Global isopropyl alcohol market
Dublin, June 10, 2022 (GLOBE NEWSWIRE) — The report “Isopropyl Alcohol Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” has been added to from ResearchAndMarkets.com offer.
The global isopropyl alcohol market reached a value of US$4.3 billion in 2021. Going forward, the market is expected to reach US$5.4 billion by 2027, growing at a CAGR of 4. 1% in 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst continuously monitors and assesses the direct and indirect influence of the pandemic on the various end-use industries. This information is included in the report as a major market contributor.
Isopropyl alcohol is an organic chemical compound with the chemical formula C3H7OH. It is a colorless, volatile, flammable liquid compound that has a bitter taste and strong odor. Although miscible with water, some alcohols, ether and chloroform, isopropyl alcohol is insoluble in saline solutions. It mainly finds application as a solvent in essential oils, resins, alkaloids, gums, cellulose and coatings; de-icing agent in lacquers, liquid fuels and extraction processes; and an antiseptic in antifreeze compositions. Isopropyl alcohol is also used in the production of glycerol, shellacs, quick-drying inks, isopropyl acetate, and creosote.
Global Isopropyl Alcohol Industry Drivers:
Isopropyl alcohol finds various applications in several downstream industries such as paint and coating, automotive, cosmetics, printing, pharmaceutical, etc. Economic reforms have led to increased disposable incomes and lifestyle changes for consumers around the world, catalyzing growth. of these industries.
Isopropyl alcohol has been used to remove flux residue after soldering and as a general cleaner to remove oil, grease, and other dirt from handling. Apart from this, it is also used to purify and extract natural products such as animal and vegetable oils, waxes, resins, flavors, fats, vitamins, etc., which positively influences the growth of the market .
Asia-Pacific, where China is the number one region, is one of the fastest growing markets for isopropyl alcohol. Since isopropyl alcohol is readily available in the region, it can be purchased in large quantities at fairly low prices. Additionally, the booming cosmetics and personal care industry, rapid economic growth, and rising income levels have led to an increased demand for isopropyl alcohol products.
Isopropyl alcohol is stable if properly handled and stored under proper conditions. In addition, it has a shelf life of two years from the date of manufacture. The chemical composition and potency of isopropyl alcohol is stable for two years in its original closed container.
The most popular technique for producing isopropyl alcohol at a commercial level is the indirect hydration of propylene. The disadvantages of this method such as high energy cost, corrosive conditions and pollution problems had led to the development of a more efficient technique, called catalytic hydrogenation of acetone. These technological advances in production have enabled the industry to achieve higher yield rates and produce high purity grades, thereby generating opportunities for new applications of isopropyl alcohol.
Key market segmentation
This report provides an analysis of the main trends in each sub-segment of the global isopropyl alcohol market, as well as forecasts at the global and regional levels from 2022 to 2027. The report has categorized the market based on application and industry.
Breakdown by application:
Isopropyl alcohol is mainly used as an intermediate in the manufacture of important industrial chemical compounds such as acetone, glycerol, isopropyl acetate, methyl isobutyl ketone (MIBK), isopropyl esters and isopropyl amines. Apart from that, it is used as process solvent, coating solvent and cleaning agent.
Breakdown by industry:
Based on industry, the market has been segregated into chemicals, paints & coatings, cosmetics & personal care products, pharmaceuticals, and food & beverages. Among these, chemicals accounts for about a third of the total market, representing the largest segment. Isopropyl alcohol is used to make acetone and its derivatives which are then used in various industries.
According to the isopropyl alcohol market report, Asia is the top market. This can be attributed to the thriving personal care and cosmetics industry in the region, which has facilitated the growth of isopropyl alcohol, as it is used in the production of skin cleansers, skin lotions, deodorants, nail polish, hair tonics, shampoos, etc. Asia is followed by North America, Europe and South America.
