Global Isopropyl Alcohol Market Size, Share & Trends Analysis Report By Application (Antiseptic & Astringent, Cleaning Agent, Chemical Intermediate, Solvent, and Others) By End Use, By Regional Outlook and Forecast, 2023 - 2030

Global Isopropyl Alcohol Market Size, Share & Trends Analysis Report By Application (Antiseptic & Astringent, Cleaning Agent, Chemical Intermediate, Solvent, and Others) By End Use, By Regional Outlook and Forecast, 2023 - 2030


The Global Isopropyl Alcohol Market size is expected to reach $4.4 billion by 2030, rising at a market growth of 7.7% CAGR during the forecast period. In the year 2022, the market attained a volume of 2,052.31 kilo tonnes, experiencing a growth of 6.9% (2019-2022).

IPA is widely used for cleaning and degreasing electronic components, circuit boards, connectors, and sensitive equipment in electronics manufacturing. Therefore, the electronics segment captured $460.49 million revenue in the market in 2022. It removes flux residues, soldering residues, oils, greases, and contaminants from surfaces without leaving behind residue or damaging electronic components.

Heightened hygiene and sanitation awareness, particularly in response to the COVID-19 pandemic, has increased demand for effective disinfection solutions. Consumers, businesses, and institutions prioritize cleanliness to minimize the risk of illness and infection transmission. Constant surface disinfection and regular hand hygiene have been deemed critical by governments and health organizations across the globe to avert the transmission of contagious illnesses.

Additionally, the rising global semiconductor industry significantly influences the demand for it in critical applications such as cleaning, surface preparation, and wafer fabrication. According to the Semiconductor Industry Association, the global semiconductor industry sales totaled $48.0 billion during November 2023, an increase of 5.3% compared to the November 2022 total of $45.6 billion and 2.9% more than the October 2023 total of $46.6 billion. In conclusion, the expansion of the global semiconductor and electronics industry is propelling the market's growth.

However, fluctuating raw material prices directly impact the profitability of IPA manufacturers. When raw material prices rise, manufacturers may face increased production costs, reduced profit margins, and pricing pressures. Conversely, when raw material prices fall, manufacturers may experience margin compression and competitive challenges in delivering customer cost savings. Fluctuating raw material prices challenge IPA manufacturers' financial planning and risk management. Hence, volatility in raw material prices is impeding the growth of the market.

By Application Analysis

Based on application, the market is divided into antiseptic & astringent, cleaning agent, solvent, chemical intermediate, and others. The solvent segment procured a remarkable revenue share in the market in 2022. IPA is an effective solvent for cleaning and degreasing surfaces, machinery, equipment, and electronic components in industrial settings. It dissolves oils, greases, dirt, and residues without leaving behind residue, making it ideal for precision cleaning applications. IPA is a solvent for inks, dyes, and pigments in the printing, graphic arts, and textile industries. It helps dissolve colorants and facilitate uniform dispersion, ensuring consistent color coverage and print quality.

By End Use Analysis

On the basis of end-use, the market is segmented into cosmetic & personal care, pharmaceutical, food & beverage, paints & coatings, chemicals, electronics, and others. The pharmaceutical segment recorded the largest revenue share in the market in 2022. The rising demand for in the pharmaceutical segment underscores its critical role in infection control, sterilization, drug formulation, and patient care within the healthcare and pharmaceutical industries. As healthcare standards and hygiene practices continue to evolve, IPA remains a vital component of pharmaceutical formulations and medical interventions promoting health, safety, and therapeutic efficacy.

By Regional Analysis

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region generated a substantial revenue share in the market. North America has a well-established healthcare and pharmaceutical industry relies on IPA for various applications. IPA produces pharmaceuticals, disinfectants, antiseptics, and medical devices, supporting healthcare facilities, pharmaceutical manufacturers, and medical research institutions across the region.

