Isopropyl alcohol Market By Application, By End use industry : Global Opportunity Analysis and Industry Forecast, 2023-2032

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The global isopropyl alcohol market was valued at $2.7 billion in 2022 and is projected to reach $5.9 billion by 2032, growing at a CAGR of 8.1% from 2023 to 2032.

Isopropyl alcohol, also known as isopropanol or rubbing alcohol, is a colorless, flammable chemical compound with the molecular formula C3H8O. It is a secondary alcohol, meaning that the carbon atom to which the hydroxyl group (-OH) is attached is bonded to two other carbon atoms. Isopropyl alcohol is commonly used as a solvent, disinfectant, and cleaning agent due to its properties.

It has a strong odor and evaporates quickly, making it useful in various applications. Isopropyl alcohol is commonly found in household products such as rubbing alcohol, hand sanitizers, and some cleaning agents. It is further used in the pharmaceutical and cosmetic industries, as well as in laboratories for cleaning and disinfecting surfaces and equipment. In addition, it is used as a fuel additive and in the manufacturing of certain chemicals.

Several Applications of IPS in the Cosmetic and Personal Care Industry

Isopropyl alcohol has several applications in the cosmetic and personal care industry due to its properties. It is used as a solvent for various cosmetic ingredients, helping to dissolve and blend substances that are insoluble or difficult to mix with other solvents. It serves as a preservative in cosmetic formulations, helping to extend the shelf life of products by preventing the growth of microorganisms. Isopropyl alcohol is a key ingredient in many nail polish removers. It effectively dissolves and removes nail polish without damaging the nails.

In cosmetic and personal care products like antiseptic wipes or skin cleansers, isopropyl alcohol is used as an antimicrobial agent to disinfect the skin and reduce the risk of infection. It acts as an astringent, helping to tighten and tone the skin. Astringents are often used in skincare products to reduce the appearance of pores and control oiliness. In some oral care products, isopropyl alcohol is used for its antimicrobial properties. Isopropyl alcohol is a key ingredient in many nail polish removers. It effectively dissolves and removes nail polish without damaging the nails. The demand for isopropyl alcohol is increasing rapidly in the cosmetic and personal care industry because of its wide range of applications.

Implementation of stringent environmental regulations and the rise in concerns regarding the impact of chemicals on the environment pose challenges for the isopropyl alcohol market. Compliance with stringent environmental standards requires changes in manufacturing processes, disposal methods, and product formulations. The isopropyl alcohol market faces competition from alternative solvents and cleaning agents that are perceived as more environmentally friendly or safer. The rising environmental regulations and concerns and competition from alternative solvents hamper the growth of the market in the near future.

However, isopropyl alcohol is a common solvent and cleaning agent in laboratories and biomedical research facilities. As research and development activities in the life sciences continue to expand, there is an opportunity for increased demand for isopropyl alcohol in these sectors. The isopropyl alcohol market holds several opportunities within the paints and coatings industry. IPA serves various purposes in this sector due to its properties as a solvent and cleaning agent.

Paints & Coatings Sector Providing Opportunity for Isopropyl Alcohol Market

Isopropyl alcohol is commonly used for paint stripping and surface preparation, as it helps remove old paint and contaminants from surfaces, providing a clean substrate for new coatings. The demand for effective and environmentally friendly paint stripping solutions presents an opportunity for the market. Furthermore, isopropyl alcohol is effective in cleaning and degreasing surfaces before painting. It helps eliminate oils, greases, and other contaminants that affect the adhesion and durability of paint coatings. As industries seek efficient and reliable cleaning solutions, the for isopropyl alcohol in this application is expected to increase. For instance, the automotive industry relies on coatings for both aesthetic and protective purposes. Isopropyl alcohol is used in the production of coatings for automotive applications, including primers, paints, and clear coats. Thus, the growth of the automotive sector is anticipated to open new avenues for the market in the near future.

The global isopropyl alcohol market is segmented on the basis of application, end-use industry, and region. By application, the market is segmented into antiseptic & astringent, cleaning agent, solvent, chemical intermediate, and others. Depending on the end-use industry, it is categorized into cosmetics & personal care, pharmaceutical, food & beverage, paints & coatings, chemicals, electronics, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

The major players operating in the global isopropyl alcohol market are Dow Chemical, Mistral Industrial Chemicals, INEOS Corporation, ReAgent Chemicals Ltd., LyondellBasell Industries, Linde Gas, Ecolab, Royal Dutch Shell, and ExxonMobil Corporation.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the isopropyl alcohol market analysis from 2022 to 2032 to identify the prevailing isopropyl alcohol market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
An in-depth analysis of the isopropyl alcohol market segmentation assists in determining the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes an analysis of the regional as well as global isopropyl alcohol market trends, key players, market segments, application areas, and market growth strategies.

