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    Isopropyl Alcohol Market | Covid-19 Impact Analysis

    Isopropyl Alcohol Market | Covid-19 Impact Analysis

    Isopropyl Alcohol Market | Covid-19 Impact Analysis
    Report code - SRAM414 Delivery - 2 Weeks
    Isopropyl Alcohol Market Size, Share, Trend, Forecast, & Industry Analysis 
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    Impact of COVID-19 on Isopropyl Alcohol Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Isopropyl Alcohol Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Isopropyl Alcohol Market Insights

    Isopropyl alcohol market is likely to witness a healthy CAGR of 6.3% during the forecast period. The prime factor that is contributing to the demand for isopropyl alcohols is the increasing awareness of cleanliness and rising prevalence of bacterial outbreaks. Increasing demand for hand sanitizer and the rising need for hygiene-related products with the COVID-19 outbreak to drive the market during the forecast period.

    Isopropyl Alcohol Market - Snapshot

    Growth

    6.3% for the next five years

    Dominant Application Type

    Solvent

    Dominant End-Use Industry Type

    Cosmetics & Personal Care

    Region with the highest demand

    Asia-Pacific

    Key Players

    China National Petroleum Corporation, Dow Chemical Company, Exxon Mobil Corporation, INEOS, LCY Chemical Corp, LG Chem, LyondellBasell Industries Holdings B.V., Mitsui Chemicals, Shell Chemicals, Yancheng Super Chemical Technology Co., Ltd., and others.

     

    Market Share Analysis

    Isopropyl-Alcohol-Market-Dominant-Segments

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    Isopropyl Alcohol Market Share: By Application Type

    Based on the application type, the market is segmented as solvent, cleaning agent, chemical intermediate, flavoring agent, disinfectant, and others. Solvents held the largest share of the market in 2019, and are expected to remain dominant during the forecast period. Isopropyl alcohol is used in surface coating, inks, pesticides & herbicides, resin, and disinfectants and cleaning products.

    Isopropyl Alcohol Market Share: By End-Use Industry Type

    Based on the end-use industry type, the isopropyl alcohol market is segmented as food, pharmaceuticals, cosmetics & personal care, medical, electronics, automotive, and others. Cosmetic & personal care and pharmaceuticals industries are expected to drive the demand for isopropyl alcohol during the forecast period. Isopropyl alcohol is used in alcohol wipes, swabs, hand sanitizers, disinfectants, mouthwash, and other products.

    Isopropyl Alcohol Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for isopropyl alcohol during the forecast period, with China, Japan, India, and South Korea being the major countries with lucrative growth opportunities. The growth of the market is bolstered by the demand for cosmetics & personal care products, pharmaceuticals, and electronics generating huge demand for isopropyl alcohols. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

    Isopropyl-Alcohol-Market-By-Region

    Know which region offers best growth opportunities. Click here

    Some of the major isopropyl alcohol manufacturers are-

    • China National Petroleum Corporation
    • Dow Chemical Company
    • Exxon Mobil Corporation
    • INEOS
    • LCY Chemical Corp
    • LG Chem
    • LyondellBasell Industries Holdings B.V.
    • Mitsui Chemicals
    • Shell Chemicals
    • Yancheng Super Chemical Technology Co., Ltd.
    • others.

     

    Market Scope & Segmentation

    Isopropyl alcohol is a flammable and colorless chemical compound synthesized from the reaction of propylene with sulfuric acid, followed by hydrolysis. It is widely used in applications, such as cosmetics, toiletries, and personal care products; as solvent, chemical agent, chemical intermediate, flavoring agent, disinfectant or antiseptic, among others. Generally, it is available in 70% and 99% concentrations designed for different uses.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Isopropyl Alcohol Market Research Report - Features

    Market Segmentation

    3

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The isopropyl alcohol market is segmented into the following categories. 

    Isopropyl Alcohol Market Size, Share, & Forecast, by Application Type:

    • Solvent (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Cleaning Agent (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Chemical Intermediate (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Flavoring Agent (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Disinfectant (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Isopropyl Alcohol Market Size, Share, & Forecast, by End-Use Industry Type:

    • Food (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Pharmaceuticals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Cosmetics & Personal Care (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Medical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Electronics (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Isopropyl Alcohol Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Isopropyl-Alcohol-Market-Segmentation

    Want to know the most attractive market segments? Click here

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the application types by end-use industry type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Isopropyl Alcohol Market in the foreseeable future?

    Isopropyl alcohol market is expected to witness an impressive growth of 6.3% CAGR in the foreseeable future.

    Who are the key players in the Isopropyl Alcohol Market?

    China National Petroleum Corporation, Dow Chemical Company, Exxon Mobil Corporation, INEOS, LCY Chemical Corp, LG Chem, LyondellBasell Industries Holdings B.V., Mitsui Chemicals, Shell Chemicals, Yancheng Super Chemical Technology Co., Ltd., and others are among the key players in the isopropyl alcohol market.

    Which country/region is expected to be the largest Isopropyl Alcohol Market?

    Asia-Pacific is estimated to be the largest market for isopropyl alcohol during the next five years.

    Which application type is expected to remain dominant in the Isopropyl Alcohol Market?

    Solvents are expected to remain dominant application type in the isopropyl alcohol market in the coming years.

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