China Iso Propyl Alcohol Market Analysis: Plant Capacity, Production, Operating Efficiency, Technology, Demand & Supply, End User Industries, Distribution Channel, Region-Wise Demand, Import & Export , 2015-2030
China Iso Propyl Alcohol market demand stood at 598.81 Thousand Tonnes in 2020 and is forecast to reach 984.83 Thousand Tonnes by 2030, growing at a healthy CAGR of 5.36% until 2030. owing to surging demand as a solvent in the pharmaceuticals, disinfectants, and cosmetics industry. IPA is also used as a solvent in foods, adhesives, inks, and coatings, as a cleaning agent for electronic devices, and as a petrochemical intermediate feedstock. The country’s rigorous investments towards the expansion of its pharmaceuticals and chemicals industry would act as a springboard for the IPA market in the forecast period.
The COVID-19 outbreak across the world which has been declared as a pandemic by World Health Organization has affected countries adversely. Leading authorities of China imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. Coronavirus-affected patients started suffering from shortness of breath along with coughing and sneezing which created lucrative opportunities for the growth of the respiratory care devices market. Leading authorities increased the capacity of hospitals as a greater number of patients were getting affected daily and getting admitted into the hospital facilities. The high demand for hand sanitizers that uses isopropyl alcohol as the main ingredient contributed to high sales in this forecast period.
Under this subscription, you would be able to access China Iso Propyl Alcohol market demand and supply analysis on a cloud-based platform for one year. The data is updated on a near real-time basis to add any new movement in the industry including but not limited to new plant announcements, plant shutdowns, temporary disruptions in demand or supply, news and deals, and much more specific to Iso Propyl Alcohol.
Years Considered for Analysis:
Historical Years: 2015 – 2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021 – 2030
This report will be delivered on an online digital platform with a one-year subscription and quarterly update.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook