Isopropyl Alcohol Market Trends

ID: MRFR/CnM/0572-HCR

147 Pages

Chitranshi Jaiswal

October 2025

Isopropyl Alcohol Market Research Report Information By Production Method (Indirect Hydration and Direct Hydration), Application (Solvents, Cleaning Agent, Intermediate, Disinfectants and others), End-Use Industry (Cosmetics & Personal Care, Pharmaceuticals, Paints & Coatings, Chemicals and others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Fore...

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Market Trends

Key Emerging Trends in the Isopropyl Alcohol Market

In recent years, the market trends of isopropyl alcohol (IPA) have seen significant fluctuations, influenced by various factors ranging from global economic conditions to shifts in consumer behavior and industrial demand. Isopropyl alcohol, a versatile chemical compound primarily used as a solvent, disinfectant, and cleaning agent, has witnessed a surge in demand, particularly amid the COVID-19 pandemic. One of the key drivers of this trend has been the heightened emphasis on hygiene and sanitation, leading to increased consumption of IPA-based products such as hand sanitizers and disinfectant wipes.

The advanced technologies in the production empower the industry with higher yield rates and production of high-purity grades which allows increasing the growth of the Isopropyl Alcohol Market.

Moreover, the pharmaceutical and healthcare sectors have emerged as major contributors to the growing demand for isopropyl alcohol. With its antiseptic properties, IPA is extensively used in the manufacturing of pharmaceuticals, medical devices, and hospital disinfectants. The rise in healthcare expenditure globally, coupled with the increasing focus on infection control measures, has propelled the demand for IPA in these sectors.

Additionally, the electronics industry has been a significant consumer of isopropyl alcohol. IPA serves as a crucial solvent for cleaning electronic components, removing flux residues, and ensuring the reliability of electronic devices. As the electronics market continues to evolve with advancements in technology and the proliferation of electronic gadgets, the demand for IPA in this sector is expected to remain robust.

However, despite the overall growth in demand, the isopropyl alcohol market faces challenges, particularly concerning raw material availability and pricing volatility. Isopropyl alcohol is primarily derived from propylene, a petrochemical feedstock whose availability and pricing are subject to fluctuations in the oil and gas industry. Moreover, environmental regulations and sustainability concerns surrounding petrochemical extraction and production processes pose additional challenges for the isopropyl alcohol market.

In response to these challenges, manufacturers are increasingly exploring alternative sources of isopropyl alcohol, such as bio-based or renewable feedstocks. Bio-based IPA, derived from sources like sugarcane or corn, offers a more sustainable and environmentally friendly alternative to traditional petrochemical-based IPA. However, the scalability and cost-effectiveness of bio-based IPA production remain areas of ongoing research and development.

Furthermore, the isopropyl alcohol market is witnessing geographical shifts in production and consumption patterns. While traditionally dominated by regions like North America and Europe, the Asia-Pacific region has emerged as a prominent market for isopropyl alcohol, driven by rapid industrialization, urbanization, and increasing healthcare expenditure. Countries like China, India, and Japan are among the key contributors to the growth of the IPA market in the Asia-Pacific region.

Market Highlights

Author

Chitranshi Jaiswal

Research Analyst Level I

In her 3 years of experience in the market research field, she has handled critical cross-domain projects. She has an in-depth knowledge of market estimation & analysis, problem-solving, primary as well as secondary research, and team management.She holds an engineering degree and is an MBA professional from a well-known university, capable of evaluating the market and competitive conditions. An exceptional strategist with excellent communication skills and a passion for delivering cutting-edge & practical insights for the market. Proficient in multi-tasking, and can successfully deal with competing demands, while maintaining complete confidentiality. Generated business through active client and project development, networking, and high-quality responses. Her knowledge and skills have helped in making solid business decisions, securing funding from investors, and avoiding business failures.

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FAQs

What is the projected market valuation of the Isopropyl Alcohol Market by 2035?

The Isopropyl Alcohol Market is projected to reach a valuation of 8.09 USD Billion by 2035.

What was the market valuation of Isopropyl Alcohol in 2024?

In 2024, the Isopropyl Alcohol Market was valued at 3.78 USD Billion.

What is the expected CAGR for the Isopropyl Alcohol Market during the forecast period 2025 - 2035?

The expected CAGR for the Isopropyl Alcohol Market during the forecast period 2025 - 2035 is 7.16%.

Which production methods are utilized in the Isopropyl Alcohol Market?

The Isopropyl Alcohol Market utilizes two primary production methods: Indirect Hydration and Direct Hydration.

What are the key applications of Isopropyl Alcohol?

Key applications of Isopropyl Alcohol include solvents, cleaning agents, intermediates, disinfectants, and others.

How do the end-use segments of the Isopropyl Alcohol Market break down?

End-use segments of the Isopropyl Alcohol Market include cosmetics & personal care, pharmaceuticals, paints & coatings, chemicals, and others.

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Market Summary

As per MRFR analysis, the Isopropyl Alcohol Market Size was estimated at 3.78 USD Billion in 2024. The Isopropyl Alcohol industry is projected to grow from 4.051 USD Billion in 2025 to 8.09 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 7.16 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Isopropyl Alcohol Market is experiencing robust growth driven by diverse applications and increasing demand across various sectors.

