How Big Is the Isopropyl Alcohol Market | Growth, Size & Insights 2031

Q: What is the market size of the isopropyl alcohol market in 2025 and 2031?

The isopropyl alcohol market was expected to be valued at approximately USD 3.1 billion in 2025 and projected to reach around USD 5.4 billion by 2031.

Q: What is the CAGR of the isopropyl alcohol market between 2025 and 2031?

The isopropyl alcohol market is projected to expand at a CAGR of 6.3% over the forecast period.

Q: What are the key trends in the isopropyl alcohol market?

Key trends include increasing demand for pharmaceutical-grade IPA, bio-based production, and sustainable cleaning solutions across industries.

Q: What are the main drivers of the isopropyl alcohol market?

The isopropyl alcohol market is driven by growing demand in sanitization, pharmaceuticals, industrial solvents, and advancements in chemical processing technologies.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA7039

Publication Date: Aug 2025

What is the Isopropyl alcohol Market Size?

According to 6Wresearch internal database and industry insights, the Global Isopropyl Alcohol Market was valued at USD 3.1 billion in 2024 and is anticipated to exceed USD 5.4 billion by 2031, registering a steady CAGR of 6.3% during the forecast period.

The market is robustly expanding by increasing demand for disinfectants and sanitizers, pharmaceutical applications, and the rising use of IPA in industrial solvents and chemical manufacturing. Moreover, ongoing developments in personal care, electronics cleaning, and healthcare-related formulations are boosting market growth globally.

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Major Growth Factors of the Isopropyl Alcohol Market

Increasing demand for disinfectants and sanitizing products
Expanding pharmaceutical and healthcare applications
Rising industrial demand for solvents
Growth of personal care and cosmetics industry
Increasing use in electronics and semiconductor cleaning
Growing adoption in chemical intermediate production
Regulatory focus on hygiene and sanitation
Cost-effectiveness and broad utility of IPA

Isopropyl Alcohol Market Trends

The isopropyl alcohol market is witnessing a shift toward sustainable and high-purity IPA solutions, especially for applications in pharmaceuticals and semiconductors. With the global emphasis on hygiene post-pandemic, IPA continues to be a key component in sanitizers and cleaning agents. There's also rising interest in bio-based production routes to meet environmental and regulatory standards.

Emerging Developments in the Isopropyl Alcohol Market

The isopropyl alcohol market is evolving with developments in bio-based isopropyl alcohol derived from renewable sources. Companies are investing in expanding production capacity and optimizing purification technologies for ultra-pure IPA used in electronics and medical applications. Collaborations between chemical companies and pharma manufacturers are further enhancing IPA supply chain efficiency.