Europe Isopropyl Alcohol Market
Marktgröße in Milliarden USD
CAGR :
% 
 Prognosezeitraum |
2023 –2030 |
 Marktgröße (Basisjahr) | |
 Marktgröße (Prognosejahr) | |
 CAGR |
% |
| Wichtige Marktteilnehmer |
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 2030.
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 Europe isopropyl alcohol market during forecast period of 2023 to 2030.
Data Bridge Market Research analyses that the Europe isopropyl alcohol market is valued at USD 1.53 billion by 2022, growing at a CAGR of 4.96% during the forecast period of 2023 to 2030. In 2023, “indirect hydration segment” is expected to dominate the market due to Increasing demand in pharmaceutical industry which is expected to boosts the Europe isopropyl alcohol market. 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’s 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
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Report Metric |
Details |
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Forecast Period |
2023 to 2030 |
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Base Year |
2022 |
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Historic Years |
2021 (Customizable to 2015-2020) |
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Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
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Segments Covered |
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) |
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Countries Covered |
Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe |
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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) |
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Market Opportunities |
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Market Definition
The isopropyl alcohol market refers to the regional industry focused on the production, distribution, and utilization of isopropyl alcohol (IPA) solutions, typically containing 60% to 90% alcohol, serving as a versatile disinfectant, solvent, and cleaning agent across healthcare, pharmaceuticals, electronics manufacturing, and other sectors, driven by demand for sanitization, manufacturing processes, and hygiene products.
Europe Isopropyl Alcohol Market Dynamics
Drivers
- Pandemic-Driven Demand
The surge in demand for isopropyl alcohol in Europe is propelled by the COVID-19 pandemic, where IPA's effectiveness as a disinfectant has led to its widespread use in hospitals, households, and industries to mitigate viral transmission, fostering robust market growth.
- Healthcare Sector Expansion
The growing healthcare industry in Europe, marked by increasing medical facilities and pharmaceutical production, creates a consistent need for isopropyl alcohol for disinfection, sterilization, and pharmaceutical manufacturing processes, bolstering market demand.
Opportunity
- Innovation in Product Formulations
Research and development efforts can focus on enhancing IPA-based sanitizers and disinfectants by introducing features like longer-lasting protection, reduced skin irritation, or eco-friendly formulations to meet evolving consumer preferences and regulatory requirements, thereby gaining a competitive edge and expanding market share in the rapidly growing hygiene and disinfection product markets in Europe.
Restraint/Challenge
- Decline in Sales Resulting from Oversupply of Sulfuric Acid
Supply chain disruptions, such as raw material shortages and transportation bottlenecks, restrain the Europe isopropyl alcohol market, causing production delays and shortages. Simultaneously, regulatory hurdles and environmental concerns challenge the industry, with stringent compliance requirements and growing eco-consciousness necessitating sustainable practices and potential shifts toward greener alternatives.
Recent Development
- 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
Europe Isopropyl Alcohol Market Scope
The Europe 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.
Production Method
- Indirect Hydration
- 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
Europe Isopropyl Alcohol Market Regional Analysis/Insights
Europe 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 Europe isopropyl alcohol market report are the Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe.
Germany is expected to dominate the Europe isopropyl alcohol market due to its consistent demand and potential for innovative product development. U.S. is the fastest growing country in this market due to the growing demand by pharmaceutical industry.
The country section of the report also provides individual market impacting factors and changes in regulations in the market domestically that impacts 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 Europe Isopropyl Alcohol Market Share Analysis
The Europe 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 Europe isopropyl alcohol market.
Some of the major players operating in the Europe 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)
SKU-
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