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    Electronic Grade Isopropyl Alcohol Market

    ID: MRFR/CnM/10415-HCR
    110 Pages
    Anshula Mandaokar
    September 2025

    Electronic Grade Isopropyl Alcohol Market Research Report Information By Purity (99.99%, Less than 99.99%), By Application (Integrated chips, Printed Circuit boards, Semiconductors, LCD Cleaning, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East & Africa) - Forecast Till 2030

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    Electronic Grade Isopropyl Alcohol Market Research Report—Global Forecast till 2030 Infographic
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    Electronic Grade Isopropyl Alcohol Market Summary

    As per Market Research Future Analysis, the Global Electronic Grade Isopropyl Alcohol Market was valued at USD 56.7 million in 2022 and is projected to reach USD 85.6 million by 2030, growing at a CAGR of 5.27% from 2023 to 2030. The market is driven by the increasing demand for high-purity isopropyl alcohol in the semiconductor industry, where it is essential for precision cleaning and surface preparation of electronic components. The Asia-Pacific region is expected to exhibit significant growth due to rapid digitalization and the presence of manufacturing facilities.

    Key Market Trends & Highlights

    Key trends influencing the market include rising demand in the semiconductor sector and advancements in technology.

    • Semiconductor segment dominated the market in 2022 and is projected to be the fastest-growing segment during 2023-2030.
    • Less than 99.99% purity held the majority share in 2022, driven by demand for consumer electronics.
    • Asia-Pacific is the fastest-growing market, attributed to manufacturing facilities and digitalization.

    Market Size & Forecast

    2022 Market Size USD 56.7 Million
    2030 Market Size USD 85.6 Million
    CAGR (2023-2030) 5.27%

    Major Players

    Key companies include ExxonMobil, LCY Chemical, LG Chem, Mitsui Chemicals, Tokuyama, Dow Chemical Company, KMG Electronic Chemicals, Hefei TNJ Chemical Industry Co., Ltd, Linde Gas, MG Chemicals, and Fujifilm.

    Electronic Grade Isopropyl Alcohol Market Trends

      • Rising Demand for Electronic Grade Isopropyl Alcohol in the Semiconductor Industry, owing to the application of semiconductors in several electronic equipment.

    The exceptional cleaning capabilities of electronic grade isopropyl alcohol (IPA), such as removal of oils, adhesives, fingerprints, soldering flux and other contaminants, makes it ideal for cleaning electronics. Electronic manufacturers have made it an essential ingredient in the production of semiconductors, providing the best possible performance and dependability of electronic devices. Precision cleaning is one of electronic grade IPA's main uses in the semiconductor sector. Printed circuit boards (PCBs), silicon wafers, and semiconductor components can gather impurities including dust, oils, and residues during the creation process.

    If not sufficiently eliminated, these impurities can have a significant effect on the reliability and performance of the finished semiconductor devices. To clean and eliminate these impurities, electronic grade IPA is frequently employed, guaranteeing that the surfaces are impurity-free and clean.

    The creation and coating of photoresists is an important additional use for electronic grade IPA. Photoresist materials are placed and printed onto silicon wafers during the photolithography stage of semiconductor manufacture to generate circuit designs. In the development phase, electronic grade IPA is utilized to accurately show the necessary circuit layouts and eliminate extra photoresist materials. Additionally, electronic grade IPA is applied in coating applications to improve the uniformity and adherence of thin films and protective coatings on semiconductor surfaces.

    To assure the quality and dependability of the produced devices, the semiconductor industry attaches a considerable deal of emphasis to wafer surface preparation. Silicon wafers must be cleaned and given a smooth surface before thin film deposition or the application of photoresist. Particles, organic pollutants, and static charges are removed from the wafer surfaces with electronic grade IPA in this process. Improved adhesion and performance of the semiconductor devices are achieved as a result of this rigorous cleaning procedure, which makes sure that the surfaces are clean and ready for the application of succeeding layers and materials.

    The semiconductor industry's emphasis on quality assurance and the expanding demand for electronic grade IPA are intertwined. To suit the requirements of varied applications, semiconductor makers work to build highly dependable devices. Defects, lower yields, and diminished device performance can be brought on by contaminants on semiconductor surfaces. The overall quality and dependability of manufacturers' semiconductor goods can be improved by using electronic grade IPA for precision cleaning and surface preparation.

    Moreover, the growing adoption of advanced technologies, such as the Internet of Things (IoT), artificial intelligence (AI), and 5G, is driving the demand for electronic-grade IPA in the semiconductor industry. These technologies require highly reliable and high-performance semiconductor devices, which necessitate stringent cleaning and surface preparation processes. Electronic grade IPA enables manufacturers to achieve the desired levels of cleanliness and surface quality, meeting the requirements of these advanced applications.

