Global Isopropyl Alcohol Market Size, By Application (Solvent, Cleaning Agent, Chemical Intermediate, Flavoring Agent, Disinfectant) By End-Use Industry (Food, Pharmaceutical, Cosmetic & Personal Care, Medical, Electronics, Automotive) Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026

Published Date: Jul 2020  |  Report ID: GMI3789  |  Authors: Kunal Ahuja, Amit Rawat

Report Format: PDF   |   Pages: 230   |   Base Year: 2019

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Isopropyl alcohol market size exceeded USD 3 billion in 2019 and is estimated to grow at over 6.1% CAGR between 2020 and 2026. Changing perceptions on cleanliness, increasing prevalence of bacterial outbreaks, and strict hygiene trends are likely to boost product demand during the forecast period.

Isopropyl alcohol is a flammable & colorless chemical compound widely utilized across diverse industries in 70% and 99% concentrations. IPA caters as a solvent, cleaning agent, chemical intermediate, flavouring agent, disinfectant & antiseptic, among other potential uses. Its high performance, sanitizing, cleansing, economical and preservative characteristics make it ideal for cosmetic, toiletries, and personal care products which is likely to boost the isopropyl alcohol market share.

Isopropyl Alcohol Market Outlook

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Isopropyl alcohol is widely used as a preservative in various cosmetic preparations such as creams, lotions, serums, shampoos, and hair conditioners. Additionally, rapid acceptance of alcohol bases sanitizers and cleansing solutions makes it easily acceptable in eyes of customers.

Isopropyl alcohol market from cosmetics & personal care products is likely to grow with CAGR of over 6.5% through 2026 owing to increasing competition in cosmetic industry and rapid shift towards sanitizing ingredients. Its dual characteristics as a preservative and sanitizing agent makes it compatible with various high quality personal care products such as cleansing liquid, sanitizers, and face wash products. Industry players are rapidly using alcohol in manufacturing luxury and over the top counter cosmetic products, providing a substantial push to isopropyl alcohol demand worldwide.

U.S. Regulation  799.2325 specifies the requirements for the testing of isopropyl alcohol under the Toxic Substances Control Act. It states the purity of isopropanol required, testing personnel, and the specific health effects to be tested. The regulation is helping manufacturers to manufacture high quality & economical isopropyl alcohol solutions in various end industries and also helping in improving brand equity.

Various industry players are rapidly engaged in new production development, marketing initiatives and research to manufacture high quality & targeted solutions. Increasing acceptance of isopropyl alcohol in eyes of consumers and rapid shift of manufactures to provide high quality products should boost product demand. Furthermore, increasing prevalence of COVID – 19 cases and rapid shift towards sanitizing ingredients and strict hygiene norms should stimulate the isopropyl alcohol market trends.

Global Isopropyl Alcohol Market Report Coverage
Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 3.0 Billion
Historical Data for: 2015 to 2019 Forecast Period: 2020 to 2026
Forecast Period 2020 to 2026 CAGR: 6.1% 2026 Value Projection: 8 Billion (USD)
Pages: 230 Tables, Charts & Figures: 218
Geographies covered (21): U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Poland, China, India, Japan, South Korea, Thailand, Malaysia, Australia, Brazil, South Africa, UAE, Saudi Arabia
Segments covered: Application, End Use
Companies covered (14): Exxon Mobil Corporation, Dow Chemical Company, Shell Chemicals, Hefei TNJ Chemical Industry Co., Ltd, LyondellBasell Industries Holdings B.V., LG Chem, Galaxy Chemicals, INEOS, China National Petroleum Corporation (CNPC Jinzhor Petrochemical), Deepak Fertilizers and Petrochemicals, Mitsui Chemicals, Kellin Chemicals (Zhangiagang) Co., Ltd, LCY Chemical Corp, Yancheng Super Chemical Technology Co., Ltd
Growth Drivers:
  • North America:
    • Growing demand for hand sanitizers and disinfectant due to COVID-19
    • North America: Growing demand for cosmetics product
  • Europe
    • Rising product usage in cosmetic & personal care industry
  • Asia Pacific:
    • Rapidly growing flat panel display and LED manufacturing industry
Pitfalls & Challenges:
  • Health concern due to exposure

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Increasing demand for high performance cleaning agents and changing perceptions towards hygiene to boost product demand

Isopropyl Alcohol Market from Cleaning Agents

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Cleaning agents segment is likely to grow with CAGR of over 5% through 2026 owing to rapid adopting of high quality cleaning agents at homes and commercial sites. Isopropyl alcohol has high resistance to microbes, viruses, bacteria, fungi, mold, and pathogens which makes it compatible with various cleaning solutions. Additionally, increasing demand for high performance cleaning solutions to reduce the spread of viral diseases is likely to augment the isopropyl alcohol market revenue.

