Isopropanol (Cas 67-63-0) Market size was valued at USD 5.12 Billion in 2022 and is projected to reach USD 7.12 Billion by 2030, growing at a CAGR of 5.0% from 2024 to 2030.
The North America Isopropanol (CAS 67-63-0) market is expanding, driven by diverse applications across various industries. Isopropanol, commonly known as isopropyl alcohol, is used in a range of segments, including solvents, chemical intermediates, paints & inks, adhesives, pharmaceuticals, cosmetics, and others. The market is witnessing growing demand due to its versatility in industrial, medical, and household applications. As industries focus on sustainability and the adoption of environmentally friendly alternatives, the isopropanol market in North America is evolving to meet these trends. The region's well-established chemical industry, combined with a rising inclination towards safer, non-toxic substances, is also contributing to the steady growth of this market. The increasing demand for cleaning agents, hand sanitizers, and disinfectants, particularly in the wake of the COVID-19 pandemic, has significantly influenced market dynamics. In this report, we will explore the isopropanol market by its various applications in detail, including the sub-segments: Solvents, Chemical Intermediates, Paints & Inks, Adhesives, Pharmaceuticals, Cosmetics, and Others.
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Isopropanol is widely used as a solvent in a variety of applications due to its ability to dissolve both hydrophilic and hydrophobic substances effectively. As a solvent, it is employed in numerous industries such as pharmaceuticals, automotive, and electronics. It is especially significant in cleaning products, where it acts as a solvent to remove oils, greases, and other residues. Additionally, it is used in the formulation of paints, varnishes, coatings, and cleaning agents. Isopropanol's low toxicity and ability to evaporate quickly without leaving residues make it ideal for use in industrial and commercial cleaning, along with laboratory applications. With an increasing emphasis on the reduction of volatile organic compounds (VOCs), the demand for isopropanol as a solvent is anticipated to rise, particularly in industries aiming to comply with stricter environmental regulations.
The use of isopropanol as a solvent also extends to the production of personal care products such as perfumes and colognes. Its solvent properties help blend various ingredients efficiently and consistently. The solvent's versatile nature makes it highly useful across multiple sub-segments within the solvent market. Moreover, the trend of green chemistry and bio-based solvents is encouraging manufacturers to adopt isopropanol, which offers a more sustainable solution compared to some other conventional solvents. The ongoing advancements in production technologies and sustainable solutions are expected to support continued growth within the solvent application segment of the isopropanol market in North America.
In the chemical industry, isopropanol serves as an important intermediate in the production of acetone and various other chemicals. As a chemical intermediate, isopropanol is utilized in the synthesis of chemicals such as isopropyl acetate, isopropylamine, and glycerol. These chemicals find extensive applications in industries ranging from food production to pharmaceuticals. The growing demand for these chemicals in various manufacturing processes drives the isopropanol market as a key component in the chemical supply chain. With industries constantly evolving and requiring more specialized intermediates, the demand for isopropanol in chemical processes is expected to remain strong, especially in sectors focused on innovation and product development.
Isopropanol is also critical in the manufacturing of various resins and plastics, which are used in a range of industrial applications, from packaging to automotive components. The chemical’s role as an intermediate enables the production of highly durable and versatile materials. Furthermore, as industries aim to reduce production costs and streamline supply chains, isopropanol’s cost-effectiveness and efficiency in chemical synthesis make it a valuable resource. The expanding automotive, packaging, and construction industries are likely to continue driving demand for isopropanol as a chemical intermediate in North America.
The paints and inks industry is a significant consumer of isopropanol, particularly as a solvent in paint formulations. The ability of isopropanol to dissolve resins, pigments, and other components efficiently makes it a key ingredient in both solvent-based and waterborne paints and coatings. The increasing demand for paints and coatings in construction, automotive, and industrial applications is propelling the growth of isopropanol in this sector. Moreover, as the demand for eco-friendly paints rises, isopropanol is playing a crucial role in formulating low-VOC paints that comply with regulatory standards and environmental sustainability goals. The shift toward sustainable building practices and increased spending on construction projects further strengthens the demand for isopropanol in this application.
In the inks sector, isopropanol is utilized in both printing inks and coatings, where it serves as a key solvent for pigments, resins, and additives. The growing packaging industry, particularly the rise of e-commerce, has increased the need for high-quality printing inks. As the trend toward high-performance and eco-friendly printing solutions gains traction, isopropanol remains a popular choice for ensuring the quality and durability of printing products. The ongoing development of advanced printing technologies and eco-conscious practices in the printing industry are expected to provide new opportunities for isopropanol use in paints and inks, further expanding its market potential.
