Global Isopropyl Alcohol Market Size, Growth Analysis and Forecast Insights

Report ID : 1332133 | Published : July 2025 | Study Period : 2023-2033 | Format : PDF + Excel

The market size of the Isopropyl Alcohol Market is categorized based on Application (Solvent, Chemical Intermediate, Cleaning Agent, Pharmaceuticals, Personal Care) and End-Use Industry (Pharmaceuticals, Cosmetics and Personal Care, Food and Beverage, Automotive, Chemical Manufacturing) and Grade (Industrial Grade, Pharmaceutical Grade, Cosmetic Grade, Technical Grade, Food Grade) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

The Isopropyl Alcohol Market size was valued at 5.3 billion USD in 2023 and is projected to reach 8.1 billion USD by 2033, growing at a CAGR of 4.3% from 2024 to 2033. This report includes various market segments and analyzes the key trends and factors influencing market growth.

In the previous few years, the Isopropyl Alcohol (IPA) market experienced impressive growth relative to other Dynamics Research markets, due to increased scope of use across industries. IPA is considered a multipurpose solvent which is used in pharmaceuticals, cosmetics, electronics, and many other industries. During the COVID-19 pandemic, the demand for IPA increased immensely due to its effectiveness as a disinfectant, showcasing once again the importance of IPA in the modern world. As a result of this increase, IPA manufacturers have had to scale production and improvise upon their supply chains to satisfy the ever-growing demand from consumers and businesses.

Apart from being a powerful cleaning agent, Isopropyl Alcohol is a critical ingredient in the production of many chemical compounds. Environmental and social sustainability trends are also changing the ways of IPA production – now more focus is placed toward minimizing the environmental impact. As businesses shift toward better and more efficient standards, the Isopropyl Alcohol market is sure to grow, allowing market players to capture untapped regions and explore novel uses.

Changes to policies, availability of raw materials, and technological improvements are some of the factors that can affect market dynamics. Companies that operate in this space will find it important to consistently track changes and forecasts in the Isopropyl Alcohol market. Verified Industry Insights is devoted to crafting in-depth market research reports that help businesses leverage these chances and maintain a competitive advantage in the industry.

 

ATTRIBUTES	DETAILS
STUDY PERIOD	2023-2033
BASE YEAR	2023
FORECAST PERIOD	2024-2033
HISTORICAL PERIOD	2023-2024
UNIT	VALUE (USD BILLION)
KEY COMPANIES PROFILED	BASF SE, Dow Chemical Company, ExxonMobil Chemical, LG Chem, Mitsubishi Chemical Corporation, Shell Chemicals, SABIC, INEOS Group, Huntsman Corporation, Eastman Chemical Company, LyondellBasell Industries
SEGMENTS COVERED	By Application - Solvent, Chemical Intermediate, Cleaning Agent, Pharmaceuticals, Personal Care By End-Use Industry - Pharmaceuticals, Cosmetics and Personal Care, Food and Beverage, Automotive, Chemical Manufacturing By Grade - Industrial Grade, Pharmaceutical Grade, Cosmetic Grade, Technical Grade, Food Grade By Geography - North America, Europe, APAC, Middle East Asia & Rest of World.

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Isopropyl Alcohol Market Dynamics

The Isopropyl Alcohol Market is undergoing significant changes due to various dynamic factors. This section delves into the key drivers, restraints, opportunities, and challenges that are shaping the market landscape.

Market Drivers

1. Technological Advancements
2. Increasing Consumer Demand
3. Regulatory Support
4. Globalization

Market Restraints

1. High Operational Costs
2. Regulatory Challenges
3. Market Saturation

Market Opportunities

1. Emerging Markets
2. Product Innovation
3. Strategic Partnerships

Market Challenges

1. Technological Disruptions
2. Supply Chain Issues
3. Changing Consumer Preferences

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Key Players in the Isopropyl Alcohol Market

This report provides an in-depth analysis of both established and rising industry participants. It provides broad lists of important companies organized by the types of products they offer and other market-related factors. In addition to characterizing these companies, the report contains the year each player entered the market, which is useful for research analysis by the study's analysts.

• BASF SE
• Dow Chemical Company
• ExxonMobil Chemical
• LG Chem
• Mitsubishi Chemical Corporation
• Shell Chemicals
• SABIC
• INEOS Group
• Huntsman Corporation
• Eastman Chemical Company
• LyondellBasell Industries

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● Detailed profiling of additional market players (up to three players)
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