Growth Drivers of Alcohol-Based Disinfectant Market 2019 | Competitive Landscape, Business Trends and Effects of COVID 19 Analysis| 3M Company, BODE Chemie GmbH, Reckitt Benckiser

Alcohol-Based Disinfectant Market Snapshot:

Growing healthcare expenditure is a key factor that drives the adoption of alcohol-based disinfectants. According to the World Bank, global healthcare expenditure grew from USD 3,786 billion to USD 7,427 billion during 2003–2013, recording 7% growth.

Alcohol-based disinfectants are anti-microbial agents that are usually applied on a surface to kill microorganisms and provide a germ-free environment. The global alcohol-based disinfectant market is growing on account of industrial applications in medical, paint, cosmetics, and soap industries, among others. Since alcohol-based disinfectants efficiently kill harmful germs and evaporate, they register strong demand in sanitization processes.

The global alcohol-based disinfectant market is expected to grow at a CAGR of more than 8% during the forecast period, 2019–2026. The increasing demand for industrial and domestic disinfectants will drive market growth during the forecast period. The medical industry, specifically, witnesses significant demand for alcohol-based disinfectants due to the requirement of a sterile environment in medical facilities. Sanitizers efficiently kill germs and, subsequently, prevent users from falling ill and contracting illnesses. A CDC study on 6,000 students across 16 elementary schools found that absenteeism reduced 19.8% with the continuous usage of alcohol gel hand sanitizers in classrooms.

The hospital industry is the most promising industry among all in the alcohol-based disinfectant market on account of the rising prevalence of injections. The accelerated growth of alcohol-based disinfectants in the hospital industry augments the global market value. The aerosol spray segment has been witnessing considerable growth since the past few years, which can be attributed to the use of alcohol-based disinfectants for adhesion and coverage to hard surfaces, including bath, countertops, and toilets.

The paint industry is a prominent application area for alcohol-based disinfectants as these disinfectants are added in paints to kill germs and other microorganisms. Similarly, alcohol-based disinfectants are also added to soaps and cosmetics. Overall, paint, soap, and cosmetic industries are expected to account for significant value shares in the global alcohol-based disinfectant market. Hospitals constitute the most promising application area due to the widespread use of alcohol-based disinfectants for disinfection and preventing contamination. Isopropyl alcohol is a solution comprising 10–40% purified water with 90–40% alcohol. Water acts as a catalyst in denaturing the proteins of vegetative cell membranes, while alcohol inhibits the growth of pathogenic microorganisms. Isopropyl alcohol-based disinfectants can be classified into three alcohol ratios, namely below 50% alcohol concentration (disinfects), 70% alcohol concentration (penetrates into the cell wall and kills microorganisms), and more than 91% alcohol concentration (kills viruses but requires more contact time for disinfection). Each of these concentrations finds applications in industrial verticals for different needs.

North America holds the largest share in the global alcohol-based disinfectant market on account of the presence of developed countries (the U.S. and Canada) and developing countries (Mexico). The regulatory environment in North America has been fostering market growth to a great degree. The growing emphasis on public health in North America is also bolstering market growth in the region. According to the Economic Survey of the U.S. data, healthcare expenditure accounted for 17.2% of the country’s GDP in 2016 and is estimated to account for around 18.5% of the GDP by 2021. The rapid increase in healthcare expenditure will foster demand in the region and provide impetus to the alcohol-based disinfectant market.

Obtain Brochure For Latest Technology Advancements @ 
https://straitsresearch.com/report/alcohol-based-disinfectant-market/request-sample

The Major Prominent Players Covered in this Report:
3M Company, BODE Chemie GmbH, Reckitt Benckiser, DuPont, Johnson & Johnson, and Ecolab Inc.

By Product: N-propyl alcohol, Methyl alcohol, Ethyl alcohol, Isopropyl alcohol, Others
By Application: Sanitizers, Clinical devices, Clinical surfaces, Others

Key Drivers
Health consciousness
Government initiatives targeting public health
Awareness towards the correlation between cleanliness and health
Prevalence of health issues stemming from unhygienic living conditions
Industrial applications to prevent bacterial action in the product line

Key Restraints
Availability of non-alcohol disinfectants
Low cost of non-alcohol disinfectants as compare to conventional disinfectants

Key Opportunity
Increasing solvent ratio in alcohol-based disinfectants for other industries

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Alcohol-Based Disinfectant in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Alcohol-Based Disinfectant market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Alcohol-Based Disinfectant and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Alcohol-Based Disinfectant. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

View this report with a detailed description and TOC @ https://straitsresearch.com/report/alcohol-based-disinfectant-market/toc

Key Questions Answered in The Report:
What will the Alcohol-Based Disinfectant market growth rate?
What are the key factors driving the global Alcohol-Based Disinfectant market?
Who are the key manufacturers in the Alcohol-Based Disinfectant market space?
What are the market opportunities, market risk, and market overview of the Alcohol-Based Disinfectant market?
What are sales, revenue, and price analysis of top manufacturers of the Alcohol-Based Disinfectant market?
Who are the distributors, traders, and dealers of the Alcohol-Based Disinfectant market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Alcohol-Based Disinfectant Industry?
What are sales, revenue, and price analysis by regions of Alcohol-Based Disinfectant industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Alcohol-Based Disinfectant Market Trends:
- The report identifies, determines, and forecasts the Global Alcohol-Based Disinfectant Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Alcohol-Based Disinfectant Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Alcohol-Based Disinfectant Market.

Browse Full Report @ 
https://straitsresearch.com/report/alcohol-based-disinfectant-market/

Even if your business is a multinational venture or a single storefront, we believe innovation is the key to progress, in both what you build and how you promote your products and brands.

Buy Full Report with Detail Analysis with COVID-19 Impact – https://straitsresearch.com/buy-now/alcohol-based-disinfectant-market/global/

So let's put our minds together. We'll make your vision a reality and help you grow.

For more details, please contact us -
Straits Research
Email: sales@straitsresearch.com
Address: 825 3rd Avenue, New York, NY 10022
Tel: +1 646 480 7505, +44 208 068 9665
Website: https://straitsresearch.com/

About Us:
Regardless of whether you're looking at business sectors in the next town or crosswise over continents, we understand the significance of being acquainted with what customers purchase. We overcome the issues of our customers by recognizing and deciphering just the target group, while simultaneously generating leads with the highest precision. We seek to collaborate with our customers to deliver a broad spectrum of results through a blend of market and business research approaches. This approach of using various research and analysis strategies enable us to determine greater insights by eliminating the research costs.

This release was published on openPR.