Isopropanol Market Trends, Growth, Industry & Revenue [2030]
Isopropanol Market Trends, Growth, Industry & Revenue [2030]
Segments - Global Isopropanol Market by Applications (Cleaning Agent, Antiseptic & Astringent, Chemical Intermediate, and Solvent), Grade Types (Pharmaceutical Grade, Technical Grade, Electronic Grade, and Cosmetic Grade), End-users (Food & Beverages, Pharmaceutical, Paints & Coatings, Cosmetics & Personal Care, Chemical, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) - Global, Industry Analysis, Growth, Share, Size, Trends, and Forecasts,2021-2028
Upcoming
| Report ID :MC-4519
| 4.7 Rating
| 84 Reviews
| 175 Pages
| Format :
Report Description
The global isopropanol market is anticipated to expand at substantial CAGR during the forecast period, between 2021 and 2028. Isopropanol, also known as isopropyl alcohol, is a secondary alcohol, clear, colorless, and volatile liquid. It is used across a wide range of industries to manufacture several industrial and household chemicals. It is an important ingredient in chemical formulations, such as antiseptics, disinfectants, and detergents. It is widely used as a solvent due to its complete miscibility in a number of solvents, including water. Isopropanol is used as a solvent for compounds such as alkaloids, cosmetics, gums, essential oils, epoxy resins, and ethyl cellulose. Additionally, it is used in laboratories as a reagent, preservative, and for DNA extraction processes.
Market Trends, Drivers, Restraints, and Opportunities:
- Increasing demand from the pharmaceutical industry for production of hand sanitizer, rubbing alcohol, and disinfecting pads is fueling the market.
- Increasing usage of personal care products and cosmetics is expected to drive the demand for isopropanol in the coming years.
- Fluctuations in prices and strict norms on the usage of isopropanol are expected to hamper the market growth.
- Growing demand for isopropanol as a biofuel is anticipated to provide lucrative opportunities for market players during the forecast period.
Scope of the report:
The report on isopropanol market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
|
Attributes |
Details |
|
Report Title |
Isopropanol Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
|
Base Year |
2020 |
|
Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
|
Segmentation |
Applications (Cleaning Agent, Antiseptic & Astringent, Chemical Intermediate, and Solvent), Grade Types (Pharmaceutical Grade, Technical Grade, Electronic Grade, and Cosmetic Grade), End-users (Food & Beverages, Pharmaceutical, Paints & Coatings, Cosmetics & Personal Care, Chemical, and Others) |
|
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered in the Report |
Mistral Industrial Chemicals; Dow; INEOS; LyondellBasell Industries; ReAgent Chemicals Ltd; Linde plc; Shell plc; Ecolab; Exxon Mobil Corporation; and Sasol Limited |
Isopropanol Market Segment Insights:
The antiseptic & astringent segment held substantial market share in 2020
In terms of applications, the isopropanol market can be classified into cleaning agent, antiseptic & astringent, chemical intermediate, and solvent. The antiseptic & astringent segment held a considerable share of the market in 2020 due to high demand of product for use in sanitizers, pharmaceutical formulations, and personal care products. The solvent segment is estimated to expand at the significant CAGR during the forecast period due to isopropanol wide usage as solvent in compounds such as resins, surface coatings, and essential oils.
The electronic grade segment is projected to hold significant market share
Based on grade type, the isopropanol market can be fragmented into pharmaceutical grade, technical grade, electronic grade, and cosmetic grade. The electronic grade segment is anticipated to grow at a considerable pace during the forecast period due to increase in manufacturing of semiconductor ICs and rising usage of consumer electronics.
The pharmaceutical segment is estimated to grow during the forecast period
On the basis of end-users, the market can be segregated into food & beverages, pharmaceutical, paints & coatings, cosmetics & personal care, chemical, and others. The pharmaceutical segment is expected to hold a significant share of the market during the forecast period due to increasing usage of isopropanol in antiseptic solutions, hand sanitizers, and antiseptic skin preparation for patients.
Asia Pacific dominates the global market
In terms of regions, the global isopropanol market can be split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Asia Pacific constituted a significant share of the market in 2020 due to increasing demand for isopropanol in the textile industry and medical use. Moreover, increasing demand from pharmaceutical industry for production of several products such as oral mouthwash, hand sanitizers, alcohol wipes and swabs is driving the market in North America.
Segments
Applications- Cleaning Agent
- Antiseptic & Astringent
- Chemical Intermediate
- Solvent
- Pharmaceutical Grade
- Technical Grade
- Electronic grade
- Cosmetic Grade
- Food & Beverages
- Pharmaceutical
- Paints & Coatings
- Cosmetics & Personal Care
- Chemical
- Others
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
- Mistral Industrial Chemicals
- Dow
- INEOS
- LyondellBasell Industries
- ReAgent Chemicals Ltd
- Linde plc
- Shell plc
- Ecolab
- Exxon Mobil Corporation
- Sasol Limited
Competitive Landscape
Key players in the isopropanol market include Mistral Industrial Chemicals; Dow; INEOS; LyondellBasell Industries; ReAgent Chemicals Ltd; Linde plc; Shell plc; Ecolab; Exxon Mobil Corporation; and Sasol Limited. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Isopropanol Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Isopropanol Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Isopropanol Market - Supply Chain
4.5. Global Isopropanol Market Forecast
4.5.1. Isopropanol Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Isopropanol Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Isopropanol Market Absolute $ Opportunity
5. Global Isopropanol Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Isopropanol Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Isopropanol Demand Share Forecast, 2019-2026
6. North America Isopropanol Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Isopropanol Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Isopropanol Demand Share Forecast, 2019-2026
7. Latin America Isopropanol Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Isopropanol Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Isopropanol Demand Share Forecast, 2019-2026
8. Europe Isopropanol Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Isopropanol Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Isopropanol Demand Share Forecast, 2019-2026
9. Asia Pacific Isopropanol Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Isopropanol Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Isopropanol Demand Share Forecast, 2019-2026
10. Middle East & Africa Isopropanol Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Isopropanol Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Isopropanol Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Isopropanol Market: Market Share Analysis
11.2. Isopropanol Distributors and Customers
11.3. Isopropanol Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Mistral Industrial Chemicals
11.4.2. Dow
11.4.3. INEOS
11.4.4. LyondellBasell Industries
11.4.5. ReAgent Chemicals Ltd
11.4.6. Linde plc
11.4.7. Shell plc
11.4.8. Ecolab
Methodology
Related Reports
Some other reports from this category!
Our Clients
