(MENAFN- America News Hour) In a recently published report, Alcohol Disinfectants Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Alcohol Disinfectants Market products.
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It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.
Impact of COVID-19 on Alcohol Disinfectants Market is valued approximately USD XX million in 2019 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2019-2026. The growing demand for alcohol-based disinfectants such as hand sanitizers owing to the surge in COVID 19 epidemic coupled with the rising awareness towards health hygiene has propelled the growth of alcohol-based disinfectants. Moreover, various chemical firms are moving production at plants around the world to satisfy increasing demand for hand sanitizers and surface disinfectants while regulators are playing their part in lightening constraints during the Covid-19 coronavirus pandemic. Furthermore, other active drugs are in limited supply, such as alcohols, as the current recession raises competition for the goods. Dozens of chemicals firms have come up to supply finished goods or the ingredients used to produce them. For instance, BASF has reallocated several tons of isopropanol for hand sanitizer production. Dow Chemical has shifted production to an estimated 200 tons of sanitiser a week at five of its plants around the world. Ineos, a European supplier of the two main raw materials required for hand sanitizers – isopropyl alcohol (IPA) and ethanol – has announced plans to develop a UK factory to produce a million disinfectant bottles each month. Dow Chemical, which manufactures isopropyl alcohol, has collaborated with authorities in Michigan and West Virginia, as well as the U.S. Food and Drug Administration, the Alcohol and Tobacco Excise and Export Office, and the Homeland Security Department to satisfy regulatory standards to boost production. An expected rising demand shift for domestic and industrial disinfectants would fuel business growth over the next seven years. Over the past few years, the paint industry has seen steady development and is projected to fuel the success of the global economy. They are used for removing unnecessary microorganisms in paints. The boom in the cosmetics industry is expected to raise the global demand for disinfectants dependent on alcohol.
The regional analysis of Impact of COVID-19 on Alcohol Disinfectants Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. In terms of value, the North America is expected to account for the majority of the market owing presence of a large number of players and high level of awareness will contribute positively to the growth of the regional market
Major market player included in this report are:
3M Company
BODE Chemie Gmbh
Ecolab Inc.
Reckitt Benckiser Group Plc.
DuPont de Nemours Corporation
Johnson & Johnson Ltd.
Vaportek Inc.
Kao Corporation
Procter Gamble Co.
Reckitt Benckiser Group Plc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
N-propyl alcohol
Methyl alcohol
Ethyl alcohol and
Isopropyl alcohol
By Application:
Hand Sanitizers
Clinical Surfaces
Clinical Devices
Others
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 20198
Forecast period – 2020 to 2026
Target Audience of the Impact of COVID-19 on Alcohol Disinfectants Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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