Isopropyl Alcohol Market - Size, Share, Trends, and Forecast 2019 - 2027

  • To Be Published : Nov 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

The global isopropyl alcohol market size is expected to witness potential gains in the future, and register a significant CAGR over the forecast period (2019 - 2027).

Market Overview

Isopropyl alcohol is an isomer of propyl alcohol used in the manufacture of a wide variety of industrial and household chemicals. It is used in the manufacture of acetone and glycerin and is a readily available alcohol. It is also used in aftershave lotions, hand lotions, and other cosmetics. Water and propene are combined in a hydration reaction to produce isopropyl alcohol. Hydrogenating acetone also yields isopropyl alcohol.

Market Dynamics

Isopropyl alcohol is mainly used as a solvent for coatings, which increases its demand from the paints and coatings industry. This in turn aids in growth of the global isopropyl alcohol. Isopropyl alcohol also acts as an intermediate in production of several chemicals such as Isopropyl acetate, sodium isopropylxanthate, titanium and aluminum isopropoxides.

Isopropyl alcohol also finds application in the medical sector as a sanitizer and disinfectant. Increasing prevalence of otitis externa is also expected to boost growth of the market as isopropyl alcohol is used as a water-drying aid for the prevention of otitis externa.

Isopropyl alcohol is used as major ingredient in gas dryer fuel additives in the automotive industry. Therefore, increasing demand for isopropyl alcohol from the automotive industry is also expected to boost the market growth.    

Market Outlook

On the basis of region, the market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The market in Europe is driven by significant growth in the automobiles industry. Growing paints and coatings industry in emerging economies of China and India is expected to boost market share of Asia Pacific in the global market. The market in North America is mainly driven by the U.S. The U.S. is one of the major manufacturers of isopropyl alcohol. Presence of major pharmaceutical companies in the region is also expected to contribute to the market growth.

Among end-use industries, the chemicals industry is a major user of isopropyl alcohol. Isopropyl alcohol is used for manufacturing chemical compounds such as isopropyl acetate, glycerol, acetone, isopropyl esters, methyl isobutyl ketone, and isopropyl amines.   

Key Players

Major players operating in the global isopropyl alcohol include, Denoir Ultra Pure, Avantor, Crystal Clean Chemicals, Guangfu Fine Chemicals, Huate Gas, OM group, Tokuyama Corporation, Linde, DongYing Naire Technology, and Puritan Products.

Choose License Type

"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

[email protected]

Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.