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Isopropyl Alcohol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Global Isopropyl Alcohol Market Outlook - 2026

The global isopropyl alcohol market reached a value of US$ 4.19 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 5.2% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Isopropyl alcohol is an organic chemical compound with the chemical formula C3H7OH. It is a colourless, volatile and flammable liquid compound which has a bitter taste and strong odour. Although miscible with water, few alcohols, ether and chloroform, isopropyl alcohol is insoluble in salt solutions. It majorly finds application as a solvent in essential oils, resins, alkaloids, gums, cellulose and coatings; de-icing agent in lacquers, liquid fuels and extraction processes; and an antiseptic in anti-freeze compositions. Isopropyl alcohol is also used in the production of glycerol, shellacs, quick drying inks, isopropyl acetate and creosote. 

Global Isopropyl Alcohol Industry Drivers:

  • Isopropyl alcohol finds diverse applications in several downstream industries like paint and coating, automotive, cosmetic, printing, pharmaceutical, etc. Economic reforms have resulted into a rise in the disposable incomes and changes in lifestyle of the consumers across the globe, thereby catalysing the growth of these industries.
  • Isopropyl alcohol has been used to remove flux residues after soldering and as a general cleaner to remove oil, grease, and other handling soils. Apart from this, it is also used for purifying and extracting natural products such as animal and vegetable oils, waxes, resins, flavourings, fats, vitamins, etc., which is positively influencing the market growth.
  • One of the fastest-growing markets for isopropyl alcohol is Asia Pacific, wherein China represents the leading region. As isopropyl alcohol is readily available in the region, it can be purchased in bulk quantities at fairly low prices. Additionally, thriving cosmetics and personal care industry, rapid economic growth and elevating income levels have resulted into a heightened demand for isopropyl alcohol-based products.
  • Isopropyl alcohol is stable if it is properly handled and stored in adequate conditions. In addition to this, it has a shelf-life of two years from the manufacturing date. The chemical makeup and potency of isopropyl alcohol remain stable for two years in its original closed container.
  • The most popular technique for producing isopropyl alcohol on a commercial level is the indirect hydration of propylene. Demerits of this method such as high energy cost, corrosive condition and pollution problems had led to the development of a more efficient technique, called catalytic hydrogenation of acetone. Such technological advancements in the production have empowered the industry with higher yield rates and production of high-purity grades, thereby generating opportunities for new applications of isopropyl alcohol.


Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global isopropyl alcohol market, along with forecasts at the global and regional level from 2021-2026. Our report has categorized the market based on application and industry.

Breakup by Application:

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

Isopropyl alcohol is majorly used as an intermediate in the manufacturing of industrially important chemical compounds such as acetone, glycerol, isopropyl acetate, methyl isobutyl ketone (MIBK), isopropyl esters and isopropyl amines. Apart from this, it is employed as a process solvent, coating solvent and cleaning agent.

Breakup by Industry:

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

On the basis of industry, the market has been segregated as chemicals, paints and coatings, cosmetics and personal care products, pharmaceutical, and food and beverage. Amongst these, chemicals account for around one-third of the total market, representing the largest segment. Isopropyl alcohol is utilised for manufacturing acetone and its derivatives which are further employed in various industries.

Regional Insights:

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

According to the isopropyl alcohol market report, Asia represents the leading market. This can be attributed to the thriving personal care and cosmetics industry in the region which has facilitated the growth of isopropyl alcohol as it is used in the production of skin cleaners, skin lotions, deodorants, nail paints, hair tonics, shampoos, etc. Asia is followed by North America, Europe and South America.

Competitive Landscape:

The market is concentrated with the top 5 players accounting for more than half of the entire market. Some of the biggest players operative in the market are:

  • The Dow Chemical Company
  • Exxon Mobil Corporation
  • Shell Chemicals Europe B.V.
  • INEOS Enterprises Ltd.
  • Super Chemical Technology Co. Ltd.


