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Isopropyl Alcohol Market Size, Share & Trends Analysis Report By Application (Antiseptic & Astringent, Cleaning Agent, Solvent, Chemical Intermediate), By End-use, By Region, And Segment Forecasts, 2025 - 2030

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KSA 25.03.19

Isopropyl Alcohol Market Growth & Trends:

The global isopropyl alcohol market size is expected to reach USD 3.4 billion by 2030, registering a CAGR of 4.8% from 2025 to 2030, according to a new report by Grand View Research, Inc. Increasing demand for solvents across a wide range of industries globally is anticipated to remain a key factor favoring growth.

The substance is one of the highly used industrial solvents in industries, such as pharmaceuticals, personal care and cosmetics, paints and coatings, and food industry. The chemical is highly preferred in formulating personal hygiene products, including sanitizers, due to its properties of being an excellent disinfectant that works against viruses, bacteria, and other microorganisms.

Isopropyl alcohol (IPA) is the third largest produced lower alcohol globally, after ethanol and methanol. The key applications of isopropyl alcohol is its utility as a solvent in producing various pesticides and herbicides for the agricultural industry, formulating various surface coatings, and producing antiseptic products for personal hygiene industry. Formulations with 70% concentration of IPA against 30% water is proven to be effective as sanitizers by healthcare organizations and other regulatory authorities worldwide.

The recent outbreak of coronavirus is one of the key factors that induced the need for personal hygiene and safety for humans globally. The global pandemic highlighted the use of IPA in formulating hand sanitizers across North America, Middle East, Europe, and Asia Pacific. The first quarter of 2020 reflected high sales of sanitizers, which directly implied hefty consumption of isopropyl alcohol in the marketspace. Companies such as INEOS and ExxonMobil ramped up their production capacities of IPA induced sanitizers in Germany and other parts of Europe. The future demand is expected to be driven by demand stability of polypropylene, which has been one of the major applications.

Isopropyl Alcohol Market Report Highlights:

  • By application, the antiseptic and astringent segment dominated the market by capturing the largest share of 40.8% in 2024, propelled by its widespread use in medical and personal care applications.
  • The pharmaceutical segment captured the largest revenue share of 34.5% in 2024, owing to vital role in healthcare and medical applications. Isopropyl alcohol is essential for sterilization, disinfection, and the production of various pharmaceutical products and medical devices.
  • Asia Pacific secured the largest market share of 40% in 2024, attributed to fast-paced industrialization and urbanization. The region's robust growth in the pharmaceutical, personal care, and healthcare sectors has substantially increased the demand for isopropyl alcohol.
  • North America is poised to expand at a fastest growing CAGR of 4.9% from 2025 to 2030, driven by the region's strong industrial base and advancements in healthcare.

Table of Contents

Chapter 1. Methodology and Scope

  • 1.1. Market Segmentation & Scope
  • 1.2. Market Definition
  • 1.3. Information Procurement
    • 1.3.1. Purchased Database
    • 1.3.2. GVR's Internal Database
    • 1.3.3. Secondary Sources & Third-Party Perspectives
    • 1.3.4. Primary Research
  • 1.4. Information Analysis
    • 1.4.1. Data Analysis Models
  • 1.5. Market Formulation & Data Visualization
  • 1.6. Data Validation & Publishing

Chapter 2. Executive Summary

  • 2.1. Market Insights
  • 2.2. Segmental Outlook
  • 2.3. Competitive Outlook

Chapter 3. Isopropyl Alcohol Market Variables, Trends & Scope

  • 3.1. Global Isopropyl Alcohol Market Outlook
  • 3.2. Industry Value Chain Analysis
  • 3.3. Technology Overview
  • 3.4. Average Price Trend Analysis
  • 3.5. Supply-Demand GAP Analysis, 2024
  • 3.6. Regulatory Framework
    • 3.6.1. Policies and Incentive Plans
    • 3.6.2. Standards and Compliances
    • 3.6.3. Regulatory Impact Analysis
  • 3.7. Market Dynamics
    • 3.7.1. Market Driver Analysis
    • 3.7.2. Market Restraint Analysis
    • 3.7.3. Industry Challenges
  • 3.8. Porter's Five Forces Analysis
    • 3.8.1. Supplier Power
    • 3.8.2. Buyer Power
    • 3.8.3. Substitution Threat
    • 3.8.4. Threat from New Entrant
    • 3.8.5. Competitive Rivalry
  • 3.9. PESTEL Analysis
    • 3.9.1. Political Landscape
    • 3.9.2. Economic Landscape
    • 3.9.3. Social Landscape
    • 3.9.4. Technological Landscape
    • 3.9.5. Environmental Landscape
    • 3.9.6. Legal Landscape

Chapter 4. Isopropyl Alcohol Market: Application Outlook Estimates & Forecasts

  • 4.1. Isopropyl Alcohol Market: Application Movement Analysis, 2025 & 2030
    • 4.1.1. Antiseptic & Astringent
      • 4.1.1.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 4.1.2. Cleaning Agent
      • 4.1.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 4.1.3. Solvent
      • 4.1.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 4.1.4. Chemical Intermediate
      • 4.1.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 4.1.5. Other
      • 4.1.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)

Chapter 5. Isopropyl Alcohol Market: End Use Outlook Estimates & Forecasts

  • 5.1. Isopropyl Alcohol Market: End Use Analysis, 2025 & 2030
    • 5.1.1. Cosmetics and Personal Care
      • 5.1.1.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 5.1.2. Pharmaceutical
      • 5.1.2.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 5.1.3. Food and Beverages
      • 5.1.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 5.1.4. Paints and Coatings
      • 5.1.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 5.1.5. Chemical
      • 5.1.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 5.1.6. Other
      • 5.1.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)

