Isopropyl alcohol, also known as IPA, is a colorless and flammable liquid used in various applications, such as in solvents, cleaning agents, and disinfectants. The global isopropyl alcohol market is expected to grow due to increasing demand from various end-use industries, such as healthcare, cosmetics, and electronics. The rise in demand for hand sanitizers and other disinfectants in the wake of the COVID-19 pandemic has also contributed to the growth of the market. However, the market is also facing challenges due to fluctuations in raw material prices, which can affect profit margins for manufacturers. In addition, the use of isopropyl alcohol is also facing regulatory scrutiny due to its potential harmful effects on human health and the environment. The market is also impacted by factors such as supply chain disruptions, trade policies, and competition from alternative solvents.
The global Isopropyl Alcohol Market size is expected to witness potential gains in the future, and register a significant CAGR over the forecast period (2019 - 2027).
Leading Companies in the Isopropyl Alcohol Industry:
1. Denoir Ultra Pure
This Chinese company was founded in 2008 and is headquartered in Shanghai, China. It specializes in the production of high-purity chemicals and gases for the semiconductor industry. Denoir Ultra Pure operates in multiple countries worldwide, including China, Taiwan, Korea, Japan, and the United States.
2. Avantor
This American company was founded in 1904 and is headquartered in Radnor, Pennsylvania. It is a global provider of high-performance materials, chemicals, and equipment for the life sciences, advanced technologies, and applied materials industries. Avantor operates in over 30 countries worldwide, including the United States, China, India, and the United Kingdom. In January, 2023 Avantor, Inc. announced that it has entered into a multi-year supply and services agreement with Catalent, Inc. the leader in enabling the development and supply of better treatments for patients worldwide.
3. Crystal Clean Chemicals
This Canadian company was founded in 2003 and is headquartered in Edmonton, Alberta. It specializes in the production of industrial solvents and chemicals, including isopropyl alcohol. Crystal Clean Chemicals operates in Canada and the United States and is known for its focus on sustainability and environmental responsibility. In August, 2022 Heritage-Crystal Clean, Inc. , a leading provider of parts cleaning, used oil re-refining, and hazardous and non-hazardous waste services primarily focused on small and mid-sized customers, announced it has completed its acquisition of Patriot Enviro0nmental Services, Inc.
4. Gungfu Fine Chemicals
This Chinese company was founded in 1997 and is headquartered in Nanjing, China. It specializes in the production of pharmaceutical and fine chemical products, including isopropyl alcohol. Guangfu Fine Chemicals operates in multiple countries worldwide, including China, the United States, and Europe.
5. Huate Gas
This Chinese company was founded in 1993 and is headquartered in Shanghai, China. It is a leading producer and supplier of industrial gases, including isopropyl alcohol. Huate Gas operates in multiple countries worldwide, including China, Japan, South Korea, and Southeast Asia.
6. OM Group
This American company was founded in 1991 and is headquartered in Cleveland, Ohio. It is a global provider of specialty chemicals and materials, including isopropyl alcohol. OM Group operates in multiple countries worldwide, including the United States, Europe, and Asia.
7. Tokuyama Corporation
This Japanese company was founded in 1918 and is headquartered in Tokyo, Japan. It is a leading producer and supplier of specialty chemicals, including isopropyl alcohol. Tokuyama Corporation operates in multiple countries worldwide, including Japan, the United States, and Europe.
8. Linde
This German company was founded in 1879 and is headquartered in Munich, Germany. It is a global provider of industrial gases, including isopropyl alcohol. Linde operates in over 100 countries worldwide, including Europe, Asia, and the Americas. In April, 2023 Linde announced that it has signed a long-term agreement to supply green hydrogen to Evonik, a leading specialty chemicals company.
9. DongYing Naire Technology
This Chinese company was founded in 2006 and is headquartered in Shandong, China. It specializes in the production of fine chemicals and high-purity solvents, including isopropyl alcohol. DongYing Naire Technology operates in multiple countries worldwide, including China, the United States, and Europe.
10. Puritan Products
This American company was founded in 1919 and is headquartered in Bethlehem, Pennsylvania. It is a leading manufacturer of high-purity chemicals and solvents, including isopropyl alcohol. Puritan Products operates in multiple countries worldwide, including the United States, Europe, and Asia.
*Definition- Isopropyl alcohol, also known as IPA, is a colorless and flammable liquid used as a solvent and cleaning agent. It is also commonly used as a disinfectant and in the production of other chemicals.
