Product Code: ETC13146373 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Isopropyl Alcohol Market was valued at USD 3.6 Billion in 2024 and is expected to reach USD 4.9 Billion by 2031, growing at a compound annual growth rate of 4.60% during the forecast period (2025-2031).
The Global Isopropyl Alcohol Market is experiencing steady growth driven by its widespread use in various industries such as pharmaceuticals, cosmetics, and automotive. The market is primarily fueled by the increasing demand for disinfectants and sanitizers due to the COVID-19 pandemic, as isopropyl alcohol is a key ingredient in these products. Additionally, the expanding healthcare sector, coupled with the rising awareness regarding the importance of hygiene, is further boosting market growth. Asia-Pacific is a key region contributing to market expansion, supported by the presence of a large pharmaceutical and manufacturing sector. However, concerns regarding the volatility in raw material prices and environmental regulations surrounding isopropyl alcohol production are potential challenges that may impact market growth in the coming years.
The Global Isopropyl Alcohol (IPA) Market is witnessing significant growth due to the increasing demand from various end-use industries such as pharmaceuticals, cosmetics, and electronics. The COVID-19 pandemic has further fueled the demand for IPA as a key ingredient in hand sanitizers and disinfectants. Additionally, the growing awareness about the importance of maintaining proper hygiene practices is driving the market expansion. Opportunities in the market include the development of eco-friendly production processes to meet the increasing sustainability demands and the exploration of new applications in the healthcare sector. The market is also witnessing a trend towards strategic partnerships and collaborations among key players to enhance their market presence and expand their product offerings. Overall, the Global Isopropyl Alcohol Market is poised for continued growth and innovation in the coming years.
The Global Isopropyl Alcohol Market faces challenges such as fluctuating raw material prices, increasing regulatory scrutiny on the production and use of isopropyl alcohol due to environmental concerns, and growing competition from alternative solvents. Additionally, the market is susceptible to supply chain disruptions and geopolitical tensions that can impact the availability and pricing of isopropyl alcohol. Manufacturers also need to navigate changing consumer preferences towards more sustainable and eco-friendly products, which may require investments in research and development to develop greener production methods. Overall, the Global Isopropyl Alcohol Market must address these challenges to ensure sustained growth and competitiveness in the industry.
The Global Isopropyl Alcohol Market is primarily driven by its diverse range of applications across various industries such as pharmaceuticals, cosmetics, and cleaning products. The increasing demand for isopropyl alcohol as a solvent in the pharmaceutical industry for drug manufacturing and as an antiseptic in the healthcare sector is a key driver of market growth. Additionally, the rising awareness regarding the importance of maintaining hygiene and cleanliness, especially in light of the COVID-19 pandemic, has boosted the demand for isopropyl alcohol-based sanitizers and disinfectants. Furthermore, the expanding use of isopropyl alcohol in the electronics industry for cleaning electronic components and circuit boards is also contributing to market growth. Overall, the market is expected to continue expanding due to the versatile properties of isopropyl alcohol and its wide-ranging applications.
Government policies related to the Global Isopropyl Alcohol Market vary by country, but generally focus on regulations aimed at ensuring product quality, safety, and environmental protection. Regulatory bodies such as the FDA in the United States and the European Chemicals Agency in Europe set standards for the production, labeling, and distribution of isopropyl alcohol. These policies often include requirements for proper handling, storage, and disposal of the chemical to minimize health and environmental risks. Additionally, governments may impose tariffs or trade restrictions on isopropyl alcohol imports to protect domestic producers. Overall, government policies play a crucial role in shaping the isopropyl alcohol market by promoting compliance with safety standards and facilitating fair competition among manufacturers.
The Global Isopropyl Alcohol Market is expected to witness steady growth in the coming years, driven by increasing demand from various end-use industries such as pharmaceuticals, cosmetics, and cleaning products. The market is likely to be influenced by factors such as the growing awareness regarding hygiene and sanitation, as well as the rise in disposable incomes leading to higher spending on personal care products. Additionally, the use of isopropyl alcohol as a key ingredient in hand sanitizers and disinfectants is anticipated to further boost market growth. However, fluctuating raw material prices and environmental concerns related to the production and disposal of isopropyl alcohol may pose challenges to market expansion. Overall, the market is poised for expansion, supported by the increasing adoption of isopropyl alcohol in various applications globally.
In the global isopropyl alcohol market, Asia is expected to dominate due to the presence of key manufacturing hubs in China, Japan, and India. North America is also a significant market, driven by the pharmaceutical and healthcare industries. Europe is witnessing steady growth owing to the expanding cosmetic and personal care sectors. The Middle East and Africa region is projected to experience moderate growth, supported by the growing chemical and automotive industries. Latin America is anticipated to show promising growth opportunities due to the increasing demand from the pharmaceutical and cosmetic sectors. Overall, the global isopropyl alcohol market is forecasted to witness steady growth across all regions due to its wide-ranging applications in various industries.
