Global High-purity Isopropyl Alcohol (IPA) Sales Market Report 2023

High Purity Isopropyl Alcohol Market

Isopropyl alcohol (IUPAC name propan-2-ol; commonly called isopropanol) is a compound with the chemical formula C3H8O. It is a colorless, flammable chemical compound with a strong odor. As an isopropyl group linked to a hydroxyl group, it is the simplest example of a secondary alcohol, where the alcohol carbon atom is attached to two other carbon atoms. It is a structural isomer of 1-propanol and ethyl methyl ether.

Due to the COVID-19 pandemic, the global High-purity Isopropyl Alcohol (IPA) market size is estimated to be worth US$ 97.1 million in 2022 and is forecast to a readjusted size of US$ 149.7 million by 2029 with a CAGR of 6.3% during the forecast period 2023-2029.

Fully considering the economic change by this health crisis, 99.99% Purity accounting for % of the High-purity Isopropyl Alcohol (IPA) global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029.

While Semiconductor segment is altered to an % CAGR throughout this forecast period.

Global High-purity Isopropyl Alcohol (IPA) main players are LCY Chemical, Tokuyama, LG Chem, Isu Chemical, etc. Global top three manufacturers hold a share over 80%. Taiwan is the largest market, with a share over 45%.

The global High-purity Isopropyl Alcohol (IPA) market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global High-purity Isopropyl Alcohol (IPA) market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.

By Type

• 99% Purity
• <99.99% Purity

By Application

• Semiconductor
• PCBs
• LCD Cleaning
• Others

By Region

• United States
• Europe
• China
• Japan
• Southeast Asia
• India

By Company

• LCY Chemical
• Tokuyama
• LG Chem
• Dow Chemical
• Mitsui Chemicals
• ExxonMobil
• Isu Chemical
• Jiangsu Denoir Technology