North America remains the largest market for isopropyl alcohol, driven by its extensive use in healthcare and industrial applications. The Asia-Pacific region is emerging as the fastest-growing market, fueled by rising consumer demand and expanding manufacturing capabilities. Indirect hydration continues to dominate the market, while direct hydration is witnessing rapid growth due to evolving production techniques. Key market drivers include the increasing use of isopropyl alcohol in personal care products and a surge in cleaning and disinfecting products.

Isopropyl Alcohol Market

CAGR

7.16%

Market Size & Forecast

2024 Market Size	3.78 (USD Billion)
2035 Market Size	8.09 (USD Billion)
CAGR (2025 - 2035)	7.16%
Largest Regional Market Share in 2024	Asia Pacific

Major Players

BASF SE (DE), ExxonMobil Chemical (US), Dow Inc. (US), Shell Chemicals (GB), LyondellBasell Industries (US), Mitsubishi Gas Chemical Company (JP), SABIC (SA), INEOS (GB), Eastman Chemical Company (US)

Market Trends

The Isopropyl Alcohol Market is currently experiencing notable growth, driven by its diverse applications across various industries. This versatile solvent is utilized in pharmaceuticals, cosmetics, and cleaning products, among others. The increasing demand for sanitization and hygiene products has further propelled its usage, as consumers and businesses alike prioritize cleanliness. Additionally, the rise of e-commerce has facilitated the distribution of isopropyl alcohol, making it more accessible to end-users. As a result, manufacturers are adapting their production strategies to meet the evolving needs of the market, indicating a dynamic landscape. Moreover, sustainability concerns are influencing the Isopropyl Alcohol Market, as stakeholders seek eco-friendly alternatives and production methods. Companies are exploring renewable sources and innovative processes to reduce their environmental impact. This shift towards sustainability may reshape the competitive landscape, as businesses that prioritize green practices could gain a competitive edge. Overall, the Isopropyl Alcohol Market appears poised for continued expansion, with trends suggesting a blend of traditional applications and emerging sustainable practices that could redefine its future.

Rising Demand in Healthcare

The healthcare sector is increasingly relying on isopropyl alcohol for its antiseptic properties. This trend is likely to continue as hospitals and clinics prioritize infection control and patient safety. The versatility of isopropyl alcohol in various formulations enhances its appeal in medical applications.

Sustainability Initiatives

There is a growing emphasis on sustainable practices within the Isopropyl Alcohol Market. Companies are exploring bio-based production methods and eco-friendly alternatives to traditional processes. This shift may attract environmentally conscious consumers and businesses.

E-commerce Growth

The expansion of e-commerce platforms is transforming the distribution channels for isopropyl alcohol. Consumers are increasingly purchasing cleaning and sanitizing products online, which may lead to greater market accessibility and convenience.

The demand for isopropyl alcohol is projected to experience a steady increase, driven by its diverse applications in pharmaceuticals, cosmetics, and industrial sectors, reflecting a broader trend towards the utilization of versatile solvents in various manufacturing processes.

U.S. Environmental Protection Agency

Isopropyl Alcohol Market Market Drivers

Expansion in Industrial Applications

The Isopropyl Alcohol Market is significantly influenced by its expanding applications across various industrial sectors. Industries such as automotive, electronics, and pharmaceuticals utilize isopropyl alcohol for cleaning, degreasing, and as a solvent in manufacturing processes. The increasing complexity of manufacturing processes and the need for high-purity solvents are driving this trend. For instance, in the electronics sector, isopropyl alcohol is essential for cleaning circuit boards and components, ensuring optimal performance. Market data indicates that the industrial segment is expected to witness robust growth, as companies seek efficient and effective cleaning solutions. This expansion in industrial applications is likely to bolster the demand for isopropyl alcohol, further solidifying its position within the Isopropyl Alcohol Market.

Increasing Use in Personal Care Products

The Isopropyl Alcohol Market is experiencing a notable rise in demand due to its incorporation in personal care products. This compound is widely utilized in cosmetics, skincare, and hair care formulations, serving as a solvent and antiseptic. The growing consumer awareness regarding hygiene and personal grooming is propelling manufacturers to include isopropyl alcohol in their products. According to recent data, the personal care segment is projected to account for a substantial share of the market, reflecting a trend towards premiumization and quality in consumer goods. As consumers increasingly prioritize health and wellness, the demand for isopropyl alcohol in this sector is likely to continue its upward trajectory, thereby enhancing the overall growth of the Isopropyl Alcohol Market.

Technological Advancements in Production

The Isopropyl Alcohol Market is witnessing a transformation due to technological advancements in production methods. Innovations in manufacturing processes, such as the development of more efficient catalytic processes, are enhancing the yield and purity of isopropyl alcohol. These advancements not only reduce production costs but also minimize environmental impact, aligning with sustainability goals. Furthermore, the introduction of bio-based isopropyl alcohol is gaining traction, appealing to environmentally conscious consumers and industries. Market data indicates that these technological improvements are likely to drive competitive pricing and increase accessibility, thereby expanding the market reach of isopropyl alcohol. As production technologies continue to evolve, the Isopropyl Alcohol Market is poised for significant growth.

