Get the latest insights on price movement and trend analysis of Isopentyl Alcohol in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Why did the Isopropyl Alcohol (IPA) Price Change in July 2025? The North American Isopropyl Alcohol spot price showed an upward trend in Q2 2025, with an average quarter-over-quarter price increase of approximately 2%.

The Isopropyl Alcohol Market report segments the industry into Application (Process and Preparation Solvent, Cleaning and Drying Agent, Coating and Dye Solvent, Intermediate, Other Applications), End-User Industry (Cosmetics and Personal Care, Healthcare, Electronics, Paints and Coatings, Chemicals, Other End-User Industries), and Geography (Asia-Pacific, North America, Europe, South America, Middle-East and Africa).

As per Cognitive Market Research's latest published report, the Global Isoamyl Alcohol market size will be $198.19 Million by 2029. Isoamyl Alcohol Industry's Compound Annual Growth Rate will be 3.09% from 2023 to 2030.

Asia Pacific Isoamyl Alcohol market size will be USD 66.51 Million by 2029.

What are the key driving factors for the Isoamyl Alcohol market?

Rising cosmetic and personal care industry

Personal care industry encompasses wide array of products, including fragrances, makeup, hair care and coloring products, sunscreen, and products for bathing. This can be attributed to higher consumer spending power, new products, better consumer awareness, advertising and lifestyle changes.

The rising adoption of the cosmetic products, is expected to contribute for the adoption of the isoamyl alcohol in cosmetics, which is projected to accelerate the growth of the market. According to the study, the revenue of the global cosmetics markets increased to 80.74 billion U.S. dollars in 2021. This rise in the demand among the consumers for the several cosmetic products are expected to drive the growth of the market.

Isoamyl alcohol act as solvent for fats, oils and resins in cosmetic formulations. The most common application of isoamyl alcohol is as a fragrance component. Isoamyl alcohol has a nice fruity-winey odor, making it appropriate for usage in cosmetics. The p-methoxycinnamate, an isoamyl alcohol derivative, is also employed as a UV absorber in several cosmetic compositions.

Similarly, isoamyl alcohol also find its usage in soaps, face creams, hair shampoos, hair sprays, and detergents. Isoamyl acetate an esterification product of acetic acid with isoamyl alcohol used for perfume in diverse products.

Isoamyl laurate, the ester of isoamyl alcohol and lauric acid is a popular conditioning agent used in personal care products such as body lotion, eye cream, face masks, lip balm, detangler, and sunscreen.

Additionally, isoamyl alcohol is used as raw material for banana oil which have some important benefits including moisturizing the scalp, soothing the skin, anti-dandruff, slowing hair loss, preventing premature aging, boosting the immune system, etc

As cosmetic and personal care industry is growing, usage of isoamyl alcohol gets stimulated. As a result, rising cosmetic and personal care industry drives the growth of isoamyl alcohol market.

Restraints for Isoamyl Alcohol Market

Toxic nature of isoamyl alcohol coupled with availability of alternatives.(Access Detailed Analysis in the Full Report Version)

Opportunities for Isoamyl Alcohol Market

Rapid industrial usage of isoamyl alcohol.(Access Detailed Analysis in the Full Report Version)

What is Isoamyl Alcohol?

Isoamyl alcohol, also known as (H3C–)2CH–CH2–CH2–OH, is a colorless liquid with a strong alcohol-like odor and the formula C5H12O. It is a kind of chemical substance that is an isomer of amyl alcohol. Isopentyl alcohol, isopentanol, and 3-methyl-butan-1-ol are other names for isoamyl alcohol.

Isoamyl alcohol is a specialty solvent that has a characteristic odor that smells like pear drops. It is widely used in the creation of synthetic tastes and perfumes, as well as for flavors and fragrances. Because of its low eco-tox profile, its application is expanding in various fields.

Isoamyl alcohol is a solvent used in the manufacturing of synthetic fruit flavors such as apricot, banana, cheerful, greengage, malt, orange, plum, and whiskey flavors, as well as a raw ingredient in the creation of synthetic banana oil.

It is also employed in the pharmaceutical, biotech, food, and cosmetics sectors, among many others. It is classified into pharmaceutical grade, industrial grade, and other grades. Several industries, including spice, pharmaceutical, and metallurgical, use isoamyl alcohol as a raw ingredient or solvent. This raises the global demand for isoamyl alcohol.

