Isopropyl Alcohol Market Report to Share Key Aspects of the Industry with the Details of Influence Factors

SDKI Inc. published a new report on the "Isopropyl Alcohol Market-Forecast 2022-2031". This study includes the statistical and analytical approaches needed to grow the isopropyl alcohol market. The key industry insights provided in the report provide readers with better ideas about market overviews regarding existing market scenarios. In addition, the report contains a detailed discussion of current and future market trends related to market growth.

Report sample URL
https://www.sdki.jp/sample-request-92790

The isopropyl alcohol market is estimated to reach US $ 3.39 billion by 2031, from a market value of US $ 2.78 billion in 2022, and is expected to grow at a CAGR of 2.5% during the 2022-2031 forecast period.

Isopropyl alcohol is a volatile, flammable, transparent, colorless liquid that has a disinfecting effect. It mixes with water, but is insoluble in saline solution. It is used as a solvent for essential oils, alkaloids, gums, resins, coatings, celluloses, lacquers and in the extraction process. It is also used as a preservative, as an inert solvent to reduce the flammability of coatings during storage and transportation, and as an additive for inks and thinners for water-based paints. Isopropyl alcohol is registered as an antibacterial, bactericidal, bactericidal and antiviral agent.

The isopropyl alcohol market is driven by the demand for isopropyl in solvent applications. Isopropyl alcohol is used in combination with ethyl alcohol or N-propyl alcohol in disinfectants such as hand sanitizers, surface cleaners and clinical equipment cleaners. Demand for isopropyl alcohol is now even higher in developing countries due to economic growth and growing hygiene awareness. This also contributed to the growth of the isopropyl alcohol market during the forecast period. In addition, the diverse use of isopropyl alcohol in various industries such as automotive, laboratories, medical and solvents is driving market growth. With the progress of these industries, the demand for isopropyl alcohol is also increasing.

Sample URL of the report
https://www.sdki.jp/sample-request-92790

Isopropyl alcohol market segment

The isopropyl alcohol market is divided by application (process solvents, cleaning agents, intermediates, coating solvents, etc.) and by region. These segments are further subsegmented based on various factors and consist of some additional information about the market, such as the combined annual growth rate of each segment and subsegment, the market value and volume of the valuation period.

Regional overview of the isopropyl alcohol market

isopropyl alcohol market is further subdivided based on the region, and the market growth of each country is evaluated. These include North America (US, Canada, and other North America), Europe (Germany, France, Italy, Spain, UK, and other Europe), Asia Pacific (China, Japan, India, Australia, Singapore, and others). Asia Pacific) and other regions.

The Asia Pacific region holds the largest share of volume in 2019 and is expected to witness the fastest growth during the forecast period. The regional movement of isopropyl alcohol may depend on recent industry trends after the coronavirus epidemic and economic recovery in each country. In 2018, the United States was the main consumer of this product. In addition, demand for health and safety products is high in European countries such as Germany and Italy, the United States, and Asian countries such as Japan, China and India. These factors are driving the growth of the regional isopropyl alcohol market.

A major key player in the isopropyl alcohol market

Key players in the isopropyl alcohol market include Shell Chemicals, Dow Chemicals, Exxon Mobil Chemical Company, Sasol Olefins and Chang Chun Plastics Co. Ltd. This study includes a detailed competitive analysis of these major companies in the isopropyl alcohol market, corporate profiles, recent developments, and key market strategies.

Details of the survey report
https://www.sdki.jp/press-details/isopropyl-alcohol-market/648

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This release was published on openPR.