USD 2.44 billion
Alcohol-based Disinfectants Market Size, Share, Growth Analysis, By Product(N-Propyl Alcohol, Methyl Alcohol, Ethyl Alcohol, Isopropyl Alcohol), By Usage form(Spray, Gel, Wipes, and Liquid), By End-user(Hospitals, Commercial Buildings, Schools, Office Spaces), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35I2249 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
95
|Figures:
73
Alcohol-based Disinfectants Market Insights
Global Alcohol-Based Disinfectants Market size was valued at USD 2.44 billion in 2022 and is poised to grow from USD 2.73 billion in 2023 to USD 6.77 billion by 2031, growing at a CAGR of 12% in the forecast period (2024-2031).
In recent years, the global alcohol-based disinfectants market has witnessed exponential growth, driven by growing knowledge of the significance of infection control and general hygiene. The growing focus on health and safety, particularly in commercial settings, healthcare facilities, and households, can be credited for this growth.
Alcohol-based disinfectants have incorporated itself in daily routines due to their effective solutions for sanitizing surfaces and hands, thus minimizing risk of infections and illnesses. Moreover, the COVID-19 pandemic further accelerated product demand, with both consumers and businesses making cleanliness and sanitation the number one priority.
The increasing awareness of infection control and health consciousness has driven the growth of the global alcohol-based disinfectants market. Ethanol has risen to the top in the market due to its varied use in hand sanitizers and other applications. However, IPA’s versatility and compatibility with a number of applications has led to its rapid growth.
Regionally, North America has dominated the market due to its well-established healthcare sector and emphasis on hygiene. Still, the region with the quickest development rate remains the APAC region, owing its rapid growth to rising healthcare expenditure and focus on sanitation and hygiene.
Despite the marvelous growth period that this market has experienced, there are certain challenges that pose a threat to its continued expansion. These restraints to the market include changes in the regulatory landscape, coupled with the complexity of complying with them.
Still, manufacturers continue to develop and offer a variety of alcohol-based disinfectant products, targeting the fulfillment of diverse needs and preferences in the market to persevere. The future of this market looks promising, as individuals and companies globally prioritize the maintenance of a hygienic environment.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Ethyl Alcohol
Fastest Growth
Isopropyl Alcohol
Growth Rate
12% CAGR
Global Alcohol Based Disinfectants Market ($ Bn)
Country Share for North America Region (%)
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Alcohol-based Disinfectants Market Segmental Analysis
Based on product the market is segmented as N-Propyl Alcohol, Methyl Alcohol, Ethyl Alcohol, Isopropyl Alcohol. On the basis of usage form the market is segmented as Spray, Gel, Wipes, Liquid. Based on end-users, it is segregated into Hospitals, Commercial Buildings, Schools, Office Spaces, Agriculture, Food & Beverage. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Product
Ethyl alcohol, commonly known as ethanol, dominates in the market due to its widespread use in various applications, such as surface disinfectants, hand sanitizers, and medical disinfection. Ethanol’s relatively lower toxicity rate compared to other alcohol types and effectiveness in killing a broad spectrum of pathogens drives its appeal.
However, Isopropyl alcohol (IPA) has retained the title of the fastest growing market segment due to its versatility and compatibility with multiple formulations. As a result of these benefits, it is the favored product for producers wanting to create specialized disinfectant products. Its extensive use in electronics, pharmaceuticals, and automotive industries, among others, and efficiency in eliminating pathogens has driven IPA's popularity. IPA’s rapid market expansion can be credited to its versatility in different applications.
Analysis by Usage Form
Liquid form alcohol-based disinfectants have led the global market due to their versatility in a diverse range of applications. They are preferable due to their easy usage in areas like households, healthcare, and commercial spaces. The liquid format of these products leads to convenience in usage in surface and hand sanitization, growing its popularity.
On the other hand, Spray-based alcohol disinfectants are quickly developing in the market, driven by their effectiveness and ease of use. They are preferable for on-the-go use and quick surface disinfection due to their targeted and efficient application. As consumers look for user-friendly and ecologically sound alternatives, the demand for spray disinfectants grows. This segment’s rapid growth is predicted to continue as consumers desire convenience and efficiency in their hygiene routines.
Global Alcohol Based Disinfectants Market By Product
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Alcohol-based Disinfectants Market Regional Insights
North America is at the top of the market due to a high awareness of hygiene practices, thriving healthcare infrastructure, and stringent regulations regarding infection control and sanitation. The region's large healthcare sector and increased usage of alcohol-based disinfectants in multiple industries result in its dominance.
However, the APAC region is quickly developing in the global alcohol-based disinfectants market, fueled by a growing population, increasing urbanization, rising healthcare expenditure, and a sustained focus on healthcare and hygiene. Furthermore, developing pharmaceutical and healthcare industries and the growing knowledge of infection prevention, influence the high demand for alcohol-based disinfectants in Asia-Pacific, sealing its place as the fastest-growing market region.
