Isopropyl Alcohol Market was valued at USD 5.26 billion in 2021 and is expected to reach USD 7.09 billion by 2029, registering a CAGR of 3.80% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Isopropyl alcohol basically has a sharp, musky odor and is a colorless, flammable liquid. It is usually formed by the hydration reaction or hydrogenation of acetone by mixing water and propene. This compound is entirely water-missile and is used as a solvent for various compounds such as ethyl cellulose, natural resins, acrylic and epoxy resins, polyvinyl butyral, gum alkaloids, and others essential oils.
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Some of the major players operating in the isopropyl alcohol market are:
- Exxon Mobil Corporation (U.S.)
- Shell (Netherlands)
- Dow (U.S.)
- China Petrochemical Corporation (China)
- Mitsubishi Chemical Corporation (Japan)
- Tokuyama Corporation (Japan)
- LG Chem (South Korea)
- Jiangsu Denoir Technology Co. Ltd (China)
- Avantor, Inc (U.S.)
- INEOS AG (Germany)
Global Isopropyl Alcohol Market Scope:
Global isopropyl alcohol market is segmented on the basis of grade, production method, end-user industry and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Grade
70% IPA
90% IPA
Production Method
- Indirect Hydration
- Direct Hydration
Application
- Antiseptic and Astringent
- Cleaning Agent
- Solvent, Chemical Intermediate
- Others
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Isopropyl Alcohol Market Regional Analysis/Insights:
The isopropyl alcohol market is analyzed and market size insights and trends are provided by country, grade, production method, end-user industry and application as referenced above.
The countries covered in the isopropyl alcohol market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the increasing demand from various industries such as pharmaceuticals, cosmetics and personal care, and chemicals within the region.
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