Europe Isopropyl Alcohol Market, By Production Method (Indirect Hydration and Direct Hydration), Raw Material (Acetone, Propylene, Others), Grade (Industrial Grade Isopropyl Alcohol (IPA), USP Grade Isopropyl Alcohol (IPA), USP Kosher Isopropyl Alcohol (IPA), Pharmaceutical Isopropyl Alcohol (IPA)), Type (Isopropanol 99.8%, Isopropanol 99% USP, Isopropanol 70% Isopropanol 70% USP, Others), Application (Chemical Manufacturing, Household and Industrial Cleaning, Pharmaceuticals, Personal Care, Transportation, Others) – Industry Trends and Forecast to 2029.
Europe Isopropyl Alcohol Market Analysis and Size
Isopropyl alcohol is the most common disinfectant in hospitals, pharmaceuticals, clean rooms, electronics manufacturing, and medical device manufacturing. Isopropyl alcohol in a solution containing 60% to 90% alcohol and 10 to 40% purified water is rapidly antibacterial against fungi, viruses, and bacteria. With the coronavirus outbreak, disinfectant consumption is skyrocketing worldwide, boosting the isopropyl alcohol market.
The global isopropyl alcohol market was valued at USD 0.99 billion in 2021 and is expected to reach USD 1.44 billion by 2029, registering a CAGR of 4.90% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Europe Isopropyl Alcohol Market Scope and Segmentation
2022 to 2029
2020 (Customizable to 2014 - 2019)
Revenue in USD Million, Volumes in Units, Pricing in USD
Production Method (Indirect Hydration and Direct Hydration), Raw Material (Acetone, Propylene, Others), Grade (Industrial Grade Isopropyl Alcohol (IPA), USP Grade Isopropyl Alcohol (IPA), USP Kosher Isopropyl Alcohol (IPA), Pharmaceutical Isopropyl Alcohol (IPA)), Type (Isopropanol 99.8%, Isopropanol 99% USP, Isopropanol 70% Isopropanol 70% USP, Others), Application (Chemical Manufacturing, Household and Industrial Cleaning, Pharmaceuticals, Personal Care, Transportation, Others)
Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe.
Market Players Covered
Shell plc (U.K.), L.G. Chem. (South Korea), Dow (U.S.), Alfa Aesar, Thermo Fisher Scientific. (U.S.), INEOS (U.K.), MITSUI CHEMICALS EUROPE GmbH (Germany), ExxonMobil (U.S.), LyondellBasell Industries Holdings B.V. (Netherlands), DUTCH2 (Netherlands), Lucemill (U.K.), Recochem Corporation. (Canada), Absolute Solvents Ltd (U.K.), ISU CHEMICAL. (South Korea), Linde plc (Ireland), Brenntag SE (Germany)
Isopropyl alcohol is manufactured by merging water and propene through the process of hydration reaction through the hydrogenation of acetone. It is a flammable and colorless liquid with a sharp and musk odor. It is used as a solvent for various compounds like ethyl cellulose, natural resins, acrylic, and epoxy resins and is used across a wide range of end-user industries such as pharmaceutical, chemical, and others.
Europe Isopropyl Alcohol Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints, and challenges. All of this is discussed in detail below:
- Numerous application areas of isopropyl alcohol (IPA)
IPA is a volatile, flammable, and multipurpose product used in various industries wide range of applications. Recently, it has been actively used as a cleaning agent, antiseptic, surface disinfectant, household solvent, electronic components, astringents, body aches, etc. It is being used in hand sanitizers, due to which the demand for IPA is rising globally. moreover, theyare also extensively being used in the pharmaceutical industry in manufacturing teproducts like hand sanitizers, oral moutwashes, disinfecting pads and ear drops due to the low toxicity content and hgh evaporation rates. These factors are driving the growth of the market over the forecasted period.