Global Isopropyl Alcohol Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Isopropyl Alcohol Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Isopropyl Alcohol Market Revenues & Volume, 2021 & 2031F |
3.3 Global Isopropyl Alcohol Market - Industry Life Cycle |
3.4 Global Isopropyl Alcohol Market - Porter's Five Forces |
3.5 Global Isopropyl Alcohol Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Isopropyl Alcohol Market Revenues & Volume Share, By Production Method, 2021 & 2031F |
3.7 Global Isopropyl Alcohol Market Revenues & Volume Share, By Raw Material, 2021 & 2031F |
3.8 Global Isopropyl Alcohol Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.9 Global Isopropyl Alcohol Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.10 Global Isopropyl Alcohol Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Isopropyl Alcohol Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Isopropyl Alcohol Market Trends |
6 Global Isopropyl Alcohol Market, 2021 - 2031 |
6.1 Global Isopropyl Alcohol Market, Revenues & Volume, By Production Method, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Isopropyl Alcohol Market, Revenues & Volume, By Indirect Hydration, 2021 - 2031 |
6.1.3 Global Isopropyl Alcohol Market, Revenues & Volume, By Direct Hydration, 2021 - 2031 |
6.2 Global Isopropyl Alcohol Market, Revenues & Volume, By Raw Material, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Isopropyl Alcohol Market, Revenues & Volume, By Acetone, 2021 - 2031 |
6.2.3 Global Isopropyl Alcohol Market, Revenues & Volume, By Propylene, 2021 - 2031 |
6.2.4 Global Isopropyl Alcohol Market, Revenues & Volume, By Others, 2021 - 2031 |
6.3 Global Isopropyl Alcohol Market, Revenues & Volume, By Grade, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Isopropyl Alcohol Market, Revenues & Volume, By Industrial Grade Isopropyl Alcohol (IPA), 2021 - 2031 |
6.3.3 Global Isopropyl Alcohol Market, Revenues & Volume, By USP Grade Isopropyl Alcohol (IPA), 2021 - 2031 |
6.3.4 Global Isopropyl Alcohol Market, Revenues & Volume, By USP Kosher Isopropyl Alcohol (IPA), 2021 - 2031 |
6.3.5 Global Isopropyl Alcohol Market, Revenues & Volume, By Pharmaceutical Isopropyl Alcohol (IPA), 2021 - 2031 |
6.4 Global Isopropyl Alcohol Market, Revenues & Volume, By Type, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Isopropyl Alcohol Market, Revenues & Volume, By Isopropanol 99.8%, 2021 - 2031 |
6.4.3 Global Isopropyl Alcohol Market, Revenues & Volume, By Isopropanol 99% USP, 2021 - 2031 |
6.4.4 Global Isopropyl Alcohol Market, Revenues & Volume, By Isopropanol 70%, 2021 - 2031 |
6.4.5 Global Isopropyl Alcohol Market, Revenues & Volume, By Isopropanol 70% USP, 2021 - 2031 |
6.4.6 Global Isopropyl Alcohol Market, Revenues & Volume, By Others, 2021 - 2031 |
6.5 Global Isopropyl Alcohol Market, Revenues & Volume, By Application, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global Isopropyl Alcohol Market, Revenues & Volume, By Chemical Manufacturing, 2021 - 2031 |
6.5.3 Global Isopropyl Alcohol Market, Revenues & Volume, By Household and Industrial Cleaning, 2021 - 2031 |
6.5.4 Global Isopropyl Alcohol Market, Revenues & Volume, By Pharmaceuticals, 2021 - 2031 |
6.5.5 Global Isopropyl Alcohol Market, Revenues & Volume, By Personal Care, 2021 - 2031 |
6.5.6 Global Isopropyl Alcohol Market, Revenues & Volume, By Transportation, 2021 - 2031 |
6.5.7 Global Isopropyl Alcohol Market, Revenues & Volume, By Others, 2021 - 2031 |
7 North America Isopropyl Alcohol Market, Overview & Analysis |
7.1 North America Isopropyl Alcohol Market Revenues & Volume, 2021 - 2031 |
7.2 North America Isopropyl Alcohol Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Isopropyl Alcohol Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Isopropyl Alcohol Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Isopropyl Alcohol Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Isopropyl Alcohol Market, Revenues & Volume, By Production Method, 2021 - 2031 |
7.4 North America Isopropyl Alcohol Market, Revenues & Volume, By Raw Material, 2021 - 2031 |
7.5 North America Isopropyl Alcohol Market, Revenues & Volume, By Grade, 2021 - 2031 |
7.6 North America Isopropyl Alcohol Market, Revenues & Volume, By Type, 2021 - 2031 |
7.7 North America Isopropyl Alcohol Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Isopropyl Alcohol Market, Overview & Analysis |
8.1 Latin America (LATAM) Isopropyl Alcohol Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Isopropyl Alcohol Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Isopropyl Alcohol Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Isopropyl Alcohol Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Isopropyl Alcohol Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Isopropyl Alcohol Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Isopropyl Alcohol Market, Revenues & Volume, By Production Method, 2021 - 2031 |
