Zion Market Research has published a new report titled “Alcohol Based Disinfectant Market (Propyl Alcohol, Methyl Alcohol, Ethyl Alcohol and Isopropyl Alcohol) for Sanitizers, Clinical Devices, and Clinical Surfaces Application – Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021”According to the report, global demand for alcohol based disinfectant market was valued at USD 1.30billion in 2015, is expected to reach USD 2.30 billion in 2021 and is anticipated to grow at a CAGR of around 8.5% between 2016 and 2021.
Alcohol-based disinfectants are disinfectants containing antimicrobial properties which effectively execute microorganisms.Alcohols are effective disinfectants and it contains ethanol as a base component which has different applications. Alcohol based disinfectant are utilized as a cleaning agent in hospitals, food industry, hand sanitizers and for other cleaning purposes. They are reasonable and generally simple to handle, although their vapors are combustible.
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High growth in the healthcare sector is anticipated to increase the global alcohol based disinfectant market. The increase in hospital-acquired infections has driven hospitals to utilize alcohol based disinfectants in all procedure.Continuous rising knowledge about hygiene all over the globe has positively driven the global alcohol based disinfectant market growth. Additionally, growing healthcare expenditure can fuel the alcohol based disinfectant market.In terms of application hand, sanitizers sector holds the majority of share approximately 60% of the overall market in 2015. The World Health Organization (WHO) has prescribed alcohol based disinfectant as the best tool to keep up hand hygiene.
However, strict regulatory necessities in developed countries can hamper the alcohol based disinfectant market. Sterilization and disinfection of sophisticated medical instruments is a challenge for the growth of this market. Currently, non-alcoholic disinfectants have begun substituting the traditional alcohol-based disinfectants. These non-alcoholic disinfectants are less expensive; this trend may hamper the alcohol based disinfectant market in near future.
The product type segment for the alcohol based disinfectant market includes n-propyl alcohol, methyl alcohol, ethyl alcohol and isopropyl alcohol.Ethyl alcohol and isopropyl alcohol dominated the market and acquired around 70% of the overall market share in 2015. Based on application, the worldwide alcohol based disinfectant market is segmented into sanitizers, clinical devices, and clinical surfaces.
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Geographically, North America dominated the global alcohol based disinfectant market with over 35% market share in 2015. This was mainly contributed by increasing alcohol based disinfectant demand in medical industry for equipment sanitization. Europe was one of the major players in the market due to higher usage of alcohol based disinfectant. Asia-Pacific is expected to emerge as a growing market for manufacturers. Africa and the Middle East represent a region with a large potential for alcohol based disinfectant products.
Increasing healthcare expenditure will lead to the boost in industry investors globally.Some of the well-established players in this market include 3M Company, Bode Chemie, Ecolab Inc,Vaportek Inc., Reckitt Benckiser Plc, Kao Corporation, DuPont and among others.
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