List of Key Companies Profiled
  • The Dow Chemical Company
  • LyondellBasell Industries Holdings B.V.
  • Huntsman Corporation
  • Ecolab, Inc.
  • Exxon Mobil Corporation
  • INEOS Group Holdings S.A.
  • LG Chem Ltd. (LG Corporation)
  • Linde plc
  • Shell plc
  • Mitsubishi Chemical Holdings Corporation
Global Isopropyl Alcohol Market Report Segmentation

By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Antiseptic & Astringent
  • Cleaning Agent
  • Chemical Intermediate
  • Solvent
  • Others
By End Use (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Pharmaceutical
  • Cosmetics & Personal Care
  • Food & Beverage
  • Paints & Coatings
  • Electronics
  • Chemicals
  • Others
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Isopropyl Alcohol Market, by Application
1.4.2 Global Isopropyl Alcohol Market, by End Use
1.4.3 Global Isopropyl Alcohol Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Global Isopropyl Alcohol Market by Application
4.1 Global Antiseptic & Astringent Market by Region
4.2 Global Cleaning Agent Market by Region
4.3 Global Chemical Intermediate Market by Region
4.4 Global Solvent Market by Region
4.5 Global Others Market by Region
Chapter 5. Global Isopropyl Alcohol Market by End-use
5.1 Global Pharmaceutical Market by Region
5.2 Global Cosmetics & Personal Care Market by Region
5.3 Global Food & Beverage Market by Region
5.4 Global Paints & Coatings Market by Region
5.5 Global Electronics Market by Region
5.6 Global Chemicals Market by Region
5.7 Global Others Market by Region
Chapter 6. Global Isopropyl Alcohol Market by Region
6.1 North America Isopropyl Alcohol Market
6.1.1 North America Isopropyl Alcohol Market by Application
6.1.1.1 North America Antiseptic & Astringent Market by Country
6.1.1.2 North America Cleaning Agent Market by Country
6.1.1.3 North America Chemical Intermediate Market by Country
6.1.1.4 North America Solvent Market by Country
6.1.1.5 North America Others Market by Country
6.1.2 North America Isopropyl Alcohol Market by End-use
6.1.2.1 North America Pharmaceutical Market by Country
6.1.2.2 North America Cosmetics & Personal Care Market by Country
6.1.2.3 North America Food & Beverage Market by Country
6.1.2.4 North America Paints & Coatings Market by Country
6.1.2.5 North America Electronics Market by Country
6.1.2.6 North America Chemicals Market by Country
6.1.2.7 North America Others Market by Country
6.1.3 North America Isopropyl Alcohol Market by Country
6.1.3.1 US Isopropyl Alcohol Market
6.1.3.1.1 US Isopropyl Alcohol Market by Application
6.1.3.1.2 US Isopropyl Alcohol Market by End-use
6.1.3.2 Canada Isopropyl Alcohol Market
6.1.3.2.1 Canada Isopropyl Alcohol Market by Application
6.1.3.2.2 Canada Isopropyl Alcohol Market by End-use
6.1.3.3 Mexico Isopropyl Alcohol Market
6.1.3.3.1 Mexico Isopropyl Alcohol Market by Application
6.1.3.3.2 Mexico Isopropyl Alcohol Market by End-use
6.1.3.4 Rest of North America Isopropyl Alcohol Market
6.1.3.4.1 Rest of North America Isopropyl Alcohol Market by Application
6.1.3.4.2 Rest of North America Isopropyl Alcohol Market by End-use
6.2 Europe Isopropyl Alcohol Market
6.2.1 Europe Isopropyl Alcohol Market by Application
6.2.1.1 Europe Antiseptic & Astringent Market by Country
6.2.1.2 Europe Cleaning Agent Market by Country
6.2.1.3 Europe Chemical Intermediate Market by Country