Chapter 6. Isopropyl Alcohol Market Regional Outlook Estimates & Forecasts

  • 6.1. Regional Snapshot
  • 6.2. Isopropyl alcohol Market: Regional Movement Analysis, 2025 & 2030
  • 6.3. North America
    • 6.3.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 6.3.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.3.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million) (Kilotons)
    • 6.3.4. U.S.
      • 6.3.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.3.4.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
      • 6.3.4.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million) (Kilotons)
    • 6.3.5. Canada
      • 6.3.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.3.5.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
      • 6.3.5.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million) (Kilotons)
    • 6.3.6. Mexico
      • 6.3.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.3.6.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
      • 6.3.6.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million) (Kilotons)
  • 6.4. Europe
    • 6.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 6.4.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.4.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million) (Kilotons)
    • 6.4.4. Germany
      • 6.4.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.4.4.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
      • 6.4.4.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million) (Kilotons)
    • 6.4.5. UK
      • 6.4.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.4.5.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
      • 6.4.5.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million) (Kilotons)
    • 6.4.6. France
      • 6.4.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.4.6.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
      • 6.4.6.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million) (Kilotons)
    • 6.4.7. Netherlands
      • 6.4.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.4.7.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
      • 6.4.7.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million) (Kilotons)
    • 6.4.8. Italy
      • 6.4.8.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.4.8.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
      • 6.4.8.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million) (Kilotons)
  • 6.5. Asia Pacific
    • 6.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 6.5.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.5.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million) (Kilotons)
    • 6.5.4. China
      • 6.5.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.5.4.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
      • 6.5.4.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million) (Kilotons)
    • 6.5.5. India
      • 6.5.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.5.5.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
      • 6.5.5.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million) (Kilotons)
    • 6.5.6. Japan
      • 6.5.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.5.6.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
      • 6.5.6.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million) (Kilotons)
    • 6.5.7. South Korea
      • 6.5.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.5.7.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
      • 6.5.7.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million) (Kilotons)
  • 6.6. Central & South America
    • 6.6.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 6.6.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.6.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million) (Kilotons)
    • 6.6.4. Brazil
      • 6.6.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.6.4.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
      • 6.6.4.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million) (Kilotons)
    • 6.6.5. Argentina
      • 6.6.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.6.5.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
      • 6.6.5.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million) (Kilotons)
  • 6.7. Middle East & Africa
    • 6.7.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
    • 6.7.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
    • 6.7.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million) (Kilotons)
    • 6.7.4. Saudi Arabia
      • 6.7.4.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.7.4.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
      • 6.7.4.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million) (Kilotons)
    • 6.7.5. South Africa
      • 6.7.5.1. Market Estimates and Forecast, 2018 - 2030 (USD Million) (Kilotons)
      • 6.7.5.2. Market Estimates and Forecast, By Application, 2018 - 2030 (USD Million) (Kilotons)
      • 6.7.5.3. Market Estimates and Forecast, By End Use, 2018 - 2030 (USD Million) (Kilotons)

Chapter 7. Competitive Landscape

  • 7.1. Recent Developments & Impact Analysis, By Key Market Participants
  • 7.2. Vendor Landscape
    • 7.2.1. Company Categorization
    • 7.2.2. List of Key Distributors and Channel Partners
    • 7.2.3. List of Potential Customers/End Users
  • 7.3. Competitive Dynamics
    • 7.3.1. Competitive Benchmarking
    • 7.3.2. Strategy Mapping
    • 7.3.3. Heat Map Analysis
  • 7.4. Company Profiles/Listing
    • 7.4.1. Dow Chemical
      • 7.4.1.1. Participant's Overview
      • 7.4.1.2. Financial Performance
      • 7.4.1.3. Product Benchmarking
      • 7.4.1.4. Strategic Initiatives
    • 7.4.2. Mistral Industrial Chemicals
      • 7.4.2.1. Participant's Overview
      • 7.4.2.2. Financial Performance
      • 7.4.2.3. Product Benchmarking
      • 7.4.2.4. Strategic Initiatives
    • 7.4.3. INEOS Corporation
      • 7.4.3.1. Participant's Overview
      • 7.4.3.2. Financial Performance
      • 7.4.3.3. Product Benchmarking
      • 7.4.3.4. Strategic Initiatives
    • 7.4.4. ReAgent Chemicals Ltd.
      • 7.4.4.1. Participant's Overview
      • 7.4.4.2. Financial Performance
      • 7.4.4.3. Product Benchmarking
      • 7.4.4.4. Strategic Initiatives
    • 7.4.5. LyondellBasell Industries
      • 7.4.5.1. Participant's Overview
      • 7.4.5.2. Financial Performance
      • 7.4.5.3. Product Benchmarking
      • 7.4.5.4. Strategic Initiatives
    • 7.4.6. Linde Gas
      • 7.4.6.1. Participant's Overview
      • 7.4.6.2. Financial Performance
      • 7.4.6.3. Product Benchmarking
      • 7.4.6.4. Strategic Initiatives
    • 7.4.7. Ecolab
      • 7.4.7.1. Participant's Overview
      • 7.4.7.2. Financial Performance
      • 7.4.7.3. Product Benchmarking
      • 7.4.7.4. Strategic Initiatives
    • 7.4.8. Royal Dutch Shell
      • 7.4.8.1. Participant's Overview
      • 7.4.8.2. Financial Performance
      • 7.4.8.3. Product Benchmarking
      • 7.4.8.4. Strategic Initiatives
    • 7.4.9. ExxonMobil Corporation
      • 7.4.9.1. Participant's Overview
      • 7.4.9.2. Financial Performance
      • 7.4.9.3. Product Benchmarking
      • 7.4.9.4. Strategic Initiatives
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