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Isopropyl Alcohol Market Analysis

  • Report ID: GMI3789
  • Published Date: Jul 2020
  • Report Format: PDF

Isopropyl Alcohol Market Analysis

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.

Isopropyl Alcohol Market by Food End User Segment

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.

Isopropyl Alcohol Market by Region

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.

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

The isopropyl alcohol market is expected to register a valuation of $8 billion by 2026.

Cleaning agent’s 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.

Dow Chemical, Shell, LG Chem, INEOS, and ExxonMobil are some of the largest producers of isopropyl alcohol.

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.

Isopropyl Alcohol Market Scope

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Premium Report Details

  • Base Year: 2019
  • Companies covered: 14
  • Tables & Figures: 218
  • Countries covered: 21
  • Pages: 230
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