Isopropyl Alcohol Market 2022 Dominance of the Leading Companies Over the Global Industry by 2030

Astute Analytica released a new market report on the Isopropyl alcohol Market. The in-depth study of the industry includes inputs, information, and data from primary and secondary sources that have been evaluated and verified by specialists in the target market.

Along with significant data and other pertinent information, the study evaluates the competitive landscape and global market growth trend based on the business overview and helps businesses and investment organizations better grasp the market's growth characteristics.

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Regional Analysis:

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.

COVID-19 Impact:

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.

Major Key Players in Isopropyl alcohol market are:

Dow Chemical
Ecolab
INEOS Corporation
Mistral Industrial Chemicals
LyondellBasell Industries
Linde Gas
Royal Dutch Shell
ExxonMobil Corporation
ReAgent Chemicals Ltd
Segmental Analysis:

The segmentation section of the report focuses on every segment, along with highlighting the ones having a strong impact on the 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.

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Segmentation Overview

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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This release was published on openPR.