A report on the Isopropyl Alcohol Market has been recently published by Stratview Research. This Market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the Isopropyl Alcohol Market. The historic years considered for the study are 2015-2020 the base year is 2021, and the forecast period is 2021-2026.
The study includes an in-depth analysis of type, application, and regional segments. It also includes a Market channel, distribution, and customer analysis, industry cost analysis, Market analysis by application, production, revenue, and price trend analysis by type, production and consumption analysis by region, and various other Market studies.
Isopropyl Alcohol Market is likely to witness a healthy CAGR of 6.3% during the forecast period. The prime factor that is contributing to the demand for isopropyl alcohols is the increasing awareness of cleanliness and rising prevalence of bacterial outbreaks. Increasing demand for hand sanitizer and the rising need for hygiene-related products with the COVID-19 outbreak to drive the market during the forecast period.
The Market is segmented by Application Type (Solvent, Cleaning Agent, Chemical Intermediate, Flavoring Agent, Disinfectant, and Others), by End-Use Industry Type (Food, Pharmaceuticals, Cosmetics & Personal Care, Medical, Electronics, Automotive, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
This report also focuses on the short- and long-term implications of the novel Coronavirus pandemic on Isopropyl Alcohol Market at the global, and regional dimensions. To evaluate the percentage of loss or profit to the industry, the report also compares pre-COVID and post-COVID scenarios.
The report delivers a detailed view of the industry based on Isopropyl Alcohol Market size, Market growth, and opportunities. The report also analyses Market key aspects such as-
– Market structure: Overview, industry life cycle analysis, supply chain analysis
– Covid-19 Impact analysis.
– Market environment analysis: Growth drivers and constraints, and SWOT analysis.
– Market trend and forecast analysis.
– Market segment trend and forecast.
– Competitive landscape and dynamics: Market share, product launches, etc.
– Attractive Market segments and associated growth opportunities.
– Emerging trends.
– Strategic growth opportunities for the existing and new players.
The research provides in-depth analysis of the important elements that drive Market growth, including growth potential, opportunities, current Market trends, industry-specific obstacles, and dangers.
Key Segments Isopropyl Alcohol Market Report Covers:
Based on the application type, the market is segmented as solvent, cleaning agent, chemical intermediate, flavoring agent, disinfectant, and others. Solvents held the largest share of the market in 2019, and are expected to remain dominant during the forecast period. Isopropyl alcohol is used in surface coating, inks, pesticides & herbicides, resin, and disinfectants and cleaning products.
Based on the end-use industry type, the isopropyl alcohol market is segmented as food, pharmaceuticals, cosmetics & personal care, medical, electronics, automotive, and others. Cosmetic & personal care and pharmaceuticals industries are expected to drive the demand for isopropyl alcohol during the forecast period. Isopropyl alcohol is used in alcohol wipes, swabs, hand sanitizers, disinfectants, mouthwash, and other products.
In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for isopropyl alcohol during the forecast period, with China, Japan, India, and South Korea being the major countries with lucrative growth opportunities. The growth of the market is bolstered by the demand for cosmetics & personal care products, pharmaceuticals, and electronics generating huge demand for isopropyl alcohols. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
According to the report, brands or companies that are leading globally in this Market are –
- China National Petroleum Corporation
- Dow Chemical Company
- Exxon Mobil Corporation
- LCY Chemical Corp
- LG Chem
- LyondellBasell Industries Holdings B.V.
- Mitsui Chemicals
- Shell Chemicals
- Yancheng Super Chemical Technology Co., Ltd.
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