イソプロピルアルコールの市場規模、シェア、動向、予測：用途別、産業別、地域別、2025～2033年

世界のイソプロピルアルコールの市場規模は2024年に48億米ドルとなりました。今後、IMARC Groupは、同市場が2033年までに64億米ドルに達し、2025～2033年にかけて3.3％のCAGRを示すと予測しています。現在、アジアが市場を独占しており、2024年には40.0%以上の大きな市場シェアを占めています。再生可能で持続可能な原材料調達への注目の高まり、個人衛生の維持と感染予防を目的とした手指消毒剤の利用率の上昇、エレクトロニクス産業における半導体や各種電気部品の生産増加などが、イソプロピルアルコール市場シェアを押し上げる主な要因となっています。

イソプロピルアルコール（IPA）市場は、その防腐・殺菌特性による医薬品、化粧品、ヘルスケア分野からの需要増加が牽引しています。COVID-19の大流行により、除菌剤や洗浄剤での使用が大幅に増加しました。IPAが溶剤として使用されるエレクトロニクス産業の成長が市場をさらに後押ししています。これとともに、衛生と感染予防に対する意識の高まりとヘルスケアインフラの拡大も需要に寄与しています。さらに、生産技術の進歩や原材料の入手可能性も市場の拡大を支えています。2024年6月9日、Cepsaとその事業は、スペインのパロス・デ・ラ・フロンテーラに年間生産能力8万トンの7,500万ユーロ（約8,175万米ドル）のイソプロピルアルコール（IPA）製造施設の建設を開始しました。2025年末に完成予定のこの工場では、グリーン水素を使用して、ハイドロアルコールジェル、洗浄剤、その他の用途に使用される持続可能なIPAを生産します。このプログラムは、再生可能なIPAの戦略的独立を達成するというスペインの目標の一部です。米国は、ヘルスケア、エレクトロニクス、洗浄剤など、幅広い産業分野での用途が原動力となり、主要な地域市場として際立っています。衛生と感染対策への関心の高まりに後押しされた消毒剤と除菌剤の需要増が、依然として主要な成長要因となっています。製薬業界では製造や滅菌処理にIPAが使用され、エレクトロニクス業界では精密部品の洗浄剤としてIPAが使用されています。IMARC Groupの調査報告書によると、米国のパワーエレクトロニクス市場は2024～2032年に7.10%の成長率（CAGR）を示します。産業活動の拡大と技術の進歩が需要をさらに高めています。さらに、原材料の入手可能性と効率的な生産方法が市場の成長を支えています。

イソプロピルアルコール市場の動向

医薬品・ヘルスケア分野での需要拡大

医薬品・ヘルスケア分野での需要拡大は、現在イソプロピルアルコール市場の拡大に大きな好影響を及ぼしています。報告によると、2022年、製薬産業は世界のGDPに2兆2,950億米ドル貢献し、そのうち直接貢献は7,550億米ドル（世界GDPの0.7％）でした。研究開発活動だけでも2,270億米ドルが追加され、直接貢献の30％を占めています。このほか、イソプロピルアルコールは医薬品やヘルスケア関連製品の製造に不可欠な要素であり、ヘルスケアインフラや医療の進歩に対する世界的な関心の高まりにより、消費が増加しています。また、製薬分野での継続的な研究開発活動により、様々な医薬品製剤プロセスにおいて不可欠な溶媒として機能する高品質のイソプロピルアルコールの安定供給が必要とされています。製薬業界における継続的な革新と拡大が、イソプロピルアルコールの需要増加を支えています。

再生可能で持続可能な原料調達への注目の高まり

再生可能で持続可能な原料調達への注目の高まりは、イソプロピルアルコール市場の成長に好影響を及ぼしています。これに加えて、イソプロピルアルコールの生産において、バイオベースまたは再生可能な原料を好む傾向が強まっています。例えば、BASFは2024年6月にバイオマスバランス型エコフレックス（PBAT）を導入し、製品カーボンフットプリント（PCF）を60%削減しました。認定バイオマスバランス（BMB）アプローチにより廃棄物ベースの再生可能原料を使用するこのドロップインソリューションは、同一の性能、加工性、生分解特性を維持し、包装における持続可能性と循環経済の取り組みを推進しています。メーカーは、イソプロピルアルコール合成の主要原料である従来の化石燃料由来のプロピレンに代わるものを積極的に模索しています。これには、バイオマス、農業残渣、廃棄物などの再生可能資源の利用が含まれます。イソプロピルアルコール業界は、このような持続可能な調達方法を採用することで、二酸化炭素排出量を減らし、有限な資源への依存を軽減することが求められています。さらに、イソプロピルアルコールの生産に持続可能な原材料を採用することは、IPAが重要な溶剤や洗浄剤としての役割を果たす医薬品、化粧品、エレクトロニクス機器など、様々な業界の持続可能性の目標に合致しています。

