Press release
Semiconductor Grade Isopropyl Alcohol Market Size, Revenue Share, Insights & Future Outlook
Semiconductor Grade Isopropyl Alcohol MarketThe global market for Semiconductor Grade Isopropyl Alcohol was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.
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Isopropyl alcohol (IUPAC name propan-2-ol; commonly called isopropanol) is a compound with the chemical formula C3H8O. It is a colorless, flammable chemical compound with a strong odor. As an isopropyl group linked to a hydroxyl group, it is the simplest example of a secondary alcohol, where the alcohol carbon atom is attached to two other carbon atoms. It is a structural isomer of 1-propanol and ethyl methyl ether.
Currently, 70% Semiconductor Grade Isopropyl Alcohol produced is applied in the semiconductor industry. Above 85% of products stand at 99.99% Purity. In 2019, the global Isopropyl Alcohol (IPA) market is led by USA. China is the second-largest region-wise market. Today, as COVID-19 is rapidly raging in the United States and Europe, our predictions for many industries in 2020 are pessimistic. LPI believes that many industries will suffer huge losses, and layoffs and cost reductions are also essential options.
By Type
• 99.99% Purity
• Below 99.99% Purity
By Application
• Semiconductor
• PCBs
Key Companies
ExxonMobil Chemical, LG Chem, KMG Electronic Chemicals, Fujifilm, Tokuyama, Mitsui Chemicals
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