Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Isopropyl Alcohol Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Expected Market Growth Rates for the Isopropyl Alcohol Market?
The size of the isopropyl alcohol market has experienced robust growth of late. The market size is predicted to increase from $4.85 billion in 2024 to $5.17 billion in 2025, with a compound annual growth rate (CAGR) of 6.7%.
What Are the Expected Market Growth Trends for the Isopropyl Alcohol Market Through 2029?
The Isopropyl Alcohol market is forecasted to reach a size of $7.57 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 10.0%.
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What Are the Key Business Drivers in the Isopropyl Alcohol Market Landscape?
The key Drivers in the isopropyl alcohol market are:
• Increasing use of personal care and cosmetic products
• Utility of isopropyl alcohol in various personal care products
• Isopropyl alcohol's multifunctional properties in personal care products
• The growth of personal care sector in the economy
How Is the Isopropyl Alcohol Market Divided Across Key Categories?
The isopropyl alcoholmarket covered in this report is segmented –
1) By Grade: 70% IPA, 90% IPA
2) By Production Method: Indirect Hydration, Direct Hydration
3) By Application: Antiseptic And Astringent, Cleaning Agent, Solvent, Chemical Intermediate, Other Applications
4) By End-Use: Cosmetics And Personal Care, Pharmaceutical, Food And Beverages, Paints And Coatings, Chemical, Other End-Uses
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What Are the Ongoing Trends in the Isopropyl Alcohol Market?
The key trends in the isopropyl alcohol market are:
• Product innovation is a key emerging trend in the isopropyl alcohol market.
• Companies are focusing on research and development initiatives for product innovation.
• There is also a trend of product development targeting electronics manufacturing with enhanced quality.
• The demand for advanced materials in the electronics sector is fueling these innovations.
Which Companies are Expanding in the Isopropyl Alcohol Industry?
The key players in the isopropyl alcohol market are:
• The Dow Chemical Company
• INEOS Group Limited
• Royal Dutch Shell PLC
• ExxonMobil Corporation
• LG Chem Ltd.
• Kellin Chemicals Co. Ltd.
• LCY Chemical Corp
• Zhejiang Xinhua Chemical Co. Ltd.
• China National Petroleum Corporation
• Mitsui Chemicals Inc.
• ENEOS Corporation
• Avantor Inc.
• Jiangsu Denoir Technology Co. Ltd.
• Tokuyama Corporation
• Mitsubishi Chemical Corporation
• Galaxy Chemicals
• LyondellBasell Industries Holdings B.V.
• Carboclor S.A.
• Sasol Limited
• Chang Chun Group
• DuPont de Nemours Inc.
• Mistral Industrial Chemicals
• Linde Gas
• Ecolab Inc.
• BASF SE
• Honeywell International Inc.
• ReAgent Chemicals Ltd.
• Guangfu Fine Chemicals
• Petrochemical Corporation of Singapore Private Limited
• Fushun Petrochemical Company
• Yancheng Super Chemical Technology Co. Ltd.
Which is the Largest Region the Global Isopropyl Alcohol Market?
Asia-Pacific was the largest region in the isopropyl alcohol market in 2024 and is expected to be the fastest-growing region in the forecast period
