Published Date: 2022-01-13
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European Isopropyl Alcohol Market size is estimated to reach USD 2.25 billion by 2027, according to a latest forecast report by Graphical Research.
Growing production and demand for sanitizers, soaps & detergents owing to the spread of COVID-19 and surging demand for disinfectants and cleaning agents in both commercial and household application are the major factors driving the market across Europe. Developed pharmaceutical, automotive, cosmetic & personal care, and medical sector in Europe is projected to boost the market growth.
The disinfectant application segment is poised to grow at 6.5% CAGR during the forecast period. Isopropyl alcohol in a solution between 60% to 90% alcohol along with 10% to 40% purified water, act as an effective antimicrobial agent against fungi, viruses, and bacteria. Thus, as a disinfectant, it is used in hospitals, pharmaceutics, cleanrooms, electronics & medical device manufacturing.
Factor such as health and hygiene-related awareness, high healthcare spending and escalating household expenditure have led to growing demand for disinfectants. Also, increasing consumer spending on hygiene products over the recent years due to growing prevalence of diseases and increased health concerns among the population should augment the demand for disinfectants, thereby propel the market revenue.
Cleaning agent application segment accounted over USD 240 million revenue in 2020. IPA is used a highly effective cleaning agent used to clean a wide range of substrates. Increasing demand for industrial and household cleaning products across Europe and rising awareness regarding cleanliness and hygiene have led to high demand for cleaning agent, thus, accelerating the industry growth.
Browse detailed statistical insights from the report, “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” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/2035/europe-isopropyl-alcohol-market
The medical end-use segment of IPA held for USD 280 million revenue in 2020. It is primarily used to prevent the growth or kill the bacteria on the skin surface. It is also used to prevent bacterial skin infections from scrapes or minor cuts and to prevent infection that is caused by needle punctures. Thus, wide range application of isopropyl alcohol in medical industry should accelerate the industry demand.
Increasing incidences of hospital-acquired infections along with implementation of stringent regulations in Europe pertaining to hygiene in the medical sector should drive the market growth. Developed healthcare infrastructure and high healthcare spending of the consumers have accelerated the growth of medical sector in Europe.
The Germany isopropyl alcohol industry will reach USD 415 million by 2027. Developed cosmetic, medical, pharmaceutical, automotive, and food industries is anticipated to propel the market size. Furthermore, high disposable income, evolving perceptions on sanitation methods, and increasing awareness about personal care products are the major factors leading to an increase in the consumption of isopropyl alcohol in Germany.
The isopropyl alcohol in European market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
Europe Market, By Application
Europe Market, By End-use
The above information has been provided for the following countries:
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