Isopropanol is also widely used in the formulation of adhesives, primarily due to its solvent properties. The adhesive industry relies on isopropanol to dissolve and disperse various polymeric and resin-based compounds that enhance the bonding strength of adhesives. The increasing demand for adhesives in automotive, packaging, and construction industries is driving the use of isopropanol in adhesive formulations. The shift towards high-performance adhesives that offer stronger bonds, flexibility, and longer-lasting results is expected to fuel the demand for isopropanol in this sector. As industries move toward more sustainable adhesive solutions, isopropanol continues to provide an environmentally friendlier option compared to some other solvent alternatives, contributing to its sustained demand in the adhesives market.
Furthermore, isopropanol plays a vital role in the manufacturing of specialty adhesives used in medical and electronics applications. These adhesives need to meet stringent performance standards, including temperature resistance, moisture resistance, and biocompatibility. As technological advancements push the boundaries of adhesive applications, particularly in high-tech and precision industries, the demand for isopropanol-based adhesives is expected to rise. The ongoing growth of end-use industries such as electronics, automotive, and medical devices further supports the expanding role of isopropanol in the adhesive market in North America.
Isopropanol plays an essential role in the pharmaceutical industry, primarily as a solvent, disinfectant, and cleaning agent. It is used in the preparation of oral, topical, and injectable formulations, where its ability to dissolve a wide range of pharmaceutical ingredients enhances the formulation process. Additionally, isopropanol is utilized in pharmaceutical manufacturing facilities for cleaning equipment, surfaces, and tools, ensuring that they remain free from contaminants. The pharmaceutical industry's focus on increasing production efficiency and complying with stringent hygiene and safety standards drives the demand for isopropanol in various pharmaceutical applications.
The growing global healthcare sector and the ongoing development of new therapeutic products are expected to continue propelling the demand for isopropanol in the pharmaceutical market. Moreover, as the healthcare industry increasingly focuses on safety and quality assurance, the use of isopropanol in sanitization and infection control processes is expected to remain critical. The need for reliable and effective disinfectants in pharmaceutical manufacturing plants, especially in light of the COVID-19 pandemic, has strengthened the market for isopropanol-based products in the healthcare sector. The future outlook remains strong for the pharmaceutical application of isopropanol in North America.
Isopropanol is extensively used in the cosmetics industry as a solvent and disinfectant. It is a common ingredient in skincare, haircare, and fragrance products, where it helps dissolve active ingredients and ensures proper formulation. Isopropanol’s ability to evaporate quickly and leave no residue makes it ideal for products such as perfumes, deodorants, and a wide range of other cosmetic formulations. The growing consumer preference for personal care products with fast-drying and non-greasy finishes contributes to the continued demand for isopropanol in the cosmetics market. Furthermore, as consumers are becoming more conscious of the ingredients in their beauty and skincare products, the increasing shift towards natural and organic ingredients is also influencing the use of isopropanol in formulations, as it is considered safer compared to other chemical solvents.
The expanding global beauty and personal care market, coupled with the trend of DIY skincare and the rise of e-commerce, presents growth opportunities for isopropanol in cosmetics. With the increasing demand for alcohol-based hand sanitizers and disinfectants, especially due to the COVID-19 pandemic, isopropanol has become even more integral in the cosmetics industry. The focus on skincare products that combine effectiveness with safety and minimal environmental impact will likely continue to drive innovation in isopropanol-based cosmetic formulations in North America.
The "Others" category in the North American isopropanol market includes applications in industries such as electronics, textiles, and cleaning products. Isopropanol’s use in electronics primarily revolves around cleaning and degreasing, as it effectively removes oils, dirt, and flux residues from electronic components. Additionally, in the textile industry, isopropanol is used in dyeing and finishing processes, where it helps dissolve pigments and enhance the texture of fabrics. The widespread use of isopropanol in cleaning products, particularly in disinfectants and sanitizers, also contributes to the growth of this segment, as demand for sanitizing agents continues to rise across various sectors, including retail, hospitality, and healthcare.
Furthermore, isopropanol finds use in laboratory and research applications, where it serves as a solvent for various chemicals and as a disinfectant for laboratory surfaces. The need for precise and effective cleaning solutions in scientific research, coupled with the growth of laboratory-based studies and biotechnology research, drives the demand for isopropanol in these sectors. Overall, the "Others" segment is anticipated to witness steady growth as industries continue to recognize the utility of isopropanol in diverse applications beyond the core industrial uses.
