By 2030, Global Demand for Isopropyl Alcohol Market Will Surpass USD 4.14 Billion at 7.5% CAGR Growth: Vantage Market Research (2023)

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May 08, 2023 (Market Insights Reports) --The Report published by Vantage Market Research on Global Isopropyl Alcohol Market scrutinizes majority of the vital aspects of the industry such as market size, market share, market trends, market revenue, and forecast. The report also briefly provides the information regarding competitors and interesting growth opportunities with the help of business strategies opted by the key players of the Isopropyl Alcohol Market. Additionally, this report comprehends the Isopropyl Alcohol Market growth rate through segment analysis including region, application, key players, and type. The regional analysis preferably enlightens the readers with necessary challenges, growth igniters, opportunities, and threats for gaining better knowledge regarding the market growth.

The Global Isopropyl Alcohol Market generated $2.5 Billion in 2022, and is estimated to reach $4.14 Billion by 2030, witnessing a CAGR of 7.5% from 2023 to 2030.

The report most enticingly elaborates the valuable insights into the Isopropyl Alcohol Market approaches and growth after a through market analysis. The research report also talks about the important and dominating factors that are projected to trigger market growth during the forecast period 2023-2030.

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Top Companies in Industry

Dow Chemical (U.S.), Mistral Industrial Chemicals (UK), INEOS Corporation (UK), ReAgent Chemicals Ltd. (U.S.), Lyondell Basell Industries (Netherlands), Linde Gas (Ireland)

The report lists the major players in the regions and their specific market share based on the global revenue. It also well explains the new product innovations, business strategies, and changing market dynamics. The Isopropyl Alcohol Market report provides a cutting edge by providing a complete picture of the market that is anticipated to help investors in their decision making.

Research Objectives:

  • To analyze the global Isopropyl Alcohol Market by key regions, competitive players, historical and future information, and forecast
  • To gain better knowledge over the Isopropyl Alcohol Market breakdown structure by studying its various segments
  • Market analysis depending on the growth trends, future prospects, and other vital contribution
  • Sharing key factors influencing market growth rate include opportunities, drivers, future scope, industrial challenges, and threats.
  • To analyze and study regional development status
  • To study agreements, new product launches, competitive strategies, expansions, and acquisitions in the market
  • Strategically profiling and analyzing the key players and their business growth strategies

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During the time of the global coronavirus pandemic, the global Isopropyl Alcohol Market is also found to face financial crisis owing to the financial slowdown. The pandemic has impacted the growth of the Isopropyl Alcohol Industry on a large scale. After a meticulous study, the research analysts have provided all the vital changing market dynamic along with the measures to curtail the current crisis. This report is a snapshot of the market data accumulated using reliable market research methodologies and primary plus secondary resources.

Global Isopropyl Alcohol Market Segmentation

This analysis forecasts revenue growth at the global, regional, and national levels by analyzing the most recent market trends in each of the sub-segments throughout the course of the anticipated time. Ask for Segmentation.

Key Questions Answered in Report

  • How much does the worldwide demand for market in terms of revenue?
  • Which businesses dominate the Isopropyl Alcohol Market?
  • What CAGR is anticipated for the Isopropyl Alcohol Industry during the anticipated time frame?
  • What are the primary elements promoting the market’s expansion?
  • Which region held the most Isopropyl Alcohol Market share?

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Regional Outlook

  • North America (USA and Canada)
  • Europe (UK, Germany, France and the rest of Europe)
  • Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
  • Latin America (Brazil, Mexico, and the rest of Latin America)
  • Middle East and Africa (GCC and the rest of the Middle East and Africa)

The Isopropyl Alcohol Industry report’s regional section provides a list of particular market-impacting factors as well as local market regulatory changes that have an effect on both the market’s current trends and potential future ones. Some of the indicators used to forecast the Isopropyl Alcohol Market environment for specific countries include technology developments, Porter’s five forces analysis, case studies, and analyses of the upstream and downstream value chains. It also considers the availability and presence of international brands, the challenges they face as a result of strong or weak competition from local and domestic brands, the impact of domestic tariffs, and trade routes when providing predictive analysis of the national data.

