Isopropanol Market Estimated to Flourish by 2026

The Isopropanol Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Global Isopropanol Market: Dynamics

Increasing pollution has led to the emergence of many health hazards as well as skin diseases. This is expected to lead to an increase in the use of cosmetic as well as personal care products over the forecast period. To meet the increasing demand for multifunctional cosmetic and personal care products, chemical companies are working on developing new chemicals to meet the growing demand for ingredients required by the cosmetic and personal care industry. This will lead to an increase in the use of isopropyl alcohol which is used as a solvent during the manufacturing process of cosmetic and personal care products. Since isopropyl alcohol is miscible with non-polar solvents as well as water, it is widely used in cleaning agents. This is yet another factor driving the growth of the isopropyl alcohol market.

Isopropanol is also used in the production of acetone which is used as a solvent in the cosmetic industry. However, alternate ways have now been developed for the production of acetone. This is the major challenge that the isopropyl alcohol market will face during the forecast period.

Global Isopropanol Market: Regional Outlook

North America is a major consumer of isopropyl alcohol and is expected to witness moderate growth over the forecast period. Western Europe, on the other hand, is the second biggest consumer of isopropyl alcohol in the global isopropyl alcohol market. Increasing disposable income coupled with rising awareness about personal care products are the two factors which have led to an increase in the consumption of isopropyl alcohol in these regions. The Asia Pacific excluding Japan is expected to witness significant growth over the forecast period. Since Brazil is one of major producers of cosmetic and personal care products, the Latin America region is also expected to witness significant growth opportunities for the isopropyl alcohol market.

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Global Isopropanol Market: Market Participants

Some of the major participants identified in the global isopropyl alcohol market are:

BASF SE
Royal Dutch Shell Plc.
Exxon Mobil Corporation
The Dow Chemical Company
Clariant
Mitsui Chemicals, Inc.
LG Chem Ltd.
LCY GROUP
Zibo Nuoao Chemical Co.,Ltd.
Perrigo Company plc
Ami Chemicals

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