The price of isopropyl alcohol skyrocketed in the United States amid the coronavirus pandemic in March 2020, reaching 3,160 U.S. dollars per metric tons on March 31, 2020. On March 10, 2020, the U.S. price for this chemical was 880 U.S. dollars per metric ton. Isopropyl alcohol is one of the key ingredients used to produce hand sanitizer and medical disinfectants.

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Isopropyl Alcohol Market Size 2025-2029

The isopropyl alcohol market size is forecast to increase by USD 737.8 million at a CAGR of 4.2% between 2024 and 2029.

The market exhibits growth, driven by its high volume consumption in various industries, including pharmaceuticals, cosmetics, and solvents. The market's expansion is further fueled by capacity expansions and new plant announcements by key players to meet the surging demand. However, the market's growth trajectory is not without challenges. The volatility in crude oil prices significantly impacts the production cost, making it a critical factor to watch. As such, companies must navigate this price volatility to maintain their competitive edge and capitalize on the market's opportunities effectively. The market is witnessing significant growth due to its extensive applications in various industries, particularly in the production of high-purity grades for use in solvents, pharmaceuticals, and personal care products.
In summary, the market presents significant growth potential, underpinned by its diverse applications and capacity expansions. However, market participants must be agile in managing the risks associated with crude oil price fluctuations to maximize their profits and market share. However, the market faces challenges such as volatility in crude oil prices, which impact the production costs.

What will be the Size of the Isopropyl Alcohol Market during the forecast period?

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A versatile solvent plays a significant role in various industries due to its unique properties. In spectrophotometric analysis, it serves as an essential reagent for measuring the absorption of light by substances. Waste minimization is a key trend in usage, with solvent evaporation techniques employed for efficient recovery and reuse. Bioremediation processes utilize in flammability rating reduction and as a solvent for extracting pollutants. Bulk packaging and product development cater to end-use applications, such as electronic components, laboratory reagents, cosmetic ingredients, food processing equipment, and high purity standards in pharmaceuticals and biotechnology research. IPA is a versatile solvent used in numerous applications, including as a raw material in the production of acetone, glycerol, and isopropyl acetate. In the plastics industry, IPA acts as a solvent and a plasticizer
Regulatory approvals and stringent industry standards ensure the antimicrobial properties and virucidal efficacy of in surface disinfection and sterilization techniques. Emerging applications include fungicidal effects, aerospace applications, and microfluidic devices. Technological trends favor material compatibility, bio-based production, and solvent purity testing. Renewable resources and solvent applications contribute to supply chain management and storage and handling. Non-toxic alternatives and sterilization techniques further expand market reach. Industrial solvents, analytical techniques, and antimicrobial properties continue to drive demand. Its role in pharmaceutical formulation, biodegradable materials, and various industries underscores its importance as a valuable industrial commodity. IPA is also used as an astringent in various cosmetics and skincare products. As a chemical intermediate, IPA is used in the production of agrochemicals, contributing to the agricultural sector's growth.

How is this Isopropyl Alcohol Industry segmented?

The report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

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

    Australia
    China
    India
    Japan
    South Korea


  North America

    US
    Canada


  Europe

    Germany
    UK


  South America

    Brazil


  Middle East and Africa

By Application Insights

The solvents segment is estimated to witness significant growth during the forecast period. It is a versatile solvent utilized extensively across various industries for diverse applications. In surface coatings, it functions as a solvent for paint stripping and an alcohol carrier in the production of paints and coatings. Its role extends to acting as a common solvent in refractory coatings. In the realm of solvent applications, it is employed as a solvent for inks and processing agents for natural products such as fats, gums, vegetable and animal oils, and waxes. Additionally, it is used in the manufacture of cleaning and disinfectant solutions for household and comm

Explore the fluctuating price trends of isopropyl alcohol influenced by market demands, the COVID-19 pandemic, and geopolitical events, with insights on future stability and demand.

Isopentyl Alcohol Market Outlook

The global isopentyl alcohol market size was valued at approximately USD 1.2 billion in 2023 and is projected to reach around USD 1.8 billion by 2032, reflecting a compound annual growth rate (CAGR) of 4.5% during the forecast period. The growth of this market can be attributed to the rising demand for isopentyl alcohol in various applications including flavors and fragrances, pharmaceuticals, and chemical intermediates, driven by industrial growth and increasing consumer preferences for enhanced product quality.

One major growth factor contributing to the expansion of the isopentyl alcohol market is its extensive use in the flavors and fragrances industry. Isopentyl alcohol, also known as isoamyl alcohol, is a crucial ingredient in the synthesis of esters, which are essential components in flavor and fragrance formulations. The growing consumer demand for natural and pleasant-smelling products has led to increased usage of isopentyl alcohol in perfumery and flavoring applications. This trend is particularly prominent in emerging markets where disposable incomes are rising, and consumers are willing to spend more on premium personal care and food products.

Additionally, the pharmaceutical industry is playing a significant role in driving the demand for isopentyl alcohol. This compound is widely used as a solvent and chemical intermediate in the production of various pharmaceuticals. The global pharmaceutical industry has been experiencing robust growth, fueled by advancements in drug development, increasing healthcare expenditure, and the rising prevalence of chronic diseases. These factors are expected to sustain the demand for isopentyl alcohol in pharmaceutical applications, thus supporting market growth.

The chemical industry is another critical driver for the isopentyl alcohol market. Isopentyl alcohol serves as an essential chemical intermediate in the production of a wide range of chemicals and solvents. The increasing industrial activities and the growing need for diverse chemical formulations in sectors such as paints and coatings, agrochemicals, and textiles are propelling the demand for isopentyl alcohol. Moreover, the emphasis on sustainability and the shift towards green chemistry practices are encouraging the use of bio-based isopentyl alcohol, further boosting market growth.

From a regional perspective, the Asia Pacific region is expected to exhibit significant growth in the isopentyl alcohol market. This region is characterized by rapid industrialization, urbanization, and a burgeoning middle-class population. Countries like China and India are witnessing substantial growth in their manufacturing and consumer goods sectors, leading to increased consumption of isopentyl alcohol. Moreover, favorable government policies and investments in industrial infrastructure are likely to support market expansion in this region.

Isopentane, a hydrocarbon compound, plays a pivotal role in the chemical industry, particularly in the production of isopentyl alcohol. As a key raw material, isopentane is utilized in various chemical reactions and processes, contributing to the synthesis of isopentyl alcohol. Its properties, such as low boiling point and high volatility, make it an ideal component in the formulation of solvents and intermediates. The demand for isopentane is closely linked to the growth of the isopentyl alcohol market, as it serves as a fundamental building block in the manufacturing process. The increasing industrial activities and the focus on efficient chemical production are driving the demand for isopentane, further supporting the expansion of the isopentyl alcohol market.

Purity Analysis

The purity segment of the isopentyl alcohol market can be categorized into 99%, 98%, and others. The 99% purity grade isopentyl alcohol is highly sought after due to its superior quality and performance characteristics. This high-purity grade is primarily used in critical applications such as pharmaceuticals and high-grade flavors and fragrances where the presence of impurities can significantly impact the efficacy and safety of the final product. The growing pharmaceutical industry, coupled with stringent quality standards, is driving the demand for 99% purity isopentyl alcohol.

On the other hand, the 98% purity grade is

Isopropyl Alcohol (IPA) Market Outlook

The global Isopropyl Alcohol (IPA) market is projected to witness substantial growth, reaching a market size of approximately USD 4.5 billion by 2032, up from USD 3 billion in 2023. This reflects a compound annual growth rate (CAGR) of around 4.7% during the forecast period. The increasing demand for IPA across various sectors such as pharmaceuticals, personal care, and electronics is a significant driver of this growth. The robust expansion in applications, especially as a solvent and cleaning agent, coupled with heightened health awareness and industrial activities, is expected to propel the market forward.

One of the primary growth factors for the IPA market is its extensive use as a solvent in the pharmaceutical industry. With rapid advancements in pharmaceutical formulations and the need for high-purity solvents for drug manufacturing, IPA has become an indispensable component. It is used in the production of a wide range of pharmaceuticals, including antiseptics, disinfectants, and sanitizers, which have seen an upsurge in demand, especially post-pandemic. Additionally, the global trend towards increased healthcare investments and pharmaceutical R&D activities further accelerates IPA consumption, contributing significantly to market growth.

Another critical factor driving the market is the rising demand for IPA in personal care and cosmetic applications. As consumers become more conscious of hygiene and grooming, the demand for products such as lotions, aftershaves, and hand sanitizers, which use IPA as a key ingredient, has soared. The personal care industry is witnessing a trend towards products that offer both aesthetic and functional benefits, reinforcing the need for IPA due to its quick evaporation and effective cleaning properties. Furthermore, the shift towards natural and organic formulations has augmented the requirement for IPA, as it serves as a safe and effective alcohol alternative in many personal care products.

The burgeoning electronics sector also plays a crucial role in bolstering the IPA market. With the surge in electronic device production, particularly in Asia Pacific, IPA is increasingly used in cleaning and as a flux remover during the manufacturing of electronic components. The need for high-purity solvents for precision cleaning in electronics manufacturing has made IPA a preferred choice due to its non-toxic nature and excellent solvency properties. As the electronics industry continues to evolve with the advent of new technologies such as IoT and AI, the demand for IPA in electronic applications is set to experience an upward trajectory.

Isopentanol, also known as isoamyl alcohol, is gaining attention in the chemical industry due to its versatile applications. It is primarily used as a solvent and in the production of esters, which are essential in the fragrance and flavor industries. The growing demand for natural and synthetic flavors in food and beverages is driving the consumption of isopentanol. Additionally, its role as a precursor in the synthesis of various chemical compounds makes it a valuable asset in industrial applications. As industries continue to innovate and develop new products, the demand for isopentanol is expected to rise, contributing to its market growth.

Regionally, the Asia Pacific region dominates the global IPA market, driven by rapid industrialization and the presence of large manufacturing bases in countries like China and India. The pharmaceutical and electronics sectors in these countries are significant consumers of IPA, contributing to the region's market dominance. North America follows closely, with a well-established pharmaceutical industry and growing personal care sector driving IPA demand. The European market, while mature, is witnessing steady growth, supported by stringent hygiene standards and technological advancements in the pharmaceutical and cosmetic industries. Latin America and the Middle East & Africa, though smaller in comparison, present emerging markets with potential growth opportunities driven by increasing industrial activities and consumer awareness.

Grade Analysis

The Isopropyl Alcohol market is segmented by grade, including industrial grade, pharmaceutical grade, cosmetic grade, and electronic grade, each catering to specific industry requirements. Industrial grade IPA is primarily used in cleaning and degreasing applications due to its cost-effectiveness and efficiency in removing oils and other residues.

The global isopentyl alcohol market is experiencing robust growth, driven by increasing demand from diverse sectors. While the exact market size for 2025 isn't provided, a reasonable estimate can be derived by considering typical market growth patterns and the provided CAGR (let's assume a CAGR of 5% for illustrative purposes, this should be replaced with the actual CAGR from the original data). If we assume a 2025 market size of $500 million (this is an assumption for demonstration and needs replacement with actual 2025 market size if available), a 5% CAGR would project substantial growth to approximately $700 million by 2033. This expansion is fueled primarily by the increasing use of isopentyl alcohol in the pharmaceuticals and spices industries, where it serves as a crucial ingredient and solvent. The metallurgical industry also contributes significantly to market demand. Several key trends are shaping the isopentyl alcohol market. The growing focus on sustainable and environmentally friendly chemical solutions is encouraging the development and adoption of more eco-conscious production methods. Furthermore, technological advancements in manufacturing processes are contributing to higher production efficiency and lower costs. However, fluctuating raw material prices and stringent regulations related to chemical manufacturing pose challenges to market expansion. The market is segmented by type and application, with variations in growth rates across different regions, primarily influenced by industrial development and regulatory frameworks. Major players like BASF, Oxiteno, and Petrom are strategically positioned to benefit from this growth, continuously innovating and expanding their product portfolios to meet the rising demand. Future market success will depend on adapting to evolving industry standards, managing environmental concerns, and effectively competing in a globalized marketplace. This comprehensive report provides a detailed analysis of the global isopentyl alcohol market, projecting substantial growth in the coming years. The report delves into market dynamics, competitive landscape, and future trends, offering valuable insights for industry stakeholders, investors, and researchers. Keywords: Isopentyl Alcohol Market, Isoamyl Alcohol Market, 3-Methyl-1-butanol Market, Isoamyl Alcohol Production, Isoamyl Alcohol Applications, Isoamyl Alcohol Price, Isopentyl Alcohol Suppliers, Isoamyl Alcohol Manufacturers

In 2022, the market volume of isopropyl alcohol worldwide amounted to roughly 2.3 million metric tons. It is forecast that the market volume of this organic compound will grow to around 2.88 million metric tons worldwide in the year 2030.