感染症の蔓延を防ぐための手指消毒剤の利用増加

感染症の蔓延を防ぐための手指消毒剤の利用増加は、現在イソプロピルアルコール市場の成長にプラスの影響を与えています。世界の手指消毒剤の市場規模は2024年に50億米ドルに達しました。これに加えて、手指消毒剤の需要は、イソプロピルアルコールの生産ニーズの増加に直結します。イソプロピルアルコールのメーカーは、手指消毒剤メーカーや様々な用途でこの必須化学化合物に依存している他の産業からの高まる需要に応えようと努力しているため、継続的な受注の増加を経験しています。さらに、ヘルスケア施設、公共スペース、家庭における厳格な衛生基準の維持が、手指消毒剤、ひいてはイソプロピルアルコールの需要をさらに支えています。

目次

第1章 序文

第2章 調査範囲と調査手法

• 調査の目的
• ステークホルダー
• データソース
  • 一次情報
  • 二次情報
• 市場推定
  • ボトムアップアプローチ
  • トップダウンアプローチ
• 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

• 概要
• 物理的および化学的性質
• 主要業界動向

第5章 世界のイソプロピルアルコール産業

• 市場概要
• 市場実績
  • 数量動向
  • 金額動向
• COVID-19の影響
• 価格分析
  • 主要価格指標
  • 価格構造
  • 価格動向
• 市場内訳：地域別
• 市場内訳：用途別
• 市場内訳：産業別
• 市場予測
• SWOT分析
  • 概要
  • 強み
  • 弱み
  • 機会
  • 脅威
• バリューチェーン分析
  • 原材料調達
  • 製造
  • 流通
  • 輸出
  • 最終用途
• ポーターのファイブフォース分析
  • 概要
  • 買い手の交渉力
  • 供給企業の交渉力
  • 競合の程度
  • 新規参入業者の脅威
  • 代替品の脅威
• 貿易データ
  • 輸入品
  • 輸出
• 市場促進要因と成功要因

第6章 主要地域の実績

• アジア
  • 市場動向
  • 市場予測
• 北米
  • 市場動向
  • 市場予測
• 欧州
  • 市場動向
  • 市場予測
• 南米
  • 市場動向
  • 市場予測
• その他
  • 市場動向
  • 市場予測

第7章 市場内訳：用途別

• プロセス溶剤
• 洗浄剤
• コーティング溶剤
• 中間体
• その他

第8章 市場内訳：産業別

• 化粧品・パーソナルケア
• 医薬品
• 食品・飲料
• 塗料・コーティング
• 化学
• その他

第9章 競合情勢

• 市場構造
• 主要企業の生産能力
• 主要企業のプロファイル
  • The Dow Chemical company
  • Exxon Mobil
  • Shell Chemicals Europe B.V.
  • INEOS Enterprises Group Limited
  • Super Chemical Technology Co. Ltd.

第10章 イソプロピルアルコール製造プロセス

• 製品概要
• 関与する化学反応
• 製造プロセス
• 詳細なプロセスフロー
• 原材料の必要量
• 質量バランスと原料転換率

第11章 イソプロピルアルコール原料市場分析

• プロピレン
  • 市場実績
    • 数量動向
    • 金額動向
  • 価格動向
  • 市場内訳：地域別
  • 市場内訳：用途別
  • 主要サプライヤー
• アセトン
  • 市場実績
    • 数量動向
    • 金額動向
  • 価格動向
  • 内訳：地域別
  • 市場内訳：用途別
  • 主要サプライヤー

