openPR Logo
Press release

Isopropanol Market: Future Forecast Indicates Impressive Growth Rate with Competition Tracking- Royal Dutch Shell, Dow Chemical Company, Exxon Mobil Corporation, Mitsui Chemicals, Tokuyama Corporation, LG Chem, Ltd., Perrigo Company

12-12-2018 12:13 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Fact.MR

Fact.MR

While some industries are facing a turmoil of supply-demand gap, leading companies are shifting their focus toward employing alternative production methods and expansion of their manufacturing facilities. A recent Fact.MR study projects a volume CAGR of 2.1% for the highly mature isopropanol market in the period of forecast (2018-2028). Over US$ 4,800 Mn worth of isopropanol will be consumed globally by 2028-end. Fluctuation price trend of propylene and crude oil is a key growth deterrent for the isopropanol market in the upcoming years.

Request For Free Sample Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=836

On account of its miscibility in non-polar solvents, isopropanol has gained traction as an essential prerequisite for cleaning pores present in electronic components. The compound witnessed robust demand as a popular cleaner in the semiconductor and electronics industries, as it readily dissolves ionic flux residues, light organic contaminants, and dirt particles. Referred to rubbing alcohol, isopropanol is increasingly being used as a sterilizer and disinfectant in home applications.

Isopropanol Market: Isopropanol Consumption in APEJ Remains Vigorous

Isopropanol market continues to remain vigorous in Asia Pacific excluding Japan (APEJ), with the study projecting over US$ 1,600 Mn worth of isopropanol consumption by 2028-end. Majority share of the isopropanol market in APEJ will remain accounted by China, however consumption rate is expected to be relatively higher in India and ASEAN countries through 2028. Preeminence of the pharmaceutical sector on APEJ’s isopropanol market will prevail. Support of the progressive FMCG sector to the market growth in the region will also remain significant.

Europe has prevailed as a dominant marketplace for isopropanol in the recent past. However, accusations on major stakeholders such as AAE, the Belgian chemical group, and relevant supply chain participants, such as Anex Customs, and Danmar Logistics, export of chemicals used in sarin nerve gas production, have posed a negative impact on the region’s chemicals market, as isopropanol is no exception. Nevertheless, promising future of the construction sector, which involves robust consumption of paints and coatings agents, will offset these impacts while driving demand for the compound as an essential prerequisite solvent. According to the study, Europe will follow APEJ in the isopropanol market, in terms of value and volume.

To know more about the Isopropanol Market Trends, visit this link @ https://www.factmr.com/report/836/isopropanol-market

Application of Isopropanol as Biofuel to Emerge as a Key Trend

An emerging trend being witnessed in the isopropanol market is its surging use as a biofuel. Recent analyses made to devise engineered synthetic pathways for producing isopropanol from microbes have meant that significant potential lies for isopropanol’s utilization as a biofuel for replacing gasoline. Moreover, manufacturing isopropanol using lignocellulosic waste represents a remunerative avenue for economically-feasible production of the compound. With the rise in era of green chemicals, which promotes adoption of bio-based chemicals, biological production methods of isopropanol will be sought-after in the upcoming years, thereby impacting the market growth.

Shifting preference for light-feed petrochemicals in developed markets have led to the shortage in supply of isopropanol, with demand surging without leaps and bounds, which in turn has resulted in significant price hike of the compound. This, coupled with prevailing uncertainties in cost of propylene, has advocated isopropanol manufacturers to employ acetone-based production method. Fundamental benefits associated with the method, such as facilitated production of electronic- and pharma-grade isopropanol, will pave new avenues for the market in the forthcoming years.

