Isopropyl Alcohol Market, By Application (Antiseptic & Astringent, Cleaning Agent, Solvent, Chemical Intermediate), By End Use Industry ( Cosmetics & Personal care, Pharmaceutical, Food & beverages, Agrochemicals, Paints & Coatings, Chemical), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Isopropanol or isopropyl alcohol is a clear, colorless liquid that is a major ingredient in rubbing alcohol as well as pharmaceuticals found in regular household items such as cleaners, disinfectants, and hand sanitizers. Isopropyl alcohol is mixed with water for use as a rubbing-alcohol antiseptic, used in aftershave lotions, hand lotions, and other cosmetics Isopropanol or isopropyl alcohol is a clear, colorless liquid that is a key ingredient in rubbing alcohol as well as a medicine found in regular household products such as cleaners, disinfectants, and hand sanitizers. Isopropyl alcohol is mixed with water for use as a rubbing-alcohol antiseptic, used in aftershave lotions, hand lotions, and other cosmetics. Isopropanol it is mainly produced by combining water and propane in a hydration reaction or by hydrogenating acetone, there are two routes to the hydration process, and both processes require isopropyl alcohol to be separated from water and other byproducts by distillation. Propane is one of the basic materials for making isopropyl alcohol, a compound that comes from fossil fuels petroleum, natural gas, and even coal. Propane is one of the byproducts Isopropyl alcohol is said to be the first petrochemical, it can be produced by three different methods namely indirect hydration of propylene, direct hydration of propylene and catalytic hydrogenation of acetone. Cosmetics and personal care and pharmaceuticals industries are expected to increase the demand for isopropyl alcohol in the coming years.

Increase in chemical production, consumption in different end-use industries and economic growth, growing demand for hand sanitizers, and rising demand for hygiene-related products along with the outbreak of Covid-19 will drive the market during the forecast period. Isopropyl alcohol is used as a general cleaner to remove flux residue after soldering and to remove oil, grease and other handling soils. Apart from this, it is also used for purification and extraction of natural products like animal and vegetable oils, waxes, resins, flavors, fats, vitamins, etc. which is positively influencing the growth of the market. The existing downstream specialty chemical market space is also expected to play a major role in driving future product demand and however, high energy costs, corrosive conditions, and pollution issues are the major restraints of the isopropyl alcohol market and health hazards may also restrict the market growth.

Technological advancement

Manufacturers involved in the Isopropyl Alcohol market are developing advanced versions of their products due to new age technological advancements. Advanced technology in manufacturing enables the industry with high production rates and production of high-purity grades that can drive the growth of the isopropyl alcohol market. Disadvantages of this method, such as high energy costs, corrosive conditions, and pollution problems, led to the development of a more efficient technique called catalytic hydrogenation of acetone. Major Isopropyl Alcohol players are investing more in power systems and creating more modern, time-saving, cost-effective technologies that are positively impacting the Isopropyl Alcohol market. In October, the Korea Institute of Science and Technology announced that Dr. Sang Hoon Kim and Dr. A research team led by Gun-Hee Moon of the Extreme Materials Research Center has developed a photo catalyst that can completely decompose alcohol fractions in water. A short period of time by adding very trace amounts of copper to iron oxide, which is used as a catalyst during the advance oxidation process.

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

The Isopropyl Alcohol Market is segmented based on application, end-use industry and region.

Isopropyl Alcohol Market, By Application

On the basis of application, the target market is classified into Antiseptic & Astringent, Cleaning Agent, Solvent, and Chemical Intermediate. An antiseptic is an astringent that can contract or shrink body tissues, while an antiseptic is a substance that can reduce infection in living tissue. Isopropyl alcohol acts as an astringent and is often used in skin toner tightening formulas with astringents like witch hazel, helping to give your skin a smoother appearance and minimize pores. Alum, acacia, sage, yarrow, witch hazel bayberry, distilled vinegar, very cold water and rubbing alcohol are some examples of astringents. While rubbing alcohol can help clean and disinfect hard surfaces, it is not effective against most pathogens. The main ingredient in rubbing alcohol is isopropyl alcohol.

Isopropyl Alcohol Market, By End-Use Industry

On the basis of End-Use Industry, the Isopropyl Alcohol Market is segmented into Cosmetics & Personal care, Pharmaceutical, Food & beverages, Agrochemicals, Paints & Coatings, and Chemical. It is used in aftershave lotions, hand lotions and other cosmetics, in industry it is used as a cheap solvent for cosmetics, medicines, shellacs and gums as well as for destroying ethanol. 70% Isopropyl is used as a disinfectant in the pharmaceutical industry. Importantly, only a 70% solution of isopropyl alcohol kills all surface microorganisms as a disinfectant, used in pharmaceuticals to disinfect hands and equipment surfaces.

