Isopropyl Alcohol Market Size (US$ 5.6 Billion) Share, Trends Analysis, Statistics and Forecast 2023-2028

IMARC Group, a leading market research company, has recently released a report titled "𝐈𝐬𝐨𝐩𝐫𝐨𝐩𝐲𝐥 𝐀𝐥𝐜𝐨𝐡𝐨𝐥 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐆𝐥𝐨𝐛𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐒𝐡𝐚𝐫𝐞, 𝐒𝐢𝐳𝐞, 𝐆𝐫𝐨𝐰𝐭𝐡, 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐲 𝐚𝐧𝐝 𝐅𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝟐𝟎𝟐𝟑-𝟐𝟎𝟐𝟖." The study provides a detailed analysis of the industry, including the global isopropyl alcohol market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How Big is the Isopropyl Alcohol Market?

The global isopropyl alcohol market size reached US$ 4.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.6 Billion by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐚 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.imarcgroup.com/isopropyl-alcohol-technical-material-market-report/requestsample

What is Isopropyl Alcohol?

Isopropyl alcohol represents an organic chemical compound that is a volatile, colorless, and flammable liquid and has a bitter taste and strong odor. Although miscible with few alcohols, water, ether, and chloroform, it is insoluble in salt solutions. Isopropyl alcohol finds extensive applications as a solvent in resins, alkaloids, essential oils, gums, cellulose, and coatings, de-icing agent in lacquers, liquid fuels, and extraction processes, and an antiseptic in anti-freeze compositions. In line with this, it is also widely used in the production of shellacs, quick-drying inks, glycerol, isopropyl acetate and creosote, etc.

What are the Growth Prospects and Trends in the Isopropyl Alcohol Industry?

The escalating demand for alcohol-based hand rubs and sanitizers, on account of the sudden outbreak of the COVID-19 pandemic, is primarily driving the isopropyl alcohol market. Additionally, the inflating disposable income levels of individuals and the widespread adoption of this compound for purifying and extracting natural products, such as animal and vegetable oils, resins, waxes, flavorings, fats, vitamins, etc., are further catalyzing the market growth. Besides this, the growing utilization of isopropyl alcohol in biodiesel production, owing to the expanding automotive sector and enhanced focus on sustainable development, is acting as another significant growth-inducing factor. Moreover, it is also used as a general cleaner for removing oil, grease and handling soil, as well as to remove flux residues after soldering, which is positively influencing the global market. Apart from this, the inflating popularity of isopropyl alcohol-based products across the personal care industry is bolstering the market growth. Furthermore, the development of a more efficient technique, such as catalytic hydrogenation of acetone, is projected to fuel the isopropyl alcohol market over the forecasted period.

𝐁𝐮𝐲 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰: https://www.imarcgroup.com/checkout?id=496&method=1

Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.

Who are the Key Players Operating in the Isopropyl Alcohol Market?

The market is concentrated with the top 5 players accounting for more than half of the entire market.

• The Dow Chemical Company
• Exxon Mobil Corporation
• Shell Chemicals Europe B.V.
• INEOS Enterprises Ltd.
• Super Chemical Technology Co. Ltd.

What is Included in Market Segmentation?

The report has categorized the market based on application and industry.

Breakup by Application:
• Process Solvent
• Cleaning Agent
• Coating Solvent
• Intermediate
• Others

Analysed by Industry:
• Cosmetic and Personal care
• Pharmaceutical
• Food and Beverage
• Paints and Coatings
• Chemical
• Others

Regional Insights:
• Asia
• North America
• Europe
• South America
• Others

𝐒𝐩𝐞𝐚𝐤 𝐭𝐨 𝐀𝐧𝐚𝐥𝐲𝐬𝐭 (𝟏𝟎% 𝐅𝐫𝐞𝐞 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧):
https://www.imarcgroup.com/isopropyl-alcohol-technical-material-market-report

Key Highlights of The Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.