Isopropanol Market: Price Fluctuations to Remain a Key Growth Deterrent

Isopropanol witnessed a notable rise in domestic and spot prices in first quarter of 2017, on account of increasing costs of feedstock propylene. Amid broadening demand-supply gap, major isopropanol manufacturers that include LyondellBasell, Monument, Shell, and ExxonMobil independently raised their isopropanol costs, and the trend continued in 2018, with these stakeholders announcing a price hike of 5 cents/lb. Isopropanol industry’s future growth will be significantly affected from these price fluctuations. Additionally, growing crude oil costs driven by the prevailing oil crisis will continue to influence the expansion of the isopropanol market.

A key trend being observed in the isopropanol market is increasing use of the compound as a biofuel. Recent studies conducted to devise engineered synthetic pathways to produce isopropanol from microbes point at the potential of isopropanol’s used as a biofuel to replace gasoline. In addition, isopropanol’s production using lignocellulosic waste has represented a lucrative avenue for economically-viable manufacturing of the compound. The imminent era of green chemicals, which promotes adoption of bio-based chemicals, will significantly complement such biological production methods of isopropanol in the upcoming years.

Table of Content:

Chapter 1 Executive Summary
1.1 Isopropanol Market- Opportunity Assessment
1.2 Mega Trends

Chapter 2 Global Isopropanol Market Overview
2.1 Introduction
2.2 Market Definition
2.3 Scope of the report

Chapter 3 Market Dynamics
3.1 Key Growth Drivers
3.2 Industry Challenges
3.3 Market Trends
3.4 Supply Chain
3.4.1 Trends in the Isopropanol Market Has Many Supply Chain Implications
3.5 Levels of Supply Chain Maturity
3.6 Isopropanol Production Capacity
3.7 Propylene Market Overview
3.7.1 Propylene Demand Growth
3.7.2 Capacity Additions: PDH and CTO Lead the On-Purpose Wave
3.7.3 Key Market Trends
3.8 Investment Feasibility Matrix
3.9 Trade Analysis
3.9.1 Region wise Trade Activity Outlook
3.10 PESTL Analysis
3.11 Porter’s Analysis
3.12 Cost Structure
3.13 Product Lifecycle
3.14 Forecast Factors
3.15 Key Market Participants – Intensity Map Analysis

Chapter 4 Global Isopropanol Market Analysis
4.1 Global Isopropanol Market Outlook
4.1.1 Market Value, Volume Forecast and Analysis
4.1.2 Price Index and Price Point Assessment
4.1.3 Regional Demand Assessment
4.1.3.1 Market Volume Share by Region
4.2 Global Isopropanol Market Analysis by Grade Type
4.2.1 Value, Volume and Forecast by Grade Type

Continued……………..

Grow Your Business From Expert Advice @ https://www.factmr.com/connectus/sample?flag=AE&rep_id=836

About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
FactMR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
Read Industry News at- https://www.industrynewsanalysis.com/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Isopropanol Market: Future Forecast Indicates Impressive Growth Rate with Competition Tracking- Royal Dutch Shell, Dow Chemical Company, Exxon Mobil Corporation, Mitsui Chemicals, Tokuyama Corporation, LG Chem, Ltd., Perrigo Company here

News-ID: 1435190 • Views: 428

More Releases from Fact.MR

Global Data Annotation Tool Market to Grow 7X by 2030
Integration of artificial intelligence with various industries such as automotive, retail, healthcare, and financial services is helping generate voluminous data. It is crucial for organizations to collect, and catalogue this data with the help of data annotation tools. Data once annotated is then utilized to train artificial intelligence programs. These programs are then consumerized and they further generate data starting the entire cycle again. For detailed insights on enhancing your
Demand for Hand Sanitizer Market to Surpass US$ 2.8 Bn by 2030
The global hand sanitizer market is set to surpass a value of ~US$ 1.4 Bn in 2020 and is anticipated to cross US$ ~2.8 Bn during the forecast period 2020-2030. The demand for gel-based sanitizer is on the rise as compared to foaming or spray sanitizer. Thus, manufacturers are focusing on developing gel-based sanitizers as they are widely used in multiple end-use industries. With the increased penetration of the online
Sales of Disinfectant Spray Market to Grow at a CAGR of 14% Through 2030
Surge in demand for disinfectant and hygiene products owing to COVID-19 epidemic is expected boost disinfectant spray sales. The market is pegged to surpass US$ 850 Mn by 2020 and is expected to grow 1.3x over the year. The global disinfectant spray market has gained momentum in the historical period owing to enhanced healthcare facilities and an increasing number of household buyers. For detailed insights on enhancing your product footprint,
Demand for IP Geo-Location Market to Grow at a CAGR of 10.6% Through 2030
Owing to its modest growth in the past and the introduction of IPv6 numbering IP allocation system, IP geo-location service market is anticipated to grow 3.0X through 2030. Furthermore, broadband penetration with FTTH initiatives by regional and global governmental bodies is also giving an uptick to its demand. For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=4703&utm_source=openpr&utm_medium=Prasad Emergence of digital marketing and its applications such as

