| Study Period | 2019 - 2030 |
| Market Size (2025) | USD 3.32 Billion |
| Market Size (2030) | USD 4.15 Billion |
| CAGR (2025 - 2030) | 4.54 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Isopropyl Alcohol (IPA) Market Analysis
The Isopropyl Alcohol Market size is estimated at USD 3.32 billion in 2025, and is expected to reach USD 4.15 billion by 2030, at a CAGR of 4.54% during the forecast period (2025-2030).
The isopropyl alcohol industry is experiencing significant transformation driven by technological advancements and shifting industrial demands. Major manufacturers are expanding their production capabilities through strategic investments and facility upgrades. For instance, in June 2023, ExxonMobil announced plans for USD 264 million worth of projects at Baton Rouge, including a new unit for high-grade isopropyl alcohol specifically targeting microchip manufacturing. Additionally, GAIL (India) Limited revealed plans to establish its inaugural specialty chemical commodity plant in Usar, Maharashtra, with a capacity of 50,000 tonnes of isopropyl alcohol, demonstrating the industry's commitment to meeting growing demand.
The semiconductor industry's robust growth is significantly influencing the IPA market dynamics, as high-purity IPA is essential for cleaning and etching processes in semiconductor manufacturing. According to the Semiconductor Industry Association's February 2024 announcement, the global semiconductor market is projected to increase by 13.1% in 2024, indicating strong potential demand for high-grade isopropyl alcohol. This growth is further supported by strategic collaborations, such as the joint venture between SK Geo Centric and Tokuyama to produce high-purity isopropanol specifically for the semiconductor industry, with an annual production capacity of 30,000 tons.
The coatings sector represents another significant market influence, with manufacturers expanding their production capabilities globally. China's coatings production reached 35,772 million tons in 2023, marking a 4.5% increase from the previous year, while exports surged by 19.6% to 262,000 tons. This growth in the coatings industry is driving demand for isopropanol as a crucial solvent and cleaning agent. Major coating manufacturers are increasingly focusing on sustainable and high-performance products, necessitating higher quality isopropyl alcohol in their formulations.
The market is witnessing a notable shift toward sustainable and bio-based alternatives, with manufacturers investing in research and development of environmentally friendly production methods. This trend is particularly evident in developed markets where environmental regulations are becoming increasingly stringent. The industrial chemical industry is also experiencing significant consolidation through mergers and acquisitions, as companies seek to strengthen their market position and expand their geographical presence. These strategic moves are reshaping the competitive landscape and driving innovation in product development and manufacturing processes.
Isopropyl Alcohol (IPA) Market Trends
Rising Demand for Isopropyl Alcohol from the Pharmaceutical Industry
The pharmaceutical industry's robust growth has become a significant driver for isopropyl alcohol demand, with the global pharmaceuticals market reaching USD 1.60 trillion in 2023, marking an increase from USD 1.48 trillion in 2022. This expansion is further evidenced by substantial investments in manufacturing infrastructure, particularly in key markets. For instance, in Gujarat, India, over 139 drug manufacturing projects were approved in FY 2022-2023, with investments exceeding USD 840.14 million, featuring state-of-the-art technology and export-oriented facilities. The pharmaceutical sector's growth trajectory is further reinforced by the European Federation of Pharmaceutical Industries and Associations (EFPIA), which currently encompasses 36 national pharmaceutical associations and 39 leading pharmaceutical companies, highlighting the industry's expanding footprint.
The increasing utilization of isopropyl alcohol in pharmaceutical applications is driven by its crucial role as a pharmaceutical excipient in maintaining sterile environments and manufacturing processes. As an FDA-regulated active ingredient in over-the-counter antiseptic products, IPA's significance in pharmaceutical manufacturing extends to its use as a pharmaceutical solvent in bulk drugs and drug formulations, benefiting from its excellent physical and chemical properties and stability. Major pharmaceutical companies worldwide, including Sun Pharma, Divis Labs, Dr. Reddy's Labs, and Abbott India, continue to drive demand through their extensive manufacturing operations. This demand is further amplified by IPA's essential role as a sanitizer in sanitizing medical equipment, preparing surfaces for medical procedures, and its incorporation in various pharmaceutical formulations.