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Key Reasons to Get this Report:

  • Our team of experts has compiled the latest and most relevant statistics on the Isopropyl Alcohol Market. Our data provides both historical and forecast information that can be used to understand the changes occurring in the market.
  • Our analysis can help you anticipate changes in the Isopropyl Alcohol Market and stay ahead of your competition. With concise and clear charts and tables, you can quickly find the information you need to inform your business decisions.
  • We provide market values in billion USD for each segment and sub-segment, as well as indicate which regions or segments are expected to experience the most growth and dominate the Isopropyl Alcohol Market.
  • Our geographical analysis shows the consumption of the product/service within each region and the factors that influence it.
  • We also provide a comprehensive competitive landscape that includes the market ranking of major players, new product/service launches and partnerships, business expansions, and acquisitions over the past five years.
  • We offer in-depth company profiles for major market players that include product benchmarking, SWOT analysis, and company insights.
  • Our analysis also includes current and future market prospects for the Isopropyl Alcohol Industry, which incorporates growth opportunities, drivers, challenges, and restraints in both developed and emerging regions.
  • We provide an in-depth analysis of the Isopropyl Alcohol Market from multiple perspectives using Porter's Five Forces Analysis.
  • With our data and analysis, you can gain a better understanding of the Isopropyl Alcohol Market and make informed business decisions.

Table of Content (ToC):

  1. Executive Summary | Isopropyl Alcohol Market

1.1. Global Market Outlook

1.2. Supply-side Trends

1.3. Demand-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

  1. Market Overview

2.1. Market Definition / Scope / Limitations

2.2. Market Coverage / Taxonomy

  1. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Opportunity

3.1.3. Restraints

3.1.4. Trends

3.2. Scenario Forecast

3.2.1. Demand in Optimistic Scenario

3.2.2. Demand in Conservative Scenario

3.2.3. Demand in Likely Scenario

3.3. Product Life Cycle Analysis

3.4. Opportunity Map Analysis

3.5. Supply Chain Analysis

3.5.1. Mid-Level Participants (Traders/ Agents/ Brokers) Producers Supply Side Participants and Their Roles Wholesalers and Distributors

3.5.2. Value Added and Value Created at Node in the Supply Chain

3.5.3. List of Existing and Potential Buyers

3.5.4. List of Raw Material Suppliers

3.6. Investment Feasibility Matrix

3.7. Value Chain Analysis

3.7.1. Wholesalers and Distributors

3.7.2. Profit Margin Analysis

3.7.3. Retailers

3.8. PESTLE and Porter's Analysis

3.9. Regulatory Landscape

3.9.1. By Key Regions

3.9.2. By Key Countries

3.10. Regional Parent Market Outlook

3.11. Import and Export Statistics

3.12. Production and Consumption Statistics

  1. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2030

4.1. Historical Market Size Value (US$ Million) & Volume (MT) Analysis, 2018 to 2021

4.2. Current and Future Market Size Value (US$ Million) & Volume (MT) Projections, 2023 to 2030

4.2.1. Absolute $ Opportunity Analysis

4.2.2. Y-o-Y Growth Trend Analysis

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By 2030, Global Demand for Isopropyl Alcohol Market Will Surpass USD 4.14 Billion at 7.5% CAGR Growth: Vantage Market Research (1)


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By 2030, Global Demand for Isopropyl Alcohol Market Will Surpass USD 4.14 Billion at 7.5% CAGR Growth: Vantage Market Research? ›

The global Isopropyl Alcohol Market was valued at USD 2.5 Billion in 2022 and is projected to reach a value of USD 4.14 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 7.5% between 2023 and 2030. Isopropyl Alcohol is a colourless, flammable organic compound often accompanied by a pungent alcoholic odour.

What is the market demand of isopropyl alcohol? ›

The global isopropyl alcohol (IPA) market size was valued at USD 2.94 billion in 2021. It is expected to reach USD 4.44 billion by 2030, growing at a CAGR of 4.68% during the forecast period (2022–2030).

