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North America Isopropyl Alcohol Market to Eyewitness Massive Growth USD 1.9 Billion by 2026

Author : Ronak Bora | Published Date : 2021-09-01 

As the global consumption of disinfectants has significantly augmented since the outbreak of the COVID-19 pandemic, North America isopropyl alcohol market size is anticipated to see growth. Disinfecting surfaces has become a crucial practice that has gained sweeping adoption across residential, commercial, and especially hospital settings, for curtailing the spread of the virus.

Despite the surge in isopropyl alcohol price, it continues to be utilized extensively in the formulation of disinfectants and detergents. By 2026, North America isopropyl alcohol market size is anticipated to transcend $1.9 billion in value, prompted by the increasing popularity of aromatherapy and effective personal care products including aftershave lotions and creams.

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EcoLab, Dow Chemical, INEOS, Seton Canada, LG Chem, ExxonMobil, Linde, and LyondellBasell Industries are some leading isopropyl alcohol manufacturers & suppliers in North America. The compound’s uses include antiseptic ingredient, disinfectant, and solvent, among others. The North America isopropyl alcohol market share is set to expand at a steady pace, facilitated by the following factors:

Rigorous disinfecting protocols across hospitals

The urgency to mitigate the spread of the deadly coronavirus has generated a spiraling demand for isopropyl alcohol sanitizers across the region. With multiple new hospitals, clinics, and makeshift hospitals cropping across the region, North America isopropyl alcohol market forecast is gaining traction across the medical segment.

Ethanol and isopropyl alcohol are some of the commonly deployed chemicals in hospital disinfectants and cleaners. They function as surgical spirits as well. Owing to the need for rigorous cleaning protocols, using highly effective alcohols for disinfecting of surfaces has become mandatory. This is paving the way for the North America isopropyl alcohol market.

Even as COVID-19 cases and fatalities continue to decline across the region, the Food and Drug Administration (FDA) continues to find faulty hand sanitizers that do not comply with the regulatory standards. Isopropyl alcohol based sanitizer and disinfectant manufacturers are developing new products that meet the mandate requirements.

Growing requirement for industrial solvents

In terms of application, North America isopropyl alcohol market share is segmented into disinfectants, cleaning agent, solvent, flavoring agent, chemical intermediate, and others. Of these, apart from the disinfectant segment, the industry share from the solvents is slated to rise at a 5% CAGR between 2020 and 2026.

Solvents are commonly used as a reaction media for manufacturing a variety of chemicals as they help in separation and synthesis. Extraction of chemicals becomes considerably easy when solvents are used, as they prevent alteration in chemical composition. The North America isopropyl alcohol market is also gaining traction due to the growing demand for the product as a thinner for oils and paints.

Augmenting use as antiseptic in cosmetic products

The demand for personal care products is likely to expand through the next decade. Isopropyl alcohol functions as an antiseptic in hand lotions, nail polish, varnish base, and aftershave products. It is used for eliminating foam in liquid finished products as well as for adjusting the viscosity of cosmetic products.

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With social distancing norms preventing regular salon visits, North Americans are purchasing more aftershave products including aftershave lotions and creams. They are spending a considerable portion of their incomes on personal care and beauty products. This is likely to emerge a major trend influencing the North America isopropyl alcohol market. The compound is also used in aromatherapy, which is gaining considerable acclaim of late.

Table of Contents (ToC) of the report:

Chapter 1   Methodology & Scope

1.1    Market definitions

1.2    Market assumptions & forecast parameters

1.3    Appendix

1.4    Data Sources

1.4.1    Primary

1.4.2    Secondary

Chapter 2   Executive Summary

2.1    North America Isopropyl Alcohol industry summary, 2015 - 2026

2.1.1    Business trends

2.1.2    Product trends

2.1.3    Application trends

2.1.4    Country trends

Chapter 3   North America Isopropyl Alcohol Industry Insights

3.1    Industry segmentation

3.2    Industry outlook, 2015 - 2026

3.3    Value Chain

3.4    Regulatory overview

3.5    Market factor analysis

3.5.1    Growth drivers

3.5.2    Growth restraints

3.6    Competition review

3.7    Porter’s analysis

3.8    PESTEL analysis

3.9    Impact of COVID-19 on isopropyl alcohol demand by application

Browse complete Table of Contents (ToC) of this research report @ https://www.graphicalresearch.com/table-of-content/1666/north-america-isopropyl-alcohol-market

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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