Growing Utilization of Isopropyl Alcohol in the Personal Care and Cosmetics Industry
The personal care and cosmetics industry's expansion has emerged as a crucial driver for isopropyl alcohol demand, particularly evident in major markets like China, where cosmetic retail sales reached CNY 414.2 billion (~USD 58.42 billion) in 2023, representing a 5.1% year-over-year increase. This growth is supported by the presence of numerous global manufacturers and significant investments in production capabilities. Japan's robust cosmetics sector, featuring approximately 3,000 beauty companies including industry leaders like Shiseido, Kao, Kosé, and Pola Orbis, further demonstrates the industry's strong demand for isopropyl alcohol as a key cosmetic ingredient in various formulations.
The increasing sophistication of personal care and cosmetic products has led to greater incorporation of isopropyl alcohol in various applications, from its use as a cosmetic ingredient in fragrances and cosmetics to its role as an industrial solvent in maintaining product stability and efficacy. Major manufacturers are responding to this demand through capacity expansions and new facility establishments. For instance, in February 2023, Unilever announced plans to construct a new manufacturing plant in northern Mexico with an investment of USD 400 million, focusing on producing cosmetics and personal care items for both local and export markets. This expansion trend is further supported by the coatings industry's growth, particularly in China, where production reached 35,772 million tons in 2023, with exports increasing by 19.6% to 262,000 tons, indicating the broader industrial demand for isopropyl alcohol in related applications as a cleaning solvent and surface disinfectant.
Segment Analysis: Application
Process and Preparation Solvent Segment in Isopropyl Alcohol Market
The process solvent and preparation solvent segment dominates the global isopropyl alcohol market, commanding approximately 42% market share in 2024, while also exhibiting the highest growth rate of around 5% for the forecast period 2024-2029. This segment's prominence is attributed to IPA's exceptional properties as a rapid evaporation solvent, minimal residue compared to ethanol, low toxicity, and compatibility with various solvents including water, ethanol, and chloroform. The segment's growth is primarily driven by its extensive applications in extracting and purifying natural products such as vegetable and animal oils, gums, resins, waxes, colors, flavorings, alkaloids, vitamins, kelp, and alginates. Furthermore, its role as a carrier solvent in food manufacturing processes and its utility in purification, crystallization, and precipitation of organic chemicals has strengthened its market position. The segment's robust performance is also supported by its widespread use in personal care and household sectors for manufacturing general-purpose cleaners, disinfectants, and room sprays.
Remaining Segments in Application
The cleaning and drying agent segment holds significant importance in the market, particularly in electronics, pharmaceuticals, and fine machinery industries, where IPA's effectiveness as an industrial cleaning chemical and quick-drying properties make it indispensable. The coating and dye solvent segment serves crucial applications in the formulation of paints, varnishes, and coatings, while the intermediate segment plays a vital role in synthesizing various compounds and chemicals across multiple industries. The intermediate segment's significance is particularly notable in pharmaceutical manufacturing, where IPA serves as a precursor for essential chemical intermediates. Each of these segments contributes uniquely to the market's diversity, with applications ranging from surface preparation and equipment sterilization to chemical synthesis and manufacturing processes.
Segment Analysis: End-User Industry
Healthcare Segment in Isopropyl Alcohol Market
The healthcare sector dominates the global isopropyl alcohol market, commanding approximately 36% of the total market share in 2024, while also exhibiting the strongest growth trajectory with a projected growth rate of around 5% during 2024-2029. This commanding position is primarily attributed to the extensive use of isopropyl alcohol as a pharmaceutical solvent in pharmaceutical manufacturing, medical device sterilization, and as a crucial component in sanitization products. The segment's robust performance is further bolstered by increasing investments in healthcare infrastructure worldwide, particularly in emerging economies. For instance, in March 2024, GEA's new pharmaceutical technology center in Elsdorf, Germany, represents a significant EUR 80 million investment in freeze-drying systems for injectable pharmaceuticals. Additionally, the growing emphasis on maintaining stringent hygiene standards in healthcare facilities and the rising demand for pharmaceutical products continue to drive the consumption of isopropyl alcohol in this sector.