How big is the isopropanol market? ›

The global isopropanol market is estimated to be valued at US$ 3.4 billion in 2023.

Where does isopropyl alcohol come from? ›

Isopropyl alcohol was the first commercial synthetic alcohol; chemists at the Standard Oil Company of New Jersey (later Exxon Mobil) first produced it in 1920 while studying petroleum by-products. It is easily synthesized from the reaction of propylene with sulfuric acid, followed by hydrolysis.

What is 91 isopropyl alcohol used for? ›

One of the key uses of Isopropyl Alcohol 91% USP grade is as a disinfectant and cleaning agent. It is commonly used to clean and disinfect surfaces, equipment, and medical instruments. It is also used as a solvent in the production of cosmetics, personal care products, and pharmaceuticals.

Why do people buy isopropyl alcohol? ›

Isopropyl Alcohol is often used in hospitals as a surface disinfectant, sanitiser, and even surgical hand scrubs. This is because of its ability to kill and protect against surface bacteria.

Is there a shortage of isopropyl alcohol? ›

There has been a massive shift in global production to manufacture disinfectants, although IPA is expected to remain in short supply in the short-term due to unabated demand for sanitisers and disinfectants amid the COVID-19 pandemic.

Why is isopropyl alcohol so expensive? ›

(Propylene is the input used in isopropyl alcohol manufacture, but there is very little propylene in either petroleum or natural gas, so in practice they have to convert propane to propylene.) So there's more refining needed, and therefore more costly, to produce a single organic chemical like isopropyl alcohol.

What is the new name for isopropyl? ›

Isopropyl alcohol (IUPAC name propan-2-ol and also called isopropanol or 2-propanol) is a colorless, flammable organic compound with a pungent alcoholic odor.

Does isopropyl alcohol expire? ›

Unopened IPA (isopropyl alcohol) containers last for long periods of time. Under ideal storage conditions, the shelf life of IPA is roughly three years from the manufacture date. As storage space for flammable liquids is generally limited, most manufacturers order IPA as needed and minimize storage quantity.

Why is 70% isopropyl alcohol used? ›

70% isopropyl alcohol is by far better at killing bacteria and viruses than 99% isopropyl alcohol. As a disinfectant, 70% concentration of alcohol is the most effective at killing pathogens. Any higher or lower percentage will be less effective.

Which is better alcohol or isopropyl alcohol? ›

Rubbing alcohol is better for use in first aid and to sterilize small objects or surfaces. If the isopropyl alcohol concentration in rubbing alcohol exceeds 80%, it loses some antibacterial properties. The higher concentration also makes it more hazardous and inappropriate for home use.

Is 70% better than 91% isopropyl? ›

A lower percent alcohol means there's more water diluting the mix in the bottle. But according to microbiology, 70 percent alcohol is probably more effective than 91 percent for disinfecting—depending on what kind of germs you're trying to kill.

What is 100% isopropyl alcohol used for? ›

The high grades of Isopropyl Alcohol 100% are suitable for the majority of IPA uses and is commonly used by industrial users and cleaners. Great for: Disinfecting hard surfaces - kitchen, bathroom and laundry. Sanitising and cleaning makeup brushes.

Is isopropyl better than ethanol for drinking? ›

The vital difference between isopropyl alcohol and ethyl alcohol is that the latter is safe for human consumption, while the former is hazardous for ingestion. However, denaturants added to ethanol in industrial disinfecting and cleaning products make it unpalatable for consumption.

Why don't they sell 100 isopropyl alcohol? ›

Anhydrous simply means that a solution contains no water, and generally is of 99%+ concentration. Isopropyl alcohol that is 100% free of water is not feasible as it immediately absorbs water after exposure to humid air.

What industries use isopropyl alcohol? ›

Isopropyl alcohol InCosmetics:

It is found in almost all cosmetic & toiletry products like skincare, make-up products, aftershave lotions, nail and hair care, etc. On a larger scale, the printing industry uses Isopropyl alcohol as a solvent, and to wash off acetone and toluene which are also solvents.

