Global Isopropyl Alcohol Market to Grow at 4% During 2023-2028, Fostered by Rising Demand for Sanitizing and Cleaning Products

July 06, 2020 | Chemical & Materials

According to the latest report by IMARC Group, titled "Isopropyl Alcohol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," the global isopropyl alcohol market size reached US$ 4.5 Billion in 2022. Isopropyl alcohol refers to volatile flammable alcohol with the chemical formula C3H7OH. It is a clear and colorless liquid that is characterized by a distinct odor and bitter taste. It is miscible in water, ether, ethanol, chloroform, certain alcohols and various essential oils while being insoluble in salt solutions. Isopropyl alcohol is utilized as a disinfectant, antiseptic, cleaning agent and de-icing agent for lacquers, liquid fuels and extraction processes. It is also widely used in the preparation of Cordite, a smokeless propellant, as well as shellacs, glycerol, creosote, quick-drying inks and isopropyl acetate. Apart from this, it is extensively employed across numerous industries as a solvent in essential oils, gums, resins, alkaloids, cellulose and coatings.

Global Isopropyl Alcohol Market Trends:

On account of the coronavirus disease (COVID-19) outbreak, the demand for alcohol-based hand rubs and sanitizers has increased rapidly. This trend, along with the rising utilization of isopropyl alcohol in disinfectants and cleaners, represents one of the key factors driving the global market. The market is further stimulated by the growing applications of isopropyl alcohol as a solvent in the pharmaceuticals, chemicals, and paints and coatings industries. The increasing usage of isopropyl alcohol in biodiesel production, facilitated by significant growth in the automotive sector and enhanced focus on sustainable development, is also acting as a major growth-inducing factor. It is also used as a general cleaner for removing oil, grease and handling soil as well as to remove flux residues after soldering. In addition to this, the compound is extensively employed for purifying and extracting natural products, such as animal and vegetable oils, waxes, resins, fats, vitamins, and flavoring agents. These versatile applications are, therefore, providing a thrust to the market growth. The market is further driven by the growing utilization of alcohol in the cosmetics and personal care sector on account of its antifoaming and astringent properties. On account of the aforementioned factors, the market is projected to grow at a CAGR of 4% during 2023-2028. 

Market Summary:

  • Based on the application, the market has been divided into process solvent, cleaning agent, coating solvent, intermediate and others, wherein intermediate represent the dominant application segment.
  • On the basis of the industry, the market has been classified into cosmetic and personal care, pharmaceutical, food and beverage, paints and coatings, chemical, and others. Among these, the chemical sector accounts for the majority of the total market share.
  • On the geographical front, Asia holds the leading position in the market. Some of the other major markets include North America, Europe, South America, and others.
  • The competitive landscape of the market has been examined in the report with the detailed profiles of the key players. Some of these players include The Dow Chemical Company, Exxon Mobil, Shell Chemicals Europe B.V., INEOS Enterprises Group Limited and Super Chemical Technology Co., Ltd.

Report Scope:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units Million Tons, US$ Billion
Segment Coverage  Application, Industry, Region
Region Covered  Asia, North America, Europe, South America, Others
Companies Covered The Dow Chemical Company, Exxon Mobil, Shell Chemicals Europe B.V., INEOS Enterprises Group Limited and Super Chemical Technology Co. Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us


USA: +1-631-791-1145
Follow us on twitter: @imarcglobal

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Isopropyl Alcohol Market to Grow at 4% During 2023-2028, Fostered by Rising Demand for Sanitizing and Cleaning Products
Purchase options

Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More