Europe Isopropyl Alcohol Market Size, Share & Trends Analysis Report By Application (Antiseptic & Astringent, Cleaning Agent, Chemical Intermediate, Solvent, and Others) By End Use, By Country and Growth Forecast, 2023 - 2030
The Europe Isopropyl Alcohol Market would witness market growth of 7.5% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 285.44 kilo tonnes, showcasing a growth of 6.7% (2019-2022).
Isopropyl alcohol is a printing and ink-manufacturing solvent. It dissolves dyes, pigments, and resins to formulate printing inks and coatings. IPA helps control viscosity, improve ink flow, and enhance print quality in various printing processes, including offset printing, flexography, and gravure printing. Isopropyl alcohol is used in the automotive and aerospace industries for cleaning and degreasing metal surfaces, engine parts, and aircraft components. It helps remove oils, greases, and contaminants from surfaces before painting, coating, or assembly. IPA's fast evaporation rate and residue-free cleaning properties make it suitable for precision automotive and aerospace manufacturing applications.
Moreover, isopropyl alcohol is employed in metalworking and surface treatment processes for cleaning, degreasing, and surface preparation. It helps remove cutting fluids, machining oils, and lubricants from metal surfaces before welding, plating, or coating operations. IPA is also used for cleaning metal parts, tools, and equipment in metal fabrication and machining operations. Isopropyl alcohol is a raw material, intermediate, and solvent in various chemical manufacturing processes. It is a precursor for producing other chemicals, such as acetone, isopropyl acetate, and isopropylamine. Due to its adaptability and compatibility with a wide range of compounds, IPA is an indispensable component in chemical synthesis and formulation.
As per the Cosmetic, Toiletry, and Perfume Association Limited (CTPA), the European countries with the highest demand for personal care products and cosmetics are France, Italy, the United Kingdom, and Spain. Each of them has a market value of €12.882 billion, €11.505 billion, €10.487 billion, and €9.250 billion, respectively. Hence, the increasing cosmetics industry and demand for personal care products in the region are propelling the growth of the isopropyl alcohol market.
The Germany market dominated the Europe Isopropyl Alcohol Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $214.5 million by 2030. The UK market would register a CAGR of 6.5% during (2023 - 2030). Additionally, The France market is showcasing a CAGR of 8.2% during (2023 - 2030).
Based on Application, the market is segmented into Antiseptic & Astringent, Cleaning Agent, Chemical Intermediate, Solvent, and Others. Based on End Use, the market is segmented into Pharmaceutical, Cosmetics & Personal Care, Food & Beverage, Paints & Coatings, Electronics, Chemicals, and Others.Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
List of Key Companies Profiled
- The Dow Chemical Company
- LyondellBasell Industries Holdings B.V.
- Huntsman Corporation
- Ecolab, Inc.
- Exxon Mobil Corporation
- INEOS Group Holdings S.A.
- LG Chem Ltd. (LG Corporation)
- Linde plc
- Shell plc
- Mitsubishi Chemical Holdings Corporation
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Antiseptic & Astringent
- Cleaning Agent
- Chemical Intermediate
- Solvent
- Others
- Pharmaceutical
- Cosmetics & Personal Care
- Food & Beverage
- Paints & Coatings
- Electronics
- Chemicals
- Others
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Europe Isopropyl Alcohol Market, by Application
- 1.4.2 Europe Isopropyl Alcohol Market, by End Use
- 1.4.3 Europe Isopropyl Alcohol Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- 3.2.3 Market Opportunities
