Asia Pacific Isopropyl Alcohol Market share to gain traction by 2026

Advent of major food & beverages manufacturers and an escalating demand for disinfectants and personal care products would have a positive impact on Asia Pacific Isopropyl Alcohol Market. Isopropyl alcohol is extensively used in the food and beverage sector as a preservative, food flavoring agent, sweetener and probiotic. It is also used as a preservative in cosmetic products like skin creams, body lotions, shampoos and conditioners.

Gauging the region’s large consumer base and potential business prospects, renowned players in the F&B sector such as Mondelez International, Kellogg Company, Nestle, Hershey Company, and Coca-Cola are investing heavily to scaling up production. Given to such aspects, it is estimated that Asia Pacific isopropyl alcohol market size may hit USD 3 billion by 2026. Explained below are few of the trends that could bolster the Asia Pacific Isopropyl Alcohol Market forecast.

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  1. Expanding demand for disinfectants

A rapid spread in awareness regarding numerous preventative measures against COVID-19, especially across highly impacted countries like China, India and Japan, has led to a meteoric rise in the demand for disinfectants and personal hygiene products. Isopropyl alcohol holds excellent disinfecting properties, making their use crucial in products like cleaning wipes, disinfecting liquids and sprays.

Increasing prevalence of bacterial and viral infections like COVID-19 could promote acceptance of cleanliness and personal hygiene habits among local population, fueling the compound’s demand. In 2019, APAC isopropyl alcohol market size from disinfectant application was valued over USD 300 million. Estimates suggest that the industry, specific to this application, could register a CAGR of 8.5% up to 2026.

  1. High consumption across Japan

Presence of a highly educated population base that is well-versed with the concept of hygiene may spur the isopropyl alcohol market outlook in Japan over the years. High purchase of surface disinfectants and hand sanitizers containing isopropyl alcohol with 60%-99% concentration during the COVID-19 pandemic has boosted product demand.

In a bid to meet the growing consumer demand, isopropyl alcohol manufacturers in the region are seeking to expand their production capacities. Highlighting an instance, Japanese chemical company, Mitsui Chemicals revealed plans to expand its production capacity in Asia Pacific for manufacturing IPA (isopropyl alcohol), which is one of the key raw materials used in the production of hand sanitizers.   

  1. Application in cosmetics and healthcare

Rapid surge in cases of COVID-19 across APAC has incited the demand for isopropyl alcohol for making products for cleaning and disinfecting hospital equipment and surfaces. Reports suggest that the market may record a valuation of over USD 600 million from the medical sector. Hospital acquired infections represent an active threat and have made hospitals focus towards proper disinfection.

Isopropyl alcohol is predominantly used as a preservative in an assortment of cosmetic products such as skin creams, body lotions, face wash and conditioners. It is also used as a cleaning agent in residential and industrial spaces to disinfect work stations, machine surfaces as well as bathrooms, kitchens and other surfaces.  

As the food demand across APAC grows with rapid urbanization and population increase, focus on safety of products and manufacturing environment will also rise. Maintaining the quality of products is of utmost importance and has led to the consumption of key chemical compounds. Some the established providers of Asia Pacific Isopropyl Alcohol Market in the region include Clariant AG, Dow Chemical Company, INEOS Enterprises, LyondellBasell Industries, LG Chem, Mitsui Chemicals Inc., among others.

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Table of Contents (ToC) of the report:

Chapter 1    Methodology & Scope

1.1    Market definitions

1.2    Market assumptions & forecast parameters

1.3    Data Sources

1.3.1    Primary

1.3.2    Secondary

Chapter 2    Asia Pacific Isopropyl Alcohol Market Summary

2.1    Asia Pacific 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    Asia Pacific Isopropyl Alcohol Market Insights

3.1    Industry coverage

3.2    Industry outlook, 2015 - 2026

3.3    Value Chain

3.4    Regulatory overview

3.5    Market factor analysis

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