Reports
Reports
Sale
The global isopropyl alcohol market reached a value of USD 4.67 billion in 2023. The market is further expected to grow at a CAGR of 4.3% in the forecast period of 2024-2032 to attain USD 6.82 billion by 2032.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The market is being driven by the increased usage of isopropyl alcohol in the production of personal care products and cosmetics. Isopropyl alcohol is used in the production of skincare products, makeup, bath products, haircare products, and eyecare products, among others. It is used as a solvent, cosmetic astringent, viscosity decreasing agent, and anti-foaming agent. The growing demand for cosmetic and personal care products, fuelled by the growing focus of consumers on personal care and hygiene, is anticipated to support the market growth in the forecast period. Meanwhile, the rising demand for isopropyl alcohol in the healthcare sector is expected to supplement the market growth in the coming years. Isopropyl alcohol finds extensive usage in the production of hand wash, surgical hand scrubs, and antiseptic skin preparations, among others.
The market in the Asia Pacific is expected to witness a significant growth in the forecast period. This can be attributed to the increased application of isopropyl alcohol in the construction sector to produce adhesives and sealants, lubricants, paints and paint additives, and pigments, among others. This trend is further expected to be aided by the growing government expenditure on infrastructure development activities, fuelled by the rising population in the region. In addition, the rapid expansion of healthcare facilities in the region is also anticipated to supplement the demand for isopropyl alcohol-based cleaning and antiseptic solutions. Meanwhile, North America is anticipated to witness a considerable growth in the forecast period, with the heightened demand for safety and hygiene products in the region, which utilise isopropyl alcohol-based solvents.
Isopropyl alcohol is a volatile, flammable, clear and colourless liquid with disinfectant properties. Although it mixes with water, other alcohols, ether and chloroform but it is insoluble in salt solutions. It is also known as rubbing alcohol and finds extensive applications in the manufacturing of solvents.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
By application, the market is divided into:
The report also covers the regional markets like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Isopropyl alcohol is registered as an antimicrobial, bactericide, fungicide, and virucide. The heightened demand for cleaning solutions and disinfectants in the healthcare sector is driving the market growth of isopropyl alcohol. Isopropyl alcohol is used in combination with ethyl alcohol or N-propyl alcohol in disinfectants, which include hand sanitisers, surface cleaners, and clinical instrument cleaners. The demand for isopropyl alcohol is currently growing more in the developing countries due to the growing hygiene awareness among individuals across the region, which is driving the demand for surface cleaning and personal hygiene products. In 2020, amid the COVID-19 outbreak, the demand for hygiene products surged, which, in turn, resulted in the increased production of isopropyl alcohol. For instance, in April 2020, ExxonMobil announced the increased production of raw materials for medical masks, hand sanitisers, and gowns. In this regard, the monthly production of isopropyl alcohol was increased by up to 3,000 tonnes to produce around 50 million bottles of hand sanitisers to meet the growing needs.
Further, the market for isopropyl alcohol is anticipated to be supported by the demand for isopropyl in solvent applications. It is used as a solvent for essential oils, alkaloids, gums, resins, coatings and cellulose, lacquers, and in extraction processes. It is also used as an inert solvent to reduce the flammability of coatings during storage and transportation, and as an additive in inks and thinner for water-based paints. These factors are anticipated to bolster the demand for isopropyl alcohol in the coming years.
The report gives a detailed analysis of the following key players in the global isopropyl alcohol market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Application |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Isopropyl Alcohol Market Analysis
8.1 Key Industry Highlights
8.2 Global Isopropyl Alcohol Historical Market (2018-2023)
8.3 Global Isopropyl Alcohol Market Forecast (2024-2032)
8.4 Global Isopropyl Alcohol Market by Application
8.4.1 Process Solvent
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Cleaning Agent
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Intermediate
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Coating Solvent
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Isopropyl Alcohol Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code: 290512)
12.1 Major Exporting Countries:
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
13.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
13.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Royal Dutch Shell plc
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 The Dow Chemical Company
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Exxon Mobil Corporation
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Sasol Limited
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Chang Chun Group
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Isopropyl Alcohol Market: Key Industry Highlights, 2018 and 2032
2. Global Isopropyl Alcohol Historical Market: Breakup by Application (Million Tons), 2018-2023
3. Global Isopropyl Alcohol Market Forecast: Breakup by Application (Million Tons), 2024-2032
4. Global Isopropyl Alcohol Historical Market: Breakup by Region (Million Tons), 2018-2023
5. Global Isopropyl Alcohol Market Forecast: Breakup by Region (Million Tons), 2024-2032
6. North America Isopropyl Alcohol Historical Market: Breakup by Country (Million Tons), 2018-2023
7. North America Isopropyl Alcohol Market Forecast: Breakup by Country (Million Tons), 2024-2032
8. Europe Isopropyl Alcohol Historical Market: Breakup by Country (Million Tons), 2018-2023
9. Europe Isopropyl Alcohol Market Forecast: Breakup by Country (Million Tons), 2024-2032
10. Asia Pacific Isopropyl Alcohol Historical Market: Breakup by Country (Million Tons), 2018-2023
11. Asia Pacific Isopropyl Alcohol Market Forecast: Breakup by Country (Million Tons), 2024-2032
12. Latin America Isopropyl Alcohol Historical Market: Breakup by Country (Million Tons), 2018-2023
13. Latin America Isopropyl Alcohol Market Forecast: Breakup by Country (Million Tons), 2024-2032
14. Middle East and Africa Isopropyl Alcohol Historical Market: Breakup by Country (Million Tons), 2018-2023
15. Middle East and Africa Isopropyl Alcohol Market Forecast: Breakup by Country (Million Tons), 2024-2032
16. Major Exporting Countries by Value
17. Major Importing Countries by Value
18. Major Exporting Countries by Volume
19. Major Importing Countries by Volume
20. North America Historical Price Trends and Forecast 2018-2028
21. Europe Historical Price Trends and Forecast 2018-2028
22. Asia Pacific Historical Price Trends and Forecast 2018-2028
23. Latin America Historical Price Trends and Forecast 2018-2028
24. Middle East and Africa Historical Price Trends and Forecast 2018-2028
25. Global Isopropyl Alcohol Market Structure
The major drivers of the market include the growing economy, growing hygiene awareness, existing downstream specialty chemical marketspace, increasing healthcare facilities, thriving cosmetics and personal care industry, elevating income levels, and technological advancements.
The growing demand in pharmaceutical and solvent applications and utilisation of isopropyl alcohol in the formulation of sanitisers are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major applications include process solvent, cleaning agent, intermediate, and coating solvent, among others.
The major players in the industry are Royal Dutch Shell plc, The Dow Chemical Company, Exxon Mobil Corporation, Sasol Limited, and Chang Chun Group, among others.
The global isopropyl alcohol market was driven by the growing demand in pharmaceutical and solvent applications. Aided by the growing hygiene awareness and thriving cosmetics and personal care industry, the market is expected to grow at a CAGR of 4.3% in the forecast period of 2024-2032.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The major applications include process solvent, cleaning agent, intermediate, and coating solvent, among others. The major regional markets for the isopropyl alcohol market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The major players in the industry are Royal Dutch Shell plc, The Dow Chemical Company, Exxon Mobil Corporation, Sasol Limited, and Chang Chun Group, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
Mini Report
Single User License
Five User License
Corporate License
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.