Global Alcohol Based Disinfectants Market

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 News

  • 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.
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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).

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. '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)'

The 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.

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.

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.

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Global Alcohol Based Disinfectants Market

Report ID: SQMIG35I2249

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