Press release
Isopropyl Alcohol Market in Latin America to see 6% CAGR through 2026 | Key players like Dow, ExxonMobil, Shell, INEOS, Kellin, LG Chem, INEOS
Isopropyl Alcohol Market
Isopropyl alcohol market of Middle East & Africa is expected to beat a valuation of $150 million due to collective demand for virtuous quality sanitizers and cleaning solutions. The requirement for hand sanitizers has enormously augmented across the region, which is anticipated to positively influence the regional market’s revenue graph during the ongoing scenario of COVID-19.
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In terms of application, the isopropyl alcohol market is divided into flavoring agents, chemical intermediate, solvent, cleaning agent, disinfectants and others. The chemical functions as viscosity decreasing agent, antifoaming agent, cosmetic astringent, and solvents. Changing perception towards hygiene ever since the recent pandemic as well as rapid demand for high-quality cleaning products could foster the sales of isopropyl alcohol-based products over time.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Dow Chemical
2. ExxonMobil
3. Shell
4. INEOS
5. Kellin Chemical
6. LG Chem
7. LCY Chemical
8. Super Chemical
9. Galaxy Chemicals
10. INEOS
11. LCY Chemical Corporation
The global isopropyl alcohol market is gaining traction, mainly due to the increasing demand for hand sanitizers and disinfectants in wake of the global COVID-19 pandemic. Reportedly, the sales of hand sanitizers and similar products amid the COVID-19 outbreak had swelled across the global market.
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Numerous authorities and governments across the globe have identified the benefits of utilizing alcohol based sanitizers to prevent the surging cases of coronavirus. For example, the FDA in the U.S. has made several guidelines pertaining to the usage of a certain type of sanitizers that are more effective in eliminating deadly viruses.
Isopropyl alcohol is a chemical-based solution that is widely utilized across several end-use industries such as pharmaceutical, automotive, and personal care & cosmetics, among others. The rising occurrence of communicable diseases and increasing pollution levels across the globe have also created tremendous awareness about the importance of personal hygiene among people.
The ongoing COVID-19 pandemic has heightened the adoption of alcohol-based disinfectants and hand sanitizers. According to reports, there have been over 42 million confirmed cases of COVID-19 worldwide, with more than 1 million deaths.
In a bid to contain its spread, federal regulators have advised citizens to frequently sanitize and disinfect themselves and their surroundings. The US Centers for Disease Control and Prevention have instructed citizens to use hand sanitizers with 70% isopropyl alcohol or 60% ethyl alcohol.
Get More News;
https://www.prnewswire.com/news-releases/tcd-alcohol-dm-market-projected-to-exceed-35-million-by-2026-says-global-market-insights-inc-301187945.html
https://www.globenewswire.com/news-release/2017/07/03/1037421/0/en/Acetic-Acid-Market-to-surpass-16bn-by-2024-Global-Market-Insights-Inc.html
https://www.globenewswire.com/news-release/2018/11/08/1647694/0/en/Peracetic-Acid-Market-to-hit-1-2bn-by-2025-Global-Market-Insights-Inc.html
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Global Market Insights, Inc.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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