Global Isopropanol market, 2024-2030

Isopropanol is also known as Isopropyl alcohol (chemical formula CH3CHOHCH). Isopropanol is an isomer of propyl alcohol with antibacterial properties. It is volatile, colorless liquid, a odor like rubbing alcohol and flash point around 53°F. It is generally used as solvent and finds various applications in many industries such as paints and coatings, cleaning, pharmaceutical, cosmetics and used as flavoring agent, etc. This compound is widely used as cleaner in the semiconductor and electronics industries due to its dirt removing property. As it has antibacterial property that leads to use in a sterilizer and disinfectant in home/ clinical applications. Isopropanol is used in soaps and lotions as an antiseptic.

Isopropanol is miscible in water, ethanol, ether, and chloroform. It dissolves ethyl cellulose, polyvinyl butyral, many oils, alkaloids, gums and natural resins. Isopropanol is not miscible with salt solutions and can be separated by sodium chloride. Isopropyl alcohol is often used as both solvent and hydride source.

The global isopropanol market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global isopropanol market is growing at a fast pace and increasing its geographical footprint rapidly. The global isopropanol market is valued at US $ xxx million dollars in 2018 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2023 in value.

There is increasing demand of cosmetic and personal care products, the chemical companies are working on developing new chemicals to meet the growing demand for ingredients required by the cosmetics and personal care industry, which lead to an increase in the use of isopropanol.

Isopropanol enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East and Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of isopropanolmarket globally. The companies that lead global isopropanol market are BASF, Royal Dutch Shell Plc., Exxon Mobil, The Dow Chemical Company, Clariant, and others.

Research Methodology

The research process includes the market segmentation of the global isopropanol market, identifying the growth determinants of every market segment and market forecasts. All the market forecasts are done in accordance with the inputs taken from the isopropanol market industry experts from across the global industry. Market Krystal conducts more than 40 interview hours dedicated for this study, the same are mentioned below:

By company type:

Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (40%), Asia (35%), Europe (25%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

•Insights on the global isopropanol industry dynamics

•Estimation of the present global isopropanol market size in terms of value and volume

•Global isopropanol market breakup based on types and applications
• Substantiated global isopropanol market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of global isopropanol industry value chain