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Pharmaceutical Industry Bolstering Isopropyl Alcohol (IPA) Market Growth – Exclusive Report by Mordor Intelligence

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Pharmaceutical Industry Bolstering Isopropyl Alcohol (IPA) Market Growth – Exclusive Report by Mordor Intelligence

October 27
23:38 2021
Pharmaceutical Industry Bolstering Isopropyl Alcohol (IPA) Market Growth - Exclusive Report by Mordor Intelligence
Mordor Intelligence
The pharmaceuticals segment is likely to dominate the isopropyl alcohol market demand. Isopropyl alcohol of 70% concentration is used in alcohol swabs and alcohol wipes that are required for cleaning wounds. This is found in hand sanitizers and ear drops.

Isopropyl Alcohol (IPA) Market Overview

The isopropyl alcohol market is expected to grow at a CAGR of 4.58% during the forecast period. Pharmaceutical, personal care, and cosmetics are the major applications of isopropyl alcohol. During the COVID-19 pandemic, the increase in hand sanitizers created the demand for isopropyl alcohol. IPA is a major component of rubbing alcohol in pharmaceuticals, as well as, regular household items such as cleaners, disinfectants, and hand sanitizers. The report also covers the market size and forecasts for the isopropyl alcohol market in 15 countries across major regions.

Download free sample here – Isopropyl Alcohol (IPA) Market

Isopropyl Alcohol (IPA) Market – Geographical Overview 

Asia-Pacific region is expected to dominate the Isopropyl Alcohol (IPA) Market

The factors, such as the robust growth of the construction sector, investment in the chemical industry, increasing demand for cosmetic products, and increasing pharmaceutical products in the region, are expected to drive the growth of the isopropyl alcohol market.

Isopropyl alcohol is majorly employed in the personal care industry. The Asia-Pacific region is also registering strong growth in the demand for personal care and cosmetic products, majorly driven by the influence of western culture. This is leading to an increased usage of cosmetic products by teenagers, increased awareness of being presentable, due to a growth in women’s employment, and hygiene awareness, owing to which the production of such products has been increasing in the region. According to the National Bureau of Statistics of China, China ranks second in the global cosmetic industry, generating revenue of CNY 340.02 billion in 2020, witnessing an increase from 299.22 billion yuan in 2019, and is expected to account for CNY 439.23 billion by the end of 2024.

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Key Highlights of the Isopropyl Alcohol (IPA) Market

  • The global isopropyl alcohol (IPA) market is consolidated in nature, with the top ten companies accounting for over 74% of the global production in 2020.
  • China is the second-largest market for pharmaceuticals globally. The pharmaceutical sales of the country are expected to reach up to USD 175 billion by 2022. The country has a large and diverse domestic drug industry, comprising around 5,000 manufacturers, of which many are small- or medium-sized companies. This factor is expected to boost the growth of IPA used in the pharmaceutical industry.

Related Reports and Links

List of Key Players in the Isopropyl Alcohol (IPA) Market

  • Dow
  • Exxon Mobil Corporation
  • Kailing Chemical (Zhangjiagang) Co., Ltd.
  • Ineos
  • LG Chem
  • Royal Dutch Shell plc
  • Zhejiang Xinhua Chemical Co., Ltd.
  • China National Petroleum Corporation
  • LCY GROUP
  • Yancheng Super Chemical Technology Co., Ltd
  • Mitsui Chemicals, Inc
  • ENEOS Corporation

*List Not Exhaustive 

Mordor Intelligence has segmented the global isopropyl alcohol (IPA) market on the basis of application type, end-user industry, and geography: 

  • Application Type (Market Size & Forecast based on Volume (kilotons) and Revenue (USD million), 2016-2026)
    • Process and Preparation Solvent
    • Cleaning and Drying Agent
    • Coating and Dye Solvent
    • Intermediate
    • Other Applications
  • End-user Industry (Market Size & Forecast based on Volume (kilotons) and Revenue (USD million), 2016-2026)
    • Cosmetics and Personal Care
    • Pharmaceutical
    • Electronics
    • Paints and Coatings
    • Chemicals
    • Other End-user Industries
  • Geography (Market Size & Forecast based on Volume (kilotons) and Revenue (USD million), 2016-2026)
    • Asia-Pacific
      • China
      • India
      • Japan
      • South Korea
      • Rest of Asia-Pacific
    • North America
      • United States
      • Canada
      • Mexico
    • Europe
      • Germany
      • United Kingdom
      • Italy
      • France
      • Rest of Europe
    • South America
      • Brazil
      • Argentina
      • Rest of South America
    • Middle-East and Africa
      • Saudi Arabia
      • South Africa
      • Rest of Middle-East and Africa

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