Isopropyl Alcohol Market Outlook

The global isopropyl alcohol market size was valued at approximately USD 3.5 billion in 2023 and is projected to reach around USD 6.1 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period. This significant growth is attributed to the increasing demand across various sectors, including medical and healthcare, industrial, and personal care, driven by the compound's versatility and effectiveness as a solvent and disinfectant.

One of the primary growth factors for the isopropyl alcohol market is its widespread application in the medical and healthcare sector. The COVID-19 pandemic has underscored the importance of disinfectants, significantly boosting the demand for isopropyl alcohol-based products. Hospitals, clinics, and other healthcare facilities have ramped up their use of isopropyl alcohol for sanitization and sterilization purposes. Moreover, with the growing awareness about hygiene and infection control, the demand for hand sanitizers—which prominently feature isopropyl alcohol—has skyrocketed and is expected to maintain an upward trajectory.

The industrial sector also contributes to the burgeoning demand for isopropyl alcohol. Its utility as a solvent in the manufacture of chemicals, pharmaceuticals, and electronics showcases its indispensable role in industrial applications. The substance's effectiveness in cleaning and maintaining machinery and equipment, coupled with its use in the production of cleaning agents, paints, and coatings, further propels market growth. Additionally, the shift towards sustainable and safer solvents in various industrial processes bodes well for the future adoption of isopropyl alcohol.

In the realm of electronics manufacturing, the demand for high-purity solvents is paramount, and Electronic Grade Isopropanol plays a crucial role. This specific grade of isopropanol is essential for the cleaning and maintenance of sensitive electronic components, ensuring that no residues or impurities compromise the functionality of devices. As the electronics industry continues to evolve with advancements in technology, the need for reliable and effective cleaning agents like Electronic Grade Isopropanol becomes even more pronounced. The growth of sectors such as semiconductors, where precision and cleanliness are critical, further underscores the importance of this grade. Consequently, the market for Electronic Grade Isopropanol is poised to expand, driven by the increasing complexity and miniaturization of electronic devices.

Furthermore, the personal care and household sectors are significant contributors to the market's expansion. Isopropyl alcohol is extensively used in personal care products, including cosmetics and toiletries, for its properties as an antiseptic and solvent. The surge in consumer spending on personal care products, coupled with an increasing awareness of personal hygiene, fuels this demand. In household applications, isopropyl alcohol is commonly employed as a cleaning agent for its efficacy in disinfecting surfaces, thereby driving its market growth.

Regionally, the Asia Pacific market is expected to exhibit robust growth due to the rapidly expanding pharmaceutical and personal care industries in countries like China and India. The North American market benefits from substantial industrial and healthcare infrastructure, driving consistent demand. Europe is also a significant market, with stringent regulations promoting the use of effective disinfectants and solvents. The Middle East & Africa and Latin America, though smaller in market size, are anticipated to experience steady growth driven by improving healthcare facilities and increasing industrial activities.

Grade Analysis

The isopropyl alcohol market is segmented by grade, including 99% purity, 70% purity, 91% purity, and others. The 99% purity segment holds a significant share, driven by its application in industries requiring high-purity solvents. This grade is particularly favored in pharmaceuticals and electronics manufacturing, where the presence of impurities can compromise product quality. The growing pharmaceutical and electronics industries, especially in developing regions, further bolster the demand for high-purity isopropyl alcohol. Moreover, the stringent regulations in these industries necessitate the use of high-quality raw materials, reinforcing the market for 99% purity isopropyl alcohol.

India Isopropyl Alcohol (IPA) Market achieved a total market volume of 67.34 thousand Metric Tonnes in 2024 and is expected to reach USD 79.71 thousand metric tonnes with a projected Compound Annual Growth Rate (CAGR) of 2.81% during the forecast period.

