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Isopropyl Alcohol Market 2023- Market Size, Share, Business Growth, Trends And Forecast To 2032
Isopropyl Alcohol Market Analysis
Isopropyl Alcohol Market Size, Growth Rate, And Forecast
The global isopropyl alcohol market size is expected to grow from $4.19 billion in 2022 to $4.52 billion in 2023 at a compound annual growth rate (CAGR) of7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The isopropyl alcohol market size is expected to grow to $6.08 billion in 2027 at a CAGR of 7.7%.
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Isopropyl Alcohol Market Drivers
The rising usage of personal care products and cosmetic products is expected to propel the growth of the isopropyl alcohol markets going forward. Personal care and cosmetic products refer to any product which is applied to the external part of the body for beautifying and basic grooming such as cleaning body parts, protecting from germs, preventing bad odor, changing in appearance, and keeping body parts in good condition.
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Isopropyl Alcohol Market Segments
1) By Grade: 70% IPA, 90% IPA
2) By Production Method: Indirect Hydration, Direct Hydration
3) By Application: Antiseptic And Astringent, Cleaning Agent, Solvent, Chemical Intermediate, Other Applications
4) By End-Use: Cosmetics And Personal Care, Pharmaceutical, Food And Beverages, Paints And Coatings, Chemical, Other End-Uses
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the isopropyl alcohol market.
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Isopropyl Alcohol Market Key Players
Major competitors in the isopropyl alcohol market include The Dow Chemical Company, INEOS Group Limited, Shell PLC., ExxonMobil Corporation, LG Chem Ltd., Kellin Chemicals(zhangjiagang)Co Ltd., LCY Chemical Corp, Zhejiang Xinhua Chemical Co Ltd.
The Business Research Company's "Global Isopropyl Alcohol Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Isopropyl Alcohol Market Include:
1. Executive Summary
2. Isopropyl Alcohol Market Characteristics
3. Isopropyl Alcohol Market Trends And Strategies
4. Isopropyl Alcohol Market - Macro Economic Scenario
5. Isopropyl Alcohol Market Size And Growth
.....
26. Africa Isopropyl Alcohol Market
27. Isopropyl Alcohol Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Isopropyl Alcohol Market
29. Isopropyl Alcohol Market Future Outlook and Potential Analysis
30. Appendix
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