Isopropyl Alcohol Market - Forecast(2024 - 2030)

Report Code: CMR 0995 Report Format: PDF + Excel


Isopropyl Alcohol Market size is forecast to reach $4.87 billion by 2025, after growing at a CAGR of 4.02% during 2020-2025. The growing demand for consumer products, pharmaceuticals, and household cleaning products based on isopropyl alcohol has driven manufacturers to expand production capacity. High volume consumption in solvents combined with capacity growth and new plants will drive growth on the market for isopropyl alcohol during the forecast period.

Isopropyl alcohol commonly called isopropanol or 2-propanol, is a colorlessflammable chemical compound with a strong odorIt is used in the manufacture of a wide variety of industrial and household chemicals, and is a common ingredient in chemicals such as antiseptics, disinfectants, and detergents.

Report Coverage

The report: “Isopropyl Alcohol Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Isopropyl Alcohol Industry.

Key Takeaways

  • The isopropyl alcohol industry is the biggest consumer for the chemical industry for Production of solvents, pigments, alcohol inks, detergents, and other intermediate products.
  • New investment in the chemical industry has been noted in Asia-Pacific, which is expected to increase the isopropyl alcohol market over the forecast period.
  • The expansion of the capacity and installation of new plants is a key market trend.

Application - Segment Analysis

The intermediate segment held the largest share in the Isopropyl Alcohol Market in 2018 Currently, isopropyl alcohol is mostly used to manufacture industrial compounds including acetone, glycerol, isopropyl acetate and methyl isobutyl ketone (MIBK), as an intermediate in the process.

End-user Industry - Segment Analysis

Chemicals segment has been the primary market for Isopropyl Alcohol for many years at a CAGR of 3.02%. Growth in shale gas production in the United States has accelerated growth in the country's chemical industry. The investment in the country's chemical industry was by companies like Covestro and Lotte Chemicals. For example, in October 2018 Covestro announced USD 1.7 billion in investment at Texas chemical plant. In the coming years, this investment in the chemical industry will therefore probably drive the market for isopropyl alcohol.

Geography - Segment Analysis

APAC dominated the Isopropyl Alcohol Market with a share of more than 38%, followed by North America and Europe. Due, to the demand for personal care and cosmetics, driven primarily by the influence of the West, is growing strongly in the Asia-Pacific region. This leads to the increased use of cosmetics by women, increased awareness that it is possible to present due to the increased employment of women and the awareness of hygiene, which has increased the production of such products in the region.

Drivers – Isopropyl Alcohol Market

·         Increasing Usage in the automobile Sector

The global automotive market is growing rapidly, thus increasing the need for isopropyl alcohol. In disinfectants, which include hand sanitizers, surface cleanings and clinical instruments, the compound is used in combination either with ethyl alcohol or N-propyl alcohol. The growth in the economy, the growing awareness of hygiene and the growth of the automotive industry in this area is rising the demand for isopropyl alcohol in developing countries. Isopropyl alcohol has no significant side effects and therefore, particularly in North American and European countries, there are no strict rules against their use.

 Challenges – Isopropyl Alcohol Market

·         Availability of alternate methods

Acetone, it can dissolve other substances, such as plastic usually, it is made of isopropyl alcohol, but it has different properties that make it a solvent and has more advantages like long exposure, acetone fumes are quite toxic. Thus, hamper the growth of Isopropyl Alcohol Market.

Market Landscape

In 2018, the market of Isopropyl Alcohol has been consolidated by the top five players accounting for xx% of the share. Major players in the Isopropyl Alcohol Market are BASF SE, Royal Dutch Shell Plc., Exxon Mobil Corporation, Dow, and Lyondellbasell Industries Holdings B.V., among others. 

1. Isopropyl Alcohol Market - Market Overview
    1.1  Definitions and Scope
2. Isopropyl Alcohol Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends
    2.2 Key trends by Application
    2.3 Key trends by End – Use Industry
    2.4 Key trends by Geography
3. Isopropyl Alcohol Market - Landscape
    3.1 Comparative analysis 
        3.1.1 Market Share Analysis- Top 10 Companies
        3.1.2 Product Benchmarking- Top 10 Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top 10 Companies
        3.1.5 Pricing Analysis
4. Isopropyl Alcohol Market  - Startup companies Scenario Premium Premium  
    4.1 Top 10 startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5  Venture Capital and Funding Scenario
5. Isopropyl Alcohol Market – Industry Market Entry Scenario Premium Premium  
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top 10 companies
6. Isopropyl Alcohol Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Isopropyl Alcohol Market  -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Product life cycle
    7.4 Suppliers and distributors Analysis
8. Isopropyl Alcohol Market – By Application  (Market Size -$Million, KT)
    8.1 Process Solvent
    8.2 Cleaning Agent
    8.3 Coating Solvent
    8.4 Intermediate
    8.5 Others
9. Isopropyl Alcohol Market – By End – Use industry (Market Size -$Million, KT)
    9.1 Cosmetics and Personal Care
    9.2 Pharmaceutical
    9.3 Food and Beverages
    9.4 Paints and Coatings   
    9.5 Chemical
    9.6 Others
10.  Butyl Rubber Market – By Geography (Market Size -$Million, KT)
    10.1 North America
        10.1.1 U.S.
        10.1.2 Canada
        10.1.3 Mexico
    10.2 South America
        10.2.1 Brazil
        10.2.2 Argentina
        10.2.3 Colombia
        10.2.4 Chile
        10.2.5 Rest of South America
    10.3 Europe
        10.3.1 U.K
        10.3.2 Germany
        10.3.3 France
        10.3.4 Italy
        10.3.5 Netherlands
        10.3.6 Russia
        10.3.7 Rest of Europe
    10.4 Asia Pacific
        10.4.1 China
        10.4.2 India
        10.4.3 South Korea  
        10.4.4 Japan
        10.4.5 Rest of Asia Pacific
    10.5 Rest of The World
        10.5.1 Middle East
        10.5.2 Africa
11. Isopropyl Alcohol Market - Entropy
12. Isopropyl Alcohol Market  Company Analysis
    12.1 Market Share, Company Revenue, Products, M&A, Developments
    12.2 Company 1
    12.3 Company 2
    12.4 Company 3
    12.5 Company 4
    12.6 Company 5
    12.7 Company 6
    12.8 Company 7
    12.9 Company 8
    12.10  Company 9
    12.11 Company 10 and more
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