- 3.2.4 Market Challenges
- 3.3 Porter Five Forces Analysis
- Chapter 4. Europe Isopropyl Alcohol Market by Application
- 4.1 Europe Antiseptic & Astringent Market by Country
- 4.2 Europe Cleaning Agent Market by Country
- 4.3 Europe Chemical Intermediate Market by Country
- 4.4 Europe Solvent Market by Country
- 4.5 Europe Others Market by Country
- Chapter 5. Europe Isopropyl Alcohol Market by End-use
- 5.1 Europe Pharmaceutical Market by Country
- 5.2 Europe Cosmetics & Personal Care Market by Country
- 5.3 Europe Food & Beverage Market by Country
- 5.4 Europe Paints & Coatings Market by Country
- 5.5 Europe Electronics Market by Country
- 5.6 Europe Chemicals Market by Country
- 5.7 Europe Others Market by Country
- Chapter 6. Europe Isopropyl Alcohol Market by Country
- 6.1 Germany Isopropyl Alcohol Market
- 6.1.1 Germany Isopropyl Alcohol Market by Application
- 6.1.2 Germany Isopropyl Alcohol Market by End-use
- 6.2 UK Isopropyl Alcohol Market
- 6.2.1 UK Isopropyl Alcohol Market by Application
- 6.2.2 UK Isopropyl Alcohol Market by End-use
- 6.3 France Isopropyl Alcohol Market
- 6.3.1 France Isopropyl Alcohol Market by Application
- 6.3.2 France Isopropyl Alcohol Market by End-use
- 6.4 Russia Isopropyl Alcohol Market
- 6.4.1 Russia Isopropyl Alcohol Market by Application
- 6.4.2 Russia Isopropyl Alcohol Market by End-use
- 6.5 Spain Isopropyl Alcohol Market
- 6.5.1 Spain Isopropyl Alcohol Market by Application
- 6.5.2 Spain Isopropyl Alcohol Market by End-use
- 6.6 Italy Isopropyl Alcohol Market
- 6.6.1 Italy Isopropyl Alcohol Market by Application
- 6.6.2 Italy Isopropyl Alcohol Market by End-use
- 6.7 Rest of Europe Isopropyl Alcohol Market
- 6.7.1 Rest of Europe Isopropyl Alcohol Market by Application
- 6.7.2 Rest of Europe Isopropyl Alcohol Market by End-use
- Chapter 7. Company Profiles
- 7.1 The Dow Chemical Company
- 7.1.1 Company Overview
- 7.1.2 Financial Analysis
- 7.1.3 Segmental and Regional Analysis
- 7.1.4 Research & Development Expenses
- 7.1.5 Recent strategies and developments:
- 7.1.5.1 Partnerships, Collaborations, and Agreements:
- 7.1.6 SWOT Analysis
- 7.2 LyondellBasell Industries Holdings B.V.
- 7.2.1 Company Overview
- 7.2.2 Financial Analysis
- 7.2.3 Segmental and Regional Analysis
- 7.2.4 Research & Development Expenses
- 7.2.5 Recent strategies and developments:
- 7.2.6 SWOT Analysis
- 7.3 Huntsman Corporation
- 7.3.1 Company Overview
- 7.3.2 Financial Analysis
- 7.3.3 Segment and Regional Analysis
- 7.3.4 Research & Development Expense
- 7.3.5 SWOT Analysis
- 7.4 Ecolab, Inc.
- 7.4.1 Company Overview
- 7.4.2 Financial Analysis
- 7.4.3 Segmental and Regional Analysis
- 7.4.4 Research & Development Expenses
- 7.4.5 SWOT Analysis
- 7.5 Exxon Mobil Corporation
- 7.5.1 Company Overview
- 7.5.2 Financial Analysis
- 7.5.3 Segmental and Regional Analysis
- 7.5.4 Research & Development Expenses
- 7.5.5 SWOT Analysis
- 7.6 INEOS Group Holdings S.A.
- 7.6.1 Company Overview
- 7.6.2 Financial Analysis
- 7.6.3 Segmental and Regional Analysis
- 7.6.4 SWOT Analysis
- 7.7 LG Chem Ltd. (LG Corporation)
- 7.7.1 Company Overview
- 7.7.2 Financial Analysis
- 7.7.3 Segmental and Regional Analysis
- 7.7.4 SWOT Analysis
- 7.8 Linde PLC
- 7.8.1 Company Overview
- 7.8.2 Financial Analysis
- 7.8.3 Segmental Analysis
- 7.8.4 Research & Development Expenses
- 7.8.5 SWOT Analysis
- 7.9 Shell plc
- 7.9.1 Company Overview
- 7.9.2 Financial Analysis
- 7.9.3 Segmental and Regional Analysis
- 7.9.4 Research & Development Expenses
- 7.9.5 SWOT Analysis
- 7.10. Mitsubishi Chemical Holdings Corporation
- 7.10.1 Company Overview
- 7.10.2 Financial Analysis
- 7.10.3 Segmental Analysis
- 7.10.4 Research & Development Expense
- 7.10.5 SWOT Analysis
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