Isopropyl Alcohol Market Size To Reach $3.4 Billion By 2030

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.

 Request a free sample copy or view report summary: Isopropyl Alcohol Market Report

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.

Isopropyl Alcohol Market Segmentation

Grand View Research has segmented the global isopropyl alcohol market on the basis of on application, end-use and region:

Isopropyl Alcohol Application Outlook (Revenue, Kilo Tons, USD Million, 2018 - 2030)

• Antiseptic & Astringent

• Cleaning Agent

• Solvent

• Chemical Intermediate

• Other

Isopropyl Alcohol End-use Outlook (Revenue, Kilo Tons, USD Million, 2018 - 2030)

• Cosmetics & Personal Care

• Pharmaceutical

• Food And Beverages

• Paints And Coatings

• Chemical

• Other

Isopropyl Alcohol Regional Outlook (Revenue, Kilo Tons, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

  • Netherlands

  • Italy

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

• Central and South America

  • Brazil

  • Argentina

• Middle East and Africa

  • Saudi Arabia

  • South Africa

List of Key Players in the Isopropyl Alcohol Market

• Dow Chemical

• Mistral Industrial Chemicals

• INEOS Corporation

• ReAgent Chemicals Ltd.

• LyondellBasell Industries

• Linde Gas

• Ecolab

• Royal Dutch Shell

• ExxonMobil Corporation