市場調查報告書
商品編碼
1468298
2024-2032 年異丙醇市場報告(按應用、產業和地區)Isopropyl Alcohol Market Report by Application, Industry, and Region 2024-2032 |
2023年全球異丙醇市場規模達46IMARC Group美元。對可再生和永續原料採購的日益關注,擴大使用洗手液來保持個人衛生和預防感染,以及電子行業半導體和各種電氣元件產量的增加是推動市場的一些主要因素。
異丙醇,也稱為異丙醇或外用酒精,是一種無色、易燃液體。它與水混溶,這意味著它可以輕鬆地與水混合。它通常是透過在催化劑存在下丙烯水合,然後透過分離和純化過程來分離最終產品來製造的。應小心處理,並將其存放在通風良好的地方,並放在兒童接觸不到的地方。它在醫療機構中保持衛生和預防感染方面發揮著至關重要的作用。此外,它是藥物生產和配製中的重要組成部分。
目前,電子業用於半導體和電子元件製造對異丙醇的需求不斷增加,推動了市場的成長。除此之外,異丙醇在汽車領域的各種應用(例如汽車製造中的清潔和表面處理)的使用不斷增加,也促進了市場的成長。此外,擴大使用香水和止汗劑來防止因出汗過多而產生的體味,這提供了良好的市場前景。除此之外,異丙醇生產的不斷進步以提高其純度並減少雜質的存在,正在支持市場的成長。此外,源自玉米和甘蔗等各種可再生資源的生物基異丙醇的不斷出現正在推動市場的成長。
製藥和醫療保健產業的需求不斷成長
目前,製藥和醫療保健領域不斷成長的需求對異丙醇市場的擴張產生了深遠的正面影響。除此之外,異丙醇作為藥品和醫療保健相關產品製造的重要組成部分,由於全球對醫療保健基礎設施和醫療進步的高度關注,異丙醇的消費量正在激增。此外,製藥業持續的研發活動需要穩定的高品質異丙醇供應,因為它是各種藥物配方過程中的重要溶劑。因此,製藥業的持續創新和擴張維持了對異丙醇需求的增加。
日益關注可再生和永續的原料採購
目前對可再生和永續原料採購的日益關注正在對異丙醇市場的成長產生積極影響。除此之外,在異丙醇的生產中越來越傾向於使用生物基或可再生原料。製造商正在積極探索傳統化石燃料丙烯的替代品,丙烯是異丙醇合成的主要原料。這包括利用再生資源,例如生質能、農業殘留物和廢棄物。透過採用這些永續的採購選擇,異丙醇產業正在適應減少碳足跡和對有限資源依賴的迫切需求。此外,在異丙醇生產中採用永續原料符合各行業的永續發展目標,包括製藥、化妝品和電子產品,異丙醇在這些產業中充當重要的溶劑和清潔劑。
增加洗手液的使用以防止傳染病的傳播
目前,擴大使用洗手液來防止傳染病的傳播,這對異丙醇市場的成長產生了積極影響。除此之外,對洗手液的需求直接轉化為對異丙醇生產的需求增加。異丙醇製造商的訂單持續激增,因為他們努力滿足洗手液生產商和其他依賴這種重要化合物進行各種應用的行業不斷成長的需求。此外,對醫療機構、公共場所和家庭嚴格衛生標準的持續重視進一步維持了對洗手液以及異丙醇的需求。
The global isopropyl alcohol market size reached US$ 4.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 6.3 Billion by 2032, exhibiting a growth rate (CAGR) of 3.4% during 2024-2032. The growing focus on renewable and sustainable sourcing of raw materials, rising utilization of hand sanitizers to maintain personal hygiene and prevent infections, and increasing production of semiconductors and various electrical components in the electronics industry are some of the major factors propelling the market.
Isopropyl alcohol, also known as isopropanol or rubbing alcohol, is a colorless, flammable liquid. It is miscible with water, which means it can be easily mixed with it. It is typically manufactured through the hydration of propylene in the presence of a catalyst, followed by separation and purification processes to isolate the final product. It should be handled with care and kept in a well-ventilated area and out of the reach of children. It plays a crucial role in maintaining hygiene and preventing infections in healthcare settings. Furthermore, it is a vital component in pharmaceutical production and compounding.
At present, the increasing demand for isopropyl alcohol in the electronics sector for the manufacturing of semiconductors and electronic components is impelling the growth of the market. Besides this, the rising employment of isopropyl alcohol in the automotive sector for various applications, such as cleaning and surface preparation in vehicle manufacturing, is contributing to the growth of the market. In addition, the growing utilization of perfumes and antiperspirants to prevent body odors due to excessive sweating is offering a favorable market outlook. Apart from this, increasing advancements in the manufacturing of isopropyl alcohol to improve its purity and reduce the presence of impurities are supporting the growth of the market. Additionally, the rising emergence of bio-based isopropyl alcohol, derived from various renewable sources, such as corn and sugarcane, is bolstering the growth of the market.
Growing demand in the pharmaceutical and healthcare sector
The growing demand in the pharmaceutical and healthcare sector is currently exerting a profoundly positive influence on the expansion of the isopropyl alcohol market. Besides this, isopropyl alcohol, being a crucial component in the manufacturing of pharmaceuticals and healthcare-related products, is witnessing an upsurge in consumption due to the heightened global focus on healthcare infrastructure and medical advancements. Additionally, the continuous research and development activities in the pharmaceutical sector necessitate a steady supply of high-quality isopropyl alcohol, as it serves as an essential solvent in various drug formulation processes. The ongoing innovations and expansions in the pharmaceutical industry are thereby sustaining the heightened demand for isopropyl alcohol.
