The India Isopropyl Alcohol (IPA) market volume stood at approximately 240 thousand tonnes in FY2022 and is expected to expand at a healthy CAGR 6.05% in the forecast period by FY2030.
Isopropyl Alcohol (IPA) or isopropanol is a colorless liquid which is commonly employed in disinfectants, cleaning products, and sanitizers. It is a major component of rubbing alcohol. IPA can be synthesized by indirect hydration of Propylene, or direct hydration of Propylene, or catalytic hydrogenation of Acetone. The substance is used by numerous companies to make a wide range of industrial and domestic chemicals. It is also a crucial component of many chemical formulations, including detergents, disinfectants, and antiseptics. Other niche applications of IPA are herbicide and insecticide formulation, ink manufacture, surface coatings, and resin production.
Isopropyl alcohol's (IPA) use in the pharmaceutical sector is what predominantly drives the demand for this chemical in India. Owing to its superior disinfecting nature, IPA is widely employed to manufacture sanitizers and disinfectants which is anticipated to further rise in the forecast period. Moreover, 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. Due to its use in the construction and automotive industries, owing to the demand from the paints and coatings industry is anticipated to increase in the upcoming years. The Isopropyl Alcohol (IPA) market volume is estimated to reach approximately 360 thousand tonnes by FY2030.
Based on the region, in the historic period of FY2015-FY2022, West India has been dominating in the market. Western states like Gujarat and Maharashtra have ports and abundance of IPA consumers thus leading to a higher consumption in the region. 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 next after West India in terms of consumption. 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. In India, isopropyl alcohol demand is met by only two companies, Deepak Phenolics Ltd and Deepak Fertilizers and Petrochemicals Corporation Ltd, with their plant facilities situated in Dahej (Gujarat) and Taloja (Maharashtra).
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.
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.
Years considered for this report:
Historical Period: FY2015-FY2022
Base Year: FY2022
Estimated Year: FY2023
Forecast Period: FY2024- FY2030
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Objective of the Study:
• To assess the demand-supply scenario of Isopropyl Alcohol (IPA) which covers production, demand and supply of Isopropyl Alcohol (IPA) market in India.
• To analyse and forecast the market size of Isopropyl Alcohol (IPA) in India.
• To classify and forecast India Isopropyl Alcohol (IPA) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, green field projects/ brown field expansions. mergers & acquisitions, etc., of Isopropyl Alcohol (IPA) market in India.
To extract data for India Isopropyl Alcohol (IPA) market, primary research surveys were conducted with Isopropyl Alcohol (IPA) manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for India Isopropyl Alcohol (IPA) market over the coming years.
ChemAnalyst calculated Isopropyl Alcohol (IPA) demand in India by analyzing the historical data and demand forecast which was carried out considering the imports and domestic production coupled with demand from end user industry. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data / import data of Isopropyl Alcohol (IPA) to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Isopropyl Alcohol (IPA) manufacturers and other stakeholders
• Organizations, forums and alliances related to Isopropyl Alcohol (IPA) distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Isopropyl Alcohol (IPA) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, India Isopropyl Alcohol (IPA) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
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Details
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Market size Volume in FY2022
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240 thousand tonnes
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Market size Volume by FY2030
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360 thousand tonnes
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Growth Rate
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CAGR of 6.05% from FY2023 to FY2030
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Base year for estimation
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FY2023
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Historic Data
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FY2015 – FY2022
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Forecast period
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FY2024 – FY2030
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Quantitative units
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Demand in thousand tonnes and CAGR from FY2023 to FY2030
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Report coverage
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Industry Market Size, Capacity By Company, Capacity by Location, Operating Efficiency, Production by Company, Capacity by Technology, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade
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Segments covered
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By End-Use: (Pharmaceuticals, Chemicals, Paints & Coatings, Cosmetics, and others)
By Sales Channel: (Direct Sale and Indirect Sale)
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Regional scope
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North India, South India, East India, West India
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Pricing and purchase options
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
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