Isopropyl Alcohol Market: Global Industry Analysis and Forecast (2021-2027) by Application and End User.

Isopropyl Alcohol Market size was valued at US$ 27.6 Bn. in 2020 and Process Solvent is one of the dominating segments reviewed in our report and dominating the global isopropyl alcohol Market.

Isopropyl Alcohol Market Overview:

Isopropyl alcohol, also known as isopropanol, is a flammable, colorless liquid with a strong odor. This substance is used in a variety of industries and produces several household and industrial chemicals. It is also an important ingredient in many chemicals such as detergents, disinfectants, and preservatives. Typical manufacturing processes include indirect hydration, direct hydration, and hydrogenation of acetone. Isopropyl Alcohol Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020's market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years' trends are considered while forecasting the market through 2027. 2020 is a year of exception and analyzed especially with the impact of lockdown by region.

Global Isopropyl Alcohol Market Dynamics:

Isopropyl alcohol is the most common and widely used disinfectant in hospitals, pharmaceuticals, clean rooms, electronics manufacturing, and medical device manufacturing. Isopropyl alcohol in a solution containing 60% to 90% alcohol and 10 to 40% purified water is rapidly antibacterial against fungi, viruses, and bacteria. With the outbreak of the Covid19 pandemic, disinfectant consumption is skyrocketing around the world, boosting the isopropyl alcohol market. IPA can be used as a complex disinfectant in place of ethanol, which is preferred in many countries. Also, it is easier to procure isopropyl alcohol in many countries. Isopropyl alcohol is used in the End User ion of hand sanitizers, rubbing alcohol, and alcohol swabs. Recently, there is a big gap between the supply and demand of isopropyl alcohol. Manufacturers are using their full-time capacity to supply isopropyl alcohol, but it is in short supply due to steadily increasing demand and restricted movement of goods. This chemical has some antibacterial properties, and when 60-90% of the chemical is mixed with 10-40% purified water, it acts rapidly against various viruses, bacteria, and fungi. However, if the concentration of the substance falls below the 50% mark, the disinfecting properties will be significantly reduced. In addition, at concentrations above 91%, alcohol forms a protective layer by rapidly coagulating proteins, eventually forming a protective layer, thereby stopping the coagulation of other proteins on the skin...

Global Isopropyl Alcohol Market Segment Analysis:

By Application, Process Solvent is the dominating in Global Isopropyl Alcohol Market. With the recent pandemic of 2020, the demand for Process Solvent is rapidly increasing. Outbreaks of the virus are believed to directly lead to regular consumption of disinfectants, personal care, and other formulations to maintain the hygiene of individuals around the world. This is expected to reflect the high demand in prescribing pharmaceuticals and personal care. The formulation of Preservatives is one of the main uses of this compound due to its excellent disinfecting properties. Ideally, a 70% concentration of IPA is used in the ion of hand disinfectants around the world. This chemical is also used in the manufacture of detergents, as surface disinfectants, household solvents, and cleaning agents for electronic components. Isopropyl Alcohol MarketBy End User, the Pharmaceuticals segment is the dominating the Global Isopropyl Alcohol Market. It is widely used in various industries. Demand for chemicals from the pharmaceutical, personal care, and cosmetics, chemical, food, and beverage industries, as well as the paint and varnish industries, is growing rapidly around the world. The personal care segment is expected to grow rapidly after the virus outbreak in the first quarter of 2020. The Cosmetics and Personal Care segment will have the second-largest share in 2019 and is expected to show the fastest growth in the forecast period. IPA, also known as rubbing alcohol, is widely used in the formulation of skincare; bath, hair care, aftershave lotions, makeup, and eye care. Among personal hygiene, it is widely used in the manufacture of disinfectants, antiseptic skin preparations for patients, surgical hand scrubs, and hand wash. Isopropyl Alcohol Market

Global Isopropyl Alcohol Market Regional Insights:

