Isopropyl Alcohol Market size is estimated to be USD 15.5 Billion in 2024 and is expected to reach USD 23.2 Billion by 2033 at a CAGR of 5.9% from 2026 to 2033.
The global Isopropyl Alcohol market was valued at USD 5.12 billion in 2022, with a projected compound annual growth rate (CAGR) of 6.5% during the forecast period of 2023 to 2030. The increasing demand for Isopropyl Alcohol in industries such as pharmaceuticals, cosmetics, and chemicals is driving market growth. In the pharmaceutical sector, Isopropyl Alcohol is widely used as a disinfectant and solvent, while its application in the manufacturing of personal care products and cleaning agents contributes significantly to market expansion. The automotive and electronics industries are also notable consumers of Isopropyl Alcohol for cleaning and degreasing purposes, further pushing the markets upward trajectory. As a result, the global market is projected to reach USD 9.21 billion by 2030, with consistent growth throughout the coming years. The regional analysis indicates that North America holds the largest market share of Isopropyl Alcohol, accounting for approximately 35% of the total market in 2022. This is primarily due to the strong presence of the healthcare, pharmaceutical, and electronics industries in the region. Following North America, Europe and Asia Pacific represent significant markets for Isopropyl Alcohol, driven by increasing industrial activities and growing consumer demand. Asia Pacific, in particular, is expected to witness the highest growth rate, with a CAGR of 7.2%, driven by the rising demand from emerging economies like China and India. The increasing application of Isopropyl Alcohol in the automotive, healthcare, and cosmetics industries is expected to fuel this growth, alongside the growing trend of cleaning and disinfecting in the region.
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Carboclor
Dow Chemicals
ISU Chemicals
LG Chem
Mitsui Chemicals
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Isopropyl Alcohol Market
Industrial Grade
Pharmaceutical Grade
Cosmetic Grade
Disinfectants and Antiseptics
Solvents
Personal Care Products
Cleaning Agents
Food Industry
Healthcare
Automotive
Electronics
Cosmetics and Personal Care
Food and Beverages
70% Isopropyl Alcohol
91% Isopropyl Alcohol
99% Isopropyl Alcohol
Online Retail
Offline Retail
Wholesale
Direct Sales
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Isopropyl Alcohol Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Isopropyl Alcohol Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Isopropyl Alcohol Market, By Type
6. Global Isopropyl Alcohol Market, By Application
7. Global Isopropyl Alcohol Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Isopropyl Alcohol Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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