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Europe Isopropyl Alcohol Market Forecast 2026 By End-Use Industry (Food, Pharmaceutical, Cosmetic & Personal Care, Medical, Electronics, Automotive), By Application (Solvent, Cleaning Agent, Chemical Intermediate, Flavoring Agent, Disinfectant) Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
Published Date: January 2022 | Publisher: Graphical Research Report ID: GR2035 | Delivery : PDF  Request Free Sample

Europe Isopropyl Alcohol Market size surpassed USD 1.5 billion in 2020 and is anticipated to exhibit a CAGR of 5% from 2021 to 2027.

There has been growing demand for isopropyl alcohol in Europe owing to increasing demand for personal hygiene products and sanitizers due to COVID-19 coupled with developed healthcare sector. Rapid growth in the food, pharmaceutical, medical, and automotive industries along with high demand for cosmetic products in the region, are expected to drive the isopropyl alcohol market expansion in Europe.

Europe Market, By Application

The solvent segment will likely showcase 4% growth rate during the forecast period. Isopropyl alcohol is used as a solvent in wide range of products such as drugs, cosmetics, gums, shellacs, formulation of pesticides & herbicides, surface coatings, inks, and resin production.

Isopropyl alcohol easily dissolves with a wide range of non-polar compounds. It offers various benefits such as it leaves zero oil traces as compared to ethanol, it is relatively non-toxic as compared to commercially available alternative solvents. Owing to its excellent solvency properties, isopropyl alcohol is recognized as one of the primary solvents across end-use industries.

Europe Market, By End-use

The cosmetic & personal care end-use segment of IPA surpassed USD 785 million revenue in 2020. Isopropyl alcohol is mainly used in cosmetic and skincare products to enhance the absorption of other ingredients used in the products. It also improves the spread ability of the cosmetic products which further help the other cosmetic ingredients to evenly distribute and penetrate easily into the skin.

The automotive end-use segment value was nearly USD 230 million in 2020. Isopropyl alcohol in automotive industry is primarily uses for car care. Car detailers use isopropyl alcohol to strip waxes from cars and other vehicles before polishing or painting. As a thawing agent, it is added to fuel tanks and windshield washes to solubilize water so that it does not freeze in the lines and separate from the gas.

Europe Market, By Country

Well-established automotive sector in major European countries including Germany, France, Italy, and Spain along with strong presence of large automotive industry companies in the region is projected to fuel the isopropyl alcohol market growth. Moreover, increasing investment in automotive sector, increasing car production and growing car modification trends will boost the market demand in Europe.

Competitive Industry Landscape

Prominent players in the Europe isopropyl alcohol market include Dow Chemical, ExxonMobil, Shell, INEOS, LG Chem, Linde plc, Ecolab, LyondellBasell Industries, Alfa Aesar, MITSUI CHEMICALS EUROPE GmbH, and DUTCH2.

Companies are focusing on strategies such as production capacity expansion, partnerships, and agreements to extend their distribution channel & product reach. In 2020, ExxonMobil accelerated the production of raw materials such as isopropyl alcohol, that is primarily used to produce medical gowns, masks, and hand sanitizer that are mainly used by medical professionals and first responders. The company increased isopropyl alcohol by up to 3,000 tons which is further used to produce 50 million hand sanitizer bottles.

Frequently Asked Question(FAQ) :

The market size for isopropyl alcohol in Europe had surpassed $1.5 billion in valuation in 2020 and is projected to showcase 5% CAGR over 2021-2027.
Solvents may record around 4% CAGR in the market through 2027 as the chemical compound is being extensively used as a solvent in cosmetic products, medicines, shellacs, gums, inks, and resin production.
Cosmetic & personal care sector captured a share worth more than $785 million in Europe industry in 2020 as the chemical compound improves the absorption of ingredients that are used in the products and enhances the spreadability of cosmetic items.
The COVID-19 pandemic positively contributed to the growth of Europe market share as the demand for sanitizers and personal hygiene products increased at a tremendous rate among the regional population to avoid getting infected by the virus.
Leading organizations, such as ExxonMobil, Alfa Aesar, LyondellBasell Industries, Ecolab, LG Chem, MITSUI CHEMICALS EUROPE GmbH, and INEOS, among many others, are positively influencing Europe industry outlook.

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