Isopropanol Market Expects To Grow At 2.5% CAGR During 2023-2032

Latest industry survey by Fact MR, predicts sales of Electronic Grade Isopropanol to swell at propelled CAGR through 2031, as chemical and materials sales gradually recover post disruptions caused by COVID-19. The report is aimed at furnishing insights into hidden growth opportunities and challenges. It also provides recommendations to aid businesses prep for unforeseen challenges.

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The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future.

Electronic Grade Isopropanol market valuation is anticipated to grow at a CAGR 2.5% over the forecast period of 2022 to 2032. As per the latest study by Fact.MR- a market research and competitive intelligence provider, global Electronic Grade Isopropanol consumption set to reach over 3,747 kilo tons by 2032 end which amounts to around 1% share of the global organic chemical consumption.

Demand for Electronic Grade Isopropanol will remain modest, as the industry matures and witnesses confinements in innovations & developments. A recent Fact.MR report estimates nearly Electronic Grade Isopropanol market value worldwide anticipated reach over US$ 4.8 Bn by 2032-end.

Attribute Details
Market size value in 2021 USD 3.2 Billion
Market forecast value in 2032 USD 4.8 Billion
Global Growth Rate CAGR 2.5%

The report offers actionable and valuable market insights of Electronic Grade Isopropanol. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Electronic Grade Isopropanol Market across various industries and regions.

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Electronic Grade Isopropanol market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Electronic Grade Isopropanol

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Electronic Grade Isopropanol Market Key Segments

• By Grade Type
o Technical Grade
 Direct Solvent Grade
 Chemical Derivatives Grade
o Pharmaceutical Grade
o Cosmetic Grade
o Electronic Grade
• By Manufacturing Process
o Indirect Hydration of Propylene
o Direct Hydration of Propylene
o Catalytic Hydrogenation of Acetone
• By Application
o Pharmaceuticals
o Homecare
o Cosmetic & Personal Care
o Chemical Intermediates
o Electronics
o Others
• By Primary Function
o Dissolving Agent
o Cleaning & Drying Agent
o Disinfectant
o Anti - freezing Agent
o Synthetic Flavoring Adjuvant
o Antiseptics
o Anti-adhesives
o Others

Electronic Grade Isopropanol Market: Electronic Grade Isopropanol Consumption in APEJ Remains Vigorous

Electronic Grade Isopropanol market continues to remain vigorous in Asia Pacific excluding Japan (APEJ), with the study projecting over US$ 1,600 Mn worth of Electronic Grade Isopropanol consumption by 2028-end. Majority share of the Electronic Grade 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 Electronic Grade 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 Electronic Grade 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 Electronic Grade 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 Electronic Grade Isopropanol market, in terms of value and volume.

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Application of Electronic Grade Isopropanol as Biofuel to Emerge as a Key Trend

An emerging trend being witnessed in the Electronic Grade Isopropanol market is its surging use as a biofuel. Recent analyses made to devise engineered synthetic pathways for producing Electronic Grade Isopropanol from microbes have meant that significant potential lies for Electronic Grade Isopropanol's utilization as a biofuel for replacing gasoline. Moreover, manufacturing Electronic Grade 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 Electronic Grade 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 Electronic Grade 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 Electronic Grade Isopropanol manufacturers to employ acetone-based production method.

Fundamental benefits associated with the method, such as facilitated production of electronic- and pharma-grade Electronic Grade Isopropanol, will pave new avenues for the market in the forthcoming years.

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This release was published on openPR.