The North American isopropanol market is undergoing several key trends that are reshaping the industry landscape. One notable trend is the growing demand for environmentally friendly and sustainable products, which is leading to the adoption of bio-based isopropanol derived from renewable resources. As industries seek to reduce their environmental footprint, the development of sustainable production processes is expected to fuel the demand for green isopropanol. Additionally, the increasing prevalence of antimicrobial and sanitizing products, particularly in the wake of the global pandemic, has significantly boosted the consumption of isopropanol in disinfectants and cleaning agents. This trend is anticipated to continue, especially in healthcare, industrial, and consumer cleaning applications.
Another significant trend is the rising importance of innovation in isopropanol-based products, particularly in the cosmetics, pharmaceuticals, and automotive industries. As consumer preferences evolve toward multifunctional and high-performance products, the demand for advanced formulations that incorporate isopropanol is expected to grow. Moreover, the continued expansion of e-commerce platforms, which facilitate the distribution of isopropanol-based consumer goods, is likely to further accelerate market growth. These trends indicate a dynamic and evolving market, with significant opportunities for both established and new players in the isopropanol industry.
There are several promising opportunities for growth in the North American isopropanol market. One such opportunity lies in the increased adoption of isopropanol in sustainable and green products. As regulations surrounding VOCs tighten, the demand for bio-based isopropanol is expected to rise, offering manufacturers the chance to meet consumer demand for eco-friendly products. Additionally, the expansion of the healthcare sector, particularly in personal care, hand sanitizers, and disinfectants, presents significant growth prospects for isopropanol. The ongoing trend toward higher hygiene standards and the growing awareness of infection prevention are expected to boost the market for isopropanol in these sectors.
Moreover, the automotive and electronics industries present significant opportunities for isopropanol as a cleaning and degreasing agent. As these industries continue to innovate and develop new technologies, the need for high-quality, effective solvents will continue to drive demand for isopropanol. The rise of e-commerce and the demand for packaging materials further create opportunities for isopropanol in the printing and adhesives industries. With the expansion of these industries and increasing consumer demand for innovative products, the North American isopropanol market is poised for continued growth.
What is isopropanol used for?
Isopropanol is commonly used as a solvent, disinfectant, and cleaning agent in various industries, including pharmaceuticals, cosmetics, and automotive.
Is isopropanol environmentally friendly?
Isopropanol can be considered environmentally friendly when derived from renewable resources, and its low toxicity makes it a safer alternative to some other solvents.
What industries use isopropanol?
Isopropanol is used in industries such as pharmaceuticals, cosmetics, adhesives, paints & inks, and cleaning products.
Is isopropanol safe for skin?
When used in appropriate concentrations, isopropanol is safe for skin, but overexposure can cause dryness or irritation.
What is the difference between isopropanol and ethanol?
Isopropanol and ethanol are both alcohols, but isopropanol is commonly used as a disinfectant and solvent, whereas ethanol is more widely used in beverages and fuel.
Can isopropanol be used as a disinfectant?
Yes, isopropanol is widely used as a disinfectant due to its ability to kill bacteria, viruses, and fungi effectively.
Is isopropanol flammable?
Yes, isopropanol is highly flammable and should be handled with caution near open flames or heat sources.
How is isopropanol produced?
Isopropanol is typically produced through the hydration of propene, a byproduct of petroleum refining.
What are the health risks of isopropanol?
Ingesting or inhaling high concentrations of isopropanol can be harmful, causing symptoms like dizziness, headaches, and respiratory issues.
How is isopropanol used in cosmetics?
Isopropanol is used in cosmetics as a solvent for active ingredients and to create quick-drying, non-greasy formulations in products like perfumes and deodorants.
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Top Isopropanol (Cas 67-63-0) Market Companies
Shell
Dow Chemical
Exxon Mobil
Sasol
BASF
CNPC
Eastman Chemical
Mitsui Chemicals
LG Chem
Zibo Nuoao Chemical
Lyondellbasell
Novacap
Oxea-chemical
Tokuyama Corporation
Zhejiang Xinhua Chemical
Market Size & Growth
Strong market growth driven by innovation, demand, and investment.
USA leads, followed by Canada and Mexico.
Key Drivers
High consumer demand and purchasing power.
Technological advancements and digital transformation.
Government regulations and sustainability trends.
Challenges
Market saturation in mature industries.
Supply chain disruptions and geopolitical risks.
Competitive pricing pressures.
Industry Trends
Rise of e-commerce and digital platforms.
Increased focus on sustainability and ESG initiatives.
Growth in automation and AI adoption.
Competitive Landscape
Dominance of global and regional players.
Mergers, acquisitions, and strategic partnerships shaping the market.
Strong investment in R&D and innovation.
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