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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 Regional Analysis
The Asia Pacific to Provide Significant Opportunities for the Market Expansion of Isopropyl Alcohol
The isopropyl alcohol market share in the Asia Pacific is expected to witness a significant growth in the forecast period. This can be attributed to the increased application of isopropyl alcohol in the construction sector to produce adhesives and sealants, lubricants, paints and paint additives, and pigments, among others. This trend is further expected to be aided by the growing government expenditure on infrastructure development activities, fuelled by the rising population in the region. In addition, the rapid expansion of healthcare facilities in the region is also anticipated to supplement the demand for isopropyl alcohol-based cleaning and antiseptic solutions. Meanwhile, North America is anticipated to witness a considerable growth in the forecast period, with the heightened demand for safety and hygiene products in the region, which utilise isopropyl alcohol-based solvents.
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