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.

The market value of isopropyl alcohol was approximately 4.91 billion U.S. dollars worldwide in 2022. The increase in market value in 2020 and 2021 compared to 2019 was due to the ongoing COVID-19 pandemic, as isopropyl alcohol can be used as a disinfectant. By 2030, the global market value of this compound is expected to grow further, to around 6.73 billion U.S. dollars.

Global Isopropyl Alcohol market size is expected to reach $7.79 billion by 2029 at 10.4%, the surge in personal care and cosmetic products fuels the isopropyl alcohol market

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).

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.

The global Isopropyl Alcohol (IPA) market has expanded to reach approximately 3308 thousand tonnes in 2024 and is anticipated to grow at an impressive CAGR of 3.22% during the forecast period until 2035.

Explore the growth potential of Market Research Intellect's Electronic Grade Isopropyl Alcohol Market Report, valued at USD 1.2 billion in 2024, with a forecasted market size of USD 1.9 billion by 2033, growing at a CAGR of 6.2% from 2026 to 2033.

Electronic Grade Isopropyl Alcohol Market Outlook

The global market size for electronic grade isopropyl alcohol was valued at USD 2.3 billion in 2023 and is projected to reach USD 4.1 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.5%. This remarkable growth is driven by the increasing demand for high-purity solvents in the electronics industry, particularly for applications in semiconductor and display technologies.

One of the key growth factors in the electronic grade isopropyl alcohol market is the rising demand for semiconductors. The semiconductor industry, which forms the backbone of modern electronics, requires high-purity solvents like isopropyl alcohol for various cleaning and etching processes. As technological advancements continue to push the boundaries of miniaturization and performance, the need for ultra-pure solvents becomes even more critical. This trend is expected to drive substantial growth in the market over the forecast period.

Another significant growth factor is the increasing adoption of electronic devices globally. From smartphones and tablets to smart home devices and wearables, the proliferation of electronic gadgets has created a robust demand for materials that ensure their reliability and performance. High-purity isopropyl alcohol plays a crucial role in the manufacturing and maintenance of these devices, thus propelling market growth. Additionally, the rise of the Internet of Things (IoT) and 5G technology is anticipated to further augment the demand for electronic grade isopropyl alcohol.

The surge in demand for LCD and LED displays also contributes to the market's expansion. Industries such as automotive, consumer electronics, and aerospace increasingly rely on advanced display technologies, which require meticulous cleaning and manufacturing processes. Electronic grade isopropyl alcohol, known for its excellent solvent properties and high purity, is essential in these applications. This has led to a significant uptick in its consumption, thereby supporting market growth.

The Pharmaceutical Grade Isopropyl Alcohol Sales sector is witnessing a notable surge, driven by its critical role in the healthcare and pharmaceutical industries. This grade of isopropyl alcohol is essential for maintaining stringent hygiene standards, particularly in the production of pharmaceuticals and sanitization products. As global health awareness increases, the demand for high-purity solvents in pharmaceutical applications is expected to rise. This trend is further supported by the growing emphasis on infection control and the need for effective disinfectants in medical settings. The pharmaceutical industry's reliance on isopropyl alcohol for its antiseptic properties underscores its importance in ensuring product safety and efficacy.

Regionally, Asia Pacific is expected to dominate the electronic grade isopropyl alcohol market due to its strong electronics manufacturing base, particularly in countries like China, Japan, South Korea, and Taiwan. The region's robust growth in consumer electronics, automotive, and semiconductor industries makes it a crucial market for high-purity solvents. Additionally, favorable government policies and investments in technology infrastructure are likely to bolster market growth in this region.

Purity Level Analysis

The purity level of electronic grade isopropyl alcohol is a critical factor that determines its suitability for various applications. The segment with 99.99% purity level is expected to witness the highest growth due to its use in ultra-sensitive electronics manufacturing processes such as semiconductor wafer cleaning and advanced photolithography. This high purity level ensures minimal contamination and maximal performance, making it indispensable for high-precision applications. As the demand for advanced electronic devices increases, the market for 99.99% pure isopropyl alcohol is set to expand significantly.

The 99.9% purity level is also a substantial segment in the market. This grade is commonly used in less critical but still highly demanding applications such as PCB manufacturing and certain stages of semiconductor processing. The balance between high purity and cost-effectiveness makes the 99.9% grade a popular choice among manufacturers. As the electronics industry continues to evolve, the demand for this level of purity is expected to grow steadily.

Isopropyl Alcohol Market is projected to reach 5.47 billion by 2033, growing at a CAGR of 4.60% from 2025-2033.

The global isopropyl alcohol market size reached a value of USD 4.87 Billion in 2024. The market is further expected to grow at a CAGR of 4.30% in the forecast period of 2025-2034 to attain USD 7.42 Billion by 2034. The isopropyl alcohol market is expected to surge, owing to the requisite role of isopropyl alcohol in cleaning, sanitization, and disinfectants. The sanitizers market size was further propelled due to increasing demand during the COVID-19 pandemic. Sterilization and sanitization of medical devices is crucial to meet healthcare standards and isopropyl alcohol is most widely used in pharmaceutical and the healthcare sector. The need for hygiene and infection prevention in both hospitals and pharmaceutical facilities have been on the rise and is a key factor driving the market.

Global Isopropyl Alcohol Market size valued at US$ 3.44 Billion in 2023, set to reach US$ 6.56 Billion by 2032 at a CAGR of about 7.44% from 2024 to 2032.