List of Figures

• Figure 1: Global: Isopropyl Alcohol Market: Major Drivers and Challenges
• Figure 2: Global: Isopropyl Alcohol Market: Production Volume (in Million Tons), 2019-2024
• Figure 3: Global: Isopropyl Alcohol Market: Production Value (in Billion USD), 2019-2024
• Figure 4: Global: Isopropyl Alcohol Market: Average Price Trends (in USD/Ton), 2019-2024
• Figure 5: Global: Isopropyl Alcohol Market Forecast: Average Price Trends (in USD/Ton), 2025-2033
• Figure 6: Isopropyl Alcohol Market: Price Structure
• Figure 7: Global: Isopropyl Alcohol Market: Production Breakup by Region (in %), 2024
• Figure 8: Global: Isopropyl Alcohol Market: Consumption Breakup by Region (in %), 2024
• Figure 9: Global: Isopropyl Alcohol Market: Breakup by Application (in %), 2024
• Figure 10: Global: Isopropyl Alcohol Market: Breakup by Industry (in %), 2024
• Figure 11: Global: Isopropyl Alcohol Market Forecast: Production Volume (in Million Tons), 2025-2033
• Figure 12: Global: Isopropyl Alcohol Market Forecast: Production Value (in Billion USD), 2025-2033
• Figure 13: Global: Isopropyl Alcohol Industry: SWOT Analysis
• Figure 14: Global: Isopropyl Alcohol Industry: Value Chain Analysis
• Figure 15: Global: Isopropyl Alcohol Industry: Porter's Five Forces Analysis
• Figure 16: Global: Isopropyl Alcohol Market: Import Volume Breakup by Country (in %), 2024
• Figure 17: India: Isopropyl Alcohol Market: Import Volume Trend (in Tons), 2019-2024
• Figure 18: Global: Isopropyl Alcohol Market: Export Volume Breakup by Country (in %), 2024
• Figure 19: USA: Isopropyl Alcohol Market: Export Volume Trend (in Tons), 2019-2024
• Figure 20: Asia: Isopropyl Alcohol Market: Volume Trends (in '000 Tons), 2019 & 2024
• Figure 21: Asia: Isopropyl Alcohol Market Forecast: Volume Trends (in '000 Tons), 2025-2033
• Figure 22: North America: Isopropyl Alcohol Market: Volume Trends (in '000 Tons), 2019 & 2024
• Figure 23: North America: Isopropyl Alcohol Market Forecast: Volume Trends (in '000 Tons), 2025-2033
• Figure 24: Europe: Isopropyl Alcohol Market: Volume Trends (in '000 Tons), 2019 & 2024
• Figure 25: Europe: Isopropyl Alcohol Market Forecast: Volume Trends (in '000 Tons), 2025-2033
• Figure 26: South America: Isopropyl Alcohol Market: Volume Trends (in '000 Tons), 2019 & 2024
• Figure 27: South America: Isopropyl Alcohol Market Forecast: Volume Trends (in '000 Tons), 2025-2033
• Figure 28: Others: Isopropyl Alcohol Market: Volume Trends (in '000 Tons), 2019 & 2024
• Figure 29: Others: Isopropyl Alcohol Market Forecast: Volume Trends (in '000 Tons), 2025-2033
• Figure 30: Global: Isopropyl Alcohol Market (as Process Solvent): Volume Trends (in '000 Tons), 2019 & 2024
• Figure 31: Global: Isopropyl Alcohol Market Forecast (as Process Solvent): Volume Trends (in '000 Tons), 2025-2033
• Figure 32: Global: Isopropyl Alcohol Market (as Cleaning Agent): Volume Trends (in '000 Tons), 2019 & 2024
• Figure 33: Global: Isopropyl Alcohol Market Forecast (as Cleaning Agent): Volume Trends (in '000 Tons), 2025-2033
• Figure 34: Global: Isopropyl Alcohol Market (as Coating Solvent): Volume Trends (in '000 Tons), 2019 & 2024
• Figure 35: Global: Isopropyl Alcohol Market Forecast (as Coating Solvent): Volume Trends (in '000 Tons), 2025-2033
• Figure 36: Global: Isopropyl Alcohol Market (as Intermediate): Volume Trends (in '000 Tons), 2019 & 2024
• Figure 37: Global: Isopropyl Alcohol Market Forecast (as Intermediate): Volume Trends (in '000 Tons), 2025-2033
• Figure 38: Global: Isopropyl Alcohol Market (Other Applications): Volume Trends (in '000 Tons), 2019 & 2024
• Figure 39: Global: Isopropyl Alcohol Market Forecast (Other Applications): Volume Trends (in '000 Tons), 2025-2033
• Figure 40: Global: Isopropyl Alcohol Market (Cosmetic and Personal care industry): Volume Trends (in '000 Tons), 2019 & 2024
• Figure 41: Global: Isopropyl Alcohol Market Forecast (Cosmetic and Personal care industry): Volume Trends (in '000 Tons), 2025-2033
• Figure 42: Global: Isopropyl Alcohol Market (Pharmaceutical industry): Volume Trends (in '000 Tons), 2019 & 2024
• Figure 43: Global: Isopropyl Alcohol Market Forecast (Pharmaceutical industry): Volume Trends (in '000 Tons), 2025-2033
• Figure 44: Global: Isopropyl Alcohol Market (Food and Beverage industry): Volume Trends (in '000 Tons), 2019 & 2024
• Figure 45: Global: Isopropyl Alcohol Market Forecast (Food and Beverage industry): Volume Trends (in '000 Tons), 2025-2033
• Figure 46: Global: Isopropyl Alcohol Market (Paints and Coatings industry): Volume Trends (in '000 Tons), 2019 & 2024
• Figure 47: Global: Isopropyl Alcohol Market Forecast (Paints and Coatings industry): Volume Trends (in '000 Tons), 2025-2033
• Figure 48: Global: Isopropyl Alcohol Market (Chemical industry): Volume Trends (in '000 Tons), 2019 & 2024
• Figure 49: Global: Isopropyl Alcohol Market Forecast (Chemical industry): Volume Trends (in '000 Tons), 2025-2033
• Figure 50: Global: Isopropyl Alcohol Market (Other industries): Volume Trends (in '000 Tons), 2019 & 2024
• Figure 51: Global: Isopropyl Alcohol Market Forecast (Other industries): Volume Trends (in '000 Tons), 2025-2033
• Figure 52: Isopropyl Alcohol Manufacturing: Detailed Process Flow
• Figure 53: Isopropyl Alcohol Manufacturing: Conversion Rate of Feedstocks
• Figure 54: Global: Propylene Market: Production Volume Trends (in Million Tons), 2019-2024
• Figure 55: Global: Propylene Market: Production Value Trends (in Million USD), 2019-2024
• Figure 56: Global: Propylene Market: Average Price Trends (in USD/Ton), 2019-2024
• Figure 57: Global: Propylene Market Forecast: Average Price Trends (in USD/Ton), 2025-2033
• Figure 58: Global: Propylene Market: Breakup by Region (in %), 2024
• Figure 59: Global: Propylene Market: Breakup by End-Use (in %), 2024
• Figure 60: Global: Acetone Market: Volume Trends (in Million Tons), 2019-2024
• Figure 61: Global: Acetone Market: Value Trends (in Million USD), 2019-2024
• Figure 62: Global: Acetone Market: Average Price Trends (in USD/Ton), 2019-2024
• Figure 63: Global: Acetone Market Forecast: Average Price Trends (in USD/Ton), 2025-2033
• Figure 64: Global: Acetone Market: Breakup by Region (in %), 2024
• Figure 65: Global: Acetone Market: Breakup by End-Use (in %), 2024

