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Isopropyl Alcohol (IPA)

Chemical Economics Handbook

Published July 2020

Global consumption of isopropyl alcohol in 2020 is predicted to be 2.1 million metric tons, an increase of 12% over 2019 levels because of the COVID-19 pandemic, taking into account the increased demand for sanitizing applications, which more than compensate for the losses from industrial applications as a result of the ensuing global economic crisis.

The average annual global growth in demand during 2020–25 is predicted to be 0.9% as industrial demand for technical grades start to recover, and demand for cosmetic and pharmaceutical grades retract from their highs of 2020, assuming an effective treatment for COVID-19 is widely available in 2021. The underlying average annual growth rate during 2019–25 is predicted to be significantly higher at 2.7%.

The following chart shows the consumption of isopropyl alcohol by major consuming regions for 2020:

China continues to be the largest capacity holder, accounting for approximately 30% of global capacity, and is expected to add 271,000 metric tons of capacity during 2020–25. Additional capacity is also expected in India, Central and Eastern Europe, and Western Europe as countries restore domestic strategic sources of IPA to support the industrial and, particularly, the growing sanitizing markets considering the COVID-19 pandemic.

The United States is the largest consumer of IPA. Regions such as Asia, particularly India, but also Africa and the Middle East, are expected to show higher than average global growth rates, albeit from a smaller consumption base, during 2020–25.

For more detailed information, see the table of contents, shown below.

S&P Global’s Chemical Economics Handbook – Isopropyl Alcohol (IPA) is the comprehensive and trusted guide for anyone seeking information on this industry. This latest report details global and regional information, including

Key benefits

S&P Global’s Chemical Economics Handbook – Isopropyl Alcohol (IPA) has been compiled using primary interviews with key suppliers and organizations, and leading representatives from the industry in combination with S&P Global’s unparalleled access to upstream and downstream market intelligence and expert insights into industry dynamics, trade, and economics.

This report can help you

  • Identify trends and driving forces influencing chemical markets
  • Forecast and plan for future demand
  • Understand the impact of competing materials
  • Identify and evaluate potential customers and competitors
  • Evaluate producers
  • Track changing prices and trade movements
  • Analyze the impact of feedstocks, regulations, and other factors on chemical profitability

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Table of Contents

Section Page Number

Executive summary 5
Summary 6
Introduction 11
Manufacturing processes 14
Supply and demand by region 15
United States 15
Producing companies 15
Salient statistics 15
Consumption 16
Industrial/technical grade 17
Cosmetic grade 18
Pharmaceutical grade 18
Price 19
Trade 19
Canada 21
Producing companies 21
Salient statistics 21
Consumption 21
Trade 22
Mexico 22
Producing companies 22
Salient statistics 22
Trade 23
Central and South America 23
Producing companies 23
Salient statistics 23
Consumption 24
Western Europe 25
Producing companies 25
Salient statistics 26
Consumption 27
Price 29
Trade 30
Imports 30
Exports 30
Central and Eastern Europe 31
Producing companies 31
Salient statistics 32
Trade 33
Imports 33
Exports 34
Middle East 34
Producing companies 35
Salient statistics 35
Trade 35
Africa 36
Producing companies 36
Salient statistics 37
Trade 38
Indian Subcontinent 38
Producing companies 38
Salient statistics 39
Consumption 39
Trade 40
Mainland China 41
Salient statistics 44
Consumption 45
Industrial grade 46
Direct solvents and cleaning fluids 46
Chemical derivatives 47
Cosmetic and pharmaceutical/reagent grade 47
Electronic grade 49
Price 49
Trade 50
Northeast Asia 51
Producing companies 51
Japan 52
South Korea 52
Taiwan 53
Salient statistics 53
Production 53
Consumption 54
Price 56
Trade 57
Southeast Asia 58
Producing companies 58
Salient statistics 58
Consumption 59
Price 60
Trade 61
Additional resources 63
Revisions 64

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