Global Isopropyl Alcohol Market Report and Forecast 2023-2028

Global Isopropyl Alcohol Market Report and Forecast 2023-2028


Market Outlook

According to the report by Expert Market Research (EMR), the global isopropyl alcohol market reached a value of USD 4.48 billion in 2022. Aided by the widespread use of this compound in disinfection, as a solvent, and in the pharmaceutical sector, the market is projected to further grow at a CAGR of 4.3% between 2023 and 2028 to reach a value of USD 5.76 billion by 2028.

Isopropyl alcohol, frequently referred to as rubbing alcohol, is a colourless and flammable compound with a strong odour. It finds extensive application due to its properties of high volatility, quick evaporation, and its ability to dissolve a wide range of non-polar compounds. Commonly used for disinfection and as an antiseptic, it also holds significant importance in the manufacturing of cosmetics, pharmaceuticals, and as a solvent for resins and oils.

One of the primary factors propelling the global isopropyl alcohol market growth is its significant role in the medical and healthcare sectors. In the wake of the recent global health crises, the emphasis on sanitation and disinfection has skyrocketed, leading to a surge in the demand for isopropyl alcohol-based hand sanitisers and disinfectants. The pharmaceutical industry leverages it as a solvent in the production of various medicines and also as a cleaning agent for medical devices.

Additionally, the cosmetic and beauty industry is a robust consumer of isopropyl alcohol. Utilised as a cleaning agent, it ensures that products like make-up brushes are kept bacteria-free. Its use as a solvent in cosmetics ensures stability in formulations and extends the shelf-life of several beauty products.

The electronics industry further accentuates the isopropyl alcohol market demand. Given its rapid evaporation rate and non-residue property, it is an essential component for cleaning and degreasing electronic assemblies and optical devices.

Furthermore, the recent emphasis on sustainable and green solvents in industries and the potential use of isopropyl alcohol in biofuel formulation are predicted to provide a new direction to the isopropyl alcohol market. In terms of region, Asia Pacific holds a significant portion of the isopropyl alcohol market share, owing to the increasing demand for isopropyl alcohol in the construction sector.

Market Segmentation

The market can be divided based on application and region.

Market Breakup by Application
  • Process Solvent
  • Cleaning Agent
  • Intermediate
  • Coating Solvent
  • Others
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global isopropyl alcohol market. Some of the major players explored in the report by Expert Market Research are as follows:
  • Royal Dutch Shell plc
  • The Dow Chemical Company
  • Exxon Mobil Corporation
  • Sasol Limited
  • Chang Chun Group
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.


1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Isopropyl Alcohol Market Analysis
8.1 Key Industry Highlights
8.2 Global Isopropyl Alcohol Historical Market (2018-2022)
8.3 Global Isopropyl Alcohol Market Forecast (2023-2028)
8.4 Global Isopropyl Alcohol Market by Application
8.4.1 Process Solvent
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Cleaning Agent
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Intermediate
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Coating Solvent
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Others
8.5 Global Isopropyl Alcohol Market by Region
8.5.1 Market Share
8.5.1.1 North America
8.5.1.2 Europe
8.5.1.3 Asia Pacific
8.5.1.4 Latin America
8.5.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code: 290512)
12.1 Major Exporting Countries:
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Price Analysis
13.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Royal Dutch Shell plc
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 The Dow Chemical Company
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Exxon Mobil Corporation
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Sasol Limited
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Chang Chun Group
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Isopropyl Alcohol Market: Key Industry Highlights, 2018 and 2028
2. Global Isopropyl Alcohol Historical Market: Breakup by Application (Million Tons), 2018-2022
3. Global Isopropyl Alcohol Market Forecast: Breakup by Application (Million Tons), 2023-2028
4. Global Isopropyl Alcohol Historical Market: Breakup by Region (Million Tons), 2018-2022
5. Global Isopropyl Alcohol Market Forecast: Breakup by Region (Million Tons), 2023-2028
6. North America Isopropyl Alcohol Historical Market: Breakup by Country (Million Tons), 2018-2022
7. North America Isopropyl Alcohol Market Forecast: Breakup by Country (Million Tons), 2023-2028
8. Europe Isopropyl Alcohol Historical Market: Breakup by Country (Million Tons), 2018-2022
9. Europe Isopropyl Alcohol Market Forecast: Breakup by Country (Million Tons), 2023-2028
10. Asia Pacific Isopropyl Alcohol Historical Market: Breakup by Country (Million Tons), 2018-2022
11. Asia Pacific Isopropyl Alcohol Market Forecast: Breakup by Country (Million Tons), 2023-2028
12. Latin America Isopropyl Alcohol Historical Market: Breakup by Country (Million Tons), 2018-2022
13. Latin America Isopropyl Alcohol Market Forecast: Breakup by Country (Million Tons), 2023-2028
14. Middle East and Africa Isopropyl Alcohol Historical Market: Breakup by Country (Million Tons), 2018-2022
15. Middle East and Africa Isopropyl Alcohol Market Forecast: Breakup by Country (Million Tons), 2023-2028
16. Major Exporting Countries by Value
17. Major Importing Countries by Value
18. Major Exporting Countries by Volume
19. Major Importing Countries by Volume
20. North America Historical Price Trends and Forecast 2018-2028
21. Europe Historical Price Trends and Forecast 2018-2028
22. Asia Pacific Historical Price Trends and Forecast 2018-2028
23. Latin America Historical Price Trends and Forecast 2018-2028
24. Middle East and Africa Historical Price Trends and Forecast 2018-2028
25. Global Isopropyl Alcohol Market Structure

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