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Alcohol based disinfectants market size to hit $3.75 billion by 2026 with CAGR of 11%

Author : Ravi Chawat | Published Date : 2021-03-08 

Global Market Insights, Inc., says that alcohol based disinfectants market size to reach US$3.75 billion by 2026. Use of alcohol as a disinfectant to prevent crossed transmission of microorganisms will surge considerably in the next few years. Alcohol’s noncorrosive, bactericidal and virucidal attributes have augured well for manufacturers of alcohol-based disinfectants.

Traction for alcohol based disinfectant sprays will be more pronounced in residential sector and will be highly sought-after for sanitizing and cleaning purposes. These surface sprays have become ideal for disinfecting both hard and soft surfaces and killing a slew of viruses, fungi and bacteria. With residential sector holding a market share of around 24% in 2019, the growth trajectory is likely to surge in the next half-a-decade.

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Leading companies have also come to the fore to introduce alcohol based disinfectant sanitizer spray to be used for laptops, toys and car seats. Footfall of disinfectant sprays will be noticeable across residential, commercial and industrial applications.

Unprecedented demand for disinfectants in the U.S. and Canada will trigger the production of alcohol based disinfectants in North America. Amidst the U.S. observing highest number of COVID-19 cases, demand for disinfectants, including sprays and gels has soared in the region. North America alcohol based disinfectant market revenue hit US$511.9 million in 2019, with growth projected to remain bullish and expanding at CAGR of around 11% through 2026.

In terms of market value, Asia Pacific is likely to remain at the helm with emerging economies such as India and China witnessing increased demand for disinfectants. Spotting unparalleled opportunity and market demand, several ethanol and isopropyl producers have revved up the production of alcohol-based disinfectants in the region.

Rampant transmission of coronavirus commonly through respiratory droplets and through high-touch surfaces, including phones and doorknobs has stimulated growth of alcohol based disinfectants market size. Evidence suggests that COVID-19 may remain potent on surfaces made from a variety of materials for hours to days, signifying the importance of disinfectants.

Some of the leading players profiled in the report are 3M company, BODE Chemie GmbH, Johnson & Johnson, and Ecolab Inc. In the midst of the ongoing and unprecedented nature of the COVID-19 outbreak, these companies are expected to boost their production line and expand their footfall in untapped areas.

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About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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