The global Isopropyl Alcohol (IPA) market size is projected to reach USD 2.38 billion by 2029

Isopropyl Alcohol is an isomer of propyl alcohol with antibacterial properties. Although the exact mechanism of isopropanol's disinfecting action is not known, it might kill cells by denaturing cell proteins and DNA, interfering with cellular metabolism, and dissolving cell lipo-protein membranes. Isopropanol is used in soaps and lotions as an antiseptic.

With COVID-19 raging around the world, Isopropyl Alcohol is one of the few industries that benefits from it. It is expected that by 2020, almost all Isopropyl Alcohol units in the world will be operating at full capacity, and some units will exceed the production capacity.

CDC recommendations reflect the important role of hand hygiene for preventing the transmission of pathogens in healthcare settings for a wide range of pathogens. The ability of hand hygiene, including hand washing or the use of alcohol-based hand sanitizers to prevent infections is related to reductions in the number of viable pathogens that transiently contaminate the hands. Hand washing mechanically removes pathogens, while laboratory data demonstrate that 60% ethanol and 70% isopropanol, the active ingredients in CDC-recommended alcohol-based hand sanitizers, inactivates viruses that are genetically related to, and with similar physical properties as, the 2019-nCoV. CDC recommends the use of alcohol-based hand sanitizers with greater than 60% ethanol or 70% isopropanol as the preferred form of hand hygiene in healthcare settings, based upon greater access to hand sanitizer. Health care providers who use alcohol-based hand sanitizers as part of their hand hygiene routine can inform patients that they are following CDC guidelines.

According to the new market research report “Global Isopropyl Alcohol (IPA) Market Report 2023-2029”, published by GlobalInfoResearch, the global Isopropyl Alcohol (IPA) market size is projected to reach USD 2.38 billion by 2029, at a CAGR of 0.8% during the forecast period.

• Global Isopropyl Alcohol (IPA) MarketSize(US$ Million), 2018-2029

Source: GlobalInfoResearch, “Global Isopropyl Alcohol (IPA) Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”(IPA) Market Report 2023-2029.

• Global Isopropyl Alcohol (IPA) Top14Players Ranking and Market Share（Based on data of 2021, Continually updated）

Source: GlobalInfoResearch, “Global Isopropyl Alcohol (IPA) Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2029”(IPA) Market Report 2023-2029.

The global key manufacturers of Isopropyl Alcohol (IPA) include Dow, ExxonMobil Chemical, Shell, INEOS, LG Chem, CNPC, LCY Chemical, Zhejiang Xinhua Chemical, Shandong Dadi, JXTG Nippon Oil & Energy, etc. In 2020, the global top five players had a share approximately 59.0% in terms of revenue.

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