List of Tables

• Table 1: Isopropyl Alcohol: Chemical Properties
• Table 2: Isopropyl Alcohol: Physical Properties
• Table 3: Global: Isopropyl Alcohol Market: Key Industry Highlights, 2024 and 2033
• Table 4: Isopropyl Alcohol: Applications of Isopropyl Alcohol as a Solvent
• Table 5: Global: Isopropyl Alcohol Market Forecast: Breakup by Region (in '000 Tons), 2025-2033
• Table 6: Global: Isopropyl Alcohol Market Forecast: Breakup by Application (in '000 Tons), 2025-2033
• Table 7: Global: Isopropyl Alcohol Market Forecast: Breakup by Industry (in '000 Tons), 2025-2033
• Table 8: Global: Isopropyl Alcohol Market: Competitive Structure
• Table 9: Global: Isopropyl Alcohol Market: Key Players
• Table 10: Global: Isopropyl Alcohol Market: Imports by Major Countries
• Table 11: Global: Isopropyl Alcohol Market: Exports by Major Countries
• Table 12: Global: Isopropyl Alcohol Market: Capacity of Major Players (in Tons)
• Table 13: Isopropyl Alcohol Manufacturing Process: Raw Material Requirements
• Table 14: Isopropyl Alcohol Manufacturing Process: Chemical Reactions Involved
• Table 15: Global: Propylene Market: Capacity of Major Players (in Million Tons)
• Table 16: Global: Acetone Market: Capacity of Major Players (in Tons)

The global isopropyl alcohol market size was valued at USD 4.8 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 6.4 Billion by 2033, exhibiting a CAGR of 3.3% during 2025-2033. Asia currently dominates the market, holding a significant market share of over 40.0% in 2024. The growing focus on renewable and sustainable sourcing of raw materials, rising utilization of hand sanitizers to maintain personal hygiene and prevent infections, and increasing production of semiconductors and various electrical components in the electronics industry are some of the major factors propelling the isopropyl alcohol market share.