Rising Demand in the Pharmaceutical Sector

The Isopropyl Alcohol Market is significantly bolstered by the increasing demand from the pharmaceutical sector. Isopropyl alcohol is widely used as a disinfectant and antiseptic in hospitals and clinics, contributing to infection control and patient safety. The ongoing advancements in healthcare and the rising prevalence of chronic diseases are driving the need for effective sanitization solutions. Recent statistics suggest that the pharmaceutical segment is projected to grow at a considerable rate, reflecting the heightened focus on hygiene and safety in medical environments. As healthcare providers continue to prioritize cleanliness, the demand for isopropyl alcohol is expected to rise, thereby enhancing its role in the Isopropyl Alcohol Market.

Surge in Cleaning and Disinfecting Products

The Isopropyl Alcohol Market is experiencing a surge in demand for cleaning and disinfecting products. The heightened awareness of cleanliness and hygiene in both residential and commercial spaces is driving consumers to seek effective cleaning solutions. Isopropyl alcohol is a key ingredient in many disinfectants, known for its efficacy against a wide range of pathogens. Recent market analysis suggests that the cleaning products segment is expected to grow substantially, as consumers increasingly prioritize health and safety in their environments. This trend is further supported by the rise of e-commerce platforms, which facilitate the easy availability of isopropyl alcohol-based cleaning products. As the demand for cleaning solutions continues to escalate, the Isopropyl Alcohol Market is likely to benefit from this growing consumer preference.

Market Segment Insights

By Production Method: Indirect Hydration (Largest) vs. Direct Hydration (Fastest-Growing)

In the Isopropyl Alcohol Market, the production methods are primarily categorized into Indirect Hydration and Direct Hydration. The Indirect Hydration method has emerged as the largest segment due to its established processes and efficiency in producing high-purity isopropyl alcohol. Conversely, Direct Hydration is witnessing robust growth, attracting attention for its cost-effectiveness and advancements in technology, which are making it increasingly viable for producers seeking to optimize their operations. The growth trends in the production methods indicate a significant shift towards Direct Hydration. This segment is benefiting from growing environmental concerns and a push for sustainable practices, as it often involves fewer processing steps and lower energy consumption. The ongoing innovations in catalyst development are also propelling the Direct Hydration method as a preferred choice among manufacturers looking to enhance yield while reducing operational costs.

Indirect Hydration (Dominant) vs. Direct Hydration (Emerging)

The Indirect Hydration method of isopropyl alcohol production stands as a dominant force in the market, characterized by its ability to deliver consistently high-purity alcohol through established chemical processes. It often involves the reaction of propylene with sulfuric acid, followed by hydrolysis, ensuring a reliable output for industrial applications. This method is particularly favored in sectors that require stringent purity standards. On the other hand, Direct Hydration, while currently emerging, is gaining traction as a competitive alternative. This method employs direct mixing of water and propylene in the presence of acid <a href="https://www.marketresearchfuture.com/reports/industrial-catalysts-market-5064">catalysts</a>, leading to a more streamlined and energy-efficient process. As industries increasingly prioritize sustainability, the Direct Hydration method is anticipated to expand its footprint, offering manufacturers a cost-effective solution to meet the rising demand for isopropyl alcohol.

By Application: Solvents (Largest) vs. Disinfectants (Fastest-Growing)

In the Isopropyl Alcohol market, the application segment reveals a varied distribution among key categories such as solvents, cleaning agents, intermediates, disinfectants, and others. Solvents hold the largest share due to their extensive use in various industrial processes, highlighting their significance in the market. Following solvents, <a href="https://www.marketresearchfuture.com/reports/disinfectant-chemicals-market-9639">disinfectants</a> have garnered substantial market interest owing to their increasing utilization in healthcare and sanitation practices, particularly following the emphasis on hygiene in recent years.

Solvents (Dominant) vs. Disinfectants (Emerging)

Solvents serve as the dominant application of isopropyl alcohol, primarily used in manufacturing industries, pharmaceuticals, and personal care products for their excellent solvent properties and effectiveness in formulations. This segment benefits from robust demand across various applications, reinforcing its leading market position. On the other hand, disinfectants represent an emerging segment fueled by heightened health awareness and demand for sanitizing products. The accelerated adoption of disinfectants, especially in healthcare settings and consumer products, underscores their rapid growth trajectory, making them a vital area of focus for future market developments.

By End-Use: Cosmetics & Personal Care (Largest) vs. Pharmaceuticals (Fastest-Growing)

In the Isopropyl Alcohol Market, the end-use segments demonstrate varied market share distributions. The Cosmetics & Personal Care segment holds the largest share, driven by increasing consumer demand for skin and personal hygiene products that incorporate isopropyl alcohol for its antiseptic properties. Following this is the Pharmaceuticals segment, which, while smaller in share, has shown significant importance due to the rising need for sanitizers and disinfectants in healthcare settings, particularly during health crises.

Cosmetics & Personal Care (Dominant) vs. Pharmaceuticals (Emerging)

The Cosmetics & Personal Care segment is currently the dominant force in the isopropyl alcohol market, stemming from its widespread application in beauty products, skincare, and personal hygiene items. Its ability to act as a solvent and antiseptic makes it essential for maintaining product stability and enhancing user safety. On the other hand, the Pharmaceuticals segment is emerging rapidly as a crucial player. With increased health awareness and stringent health regulations, the demand for isopropyl alcohol in the production of sanitizers, antiseptics, and medicinal formulations is on the rise, positioning it as a key growth driver in the market.