8.4 Latin America (LATAM) Isopropyl Alcohol Market, Revenues & Volume, By Raw Material, 2021 - 2031 |
8.5 Latin America (LATAM) Isopropyl Alcohol Market, Revenues & Volume, By Grade, 2021 - 2031 |
8.6 Latin America (LATAM) Isopropyl Alcohol Market, Revenues & Volume, By Type, 2021 - 2031 |
8.7 Latin America (LATAM) Isopropyl Alcohol Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Isopropyl Alcohol Market, Overview & Analysis |
9.1 Asia Isopropyl Alcohol Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Isopropyl Alcohol Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Isopropyl Alcohol Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Isopropyl Alcohol Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Isopropyl Alcohol Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Isopropyl Alcohol Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Isopropyl Alcohol Market, Revenues & Volume, By Production Method, 2021 - 2031 |
9.4 Asia Isopropyl Alcohol Market, Revenues & Volume, By Raw Material, 2021 - 2031 |
9.5 Asia Isopropyl Alcohol Market, Revenues & Volume, By Grade, 2021 - 2031 |
9.6 Asia Isopropyl Alcohol Market, Revenues & Volume, By Type, 2021 - 2031 |
9.7 Asia Isopropyl Alcohol Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Isopropyl Alcohol Market, Overview & Analysis |
10.1 Africa Isopropyl Alcohol Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Isopropyl Alcohol Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Isopropyl Alcohol Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Isopropyl Alcohol Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Isopropyl Alcohol Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Isopropyl Alcohol Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Isopropyl Alcohol Market, Revenues & Volume, By Production Method, 2021 - 2031 |
10.4 Africa Isopropyl Alcohol Market, Revenues & Volume, By Raw Material, 2021 - 2031 |
10.5 Africa Isopropyl Alcohol Market, Revenues & Volume, By Grade, 2021 - 2031 |
10.6 Africa Isopropyl Alcohol Market, Revenues & Volume, By Type, 2021 - 2031 |
10.7 Africa Isopropyl Alcohol Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Isopropyl Alcohol Market, Overview & Analysis |
11.1 Europe Isopropyl Alcohol Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Isopropyl Alcohol Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Isopropyl Alcohol Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Isopropyl Alcohol Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Isopropyl Alcohol Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Isopropyl Alcohol Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Isopropyl Alcohol Market, Revenues & Volume, By Production Method, 2021 - 2031 |
11.4 Europe Isopropyl Alcohol Market, Revenues & Volume, By Raw Material, 2021 - 2031 |
11.5 Europe Isopropyl Alcohol Market, Revenues & Volume, By Grade, 2021 - 2031 |
11.6 Europe Isopropyl Alcohol Market, Revenues & Volume, By Type, 2021 - 2031 |
11.7 Europe Isopropyl Alcohol Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Isopropyl Alcohol Market, Overview & Analysis |
12.1 Middle East Isopropyl Alcohol Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Isopropyl Alcohol Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Isopropyl Alcohol Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Isopropyl Alcohol Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Isopropyl Alcohol Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Isopropyl Alcohol Market, Revenues & Volume, By Production Method, 2021 - 2031 |
12.4 Middle East Isopropyl Alcohol Market, Revenues & Volume, By Raw Material, 2021 - 2031 |
12.5 Middle East Isopropyl Alcohol Market, Revenues & Volume, By Grade, 2021 - 2031 |
12.6 Middle East Isopropyl Alcohol Market, Revenues & Volume, By Type, 2021 - 2031 |
12.7 Middle East Isopropyl Alcohol Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Isopropyl Alcohol Market Key Performance Indicators |
14 Global Isopropyl Alcohol Market - Export/Import By Countries Assessment |
15 Global Isopropyl Alcohol Market - Opportunity Assessment |
15.1 Global Isopropyl Alcohol Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Isopropyl Alcohol Market Opportunity Assessment, By Production Method, 2021 & 2031F |
15.3 Global Isopropyl Alcohol Market Opportunity Assessment, By Raw Material, 2021 & 2031F |
15.4 Global Isopropyl Alcohol Market Opportunity Assessment, By Grade, 2021 & 2031F |
15.5 Global Isopropyl Alcohol Market Opportunity Assessment, By Type, 2021 & 2031F |
15.6 Global Isopropyl Alcohol Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Isopropyl Alcohol Market - Competitive Landscape |
16.1 Global Isopropyl Alcohol Market Revenue Share, By Companies, 2024 |
16.2 Global Isopropyl Alcohol Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |