The report of Isopropyl Alcohol market by application (solvent, cleaning agent, intermediate, coating solvent, and others), end-use industry (pharmaceutical, food and beverages, paints and coatings, personal care and cosmetics, and chemical) and Region (Asia Pacific, North America, Europe, Latin America, and Middle East Africa) is expected to reach US$ XX Mn by 2027, at a CAGR of XX% during a forecast period.
Isopropyl Alcohol is used in various purposes at home, in different industrial processes and pharmaceutical applications. The most general product that contains isopropanol is rubbing alcohol, containing 70% isopropanol or ethanol. The growth in chemical production particularly in the countries like India, China and Japan is projected to be another key driver for increase in the demand for isopropyl alcohol for solvent applications.
Food & Beverages segment is expected to grow at the highest XX% CAGR during the forecast period.
In terms of end-use industry, the Isopropyl Alcohol Market can be separated into pharmaceutical, food & beverages, paints & coatings, personal care & cosmetics, and chemical. The Food & Beverages segment is expected to grow at the highest XX% CAGR during the forecast period, because of Isopropanol is used for the extraction and purification of natural products, such as vegetable and animal oils and fats, gums resins, waxes, colors, flavorings, alkaloids, vitamins, kelp and alginates.
The Jiangsu dominated the Isopropyl Alcohol Market in 2018
On the basis of region China Isopropyl Alcohol Market divided into five states such as Shanghai, Taiwan, Jiangsu, Longhua, Shandong and Guangdong Province. Among all the regions, Jiangsu is projected to be the largest and fastest-growing market in Chaina, followed by Shandong. The Shipments of Isopropyl Alcohol into China totaled around XX tones in the first nine months of 2019, down by 10.23% compared with the same ¬period in 2018, according to research analyst. The drop in imports in recent years has been accompanied by a corresponding rise in domestic Isopropyl Alcohol production.
Key players operating the Isopropyl Alcohol market are Jiangsu yongtaihua chemical co., LTD., Qingdao Highly Chemical, Suzhou upline, China Petroleum & Chemical Corporation, Exxon Mobil Corporation, The Dow Chemical Company, Mitsui Chemicals Inc., Perrigo Company plc, China Petroleum & Chemical Corporation Royal Dutch Shell Plc., Clariant AG, LyondellBasell Industries N.V., INEOS Enterprises, LG Chem, Mitsubishi Chemical Corporation, and Deepak Fertilisers and Petrochemicals Corporation Limited.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain positioning of competitors.
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