Worldwide Isopropyl Alcohol Industry to 2027 - Featuring Exxon Mobil, Shell Chemicals Europe and INEOS Enterprises Group Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Isopropyl Alcohol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.

The global isopropyl alcohol market reached a value of US$ 4.3 billion in 2021. Looking forward, the market is projected to reach US$ 5.4 billion by 2027, exhibiting a CAGR of 4.1% during 2022-2027.

Companies Mentioned

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

Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use industries. These insights are included in the report as a major market contributor.

Isopropyl alcohol is an organic chemical compound with the chemical formula C3H7OH. It is a colourless, volatile and flammable liquid compound which has a bitter taste and strong odour. Although miscible with water, few alcohols, ether and chloroform, isopropyl alcohol is insoluble in salt solutions. It majorly 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 anti-freeze compositions. Isopropyl alcohol is also used in the production of glycerol, shellacs, quick drying inks, isopropyl acetate and creosote.

Isopropyl alcohol finds diverse applications in several downstream industries like paint and coating, automotive, cosmetic, printing, pharmaceutical, etc. Economic reforms have resulted into a rise in the disposable incomes and changes in lifestyle of the consumers across the globe, thereby catalysing the growth of these industries.

Isopropyl alcohol has been used to remove flux residues after soldering and as a general cleaner to remove oil, grease, and other handling soils. Apart from this, it is also used for purifying and extracting natural products such as animal and vegetable oils, waxes, resins, flavourings, fats, vitamins, etc., which is positively influencing the market growth.

One of the fastest-growing markets for isopropyl alcohol is Asia Pacific, wherein China represents the leading region. As isopropyl alcohol is readily available in the region, it can be purchased in bulk quantities at fairly low prices. Additionally, thriving cosmetics and personal care industry, rapid economic growth and elevating income levels have resulted into a heightened demand for isopropyl alcohol-based products.

Isopropyl alcohol is stable if it is properly handled and stored in adequate conditions. In addition to this, it has a shelf-life of two years from the manufacturing date. The chemical makeup and potency of isopropyl alcohol remain stable for two years in its original closed container.

The most popular technique for producing isopropyl alcohol on a commercial level is the indirect hydration of propylene. Demerits of this method such as high energy cost, corrosive condition and pollution problems had led to the development of a more efficient technique, called catalytic hydrogenation of acetone. Such technological advancements in the production have empowered the industry with higher yield rates and production of high-purity grades, thereby generating opportunities for new applications of isopropyl alcohol.

Key Questions Answered in 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 breakup of the global isopropyl alcohol market based on the industry?

6. Who are the key companies/players in global isopropyl alcohol market?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

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 Key Price Indicators

5.4.2 Price Structure

5.4.3 Price Trends

5.5 Market Breakup by Region

5.6 Market Breakup by Application

5.7 Market Breakup by Industry

5.8 Market Forecast

5.9 SWOT Analysis

5.10 Value Chain Analysis

5.11 Porter's Five Forces Analysis

5.12 Trade Data

5.13 Key Market Drivers and Success Factors

6 Performance of Key Regions

7 Market Breakup by Application

8 Market Breakup by Industry

9 Competitive Landscape

9.1 Competitive Structure

9.2 Production Capacity of Key Players

9.3 Key Player Profiles

10 Isopropyl Alcohol Manufacturing Process

11 Isopropyl Alcohol Feedstock Market Analysis

11.1 Propylene

11.1.1 Market Performance

11.1.1.1 Volume Trends

11.1.1.2 Value Trends

11.1.2 Price Trends

11.1.3 Market Breakup by Region

11.1.4 Market Breakup End-Use

11.1.5 Key Suppliers

11.2 Acetone

11.2.1 Market Performance

11.2.1.1 Volume Trends

11.2.1.2 Value Trends

11.2.2 Price Trends

11.2.3 Breakup by Region

11.2.4 Market Breakup by End-Use

11.2.5 Key Suppliers

For more information about this report visit https://www.researchandmarkets.com/r/9jh75s

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