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Technology Trend Analysis
Go To Market Strategy
Market share analysis of players by products/segments
Regulatory Guidelines
Historic market data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
Volume Market Size and Forecast

Key Market Segments

By Application

Antiseptic and Astringent
Cleaning Agent
Solvent
Chemical Intermediate
Others

By End use industry

Cosmetic and Personal Care
Pharmaceutical
Food and Beverage
Paints and Coatings
Chemicals
Electronics
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA

Key Market Players:

Dow Chemical
LyondellBasell
Huntsman Company
Linde Gas
Ecolab
ExxonMobil Corporation
Royal Dutch Shell
INEOS Group
Mistral Industrial Chemicals
ReAgent Chemicals Ltd

Product Code: A13841

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
3.5. Value Chain Analysis
3.6. Pricing Analysis
3.7. Regulatory Guidelines
3.8. Patent Landscape

CHAPTER 4: ISOPROPYL ALCOHOL MARKET, BY APPLICATION

4.1. Overview
- 4.1.1. Market size and forecast
4.2. Antiseptic and Astringent
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. Cleaning Agent
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Solvent
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
4.5. Chemical Intermediate
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
4.6. Others
- 4.6.1. Key market trends, growth factors and opportunities
- 4.6.2. Market size and forecast, by region
- 4.6.3. Market share analysis by country

CHAPTER 5: ISOPROPYL ALCOHOL MARKET, BY END USE INDUSTRY

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Cosmetic and Personal Care
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Pharmaceutical
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
5.4. Food and Beverage
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
5.5. Paints and Coatings
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
5.6. Chemicals
- 5.6.1. Key market trends, growth factors and opportunities
- 5.6.2. Market size and forecast, by region
- 5.6.3. Market share analysis by country
5.7. Electronics
- 5.7.1. Key market trends, growth factors and opportunities
- 5.7.2. Market size and forecast, by region
- 5.7.3. Market share analysis by country
5.8. Others
- 5.8.1. Key market trends, growth factors and opportunities
- 5.8.2. Market size and forecast, by region
- 5.8.3. Market share analysis by country

CHAPTER 6: ISOPROPYL ALCOHOL MARKET, BY REGION

6.1. Overview
- 6.1.1. Market size and forecast By Region
6.2. North America
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by Application
- 6.2.3. Market size and forecast, by End use industry
- 6.2.4. Market size and forecast, by country
  - 6.2.4.1. U.S.
  - 6.2.4.1.1. Market size and forecast, by Application
  - 6.2.4.1.2. Market size and forecast, by End use industry
  - 6.2.4.2. Canada
  - 6.2.4.2.1. Market size and forecast, by Application
  - 6.2.4.2.2. Market size and forecast, by End use industry
  - 6.2.4.3. Mexico
  - 6.2.4.3.1. Market size and forecast, by Application
  - 6.2.4.3.2. Market size and forecast, by End use industry
6.3. Europe
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by Application
- 6.3.3. Market size and forecast, by End use industry
- 6.3.4. Market size and forecast, by country
  - 6.3.4.1. Germany
  - 6.3.4.1.1. Market size and forecast, by Application
  - 6.3.4.1.2. Market size and forecast, by End use industry
  - 6.3.4.2. France
  - 6.3.4.2.1. Market size and forecast, by Application
  - 6.3.4.2.2. Market size and forecast, by End use industry
  - 6.3.4.3. UK
  - 6.3.4.3.1. Market size and forecast, by Application
  - 6.3.4.3.2. Market size and forecast, by End use industry
  - 6.3.4.4. Spain
  - 6.3.4.4.1. Market size and forecast, by Application
  - 6.3.4.4.2. Market size and forecast, by End use industry
  - 6.3.4.5. Italy
  - 6.3.4.5.1. Market size and forecast, by Application
  - 6.3.4.5.2. Market size and forecast, by End use industry
  - 6.3.4.6. Rest of Europe
  - 6.3.4.6.1. Market size and forecast, by Application
  - 6.3.4.6.2. Market size and forecast, by End use industry
6.4. Asia-Pacific
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by Application
- 6.4.3. Market size and forecast, by End use industry
- 6.4.4. Market size and forecast, by country
  - 6.4.4.1. China
  - 6.4.4.1.1. Market size and forecast, by Application
  - 6.4.4.1.2. Market size and forecast, by End use industry
  - 6.4.4.2. Japan
  - 6.4.4.2.1. Market size and forecast, by Application
  - 6.4.4.2.2. Market size and forecast, by End use industry
  - 6.4.4.3. India
  - 6.4.4.3.1. Market size and forecast, by Application
  - 6.4.4.3.2. Market size and forecast, by End use industry
  - 6.4.4.4. South Korea
  - 6.4.4.4.1. Market size and forecast, by Application
  - 6.4.4.4.2. Market size and forecast, by End use industry
  - 6.4.4.5. Australia
  - 6.4.4.5.1. Market size and forecast, by Application
  - 6.4.4.5.2. Market size and forecast, by End use industry
  - 6.4.4.6. Rest of Asia-Pacific
  - 6.4.4.6.1. Market size and forecast, by Application
  - 6.4.4.6.2. Market size and forecast, by End use industry
6.5. LAMEA
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by Application
- 6.5.3. Market size and forecast, by End use industry
- 6.5.4. Market size and forecast, by country
  - 6.5.4.1. Brazil
  - 6.5.4.1.1. Market size and forecast, by Application
  - 6.5.4.1.2. Market size and forecast, by End use industry
  - 6.5.4.2. Saudi Arabia
  - 6.5.4.2.1. Market size and forecast, by Application
  - 6.5.4.2.2. Market size and forecast, by End use industry
  - 6.5.4.3. South Africa
  - 6.5.4.3.1. Market size and forecast, by Application
  - 6.5.4.3.2. Market size and forecast, by End use industry
  - 6.5.4.4. Rest of LAMEA
  - 6.5.4.4.1. Market size and forecast, by Application
  - 6.5.4.4.2. Market size and forecast, by End use industry

