A recent report published by Infinium Global Research on isopropyl alcohol market provides an in-depth analysis of segments and sub-segments in the global as well as regional isopropyl alcohol market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional isopropyl alcohol market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global isopropyl alcohol market. According to the report, the global isopropyl alcohol market is projected to grow at a CAGR of 4% over the forecast period of 2019-2025.
Isopropyl alcohol is a low-cost solvent used in many industrial and consumer products and as an extractant. It is used in cosmetics and personal care products, paints and resins, pharmaceuticals, food, inks, and adhesives. It is also used as a solvent for oil and gums and in the manufacture of fishmeal concentrates. Low-grade IPA is used in motor oils. Various grades of 99% IPA are commercially available, including USP (United States Pharmacopoeia), ACS reagent and ACS semiconductor. The demand for isopropyl alcohol is projected to report strong growth in major emerging markets.
Isopropyl alcohol is one of the most widely used solvents. The mounting applications for isopropyl alcohol in printing inks, coatings, coolant, extractant, deicing, organic synthesis, an industrial solvent, electronics cleaner, personal care products, and pharmaceuticals is driving the growth of the isopropyl alcohol market. Isopropyl alcohol is used in surface coatings, including wood finishes, auto refinishes and thinners. It is most commonly used as a rubbing-alcohol antiseptic for its antibacterial properties. It finds applications in aftershave lotions, hand lotions, and other cosmetics. The growing healthcare industry all over the globe is also anticipated to aid the growth of the isopropyl alcohol market. In industry, it is used as an inexpensive solvent for cosmetics, drugs, shellacs, and gums, as well as for denaturing ethanol. However, stricter volatile organic compound (VOC) regulations is likely to restrain the growth of the market. Moreover, the rising research and development on the use of isopropyl alcohol as a biofuel may create favorable growth opportunities for the market players in the isopropyl alcohol market.
North America held the dominant share in the isopropyl alcohol market, however, Asia Pacific is anticipated to exhibit a substantial CAGR over the forecast period of 2019 to 2025. According to the production base, China and India are the two largest regions. The large scale consumption of isopropyl alcohol as a key ingredient from several end users such as cosmetic, pharmaceutical and industries boost the market growth in the North America region. Furthermore, the growth of the personal care industry in Europe also contributes to the growth of isopropyl alcohol market in this region. Moreover, increasing industrialization, expanding pharmaceutical and cosmetic industry boosts the demand for isopropyl alcohol in the Asia Pacific markets.
The report on global isopropyl alcohol market covers segments such as grade, application, and end-users. On the basis of grade, the sub-markets include 70% IPA, and more than 90% IPA. On the basis of application, the sub-markets include solvent, cleaning agent, intermediate, coating solvent, and other applications. On the basis of end-users, the sub-markets include pharmaceutical, food & beverages, paints & coatings, personal care & cosmetics, and chemical.
The report provides profiles of the companies in the market such as Dow Chemical Company, Royal Dutch Shell plc, Exxon Mobil Corporation, Clariant AG, Mitsui Chemicals Inc., Perrigo Company plc, LyondellBasell Industries N.V., China Petroleum & Chemical Corporation, Mitsubishi Chemical Corporation, INEOS Enterprises, and Other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of isopropyl alcohol market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.