Isopropyl Alcohol Market Analysis

Isopropyl Alcohol Market Analysis

The solvent segment will capture USD 4.12 billion and demonstrate a 5.6% CAGR till 2032. Due to rapid adoption of high-quality cleaning agents at homes and commercial sites. Isopropyl alcohol has high resistance to microbes, viruses, bacteria, fungi, mold, and pathogens which makes it compatible with various cleaning solutions. Additionally, increasing demand for high performance cleaning solutions to reduce the spread of viral diseases is likely to augment the market revenue.
 

Increasing awareness on personal hygiene, rapid outbreak of COVID-19, and changing perceptions on sanitation methods are likely to boost the isopropyl alcohol market demand. Isopropyl alcohol is widely used in manufacturing high-quality cleaning agents. Additionally, it is compatible with various kinds of aromatic agents, synthetic, and natural fragrance solutions, which makes it compatible with manufacturing solutions in hospitals, offices, homes, schools, libraries, and shops.
 

The cosmetic and personal care segment held a 49.94% market share in 2023, amounting to USD 3.14 billion, and is projected to grow at a 6.7% CAGR from 2024 to 2032. Due to the expanding food & beverage sector and increasing demand for economic solutions. They are widely used in manufacturing artificial fruit flavours like lemon, orange and lime. Natural flavors deteriorate quickly which reduces the shelf life of products. Industry players are rapidly utilizing these solutions to increase shelf life and improve brand image.
 

Growing food sector and the rapid adoption of high-quality flavoring agents are likely to boost the overall market growth. The product’s dual role in the food industry includes its use as a flavoring agent and to prepare sanitization solutions owing to its compatibility with other chemicals. Its high resonance with lemon-like sourness, efferences, and slightly bitter taste profile makes it popular in manufacturing fast moving food & beverages.
 

Asia Pacific isopropyl alcohol industry is projected to achieve USD 6.12 million, with a CAGR of 7.2% from 2024 to 2032. Due to rapid demand for high quality disinfectants to reduce viral outbreaks and protect workforce. Isopropyl alcohol is widely utilized in manufacturing safe & high-quality sanitizing solutions. Changing consumer perceptions on health & safety and shift in consumer behavior trends owing to the COVID-19 epidemic are likely to increase the use of isopropyl alcohol disinfectant solutions.
 

Industry players in the region are rapidly moving towards expanding their production facilities in an attempt to meet growing demand. Furthermore, increasing cases of COVID-19 and increasing cleanliness & hygiene norms are likely to drive the global market. Manufactures are engaged in new product development to manufacture disinfectants with high susceptibility to wide variety of gram positive & gram-negative bacteria, virus, and pathogens.