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).
Free Valuable Insights: The Global Isopropyl Alcohol Market will Hit USD 4.4 Billion by 2030, at a CAGR of 7.7%
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.
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By End Use (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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