6.2.1.4 Europe Solvent Market by Country
6.2.1.5 Europe Others Market by Country
6.2.2 Europe Isopropyl Alcohol Market by End-use
6.2.2.1 Europe Pharmaceutical Market by Country
6.2.2.2 Europe Cosmetics & Personal Care Market by Country
6.2.2.3 Europe Food & Beverage Market by Country
6.2.2.4 Europe Paints & Coatings Market by Country
6.2.2.5 Europe Electronics Market by Country
6.2.2.6 Europe Chemicals Market by Country
6.2.2.7 Europe Others Market by Country
6.2.3 Europe Isopropyl Alcohol Market by Country
6.2.3.1 Germany Isopropyl Alcohol Market
6.2.3.1.1 Germany Isopropyl Alcohol Market by Application
6.2.3.1.2 Germany Isopropyl Alcohol Market by End-use
6.2.3.2 UK Isopropyl Alcohol Market
6.2.3.2.1 UK Isopropyl Alcohol Market by Application
6.2.3.2.2 UK Isopropyl Alcohol Market by End-use
6.2.3.3 France Isopropyl Alcohol Market
6.2.3.3.1 France Isopropyl Alcohol Market by Application
6.2.3.3.2 France Isopropyl Alcohol Market by End-use
6.2.3.4 Russia Isopropyl Alcohol Market
6.2.3.4.1 Russia Isopropyl Alcohol Market by Application
6.2.3.4.2 Russia Isopropyl Alcohol Market by End-use
6.2.3.5 Spain Isopropyl Alcohol Market
6.2.3.5.1 Spain Isopropyl Alcohol Market by Application
6.2.3.5.2 Spain Isopropyl Alcohol Market by End-use
6.2.3.6 Italy Isopropyl Alcohol Market
6.2.3.6.1 Italy Isopropyl Alcohol Market by Application
6.2.3.6.2 Italy Isopropyl Alcohol Market by End-use
6.2.3.7 Rest of Europe Isopropyl Alcohol Market
6.2.3.7.1 Rest of Europe Isopropyl Alcohol Market by Application
6.2.3.7.2 Rest of Europe Isopropyl Alcohol Market by End-use
6.3 Asia Pacific Isopropyl Alcohol Market
6.3.1 Asia Pacific Isopropyl Alcohol Market by Application
6.3.1.1 Asia Pacific Antiseptic & Astringent Market by Country
6.3.1.2 Asia Pacific Cleaning Agent Market by Country
6.3.1.3 Asia Pacific Chemical Intermediate Market by Country
6.3.1.4 Asia Pacific Solvent Market by Country
6.3.1.5 Asia Pacific Others Market by Country
6.3.2 Asia Pacific Isopropyl Alcohol Market by End-use
6.3.2.1 Asia Pacific Pharmaceutical Market by Country
6.3.2.2 Asia Pacific Cosmetics & Personal Care Market by Country
6.3.2.3 Asia Pacific Food & Beverage Market by Country
6.3.2.4 Asia Pacific Paints & Coatings Market by Country
6.3.2.5 Asia Pacific Electronics Market by Country
6.3.2.6 Asia Pacific Chemicals Market by Country
6.3.2.7 Asia Pacific Others Market by Country
6.3.3 Asia Pacific Isopropyl Alcohol Market by Country
6.3.3.1 China Isopropyl Alcohol Market
6.3.3.1.1 China Isopropyl Alcohol Market by Application
6.3.3.1.2 China Isopropyl Alcohol Market by End-use
6.3.3.2 Japan Isopropyl Alcohol Market
6.3.3.2.1 Japan Isopropyl Alcohol Market by Application
6.3.3.2.2 Japan Isopropyl Alcohol Market by End-use
6.3.3.3 India Isopropyl Alcohol Market
6.3.3.3.1 India Isopropyl Alcohol Market by Application
6.3.3.3.2 India Isopropyl Alcohol Market by End-use
6.3.3.4 South Korea Isopropyl Alcohol Market
6.3.3.4.1 South Korea Isopropyl Alcohol Market by Application
6.3.3.4.2 South Korea Isopropyl Alcohol Market by End-use
6.3.3.5 Singapore Isopropyl Alcohol Market
6.3.3.5.1 Singapore Isopropyl Alcohol Market by Application
6.3.3.5.2 Singapore Isopropyl Alcohol Market by End-use
6.3.3.6 Malaysia Isopropyl Alcohol Market
6.3.3.6.1 Malaysia Isopropyl Alcohol Market by Application
6.3.3.6.2 Malaysia Isopropyl Alcohol Market by End-use