The Asia Pacific is dominating the Global Isopropyl Alcohol Market. The Asia Pacific demand recorded at 1.03 million tons in 2020 and is expected to see the fastest growth over the forecast period. The regional movement of isopropyl alcohol may depend on recent industry trends and economic recovery in countries after the coronavirus epidemic. In 2018, the United States, Western Europe, and China were the major consumers of this. However, given the current global scenario, Europe consumes the most disinfectants and personal care, followed by the United States and China. Massive expansions have been made in European countries, especially Germany, to curb the outbreak of the virus in 2020. Demand for health and safety was high in European countries such as Germany and Italy, and Asian countries such as the United States, Japan, China, and India. Demand for IPA can be very high in these regions as some companies need IPA solvents to use in the manufacture of personal care related to pharmaceutical applications. With the increasing number of medical facilities in Europe, North America, and the Asia Pacific region, many solvents are used in the formulation of paints and coatings. In addition, emerging and other Asia-Pacific countries such as India, Thailand, Japan, and South Korea are increasingly dependent on processed foods that require preservatives to optimize shelf life. Due to the widespread use of IPA as preservatives and colorants for food, the demand for this substance is expected to grow steadily in these countries during the forecast period. The objective of the report is to present a comprehensive analysis of the Global Isopropyl Alcohol market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Global Isopropyl Alcohol market dynamics, structure by analyzing the market segments and projecting the Global Isopropyl Alcohol market size. Clear representation of competitive analysis of key players by End User, price, financial position, End User portfolio, growth strategies, and regional presence in the Global Isopropyl Alcohol market make the report investor’s guide.

Global Isopropyl Alcohol Market Scope: Inquire before buying

Global Isopropyl Alcohol Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 27.6 Bn.
Forecast Period 2021 to 2027 CAGR: 8.2% Market Size in 2027: US $ 41.78 Bn.
Segments Covered: by Application • Process Solvent • Cleaning Agent • Coating Solvent • Intermediate • Other
by End User • Cosmetic and Personal Care • Pharmaceuticals • Food and Beverage • Paint and Coating • Chemical • Other

Global Isopropyl Alcohol Market, by Region

• North America • Europe • Asia Pacific • The Middle East and Africa • South America