Remaining Segments in End-User Industry
The chemical industry represents the second-largest segment, leveraging isopropyl alcohol as a crucial chemical intermediate in various chemical processes and synthesis applications. The cosmetics and personal care sector maintains significant market presence, driven by the growing demand for personal care products and cosmetic formulations where isopropyl alcohol serves as a key ingredient. The paints and coatings industry utilizes isopropyl alcohol primarily as a solvent and cleaning agent, while the electronics sector employs it as an electronic cleaning solvent for precision cleaning of electronic components and semiconductor manufacturing. Each of these segments contributes uniquely to the market's dynamics, with their demand patterns influenced by region-specific industrial development, regulatory frameworks, and technological advancements in their respective fields.
Isopropyl Alcohol (IPA) Market Geography Segment Analysis
Isopropyl Alcohol Market in Asia-Pacific
The Asia-Pacific region represents the largest and most dynamic isopropyl alcohol market globally, driven by robust growth across multiple end-use industries. The region's dominance is supported by its strong manufacturing base, particularly in countries like China, India, Japan, and South Korea. The presence of major electronics manufacturing hubs, expanding pharmaceutical sectors, and growing cosmetics industries across these countries continues to drive demand. Countries like Malaysia, Thailand, Indonesia, and Vietnam are also emerging as significant markets, particularly due to their growing industrial base and increasing domestic consumption.
Isopropyl Alcohol Market in China
China maintains its position as the largest market for isopropyl alcohol in the Asia-Pacific region, accounting for approximately 38% of the regional market in 2024. The country's dominance is attributed to its extensive manufacturing capabilities and diverse end-user industries. China's pharmaceutical industry has shown remarkable growth, with revenues surpassing CNY 3.36 trillion. The country's coatings sector, supported by approximately 10,000 manufacturers, continues to drive demand. Additionally, China's position as a global electronics manufacturing hub, particularly in semiconductor production, further strengthens its market leadership.
Isopropyl Alcohol Market in India
India emerges as the fastest-growing market in the Asia-Pacific region, with a projected growth rate of approximately 6% from 2024 to 2029. The country's growth trajectory is supported by significant investments in manufacturing capabilities and expanding end-use industries. India's pharmaceutical sector, being one of the largest globally in terms of volume, continues to drive demand for isopropyl alcohol. The country's personal care and cosmetics market is experiencing rapid expansion, projected to capture 5% of the global cosmetics market by 2025. Furthermore, recent investments in domestic manufacturing capabilities, including new isopropyl alcohol production facilities, are strengthening India's position in the regional isopropanol market.
Isopropyl Alcohol Market in North America
North America represents a mature and well-established IPA market, characterized by advanced manufacturing capabilities and stringent quality standards. The region's market is primarily driven by robust demand from pharmaceutical, electronics, and personal care industries. The United States dominates the regional landscape, followed by Canada and Mexico. The region's strong focus on research and development, coupled with increasing investments in manufacturing facilities, continues to shape market dynamics.
Isopropyl Alcohol Market in United States
The United States maintains its position as the dominant force in the North American market, commanding approximately 88% of the regional market share in 2024. The country's leadership is supported by its extensive pharmaceutical manufacturing base, which accounts for over 45% of global pharmaceutical sales. The U.S. also benefits from a robust cosmetics industry, with the beauty industry sales growing significantly and facial cosmetics alone generating approximately USD 2.3 billion in sales. The presence of major manufacturers and continuous investments in production facilities further strengthens its market position.
Isopropyl Alcohol Market in Mexico
Mexico emerges as the fastest-growing market in North America, with a projected growth rate of approximately 4% from 2024 to 2029. The country's growth is driven by its strategic position as a manufacturing hub and increasing investments in key end-use industries. Mexico's pharmaceutical sector, ranking as the second-largest in Latin America, continues to expand with significant foreign investments. The country's electronics manufacturing sector is also witnessing substantial growth, supported by government initiatives to enhance semiconductor manufacturing capabilities. Additionally, Mexico's position as a major coatings manufacturer contributes to its accelerating market growth.
