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

The Isopropyl Alcohol market in North America experienced a sustained upward pricing trend throughout the first quarter of 2025. Strong demand from pharmaceutical, healthcare, and solvent-based industries acted as the primary catalyst for this increase. Consumption levels for sanitization, cleaning, and sterilization applications remained high, contributing to an intensified procurement environment. Export prices continued to climb steadily, especially by March, as overseas demand strengthened, and regional supply-side constraints persisted.

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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

The market value of isopropyl alcohol was approximately **** 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 **** billion U.S. dollars.

In 2024, the Malaysian propyl and isopropyl alcohol market increased by 35% to $50M for the first time since 2021, thus ending a two-year declining trend. Overall, consumption showed strong growth. Propyl and isopropyl alcohol consumption peaked at $58M in 2021; however, from 2022 to 2024, consumption failed to regain momentum.

Graph and download economic data for Producer Price Index by Commodity: Chemicals and Allied Products: Ethanol (Ethyl Alcohol) (WPU06140341) from Dec 1973 to Jul 2025 about alcohol, chemicals, commodities, PPI, inflation, price index, indexes, price, and USA.

In 2024, the Latin American propyl and isopropyl alcohol market was finally on the rise to reach $321M for the first time since 2021, thus ending a two-year declining trend. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $343M in 2012; however, from 2013 to 2024, consumption stood at a somewhat lower figure.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

In 2024, the Belarusian propyl and isopropyl alcohol market decreased by -3.3% to $2.6M for the first time since 2021, thus ending a two-year rising trend. Over the period under review, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the peak level at $2.8M in 2013; however, from 2014 to 2024, consumption remained at a lower figure.

For the third year in a row, the Swiss propyl and isopropyl alcohol market recorded growth in sales value, which increased by 3.4% to $22M in 2024. In general, consumption, however, continues to indicate a relatively flat trend pattern. Propyl and isopropyl alcohol consumption peaked at $25M in 2020; however, from 2021 to 2024, consumption remained at a lower figure.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Price-To-Sales-Ratio Time Series for Taiwan Fertilizer Co Ltd. Taiwan Fertilizer Co., Ltd., together with its subsidiaries, manufactures and sells inorganic and organic fertilizers, and other chemical products in Taiwan, the Middle East, and internationally. It provides fertilizer products, such as ammonium sulfate, urea, granular phosphate, single super phosphate, potassium chloride, potassium sulfate, organic and nitro phosphate compound fertilizer, biotec organic compound fertilizers, organic fertilizers, instant water-soluble fertilizers, biopower stimulants, microbial and micronutrient fertilizer, and acidic soil conditioner products. The company also offers chemical products, including urea for industrial applications, melamine, sulfamic acid, anhydrous ammonia, nitric and sulfuric acid, and oleum. In addition, it provides electronic and precision chemicals products, such as hydrochloric, nitric, sulfuric, phosphoric, and acetic acid; and ammonium water, sodium and potassium hydroxide, hydrogen peroxide, photoresist stripper, dimethyl sulfoxide, monoethanolamine, isopropyl alcohol, acetone, n-methyl-2-pyrrolidone, cyclopentanone, edge bead remover, and propylene glycol methyl ether and ether acetate. Further, the company engages construction and leasing of real estate; wholesale of drinks, foods, and groceries; and trade and wholesale of fertilizer, as well as gas station businesses. Taiwan Fertilizer Co., Ltd. was incorporated in 1946 and is headquartered in Taipei, Taiwan.

According to Cognitive Market Research, the global Propanol market size will be USD 4251.5 million in 2025. It will expand at a compound annual growth rate (CAGR) of 7.00% from 2025 to 2033.

North America held the major market share for more than 29% of the global revenue with a market size of USD 1232.94 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.8% from 2025 to 2033.
Europe accounted for a market share of over 24% of the global revenue with a market size of USD 1020.36 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.3% from 2025 to 2033.
APAC held a market share of around 37% of the global revenue with a market size of USD 1573.06 million in 2025 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2025 to 2033.
South America has a market share of more than 3.8% of the global revenue with a market size of USD 161.56 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2025 to 2033.
The Middle East had a market share of around 4.00% of the global revenue and was estimated at a market size of USD 170.06 million in 2025. and will grow at a compound annual growth rate (CAGR) of 6.3% from 2025 to 2033.
Africa had a market share of around 2.20% of the global revenue and was estimated at a market size of USD 93.53 million in 2025. and will grow at a compound annual growth rate (CAGR) of 6.7% from 2025 to 2033.
n-Propanol category is the fastest growing segment of the Propanol industry

