Drug Price Trends for FT ETHYL RUBBING ALCOHOL

Average Pharmacy Cost for FT ETHYL RUBBING ALCOHOL

These are average pharmacy acquisition costs (net of discounts) from a US national survey

Drug Name	NDC	Price/Unit ($)	Unit	Date
FT ETHYL RUBBING ALCOHOL 70%	70677-1220-01	0.00371	ML	2025-03-19
FT ETHYL RUBBING ALCOHOL 70%	70677-1220-01	0.00368	ML	2025-02-19
FT ETHYL RUBBING ALCOHOL 70%	70677-1220-01	0.00369	ML	2025-01-22
FT ETHYL RUBBING ALCOHOL 70%	70677-1220-01	0.00368	ML	2024-12-18
FT ETHYL RUBBING ALCOHOL 70%	70677-1220-01	0.00369	ML	2024-11-20
FT ETHYL RUBBING ALCOHOL 70%	70677-1220-01	0.00368	ML	2024-10-23

Market Analysis and Price Projections for Ethyl Rubbing Alcohol

Market Overview

Ethyl rubbing alcohol, a form of industrial alcohol, is a crucial component in various industries, including pharmaceuticals, personal care, and healthcare. Here’s a comprehensive analysis of the market and price projections for ethyl rubbing alcohol.

Global Market Size and Growth

The global market for ethyl alcohol, which includes ethyl rubbing alcohol, has been experiencing significant growth. In 2023, the ethyl alcohol market size was valued at $561.68 billion and is projected to grow to $601.2 billion in 2024, with a compound annual growth rate (CAGR) of 7.0%[1].

By 2028, the market is expected to reach $785.5 billion, driven by factors such as the growth in pharmaceutical and healthcare sectors, chemical manufacturing innovations, and the increasing demand for renewable energy and biofuels[1].

Segmentation and Applications

Ethyl rubbing alcohol is used in several key applications:

Pharmaceuticals and Healthcare

• It is a primary ingredient in rubbing alcohol and other common household products like cleansers, disinfectants, and hand sanitizers. The demand for these products has surged due to the rising spread of diseases like COVID-19, driving the market growth[4].

Personal Care and Cosmetics

• Ethyl alcohol is widely used in personal care products such as mouthwashes, skin cleansers, and antiseptics. The growing demand for these products, especially in the context of increasing health awareness, contributes to the market expansion[1].

Food Processing

• Ethyl alcohol is used as an intoxicating ingredient in alcoholic and non-alcoholic beverages. The growing food processing industry, driven by demand for ready-to-eat, frozen, and packaged foods, further boosts the demand for ethyl alcohol[1].

Regional Analysis

North America

• This region is a significant market for industrial alcohol, including ethyl rubbing alcohol. The U.S. market, in particular, has a high demand due to government mandates promoting the use of ethanol as a biofuel additive in gasoline[5].

Asia-Pacific

• Countries like India and China are experiencing rapid growth in the demand for ethyl alcohol due to its various applications, including food and beverages, pharmaceuticals, and personal care. India's ethanol market, for example, is expected to grow at a CAGR of 14.50% by 2024[1].

Europe

• The European market is also seeing growth, driven by the demand from the pharmaceutical, personal care, and chemical manufacturing sectors. However, the market is expected to face challenges due to weak terminal downstream demand and rising inflation[2].

Price Trends and Projections

Current Price Trends

• The prices of ethyl alcohol and related products have shown variability. For instance, isopropyl alcohol, which is closely related to ethyl alcohol in terms of industrial use, saw significant price fluctuations in 2023. Prices rose from around $1008/MT in July 2023 to $1555/MT in September 2023 in India, before stabilizing and then declining due to weak demand and ample inventory levels[2].

Future Price Projections

• Given the current market dynamics, the prices of ethyl rubbing alcohol are expected to stabilize or slightly decrease in the coming months. Factors such as weak global economic conditions, declining feedstock costs, and sufficient supply availability are likely to maintain pressure on the market fundamentals, leading to lower prices[2].

Key Trends and Drivers

Bio-Based Ethyl Alcohol

• The trend towards bio-based ethyl alcohol is gaining momentum, driven by environmental regulations and the push for renewable energy sources. This trend is expected to drive the market growth in the forecast period[1].

Advanced Pharmaceutical Formulations

• Innovations in pharmaceutical formulations that use ethyl alcohol are expected to boost the demand. For example, the use of ethyl alcohol in advanced disinfectants and hand sanitizers has seen a significant increase[4].

Circular Economy Initiatives

• Initiatives towards a circular economy are promoting the use of sustainable and recyclable materials, which includes the use of ethyl alcohol in various applications. This trend is expected to contribute to the market growth[1].

Digital Transformation in Ethyl Alcohol Production

• The adoption of digital technologies in the production of ethyl alcohol is expected to improve efficiency and reduce costs, further driving the market expansion[1].

Challenges and Limitations

Surging Awareness of Hazardous Impacts

• Increasing awareness about the hazardous impacts of alcohol could potentially hamper market growth. However, the benefits of ethyl alcohol in various applications, especially in healthcare and personal care, are likely to outweigh these concerns[4].

Economic Uncertainties

• Global economic uncertainties, such as inflation and changes in interest rates, can affect the overall demand and pricing of ethyl rubbing alcohol. For instance, the Federal Reserve's stance on interest rates has added to market uncertainties in North America[2].

Key Takeaways

• The global ethyl alcohol market, including ethyl rubbing alcohol, is expected to grow significantly driven by pharmaceutical, personal care, and food processing industries.
• Regional markets such as North America, Asia-Pacific, and Europe are key drivers of this growth.
• Price trends are expected to stabilize or decrease due to weak demand and ample inventory levels.
• Bio-based ethyl alcohol, advanced pharmaceutical formulations, and circular economy initiatives are key trends driving the market.
• Economic uncertainties and awareness of hazardous impacts are potential challenges.

Frequently Asked Questions (FAQs)

1. What is the current market size of the global ethyl alcohol market?

The global ethyl alcohol market size was valued at $561.68 billion in 2023[1].

2. What are the primary applications of ethyl rubbing alcohol?

Ethyl rubbing alcohol is primarily used in pharmaceuticals, personal care, and food processing industries[1][4].

3. Which regions are driving the growth of the ethyl alcohol market?

North America, Asia-Pacific, and Europe are the key regions driving the growth of the ethyl alcohol market[1][5].

4. What are the expected price trends for ethyl rubbing alcohol in the coming months?

Prices are expected to stabilize or slightly decrease due to weak global economic conditions, declining feedstock costs, and sufficient supply availability[2].

5. What are the key trends driving the ethyl alcohol market?

Key trends include the shift towards bio-based ethyl alcohol, advanced pharmaceutical formulations, circular economy initiatives, and digital transformation in production[1].

Cited Sources:

1. The Business Research Company. Ethyl Alcohol Global Market Report 2024.
2. Procurement Resource. Isopropyl Alcohol Price Trend and Forecast.
3. Market Research Reports. Global Ethyl Rubbing Alcohol Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030.
4. Fortune Business Insights. Ethanol Market Size, Share, Value & Industry Outlook [2030].
5. Straits Research. Industrial Alcohol Market Trends, Growth, & Share-2032.