The isopropyl alcohol (IPA) market is driven by increasing demand from the pharmaceutical, cosmetics, and healthcare sectors due to its antiseptic and disinfectant properties. The COVID-19 pandemic significantly enhanced its use in sanitizers and cleaning products. Growth in the electronics industry, where IPA is used as a solvent, further propels the market. Along with this, rising awareness of hygiene and infection prevention, coupled with expanding healthcare infrastructure, also contributes to demand. Additionally, advancements in production technologies and the availability of raw materials support market expansion. On 9th June 2024, Cepsa and its business initiated the construction of a €75 Million (approximately USD 81.75 Million) isopropyl alcohol (IPA) manufacturing facility in Palos de la Frontera, Spain, with an annual production capacity of 80,000 tons. Due to completion at the end of end-2025, the plant will use green hydrogen to produce sustainable IPA for use in hydroalcoholic gels, cleaning agents, and other use sectors. This program is part of Spain's goal to achieve its strategic independence of renewable-sourced IPA. The United States stands out as a key regional market, primarily driven by its versatile applications across industries, including healthcare, electronics, and cleaning products. Rising demand for disinfectants and sanitizers, fueled by increased focus on hygiene and infection control, remains a key growth factor. The pharmaceutical sector relies on IPA for manufacturing and sterilization processes, while the electronics industry uses it as a cleaning agent for precision components. A research report from the IMARC Group indicates that the United States power electronics market exhibits a growth rate (CAGR) of 7.10% during 2024-2032. Expanding industrial activities and technological advancements further enhance demand. Additionally, the availability of raw materials and efficient production methods support market growth.

Isopropyl Alcohol Market Trends:

Growing demand in the pharmaceutical and healthcare sector

The growing demand in the pharmaceutical and healthcare sector is currently exerting a profoundly positive influence on the expansion of the isopropyl alcohol market. According to reports, in 2022, the pharmaceutical industry contributed USD 2,295 Billion to global GDP, with USD 755 Billion from direct contributions (0.7% of global GDP). R&D activities alone added USD 227 Billion, accounting for 30% of direct contributions. Besides this, isopropyl alcohol, being a crucial component in the manufacturing of pharmaceuticals and healthcare-related products, is witnessing an uprise in consumption due to the heightened global focus on healthcare infrastructure and medical advancements. Additionally, the continuous research and development activities in the pharmaceutical sector necessitate a steady supply of high-quality isopropyl alcohol, as it serves as an essential solvent in various drug formulation processes. The ongoing innovations and expansions in the pharmaceutical industry are thereby sustaining the heightened demand for isopropyl alcohol.

Rising focus on renewable and sustainable sourcing of raw materials

The rising focus on renewable and sustainable sourcing of raw materials is currently exerting a positive influence on the growth of the isopropyl alcohol market. Besides this, the increasing preference for bio-based or renewable feedstocks in the production of isopropyl alcohol. For instance, in June 2024, BASF introduced biomass-balanced ecoflex (PBAT), reducing the Product Carbon Footprint (PCF) by 60%. Using waste-based renewable feedstocks via a certified biomass balance (BMB) approach, this drop-in solution maintains identical performance, processability, and biodegradation properties, advancing sustainability in packaging and circular economy efforts. Manufacturers are actively exploring alternatives to traditional fossil fuel-derived propylene, the primary raw material for isopropyl alcohol synthesis. This includes utilizing renewable sources, such as biomass, agricultural residues, and waste materials. By embracing these sustainable sourcing options, the isopropyl alcohol industry is aligning itself with the imperative to lessen its carbon footprint and reliance on finite resources. Furthermore, the adoption of sustainable raw materials in isopropyl alcohol production aligns with the sustainability goals of various industries, including pharmaceuticals, cosmetics, and electronics, where IPA serves as a crucial solvent and cleaning agent.

