According to ChemAnalyst report, “Europe Isopropyl Alcohol (IPA) Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, 2015-2030”, The Europe Isopropyl Alcohol (IPA) market is expected to grow at a CAGR of 4.74% reach 1000 thousand tonnes during the forecast period and by 2030. The continuous rising demand from Pharmaceuticals, Chemicals, Paints and coatings, and Cosmetics end-use industries, is expected to propagate the expansion of the Isopropyl Alcohol (IPA) market in the forecast period across Europe.

Isopropyl Alcohol is an isomer of propyl alcohol having antimicrobial qualities. It is a clear, colourless liquid that is a key ingredient in common household products including hand sanitizers, cleansers, and various disinfectants. It can be synthesized by the reaction of Propylene with Sulfuric Acid, followed by the hydrolysis process. Isopropyl alcohol is frequently used in the pharmaceutical industry owing to its disinfecting properties. Alcohol swabs and wipes for cleansing wounds contain isopropyl alcohol with a 70% concentration. In the electronic industry, Isopropyl alcohol is used to remove flux remnants from recently soldered circuit boards or in PCB repair and rework for electronic printed circuit board (PCB) assembly. IPA is commonly used to process essential oils, fats, flavours, waxes, and nutraceuticals due to its capacity to solubilize non-polar molecules. In paints & coatings sector, IPA is frequently employed as a reagent for making polymers as well as a dispersion agent for usage later. Furthermore, IPA is also used to produce intermediates such as acetone, glycerol, bisphenol A, and methyl isobutyl ketone (MIBK); which are further used by numerous downstream industries.

Read Full Report Here: https://www.chemanalyst.com/industry-report/europe-isopropyl-alcohol-ipa-market-168

The rising demand mainly comes from the pharmaceutical industry across Europe. The increasing health concerns and disinfection across healthcare centers and hospitals call for IPA and are likely to promote market expansion in the upcoming years. Europe’s IPA market growth rate is due to its rising consumer base as well as the presence of major pharma companies such as Novartis AG, GSK plc, AstraZeneca Plc, and Bayer AG, located in the region. Furthermore, the growing usage of IPA in the cosmetic industry owing to its non-toxic nature is positively influencing the growth of Isopropyl Alcohol (IPA). Furthermore, the rising usage of IPA as a solvent for producing paints & coatings which are further used by various downstream industries like automotive and construction coupled with a hike in architecture maintenance and automotive manufacturing is likely to bolster the IPA market growth rate across Europe. Germany leads Europe’s automotive market with the presence of major companies like Bayerische Motoren Werke AG, Volkswagen, Alpina, and Mercedes-AMG GmbH, located in the country.

The Europe Isopropyl Alcohol (IPA) market is segmented based on end-use, sales channel, and region. Based on the end-user industry, the Europe Isopropyl Alcohol (IPA) market is segregated into Pharmaceuticals, Chemicals, Paints and coatings, Cosmetics, and Others. However, Pharmaceuticals are dominating the Europe Isopropyl Alcohol (IPA) market. This industry consumed approximately about 36% of the market in 2022 and is anticipated to maintain its dominance in the forecast period. Isopropyl alcohol is a common ingredient in cosmetics, owing to its pigment-wetting property. It can be found in most cosmetic & toiletry items, including skincare, makeup, aftershave lotion, nail, and hair care products.

Read Full Report Here: https://www.chemanalyst.com/industry-report/europe-isopropyl-alcohol-ipa-market-168

“Europe Isopropyl Alcohol (IPA) Market Analysis: Industry Market Size, Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, 2015-2030” Significant players in the Europe Isopropyl Alcohol (IPA) market are Sasol Germany, Novapex, JSC Himtek Engineering, Seqens, Shell Nederland Chemie BV, BP, Shell, and Indorama Ventures Química S.L.U.

“Constantly increasing demand for Isopropyl Alcohol (IPA) by the pharmaceutical industry due to excellent solvation and antibacterial properties of IPA is anticipated to fuel the market growth rate of Isopropyl Alcohol (IPA) in Europe in the forecast period till 2030. Furthermore, the growing usage of IPA as a solvent by other industries such as building & construction and automobile coupled with high rate of manufacturing & sale of vehicles across Europe, mainly in Germany, is likely to create a higher demand for IPA in the upcoming years. Furthermore, Isopropyl Alcohol is widely used across other industries such as cosmetics and personal care industries, which are anticipated to positively augment market growth in the upcoming times. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.



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