Future of Global Isopropyl Alcohol Market Along with Key Drivers, Major Manufactures, Business Insights, Trends and Forecast 2025
Isopropyl Alcohol Market report provides the latest market data along with industry future trends, which keeps tracking of users driving revenue growth rate of isopropyl alcohol market by grade (70% IPA, and more than 90% IPA), application (solvent, cleaning agent, intermediate, coating solvent), end-users (pharmaceutical, food & beverages, paints & coatings, personal care & cosmetics, and chemical) market status and outlook of global and major regions, from manufacturers, and end industries. As this report is expected to help key players among the isopropyl alcohol market it includes the five years Industry analysis and the 6 years annual forecast from to 2025. Some of the prominent participants in the global isopropyl alcohol market are Dow Chemical Company, Royal Dutch Shell plc, Exxon Mobil Corporation, Clariant AG, Mitsui Chemicals Inc., Perrigo Company plc, LyondellBasell Industries N.V., China Petroleum & Chemical Corporation, Mitsubishi Chemical Corporation, INEOS Enterprises, and Other companies. The global isopropyl alcohol market is projected to grow at a CAGR of 4% over the forecast period of 2019-2025.
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Isopropyl Alcohol Market: Drivers, Restrain and Opportunities
Isopropyl alcohol is one of the most widely used solvents. The mounting applications for isopropyl alcohol in printing inks, coatings, coolant, extractant, deicing, organic synthesis, an industrial solvent, electronics cleaner, personal care products, and pharmaceuticals is driving the growth of the isopropyl alcohol market. Isopropyl alcohol is used in surface coatings, including wood finishes, auto refinishes and thinners. It is most commonly used as a rubbing-alcohol antiseptic for its antibacterial properties.
It finds applications in aftershave lotions, hand lotions, and other cosmetics. The growing healthcare industry all over the globe is also anticipated to aid the growth of the isopropyl alcohol market. In industry, it is used as an inexpensive solvent for cosmetics, drugs, shellacs, and gums, as well as for denaturing ethanol. However, stricter volatile organic compound (VOC) regulations is likely to restrain the growth of the market. Moreover, the rising research and development on the use of isopropyl alcohol as a biofuel may create favorable growth opportunities for the market players in the isopropyl alcohol market.
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North America Held the Dominant Share in the Isopropyl Alcohol Market
North America held the dominant share in the isopropyl alcohol market, however, Asia Pacific is anticipated to exhibit a substantial CAGR over the forecast period of 2019 to 2025. According to the production base, China and India are the two largest regions. The large scale consumption of isopropyl alcohol as a key ingredient from several end users such as cosmetic, pharmaceutical and industries boost the market growth in the North America region.
Furthermore, the growth of the personal care industry in Europe also contributes to the growth of isopropyl alcohol market in this region. Moreover, increasing industrialization, expanding pharmaceutical and cosmetic industry boosts the demand for isopropyl alcohol in the Asia Pacific markets.
Isopropyl Alcohol Market: Segmentation
The report on global isopropyl alcohol market covers segments such as grade, application, and end-users. On the basis of grade, the sub-markets include 70% IPA, and more than 90% IPA. On the basis of application, the sub-markets include solvent, cleaning agent, intermediate, coating solvent, and other applications. On the basis of end-users, the sub-markets include pharmaceutical, food & beverages, paints & coatings, personal care & cosmetics, and chemical.
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the isopropyl alcohol.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.