Increasing utilization of hand sanitizers to prevent the spread of infectious diseases

The increasing utilization of hand sanitizers to prevent the spread of infectious diseases is currently exerting a positive influence on the growth of the isopropyl alcohol market. The global hand sanitizer market size reached USD 5.0 Billion in 2024. Besides this, the demand for hand sanitizers directly translates into an increased need for isopropyl alcohol production. Manufacturers of isopropyl alcohol are experiencing a continuous uprise in orders as they strive to meet the escalating demands from hand sanitizer producers and other industries that rely on this essential chemical compound for various applications. Moreover, the persistent emphasis on maintaining stringent hygiene standards in healthcare facilities, public spaces, and households further sustains the demand for hand sanitizers and, by extension, isopropyl alcohol.

Isopropyl Alcohol Industry Segmentation:

Analysis by Application:

• Process Solvent
• Cleaning Agent
• Coating Solvent
• Intermediate
• Others

Intermediate stands as the largest component in the market. Isopropyl alcohol is considered an important intermediate in various chemical processes and industries due to its versatility and properties. It is widely used as a solvent in various industries, including pharmaceuticals, cosmetics, and manufacturing. It can dissolve a wide array of organic and inorganic compounds, making it valuable in the production of various chemicals. Isopropyl alcohol is commonly employed as a cleaning agent and disinfectant. It is also used to clean surfaces, medical equipment, and electronic components due to its ability to dissolve oils, grease, and other contaminants. It can also be used as a starting material or solvent in the synthesis of various chemicals and pharmaceuticals. It is often used as a reaction medium in chemical processes.

Analysis by Industry:

• Cosmetic and Personal care
• Pharmaceutical
• Food and Beverage
• Paints and Coatings
• Chemical
• Others

Chemical leads the market with around 43.2% of market share in 2024. Isopropyl alcohol is a widely employed solvent for a variety of chemical processes. It can dissolve a wide array of organic compounds, making it useful for extraction, purification, and as a cleaning agent in labs and manufacturing facilities. It is an effective cleaning component for removing contaminants, oils, greases, and residues from equipment, glassware, and surfaces in chemical laboratories and production environments. Its fast evaporation rate and low residue make it a preferred choice. Isopropyl alcohol can serve as an intermediate or starting material in the synthesis of other chemicals. It can be used to produce acetone, isopropyl acetate, and other compounds through various chemical reactions.

• Asia
• North America
• Europe
• South America
• Others

In 2024, Asia accounted for the largest market share of over 40.0% due to the increasing awareness about the significance of maintaining personal hygiene. Besides this, rising improvements in the healthcare sector to provide quality treatment to patients are contributing to the growth of the market. Apart from this, the increasing development and production of pharmaceuticals, including vaccines, is supporting the growth of the market. Additionally, the rising emphasis on cleanliness in various commercial and public settings is strengthening the growth of the market.

Key Regional Takeaways:

United States Isopropyl Alcohol Market Analysis

The United States isopropyl alcohol market remains a vital part of the chemical industry, driven by pharmaceuticals, personal care, and industrial manufacturing. The pharmaceutical sector holds a significant share, as IPA serves as a key solvent in antiseptics, disinfectants, and hand sanitizers, with FDA regulations and rising hygiene awareness further fueling market demand. Similarly, the electronics industry also relies on high-purity IPA for semiconductors and circuit board cleaning, supporting market growth. The CHIPS for America program are reinforcing this trend, with Sumika (Baytown, TX) receiving USD 52.1 Million to manufacture ultra-high purity IPA for advanced chip production, alongside major semiconductor investments such as Bosch (USD 225 Million, CA), Micron (USD 275 Million, VA), and Analog Devices (USD 105 Million, MA/OR/WA). Furthermore, industrial applications in coatings, paints, and adhesives add to consumption, while supply chains remain influenced by domestic petrochemical production and Asian imports. Production costs fluctuate due to crude oil and propylene price volatility, but bio-based IPA alternatives are emerging for sustainability. Apart from this, leading market players, compete in a fragmented yet growing industry, positioning the U.S. market for continued expansion and technological advancements.

