Isopropyl Alcohol Market in North America | Future Challenges and Growth Analysis by 2020-2026

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North America Isopropyl Alcohol Market to hit USD
1.9 Bn by 2026 Graphical Research
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North American Isopropyl Alcohol Market size is
projected to surpass USD 1.9 billion by 2026,
according to a latest forecast report by
Graphical Research. Increasing use of cleaners
and disinfectants in North America owing to
rising concerns regarding COVID-19 pandemic
should drive the market. Growth in the demand for
chemical intermediate and solvents from chemical
and pharmaceutical drug manufacturing companies
will fuel the North America Isopropyl Alcohol
Market revenue. Isopropyl alcohol is used for
cleaning electronic products, eyeglasses, disc
lenses, CPUs and IC packages. It is also used in
cleaning applications in production of water
sensitive items, owing to rapid evaporating
characteristics of isopropyl alcohol. Further, it
is also used in cleaning medical products as it
acts as a sterilizing agent. There has been an
increase in the use of alcohol as cleaning agents
in commercial and industrial applications has
soared owing to growing demand for effective
cleaning agents. Based on product, the
disinfectant segment is anticipated to register a
growth rate of 7 between 2020 and 2026. The
demand for disinfectant has soared during the
COVID-19 pandemic, owing to rising number of
COVID-19 infections in United States. Isopropyl
alcohol is used as disinfectant against bacteria,
fungi, and viruses. Owing to rising infection in
United States, users are opting for disinfectant
and sanitizing sprays and wipes. Such rising
demand for disinfectant wipes and sprays from
industrial and commercial users has also driven
the consumption of isopropyl alcohol for
manufacturing disinfectants. Moreover, COVID-19
pandemic has led an expansion of healthcare
facilities for treating COVID-19 patients.
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Expansion in hospitals and medical facilities has
drastically boosted the sales of rubbing alcohol
and disinfectants. Such rise in the demand for
disinfectants will accelerate the North American
isopropyl alcohol market growth. Medical segment
from the end use category is estimated to observe
a growth rate of 6 between 2020 and 2026.
Cleaners and disinfectants are sued in hospitals
and medical facilities for preventing infection
and cleaning purposes. Alcohols such as isopropyl
alcohol or ethanol based alcohols are used in
healthcare industry as surgical spirit. Further,
isopropyl alcohol has also been commonly used as
a surface disinfectant in hospitals and medical
facilities.   Hospitals are taking preventive
measures for avoiding rise in the number of
infections from viruses, bacteria, pollen, and
fungi. Such trend has bolstered the demand for
surface disinfectants and cleaning agents,
propelling the demand for isopropyl alcohol in
medical use. North America region has
experienced a steady growth in the consumption
cosmetic and personal care goods. Increase in the
purchasing power and growing consumer spending on
cosmetic and personal care has led to an increase
in the demand for raw materials required for such
products. Such rise has triggered the consumption
of alcohol in cosmetic products as sanitizing
agent and thinner, which will proliferate the
market demand. Isopropyl alcohol usage in
medical and healthcare sector as disinfectant and
cleaning agent has also augmented owing to rising
prevalence of infections from viruses, bacteria,
and fungi. Such rise in the use of disinfectants
and cleaning agents will stimulate the market
growth. Major players in the industry include
Dow Chemical, Shell, EcoLab, LG Chem,
LyondellBasell Industries, Linde, INEOS,
ExxonMobil, Huntsman Corporation, Seton Canada,
and Mistral Industrial Chemicals.
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Segmentation of North America Isopropyl Alcohol
Market North America Market, By
Application Solvent Cleaning Agent Chemical
Intermediate Flavouring Agent Disinfectant North
America Market, By End-use       Food Pharmaceutic
al Cosmetic Personal Care Medical Electronics Au
tomotive Others The above information has been
provided for the following regions North
America U.S. Canada Mexico  
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