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Report Overview
The global isopropyl alcohol market reached a value of USD 4.67 Billion in 2023. The market is further expected to grow at a CAGR of 4.30% in the forecast period of 2024-2032 to attain USD 6.82 Billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Isopropyl Alcohol Market Growth
The market is being driven by the increased usage of isopropyl alcohol in the production of personal care products and cosmetics. Isopropyl alcohol is used in the production of skincare products, makeup, bath products, haircare products, and eyecare products, among others. It is used as a solvent, cosmetic astringent, viscosity decreasing agent, and anti-foaming agent. The growing demand for cosmetic and personal care products, fuelled by the growing focus of consumers on personal care and hygiene, is anticipated to contribute to the isopropyl alcohol market value in the forecast period. Meanwhile, the rising demand for isopropyl alcohol in the healthcare sector is expected to supplement the market growth in the coming years. Isopropyl alcohol finds extensive usage in the production of hand wash, surgical hand scrubs, and antiseptic skin preparations, among others.
Isopropyl Alcohol Market Report Snapshots
Isopropyl Alcohol Market Growth
Isopropyl Alcohol Market Share
Isopropyl Alcohol Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The major drivers of the market include the growing economy, growing hygiene awareness, existing downstream specialty chemical marketspace, increasing healthcare facilities, thriving cosmetics and personal care industry, elevating income levels, and technological advancements.
The growing demand in pharmaceutical and solvent applications and utilisation of isopropyl alcohol in the formulation of sanitisers are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major applications include process solvent, cleaning agent, intermediate, and coating solvent, among others.
The major players in the industry are Royal Dutch Shell plc, The Dow Chemical Company, Exxon Mobil Corporation, Sasol Limited, and Chang Chun Group, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124