The Global Isopropyl Alcohol Market was valued at USD 2,580.88 Million in 2023 and is projected to reach USD 3,099.70 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 3.10% during the forecast period (2024–2029). This growth is fueled by rising demand from pharmaceuticals, cosmetics, and industrial disinfectant sectors, along with increasing applications as a chemical intermediate in manufacturing processes.

Isopropyl alcohol (IPA), known for its antibacterial and solvent properties, remains a critical component across multiple industries. In this blog, we analyze the Top 10 Companies in the Isopropyl Alcohol Industry—global chemical manufacturers and specialty producers shaping supply chains and innovation.

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🔟 1. Dow Chemical Company

Headquarters: Midland, Michigan, USA
Key Offering: Industrial and Pharmaceutical Grade IPA

Dow is a leading producer of isopropyl alcohol, serving diverse industries through its advanced petrochemical operations. The company provides high-purity IPA for pharmaceuticals, electronics cleaning, and industrial applications.

Market Position:

• Global production capacity exceeding 500,000 tons annually
• Strategic presence in North America and Asia-Pacific markets
• Commitment to sustainable production methods

Download FREE Sample Report: Global Isopropyl Alcohol Market – View in Detailed Research Report

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9️⃣ 2. ExxonMobil Chemical

Headquarters: Spring, Texas, USA
Key Offering: Technical and USP Grade IPA

ExxonMobil’s chemical division is a major IPA supplier with vertically integrated production from refinery-grade propylene. The company serves industrial and pharmaceutical sectors with high-quality solvent solutions.

Market Position:

• Integrated production from crude oil to finished IPA
• Key partnerships with disinfectant manufacturers
• Stringent quality control measures

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8️⃣ 3. LyondellBasell Industries

Headquarters: Houston, Texas, USA
Key Offering: Industrial Grade IPA, Specialty Solvents

As one of the world’s largest plastics, chemicals, and refining companies, LyondellBasell produces substantial volumes of IPA for global markets, with strong applications in automotive and electronics sectors.

Market Position:

• Annual capacity exceeding 300,000 metric tons
• Pioneering circular economy initiatives
• Global distribution network

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7️⃣ 4. INEOS Enterprises

Headquarters: London, United Kingdom
Key Offering: Pharmaceutical and Electronic Grade IPA

INEOS is a major European producer of isopropyl alcohol with advanced purification capabilities, serving critical applications in healthcare and technology industries.

Market Position:

• Leading supplier to European pharmaceutical industry
• ISO 9001 certified facilities
• Specialized in high-purity formulations

Download FREE Sample Report: Global Isopropyl Alcohol Market – View in Detailed Research Report

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6️⃣ 5. LG Chem

Headquarters: Seoul, South Korea
Key Offering: Ultra-High Purity IPA for Electronics

LG Chem dominates Asia’s electronic-grade IPA market, supplying critical solutions for semiconductor manufacturing and display production.

Market Position:

• Market leader in Asian electronics supply chains
• PPB-level purity standards
• Continuous R&D for electronics applications

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5️⃣ 6. Mitsui Chemicals

Headquarters: Tokyo, Japan
Key Offering: Specialty and Medical Grade IPA

Mitsui Chemicals produces premium-grade isopropyl alcohol with stringent quality controls for Japanese and international pharmaceutical markets.

Market Position:

• JP/EP/USP compliant pharmaceutical IPA
• Advanced solvent application research
• Strategic partnerships in healthcare sector

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4️⃣ 7. Royal Dutch Shell

Headquarters: The Hague, Netherlands
Key Offering: Industrial Solvent Grade IPA

Shell Chemicals produces isopropyl alcohol as part of its integrated petrochemical portfolio, supplying bulk quantities to industrial users globally.

Market Position:

• Extensive global distribution network
• Focus on industrial cleaning applications
• Competitive pricing for bulk buyers

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3️⃣ 8. JXTG Nippon Oil & Energy

Headquarters: Tokyo, Japan
Key Offering: High-grade IPA for Cosmetics and Pharma

Japan’s largest oil refiner produces premium isopropyl alcohol with particular strength in Asian markets and specialty applications.

Market Position:

• Dominant position in Japanese market
• Expanding capacity for disinfectant applications
• Premium quality formulations

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2️⃣ 9. Deepak Fertilisers

Headquarters: Mumbai, India
Key Offering: Domestic Market IPA Solutions

Deepak Fertilisers is India’s leading isopropyl alcohol producer, serving pharmaceutical and industrial sectors with locally manufactured products.

Market Position:

• Key supplier to Indian pharmaceutical industry
• Expanding to meet growing domestic demand
• Cost-effective local production

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1️⃣ 10. CNPC Jilin Chemical

Headquarters: Jilin, China
Key Offering: Industrial Use IPA

As part of China National Petroleum Corporation, Jilin Chemical is a major producer serving China’s extensive manufacturing sector.

Market Position:

• Market leader in China’s domestic IPA sector
• Competitive pricing strategy
• Large-scale production capabilities

Get Full Report Here: Global Isopropyl Alcohol Market – View in Detailed Research Report

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🌍 Outlook: The Future of Isopropyl Alcohol Market

The global isopropyl alcohol market continues to evolve with growing demand from healthcare, electronics, and specialty chemical sectors. While traditional applications in cleaning and disinfection remain strong, emerging uses in pharmaceutical manufacturing are creating significant growth opportunities.

📈 Key Market Trends:

• Expanding pharmaceutical manufacturing in emerging economies
• Sustained hygiene awareness post-pandemic
• Growing demand for ultra-high purity IPA in electronics manufacturing
• Regulatory shift toward safer solvent alternatives

Get Full Report Here: Global Isopropyl Alcohol Market – View in Detailed Research Report

The companies profiled represent the industry leaders meeting global demand for isopropyl alcohol while driving innovation in production and application technologies across diverse industries.