Global Isopropyl Alcohol Market is expected to rise from its initial estimated value of USD 4.95 billion in 2018 to an estimated value of USD 6.39 billion by 2026, registering a CAGR of 3.25% in the forecast period of 2019-2026. Increasing demand of the product from end- user is the major factor for the growth of this market.
Key Market Competitors: Global Isopropyl Alcohol Market
Few of the major competitors currently working in isopropyl alcohol market are Ami Chemicals, BASF SE, Clariant, Exxon Mobil Corporation, Honeywell International Inc., JXTG Nippon Oil & Energy Corporation, LCY GROUP, LG Chem, LyondellBasell Industries Holdings B.V., Mitsui Chemicals, Inc., Perrigo Company plc, Royal Dutch Shell, DowDuPont, ISU CHEMICAL.
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Isopropyl alcohol is also known 2- propanol is a first synthetic alcohol which is colorless and flammable and has strong odor. They are miscible in water, ethanol, ether and chloroform and dissolves with ethyl cellulose, polyvinyl butyral, many oils, alkaloids, gums and natural resins. Cosmetics, skin and hair products, perfumes, pharmaceuticals, lacquers, dyes, cleaners, antifreezes and other chemicals usually use this chemical.
Competitive Analysis: Global Isopropyl Alcohol Market
Global isopropyl alcohol market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of isopropyl alcohol market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Segmentation: Global Isopropyl Alcohol Market
Increasing demand for cosmetics and personal care products is driving the market.
IPA is widely used as cleaning agent which is another factor driving the growth of this market.
Key Insights in the report:
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