Is there a 100% isopropyl alcohol? ›

Texwipe's non-sterile IPA (isopropyl alcohol) is filtered for cleanliness and comes in two convenient dispensers — trigger spray and bulk container. Ideal for surface cleaning, wipe downs, and for use with any Texwipe cleanroom wiper.

Can you drink 70% isopropyl rubbing alcohol? ›

Under no circumstances is rubbing alcohol intended for consumption. It is not a substitute for alcohol, wine or beer. It is toxic.

Is sniffing isopropyl alcohol good for you? ›

► Inhaling Isopropyl Alcohol can irritate the nose and throat. ► Repeated high exposure can cause headache, dizziness, confusion, loss of coordination, unconsciousness and even death. DANGEROUS FIRE HAZARD.

Why do hospitals use isopropyl alcohol? ›

Takeaway. Ethyl alcohol and isopropyl alcohol are commonly used as disinfectants and antiseptics. Both alcohols are effective at killing germs when used in concentrations over 60 percent, but there's some evidence that ethyl alcohol is less damaging to your skin.

What is the best alternative to isopropyl alcohol? ›

Vinegar. While it isn't advertised as something to fight the Coronavirus with, vinegar has been proven to eradicate germs and certain viruses due to its highly acidic nature. Just grab a bottle of white vinegar and dilute it with water to have yourself a potent sanitizing agent.

What are the negatives of isopropyl? ›

Isopropyl alcohol is readily absorbed through the skin, so spilling large amounts of IPA on the skin may cause accidental poisoning. Small amounts of IPA on the skin is generally not dangerous, but repeated skin exposure can cause itching, redness, rash, drying, and cracking. Prolonged skin contact may cause corrosion.

Why is rubbing alcohol green? ›

Wintergreen is often added to rubbing alcohol because it contains a compound called methyl salicylate, which has analgesic (pain-relieving) properties.

How much is isopropyl alcohol in China? ›

China Regional Price - Isopropanol
Region - ProductAverage PriceChange
Zhejiang Isopropanol6875.0Yuan/mt
Guangdong Isopropanol7300.0Yuan/mt
Jiangsu Isopropanol6950.0Yuan/mt
North China Isopropanol6650.0Yuan/mt

How much is isopropyl alcohol in the US? ›

U.S. isopropyl alcohol price 2000-2020

On March 10, 2020, the U.S. price for this chemical was 880 U.S. dollars per metric ton.

Is there a difference between isopropyl alcohol and isopropanol? ›

For clarification there is no difference whatsoever. They are the same chemical. Unfortunately there are many different naming conventions, this does lead to some confusion. So look for the two commonly used names Isopropanol Alcohol 70% or Isopropyl Alcohol 70%.

Is isopropyl alcohol the same as isopropyl alcohol? ›

A chemist would recognise that isopropanol and isopropyl alcohol are simply different names for the same substance (chemical structure CH3-CHOH-CH3). Additionally, they would know that propan-2-ol is the same chemical compound as well.

Why is isopropyl called ISO? ›

The prefix "iso" is used when all carbons except one form a continuous chain. This one carbon is part of an isopropyl group at the end of the chain. "Iso" can also indicate that the molecule is an constitutional isomer of another molecule with a common (or trivial) name.

How do you store isopropyl alcohol for long term? ›

Isopropyl alcohol should be stored in a tightly closed container in a cool, dry, well-ventilated area. Due to the chemical's extreme flammability, it must be kept away from all possible ignition sources, including heat, sparks, and flames.

Will isopropyl alcohol damage glass? ›

Rubbing alcohol (also known as isopropyl alcohol) can be used to help achieve a streak-free finish on your glass surfaces. You can mix a small amount (around 10% of the total volume) into the cleaning solutions above, or you can use a mixture of rubbing alcohol and water as a final step in your cleaning process.

Does isopropyl alcohol damage plastic? ›

IPA can also damage some soft plastics. Exposure of some painted plastic surfaces to IPA can lead to fading of the paint color and also cause the formation of very fine cracks in the plastic surface, an effect referred to as crazing.

