Isopropyl Alcohol Global Market Report 2026

Isopropyl alcohol is a colorless, volatile, and flammable organic compound with the chemical formula C3H8O, composed of carbon, hydrogen, and oxygen. It is typically produced through the reaction of propylene with sulfuric acid, followed by hydrolysis. Isopropyl alcohol is commonly utilized for disinfection and cleaning purposes, as well as an ingredient in personal care products such as aftershaves and hand sanitizers, thanks to its antibacterial properties, quick-drying nature, and cooling effect.

The primary classifications of isopropyl alcohol are 70% IPA and 90% IPA. The formulation of 70% IPA involves blending isopropyl alcohol with UV-sterilized deionized water in a 70:30 ratio. Production methods encompass indirect and direct hydration techniques, catering to diverse applications such as antiseptic and astringent uses, cleaning agents, solvents, chemical intermediates, and more. These applications span across industries like cosmetics, pharmaceuticals, food and beverages, paints and coatings, chemicals, and others.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs are affecting the isopropyl alcohol market by increasing costs of imported propylene feedstock, processing equipment, packaging materials, and logistics services. Pharmaceutical and personal care manufacturers in North America and Europe are most impacted due to cross-border supply dependence, while Asia-Pacific faces pricing pressure on export volumes. These tariffs are influencing product pricing and supply stability. However, they are also promoting domestic production expansion, regional sourcing strategies, and investments in efficient production technologies.

The isopropyl alcohol market research report is one of a series of new reports from The Business Research Company that provides isopropyl alcohol market statistics, including isopropyl alcohol industry global market size, regional shares, competitors with a isopropyl alcohol market share, detailed isopropyl alcohol market segments, market trends and opportunities, and any further data you may need to thrive in the isopropyl alcohol industry. This isopropyl alcohol market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The isopropyl alcohol market size has grown rapidly in recent years. It will grow from $5.17 billion in 2025 to $5.69 billion in 2026 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to expansion of pharmaceutical manufacturing, growth of cosmetics and personal care industries, rising demand for disinfectants, increased use in industrial cleaning, availability of propylene-based production processes.

The isopropyl alcohol market size is expected to see strong growth in the next few years. It will grow to $8.3 billion in 2030 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to increasing investments in healthcare infrastructure, rising demand for sanitization products, expansion of specialty chemical manufacturing, growing focus on sustainable solvent production, increasing adoption in electronics cleaning applications. Major trends in the forecast period include increasing demand for pharmaceutical-grade ipa, rising use in personal care and hygiene products, growing adoption as industrial cleaning solvent, expansion of chemical intermediate applications, enhanced focus on high-purity grades.

The rising use of personal care and cosmetic products is expected to drive the growth of the isopropyl alcohol market. Personal care and cosmetic products include items applied to the body for grooming, hygiene, and beautification, such as cleaning products, aftershaves, skincare, haircare, nail care, and makeup. Isopropyl alcohol serves multiple functions in these products, including acting as a solvent, antifoaming agent, astringent, and viscosity reducer. For instance, in July 2024, according to the British Beauty Council, a UK-based organization, the personal care sector contributed £27.2 billion ($30.44 billion) to the GDP in 2023, an 11% increase from 2022. Therefore, the growing usage of personal care and cosmetic products is propelling the isopropyl alcohol market.

Product innovation is a significant trend gaining traction in the isopropyl alcohol market. Key players in the industry are concentrating on research and development to introduce innovative products that help them maintain their competitive edge. For example, in August 2024, Eastman Chemical Company, a US-based chemical manufacturer, unveiled EastaPure IPA. This new electronic-grade solvent is specifically designed to provide superior quality for the electronics sector. It features exceptional purity and performance, tailored to meet the rigorous standards of electronics manufacturing. By ensuring high reliability and minimizing contaminant levels, Eastman's product aims to enhance the efficiency and quality of semiconductor and display production, addressing the growing demand for advanced materials in the industry.

In May 2023, In a significant business move, Xinjiang Tianye acquired Tianchen Chemical to optimize their industrial chain and enhance their business structure. This acquisition aligns with Tianyang Group's commitment to industry development and aims to bolster Xinjiang Tianye's standing in the capital market. The acquisition, undisclosed in amount, seeks to coordinate recycling industrial chains and foster healthy business growth.

Major companies operating in the isopropyl alcohol market are The Dow Chemical Company, INEOS Group Limited, Royal Dutch Shell PLC, ExxonMobil Corporation, LG Chem Ltd., Kellin Chemicals Co. Ltd., LCY Chemical Corp, Zhejiang Xinhua Chemical Co. Ltd., China National Petroleum Corporation, Mitsui Chemicals Inc., ENEOS Corporation, Avantor Inc., Jiangsu Denoir Technology Co. Ltd., Tokuyama Corporation, Mitsubishi Chemical Corporation, Galaxy Chemicals, LyondellBasell Industries Holdings B.V., Carboclor S.A., Sasol Limited, Chang Chun Group, DuPont de Nemours Inc., Mistral Industrial Chemicals, Linde Gas, Ecolab Inc., BASF SE, Honeywell International Inc., ReAgent Chemicals Ltd., Guangfu Fine Chemicals, Petrochemical Corporation of Singapore Private Limited, Fushun Petrochemical Company, Yancheng Super Chemical Technology Co. Ltd.

Asia-Pacific was the largest region in the isopropyl alcohol market in 2025 and is expected to be the fastest-growing region in the forecast period. The regions covered in the isopropyl alcohol market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the isopropyl alcohol market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The isopropyl alcohol market consists of sales of technical grade, medical grade (USP), and spectrophotometric grade (ACS) isopropyl alcohol. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Isopropyl Alcohol Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses isopropyl alcohol market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for isopropyl alcohol ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The isopropyl alcohol market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Grade: 70% IPA; 90% IPA
• 2) By Production Method: Indirect Hydration; Direct Hydration
• 3) By Application: Antiseptic And Astringent; Cleaning Agent; Solvent; Chemical Intermediate; Other Applications
• 4) By End-Use: Cosmetics And Personal Care; Pharmaceutical; Food And Beverages; Paints And Coatings; Chemical; Other End-Uses
• Subsegments:
• 1) By 70% IPA (Isopropyl Alcohol): Industrial Grade 70% IPA; Pharmaceutical Grade 70% IPA; Cosmetic Grade 70% IPA
• 2) By 90% IPA (Isopropyl Alcohol): Industrial Grade 90% IPA; Pharmaceutical Grade 90% IPA; Laboratory Grade 90% IPA
• Companies Mentioned: The Dow Chemical Company; INEOS Group Limited; Royal Dutch Shell PLC; ExxonMobil Corporation; LG Chem Ltd.; Kellin Chemicals Co. Ltd.; LCY Chemical Corp; Zhejiang Xinhua Chemical Co. Ltd.; China National Petroleum Corporation; Mitsui Chemicals Inc.; ENEOS Corporation; Avantor Inc.; Jiangsu Denoir Technology Co. Ltd.; Tokuyama Corporation; Mitsubishi Chemical Corporation; Galaxy Chemicals; LyondellBasell Industries Holdings B.V.; Carboclor S.A.; Sasol Limited; Chang Chun Group; DuPont de Nemours Inc.; Mistral Industrial Chemicals; Linde Gas; Ecolab Inc.; BASF SE; Honeywell International Inc.; ReAgent Chemicals Ltd.; Guangfu Fine Chemicals; Petrochemical Corporation of Singapore Private Limited; Fushun Petrochemical Company; Yancheng Super Chemical Technology Co. Ltd.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
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