The India isopropyl alcohol (IPA) market size reached USD 87.50 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 175.28 Million by 2033, exhibiting a growth rate (CAGR) of 7.40% during 2025-2033. The market is experiencing significant growth with growing demand across industries such as pharmaceuticals, cosmetics, and automobiles. Moreover, the growing healthcare industry, surging demand for sanitizers, and industrial applications are acting as growth-inducing factors. Since IPA has a key application in disinfection and cleaning, its demand has been continuously growing, thereby favoring the market further.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 87.50 Million |
Market Forecast in 2033 | USD 175.28 Million |
Market Growth Rate (2025-2033) | 7.40% |
Growing Demand in Pharmaceuticals and Healthcare
The healthcare and pharmaceutical industries are positively impacting the increasing demand for isopropyl alcohol in India. IPA's efficiency as a disinfectant and a solvent in the manufacture of medicines, sanitizers, and vaccines has rendered it an indispensable product. In line with this, the COVID-19 pandemic rapidly increased the demand for IPA, which was used on a large scale for sanitization and healthcare-related purposes. IPA is increasingly being used by hospitals, clinics, and healthcare centers for sterilization and cleaning. With the Indian healthcare infrastructure growing further, particularly in tier 2 and tier 3 cities, demand for IPA will continue to be robust. Likewise, India's rising population and growing health concerns are anticipated to fuel the need for more efficient cleaning and disinfection processes, which will further drive IPA consumption. The growing focus on health and hygiene, particularly after the pandemic, has solidified IPA's position as a key chemical in the Indian market. Additionally, with the lifting of import safeguards in April 2024, IPA has become more accessible, thus ensuring a stable supply for healthcare and pharmaceutical companies across India.
Rising Use in Cosmetics and Automotive Industries
The use of Isopropyl Alcohol is also growing in cosmetics and the automobile industry. IPA in cosmetics is used as a solvent and in ingredients for use in a variety of products ranging from skin cleansing agents, hand sanitizers, and make-up removers. As disposable income and consumption in India increase, there has been a growing trend towards high-end cosmetic and personal care items. The increasing demand for personal grooming and hygiene by the urban population raises the demand for IPA even more. In the auto sector, IPA is a cleaner and degreaser applied on engine components and surfaces, imparting maintenance and improved vehicle performance. As one of the largest automobile markets globally, expansion in the automobile sector keeps the consumption of IPA moving. Also, with the opening of additional manufacturing facilities in various parts of the country, the need for quality cleaning and maintenance products is increasing, thereby adding to the growth of the market.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on application and industry.
Application Insights:
The report has provided a detailed breakup and analysis of the market based on the application. This includes process solvent, cleaning agent, coating solvent, intermediate, and others.
Industry Insights:
The report has provided a detailed breakup and analysis of the market based on the industry. This includes cosmetic and personal care, pharmaceutical, food and beverage, paints and coatings, chemical, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Applications Covered | Process Solvent, Cleaning Agent, Coating Solvent, Intermediate, Others |
Industries Covered | Cosmetic and Personal Care, Pharmaceutical, Food and Beverage, Paints and Coatings, Chemical, Others |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |