India Isopropyl Alcohol (IPA) Market to Grow at a CAGR of 5.33% by FY2030 | ChemAnalyst

According to ChemAnalyst report,?“India Isopropyl Alcohol (IPA) Market?Analysis: Plant Capacity, Production, Technology, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2030”,?The India Isopropyl Alcohol (IPA) Market is likely to reach approximately 360 thousand tonnes by FY2030, at a steady CAGR of 6.05% during the forecasted period. The end-use industries like Pharmaceuticals, Chemicals, Paints & Coatings, and Cosmetics are anticipated to grow the India Isopropyl Alcohol (IPA) Market in the forthcoming years.

Isopropyl Alcohol (IPA) or isopropanol is a colourless liquid with chemical formula C3H8O. IPA is soluble in many chemicals such as ethyl cellulose, ethanol, chloroform, oils, alkaloids, natural resins, and ether. Being extremely safe and highly evaporative, Isopropyl Alcohol is widely used for sterilization purposes in the medical sector. Using topical isopropyl alcohol on the skin can help stop bacterial skin infections from small scrapes or cuts. In healthcare settings, isopropyl alcohol is used to stop infections that could result from needle punctures. Isopropyl alcohol has many uses, one of which is as a solvent. Herbicide and pesticide formulation, ink production, surface coatings, and resins production are a few of its direct applications. Because of its low boiling point, and low density, IPA is also used to dilute essential oils.

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IPA has applications in the pharmaceutical, automotive, and laboratory industries and is used as a solvent as well as an intermediate in the synthesis of other chemicals. However, pharmaceutical industry is the largest application of IPA. One of the main uses of the chemical is the production of antiseptics because it has great antibacterial capabilities. Moreover, due to its high evaporation rate and solubility, IPA is extensively employed for the production of paints & coatings. strong expansion in the construction sector, rising investments in the chemical industry, rising demand for cosmetics and personal care goods, and expanding pharmaceutical items in the nation are the main factors propelling the isopropanol market.

The India Isopropyl Alcohol (IPA) Market is segmented based on end-use, sales channel, and region. Based on end-use, the India Isopropyl Alcohol (IPA) market is segregated into Pharmaceuticals, Chemicals, Paints & Coatings, Cosmetics, and others. In FY2022, the Pharmaceuticals industry consumed approximately 80% of the domestic demand. Isopropyl alcohol is frequently used in the pharmaceutical industry to prepare ear drops, hand sanitizers, disinfectants, and alcohol swabs and wipes for cleaning wounds. Additionally, IPA is also used in the production of capsules and tablets in small & safe doses.

India Isopropyl Alcohol (IPA) market is segregated into four regions based on regional consumption: West, South, North, and South. Due to the presence of major paint & coatings businesses like Asian Paints and plasticizer manufacturers in these regions, western states like Gujarat and Maharashtra have been the main consumers of isopropyl alcohol (IPA). North India stands as the second largest consumer after West India. One of the main drivers of the expansion of the IPA market in North India is the presence of considerable pharmaceutical enterprises in the area, which represents the largest end-user industry for isopropyl alcohol.

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?“India Isopropyl Alcohol (IPA) Market Analysis: Plant Capacity, Production, Technology, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2030”?Major players in the Isopropyl Alcohol (IPA) market in India are Deepak Fertilizers and Petrochemicals Corporation Ltd. and Deepak Phenolics Ltd. A few global players are also catering the IPA demand which are LCY Chemical Corporation, LG Chem, Tricon Energy Ltd, and Others.

“The rapidly increasing demand for Isopropyl Alcohol (IPA) as a major component in the production of disinfectants, industrial & domestic cleaners, and hand sanitizers in the pharmaceutical sector along with its application in other industries like Chemicals, Paints & Coatings and Cosmetics industries is expected to drive the India Isopropyl Alcohol (IPA) Market in the forecast period until FY2030. Owing to rapid industrialization in the nation, the demand of paints & coatings is susceptible to rise which will most likely lead to surging demand of IPA in the forecast period. West India is the major consumer of Isopropyl Alcohol (IPA) due to the leading paints & coatings manufacturers located in this region. ”Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.