Market Dynamics of Propanol Market

Key Drivers for Propanol Market

Rising Demand from Pharmaceutical Industry to Boost Market Growth

The market for propanol is expanding due in large part to the growing demand from the pharmaceutical sector. A common solvent in drug formulation, pharmaceutical intermediate manufacturing, and medical equipment sterilisation is propanol, especially isopropanol. In the production of pharmaceuticals, it is indispensable due to its disinfecting efficacy and compatibility with a wide range of chemical compounds. Additionally, propanol consumption is anticipated to increase due to the globalisation of the healthcare industry and the growing demand for sophisticated medication formulations. The increase in pharmaceutical production and research and development, particularly in developing nations, enhances the market's demand and long-term growth potential.

Expanding Cosmetics and Personal Care Sector to Boost Market Growth

The growing personal care and cosmetics industry is a major factor propelling the propanol market's expansion. Many personal care products, such as lotions, deodorants, fragrances, and hand sanitisers, contain propanol, especially isopropyl alcohol, as a solvent, antiseptic, and preservative. Propanol's quick-drying and antibacterial qualities are driving manufacturers to use it more frequently as consumer demand for hygiene and grooming products rises worldwide, particularly in emerging economies. The use of propanol in formulations is also increasing as a result of product innovation spurred by the expansion of e-commerce and rising customer awareness of skincare and hygiene issues. In the coming years, this trend is expected to continue driving market expansion.

Restraint Factor for the Propanol Market

Volatility in Raw Material Prices Will Limit Market Growth

Price volatility for raw materials is a significant barrier to the propanol market's expansion. Petrochemical feedstocks, such as propylene, which are primarily used to produce propanol, are directly influenced by changes in the price of crude oil. Due to the substantial impact these price fluctuations can have on production costs, manufacturers struggle to maintain consistent pricing and profitability. Supply chain interruptions, shifting global oil production regulations, and geopolitical tensions all add to the unpredictability of raw material availability and cost. This volatility eventually limits the worldwide propanol market's potential for growth by discouraging long-term planning and investment in the sector, especially for small and mid-sized manufacturers. Introduction of the Propanol Market

The colorless, flammable liquid alcohol propanol, commonly referred to as propyl alcohol, comes in two isomers: isopropanol and n-propanol. Chemicals, electronics, food processing, pharmaceuticals, and cosmetics are just a few of the industries that use it ext...

The average price of propylene amounted to some *** U.S. dollars per metric ton in 2023, down from *** dollars per metric ton one year earlier. Production and uses of propylene Propylene, also known as propene, ranks as the second most-consumed primary petrochemical worldwide, only after ethylene. In 2022, propylene accounted for ** percent of the global primary petrochemical consumption. Most of the propylene produced is used to manufacture polypropylene, one of the most common thermoplastic materials used today. The petrochemical compound is also used extensively as a building block to produce diverse chemicals such as isopropyl alcohol, propylene oxide, acrylonitrile, and acrylic acid. In 2020, the global production capacity of propylene stood at *** million metric tons. Polypropylene market The market volume of polypropylene is forecast to follow an increasing trend during the next years, reaching approximately 100 million metric tons by 2029. Similarly, the market value of the compound is expected to increase by more than ** percent in 2029 in comparison with 2021. Similarly to the development of the price of propylene during the last year, the average price of polypropylene in 2023 showed a small decrease in comparison with 2022.

The Guatemalan propyl and isopropyl alcohol market totaled $9.6M in 2024, remaining relatively unchanged against the previous year. Overall, consumption recorded a relatively flat trend pattern. Propyl and isopropyl alcohol consumption peaked at $12M in 2022; however, from 2023 to 2024, consumption remained at a lower figure.

After two years of growth, the Iranian propyl and isopropyl alcohol market decreased by -9.7% to $5.3M in 2024. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Propyl and isopropyl alcohol consumption peaked at $7.9M in 2015; however, from 2016 to 2024, consumption failed to regain momentum.

In 2024, the Moroccan propyl and isopropyl alcohol market was finally on the rise to reach $1.7M after three years of decline. In general, consumption continues to indicate a relatively flat trend pattern. Propyl and isopropyl alcohol consumption peaked at $2M in 2020; however, from 2021 to 2024, consumption stood at a somewhat lower figure.

In 2024, the Chinese propyl and isopropyl alcohol market was finally on the rise to reach $592M for the first time since 2020, thus ending a three-year declining trend. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $634M in 2012; however, from 2013 to 2024, consumption failed to regain momentum.