Global Alcohol Based Disinfectants Market By Region
- Largest
- Fastest
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Alcohol-based Disinfectants Market Dynamics
Drivers
Increasing Awareness of Infection Control
- The global alcohol-based disinfectants market is growing due to the increasing knowledge about the significance of hygiene practices and infection control. Rising worries about healthcare-associated infections and the potential transmission of diseases in settings such as commercial spaces, healthcare centres, and households, sustains the heightened demand for effective disinfection solutions, driving market growth.
Restraints
Regulatory Challenges and Compliance Issues
- The complex and evolving regulatory landscape that rules the alcohol-based disinfectants market poses a significant challenge. Manufacturers may find it difficult to adhere to strict regulatory requirements, like labeling, product registration, and safety requirements. Delays in product launches and increased costs can result from handling regulatory hurdles, potentially stunting market growth.
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Alcohol-based Disinfectants Market Competitive Landscape
A diverse array of firms striving to meet the demand for alcohol based disinfectants while trying to gain market share makes up the competitive landscape of the market. Market participants target R&D to develop innovative packaging solutions and improve product formulations and efficacy. This intense rivalry drives businesses to expand reach and accessibility through the formation of strategic alliances and collaborations.
As companies aim to reduce their environmental footprint and meet evolving consumer preferences, green and eco-friendly initiatives are gaining importance. As the market develops and adapts, competition heats up, driving innovation and guaranteeing a dynamic landscape for alcohol-based disinfectants.
Top Player’s Company Profiles
- Stepan Company (US)
- Dow (US)
- 3M (US)
- DuPont (US)
- Evonik Industries AG (Germany)
- Procter & Gamble (US)
- SABIC (Saudi Arabia)
- The Clorox Company (US)
- LANXESS (Germany)
- Kao Corporation (Japan)
- Ecolab (US)
- Spartan Chemical Company, Inc. (US)
- Jainam Invamed Private Limited (India)
- BODE Chemie GmbH (Germany)
- ACURO ORGANICS LIMITED (India)
- Reckitt Benckiser Group pic (UK)
- Johnson & Johnson Private Limited (India)
Recent Developments
- The FDA (US division) devised and implemented a new set of regulations on the industrial use of alcohol-based hand sanitizers in January 2023. The federal agency’s set of rules will recommend new practices for the formulation, production, and testing of alcohol-based hand sanitizers. These suggestions can ensure optimal safety and performance of these products.
- The AIC (American Cleaning Institute) released a new development in May 2023. The organization published a set of recommendations that stated the best practices for the use of alcohol-based disinfectants in commercial industries. This includes suggestions for selection, use, and disposal of alcohol-based disinfectants. This will upscale the chances of infection prevention among clients, visitors and workers.
- WHO, or the World Health Organization, is the health department for the UN. The federal agency released a new guideline for alcohol-based hand sanitizers usage in March 2023. This regulation was focused on the use of these products in the healthcare sector. It offers suggestions for safely choosing, using, and disposing alcohol-based hand sanitizers. This will prevent the possibility and spread of infection.
- The ISO (International Organization for Standardization) issued a new standard for alcohol-based hand sanitizers in April 2023. This includes standards for the safety, labeling, and performance of alcohol-based hand sanitizers.
- The European Commission issued a new rule for biocides in February 2023. This regulation included the proper registration and authorization methods for alcohol-based disinfectants. It targets the production of effectively safe biocides which will not negatively impact the environment or human health.
Alcohol-based Disinfectants Key Market Trends
- Sustainable and Eco-Friendly Formulations: The alcohol-based disinfectants market is impacted heavily by a key trend. That is the ongoing focus on sustainable and green formulations of market products. The market demand dictates the need for disinfectant solutions that effectively combat germs while reducing environmental impact. This trend has enforced development of non-toxic, biodegradable, and plant-based alcohol disinfectants, in line with environmentally responsible standards, fostering a more eco-conscious market landscape.
Alcohol-based Disinfectants Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Alcohol based disinfectants market analysis, the market has seen substantial growth in recent years, driven by a heightened awareness of hygiene and infection prevention across various sectors. Key factors contributing to this growth include increased healthcare spending, stringent regulatory standards, and growing concerns about healthcare-associated infections.
Moreover, the market’s focus has shifted to effective and eco-friendly products, leading to aligned innovation in product formulations. Manufacturers are making R&D investments to develop alcohol-based disinfectants that stay in line with changing consumer preferences while also catering to environmental concerns.
Going forward, the alcohol-based disinfectants market is predicted to maintain its steady growth. The product demand will persist, driven by the continued emphasis on infection control and sanitary hygiene in healthcare settings, commercial areas, and households.
Additionally, product efficacy and user convenience are expected to improve thanks to the integration of smart packaging solutions and advanced technologies. Sustainability will remain a significant theme in the market, influencing consumer choices and product development.
To summarize, the market will steadily expand, with a chance to develop eco-friendly and innovative disinfectant solutions, thus shaping its future landscape.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.44 billion |
| Market size value in 2031 | USD 6.77 billion |
| Growth Rate | 12% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Alcohol-based Disinfectants Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Alcohol-based Disinfectants Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Alcohol-based Disinfectants Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Alcohol-based Disinfectants Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Alcohol-based Disinfectants Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Alcohol-based Disinfectants Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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