- High usage for cleaning purposes
Isopropyl alcohol is extensively used for cleaning purposes across major end users. They are widely used in the building and construction sector to shield surfaces from the microbial bacterial population. Additionally, the product is applied in several ways to remove grease, dirt, and other unwanted material from the surfaces. The expansion of end-use industries and the increase in urbanization and population will further propel the market's growth rate.
- Stringent approval process
Alcohol and chemical manufacturers must enhance their manufacturing and production processes per the regulatory policies imposed by various governments. These stringent policies further result in more time for approval, which will create hindrances to market growth.
This isopropyl alcohol market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the isopropyl alcohol market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Isopropyl Alcohol Market
The recent outbreak of coronavirus had a negative impact on the isopropyl alcohol market. The market faced disruption in supply chains, lesser availability of workforce, fluctuations in prices and availability of raw materials which hampered the market largely. However, with the gradual upliftment of restriction and restoration of business operations, the overall industry is expected to grow steadily. The chemicak manufacturing companies shifted their production at plants to meet the global demands for hand sanitizers. Hand sanitizers became the major growing applications of isopropyl alcohol in thepahrmaceutical industries. The other products under the pharmaceutical sector such as alcohol wipes, disinfectants, hand sanitizers, oral mouthwash and others are stimulating the demand for isopropyl alcohol in the psot COVID-era. Also, the market is estimated to revive as individual regulatory bodies begin to relax these enforced lockdowns. The suspended and cancelled operations will continue, and the market is estimated to expand.
- In 2021, BASF SE will unveil a line of catalysts to help develop isopropyl alcohol more efficiently. The newly developed isopropyl alcohol will be a major ingredient in hand sanitizers. The company's high performance and high-quality Oxo alcohol catalyst Ni 3354 combines exceptionally with high selectivity and activity developed via hydrogenation of acetone.
- In 2020, Dow announced a new alkoxylation capacity in spain to meet the customer need of Europe, the Middle East and the Indian region.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Europe Isopropyl Alcohol Market Scope
The isopropyl alcohol market is segmented on the basis of production method, raw material, grade, type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Indirect Hydration
- Direct Hydration
- Industrial Grade Isopropyl Alcohol (IPA)
- USP Grade Isopropyl Alcohol (IPA)
- USP Kosher Isopropyl Alcohol (IPA)
- Pharmaceutical Isopropyl Alcohol (IPA)
- Isopropanol 99.8%
- Isopropanol 99% USP
- Isopropanol 70%
- Isopropanol 70% USP
- Chemical Manufacturing
- Household and Industrial Cleaning
- Personal Care
Isopropyl Alcohol Market Regional Analysis/Insights
The isopropyl alcohol market is analyzed and market size insights and trends are provided by production method, raw material, grade, type and application as referenced above.
The countries covered in the isopropyl alcohol market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
Germany dominates the market in terms of market share and market revenue and will continue to flourish dominance during the forecast period of 2022-2029. The market growth in this region is attributed to the increasing use of isopropyl alcohol in various regional applications.
The U.K., on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029 due to the rising usage of alcohol-based sanitizers in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Isopropyl Alcohol Market Share Analysis
The isopropyl alcohol market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to isopropyl alcohol market.
Some of the major players operating in the isopropyl alcohol market are
- Shell plc (U.K.)
- L.G. Chem. (South Korea)
- Dow (U.S.)
- Alfa Aesar, Thermo Fisher Scientific. (U.S.)
- INEOS (U.K.)
- MITSUI CHEMICALS EUROPE GmbH (Germany)
- ExxonMobil (U.S.)
- LyondellBasell Industries Holdings B.V. (Netherlands)
- DUTCH2 (Netherlands)
- Lucemill (U.K.)
- Recochem Corporation. (Canada)
- Absolute Solvents Ltd (U.K.)
- ISU CHEMICAL. (South Korea)
- Linde plc (Ireland)
- Brenntag SE (Germany)