Global Isopropyl Alcohol Market Key Players

• Exxon Mobil Corporation • The Dow Chemical Company • Royal Dutch Shell Plc. • Clariant AG • Mitsui Chemicals Inc. • Perrigo Company plc. • China Petroleum & Chemical Corporation • LyondellBasell Industries N.V. • INEOS Enterprises • LG Chem • Mitsubishi Chemical Corporation • Deepak Fertilizers and Petrochemicals Corporation Limited. • BASF SE • Holdings B.V. • Honeywell International Inc. • LCY GROUP • ISU CHEMICAL • Huntsman International LLC. • Linde • Ecolab • Hefei TNJ Chemical Industry Co. Ltd. • GALAXY CHEMICALS FAQ 1] What segments are covered in the Global Isopropyl Alcohol Market report? Ans. The segments covered in the Global Isopropyl Alcohol Market report are based on Application and End User. 2] Which region is expected to hold the highest share in the Global Isopropyl Alcohol Market? Ans. Asia Pacific region is expected to hold the highest share in the Global Isopropyl Alcohol Market. 3] What is the market size of the Global Isopropyl Alcohol Marketby2027? Ans. The market size of the Global Isopropyl Alcohol Market by 2027 is US $ 4.81 Bn. 4] Who are the top key players in the Global Isopropyl Alcohol Market? Ans. Exxon Mobil Corporation, The Dow Chemical Company, Royal Dutch Shell plc., Clariant AG, Mitsui Chemicals Inc., Perrigo Company plc., China Petroleum & Chemical Corporation, LyondellBasell Industries N.V., INEOS Enterprises, LG Chem, Mitsubishi Chemical Corporation, Deepak Fertilizers, and Petrochemicals Corporation Limited, BASF SE, Holdings B.V., Honeywell International Inc., LCY GROUP, ISU CHEMICAL, Huntsman International LLC., Linde, Ecolab, Hefei TNJ Chemical Industry Co. Ltd, GALAXY CHEMICALS. 5] What was the market size of the Global Isopropyl Alcohol Market in 2020? Ans. The market size of the Global Isopropyl Alcohol Market in 2020 was US $ 2.77 Bn.
1. Global Isopropyl Alcohol Market: Research Methodology 2. Global Isopropyl Alcohol Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Isopropyl Alcohol Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Isopropyl Alcohol Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Isopropyl Alcohol Market Segmentation 4.1. Global Isopropyl Alcohol Market, by Application (2020-2027) 4.1.1. Process Solvent 4.1.2. Cleaning Agent 4.1.3. Coating Solvent 4.1.4. Intermediate 4.1.5. Other 4.2. Global Isopropyl Alcohol Market, by End User (2020-2027) 4.2.1. Cosmetic and Personal Care 4.2.2. Pharmaceuticals 4.2.3. Food and Beverage 4.2.4. Paint and Coating 4.2.5. Chemical 4.2.6. Other 5. North America Isopropyl Alcohol Market(2020-2027) 5.1. Global Isopropyl Alcohol Market, by Application (2020-2027) 5.1.1. Process Solvent 5.1.2. Cleaning Agent 5.1.3. Coating Solvent 5.1.4. Intermediate 5.1.5. Other 5.2. Global Isopropyl Alcohol Market, by End User (2020-2027) 5.2.1. Cosmetic and Personal Care 5.2.2. Pharmaceuticals 5.2.3. Food and Beverage 5.2.4. Paint and Coating 5.2.5. Chemical 5.2.6. Other 5.3. North America Isopropyl Alcohol Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Isopropyl Alcohol Market (2020-2027) 6.1. European Isopropyl Alcohol Market, by Application (2020-2027) 6.2. European Isopropyl Alcohol Market, by End User (2020-2027) 6.3. European Isopropyl Alcohol Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Isopropyl Alcohol Market (2020-2027) 7.1. Asia Pacific Isopropyl Alcohol Market, by Application (2020-2027) 7.2. Asia Pacific Isopropyl Alcohol Market, by End User (2020-2027) 7.3. Asia Pacific Isopropyl Alcohol Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. The Middle East and Africa Isopropyl Alcohol Market (2020-2027) 8.1. The Middle East and Africa Isopropyl Alcohol Market, by Application (2020-2027) 8.2. The Middle East and Africa Isopropyl Alcohol Market, by End User (2020-2027) 8.3. The Middle East and Africa Isopropyl Alcohol Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Isopropyl Alcohol Market (2020-2027) 9.1. Latin America Isopropyl Alcohol Market, by Application (2020-2027) 9.2. Latin America Isopropyl Alcohol Market, by End User (2020-2027) 9.3. Latin America Isopropyl Alcohol Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Exxon Mobil Corporation 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. The Dow Chemical Company 10.3. Royal Dutch Shell Plc. 10.4. Clariant AG 10.5. Mitsui Chemicals Inc. 10.6. Perrigo Company plc. 10.7. China Petroleum & Chemical Corporation 10.8. LyondellBasell Industries N.V. 10.9. INEOS Enterprises 10.10. LG Chem 10.11. Mitsubishi Chemical Corporation 10.12. Deepak Fertilizers and Petrochemicals Corporation Limited. 10.13. BASF SE 10.14. Holdings B.V. 10.15. Honeywell International ink 10.16. LCY Group 10.17. ISU Chemical 10.18. Huntsman International LLC. 10.19. Linde 10.20. Ecolab 10.21. Hefei TNJ Chemical Industry Co Ltd. 10.22. Galaxy Chemicals

About This Report

Report ID 39986
Category Material & Chemical
Published Date Dec 2019
Updated Date Nov 2020
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