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Nigeria and Africa have witnessed significant growth in the demand for IPA due to the expanding industrial and healthcare sectors.
Statistics by Grand View Research show a rising trend in IPA consumption globally, with an estimated market value of USD 4.1 billion in 2020 and a projected CAGR of 5.7 from 2021 to 2028.
Nigeria and Africa have witnessed significant growth in the demand for IPA due to the expanding industrial and healthcare sectors.
Statistics show a rising trend in IPA consumption globally, with an estimated market value of USD 4.1 billion in 2020 and a projected CAGR of 5.7 from 2021 to 2028 (source Grand View Research).
Additionally, the growing electronics manufacturing sector in Africa further contributes to the demand for IPA as a cleaning agent.
In terms of export opportunities, Nigeria has the potential to serve as a regional hub for IPA production and supply.
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