Isopropyl Alcohol Market 2022 Size, Share, Emerging Trends, Top Players with Strategies and Forecast 2030

Astute Analytica has released new research on the worldwide Global Isopropyl Alcohol market that includes competitor micro-analysis and important industry segments (2022-2030). The Global Isopropyl Alcohol market report examines in-depth research on numerous segments, including prospects, size, growth, innovation, sales, and general player growth. The study uses primary and secondary statistical sources, and it includes both qualitative and quantitative analysis.

The Global Isopropyl Alcohol Market size was US$ million in 2021 and is forecast to reach US$ million by 2030, growing at a CAGR of % from 2022 to 2030.

The market study provides a thorough explanation of a number of market analysis techniques, including SWOT analysis and five-point analysis. The market report also includes an in-depth analysis of several growth plans and initiatives to broaden the business's horizons on a regional and international scale. It gives readers a thorough explanation of all the market difficulties and development prospects related to the Global Isopropyl Alcohol market.

Segmental Analysis:

The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the global Isopropyl alcohol market. The segmentation served as the foundation for finding businesses and examining their financial standings, product portfolios, and future growth potential. The second step entailed evaluating the core competencies and market shares of top firms in order to predict the degree of competition. A bottom-up method was used to assess the market's overall size.

A close look of market based on segments detailed below allows readers to identify multiple growth pockets across applications and areas which pose higher competition.

By Grade

Cosmetic Grade IPA
Electronic Grade IPA
Industrial Grade IPA
Pharmaceutical Grade IPA
By Application

Antiseptic & Astringent
Chemical Intermediate
Cleaning Agent
Coating Solvent
Process Solvent
Other Applications
By End-user Industry

Chemical
Cosmetics and Personal Care
Food and Beverages
Paints and Coatings
Pharmaceutical
Research laboratories
Others
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Key Players

Dow Chemical
Ecolab
INEOS Corporation
Mistral Industrial Chemicals
LyondellBasell Industries
Linde Gas
Royal Dutch Shell
ExxonMobil Corporation
ReAgent Chemicals Ltd
Impact Analysis of COVID-19:

Almost every product people use has chemicals. Chemical businesses are functioning in a radically different paradigm as the effects of COVID-19 ripple over the globe and economic activity grinds to a standstill. There is a chasm in the demand for chemicals across end markets. The global supply networks disrupted, chemical companies' stock prices have taken major hits, and chemical manufacturer competitive orders have switched swiftly in the United States, the Middle East, China, and Europe.

Regional Insights:

As economies reopen and countries are lifting limitations, the US chemical industry is forecast for a significant recovery in 2022, which could boost plant utilization rates that were affected hard by the pandemic. In the United States, industrial production is forecast to increase by 5.5 percent in 2021 and 4.3 percent in 2022. Chemical volumes in the United States are forecast to rise 1.5 % in 2021 and 3.0% in 2022, while shipments to rise 8.0 % in 2021 and 2022, following a 13.5% drop in 2020.

The Asia Pacific region size value was 36.0% market share, maintaining the largest market share across all regions. As a result of the existence of critical developing economies such as China, India, and Japan in this region, recording the largest market share in the market. Paints and coatings, water treatment, personal care ingredients and cosmetics, electronics, agriculture, and other sectors employ chemicals throughout the Asia-Pacific area. For foreign investors, these places provide excellent investment options. China was the largest specialty chemical market in Asia in 2019, accounting for about 38.9% of the global market. India came in second with a 23.1% share of the total market.

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About Astute Analytica:

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This release was published on openPR.