Rising focus on renewable and sustainable sourcing of raw materials
The rising focus on renewable and sustainable sourcing of raw materials is currently exerting a positive influence on the growth of the isopropyl alcohol market. Besides this, the increasing preference for bio-based or renewable feedstocks in the production of isopropyl alcohol. Manufacturers are actively exploring alternatives to traditional fossil fuel-derived propylene, the primary raw material for isopropyl alcohol synthesis. This includes utilizing renewable sources, such as biomass, agricultural residues, and waste materials. By embracing these sustainable sourcing options, the isopropyl alcohol industry is aligning itself with the imperative to lessen its carbon footprint and reliance on finite resources. Furthermore, the adoption of sustainable raw materials in isopropyl alcohol production aligns with the sustainability goals of various industries, including pharmaceuticals, cosmetics, and electronics, where IPA serves as a crucial solvent and cleaning agent.
Increasing utilization of hand sanitizers to prevent the spread of infectious diseases
The increasing utilization of hand sanitizers to prevent the spread of infectious diseases is currently exerting a positive influence on the growth of the isopropyl alcohol market. Besides this, the demand for hand sanitizers directly translates into an increased need for isopropyl alcohol production. Manufacturers of isopropyl alcohol are experiencing a continuous upsurge in orders as they strive to meet the escalating demands from hand sanitizer producers and other industries that rely on this essential chemical compound for various applications. Moreover, the persistent emphasis on maintaining stringent hygiene standards in healthcare facilities, public spaces, and households further sustains the demand for hand sanitizers and, by extension, isopropyl alcohol.
IMARC Group provides an analysis of the key trends in each segment of the global isopropyl alcohol market report, along with forecasts at the global, and regional levels for 2024-2032. Our report has categorized the market based on application and industry.
Process Solvent
Cleaning Agent
Coating Solvent
Intermediate
Others
Intermediate dominates the market
The report has provided a detailed breakup and analysis of the market based on the application. This includes process solvent, cleaning agent, coating solvent, intermediate, and others. According to the report, intermediate represented the largest segment.
Isopropyl alcohol is considered an important intermediate in various chemical processes and industries due to its versatility and properties. It is widely used as a solvent in various industries, including pharmaceuticals, cosmetics, and manufacturing. It can dissolve a wide array of organic and inorganic compounds, making it valuable in the production of various chemicals. Isopropyl alcohol is commonly employed as a cleaning agent and disinfectant. It is also used to clean surfaces, medical equipment, and electronic components due to its ability to dissolve oils, grease, and other contaminants. It can also be used as a starting material or solvent in the synthesis of various chemicals and pharmaceuticals. It is often used as a reaction medium in chemical processes.
Cosmetic and Personal care
Pharmaceutical
Food and Beverage
Paints and Coatings
Chemical
Others
Chemical holds the largest share in the market
A detailed breakup and analysis of the market based on the industry have also been provided in the report. This includes cosmetic and personal care, pharmaceutical, food and beverage, paints and coatings, chemical, and others. According to the report, chemicals accounted for the largest market share.
Isopropyl alcohol is a widely employed solvent for a variety of chemical processes. It can dissolve a wide array of organic compounds, making it useful for extraction, purification, and as a cleaning agent in labs and manufacturing facilities. It is an effective cleaning component for removing contaminants, oils, greases, and residues from equipment, glassware, and surfaces in chemical laboratories and production environments. Its fast evaporation rate and low residue make it a preferred choice. Isopropyl alcohol can serve as an intermediate or starting material in the synthesis of other chemicals. It can be used to produce acetone, isopropyl acetate, and other compounds through various chemical reactions.
Asia
North America
Europe
South America
Others
Asia exhibits a clear dominance, accounting for the largest isopropyl alcohol market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include Asia, North America, Europe, South America, and others. According to the report, Asia accounted for the largest market share.
Asia held the biggest market share due to the increasing awareness about the significance of maintaining personal hygiene. Besides this, rising improvements in the healthcare sector to provide quality treatment to patients are contributing to the growth of the market. Apart from this, the increasing development and production of pharmaceuticals, including vaccines, is supporting the growth of the market. Additionally, the rising emphasis on cleanliness in various commercial and public settings is strengthening the growth of the market.
North America is estimated to expand further in this domain due to the increasing production of catalysts and solvents in the chemical industry. Moreover, the rising demand for fuel additives in the automotive sector is bolstering the growth of the market.
Key market players are actively expanding their production capacity to meet the increasing need by investing in new production facilities or upgrading existing ones. They are also looking to diversify their product offerings by developing new grades or formulations of isopropyl alcohol to cater to specific industry needs. Top companies are focusing on sustainability by exploring eco-friendly production methods, reducing emissions, and minimizing waste. They are also investing in logistics, distribution networks, and supply chain technology to minimize disruptions. Top companies are investing in quality control measures and regulatory compliance to meet industry standards. They are also exploring new geographical markets or regions for business growth.
The Dow Chemical company
Exxon Mobil
Shell Chemicals Europe B.V.
INEOS Enterprises Group Limited
Super Chemical Technology Co. Ltd.
In April 2020, INEOS Enterprises Group Limited announced the building of the fourth-hand sanitizer plant in Etian to serve the hardhit hospitals in Paris and North Eastern France.
In 2020, Exxon Mobil announced the expansion of the manufacturing of raw materials required for the production of masks, gowns, and hand sanitizers used by healthcare providers.
In June 2022, The Dow Chemical Company announced its agreement with EcoSynthetix Inc. to develop innovative bio-based, biodegradable, and low-carbon solutions in the personal care industry.