Get more detailed insights about Isopropyl Alcohol Market Research Report - Forecast till 2035

Regional Insights

North America : Market Leader in Production

North America is the largest market for isopropyl alcohol, holding approximately 40% of the global share. The region's growth is driven by increasing demand in pharmaceuticals, cosmetics, and cleaning products, alongside stringent regulations promoting the use of high-purity isopropyl alcohol. The U.S. is the primary contributor, followed by Canada, as both countries enhance production capabilities to meet rising consumer needs. The competitive landscape in North America is robust, featuring key players such as ExxonMobil Chemical, Dow Inc., and BASF SE. These companies leverage advanced technologies and sustainable practices to maintain their market positions. The presence of established manufacturing facilities and a strong distribution network further solidify North America's dominance in the isopropyl alcohol market. The region's focus on innovation and regulatory compliance continues to drive growth.

Europe : Regulatory-Driven Market Growth

Europe is witnessing significant growth in the isopropyl alcohol market, accounting for approximately 30% of the global share. The region's demand is primarily fueled by stringent environmental regulations and a shift towards sustainable practices in various industries, including pharmaceuticals and personal care. Countries like Germany and France are leading the market, driven by their strong manufacturing bases and commitment to sustainability. The competitive landscape in Europe is characterized by the presence of major players such as BASF SE and INEOS. These companies are investing in innovative production methods to reduce environmental impact while meeting the increasing demand for high-quality isopropyl alcohol. The European market is also supported by regulatory frameworks that encourage the use of eco-friendly solvents, further enhancing growth prospects. The European Chemicals Agency emphasizes the importance of sustainable chemical practices in its regulations.

Asia-Pacific : Emerging Market Potential

Asia-Pacific is rapidly emerging as a significant player in the isopropyl alcohol market, holding around 25% of the global share. The region's growth is driven by increasing industrialization, rising demand from the pharmaceutical and automotive sectors, and expanding consumer markets. Countries like China and India are at the forefront, with substantial investments in manufacturing and infrastructure to support this growth trajectory. The competitive landscape in Asia-Pacific is evolving, with both local and international players vying for market share. Key companies such as Mitsubishi Gas Chemical and SABIC are expanding their operations to cater to the growing demand. The region's focus on enhancing production capabilities and adopting advanced technologies is expected to further boost its market position. As regulatory frameworks become more stringent, companies are also adapting to ensure compliance and sustainability in their operations.

Middle East and Africa : Resource-Rich Market Dynamics

The Middle East and Africa region is gradually developing its isopropyl alcohol market, currently holding about 5% of the global share. The growth is primarily driven by increasing industrial activities, particularly in the oil and gas sector, and a rising demand for cleaning and disinfecting products. Countries like Saudi Arabia and South Africa are leading the market, leveraging their natural resources and expanding manufacturing capabilities to meet local and international demand. The competitive landscape in the Middle East and Africa is characterized by a mix of local and international players. Companies are focusing on establishing production facilities to reduce import dependency and enhance supply chain efficiency. The presence of key players such as LyondellBasell Industries and Eastman Chemical Company is notable, as they invest in the region to tap into its growth potential. As the market matures, regulatory frameworks are expected to evolve, promoting sustainable practices and enhancing product quality.

Key Players and Competitive Insights

The Isopropyl Alcohol Market is currently characterized by a dynamic competitive landscape, driven by increasing demand across various sectors, including pharmaceuticals, cosmetics, and industrial applications. Key players such as BASF SE (Germany), ExxonMobil Chemical (US), and Dow Inc. (US) are strategically positioned to leverage their extensive production capabilities and innovative approaches. BASF SE (Germany) focuses on sustainability and has been investing in green chemistry initiatives, which not only enhance their product offerings but also align with global environmental goals. Meanwhile, ExxonMobil Chemical (US) emphasizes operational efficiency and technological advancements to optimize production processes, thereby maintaining a competitive edge in pricing and supply reliability. Collectively, these strategies contribute to a moderately fragmented market structure, where innovation and operational excellence are pivotal for competitive differentiation.

In terms of business tactics, companies are increasingly localizing manufacturing to reduce lead times and enhance supply chain resilience. This approach is particularly relevant in the context of fluctuating global supply chains. The competitive structure of the Isopropyl Alcohol Market appears to be moderately fragmented, with several key players exerting influence through strategic partnerships and regional expansions. The collective actions of these companies indicate a trend towards optimizing supply chains and enhancing production capabilities to meet rising demand.

In August 2025, Dow Inc. (US) announced the expansion of its isopropyl alcohol production facility in Texas, aimed at increasing output to meet the growing demand from the healthcare sector. This strategic move underscores Dow's commitment to enhancing its production capacity while also addressing the specific needs of a rapidly evolving market. The expansion is expected to bolster Dow's market share and reinforce its position as a leading supplier in the region.