Regional Insights:

On region the Isopropyl Alcohol Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region dominated the global isopropyl alcohol market in recent times. This leading industry position in the Asia Pacific region in the global isopropyl alcohol market can be attributed to several important factors, such as rapid growth and increasing demand from the construction industry in the region, growing demand for cosmetic products, growing pharmaceutical industry in the region, and increasing investment in the regional chemical sector.

Report Scope:

Attribute	Details
Base year for estimation	2022
Forecast period	2022 – 2032
Market representation	Revenue in USD Billion & CAGR from 2022 to 2032
Market Segmentation	By Application - Antiseptic & Astringent, Cleaning Agent, Solvent, Chemical Intermediate By End Use Industry - Cosmetics & Personal care, Pharmaceutical, Food & beverages, Agrochemicals, Paints & Coatings, Chemical
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Recent Developments:

• In April 2022, Exxon Mobil ramped up production of raw materials for much-needed masks, gowns and hand sanitizers. Will manufacture up to 200m medical masks or 20m gowns. Isopropyl alcohol production has increased by 3,000 tons/month, which will enable the production of 50m four-ounce bottles of medical-grade hand sanitizer.
• In August 2022, SK Geocentric Co., the chemical unit of South Korea's SK Group said that construction has started for a joint factory with japans corp. Formulation of high purity cleaning agents for semiconductors. SK Geocentric and Tokuyama formed a 50:50 joint venture in December last year to produce and sell high-purity isopropyl alcohol, a solvent widely used in cleaning and dehydrating agents in semiconductor and liquid crystal display manufacturing processes.

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2022 to 2032. For the purpose of this study, has segmented the Isopropyl Alcohol Market report based on application, end-use industry and region:

Isopropyl Alcohol Market, By Application:

• Antiseptic & Astringent
• Cleaning Agent
• Solvent
• Chemical Intermediate

Isopropyl Alcohol Market, By End-Use Industry:

• Cosmetics & Personal care
• Pharmaceutical
• Food & Beverages
• Agrochemicals
• Paints & Coatings
• Chemical

Isopropyl Alcohol Market, By Region:

• • • North America
      • • U.S.
        • Canada
    • Europe
      • • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • • GCC
        • Israel
        • South Africa
        • Rest of Middle East & Africa

The key players operating the Isopropyl Alcohol Market includes

1. Tokuyama Corporation was originally founded in 1918 as Nihon Soda Kogyo Co., Ltd. in 1918. Company founder Katsujio Lwai aimed to start soda ash production in Japan, the company faced the changing environment and contributed to the development and growth of Japan's economy.
2. Deepak Fertilizers & Petrochemicals Corporation is the only manufacturer and supplier of Isopropyl Alcohol in India with an installed capacity of 70,000 MTPA. The company, from the ammonia vertical to a unique play on fertilizers, is changing its overall business strategy.
3. LG Chem is a leading chemical company in Korea that has continuously grown through relentless challenges and innovation since its establishment in 1947.
4. Kailing Chemical Co., Ltd is a subsidiary of feixing group of companies, located in Yangtze International Chemical Industrial Park Zhangjiagang jiangu, which mainly produces green and high efficiency hydrogenation of chemicals. Kelin Chemicals is a major producer of 1, 4-cyclohexane dimethanol and isopropyl acetate and isopropyl alcohol and anhydrous ethanol in China.
5. Exxon Mobil Corp. has announced plans to increase production capacity for the production of polypropylene, which is used to make medical-grade masks, shields and gowns, and isopropyl alcohol, which is used to make hand sanitizer.
6. Puritan Products was founded in 1987 as a supplier and manufacturer of high purity chemicals for the pharmaceutical, biopharmaceutical, and semiconductor and laboratory markets.
7. Dongying Naraye Technology first-class chemicals at the lowest prices are easy to get now from Dongying Rich Chemical Co., Ltd., Dongying, Shandong, Aniline Oil, Methylene Chloride Dimethyl Carbonate, Acetic Acid and numerous production company. Other chemicals.
8. INEOS Enterprises is a global market leader in the production of intermediate chemicals. They have a diverse portfolio of chemical products that are used as essential inputs in chemical value chains across a wide range of markets such as paints coatings, construction, automotive, packaging and medical devices.
9. Mitsui Chemicals is one of the largest chemical companies, producing petrochemicals, carbon products, agrochemicals, pharmaceuticals, information and agrochemicals, pharmaceuticals, information and electronic related products, plastic-based products, specialty chemicals and synthetic or chemical fibers.
10. LCY Group is a world class company with a span of twenty years, the company has developed high value added products in line with industrial trends, and the company's products are widely used in healthcare, industry and household applications.

