Top Isopropyl Alcohol Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Isopropyl Alcohol Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Isopropyl Alcohol industry players.

Isopropyl Alcohol Market Competitive Landscape

The global isopropyl alcohol industry is highly competitive, characterized by a mix of global chemical giants, regional manufacturers, and emerging startups. Key players such as Dow, LyondellBasell, BASF, and ExxonMobil continue to dominate the landscape through extensive production capabilities, strategic partnerships, and technological advancements aimed at improving product quality and sustainability.

  • GreenFerm BioTech (Founded in 2018): GreenFerm BioTech, based in the Netherlands, focuses on developing sustainable, bio-based solvents including IPA, produced through the fermentation of renewable biomass instead of petrochemicals. Their core goal is to provide environmentally friendly alternatives for the pharmaceutical and cosmetics industries without compromising on purity or efficacy.
  • Solugen (Founded in 2017): Based in Houston, Texas, Solugen utilizes enzymatic processes to manufacture hydrogen peroxide and other chemicals, including IPA precursors, from plant-based feedstocks. Their primary mission is to revolutionize the chemical industry by replacing fossil fuel-based production with carbon-negative biochemical manufacturing.

Top Player’s Company Profile

  • ExxonMobil Corporation
  • Dow Chemical Company
  • BASF SE
  • Eastman Chemical Company
  • SK geo centric
  • Tokuyama Corporation
  • INEOS Group Limited
  • Royal Dutch Shell PLC
  • LG Chem Ltd.
  • LyondellBasell Industries Holdings B.V.
  • Mitsui Chemicals, Inc.
  • Ecolab Inc.

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Global Isopropyl Alcohol Market size was valued at USD 3.28 Billion in 2024 and is poised to grow from USD 3.46 Billion in 2025 to USD 5.4 Billion by 2033, growing at a CAGR of 5.7% during the forecast period (2026–2033).

The global isopropyl alcohol industry is highly competitive, characterized by a mix of global chemical giants, regional manufacturers, and emerging startups. Key players such as Dow, LyondellBasell, BASF, and ExxonMobil continue to dominate the landscape through extensive production capabilities, strategic partnerships, and technological advancements aimed at improving product quality and sustainability. 'ExxonMobil Corporation (USA) ', 'Dow Inc. (USA) ', 'Shell plc (UK) ', 'INEOS Group Limited (UK) ', 'LyondellBasell Industries Holdings B.V. (USA) ', 'BASF SE (Germany) ', 'LG Chem Ltd. (South Korea) ', 'Mitsui Chemicals Inc. (Japan) ', 'Tokuyama Corporation (Japan) ', 'China Petroleum & Chemical Corporation (Sinopec) (China) ', 'Deepak Fertilisers and Petrochemicals Corporation Ltd. (DFPCL) (India) ', 'Avantor, Inc. (USA) ', 'Linde plc (UK) ', 'Ecolab Inc. (USA) ', 'Eastman Chemical Company (USA) ', 'SK geo centric (South Korea) ', 'Jiande Xinhua Chemical (China)'

The pharmaceutical sector is a key driver of the market due to its widespread use as a solvent and disinfectant. IPA plays a crucial role in drug formulation, sanitization, and equipment sterilization. With the global focus on improving healthcare infrastructure and hygiene standards, demand for IPA in pharmaceutical manufacturing and hospital sanitation has significantly surged.

Shift Toward Bio-Based Isopropyl Alcohol: Sustainability is becoming a central theme in chemical production. Companies are now exploring bio-based IPA, manufactured from renewable sources such as sugarcane, corn starch, and another biomass. This green alternative helps reduce dependency on fossil fuels and significantly cuts down VOC emissions. Companies like LanzaTech and Green Biologics have been innovating in this direction, using fermentation-based processes to produce bio-IPA. Regulatory pressures from environmental agencies and growing consumer awareness are further encouraging this shift, particularly in North America and Europe.

North America stands at the forefront of the isopropyl alcohol market, driven by a robust pharmaceutical industry, rising hygiene awareness, and well-established industrial and healthcare infrastructures. The region has a high demand for disinfectants, cleaning agents, and solvents, especially in healthcare, manufacturing, and consumer care sectors.

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Global Isopropyl Alcohol Market
Isopropyl Alcohol Market

Report ID: SQMIG30F2052

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