After two years of growth, the Iranian propyl and isopropyl alcohol market decreased by -8.1% to $5.4M in 2024. Overall, consumption, however, showed a relatively flat trend pattern. Propyl and isopropyl alcohol consumption peaked at $7.8M in 2015; however, from 2016 to 2024, consumption remained at a lower figure.

The Europe Isopropyl Alcohol Market would witness market growth of 7.5% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 285.44 kilo tonnes, showcasing a growth of 6.7% (2019-2022). Isopropyl alcohol is a printing and ink-manufacturing solvent. It

In US Isopropyl Alcohol Market, offering valuable insights, key market trends, competitive landscape, and future outlook to support strategic decision-making and business growth.

GCC Isopropyl Alcohol Market size is estimated to grow at a CAGR of around 5.2% during the forecast period 2024-2030.

Isopropyl Alcohol Market size was valued at USD 3.23 Billion in 2024 and is projected to reach USD 6.04 Billion by 2031, growing at a CAGR of 8.16 % from 2024 to 2031.Global Isopropyl Alcohol Market DriversThe market drivers for the Isopropyl Alcohol Market can be influenced by various factors. These may include:Industrial uses: Isopropyl alcohol is frequently employed as a solvent in a range of industrial procedures, such as cleaning, disinfection, and manufacturing. The expansion of sectors like electronics, cosmetics, and medicines affects the need for IPA.Demand for disinfection: Isopropyl alcohol is used for sanitization in homes, labs, and hospitals since it is an efficient disinfectant. The market for IPA-based disinfectants is driven by the growing emphasis on hygiene and cleanliness, particularly in light of public health issues like pandemics.Applications in medicine: Medication and topical treatments are among the goods made with isopropyl alcohol as a solvent. The expansion and innovation of the pharmaceutical sector fuel the need for IPA.Electronics industry: Because isopropyl alcohol dissolves impurities without harming them, it is frequently used to clean circuit boards and electronic components. The need for IPA is increased by the growth of the electronics sector, which is fueled by technological improvements and the rising need for electronic gadgets.

Dive into Market Research Intellect's Sterile Isopropyl Alcohol Market Report, valued at USD 1.5 billion in 2024, and forecast to reach USD 2.8 billion by 2033, growing at a CAGR of 8.5% from 2026 to 2033.

Market Analysis for Isopropyl Alcohol The global isopropyl alcohol market is poised for substantial growth, with a market size estimated at 3.18 million in 2025 and projected to reach $4.87 million by 2033, exhibiting a CAGR of 4.54% during the forecast period. This growth is attributed to its versatility as a process solvent, cleaning agent, and pharmaceutical intermediate. The thriving healthcare, cosmetics, and electronics industries are major drivers of demand. Key trends influencing the market include the rising adoption of isopropyl alcohol in healthcare settings as a disinfectant and antiseptic agent, the increasing use in the electronics industry for cleaning and degreasing purposes, and the growing demand from emerging economies in Asia Pacific and South America for personal care and cleaning applications. However, fluctuations in raw material prices and stringent environmental regulations pose challenges to the market's growth. The market is highly competitive, with major companies such as Dow, INEOS, LG Chem, and Shell PLC holding significant market shares. Regional analysis reveals that Asia Pacific is the dominant market, owing to the presence of key end-use industries and the growth of the healthcare sector in the region. Recent developments include: June 2023: ExxonMobil invested approximately USD 264 million in new projects in Baton Rouge area facilities. Under these projects, the company included a new production unit to produce high-grade isopropyl alcohol for microchip manufacturing and a new resin production facility at ExxonMobil’s Port Allen lubricants plant. The project investment decision is expected to be finalized in the first half of 2024.. Key drivers for this market are: Rising Demand for Isopropyl Alcohol from the Pharmaceutical Industry, Growing Utilization of Isopropyl Alcohol in the Personal Care and Cosmetics Industry. Potential restraints include: Rising Demand for Isopropyl Alcohol from the Pharmaceutical Industry, Growing Utilization of Isopropyl Alcohol in the Personal Care and Cosmetics Industry. Notable trends are: Healthcare Industry to Dominate the Market.