Isopropyl Alcohol Market in Europe
Europe represents a sophisticated isopropyl alcohol market, characterized by stringent regulations and high-quality standards. The region's market is driven by strong demand from pharmaceutical, cosmetics, and electronics industries across Germany, the United Kingdom, France, Italy, Spain, Nordic countries, Turkey, and Russia. The presence of major manufacturers and continuous investments in research and development contribute to the region's market dynamics.
Isopropyl Alcohol Market in Germany
Germany stands as the largest market for isopropyl alcohol in Europe, driven by its robust industrial base and advanced manufacturing capabilities. The country's pharmaceutical sector, being one of Europe's largest, continues to drive significant demand. Germany's electronics industry, ranking as the largest in Europe and fifth-largest globally, further strengthens its market position. The country's strong focus on innovation and sustainable practices in chemical manufacturing contributes to its market leadership.
Isopropyl Alcohol Market in Nordic Countries
The Nordic countries emerge as the fastest-growing market in Europe, driven by significant investments in semiconductor manufacturing and other high-tech industries. The region's growth is supported by expanding manufacturing capabilities and increasing focus on sustainable chemical production. Recent developments in semiconductor manufacturing facilities, particularly in Finland and Denmark, are contributing to market growth. The region's strong emphasis on research and development in chemical manufacturing further supports its growth trajectory.
Isopropyl Alcohol Market in South America
The South American market for isopropyl alcohol demonstrates steady growth potential, with Brazil, Argentina, and Colombia as key markets. Brazil emerges as both the largest and fastest-growing market in the region, supported by its position as the fourth-largest beauty product market globally and significant pharmaceutical manufacturing capabilities. Argentina's market is driven by its pharmaceutical sector, while Colombia's growth is supported by its expanding industrial base and increasing domestic consumption. The region's market dynamics are influenced by growing investments in manufacturing capabilities and increasing demand from end-use industries.
Isopropyl Alcohol Market in Middle East & Africa
The Middle East & Africa region presents significant growth opportunities in the isopropyl alcohol global market, encompassing diverse markets including Saudi Arabia, Qatar, UAE, Nigeria, Egypt, and South Africa. Saudi Arabia emerges as the largest market in the region, driven by substantial investments in healthcare and cosmetics sectors. Egypt demonstrates the fastest growth potential, supported by its expanding pharmaceutical manufacturing capabilities and growing industrial base. The region's market development is characterized by increasing investments in manufacturing facilities and growing demand from end-use industries.
Isopropyl Alcohol (IPA) Industry Overview
Top Companies in Isopropyl Alcohol Market
The global isopropyl alcohol market features established multinational corporations leading the industry through their extensive manufacturing capabilities and robust distribution networks. These isopropyl alcohol companies are increasingly focusing on developing high-purity grades of isopropyl alcohol to serve specialized applications in pharmaceuticals and electronics manufacturing. Strategic capacity expansions, particularly in Asia-Pacific regions, demonstrate the industry's commitment to meeting growing demand across various end-user segments. Companies are investing heavily in research and development to improve production processes and develop sustainable manufacturing methods. The market leaders are strengthening their positions through vertical integration, ensuring raw material security while optimizing cost structures. Additionally, manufacturers are expanding their product portfolios to include specialized grades catering to emerging applications in the semiconductor and medical device industries.
Consolidated Market with Strong Regional Players
The isopropyl alcohol market exhibits a partially consolidated structure, with major global chemical conglomerates dominating the landscape alongside regional specialists. These leading players leverage their integrated operations, from raw material sourcing to end-product distribution, creating significant entry barriers for new competitors. The market demonstrates a clear distinction between global players who serve multiple end-user industries across regions and local manufacturers who focus on specific geographic markets or applications. The presence of backward-integrated petrochemical companies provides competitive advantages in terms of raw material security and cost optimization.
The industry has witnessed strategic acquisitions and partnerships aimed at expanding geographical presence and strengthening product portfolios. Major chemical companies are establishing joint ventures with regional players to penetrate emerging markets and enhance their distribution capabilities. Manufacturing facilities are strategically located near key end-user industries to optimize logistics and ensure reliable supply chains. The market structure favors companies with strong technological capabilities and established relationships with key end-user industries, particularly in the pharmaceutical and electronics sectors.
