Isopropyl Alcohol Market, 2024 Industrial Trends, Future Developments, Regional Outlook and Forecast 2032
Introduction Isopropyl alcohol market , also known as isopropanol or 2-propanol, is a volatile, colorless liquid with a strong odor. As a secondary alcohol, it is widely used in various industrial and household applications. The global Isopropyl alcohol market is experiencing significant growth due to its extensive use as a solvent, disinfectant, and antiseptic, particularly in the healthcare and pharmaceutical sectors. Isopropyl alcohol market Size was valued at USD 3.50 Billion in 2023. The isopropyl alcohol industry is projected to grow from USD 3.78 Billion in 2024 to USD 6.58 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.16% during the forecast period (2024 - 2032). Market Drivers Healthcare and Pharmaceutical Industries : The COVID-19 pandemic has underscored the importance of disinfectants and sanitizers, driving the demand for IPA. It is a key ingredient in hand sanitizers, disinfectant wipes, and cleaning agents used in medical settings. The ongoing f