This report provides a deep insight into the global isopropyl alcohol industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the isopropyl alcohol industry in any manner.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
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 Corporation, Shell Chemicals Europe B.V., INEOS Enterprises Ltd. and Super Chemical Technology Co. Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License $ 1999
Five User License $ 2499
Corporate License $ 2999
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)

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
        5.4.2 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 Competitive 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 Application
        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

List of Figures

Figure 1: Global: Isopropyl Alcohol Market: Major Drivers and Challenges
Figure 2: Global: Isopropyl Alcohol Market: Production Volume (in Million Tons), 2015-2020
Figure 3: Global: Isopropyl Alcohol Market: Production Value (in Billion US$), 2015-2020
Figure 4: Global: Isopropyl Alcohol Market: Average Price Trends (in US$/Ton), 2015-2020
Figure 5: Global: Isopropyl Alcohol Market Forecast: Average Price Trends (in US$/Ton), 2021-2026
Figure 6: Isopropyl Alcohol Market: Price Structure (in US$/Ton), 
Figure 7: Global: Isopropyl Alcohol Market: Production Breakup by Region (in %), 2020
Figure 8: Global: Isopropyl Alcohol Market: Consumption Breakup by Region (in %), 2020
Figure 9: Global: Isopropyl Alcohol Market: Breakup by Application (in %), 2020
Figure 10: Global: Isopropyl Alcohol Market: Breakup by Industry (in %), 2020
Figure 11: Global: Isopropyl Alcohol Market Forecast: Production Volume (in Million Tons), 2021-2026
Figure 12: Global: Isopropyl Alcohol Market Forecast: Production Value (in Billion US$), 2021-2026
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 %), 2019
Figure 17: USA: Isopropyl Alcohol Market: Import Volume Trend (in Tons), 2019
Figure 18: Global: Isopropyl Alcohol Market: Export Volume Breakup by Country (in %), 2019
Figure 19: India: Isopropyl Alcohol Market: Export Volume Trend (in Tons), 2019
Figure 20: Asia: Isopropyl Alcohol Market: Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 21: Asia: Isopropyl Alcohol Market Forecast: Volume Trends (in ‘000 Tons), 2021-2026
Figure 22: North America: Isopropyl Alcohol Market: Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 23: North America: Isopropyl Alcohol Market Forecast: Volume Trends (in ‘000 Tons), 2021-2026
Figure 24: Europe: Isopropyl Alcohol Market: Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 25: Europe: Isopropyl Alcohol Market Forecast: Volume Trends (in ‘000 Tons), 2021-2026
Figure 26: South America: Isopropyl Alcohol Market: Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 27: South America: Isopropyl Alcohol Market Forecast: Volume Trends (in ‘000 Tons), 2021-2026
Figure 28: Others: Isopropyl Alcohol Market: Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 29: Others: Isopropyl Alcohol Market Forecast: Volume Trends (in ‘000 Tons), 2021-2026
Figure 30: Global: Isopropyl Alcohol Market (as Process Solvent): Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 31: Global:  Isopropyl Alcohol Market Forecast (as Process Solvent): Volume Trends (in ‘000 Tons), 2021-2026
Figure 32: Global: Isopropyl Alcohol Market (as Cleaning Agent): Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 33: Global:  Isopropyl Alcohol Market Forecast (as Cleaning Agent): Volume Trends (in ‘000 Tons), 2021-2026
Figure 34: Global: Isopropyl Alcohol Market (as Coating Solvent): Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 35: Global:  Isopropyl Alcohol Market Forecast (as Coating Solvent): Volume Trends (in ‘000 Tons), 2021-2026
Figure 36: Global: Isopropyl Alcohol Market (as Intermediate): Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 37: Global:  Isopropyl Alcohol Market Forecast (as Intermediate): Volume Trends (in ‘000 Tons), 2021-2026
Figure 38: Global: Isopropyl Alcohol Market (Other Applications): Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 39: Global:  Isopropyl Alcohol Market Forecast (Other Applications): Volume Trends (in ‘000 Tons), 2021-2026
Figure 40: Global: Isopropyl Alcohol Market (Cosmetic and Personal care industry): Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 41: Global:  Isopropyl Alcohol Market Forecast (Cosmetic and Personal care industry): Volume Trends (in ‘000 Tons), 2021-2026
Figure 42: Global: Isopropyl Alcohol Market (Pharmaceutical industry): Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 43: Global:  Isopropyl Alcohol Market Forecast (Pharmaceutical industry): Volume Trends (in ‘000 Tons), 2021-2026
Figure 44: Global: Isopropyl Alcohol Market (Food and Beverage industry): Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 45: Global:  Isopropyl Alcohol Market Forecast (Food and Beverage industry): Volume Trends (in ‘000 Tons), 2021-2026
Figure 46: Global: Isopropyl Alcohol Market (Paints and Coatings industry): Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 47: Global:  Isopropyl Alcohol Market Forecast (Paints and Coatings industry): Volume Trends (in ‘000 Tons), 2021-2026
Figure 48: Global: Isopropyl Alcohol Market (Chemical industry): Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 49: Global:  Isopropyl Alcohol Market Forecast (Chemical industry): Volume Trends (in ‘000 Tons), 2021-2026
Figure 50: Global: Isopropyl Alcohol Market (Other industries): Volume Trends (in ‘000 Tons), 2015 & 2020
Figure 51: Global:  Isopropyl Alcohol Market Forecast (Other industries): Volume Trends (in ‘000 Tons), 2021-2026
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), 2015-2020
Figure 55: Global: Propylene Market: Production Value Trends (in Million US$), 2015-2020  
Figure 56: Global: Propylene Market: Average Price Trends (in US$/Ton), 2015-2020
Figure 57: Global: Propylene Market Forecast: Average Price Trends (in US$/Ton), 2021-2026
Figure 58: Global: Propylene Market: Breakup by Region (in %), 2020
Figure 59: Global: Propylene Market: Breakup by End-Use (in %), 2020
Figure 60: Global: Acetone Market: Volume Trends (in Million Tons), 2015-2020
Figure 61: Global: Acetone Market: Value Trends (in Million US$), 2015-2020
Figure 62: Global: Acetone Market: Average Price Trends (in US$/Ton), 2015-2020 
Figure 63: Global: Acetone Market Forecast: Average Price Trends (in US$/Ton), 2021-2026 
Figure 64: Global: Acetone Market: Breakup by Region (in %), 2020
Figure 65: Global: Acetone Market: Breakup by End-Use (in %), 2020

