Isopropanol

Analysis of the isopropyl alcohol market size in 2025: The global market size of isopropyl alcohol is 15.326 billion yuan

The global isopropyl alcohol market size in 2024 is 15.326 billion yuan, and the Chinese market size in 2024 reached 1.58 billion yuan, a year-on-year increase of 12%. According to the "2025-2030 Global and China Isopropyl Alcohol Industry Market Status Survey and Development Prospects Analysis Report", it is estimated that by 2029, the global high-purity isopropyl alcohol (IPA) market sales will reach 4.618 billion yuan, with an annual compound growth rate of 9.22%. From the perspective of downstream industries, isopropyl alcohol is an important chemical product and raw material. From the perspective of domestic consumption, isopropyl alcohol is mainly used in six fields, pharmaceutical intermediates (23%), organic synthesis and others (22%), pesticides (18%), electronic cleaning (20%), inks (12%) and coatings (5%), among which medical applications are included in organic synthesis and others, accounting for a relatively small proportion.

As production capacity continues to rise, market demand has not grown synchronously, which has led to a gradual decline in capacity utilization. In 2023, my country's isopropanol production capacity will be about 1.165 million tons, but the capacity utilization rate is only 40.33%, which means that a large number of production equipment are idle. Analysis of the isopropanol market size shows that by the end of 2023, 17 companies in my country have the capacity to produce isopropanol. Among them, Kailing Chemical ranks first in the industry with a capacity share of 23.69%, followed by Xinhua Shares and Supul, each accounting for 12.88%. These companies will play an important role in future market competition and jointly promote the sustainable development of China's isopropanol industry.

According to the analysis of the isopropanol market size, China's isopropanol imports will be 50,035,560 kilograms in 2024, with an import amount of US$76,240,148. Taiwan, South Korea and Japan are still the main import trading partners of isopropanol, accounting for 99% of the total import volume. In 2024, the proportion of domestic isopropanol imports relative to domestic production is around 10.76%. Overall, the import volume has little impact on the supply and demand pattern of China's isopropanol market.

Isopropanol market trend

In 2024, the price of isopropanol will fall overall. At the beginning of the year, the average price of domestic isopropanol was 7,890 yuan/ton, and at the end of the year, the average price was 6,660 yuan/ton. The price fell by 15.59% during the year. The highest price of isopropanol during the year was 9,120 yuan/ton, and the lowest price during the year was 6,650 yuan/ton. In terms of the market development in 2024, in the first half of the year, isopropanol was in a stage of oscillating rise, and the raw materials acetone and propylene rose one after another, with strong cost support, and the overall market fluctuated and rose. In the second half of the year, isopropanol was in a falling stage, and the domestic isopropanol market was weak and downward. The acetone market fell widely on raw materials, and the propylene market price fluctuated and fell, with insufficient cost support.

On April 10, 2025, the average price of isopropyl alcohol in the mainstream market nationwide was 6591.67 yuan/ton, up 25 yuan/ton from the previous day, an increase of 0.38%. The average price in the past seven days was 6695.00 yuan/ton, and the price showed a volatile trend. The price in Jiangsu market in East China rose, and the prices in Ningbo, Dongguan and other places rose slightly. The price in Guangdong, South China remained stable, and some companies raised their quotations. Enterprise dynamics Kailing Chemical, Xinhua Chemical and other enterprises have stable equipment operation, and Lihua Yiweiyuan Chemical has lowered its price.

With the development of the global chemical industry, pharmaceutical industry, electronics industry and personal care market, the demand for isopropyl alcohol has continued to increase. Especially during the COVID-19 pandemic, the demand for disinfectants has surged, greatly promoting the market demand for isopropyl alcohol. The increasing attention of governments to environmental protection has promoted the innovation of isopropyl alcohol production technology. Many countries are strengthening the control of volatile organic compounds (VOCs), which has prompted companies to adopt more environmentally friendly production methods, improve production efficiency and reduce pollution.

Overall, in the next few years, with the recovery and growth of economies in various countries, the isopropyl alcohol market is expected to continue to maintain steady growth, especially in the Chinese market. With the advancement of industrialization and the diversification of consumer demand, the market prospects for isopropyl.