The global Isopropyl Alcohol (IPA) market has expanded to reach approximately 3964 thousand tonnes in 2024 and is anticipated to grow at an impressive CAGR of 3.22% during the forecast period until 2035. Moreover, rapid industrialization and infrastructural investments creating a huge demand for solvents across the major economies are likely to create a strong demand for IPA from 2024-2035.Ìý
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IPA is a clear colorless liquid easily miscible with water, ethanol, ethers, and other solvents. IPA can be produced through three routes, viz., indirect hydration of Propylene, direct hydration of Propylene and catalytic hydrogenation of Acetone. Among these Propylene-based IPA remains the most used production process in the current market scenario. Acetone-based IPA is on the verge of phasing out. Among various grades of IPA available, Industrial grade IPA is the most extensive kind owing to its usage as a solvent and chemical intermediate.Ìý
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Being highly evaporative and extremely safe to use, IPA is also used for sterilization applications in the healthcare and pharma sectors. Increasing purchasing power of consumers would create a need for higher consumption of IPA and IPA-based derivatives in cosmetics and personal care products. Also, the electronics sector employs IPA as a cleaning agent and is anticipated to grow at a significant rate throughout the projection period due to the significant increase in technological penetration in developing nations. Owing to these reasons, the IPA demand is estimated to reach about 4164 thousand tonnes by 2035.Ìý
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The Asia Pacific region dominates the Isopropyl Alcohol (IPA) market in terms of consumption, followed by Europe. As of 2024, this region consumed approximately 44% of the market. The Asia Pacific region is the fastest-growing region among all other regions and expected to hold the maximum share of demand in the forecast period owing to rapid industrialization, growing population and a large consumer base in the region. IPA’s multi-faceted application across several industries is expected to push demand for the product to high levels during the forecast period.
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Based on the end-use, the global Isopropyl Alcohol (IPA) market is segregated into Pharmaceuticals, Cosmetics & Personal Care, Chemicals, Paints & coatings, and Others. Among these industries, the pharmaceuticals industry holds the largest market share of IPA. In 2024, the pharmaceuticals industry displayed a consumption of 42%. IPA finds its application in the cleaning and disinfectant parts of the pharmaceuticals industry and is anticipated to display the similar trend in the future owing to sanitation practice among population across the globe.Ìý
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Major players in the production of Global Isopropyl Alcohol (IPA) areÌý Dow Chemicals, Exxon Mobil, Deepak Fertilizers and Petrochemicals Corporation Ltd., Jiande Xinhua Chemical, Kellin Chemical, Shell Eastern Petroleum Pte Ltd, JX Nippon Oil and Energy, Tasco Chemicals, Seqens, LCY Chemicals, Yancheng Super Chemical Technology Co.,Ltd., Dezhou Detain Chemical and others.Ìý
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Years considered for this report:
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Historical Period: 2015- 2023
Base Year: 2024
Estimated Year: 2025
Forecast Period: 2026-2035
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Objective of the Study:Ìý
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• To assess the demand-supply scenario of Isopropyl Alcohol (IPA) which covers production, demand and supply of Isopropyl Alcohol (IPA) market in the globe.
• To analyse and forecast the market size of Isopropyl Alcohol (IPA)Ìý Ìý
• To classify and forecast Global Isopropyl Alcohol (IPA) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Isopropyl Alcohol (IPA) market in the globe.
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To extract data for Global Isopropyl Alcohol (IPA) market, primary research surveys were conducted with Isopropyl Alcohol (IPA) manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ¹û½´ÊÓÆµ was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ¹û½´ÊÓÆµ analyzed various segments and projected a positive outlook for Global Isopropyl Alcohol (IPA) market over the coming years.Ìý
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¹û½´ÊÓÆµ calculated Isopropyl Alcohol (IPA) demand in the globe by analyzing the historical data and demand forecast which was carried out considering the historical extraction and supply and demand of Isopropyl Alcohol (IPA) across the globe. ¹û½´ÊÓÆµ sourced these values from industry experts, and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ¹û½´ÊÓÆµ.Ìý
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Key Target Audience:
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• Isopropyl Alcohol (IPA) manufacturers and other stakeholders
• Organizations, forums and alliances related to Isopropyl Alcohol (IPA) distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
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The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Isopropyl Alcohol (IPA) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
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Report Scope:
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In this report, the Global Isopropyl Alcohol (IPA) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:Ìý
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Attribute
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Details
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Market size Volume in 2024
3964 thousand tonnes
Market size Volume by 2035
4164 thousand tonnes
Growth Rate
CAGR of 3.22% from 2024 to 2035
Base year for estimation
2024
Historic Data
2015Ìý– 2024
Forecast period
2026 – 2035
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2035
Report coverage
Industry Market Size, Capacity By Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End-Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share
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Segments covered
By End-Use: (Pharmaceuticals, Cosmetics & Personal Care, Chemicals, Paints & coatings, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
With the given market data, ¹û½´ÊÓÆµ offers customizations according to a company’s specific needs.
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In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com
Market Data & Insights
Table of Content
1. Industry Market SizeÌý
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Isopropyl Alcohol (IPA) market in terms of value and volume.
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2. Capacity By CompanyÌý
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Isopropyl Alcohol (IPA).
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3. Capacity By LocationÌý
To better understand the regional supply of Isopropyl Alcohol (IPA) by analyzing its manufacturers' location-based capacity.
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4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
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5. Production By CompanyÌý
Study the historical annual production of Isopropyl Alcohol (IPA) by the leading players and forecast how it will grow in the coming years.
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6. Demand by End- UseÌý
Discover which end-user industry (Pharmaceuticals, Cosmetics & Personal Care, Chemicals, Paints & coatings, and Others) are creating a market and the forecast for the growth of the Isopropyl Alcohol (IPA) market.Ìý
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7. Demand by Region
Analyzing the change in demand of Isopropyl Alcohol (IPA) in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.Ìý
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8. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Isopropyl Alcohol (IPA). Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
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9. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Isopropyl Alcohol (IPA).
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10. Company Share
Figure out what proportion of the market share of Isopropyl Alcohol (IPA) is currently held by leading players across the globe.Ìý
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into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What is the expected global market size of Isopropyl Alcohol (IPA) in terms of volume for 2035?Ìý
Ans:
The global market size of Isopropyl Alcohol (IPA) is anticipated to reach approximately 4164 thousand tonnes by 2035.
Q2.
Which end-use industry is dominating the Global Isopropyl Alcohol (IPA) market?
Ans:
The Pharmaceuticals industry is dominating the Isopropyl Alcohol (IPA) market and captured approximately 42% of the market in 2022.Ìý
Q3.
Do you offer single or multiuser license?
Ans:
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Ans:
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