Increasing awareness on personal hygiene, rapid outbreak of COVID-19, and changing perceptions on sanitation methods are likely to boost the isopropyl alcohol market demand. Isopropyl alcohol is widely used in manufacturing high-quality cleaning agents. Additionally, it is compatible with various kinds of aromatic agents, synthetic, and natural fragrance solutions, which makes it compatible with manufacturing solutions in hospitals, offices, homes, schools, libraries, and shops.

Increasing demand for high quality flavoring ingredients in fast moving consumer goods to foster market share

Isopropyl Alcohol Market by Food End User Segment

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Food industry is likely to surpass USD 120 million by the end of 2026 owing to expanding food & beverage sector and increasing demand for economical solutions. They are widely used in manufacturing artificial fruit flavours like lemon, orange and lime. Natural flavors deteriorate quickly which reduces the shelf life of products. Industry players are rapidly utilizing these solutions to increase shelf life and improve brand image.

Growing food sector and the rapid adoption of high-quality flavoring agents are likely to boost the isopropyl alcohol market growth. The product’s dual role in the food industry includes its use as a flavoring agent and to prepare sanitization solutions owing to its compatibility with other chemicals. Its high resonance with lemon-like sourness, efferences, and slightly bitter taste profile makes it popular in manufacturing fast moving food & beverages.

Stringent regulations on hygiene in workplaces and rising demand for quick acting disinfectants to boost product demand in North America

Isopropyl Alcohol Market by Region

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North America is forecast to surpass USD 1.9 billion by 2026 owing to rapid demand for high quality disinfectants to reduce viral outbreaks and protect workforce. Isopropyl alcohol is widely utilized in manufacturing safe & high-quality sanitizing solutions. Changing consumer perceptions on health & safety and shift in consumer behavior trends owing to the COVID-19 epidemic are likely to increase the use of isopropyl alcohol disinfectant solutions.

Industry players in the region are rapidly moving towards expanding their production facilities in an attempt to meet growing demand. Furthermore, increasing cases of COVID-19 and increasing cleanliness & hygiene norms are likely to drive the isopropyl alcohol market. Manufactures are engaged in new product development to manufacture disinfectants with high susceptibility to wide variety of gram positive & gram-negative bacteria, virus, and pathogens.

Increasing production capacity and new product development remains pivotal business strategies by market players

Global isopropyl alcohol industry is significantly fragmented, and the key players include Dow Chemical, ExxonMobil, Shell, INEOS, Kellin Chemical, LG Chem, LCY Chemical, and Super Chemical, Galaxy Chemicals, INEOS, and LCY Chemical Corporation. Industry players are also engaged in long term contracts with suppliers in an attempt to secure production line and capitalize on emerging hygiene trends in market sphere.

In April 2020, ExxonMobil increased production of raw materials for manufacturing medical supplies such as sanitizer liquid, face masks, and gowns. It has increased its manufacturing capability of specialized polypropylene by 1000 tons/month and increased the isopropyl alcohol production by 3000 tons/month. Production of isopropyl or rubbing alcohol will take place in Baton Rouge, U.S. This will help the company to improve its brand image, stakeholder & workplace morale, and also will expand it production capacities significantly.

The isopropyl alcohol market report includes in-depth coverage of the industry trends, with estimates & forecast in terms of volume (Kilo Tons) and revenue (USD Million) from 2015 to 2026, for the following segments:

By Application

  • Solvent
  • Cleaning Agent
  • Chemical Intermediate
  • Flavouring Agent
  • Disinfectant
  • Others

By End-use      

  • Food
  • Pharmaceutical
  • Cosmetic & Personal Care
  • Medical
  • Electronics
  • Automotive
  • Others

The above information has been provided for the following regions:

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Poland
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Thailand
    • Malaysia
    • Australia
  • Latin America
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • UAE


Frequently Asked Questions (FAQ) :

Rising competition in the cosmetic space and increasing preference for sanitizing ingredients will push product demand from cosmetics & personal care segment, slated to register 6.5% CAGR through 2026.
Cleaning agents application, poised to register 5% CAGR through 2026, will majorly push the market size, driven by robust adoption of high quality cleaning agents in residential and commercial establishments.
The COVID-19 outbreak has led to rising awareness regarding personal hygiene and has highlighted the importance of sanitation methods, which will boost isopropyl alcohol demand in the years ahead.
F&B sector expansion will help increase isopropyl alcohol demand, as the product is used to increase food shelf life and manufacture artificial flavors. F&B segment may exceed USD 120 million by 2026.
North America may depict extensive product demand powered by massive requirement for high quality disinfectants that are used to reduce viral outbreaks.

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Premium Report Details

  • Published Date: Jul 2020
  • Pages: 230
  • Tables: 187
  • Charts / Figures: 31
  • Companies covered: 14
  • Countries covered: 21

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