CHAPTER 7: COMPETITIVE LANDSCAPE

7.1. Introduction
7.2. Top winning strategies
7.3. Product mapping of top 10 player
7.4. Competitive dashboard
7.5. Competitive heatmap
7.6. Top player positioning, 2022

CHAPTER 8: COMPANY PROFILES

8.1. Dow Chemical
- 8.1.1. Company overview
- 8.1.2. Key executives
- 8.1.3. Company snapshot
- 8.1.4. Operating business segments
- 8.1.5. Product portfolio
- 8.1.6. Business performance
- 8.1.7. Key strategic moves and developments
8.2. LyondellBasell
- 8.2.1. Company overview
- 8.2.2. Key executives
- 8.2.3. Company snapshot
- 8.2.4. Operating business segments
- 8.2.5. Product portfolio
- 8.2.6. Business performance
- 8.2.7. Key strategic moves and developments
8.3. Huntsman Company
- 8.3.1. Company overview
- 8.3.2. Key executives
- 8.3.3. Company snapshot
- 8.3.4. Operating business segments
- 8.3.5. Product portfolio
- 8.3.6. Business performance
- 8.3.7. Key strategic moves and developments
8.4. Linde Gas
- 8.4.1. Company overview
- 8.4.2. Key executives
- 8.4.3. Company snapshot
- 8.4.4. Operating business segments
- 8.4.5. Product portfolio
- 8.4.6. Business performance
- 8.4.7. Key strategic moves and developments
8.5. Ecolab
- 8.5.1. Company overview
- 8.5.2. Key executives
- 8.5.3. Company snapshot
- 8.5.4. Operating business segments
- 8.5.5. Product portfolio
- 8.5.6. Business performance
- 8.5.7. Key strategic moves and developments
8.6. ExxonMobil Corporation
- 8.6.1. Company overview
- 8.6.2. Key executives
- 8.6.3. Company snapshot
- 8.6.4. Operating business segments
- 8.6.5. Product portfolio
- 8.6.6. Business performance
- 8.6.7. Key strategic moves and developments
8.7. Royal Dutch Shell
- 8.7.1. Company overview
- 8.7.2. Key executives
- 8.7.3. Company snapshot
- 8.7.4. Operating business segments
- 8.7.5. Product portfolio
- 8.7.6. Business performance
- 8.7.7. Key strategic moves and developments
8.8. INEOS Group
- 8.8.1. Company overview
- 8.8.2. Key executives
- 8.8.3. Company snapshot
- 8.8.4. Operating business segments
- 8.8.5. Product portfolio
- 8.8.6. Business performance
- 8.8.7. Key strategic moves and developments
8.9. Mistral Industrial Chemicals
- 8.9.1. Company overview
- 8.9.2. Key executives
- 8.9.3. Company snapshot
- 8.9.4. Operating business segments
- 8.9.5. Product portfolio
- 8.9.6. Business performance
- 8.9.7. Key strategic moves and developments
8.10. ReAgent Chemicals Ltd
- 8.10.1. Company overview
- 8.10.2. Key executives
- 8.10.3. Company snapshot
- 8.10.4. Operating business segments
- 8.10.5. Product portfolio
- 8.10.6. Business performance
- 8.10.7. Key strategic moves and developments