The market is concentrated, with the top 5 players accounting for more than half of the entire market. Some of the biggest players operating in the market are:
The Dow Chemical Company
Shell Chemicals Europe B.V.
INEOS Enterprises Group Limited.
Super Chemical Technology Co.Ltd.
This report provides an in-depth insight into the global Isopropyl Alcohol industry covering all its essential aspects. It ranges from macro market overview to micro details of industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis,… value chain analysis, etc. This report is essential reading for entrepreneurs, investors, researchers, consultants, business strategists, and anyone with interests in or planning to foray into the isopropyl alcohol industry in any way. .
Key questions answered by this report
1. What is the size of the global isopropyl alcohol market?
2. What has been the impact of COVID-19 on the global isopropyl alcohol market?
3. What is the expected growth rate of the global isopropyl alcohol market?
4. What are the key factors driving the global isopropyl alcohol market?
5. What is the global isopropyl alcohol market breakdown based on industry?
6. Who are the key companies/players in the global isopropyl alcohol market?
Main topics covered:
2 Scope and methodology
3 Executive summary
4.2 Physical and chemical properties
4.3 Key Industry Trends
5 Global Isopropyl Alcohol Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume trends
5.2.2 Value trends
5.3 Impact of COVID-19
5.4 Price Analysis
5.4.1 Main price indicators
5.4.2 Price structure
5.4.3 Price trends
5.5 Market Breakdown by Region
5.6 Market Breakdown by Application
5.7 Market Breakdown by Industry
5.8 Market Forecast
5.9 SWOT Analysis
5.10 Value chain analysis
5.11 Porter’s Five Forces Analysis
5.12 Commercial data
5.13 Key Market Drivers and Success Factors
6 Performance of key regions
7 Market Breakdown by Application
7.1 Process solvent
7.1.1 Market trends
7.1.2 Market Forecast
7.2 Cleaning agent
7.2.1 Market trends
7.2.2 Market Forecast
7.3 Coating solvent
7.3.1 Market trends
7.3.2 Market Forecast
7.4.1 Market trends
7.4.2 Market Forecast
7.5.1 Market trends
7.5.2 Market Forecast
8 Market Breakdown by Industry
8.1 Cosmetics and personal care
8.1.1 Market trends
8.1.2 Market Forecast
8.2.1 Market trends
8.2.2 Market Forecast
8.3 Food and drink
8.3.1 Market trends
8.3.2 Market Forecast
8.4 Paints and coatings
8.4.1 Market trends
8.4.2 Market Forecast
8.5.1 Market trends
8.5.2 Market Forecast
8.6.1 Market trends
8.6.2 Market Forecast
9 Competitive Landscape
9.1 Competitive Structure
9.2 Production Capacity of Major Players
9.3 Profiles of key players
9.3.1 The Dow Chemical Company
9.3.2 Exxon Mobil
9.3.3 Shell Chemicals Europe B.V.
9.3.4 INEOS Enterprises Group Limited
9.3.5 Super Chemical Technology Co. Ltd.
10 Isopropyl alcohol manufacturing process
10.1 Product Overview
10.2 Chemical reactions involved
10.3 Manufacturing process
10.4 Detailed process flow
10.5 Raw material requirement
10.6 Mass balance and conversion rate of raw materials
11 Isopropyl Alcohol Raw Materials Market Analysis
11.1.1 Market Performance
184.108.40.206 Volume trends
220.127.116.11 Value trends
11.1.2 Price trends
11.1.3 Market Breakdown by Region
11.1.4 End-Use of Market Breakdown
11.1.5 Major Suppliers
11.2.1 Market Performance
18.104.22.168 Volume trends
22.214.171.124 Value trends
11.2.2 Price trends
11.2.3 Breakdown by region
11.2.4 Market Breakdown by End Use
11.2.5 Major Suppliers
For more information about this report visit https://www.researchandmarkets.com/r/b4tl1z
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