Isopropyl Alcohol Market Size, Share, Trends, Overview, Analysis, Growth, Opportunity and Forecast 2022-2027

October 15 00:30 2022
Isopropyl Alcohol Market Size, Share, Trends, Overview, Analysis, Growth, Opportunity and Forecast 2022-2027
The global isopropyl alcohol market reached a value of US$ 4.3 Billion in 2021. Isopropyl alcohol or isopropanol is a flammable, colorless and volatile chemical with a strong odor.

According to IMARC Group’s latest report, titled “Isopropyl Alcohol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”,the global isopropyl alcohol market reached a value of US$ 4.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.4 Billion by 2027, exhibiting a CAGR of 4.1% during 2022-2027.

Isopropyl alcohol or isopropanol is a flammable, colorless and volatile chemical with a strong odor. It is easily soluble with ethanol, ether, chloroform and water and can form strong hydrogen bonds with fluids. Isopropyl alcohol aids in neutralizing bacteria and preventing skin infections, relieving minor muscle pains and disinfecting tick bites. Consequently, it is widely used in hand lotions, aftershaves, and hand sanitizers and as a solvent in essential oils, gum alkaloids and natural resins. It also finds extensive applications across various industries, such as chemical, pharmaceutical, cosmetic and food and beverage.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Isopropyl Alcohol Market Trends:

The global isopropyl alcohol market is primarily being driven by the widespread product adoption in the chemical industry. Isopropyl alcohol is widely used in the manufacturing of primer, cement, paints and perfumes. Moreover, as the coronavirus disease (COVID-19) continues to spread across the globe, there has been a significant increase in the demand for hand sanitizers and antiseptic solutions, which is providing a thrust to the market growth. Isopropyl alcohol prevents the penetration of viruses and other microorganisms into the skin. Other factors, including the increasing product utilization as a disinfecting and cleaning agent, along with rising expenditure capacities of consumers, are creating a positive outlook for the market.

Competitive Landscape with Key Players:

The market is concentrated with the top 5 players accounting for more than half of the entire market.

  • The Dow Chemical Company
  • Exxon Mobil Corporation
  • Shell Chemicals Europe B.V.
  • INEOS Enterprises Ltd.
  • Super Chemical Technology Co. Ltd.

 

Key Market Segmentation:

The report has categorized the market based on application and industry.

 

Breakup by Application:

  • Process Solvent
  • Cleaning Agent
  • Coating Solvent
  • Intermediate
  • Others

 

Breakup by Industry:

  • Cosmetic and Personal care
  • Pharmaceutical
  • Food and Beverage 
  • Paints and Coatings
  • Chemical
  • Others

 

Regional Insights:

  • Asia
  • North America
  • Europe
  • South America
  • Others

 

Explore full report with TOC & List of Figures: https://www.imarcgroup.com/isopropyl-alcohol-technical-material-market-report

 

Key highlights of the report:                                                    

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

 

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

 

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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