overview
Alcohol-based Disinfectants Market - Product Segment Analysis
- Methyl Alcohol
- Ethyl Alcohol
- Isopropyl Alcohol
- N-Propyl Alcohol
- Hand Sanitizers
- Clinical Surfaces
- Clinical Devices
- Others (including animal hide, etc.)
- North America
- Asia Pacific
- Rest of the World (RoW)