Europe Isopropyl Alcohol Market Analysis

The European market is shaped by strict regulations, sustainability goals, and advanced industrial demand, with pharmaceutical and cosmetic industries driving consumption, particularly in Germany, France, and the United Kingdom. According to reports, European per capita spending on cosmetics reached EUR 169 in 2023, growing at an 8.3% annual rate since 2021. The region is a global leader in cosmetics production and exports, with cosmetic manufacturing valued at EUR 11 Billion and exports totaling EUR 28.2 Billion in 2023. Furthermore, regulatory bodies including the European Chemicals Agency (ECHA) and REACH enforce high safety standards, influencing the market dynamics. The growing focus on green chemicals accelerating research into bio-based IPA alternatives, aligning with Europe's sustainability goals, is impelling the market. Similarly, rising industrial applications in coatings, automotive, and electronics are sustaining steady market demand, though feedstock price fluctuations and changing trade policies introduce market volatility. Moreover, leading chemical manufacturers, ensuring stable supply chains, and reinforcing regional production are stimulating the market appeal. While post-pandemic IPA consumption in hygiene products has normalized, demand in healthcare and industrial cleaning sectors remains robust, securing long-term market stability amid shifting environmental and regulatory trends.

Asia Pacific Isopropyl Alcohol Market Analysis

The Asia Pacific isopropyl alcohol market is the largest and fastest-growing, driven by pharmaceuticals, electronics, and automotive manufacturing in China, India, Japan, and South Korea. China dominates IPA production due to cost-effective petrochemical feedstocks and a strong manufacturing base, while India's consumption is rising in pharmaceuticals and personal care, backed by government initiatives. The Government of India supports chemical and petrochemical growth through PCPIRs, Plastic Parks, and research and development (R&D) investments, with INR 2.6 Lakh Crore deployed in Andhra Pradesh, Gujarat, and Odisha, generating 3.7 lakh jobs. FDI inflows of INR 42,641 Crore augment manufacturing, exports, and skill development. Furthermore, Japan and South Korea require high-purity IPA for semiconductor and electronic manufacturing, further driving market demand. However, crude oil volatility and environmental regulations challenge supply chains. Besides this, leading firms increasingly invest in capacity expansion, ensuring continued market growth despite shifting global trade patterns.

Latin America Isopropyl Alcohol Market Analysis

In Latin America, the market is propelled by the growing pharmaceuticals, personal care, and industrial applications, with Brazil and Mexico as key consumers. As per reports, Brazil's wellness economy, valued at USD 96 Billion (5% of GDP), ranks 12th, with strong demand in personal care and beauty. The region heavily relies on imports from North America and Asia, impacting pricing and supply stability. Additionally, industrial growth in automobiles and paint & coatings further fuels consumption, while regulatory inconsistencies and economic volatility create challenges. Local manufacturers focus on cost-effective solutions, while multinational corporations dominate distribution in the market. Despite challenges, expanding local industries and changing regulatory frameworks offer growth opportunities for the regional IPA market.

Middle East and Africa Isopropyl Alcohol Market Analysis

The Middle East and Africa isopropyl alcohol market is expanding gradually, propelled by pharmaceuticals, industrial cleaning, and petrochemicals. For example, in February 2024, Saudi Advanced Petrochemical Company awarded a USD 191.25 Million EPC contract for a 70,000-tonne IPA plant in Jubail Industrial City, supporting industrial, medical, and electronics sectors under Vision 2030. Additionally, Saudi Arabia and the UAE dominate regional consumption and production, leveraging advanced petrochemical infrastructure, while Africa, led by South Africa and Nigeria, sees rising demand from healthcare and hygiene applications. The market remains import-dependent, with Asia and Europe as key suppliers, though local investments aim to reduce reliance on imports. Moreover, growing high-purity production for electronics and medical use, alongside sustainability initiatives promoting bio-based solvents, is shaping the region's long-term market trend.

Competitive Landscape:

The competitive landscape of the isopropyl alcohol market is characterized by intense rivalry among key players, who are focusing on strategic initiatives to strengthen their market position. Companies are investing in expanding production capacities to meet growing demand, particularly from healthcare and electronics sectors. Many players are also prioritizing research and development to improve product quality and develop sustainable manufacturing processes. Strategic partnerships, mergers, and acquisitions are common as firms aim to enhance their geographic reach and customer base. Additionally, players are emphasizing compliance with environmental regulations and adopting eco-friendly practices to align with global sustainability trends. Competitive pricing and innovative product offerings further drive market differentiation and customer loyalty.

The report provides a comprehensive analysis of the competitive landscape in the isopropyl alcohol market with detailed profiles of all major companies, including:

• The Dow Chemical company
• Exxon Mobil
• Shell Chemicals Europe B.V.
• INEOS Enterprises Group Limited
• Super Chemical Technology Co. Ltd.

