India Isopropyl Alcohol (IPA) Market to Grow with a CAGR of 2.81% through 2030
Growing
demand for pharmaceuticals products and expanding applications in cosmetics and
personal care are factors driving the India Isopropyl Alcohol (IPA) Market in
the forecast period 2026-2030.
According
to TechSci Research report, “India Isopropyl Alcohol (IPA) Market- By
Region, Competition, Forecast and Opportunities, 2020-2030F”,
the India Isopropyl Alcohol (IPA) Market achieved a total market volume of
67.34 thousand Metric Tonnes in 2024 and is expected to reach USD 79.71
thousand metric tonnes with a projected Compound Annual Growth Rate (CAGR) of
2.81% during the forecast period.
The
rise in industrial cleaning applications is a significant driver behind the
growing demand for Isopropyl Alcohol (IPA) in manufacturing processes. IPA’s
effectiveness as a solvent and cleaner has made it indispensable across various
industries, particularly in sectors such as textiles, paints and coatings, and
adhesives. In these industries, IPA is used to clean machinery, remove grease,
and maintain the overall quality of products. Its ability to dissolve oils,
grease, and other contaminants ensures that equipment and production lines
operate efficiently, reducing downtime and enhancing the final product's
quality.
In
textile manufacturing, IPA plays a crucial role in cleaning machinery used in
dyeing and printing, ensuring that contaminants do not affect the fabric
quality or the final finish. In the paints and coatings industry, IPA is used
to clean tools, equipment, and spray guns, preventing cross-contamination
between different paint batches. This is particularly important for achieving
consistent color quality and performance. Similarly, in the adhesives industry,
IPA is employed to remove residual adhesives from machinery and to clean
surfaces before bonding, ensuring strong, reliable adhesive applications.
There has been a growing shift towards more eco-friendly and efficient cleaning
solutions within industrial operations. IPA, being a relatively low-toxicity
solvent compared to other alternatives, has gained popularity as a safer and
greener choice. It is biodegradable and evaporates quickly, leaving minimal
residues, which aligns with the increasing regulatory pressure on industries to
reduce environmental impact. This trend toward sustainability has further
accelerated IPA’s adoption in various industrial cleaning operations, making it
a key component in maintaining not only operational efficiency but also
compliance with environmental standards.
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"India Isopropyl Alcohol Market”
The
India Isopropyl Alcohol (IPA) Market is segmented into, application, end user industry,
regional distribution, and company.
Based
on the applications of Isopropyl Alcohol (IPA) in the India market, Cleaning
and Drying Agents are anticipated to be the fastest-growing segment during the
forecast period. This growth can be attributed to several key factors,
including the increasing demand from the healthcare, automotive, electronics,
and industrial sectors. In the healthcare sector, the demand for IPA as a
disinfectant and cleaning agent has surged, especially with heightened
awareness of hygiene and sanitation following the COVID-19 pandemic. IPA is
widely used for surface disinfection, hand sanitizers, and sterilization of
medical equipment, contributing to its growing use in the healthcare industry.
This trend is expected to continue as sanitation practices become more
ingrained in public and industrial health protocols. In the
automotive and electronics industries, IPA is crucial for cleaning components
and machinery, especially in the removal of oils, greases, and other residues
during manufacturing processes. Its quick evaporation rate and effectiveness in
cleaning delicate parts without causing damage to make it an ideal choice. As
India continues to expand its automotive and electronics manufacturing
capabilities, the demand for IPA in cleaning applications will continue to
rise. IPA's use in cleaning and drying in industrial processes,
such as in textile manufacturing and the production of paints and coatings, is
driving the demand. These industries rely on IPA to clean machinery and prepare
surfaces for further processing, ensuring high product quality and efficiency.
Based on region, After
the South region, the West region is the second-dominating market in India for
Isopropyl Alcohol (IPA). This is primarily driven by the significant industrial
activity in key states like Maharashtra, Gujarat, and Rajasthan, where a large
number of manufacturing units are located. The West region plays a pivotal role
in the country's chemical, automotive, and electronics industries, all of which
are major consumers of IPA. Maharashtra, with its industrial hubs like Mumbai,
Pune, and Nashik, is a critical contributor to IPA demand, especially in
sectors such as automotive, pharmaceuticals, and electronics. Gujarat, being
home to numerous chemical plants, refineries, and manufacturing facilities,
further strengthens the demand for IPA, particularly in industrial cleaning,
solvent applications, and surface preparation. The
pharmaceutical industry, which is concentrated in cities like Ahmedabad and
Surat, also drives IPA demand in the West, as it is extensively used in
disinfectants, sanitizers, and sterilization processes. Gujarat's
growing role as a key producer and exporter of chemicals boosts IPA production
and availability in the region, enhancing its market share. The presence of
robust infrastructure, easy access to ports, and a favorable business
environment contribute to the West region's dominant position in the IPA
market. As industries continue to expand and demand for cleaning, coating, and
solvent applications increases, the West region is set to maintain its position
as the second-largest market for IPA in India.
Major
companies operating in India Isopropyl Alcohol (IPA) Market are:
·
Deepak Fertilisers and Petrochemicals
Corporation Limited (DFPCL)
·
Navin Fluorine International Ltd
·
Gujarat State Fertilizers & Chemicals
·
Balaji Amines Ltd
·
Gujarat Alkalies and Chemicals Ltd
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“The
India Isopropyl Alcohol (IPA) market is increasingly shifting toward
sustainable practices, with a growing preference for renewable and bio-based
IPA. This trend reflects a broader push for greener manufacturing processes in
response to environmental concerns and regulatory pressures. Companies are
exploring alternative production methods, such as utilizing renewable raw
materials like plant-based feedstocks, to reduce the environmental footprint of
IPA production. By replacing traditional petrochemical-derived feedstocks with
bio-based alternatives, manufacturers can lower carbon emissions and promote
sustainability throughout the production chain. This shift aligns with India's
environmental goals, which include reducing dependence on fossil fuels and
promoting the use of renewable resources. With an emphasis on green
initiatives, the Indian government is encouraging industries to adopt
sustainable practices, making bio-based IPA a more attractive option. As
companies increasingly commit to eco-friendly solutions, bio-based IPA offers a
way for businesses to differentiate themselves in the market, catering to
consumers and industries prioritizing sustainability. In addition to reducing
environmental impact, bio-based IPA can provide companies with a competitive
edge, appealing to customers who are more conscious of environmental
sustainability. As demand for eco-friendly solutions grows across industries
such as pharmaceuticals, cosmetics, and automotive, the rise of bio-based IPA
represents a key opportunity for businesses to meet evolving market needs while
contributing to global sustainability efforts. This growing focus on renewable
IPA is likely to shape the future of the market, driving innovation and setting
new industry standards”, said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based management consulting firm.
“India
Isopropyl Alcohol (IPA) Market By Application (Process and Preparation Solvent,
Cleaning and Drying Agent, Coating and Dye Solvent, Intermediate, and Other
Applications), By End User Industry (Cosmetic and Personal Care,
Pharmaceutical, Electronics, Paints and Coatings, Chemical, and Other), By
Region, Competition, Forecast and Opportunities, 2019-2029F”, has
evaluated the future growth potential of India Isopropyl Alcohol (IPA) Market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in India Isopropyl Alcohol (IPA) Market.
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