The Iso Propyl Alcohol demand in India has shown robust growth in the past five years and is majorly driven by Pharmaceutical sector. The IPA market in India is anticipated to grow at a CAGR of 7.72% by volume owing to its growing consumption as a solvent in the country’s aggressively growing pharmaceuticals and chemicals industry. With the increase in per capita income and rising urbanization, the demand for IPA is set to grow enormously in the coming years. Until 2019, Deepak Fertilizers and Petrochemicals Ltd. (DFPCL) operated the only capacity of Isopropyl Alcohol in India. The installed capacity of Isopropyl Alcohol has been expanded in 2020 to cater the growing demand. DFPCL has planned expansion of Isopropyl Alcohol in near future and Deepak Phenolics has already started a plant of Isopropyl Alcohol with 30 thousand Tonnes capacity in 2020. Currently, only these two manufacturers of Isopropyl Alcohol are operating in India.

Most of the demand for Isopropyl Alcohol in India emanates from the country’s pharmaceutical sector. Growing awareness about hygiene across the country has created a sudden increase in demand for sanitization products. Rising middle class income is encouraging people to opt for improved healthcare services supported with health insurance. Also, India medical tourism is experiencing an annual growth rate of 22-25%, which is augmenting demand for medical aids and pharmaceuticals.

Hence, pharmaceutical application segment is expected to continue accounting for majority of the Isopropyl Alcohol demand during the forecast period.

India imports around 50% of its Iso Propyl demand from overseas countries. Due to COVID-19 pandemic, demand for Isopropyl Alcohol has shot aggressively for current year.

There are several suppliers exporting Iso Propyl Alcohol in India. Deepak Fertilizers and Petrochemical Corporation is one of the major importers of Isopropyl Alcohol. South Korea, China, US, Taiwan and Singapore are the top 5 exporting countries to India in FY2020. ExxonMobil Corporation, Dow Chemical Company, Pure Chemical Pte Ltd, ICC Chemical Corporation, Gemoil (Singapore) Pte Ltd, LG Chem Ltd are some of the major companies supplying Iso Propyl Alcohol in India.
To extract data for India Iso Propyl Alcohol market, primary research surveys were conducted with manufacturers, suppliers, distributors, wholesalers and end users of Iso Propyl Alcohol. 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 end user segments and projected a positive outlook for India Iso Propyl Alcohol market over the coming years.

ChemAnalyst calculated demand for Iso Propyl Alcohol in India by analyzing the historical data and demand forecast was carried out considering consumption from end user industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports and annual reports were also studied by ChemAnalyst. Key Target Audience:

  • Iso Propyl Alcohol manufacturers, suppliers, distributors and other stakeholders
  • Organizations, forums and alliances related to Iso Propyl Alcohol distribution
  • Government bodies such as regulating authorities and policy makers
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Iso Propyl Alcohol manufacturers, distributors and policy makers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.

Report Scope:
In this report, the India Iso Propyl Alcohol market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, by Application - Cleaning Agent, Process Solvent, Coating Solvent, Chemical Intermediate
  • Market, by Grade - Pharmaceutical, Industrial, Cosmetic, others
  • Market, by End use - Pharmaceuticals, Cosmetic & Personal Care, Chemical Manufacturing, Paints & Coating, Food & Beverage, Others
  • Market, By Distribution Channel - Direct/Institutional Sales, Retail Sales, Other Channel Sales
  • Market, by Region - North, South, East and West.

Competitive Landscape
ChemAnalyst offers detailed analysis of major players including basic company details, Segmental/product information, financial matrices, growth strategies, expansion plans, collaborations, SWOT analysis give a comprehensive and meaningful insights on the respective product market.

Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.