List of Tables

Table 1: Isopropyl Alcohol: Chemical Properties
Table 2: Isopropyl Alcohol: Physical Properties
Table 3: Global: Isopropyl Alcohol Market: Key Industry Highlights, 2020 and 2026
Table 4: Isopropyl Alcohol: Applications of Isopropyl Alcohol as a Solvent
Table 5: Global: Isopropyl Alcohol Market Forecast: Breakup by Region (in ‘000 Tons), 2021-2026
Table 6: Global: Isopropyl Alcohol Market Forecast: Breakup by Application (in ‘000 Tons), 2021-2026 
Table 7: Global: Isopropyl Alcohol Market Forecast: Breakup by Industry (in ’000 Tons), 2021-2026
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)

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Key Question Answered in this Report

The global isopropyl alcohol market was valued at US$ 4.19 Billion in 2020
 

Sudden outbreak of the COVID-19 pandemic has led to the surging demand for isopropyl alcohol for manufacturing alcohol-based hand sanitizers to combat the spread of coronavirus infection.

We expect the global isopropyl alcohol market to grow at a CAGR of 5.2% during 2021-2026.

The rising adoption of isopropyl alcohol across diverse industries, including paint and coating, automotive, cosmetic, printing, pharmaceutical, etc., is one of the key factors driving the global isopropyl alcohol market. 

Based on the industry, the global isopropyl alcohol market can be categorized into chemicals, paints and coatings, cosmetics and personal care products, pharmaceutical, food and beverage, and others. Among these, the chemical industry currently represents the largest segment.
 

Some of the major players in the global isopropyl alcohol market include Shell Chemicals Europe B.V., The Dow Chemical Company, INEOS Enterprises Ltd., Exxon Mobil Corporation., and Super Chemical Technology Co. Ltd.
 

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