Key Questions Answered in This Report

• 1.How big is the isopropyl alcohol market?
• 2.What is the future outlook of the isopropyl alcohol market?
• 3.What are the key factors driving the isopropyl alcohol market?
• 4.Which region accounts for the largest isopropyl alcohol market share?
• 5.Which are the leading companies in the global isopropyl alcohol market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Physical and Chemical Properties
• 4.3 Key Industry Trends

5 Global Isopropyl Alcohol Industry

• 5.1 Market Overview
• 5.2 Market Performance
  • 5.2.1 Volume Trends
  • 5.2.2 Value Trends
• 5.3 Impact of COVID-19
• 5.4 Price Analysis
  • 5.4.1 Key Price Indicators
  • 5.4.2 Price Structure
  • 5.4.3 Price Trends
• 5.5 Market Breakup by Region
• 5.6 Market Breakup by Application
• 5.7 Market Breakup by Industry
• 5.8 Market Forecast
• 5.9 SWOT Analysis
  • 5.9.1 Overview
  • 5.9.2 Strengths
  • 5.9.3 Weaknesses
  • 5.9.4 Opportunities
  • 5.9.5 Threats
• 5.10 Value Chain Analysis
  • 5.10.1 Raw Material Procurement
  • 5.10.2 Manufacturing
  • 5.10.3 Distribution
  • 5.10.4 Exports
  • 5.10.5 End-Use
• 5.11 Porter's Five Forces Analysis
  • 5.11.1 Overview
  • 5.11.2 Bargaining Power of Buyers
  • 5.11.3 Bargaining Power of Suppliers
  • 5.11.4 Degree of Competition
  • 5.11.5 Threat of New Entrants
  • 5.11.6 Threat of Substitutes
• 5.12 Trade Data
  • 5.12.1 Imports
  • 5.12.2 Exports
• 5.13 Key Market Drivers and Success Factors

6 Performance of Key Regions

• 6.1 Asia
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 North America
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast
• 6.3 Europe
  • 6.3.1 Market Trends
  • 6.3.2 Market Forecast
• 6.4 South America
  • 6.4.1 Market Trends
  • 6.4.2 Market Forecast
• 6.5 Others
  • 6.5.1 Market Trends
  • 6.5.2 Market Forecast

7 Market Breakup by Application

• 7.1 Process Solvent
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Cleaning Agent
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast
• 7.3 Coating Solvent
  • 7.3.1 Market Trends
  • 7.3.2 Market Forecast
• 7.4 Intermediate
  • 7.4.1 Market Trends
  • 7.4.2 Market Forecast
• 7.5 Others
  • 7.5.1 Market Trends
  • 7.5.2 Market Forecast

8 Market Breakup by Industry

• 8.1 Cosmetic and Personal care
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Pharmaceutical
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 Food and Beverage
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast
• 8.4 Paints and Coatings
  • 8.4.1 Market Trends
  • 8.4.2 Market Forecast
• 8.5 Chemical
  • 8.5.1 Market Trends
  • 8.5.2 Market Forecast
• 8.6 Others
  • 8.6.1 Market Trends
  • 8.6.2 Market Forecast

9 Competitive Landscape

• 9.1 Market Structure
• 9.2 Production Capacity of Key Players
• 9.3 Key Player Profiles
  • 9.3.1 The Dow Chemical company
  • 9.3.2 Exxon Mobil
  • 9.3.3 Shell Chemicals Europe B.V.
  • 9.3.4 INEOS Enterprises Group Limited
  • 9.3.5 Super Chemical Technology Co. Ltd.

10 Isopropyl Alcohol Manufacturing Process

• 10.1 Product Overview
• 10.2 Chemical Reactions Involved
• 10.3 Manufacturing Process
• 10.4 Detailed Process Flow
• 10.5 Raw Material Requirement
• 10.6 Mass Balance and Feedstock Conversion Rate

11 Isopropyl Alcohol Feedstock Market Analysis

• 11.1 Propylene
  • 11.1.1 Market Performance
    • 11.1.1.1 Volume Trends
    • 11.1.1.2 Value Trends
  • 11.1.2 Price Trends
  • 11.1.3 Market Breakup by Region
  • 11.1.4 Market Breakup End-Use
  • 11.1.5 Key Suppliers
• 11.2 Acetone
  • 11.2.1 Market Performance
    • 11.2.1.1 Volume Trends
    • 11.2.1.2 Value Trends
  • 11.2.2 Price Trends
  • 11.2.3 Breakup by Region
  • 11.2.4 Market Breakup by End-Use
  • 11.2.5 Key Suppliers