In September 2025, ExxonMobil Chemical (US) launched a new line of isopropyl alcohol products that are designed to meet stringent environmental regulations. This initiative not only reflects the company's dedication to sustainability but also positions it favorably in a market that increasingly values eco-friendly products. By aligning its product offerings with regulatory trends, ExxonMobil is likely to attract a broader customer base, particularly among environmentally conscious consumers.

In July 2025, BASF SE (Germany) entered into a strategic partnership with a leading biotechnology firm to develop bio-based isopropyl alcohol. This collaboration is indicative of a broader trend towards sustainable production methods and could potentially reshape the competitive landscape by introducing innovative, eco-friendly alternatives to traditional isopropyl alcohol. The partnership may enhance BASF's reputation as a leader in sustainable practices, thereby attracting new customers and markets.

As of October 2025, the Isopropyl Alcohol Market is witnessing significant trends such as digitalization, sustainability, and the integration of artificial intelligence in production processes. These trends are reshaping competitive dynamics, with companies increasingly forming strategic alliances to enhance their technological capabilities and market reach. The shift from price-based competition to a focus on innovation, technology, and supply chain reliability is becoming more pronounced. Moving forward, companies that prioritize these aspects are likely to achieve a competitive advantage, as the market continues to evolve in response to changing consumer preferences and regulatory landscapes.

Key Companies in the Isopropyl Alcohol Market market include

Industry Developments

Q1 2024: INEOS appoints new CEO for its Chemicals Division INEOS announced the appointment of a new CEO for its Chemicals Division, which oversees isopropyl alcohol production, as part of its leadership succession plan to drive growth in specialty chemicals.
Q2 2024: ExxonMobil completes expansion of isopropyl alcohol production facility in Baton Rouge ExxonMobil announced the completion of a major capacity expansion at its Baton Rouge facility, increasing isopropyl alcohol output to meet rising demand from pharmaceutical and electronics sectors.
Q2 2024: Shell signs long-term supply agreement for isopropyl alcohol with major Asian electronics manufacturer Shell Chemicals secured a multi-year contract to supply high-purity isopropyl alcohol to a leading electronics manufacturer in Asia, strengthening its position in the specialty solvents market.
Q3 2024: Honeywell launches new high-purity isopropyl alcohol product for semiconductor industry Honeywell introduced a new grade of high-purity isopropyl alcohol designed for advanced semiconductor manufacturing, targeting increased demand for ultra-clean solvents.
Q3 2024: LyondellBasell announces $200 million investment in US isopropyl alcohol plant modernization LyondellBasell revealed plans to invest $200 million to modernize its US isopropyl alcohol production facility, aiming to improve efficiency and reduce carbon emissions.
Q4 2024: Dow secures regulatory approval for new isopropyl alcohol plant in Texas Dow received final regulatory clearance to construct a new isopropyl alcohol manufacturing plant in Texas, expected to boost domestic supply and create 150 new jobs.
Q4 2024: BASF acquires specialty isopropyl alcohol business from regional supplier BASF completed the acquisition of a specialty isopropyl alcohol business from a regional supplier, expanding its portfolio in the pharmaceutical and personal care sectors.
Q1 2025: Greenfield Global opens new isopropyl alcohol production facility in Ontario Greenfield Global inaugurated a new isopropyl alcohol plant in Ontario, Canada, to serve growing demand in North American healthcare and industrial markets.
Q1 2025: ExxonMobil signs supply contract with US government for emergency isopropyl alcohol reserves ExxonMobil entered into a contract with the US government to supply isopropyl alcohol for national emergency reserves, ensuring critical supply for healthcare and sanitation.
Q2 2025: ENEOS Holdings announces partnership with Japanese pharma giant for isopropyl alcohol innovation ENEOS Holdings formed a strategic partnership with a leading Japanese pharmaceutical company to co-develop next-generation isopropyl alcohol formulations for medical applications.
Q2 2025: Shell to build Asia’s largest isopropyl alcohol plant in Singapore Shell announced plans to construct the largest isopropyl alcohol production facility in Asia, located in Singapore, to meet surging regional demand in electronics and healthcare.
Q3 2025: Dow launches bio-based isopropyl alcohol product line Dow introduced a new line of bio-based isopropyl alcohol products, targeting customers seeking sustainable alternatives in the pharmaceutical and personal care industries.

Future Outlook

Isopropyl Alcohol Market Future Outlook

The Isopropyl Alcohol Market is projected to grow at a 7.16% CAGR from 2024 to 2035, driven by increasing demand in pharmaceuticals, cosmetics, and industrial applications.

New opportunities lie in:

Expansion into eco-friendly isopropyl alcohol production methods.Development of customized formulations for specific industrial applications.Investment in automated dispensing solutions for healthcare facilities.

By 2035, the Isopropyl Alcohol Market is expected to achieve robust growth, solidifying its position as a key player in various industries.