    The demand for electronic grade isopropyl alcohol continues to rise, driven by its critical role in the semiconductor manufacturing process and the increasing need for high-purity solvents in electronic applications.

    U.S. Department of Commerce

    Electronic Grade Isopropyl Alcohol Market Drivers

    Market Trends and Projections

    Growth of the Semiconductor Industry

    The semiconductor industry plays a pivotal role in driving the Global Electronic Grade Isopropyl Alcohol Market Industry. As the demand for electronic devices continues to escalate, the production of semiconductors is expected to grow correspondingly. Electronic grade isopropyl alcohol is essential for various processes in semiconductor fabrication, including cleaning and etching. The market is projected to experience a compound annual growth rate (CAGR) of 5.32% from 2025 to 2035, reflecting the increasing reliance on high-purity solvents in semiconductor manufacturing. This growth trajectory underscores the integral role of isopropyl alcohol in supporting the semiconductor supply chain.

    Increasing Focus on Cleanroom Standards

    The Global Electronic Grade Isopropyl Alcohol Market Industry is influenced by the increasing emphasis on cleanroom standards across various manufacturing sectors. As industries strive to maintain stringent cleanliness and contamination control, the demand for high-purity solvents rises. Isopropyl alcohol is widely utilized in cleanroom environments for cleaning and disinfecting surfaces and equipment. This trend is particularly evident in semiconductor manufacturing, where even minute contaminants can compromise product quality. The adherence to cleanroom protocols is likely to bolster the market, as manufacturers prioritize the use of electronic grade isopropyl alcohol to meet these rigorous standards.

    Technological Advancements in Production

    Technological innovations in the production of electronic grade isopropyl alcohol contribute significantly to the Global Electronic Grade Isopropyl Alcohol Market Industry. Enhanced purification processes and improved manufacturing techniques lead to higher purity levels, which are essential for electronic applications. These advancements not only optimize production efficiency but also reduce costs, making high-purity isopropyl alcohol more accessible to manufacturers. As a result, the market is expected to grow steadily, with projections indicating a rise to 110.7 USD Million by 2035, driven by the continuous evolution of production technologies.

    Rising Demand in Electronics Manufacturing

    The Global Electronic Grade Isopropyl Alcohol Market Industry experiences a notable surge in demand driven by the expanding electronics manufacturing sector. As the production of semiconductors and electronic components increases, the need for high-purity solvents like isopropyl alcohol becomes critical. In 2024, the market is projected to reach 62.6 USD Million, reflecting the industry's reliance on electronic grade solvents for cleaning and processing applications. This trend is likely to continue as technological advancements propel the electronics sector, thereby enhancing the demand for high-quality isopropyl alcohol in various applications.

    Environmental Regulations and Sustainability Initiatives

    The Global Electronic Grade Isopropyl Alcohol Market Industry is shaped by the growing awareness of environmental regulations and sustainability initiatives. As manufacturers seek to comply with stringent environmental standards, there is a shift towards using eco-friendly solvents, including electronic grade isopropyl alcohol. This trend is driven by the need to minimize environmental impact while maintaining product quality. Companies are increasingly adopting sustainable practices, which may lead to a rise in the demand for high-purity isopropyl alcohol as a greener alternative. This shift not only aligns with regulatory requirements but also enhances corporate responsibility in the electronics sector.

    Market Segment Insights

    Purity Insights

    Purity Insights

    The electronic grade isopropyl alcohol market, based on Purity, includes 99.99%, and less than 99.99%. Less than 99.99% held the majority share in 2022, in the market of the global electronic grade isopropyl alcohol. This is primarily owing to the surge in demand for less than 99.99% purity for various applications globally will eventually raise the demand for less than 99.99%. The demand for consumer electronics products due to rapid digitalization, growing cloud computing, and others is accelerating the growth of less than 99.99% electronic grade isopropyl alcohol purity during the forecast period.

    Figure 2: Electronic Grade Isopropyl Alcohol Market, by Purity, 2021 & 2030 (USD Million)

    Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

    Electronic Grade Isopropyl Alcohol Application Insights

    Based on application, the Electronic Grade Isopropyl Alcohol Market has been classified as Integrated chips, Printed Circuit boards, Semiconductors, LCD Cleaning and Others. The semiconductor segment dominated the market in 2022 and is projected to be the fastest-growing segment during the forecast period, 2023-2030. This is due to the rising demand for semiconductors for various electronic components such as computers, automotive electronics components, consoles, and others. Hence, the growing application of electronic grade isopropyl alcohol in the semiconductors industry and its application in various end-use industries will positively impact the market.

    Get more detailed insights about Electronic Grade Isopropyl Alcohol Market Research Report—Global Forecast till 2030

    Regional Insights

    Region-wise Global Organic Pigments Market has been divided into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. According to market statistics, The Asia-Pacific electronic grade isopropyl alcohol market is the fastest-growing market and holds a significant share in 2022 and is expected to exhibit a significant CAGR during the study period. As per market statistics, this growth is attributed to the presence of manufacturing facilities and rapid digitalization across the region.