All 5 Releases


More Releases for Isopropanol

Significant Growth Foreseen by Isopropanol Market During 2016-2026
Global Isopropanol Market: Introduction Isopropanol is a colourless, flammable liquid and a low-cost solvent. This solvent finds innumerable applications in many industries such as cosmetics, pharmaceutical, paints & coatings, cleaning, etc. It is used to create many other compounds such as isopropyl amines, isopropyl esters and derivative ketones among others. It is produced from either the direct catalytic reduction of acetone or indirect hydration of propene. Solvent applications of isopropanol include
High Purity Isopropanol Market to Witness Robust Expansion by 2025
LP INFORMATION recently released a research report on the High Purity Isopropanol market analysis, which studies the High Purity Isopropanol's industry coverage, current market competitive status, and market outlook and forecast by 2025. Global “High Purity Isopropanol Market 2020-2025” Research Report categorizes the global High Purity Isopropanol market by key players, product type, applications and regions,etc. The report also covers the latest industry data, key players
Isopropanol Market to Penetrate Untapped Regions During 2016 - 2026
Global Isopropanol Market: Introduction Isopropanol is a colourless, flammable liquid and a low-cost solvent. This solvent finds innumerable applications in many industries such as cosmetics, pharmaceutical, paints & coatings, cleaning, etc. It is used to create many other compounds such as isopropyl amines, isopropyl esters and derivative ketones among others. It is produced from either the direct catalytic reduction of acetone or indirect hydration of propene. Solvent applications of isopropanol include
Isopropanol Market to Witness a Healthy Growth during 2016 – 2026
Global Isopropanol Market: Introduction Isopropanol is a colourless, flammable liquid and a low-cost solvent. This solvent finds innumerable applications in many industries such as cosmetics, pharmaceutical, paints & coatings, cleaning, etc. It is used to create many other compounds such as isopropyl amines, isopropyl esters and derivative ketones among others. It is produced from either the direct catalytic reduction of acetone or indirect hydration of propene. Solvent applications of isopropanol include
Isopropanol Market Poised to Garner Maximum Revenues During 2016 - 2026
Global Isopropanol Market: Introduction Isopropanol is a colourless, flammable liquid and a low-cost solvent. This solvent finds innumerable applications in many industries such as cosmetics, pharmaceutical, paints & coatings, cleaning, etc. It is used to create many other compounds such as isopropyl amines, isopropyl esters and derivative ketones among others. It is produced from either the direct catalytic reduction of acetone or indirect hydration of propene. Solvent applications of isopropanol include
Isopropanol Market to Register a Stout Growth by End 2020
Global Isopropanol Market: Introduction Isopropanol is a colourless, flammable liquid and a low-cost solvent. This solvent finds innumerable applications in many industries such as cosmetics, pharmaceutical, paints & coatings, cleaning, etc. It is used to create many other compounds such as isopropyl amines, isopropyl esters and derivative ketones among others. It is produced from either the direct catalytic reduction of acetone or indirect hydration of propene. Solvent applications of isopropanol include