Market Segmentation

Isopropyl Alcohol Market End-Use Outlook

Cosmetics & Personal Care
Pharmaceuticals
Paints & Coatings
Chemicals
Others

Isopropyl Alcohol Market Application Outlook

Solvents
Cleaning Agent
Intermediate
Disinfectants
Others

Isopropyl Alcohol Market Production Method Outlook

Indirect Hydration
Direct Hydration

Report Scope

MARKET SIZE 2024	3.78(USD Billion)
MARKET SIZE 2025	4.051(USD Billion)
MARKET SIZE 2035	8.09(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	7.16% (2024 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
Market Forecast Period	2025 - 2035
Historical Data	2019 - 2024
Market Forecast Units	USD Billion
Key Companies Profiled	Market analysis in progress
Segments Covered	Market segmentation analysis in progress
Key Market Opportunities	Growing demand for eco-friendly solvents in various industries enhances opportunities in the Isopropyl Alcohol Market.
Key Market Dynamics	Rising demand for isopropyl alcohol in healthcare and cleaning sectors drives market growth and innovation.
Countries Covered	North America, Europe, APAC, South America, MEA

Market Highlights

Author

Chitranshi Jaiswal

Research Analyst Level I

She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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FAQs

What is the projected market valuation of the Isopropyl Alcohol Market by 2035?

The Isopropyl Alcohol Market is projected to reach a valuation of 8.09 USD Billion by 2035.

What was the market valuation of Isopropyl Alcohol in 2024?

In 2024, the Isopropyl Alcohol Market was valued at 3.78 USD Billion.

What is the expected CAGR for the Isopropyl Alcohol Market during the forecast period 2025 - 2035?

The expected CAGR for the Isopropyl Alcohol Market during the forecast period 2025 - 2035 is 7.16%.

Which production methods are utilized in the Isopropyl Alcohol Market?

The Isopropyl Alcohol Market utilizes two primary production methods: Indirect Hydration and Direct Hydration.

What are the key applications of Isopropyl Alcohol?

Key applications of Isopropyl Alcohol include solvents, cleaning agents, intermediates, disinfectants, and others.

How do the end-use segments of the Isopropyl Alcohol Market break down?

End-use segments of the Isopropyl Alcohol Market include cosmetics & personal care, pharmaceuticals, paints & coatings, chemicals, and others.

Executive Summary
Market Introduction
1. Market Definition
2. Scope of the Study
3. List of Assumptions
4. Markets Structure
Market Research Methodology
1. Research Process
2. Primary Research
3. Secondary Research
4. Market Size Estimation
5. Forecast Model
Market Dynamics of the Global Isopropyl Alcohol Market
1. Introduction
2. Drivers
3. Restraints
4. Opportunities
5. Challenges
6. Trends/Technology
Market Factor Analysis of the Global Isopropyl Alcohol Market
1. Supply Chain Analysis
  1. Raw Production Method Suppliers
  2. Manufacturers/Producers
  3. Distributors/Retailers/Wholesalers/E-Commerce
  4. End Users
2. Porter’s Five Forces Analysis
  1. Threat of New Entrants
  2. Bargaining Power of Buyers
  3. Bargaining Power of Suppliers
  4. Threat of Substitutes
  5. Intensity of Competitive Rivalry
Global Isopropyl Alcohol Market, by Production Method
1. Introduction
2. Indirect Hydration
  1. Market Estimates & Forecast, 2023−2030
  2. Market Estimates & Forecast, by Region, 2023−2030
3. Direct Hydration
  1. Market Estimates & Forecast, 2023−2030
  2. Market Estimates & Forecast, by Region, 2023−2030
Global Isopropyl Alcohol Market, by Application
1. Introduction
2. Solvents
  1. Market Estimates & Forecast, 2023−2030
  2. Market Estimates & Forecast, by Region, 2023−2030
3. Cleaning Agent
  1. Market Estimates & Forecast, 2023−2030
  2. Market Estimates & Forecast, by Region, 2023−2030
4. Intermediate
  1. Market Estimates & Forecast, 2023−2030
  2. Market Estimates & Forecast, by Region, 2023−2030
5. Disinfectants
  1. Market Estimates & Forecast, 2023−2030
  2. Market Estimates & Forecast, by Region, 2023−2030
6. Others
  1. Market Estimates & Forecast, 2023−2030
  2. Market Estimates & Forecast, by Region, 2023−2030
Global Isopropyl Alcohol Market, by End-Use Industry
1. Introduction
2. Cosmetics & Personal Care
  1. Market Estimates & Forecast, 2023−2030
  2. Market Estimates & Forecast, by Region, 2023−2030
3. Pharmaceuticals
  1. Market Estimates & Forecast, 2023−2030
  2. Market Estimates & Forecast, by Region, 2023−2030
4. Paints & Coatings
  1. Market Estimates & Forecast, 2023−2030
  2. Market Estimates & Forecast, by Region, 2023−2030
5. Chemicals
  1. Market Estimates & Forecast, 2023−2030
  2. Market Estimates & Forecast, by Region, 2023−2030
6. Others
  1. Market Estimates & Forecast, 2023−2030
  2. Market Estimates & Forecast, by Region, 2023−2030
Global Isopropyl Alcohol Market, by Region
1. Introduction
2. North America
  1. Market Estimates & Forecast, 2023−2030
  2. Market Estimates & Forecast, by Production Method, 2023−2030
  3. Market Estimates & Forecast, by Application, 2023−2030
  4. Market Estimates & Forecast, by End-Use Industry, 2023−2030
  5. US
  6. Canada
3. Europe
  1. Market Estimates & Forecast, 2023−2030
  2. Market Estimates & Forecast, by Production Method, 2023−2030
  3. Market Estimates & Forecast, by Application, 2023−2030
  4. Market Estimates & Forecast, by End-Use Industry, 2023−2030
  5. Germany
  6. France
  7. Italy
  8. Spain
  9. UK
  10. Russia
  11. Poland
  12. Rest of Europe
4. Asia-Pacific
  1. Market Estimates & Forecast, 2023−2030
  2. Market Estimates & Forecast, by Production Method, 2023−2030
  3. Market Estimates & Forecast, by Application, 2023−2030
  4. Market Estimates & Forecast, by End-Use Industry, 2023−2030
  5. China
  6. India
  7. Japan
  8. Australia & New Zealand
  9. Rest of Asia-Pacific
5. Middle East & Africa
  1. Market Estimates & Forecast, 2023−2030
  2. Market Estimates & Forecast, by Production Method, 2023−2030
  3. Market Estimates & Forecast, by Application, 2023−2030
  4. Market Estimates & Forecast, by End-Use Industry, 2023−2030
  5. GCC
  6. Israel
  7. North Africa
  8. Turkey
  9. Rest of Middle East & Africa
6. Latin America
  1. Market Estimates & Forecast, 2023−2030
  2. Market Estimates & Forecast, by Production Method, 2023−2030
  3. Market Estimates & Forecast, by Application, 2023−2030
  4. Market Estimates & Forecast, by End-Use Industry, 2023−2030
  5. Brazil
  6. Mexico
  7. Argentina
  8. Rest of Latin America
Company Landscape
1. Introduction
2. Market Strategies
3. Key Development Analysis
4. (Expansion/Merger & Acquisition/Joint Venture/New Product Development/Agreement/Investment)
Company Profiles
1. Exxon Mobil Corporation
  1. Company Overview
  2. Financial Updates
  3. Product/Business Segment Overview
  4. Key Strategies
  5. Key Developments
  6. SWOT Analysis
2. Royal Dutch Shell Plc
  1. Company Overview
  2. Financial Updates
  3. Product/Business Segment Overview
  4. Key Strategies
  5. Key Developments
  6. SWOT Analysis
3. The Dow Chemical Company
  1. Company Overview
  2. Financial Updates
  3. Product/Business Segment Overview
  4. Key Strategies
  5. Key Developments
  6. SWOT Analysis
4. China Petroleum & Chemical Corporation
  1. Company Overview
  2. Financial Updates
  3. Product/Business Segment Overview
  4. Key Strategies
  5. Key Developments
  6. SWOT Analysis
5. Mitsubishi Chemical Corporation
  1. Company Overview
  2. Financial Updates
  3. Product/Business Segment Overview
  4. Key Strategies
  5. Key Developments
  6. SWOT Analysis
6. Tokuyama Corporation
  1. Company Overview
  2. Financial Updates
  3. Product/Business Segment Overview
  4. Key Strategies
  5. Key Developments
  6. SWOT Analysis
7. LG Chem
  1. Company Overview
  2. Financial Updates
  3. Product/Business Segment Overview
  4. Key Strategies
  5. Key Developments
  6. SWOT Analysis
8. Jiangsu Denoir Technology Co. Ltd
  1. Company Overview
  2. Financial Updates
  3. Product/Business Segment Overview
  4. Key Strategies
  5. Key Developments
  6. SWOT Analysis
9. Carboclor SA
  1. Company Overview
  2. Financial Updates
  3. Product/Business Segment Overview
  4. Key Strategies
  5. Key Developments
  6. SWOT Analysis
10. INEOS Enterprises
  1. Company Overview
  2. Financial Updates
  3. Product/Business Segment Overview
  4. Key Strategies
  5. Key Developments
  6. SWOT Analysis
11. Avantor, Inc
  1. Company Overview
  2. Financial Updates
  3. Product/Business Segment Overview
  4. Key Strategies
  5. Key Developments
  6. SWOT Analysis
Conclusion
LIST OF TABLES
Global Isopropyl Alcohol Market, by Region, 2023−2030
North America: Isopropyl Alcohol Market, by Country, 2023−2030
Europe: Isopropyl Alcohol Market, by Country, 2023−2030
Asia-Pacific: Isopropyl Alcohol Market, by Country, 2023−2030
Middle East & Africa: Isopropyl Alcohol Market, by Country, 2023−2030
Latin America: Isopropyl Alcohol Market, by Country, 2023−2030
Global Isopropyl Alcohol Production Method Market, by Regions, 2023−2030
North America: Isopropyl Alcohol Production Method Market, by Country, 2023−2030
Europe: Isopropyl Alcohol Production Method Market, by Country, 2023−2030
Table10 Asia-Pacific: Isopropyl Alcohol Production Method Market, by Country, 2023−2030
Table11 Middle East & Africa: Isopropyl Alcohol Production Method Market, by Country, 2023−2030
Table12 Latin America: Isopropyl Alcohol Production Method Market, by Country, 2023−2030
Table13 Global Isopropyl Alcohol Application Market, by Regions, 2023−2030
Table14 North America: Isopropyl Alcohol by Application Market, by Country, 2023−2030
Table15 Europe: Isopropyl Alcohol Application Market, by Country, 2023−2030
Table16 Asia-Pacific: Isopropyl Alcohol Application Market, by Country, 2023−2030
Table17 Middle East & Africa: Isopropyl Alcohol Application Market, by Country, 2023−2030
Table18 Latin America: Isopropyl Alcohol Application Market, by Country, 2023−2030
Table19 Global Isopropyl Alcohol End-Use Industry Market, by Regions, 2023−2030
Table20 North America: Isopropyl Alcohol End-Use Industry Market, by Country, 2023−2030
Table21 Europe: Isopropyl Alcohol End-Use Industry Market, by Country, 2023−2030
Table22 Asia-Pacific: Isopropyl Alcohol End-Use Industry Market, by Country, 2023−2030
Table23 Middle East & Africa: Isopropyl Alcohol End-Use Industry Market, by Country, 2023−2030
Table24 Latin America: Isopropyl Alcohol End-Use Industry Market, by Country, 2023−2030
Table25 Global Production Method Market, by Region, 2023−2030
Table26 Global Application Market, by Region, 2023−2030
Table27 Global End-Use Industry Market, by Region, 2023−2030
Table28 North America: Isopropyl Alcohol Market, by Country
Table29 North America: Isopropyl Alcohol Market, by Production Method
Table30 North America: Isopropyl Alcohol Market, by Application
Table31 North America: Isopropyl Alcohol Market, by End-Use Industry
Table32 Europe: Isopropyl Alcohol Market, by Country
Table33 Europe: Isopropyl Alcohol Market, by Production Method
Table34 Europe: Isopropyl Alcohol Market, by Application
Table35 Europe: Isopropyl Alcohol Market, by End-Use Industry
Table36 Asia-Pacific: Isopropyl Alcohol Market, by Country
Table37 Asia-Pacific: Isopropyl Alcohol Market, by Production Method
Table38 Asia-Pacific: Isopropyl Alcohol Market, by Application
Table39 Asia-Pacific: Isopropyl Alcohol Market, by End-Use Industry
Table40 Middle East & Africa: Isopropyl Alcohol Market, by Country
Table41 Middle East & Africa: Isopropyl Alcohol Market, by Production Method
Table42 Middle East & Africa: Isopropyl Alcohol Market, by Application
Table43 Middle East & Africa: Isopropyl Alcohol Market, by End-Use Industry
Table44 Latin America: Isopropyl Alcohol Market, by Country
Table45 Latin America: Isopropyl Alcohol Market, by Production Method
Table46 Latin America: Isopropyl Alcohol Market, by Application
Table47 Latin America: Isopropyl Alcohol Market, by End-Use Industry
LIST OF FIGURES
Global Isopropyl Alcohol Market Segmentation
Forecast Research Methodology
Five Forces Analysis of the Global Isopropyl Alcohol Market
Value Chain of the Global Isopropyl Alcohol Market
Share of the Global Isopropyl Alcohol Market in 2023, by Country (%)
Global Isopropyl Alcohol Market, 2023−2030
Global Isopropyl Alcohol Market Size, by Production Method, 2023
Share of the Global Isopropyl Alcohol Market, by Production Method, 2023−2030
Global Isopropyl Alcohol Market Size, by Application, 2023
Share of the Global Isopropyl Alcohol Market, by Application, 2023−2030
Global Isopropyl Alcohol Market Size, by End-Use Industry, 2023
Share of the Global Isopropyl Alcohol Market, by End-Use Industry, 2023−2030

