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Alcohol Based Disinfectants Market - Global Industry Analysis, Size, Share

In light of the increasing product demand, alcohol-based disinfectants market is estimated to observe a commendable growth by recording a valuation of over USD 3.75 billion by 2026.

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Alcohol Based Disinfectants Market - Global Industry Analysis, Size, Share

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  1. Alcohol Based Disinfectants Market - Global Industry Analysis, Size, Share, Growth Factors, Latest Trends and Forecast to 2026 Fuel Cell Market size worth $25.5bn by 2024

  2. KeyInsights from Alcohol Based Disinfectants Market: • Alcohol-based disinfectants, which are widely used across different industries, have recently gained a massive prominence amid the emergence of novel COVID-19 crisis with the sudden rise in the demand for cleaning and hygiene products. Various manufacturers and marketers across the globe are introducing vivid types of disinfectants, especially hand sanitizers containing isopropyl alcohol or ethanol as an active ingredient. In light of the increasing product demand, alcohol-based disinfectants market is estimated to observe a commendable growth by recording a valuation of over USD 3.75 billion by 2026. • As a measure for preventing coronavirus infection, the World Health Organization (WHO) has suggested the importance of hand hygiene. In the hand hygiene guidelines laid down by the agency, WHO recommended the usage of alcohol-based hand rub.

  3. Continued... • In line with this, several government bodies have promoted the use of alcohol-based hand rubs and are now rolling out various initiatives for the same. In 2020, the U.S. government spent $2 million on disinfectants and cleaners and $1.1 million on hand sanitizers. With these initiatives and increasing demand for alcohol based disinfectants market in the country, the industry is expected to observe a significant expansion in North America. • Apart from their applications in hygiene products, alcohol-based disinfectants find important usage as a cleaning solution in electronics industry. For instance, isopropyl alcohol is extensively used for removing white residue and flux from circuit boards in electronic products. It also removes fingerprints, light oils and grease which are usually found in electronics manufacturing. This higher product usability is positively influencing the overall business space.

  4. Browse key industry insights spread across 220 pages with 325 market data tables & figures from the report, “Alcohol Based Disinfectants Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/alcohol-based-disinfectants-market Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/4778

  5. Continued... • Asia Pacific is emerging as a strong growth avenue for the industry. Thanks to the flourishing electronics sector in the region. According to Viet Nam Customs data, in 2020, the export turnover of electronic components and computers reached over USD 3.94 billion which represents a rise of 16.2% compared to the previous month and of 32.85% compared to June 2019. • Speaking of China, in 2020, the largest export products in the country by value were mobile phones, electronic integrated circuits, computers, solar power diodes, automotive parts and semi-conductors. These major exports, on an average accounted for 22.4% of the overall exports sales of China. Rising export of electronic products in the region is fueling the demand for alcohol-based disinfectants

  6. Continued... • The rising product adoption in the region is further encouraging the key industry players to launch more effective offerings to meet the increasing demand. In 2020, Electrolube announced the launch of IPA 100, its pre-saturated cleaning wipes consisting of 70% Isopropanol and 30% demineralized water. • All in all, massive outbreak of the dreaded coronavirus pandemic and an increasing sales of consumer electronics worldwide are speculated to complement the surging market numbers over 2020 to 2026.

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