The market size of the Isopropyl Alcohol Market is categorized based on Application (Solvent, Chemical Intermediate, Cleaning Agent, Pharmaceuticals, Personal Care) and End-Use Industry (Pharmaceuticals, Cosmetics and Personal Care, Food and Beverage, Automotive, Chemical Manufacturing) and Grade (Industrial Grade, Pharmaceutical Grade, Cosmetic Grade, Technical Grade, Food Grade) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

In 2024, the global propyl and isopropyl alcohol market increased by 0.3% to $3B, rising for the second consecutive year after two years of decline. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $3.4B. From 2021 to 2024, the growth of the global market remained at a somewhat lower figure.

Global Electronic Grade Isopropyl Alcohol Market is anticipated to experience remarkable expansion, with a projected Compound Annual Growth Rate (CAGR) of 6.74% from 2025 to 2033. According to the market analysis, the market size is forecasted to reach USD 5.24 Billion by the end of 2033, up from USD 2.91 Billion in 2024.

The Global Electronic Grade Isopropyl Alcohol market size to cross USD 5.24

Global Isopropyl Alcohol Market is anticipated to experience remarkable expansion, with a projected Compound Annual Growth Rate (CAGR) of 5.27% from 2025 to 2033. According to the market analysis, the market size is forecasted to reach USD 4.87 Billion by the end of 2033, up from USD 3.07 Billion in 2024.

ISOPROPYL ALCOHOL MARKET SIZE AND FORECAST 2025 TO 2033

The global isopropyl alcohol marke

Global Electronic Grade Isopropyl Alcohol Market Report 2024 comes with the extensive industry analysis of development components, patterns, flows and sizes. The report also calculates present and past market values to forecast potential market management through the forecast period between 2024-2030. The report may be the best of what is a geographic area which expands the competitive landscape and industry perspective of the market.

Global Electronic Grades Isopropyl Alcohol market size 2025 is $74.3 Million whereas according out published study it will reach to $112.139 Million by 2033. Electronic Grades Isopropyl Alcohol market will be growing at a CAGR of 5.28% during 2025 to 2033.

Learn about the expected growth in the propyl and isopropyl alcohol market worldwide, with an anticipated increase in market volume to 2.6M tons and market value to $3.6B by 2035.

Isopropyl Alcohol (IPA) Market Outlook

The global isopropyl alcohol (IPA) market size was valued at approximately $5.3 billion in 2023 and is projected to reach around $7.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 4.5% during the forecast period. This growth can be attributed to the increasing demand across various industries including pharmaceuticals, cosmetics, and personal care, driven by its application as a solvent, cleaning agent, and antiseptic.

The primary growth factor for the IPA market is its extensive use in the pharmaceutical industry. IPA is widely used in drug formulation as a solvent and in the production of pharmaceuticals, medical wipes, swabs, and disinfectants. The increasing emphasis on hygiene and sanitization, especially post-COVID-19, has significantly boosted the demand for IPA-based products in healthcare settings. Furthermore, the rising investment in pharmaceutical R&D and the expansion of production facilities in developing countries are expected to augment market growth.

Another crucial factor contributing to market expansion is the growing application of IPA in the electronics industry. With the increasing production of electronic devices such as semiconductors, printed circuit boards (PCBs), and consumer electronics, the demand for IPA as a cleaning agent has surged. IPA is preferred in the electronics industry due to its effectiveness in removing flux residues and other contaminants without leaving any residue. The rapid advancement in technology and the proliferation of electronic devices will continue to fuel the IPA market.

The cosmetics and personal care industry also plays a pivotal role in driving the IPA market. IPA is an essential ingredient in various personal care products such as hand sanitizers, lotions, and cosmetics due to its quick-drying properties and effectiveness in killing germs. The increasing consumer awareness regarding personal hygiene and grooming, coupled with the rise in disposable income, especially in emerging economies, has led to a heightened demand for IPA in this sector. Moreover, the trend towards natural and organic personal care products is expected to create new opportunities for IPA manufacturers.

Mono IsopropylamIne, a derivative of isopropyl alcohol, is gaining attention in the chemical industry due to its versatile applications. It is primarily used as an intermediate in the synthesis of various pharmaceuticals and agrochemicals. The compound's ability to act as a building block in chemical reactions makes it valuable for producing a wide range of products, including herbicides and insecticides. As the demand for efficient agricultural chemicals rises, the role of Mono IsopropylamIne in enhancing crop yield and protection becomes increasingly significant. Additionally, its application in the production of rubber chemicals and dyes further underscores its industrial importance. The growing focus on sustainable agriculture and the need for effective chemical intermediates are expected to drive the demand for Mono IsopropylamIne in the coming years.

Regionally, Asia Pacific dominates the IPA market, holding the largest share due to the presence of major manufacturing hubs in countries like China, India, and Japan. The region's robust industrial base, coupled with the growing demand for IPA in pharmaceuticals, electronics, and personal care products, drives this dominance. Additionally, the regionÂ’s favorable government policies and investments in expanding production capacities contribute to market growth. North America and Europe also hold significant market shares, driven by high demand in the pharmaceutical and electronics industries and stringent regulatory standards for hygiene and sanitization.

Grade Analysis

The IPA market is segmented by grade into 70% IPA, 90% IPA, and 99% IPA. The 70% IPA segment is predominantly used in medical and healthcare applications due to its optimal concentration for disinfecting surfaces and hands. This grade is widely used in hospitals, clinics, and laboratories for its effectiveness against a broad spectrum of microorganisms, including bacteria, viruses, and fungi. The increasing focus on healthcare infrastructure and hygiene practices across all regions is expected to drive the demand for 70% IPA.

The 90% IPA segment finds substantial application in the electronics and manufacturing industries as a cleaning agent and degreaser. Its higher concent

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.