Isopropyl Alcohol Market Segmentation

Market Segmentation Overview

Detailed segmentation data will be available in the full report
Comprehensive analysis by multiple parameters
Regional and country-level breakdowns
Market size forecasts by segment

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Customer Strories

“I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

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Case Study

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Isopropyl Alcohol Market Trends

Purchase Options

Market Trends

Key Emerging Trends in the Isopropyl Alcohol Market

Market Highlights

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FAQs

Market Summary

Key Market Trends & Highlights

Market Size & Forecast

Major Players

Market Trends

Rising Demand in Healthcare

Sustainability Initiatives

E-commerce Growth

U.S. Environmental Protection Agency

Isopropyl Alcohol Market Market Drivers

Expansion in Industrial Applications

Increasing Use in Personal Care Products

Technological Advancements in Production

Rising Demand in the Pharmaceutical Sector

Surge in Cleaning and Disinfecting Products

Market Segment Insights

By Production Method: Indirect Hydration (Largest) vs. Direct Hydration (Fastest-Growing)

By Application: Solvents (Largest) vs. Disinfectants (Fastest-Growing)

By End-Use: Cosmetics & Personal Care (Largest) vs. Pharmaceuticals (Fastest-Growing)

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Regional Insights

North America : Market Leader in Production

Europe : Regulatory-Driven Market Growth

Asia-Pacific : Emerging Market Potential

Middle East and Africa : Resource-Rich Market Dynamics

Key Players and Competitive Insights

Key Companies in the Isopropyl Alcohol Market market include

Industry Developments

Future Outlook

Isopropyl Alcohol Market Future Outlook

Market Segmentation

Isopropyl Alcohol Market End-Use Outlook

Isopropyl Alcohol Market Application Outlook

Isopropyl Alcohol Market Production Method Outlook

Report Scope

Market Highlights

Author

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Isopropyl Alcohol Market Segmentation

Market Segmentation Overview

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Victoria Milne

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