Innovation and Sustainability Drive Future Growth
Success in the isopropyl alcohol market increasingly depends on developing sustainable production processes and maintaining high product quality standards. Companies must invest in advanced manufacturing technologies to improve efficiency and reduce environmental impact while meeting stringent quality requirements from end-users. The ability to offer customized solutions for specific applications, particularly in high-growth sectors like semiconductors and pharmaceuticals, will be crucial for market expansion. Building strong relationships with key customers through technical support and collaborative development projects will become increasingly important for maintaining market position.
Market participants need to focus on developing robust supply chain networks to ensure consistent raw material availability and efficient product distribution. Companies must also prepare for potential regulatory changes regarding environmental protection and product safety standards. The increasing emphasis on sustainable practices and circular economy principles will require manufacturers to invest in green technologies and recycling capabilities. Success will depend on balancing operational efficiency with environmental responsibility while maintaining product quality and reliability. Regional expansion strategies must consider local regulatory frameworks and end-user requirements to ensure sustainable growth.
Isopropyl Alcohol (IPA) Market Leaders
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Dow
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ExxonMobil Corporation
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Kailing Chemical (Zhangjiagang) Co. Ltd
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Ineos
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Shell PLC
- *Disclaimer: Major Players sorted in no particular order
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Isopropyl Alcohol (IPA) Market News
- June 2023: ExxonMobil invested approximately USD 264 million in new projects in Baton Rouge area facilities. Under these projects, the company included a new production unit to produce high-grade isopropyl alcohol for microchip manufacturing and a new resin production facility at ExxonMobil’s Port Allen lubricants plant. The project investment decision is expected to be finalized in the first half of 2024.
Isopropyl Alcohol (IPA) Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Rising Demand for Isopropyl Alcohol from the Pharmaceutical Industry
- 4.1.2 Growing Utilization of Isopropyl Alcohol in the Personal Care and Cosmetics Industry
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4.2 Restraints
- 4.2.1 Availability of Substitute Products for Isopropyl Alcohol
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value and Volume)
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5.1 Application
- 5.1.1 Process and Preparation Solvent
- 5.1.2 Cleaning and Drying Agent
- 5.1.3 Coating and Dye Solvent
- 5.1.4 Intermediate
- 5.1.5 Other Applications
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5.2 End-user Industry
- 5.2.1 Cosmetics and Personal Care
- 5.2.2 Healthcare
- 5.2.3 Electronics
- 5.2.4 Paints and Coatings
- 5.2.5 Chemicals
- 5.2.6 Other End-user Industries
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5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Malaysia
- 5.3.1.6 Thailand
- 5.3.1.7 Indonesia
- 5.3.1.8 Vietnam
- 5.3.1.9 Rest of Asia-pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 France
- 5.3.3.4 Italy
- 5.3.3.5 Spain
- 5.3.3.6 Nordic Countries
- 5.3.3.7 Turkey
- 5.3.3.8 Russia
- 5.3.3.9 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Colombia
- 5.3.4.4 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 Qatar
- 5.3.5.3 United Arab Emirates
- 5.3.5.4 Nigeria
- 5.3.5.5 Egypt
- 5.3.5.6 South Africa
- 5.3.5.7 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%) Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Cnpc Jinzhou Petrochemical Company
- 6.4.2 Deepak Fertilisers and Petrochemicals Corporation Ltd (dfpcl)
- 6.4.3 Dow
- 6.4.4 ENEOS Corporation
- 6.4.5 Ineos
- 6.4.6 Kailing Chemical (Zhangjiagang) Co. Ltd
- 6.4.7 LCY GROUP
- 6.4.8 LG Chem
- 6.4.9 Mitsui Chemicals Inc.
- 6.4.10 Shell PLC
- 6.4.11 Yancheng Super Chemical Technology Co. Ltd.
- 6.4.12 Zhejiang Xinhua Chemical Co. Ltd.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Innovation in Bio-based Isopropyl Alcohol
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Isopropyl Alcohol (IPA) Industry Segmentation
Isopropyl alcohol (IPA), or isopropanol, 2-propanol, propane-2-ol, etc., is a colorless liquid with a sharp, musty odor. It is commonly found in rubbing alcohol, hand sanitizers, cosmetics, perfumes, pharmaceutical products, and cleaning products. It is also widely used as a process and preparation solvent, cleaning and drying agent, coating and dye solvent, and intermediate for various chemical formulations.
