Isopropyl Alcohol Market | Growth, Trends and Forecasts 2023 - DowDuPont, Royal Dutch Shell PLC, Jiangsu Denoir Technology, Merck KGaA, Mitsui Chemicals, LG Chem, Carboclor SA, Isu Chemical, Deepak Fertilisers & Petrochemicals and Sisco Research Laborator

Isopropyl Alcohol Market – Overview

The burgeoning use of Isopropyl Alcohol in a wide range of cleaning agents is expanding the market’s size significantly. Market reports associated with the chemicals and materials sector made accessible by Market Research Future along with published reports on other sectors have been lately put out along with a report on this industry. The market is likely to grow at an unparalleled CAGR in the duration of the forecast period.

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The use of isopropyl in medical applications has been on the rise presently due to the growing emphasis on maintaining hygiene to prevent the spread of diseases. The swiftly growing automotive industries globally have also augmented the demand for Isopropyl Alcohol to an increased extent. The escalating consumer use of Isopropyl Alcohol in skin and hair preparations, cosmetics, perfumes, pharmaceuticals, dye solutions, soaps and window cleaners are adding to the overall demand growth of the market in the forecast period.

Segmental Analysis

The Isopropyl Alcohol Market segmentation has been segmented on the basis of Production Methods, Regions and Application. On the basis of Applications, the market is segmented into laboratory, medical, automotive, solvents and others. Whereas the segmentation on the basis of Production Methods comprises of direct hydration, indirect hydration and others. The regions that are a part of the market comprises of Europe, APAC, North America, and the rest of the world.

Detailed Regional Analysis

The regional analysis of the market for Isopropyl Alcohol comprises of regions such as Europe, APAC, North America, and rest of the world. The Asia Pacific region was responsible for the major market share in the Isopropyl Alcohol Market and is anticipated to control the market through the forecast period owing to the rising automotive and chemical industry in the region. China which is the largest manufacturer, consumer, and exporter of Isopropyl Alcohol is expected to lead the market in the region. India is responsible for the next main market stake in terms of value and volume and is anticipated to develop with the highest annual growth rate owing to the rising pharmaceutical, chemical, automotive, cosmetic and personal care industries in these nations. In addition to this, the North American & European regions have observed incremental development in the Isopropyl Alcohol Market due to robust competition from hydrogen peroxide in the region.

Competitive Analysis

The market is relatively well defined in terms of its value and volume. The accessibility to a good labor force along with resources is adding to the overall market growth. The external factors are shaping the market which is dependent on the techniques and the strategic roadmaps that are deployed by market players. The innovation in products and services is a main factor adding to the market's profitability and inflencing the trends that gain prominence in the market. The key success factors and competitors’ tendencies are progressively improving by the strategies being exploited by market players.

The foremost market contenders in the Isopropyl Alcohol Market globally comprise of Avantor, Crystal Clean Chemicals, Crystal Clean Chemicals, Puritan Products, Huate Gas, Denoir Ultra Pure, Guangfu Fine Chemicals and others.

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