6.3.3.7 Rest of Asia Pacific Isopropyl Alcohol Market
6.3.3.7.1 Rest of Asia Pacific Isopropyl Alcohol Market by Application
6.3.3.7.2 Rest of Asia Pacific Isopropyl Alcohol Market by End-use
6.4 LAMEA Isopropyl Alcohol Market
6.4.1 LAMEA Isopropyl Alcohol Market by Application
6.4.1.1 LAMEA Antiseptic & Astringent Market by Country
6.4.1.2 LAMEA Cleaning Agent Market by Country
6.4.1.3 LAMEA Chemical Intermediate Market by Country
6.4.1.4 LAMEA Solvent Market by Country
6.4.1.5 LAMEA Others Market by Country
6.4.2 LAMEA Isopropyl Alcohol Market by End-use
6.4.2.1 LAMEA Pharmaceutical Market by Country
6.4.2.2 LAMEA Cosmetics & Personal Care Market by Country
6.4.2.3 LAMEA Food & Beverage Market by Country
6.4.2.4 LAMEA Paints & Coatings Market by Country
6.4.2.5 LAMEA Electronics Market by Country
6.4.2.6 LAMEA Chemicals Market by Country
6.4.2.7 LAMEA Others Market by Country
6.4.3 LAMEA Isopropyl Alcohol Market by Country
6.4.3.1 Brazil Isopropyl Alcohol Market
6.4.3.1.1 Brazil Isopropyl Alcohol Market by Application
6.4.3.1.2 Brazil Isopropyl Alcohol Market by End-use
6.4.3.2 Argentina Isopropyl Alcohol Market
6.4.3.2.1 Argentina Isopropyl Alcohol Market by Application
6.4.3.2.2 Argentina Isopropyl Alcohol Market by End-use
6.4.3.3 UAE Isopropyl Alcohol Market
6.4.3.3.1 UAE Isopropyl Alcohol Market by Application
6.4.3.3.2 UAE Isopropyl Alcohol Market by End-use
6.4.3.4 Saudi Arabia Isopropyl Alcohol Market
6.4.3.4.1 Saudi Arabia Isopropyl Alcohol Market by Application
6.4.3.4.2 Saudi Arabia Isopropyl Alcohol Market by End-use
6.4.3.5 South Africa Isopropyl Alcohol Market
6.4.3.5.1 South Africa Isopropyl Alcohol Market by Application
6.4.3.5.2 South Africa Isopropyl Alcohol Market by End-use
6.4.3.6 Nigeria Isopropyl Alcohol Market
6.4.3.6.1 Nigeria Isopropyl Alcohol Market by Application
6.4.3.6.2 Nigeria Isopropyl Alcohol Market by End-use
6.4.3.7 Rest of LAMEA Isopropyl Alcohol Market
6.4.3.7.1 Rest of LAMEA Isopropyl Alcohol Market by Application
6.4.3.7.2 Rest of LAMEA Isopropyl Alcohol Market by End-use
Chapter 7. Company Profiles
7.1 The Dow Chemical Company
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.6 SWOT Analysis
7.2 LyondellBasell Industries Holdings B.V.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.6 SWOT Analysis
7.3 Huntsman Corporation
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segment and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 SWOT Analysis
7.4 Ecolab, Inc.
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 SWOT Analysis
7.5 Exxon Mobil Corporation
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 SWOT Analysis
7.6 INEOS Group Holdings S.A.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 SWOT Analysis
7.7 LG Chem Ltd. (LG Corporation)
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 SWOT Analysis
7.8 Linde PLC
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental Analysis
7.8.4 Research & Development Expenses
7.8.5 SWOT Analysis
7.9 Shell plc
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expenses
7.9.5 SWOT Analysis
7.10. Mitsubishi Chemical Holdings Corporation
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental Analysis
7.10.4 Research & Development Expense
7.10.5 SWOT Analysis
Chapter 8. Winning Imperatives for Isopropyl alcohol Market

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