Research Expert: Sarah Overall
  • Published: Apr 2025
  • Pages: 150
  • SKU: IRTNTR43205

  • Latest News- Isopropyl Alcohol Market: Solvents is expected to lead the Application segment during 2025-2029

    The Isopropyl Alcohol Market is being driven by High volume consumption in solvents

    The Isopropyl Alcohol Market is expected to grow at a CAGR of 4.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 737.8 million. The global isopropyl alcohol market has experienced significant expansion in production capacity over the past few years, with notable growth in China and India. This trend is driven by the increasing demand for isopropyl alcohol in various end-use industries, including consumer products, pharmaceuticals, and household cleaning solutions. The limited production capacity in developed economies has resulted in a reliance on imports to meet the growing demand. Producers are responding to this trend by increasing their production capacities to capitalize on the burgeoning market opportunities. The isopropyl alcohol market is projected to continue its growth trajectory in the next decade, making it a lucrative investment opportunity for businesses. 

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    Which Factors Are Causing a Surge in Market Growth?

    The market is segmented based on

    • Application
      • Solvents
      • Chemical intermediates
      • Pharmaceutical
      • Others
    • End-user
      • Cosmetics and personal care
      • Cleaning agent
      • Food and beverages
      • Others
    • Technology
      • Indirect hydration
      • Direct hydration
    • Grade Type
      • Industrial grade IPA
      • Pharmaceutical grade IPA
      • Cosmetic grade IPA
    • Geography
      • APAC
        • China
        • India
        • Japan
        • South Korea
      • North America
        • Canada
        • US
      • Europe
        • Germany
        • UK
      • South America
        • Brazil
      • Middle East and Africa

      According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

      • High volume consumption in solvents
      • High demand from US and China
      • Growing demand for isopropyl alcohol in chemical industry

      However, the market also witnesses some limitations, which are as follows:

      • Volatility in crude oil prices
      • Environmental regulations over isopropyl alcohol
      • Toxic effects of isopropyl alcohol on human health

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      Market Scope in Isopropyl Alcohol Market Research Report

      Market Scope

      Report Coverage

      Details

      Page number

      250

      Base year

      2024

      Historic period

      2019-2023

      Forecast period

      2025-2029

      Growth momentum & CAGR

      Accelerate at a CAGR of 4.2%

      Market growth 2025-2029

      USD 737.8 million

      Market structure

      market_structure.ucfirst

      YoY growth 2024-2025(%)

      4.0

      Key countries

      US, China, India, Japan, Germany, Canada, South Korea, UK, Australia, and Brazil

      Competitive landscape

      Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

      Request Free Sample

      Find out which segment is leading the market by accessing the free PDF report

      Research Analysis Overview

      Isopropyl Alcohol, a versatile solvent, finds extensive applications in various industries. Key sectors include Solvent Applications for various industries, Cleaning Solutions for household and industrial use, Pharmaceutical Formulations, Cosmetic Ingredients, and Electronic Components. It is also used in Automotive Manufacturing, Aerospace Applications, Food Processing Equipment, and Laboratory Reagents. In addition, Isopropyl Alcohol is utilized in Biotechnology Research, Bioremediation Processes, and for its Antimicrobial Properties in Surface Disinfection and Sterilization Techniques. Its Bactericidal, Virucidal, and Fungicidal effects make it a preferred choice. Isopropyl Alcohol's properties include Solvent Evaporation, Purity Testing, Material Compatibility, Flammability Rating, and Safety Data Sheets. Environmental Impact, Sustainable Manufacturing, Bio-based Production using Renewable Resources, Green Chemistry Practices, Solvent Recovery Systems, Waste Minimization, Nanotechnology Applications, Microfluidic Devices, Biodegradable Materials, and Non-toxic Alternatives are also significant areas of use. High Purity Standards are maintained through Trace Metal Analysis, Analytical Techniques like Spectrophotometric Analysis and Titration Methods, and Product Packaging ensures safe transportation and storage.

      Market Research Overview

      The global specialty chemicals market encompasses businesses specializing in high-value-add chemicals, contributing to the production of a diverse range of products such as fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. According to Technavio, the market's size is determined by the consolidated revenue generated by these manufacturers. Factors propelling the expansion of the specialty chemicals market include the increasing preference for specialty adhesives and sealants, driven by the growing demand for these products in various industries.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.


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      Technavio Research
      Jesse Maida
      Media & Marketing Executive
      US: +1 844 364 1100
      UK: +44 203 893 3200
      Email: media@technavio.com
      Website: www.technavio.com/

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