The isopropyl alcohol market is segmented by application, end-user industry, and geography. The market is segmented by application into process and preparation solvent, cleaning and drying agent, coating and dye solvent, intermediate, and other applications. In the end-user industry, the market is segmented into cosmetics and personal care, healthcare, electronics, paints and coatings, chemicals, and other end-user industries. The report also covers the market size and forecast for the isopropyl alcohol (IPA) market in 27 countries across major regions. The market size and forecasts were made for each segment based on volume (tons) and revenue (USD million).
| Application | Process and Preparation Solvent | ||
| Cleaning and Drying Agent | |||
| Coating and Dye Solvent | |||
| Intermediate | |||
| Other Applications | |||
| End-user Industry | Cosmetics and Personal Care | ||
| Healthcare | |||
| Electronics | |||
| Paints and Coatings | |||
| Chemicals | |||
| Other End-user Industries | |||
| Geography | Asia-Pacific | China | |
| India | |||
| Japan | |||
| South Korea | |||
| Malaysia | |||
| Thailand | |||
| Indonesia | |||
| Vietnam | |||
| Rest of Asia-pacific | |||
| North America | United States | ||
| Canada | |||
| Mexico | |||
| Europe | Germany | ||
| United Kingdom | |||
| France | |||
| Italy | |||
| Spain | |||
| Nordic Countries | |||
| Turkey | |||
| Russia | |||
| Rest of Europe | |||
| South America | Brazil | ||
| Argentina | |||
| Colombia | |||
| Rest of South America | |||
| Middle-East and Africa | Saudi Arabia | ||
| Qatar | |||
| United Arab Emirates | |||
| Nigeria | |||
| Egypt | |||
| South Africa | |||
| Rest of Middle East and Africa | |||
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Isopropyl Alcohol (IPA) Market Research FAQs
How big is the Isopropyl Alcohol Market?
The Isopropyl Alcohol Market size is expected to reach USD 3.32 billion in 2025 and grow at a CAGR of 4.54% to reach USD 4.15 billion by 2030.
What is the current Isopropyl Alcohol Market size?
In 2025, the Isopropyl Alcohol Market size is expected to reach USD 3.32 billion.
Who are the key players in Isopropyl Alcohol Market?
Dow, ExxonMobil Corporation, Kailing Chemical (Zhangjiagang) Co. Ltd, Ineos and Shell PLC are the major companies operating in the Isopropyl Alcohol Market.
Which is the fastest growing region in Isopropyl Alcohol Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).
Which region has the biggest share in Isopropyl Alcohol Market?
In 2025, the Asia Pacific accounts for the largest market share in Isopropyl Alcohol Market.
What years does this Isopropyl Alcohol Market cover, and what was the market size in 2024?
In 2024, the Isopropyl Alcohol Market size was estimated at USD 3.17 billion. The report covers the Isopropyl Alcohol Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Isopropyl Alcohol Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Isopropyl Alcohol (IPA) Market Research
Mordor Intelligence provides a comprehensive analysis of the isopropyl alcohol market. We leverage our extensive expertise in industrial chemical research and consulting. Our detailed report covers the entire ecosystem of IPA applications. This includes its use as a pharmaceutical excipient and cleaning solvent, as well as its critical role in sanitizer and surface disinfectant production. The analysis also encompasses chemical intermediate applications, industrial solvent usage, and emerging trends in cosmetic ingredient formulations. These insights offer stakeholders actionable information about the isopropanol market.
Our downloadable report PDF offers in-depth coverage of isopropyl alcohol pricing trends, competitive landscape, and growth projections across key segments. These segments include pharmaceutical solvent, industrial alcohol, and electronic cleaning solvent applications. Stakeholders benefit from our detailed examination of process solvent dynamics and chemical commodity trends. This is supported by robust IPA analysis methodologies. The report provides valuable insights into industrial cleaning chemical developments, antiseptic applications, and disinfectant market dynamics. This enables informed decision-making for industry participants across the value chain.