Why do you spray alcohol on a bed? ›

So, you may use it to disinfect your mattress. It is also highly effective in removing body odors or foul smells. Spraying the alcohol mixture and leaving it for 15 minutes will remove the stink and microorganisms. If you want a better result, you can repeat the process.

Why is 100 ethanol not used? ›

100% ethanol completely coagulate the outer cells proteins and it works as defense mechanism in the cells of organism but in case of 70% ethanol, the ethanol does not completely coagulates the proteins of the cell hence penetrates in the organisms body and it dies.

How effective is isopropyl alcohol in killing germs? ›

The properties within isopropyl alcohol act are known as antimicrobial which means isopropyl alcohol kills microorganisms (bacteria, fungi, germs) or stops their growth – such as the spread of germs. It kills 99.99% of germs within about 10-30 seconds, making it the perfect sterilisation tool.

Which is more effective 70 ethyl alcohol or 40 isopropyl alcohol? ›

Isopropyl alcohol is effective against viruses such as FCV at 40% – 60% concentrations. Ethanol however, is more effective at 70% – 90% concentrations against FCV. Contact time indicates how effective an alcohol is against a target microbe in a given period of time.

Can I use 99.9 isopropyl alcohol? ›

99% isopropyl alcohol is used: To clean surfaces, both alone and as a component of a general-purpose cleaner, or as a solvent. 99% isopropyl alcohol has the benefit of being non-corrosive to metals or plastics, so it can be used widely, on all surfaces, and won't leave smears, even on glass or screens.

What percent isopropyl alcohol is best for electronics? ›

Isopropyl Alcohol 99% is ideal for industrial and consumer cleaning of electronics, because its fast evaporation ensures that it will dry spot free.

Can you use 99 isopropyl alcohol on skin? ›

The 99% concentration level can also be applied directly to skin as long as it is a medical grade alcohol. Personal Care Isopropyl alcohol also plays a major role in the personal care industry. That's because it goes into assorted bath products, lotions, cosmetics, hand sanitizers, and more.

Can ethanol replace isopropyl alcohol? ›

Both alcohols are flammable, and both are used as disinfectants. There are varying grades of both in terms of purity, ethanol is more widely used in wet laboratories whereas isopropyl alcohol is preferentially used to disinfect electronic devices.

Why can you drink ethanol but not isopropyl alcohol? ›

Isopropanol is more intoxicating than ethanol at comparable concentrations and is more likely to produce impaired consciousness (such as slurred speech, stumbling, and sedation), decreased body heat production, dangerously low blood pressure, and even cardiopulmonary collapse.

Why is 70 percent ethanol used? ›

70% denatured ethanol is not only less flammable but also offers a more economical price point for general wipe down and large-surface disinfection. Likewise, high-moisture alcohols evaporate slower and increase contact time without becoming immediately dry.

What is the price of isopropyl alcohol in bulk? ›

Rs. 50 - 70 per kg.

What is the price of 100 isopropyl alcohol? ›

Isopropyl Rubbing Alcohol 100 Ml at Rs 130/bottle | Ashok Vihar | Delhi | ID: 11817005062.

What is the price of industrial isopropyl? ›

U.S. isopropyl alcohol price 2000-2020

On March 10, 2020, the U.S. price for this chemical was 880 U.S. dollars per metric ton.

What alcohol is better than isopropyl? ›

According to the World Health Organization (WHO) , ethyl is generally considered superior to isopropyl alcohol, but both types of alcohol are effective at killing flu and cold viruses.

Can you buy 100% isopropyl alcohol? ›

Texwipe's non-sterile IPA (isopropyl alcohol) is filtered for cleanliness and comes in two convenient dispensers — trigger spray and bulk container. Ideal for surface cleaning, wipe downs, and for use with any Texwipe cleanroom wiper.

What is the highest percentage of isopropyl alcohol you can buy? ›

You can buy rubbing alcohol with a concentration of 70% or 99% isopropyl alcohol. Even though you may think the higher concentration is more effective, experts say 70% is actually better for disinfecting. It has more water, which helps it to dissolve more slowly, penetrate cells, and kill bacteria.


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