Global Isopropyl Alcohol (IPA) Market Share 2021 Increasing Usage of IPA in Cosmetic and Personal Care Products The most important driver for the IPA market is the increasing use of cosmetic and personal care products, where IPA is used as a solvent. It is used for the purpose of dissolving other substances in cosmetics and personal care products. It is also used for decreasing the thickness of liquids and to reduce the tendency of finished products to generate foam when shaken. These are used as conditioning agents, emulsifier, special effect pigments, anti-static agents, fixatives, moisturizing agents, foaming agents, and surfactant mixtures in the cosmetics and personal care industry. With the growth of cosmetic and personal care industry, the market for IPA is also expected to expand. Asia-Pacific Dominates the Market Asia-Pacific is the major consumer as well as the largest producer of isopropyl alcohol, among regions that include North America, Asia-Pacific, Europe, South America, and the Middle East and Africa. The market is mainly driven by the strong presence of cosmetic and personal care sectors in the region. In addition, increased demand from this region is also attributed to the increase in applications, such as organic formulations clean fuel industry and in the processing of food ingredients. China is the largest producer and consumer of IPA in this region. The country is benefited by the presence of one of the largest chemical industry in the world. Asia-Pacific is also expected to have the highest growth rate during the forecast period. Major Player - BASF, Deepak Nitrite, Clariant