• Tokuyama Corporation*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Deepak Fertilizers & Petrochemicals Corporation
• LG Chem
• Kailing Chemical Co., Ltd
• Exxon Mobil Corporation
• Puritan Products
• DongYing Naire Technology
• INEOS Enterprises
• Mitsui Chemicals, Inc.
• LCY Group.

 “*” marked represents similar segmentation in other categories in the respective section

1. Research Objective and Assumption
   • Preface
   • Research Objectives
   • Study Scope
   • Years Considered for the study
   • Assumptions
   • Abbreviations
2. Research Methodology
   • Research data
   • Primary Data
     • Primary Interviews
     • Primary Breakdown
     • Key data from Primary Applications
     • Key Thickness Insights
   • Secondary Data
     • Major Secondary Applications
     • Secondary Applications
   • Market Estimation
   • Top-Down Approach
     • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
   • Bottom-Up Approach
     • Approach for estimating market share by Bottom-up Analysis (Demand Side)
   • Market Breakdown and Data Triangulation
   • Research Assumptions
3. Market Preview
   • Executive Summary
   • Key Findings—Global Outlook for medical carts Strategies
     • Key Questions this Study will Answer
     • Market Snippet, By Application
     • Market Snippet, By End-Use Industry
     • Market Snippet, By Region
   • Opportunity Map Analysis
   • Executive Summary—3 Big Predictions
4. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restraints
     • Market Opportunities
     • Market Trends
   • DR Impact Analysis
   • PEST Analysis
   • Porter’s Five Forces Analysis
   • Opportunity Orbit
   • Market Investment Feasibility Index
   • Macroeconomic Factor Analysis
5. Market Segmentation, By Application
   • Overview
     • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
     • Y-o-Y Growth Analysis (%), 2022 – 2032
     • Segment Trends
   • Antiseptic & Astringent
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
   • Cleaning Agent
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
   • Solvent
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
   • Chemical Intermediate
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
6. Market Segmentation, By End-Use Industry, 2022 – 2032, (US$ Bn)
   • Overview                                      
     • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
     • Y-o-Y Growth Analysis (%), 2022 – 2032
     • Segment Trends
   • Cosmetics & Personal care
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
   • Pharmaceutical
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
   • Food & Beverages
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
   • Agrochemicals
     • Overview
     • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2022 – 2032
     •  
7. Global Market, By Region, 2022 – 2032, (US$ Bn)
   • Overview
     • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2022 – 2032
     • Y-o-Y Growth Analysis (%), 2022 – 2032
     • Regional Trends
   • North America
     • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
     • Market Size and Forecast (US$ Bn), By End-Use Industry, 2022 – 2032
     • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
       • U.S.
       • Canada
   • Europe
     • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
     • Market Size and Forecast (US$ Bn), By End-Use Industry, 2022 – 2032
     • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
       • UK
       • France
       • Germany
       • Russia
       • Italy
       • Rest of Europe
   • Asia Pacific
     • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
     • Market Size and Forecast (US$ Bn), By End-Use Industry, 2022 – 2032
     • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
       • India
       • Japan
       • South Korea
       • China
       • Rest of Asia Pacific
   • Latin America
     • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
     • Market Size and Forecast (US$ Bn), By End-Use Industry, 2022 – 2032
     • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
       • Brazil
       • Mexico
       • Rest of Latin America
   • Middle East & Africa
     • Market Size and Forecast (US$ Bn), By Application, 2022 – 2032
     • Market Size and Forecast (US$ Bn), By End-Use Industry, 2022 – 2032
     • Market Size and Forecast (US$ Bn), By Country, 2022 – 2032
       • GCC
       • Israel
       • South Africa
       • Rest of Middle East
8. Competitive Landscape
   • Heat Map Analysis
   • Market Presence and Specificity Analysis
9. Company Profiles

• Tokuyama Corporation
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Deepak Fertilizers & Petrochemicals Corporation
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• LG Chem
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Kailing Chemical Co., Ltd
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Exxon Mobil Corporation
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Puritan Products
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• DongYing Naire Technology
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• INEOS Enterprises
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• Mitsui Chemicals, Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies
• LCY Group
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

1. The Last Word
   • Future Impact
   • About Us
   • Contact