Isopropyl Alcohol Market is predicted to be near US$ 6 Billion by the year 2024.
In this report, the Isopropyl Alcohol market is studied in two ways. 1st by Application (Chemical Intermediate, Direct Solvent, Acetone, Household, Cosmetics and Personal Care, Pharmaceuticals, and Others) and 2nd by Regional aspects (Western Europe, North America, South Asia and Oceanic, Central South America, North Asia, and Africa and Middle East). This report also provides comprehensive insight into the key players of this industry.
The report studies the global Isopropyl Alcohol market and consumption. This 111 page report with 74 Figures and 2 Tables provides an in-depth analysis of the key growth drivers and challenging factors, market and consumption trends, and their projections for the upcoming years. The report has been analyzed from 2 major viewpoints.
Isopropyl Alcohol is a colorless liquid with a sharp, musty odor. It is used in making perfumes, cosmetics, pharmaceuticals, skin and hair products, dyes, lacquers, antifreezes, cleaners, and other chemicals. Isopropyl Alcohol is used to create many other compounds such as ketene, methyl methacrylate, bisphenol A, diacetone alcohol mesityl oxide, methyl isobutyl ketone, hexylene glycol (2-methyl-2, 4-pentanediol) and isophorone.
As a solvent the important aspects for the Isopropyl Alcohol Market are the growing use of cosmetic and personal care products. In the Chemical industry coating and ink industry are other major end consumers of Isopropyl Alcohol. In addition, another aspect of Isopropyl Alcohol Market is the use of Isopropyl Alcohol as cleaning agents, owing to the miscible nature with non-polar solvents and water.
Isopropyl liquor is delivered from either the direct reactant diminishment of acetone or circuitous hydration of propene. Isopropyl Alcohol is used to create many other compounds, such as isopropyl amines, isopropyl esters, and derivative ketones among others. Although isopropanol is mostly used as a solvent, it is also used during the manufacturing of beer as agent in coolant and as a polymerization modifier during the production of polyvinyl fluoride.
Worldwide the facts that demand growth of Isopropanol Alcohol market are majorly driven by its use in cosmetics, household products and pharmaceutical industries. North America leads production as well as consumption of Isopropanol while Asia-Pacific is the largest consumer. On the basis of Consumption Share, North America is having the maximum consumption share globally studied in this report.
Key Players in Global Isopropyl Alcohol Market
Some of the key players in the global Isopropyl Alcohol market were Mitsui Chemicals Inc, Dow Chemicals, LG Chem, Carboclor, and ISU Chemicals.
1. Global Isopropyl Alcohol Market
- Regions
- Applications
2. Global Isopropyl Alcohol Consumption
- Regions
- Applications
By Region - Segmentation
1. North America
2. Western Europe
3. Central and South America
4. North Asia
5. South Asia and Oceanic
6. Africa
7. Middle East
By Application - Segmentation
1. Direct Solvent
2. Household, Cosmetics and Personal Care
3. Chemical Intermediate
4. Acetone
5. Pharmaceuticals
6. Others
Companies Analysis
1. Dow Chemicals
2. LG Chem
3. Carboclor
4. ISU Chemicals
5. Mitsui Chemicals, Inc.
Report Scope:
- The report covers global and regional markets of isopropyl alcohol
- Comprehensive data showing isopropyl alcohol capacities, consumption, market, drivers and challenges for isopropyl alcohol
- The report indicates a wealth of information on isopropyl alcohol key players
- Region market overview covers the following: consumption of isopropyl alcohol in a region
Table of Contents
1. Executive Summary
Companies Mentioned
- Carboclor
- Dow Chemicals
- ISU Chemicals
- LG Chem
- Mitsui Chemicals, Inc.
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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