Rubbing alcohol is a flammable & colorless chemical compound extensively utilized across diverse industries as a solvent, cleaning agent, chemical intermediate, flavouring agent, disinfectant & antiseptic, among others. Growing trends such as a rising emphasis on prevention and self-medication, demographic change, surge in chronic diseases, increasing efforts by the government and several isopropyl alcohol-producing companies to combat the Covid-19 pandemic, escalating exports of medical products, rising attractive opportunities, and a favorable investment climate for pharmaceutical companies are expected to improve the growth of the rubbing alcohol market across the Europe, during the forecast period.
The countries such as the UK, Germany, France, Spain, and Italy have dominated the rubbing alcohol market in 2020. The factors such as growing market for cosmetic and personal care, chemical, food and beverage and pharmaceutical industry across the region, surge in the production of isopropyl alcohol in the countries such as the UK, Germany, and France, growing building and construction industry, rising requirement of isopropyl alcohol in soaps and sanitizers owing to COVID-19, surge in the adoption of surface disinfectants and cleaning agents for commercial and household application, and establishment of the new production plant to develop hand sanitizers are some of the key factors that accredited to the growth of the market.
Factors such as increased demand for medicines during COVID-19 pandemic, growing strategies of the manufacturers and researchers to develop medicines and other related products against COVID-19, rising investments of the various market, and rapidly growing wine producing market of the country are estimated to flourish the demand for isopropyl alcohol in the Europe. The exclusive COVID 19 impact analysis report by Axiom MRC provides a 3600 analysis of micro and macro-economic factors on rubbing alcohol market. In addition, complete analysis of changes on rubbing alcohol expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on Europe economies, international trade, business investments, GDP and marketing strategies of key players present in the market.
The Rubbing Alcohol market is segmented based on by application, by end use and country
The applications of rubbing alcohol market are antiseptic & astringent, chemical intermediate, cleaning agent, solvent and others. The growth of rubbing alcohol in the Europe is majorly driven by factors such as growing production and consumption of ethanol, increased consumption of alcoholic beverages, and enhanced demand for medical, health, and hygiene products by consumers, and surge in the consumption of cosmetics, food and pharmaceutical goods.
The end users of the Europe rubbing alcohol market is segmented into chemical, cosmetics and personal care, food and beverages, paints and coatings, pharmaceutical and others. The rising economy of the country, growing technological advancements, increasing production of isopropyl alcohol, and surge in the government initiatives and investment to boost the economy of the country are some of the major driving factors behind the growth of the market.
The key countries included under Europe are Germany, France, Italy, Spain, United Kingdom and Rest of Europe. Germany is dominating the European rubbing alcohol market followed by the UK, France, Spain, and Italy. A growing adoption rate of rubbing alcohol in various end-use industries such as cosmetics, pharmaceutical, and many others, the rising economy of the country, surge in the production of alcohol-based sanitizers, and ongoing innovations in the field of rubbing alcohol are key contributing factors behind the growth of rubbing alcohol market in the country.
The UK followed by France is projected to witness fast growth during the forecast period. The presence of leading market players across the country, rising production capacity and sales of the ethanol and isopropyl alcohol, increasing investment in research and development activities to meet several consumer demands, and opening or launching of major production facility of the products such as hand sanitizer related with rubbing alcohol are anticipated to boost market growth across the country.
The key player in Europe rubbing alcohol market are Dow Chemical, Ecolab, ExxonMobil Corporation, INEOS Corporation, Linde Gas, LyondellBasell Industries, Mistral Industrial Chemicals, ReAgent Chemicals Ltd., Royal Dutch Shell and Honeywell International Inc. among others.
The report analyses the Europe rubbing alcohol market based on by application, by end use and geography. The Rubbing Alcohol market finds its application in antiseptic & astringent, chemical intermediate, cleaning agent, solvent. The major end use of Rubbing Alcohol is in chemical, cosmetics and personal care, food and beverages, paints and coatings, pharmaceutical.
The key player in Europe Rubbing Alcohol market are Dow Chemical, Ecolab, ExxonMobil Corporation, INEOS Corporation, Linde Gas, LyondellBasell Industries, Mistral Industrial Chemicals, ReAgent Chemicals Ltd., Royal Dutch Shell and Honeywell International Inc. among others.
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