    Asia-Pacific is anticipated to register a significant growth rate over the forecast period from 2023–2030 for electronic-grade isopropyl alcohol market and China is one of the largest manufacturing hubs.

    Furthermore, the major countries studied are US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

    Figure 3: Electronic Grade Isopropyl Alcohol Market Share By Region 2022 & 2030 (USD Million)

    Electronic Grade Isopropyl Alcohol Market Share By Region 2022 & 2030

    Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

    Key Players and Competitive Insights

    Companies are spending a lot of money on R&D to increase their product lines, which will help the electronic grade isopropyl alcohol market grow even more. Companies are also taking various strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers & acquisitions, increased investments, and collaboration with other organizations. As competitive landscape, players in the electronic grade isopropyl alcohol market must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

    One of the primary business strategies manufacturers adopt in the Electronic Grade Isopropyl Alcohol Market to benefit clients and expand the electronic grade isopropyl alcohol market sector is manufacturing locally to reduce operating costs. Also, growing advancement in the production process eventually help to boost the market.

    Key Companies in the Electronic Grade Isopropyl Alcohol Market market include

    Future Outlook

    Electronic Grade Isopropyl Alcohol Market Future Outlook

    The Global Electronic Grade Isopropyl Alcohol Market is projected to grow at a 5.32% CAGR from 2024 to 2035, driven by increasing demand in semiconductor manufacturing and electronics cleaning applications.

    New opportunities lie in:

    • Invest in advanced purification technologies to enhance product quality and meet stringent industry standards.
    • Develop eco-friendly isopropyl alcohol alternatives to cater to the growing sustainability trend in electronics.
    • Expand distribution networks in emerging markets to capitalize on rising electronic manufacturing activities.

    By 2035, the market is expected to achieve substantial growth, solidifying its position as a critical component in the electronics industry.

    Market Segmentation

    Electronic Grade Isopropyl Alcohol Purity Outlook

    • 99%
    • Less than 99.99%

    Electronic Grade Isopropyl Alcohol Regional Outlook

    North America
    • US
    • Canada

    Electronic Grade Isopropyl Alcohol Application Outlook

    • Integrated chips
    • Printed Circuit boards
    • Semiconductors
    • LCD Cleaning
    • Others

    Report Scope

    Report Attribute/Metric Details
    Market Size 2022 USD 56.7 million
    Market Size 2030 USD  85.6 million
    Compound Annual Growth Rate (CAGR) 5.27% (2023-2030)
    Base Year 2022
    Forecast Period 2023-2030
    Historical Data 2019 - 2021
    Forecast Units Value (USD Million)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments Covered Purity, Application, and Region
    Geographies Covered North America, Europe, Asia-Pacific, and the Rest of the World
    Countries Covered The U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled ExxonMobil, LCY Chemical, LG Chem, Mitsui Chemicals, Tokuyama, Dow Chemical Company, KMG Electronic Chemicals, Hefei TNJ Chemical Industry Co., Ltd, Linde Gas, MG Chemicals, and Fujifilm
    Key Market Opportunities Advancement in the production technology will accelerate the market growth
    Key Market Dynamics Rapid digitalization along with growing consumer electronic demand is boosting the market growth

    Market Highlights

    Author
    Anshula Mandaokar
    Team Lead - Research

    Anshula Mandaokar holds an academic degree in Chemical Engineering and has been contributing to the field for more than 5 years. She has expertise in Market Research and Business Consulting and serves as a Team Lead for a reputed Market Research firm under the Chemicals and Materials domain spectrum. She has worked on multiple projects, generating explicit results in a quick turnaround time. Her understanding of data interpretation justifies her role as a leader.

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    FAQs

    How much is the Electronic Grade Isopropyl Alcohol market?

    56.7 Million (2022)

    What is the growth rate of the Electronic Grade Isopropyl Alcohol market?

    5.27%

    Which region held the largest share in the Electronic Grade Isopropyl Alcohol market?

    North America

    Who are the key players in the Electronic Grade Isopropyl Alcohol market?

    ExxonMobil, LCY Chemical, LG Chem, Mitsui Chemicals, Tokuyama, Dow Chemical Company, KMG Electronic Chemicals, Hefei TNJ Chemical Industry Co., Ltd, Linde Gas, MG Chemicals, and Fujifilm among others

    Which Purity led the Electronic Grade Isopropyl Alcohol market?

    Less than 99.99%

    Which application had the largest share in the Electronic Grade Isopropyl Alcohol market?

    Semiconductor

    Electronic Grade Isopropyl Alcohol Market Research Report—Global Forecast till 2030 Infographic
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