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North America Isopropyl Alcohol Market Size By End Use (Food, Pharmaceutical, Cosmetic & Personal Care, Medical, Electronics, Automotive, and Others), By Application (Solvent, Cleaning Agent, Chemical Intermediate, Flavouring Agent, Disinfectant, and Others), Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2020 – 2026
Published Date: February 2021 | Publisher: Graphical Research Report ID: GR1666 | Delivery : PDF  Request Free Sample

North America Isopropyl Alcohol Market size exceeded USD 750 million in 2019 and is predicted to register a growth of over 5.5% between 2020 and 2026.

Isopropyl alcohol is colorless and flammable chemical, which is an isomer of 1-propanol and ethyl methyl ether. It is miscible in water, ether, and chloroform. Isopropyl alcohol is produced using three methods: catalytic hydrogenation of aceton, and indirect and direct hydration of propylene. In hydration of propylene, reaction of propylene and sulfuric acid will produce mono- and diisopropyl sulfates, which is hydrolysed to produce isopropyl alcohol. Isopropyl alcohol mainly used as solvents in various transfer hydrogenation reactions.

It is used for manufacturing industrial as well as commercial chemicals such as disinfectants and detergents. It is also used in rubbing alcohol in hospitals, sanitizer, and disinfecting pads. It is also used as an alternative for formaldehyde and different synthetic derivatives.

North American Market, By Application

Based on application, the solvent segment is anticipated to observe around 5% CAGR through 2026. Solvents are used in manufacturing of various chemicals as reaction media for synthesis and separation of chemicals. Solvents are used in chemical manufacturing for extracting chemicals without altering the chemical composition. Some of major applications of industrial solvents are cleaning, paint & oil thinning, and intermediate.

Isopropyl alcohol is soluble in a variety of products and evaporates quickly compared to ethanol. Therefore, it is widely used as a solvent for thinning of oil and paints. Isopropyl alcohols are a replacement for ethanol due to low vapor pressure. The demand for solvents has increased in recent years owing to rising production chemicals and pharmaceutical drugs.

Chemical production has soared in recent years owing increasing demand for paints, coatings, inks, dyes, and cosmetics. This rise in the chemical production levels has augmented the demand for solvents in the North America isopropyl alcohol market.

Chemical intermediates are used in chemical manufacturing during the conversion of reactants into products. isopropyl alcohol is used as an intermediate in manufacturing of isopropyl acetate. It is used for producing aluminium isopropoxides, and sodium isopropylxanthate. It is used as an intermediate in manufacturing paints, inks, and cleaners. The soaring demand for paints and cleaners in North America has propelled the demand for isopropyl alcohol as intermediate.

Use of cleaners and disinfectants has soared in North America owing to growing emphasize on hygiene and cleaning of industrial and residential premises. This increase has boosted the use of isopropyl alcohol for cleaning applications. Further, growing cosmetics and personal care product industry in United States and Canada. This rise has driven the use of isopropyl alcohol in cosmetics product man manufacturing.

North American Market, By End Use

Isopropyl alcohol is used as an antiseptic agent in cosmetic products such as aftershave, nail polish, hand lotions, and varnish base. It is also used for removing foam during the production of liquid finished products and changing the viscosity of cosmetic products. Consumption of cosmetics and personal care products in United States has increased owing to increasing consumer spending on personal care. This rise has propelled the use of isopropyl alcohol in cosmetics product manufacturing.

Competitive Industry Landscape

The major North America isopropyl alcohol industry players include are Dow Chemical, Shell, EcoLab, LG Chem, LyondellBasell Industries, Linde, INEOS, ExxonMobil, Huntsman Corporation, Seton Canada, and Mistral Industrial Chemicals.
 

Frequently Asked Question(FAQ) :

The market for isopropyl alcohol in North America generated USD 750 million in revenue in 2019 and will record a 5.5% CAGR through 2026 with increasing demand for paints, coatings, and other products.
Consumer demand for aftershave, nail polish, and other cosmetics in North America is fueling the consumption of isopropyl alcohol through 2026, which is widely used as antiseptic agent.
North America market share from solvents applications is estimated to grow at 5% CAGR up to 2026 led by rising use of solvents in manufacturing of cosmetics, paints, coatings, and inks, among other formulations.
Dow Chemical, Huntsman Corporation, LG Chem, Seton Canada, Mistral Industrial Chemicals, INEOS, ExxonMobil, Linde, Shell, and LyondellBasell Industries are a few key competitors in North America industry.

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