Increasing Usage of IPA in Cosmetic and Personal Care Products
The most important driver for the IPA market is the increasing use of cosmetic and personal care products, where IPA is used as a solvent. It is used for the purpose of dissolving other substances in cosmetics and personal care products. It is also used for decreasing the thickness of liquids and to reduce the tendency of finished products to generate foam when shaken. These are used as conditioning agents, emulsifier, special effect pigments, anti-static agents, fixatives, moisturizing agents, foaming agents, and surfactant mixtures in the cosmetics and personal care industry. With the growth of cosmetic and personal care industry, the market for IPA is also expected to expand.
Solvent Applications are expected to have the Highest Growth
As a solvent, isopropyl alcohol is used in cosmetic & personal care products. Coatings manufacturing and ink industry are other major end consumers in the market. In addition, IPA is also used as cleaning agents, owing to the miscible nature with non-polar solvents and water. It also evaporates quickly; leaves nearly zero oil traces, compared to ethanol, and are relatively non-toxic in comparison to alternative solvents. Thus, it is used widely as a solvent.
Asia-Pacific Dominates the Market
Asia-Pacific is the major consumer as well as the largest producer of isopropyl alcohol, among regions that include North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. The market is mainly driven by the strong presence of cosmetic & personal care sectors in the region. In addition, increased demand from this region is also attributed to the increase in applications, such as organic formulations clean fuel industry and in the processing of food ingredients. China is the largest producer and consumer of IPA in this region. The country is benefitted by the presence of one of the largest chemical industry in the world. Asia-Pacific is also expected to have the highest growth rate during the forecast period.
Major Players: BASF SE, Royal Dutch Shell Plc., Exxon Mobil Corporation, Dow DuPont, and Clariant AG, amongst others.
Reason to Purchase this Report
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating application used in the market
Countries expected to witness the fastest growth during the forecast period
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet (in excel)
Customization of the Report
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1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value-Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
3.3 Feedstock Analysis
3.3.1 Global Capacity by Key Feedstock
3.4 Technological Snapshot
3.4.1 Production Process
3.4.2 Technology Licensing and Patent Analysis
3.5 Trade Analysis
3.6 Price Index
3.7 Supply Scenario
3.7.1 Capacity and Production Analysis
3.8 Regulatory Policy Analysis
4. Market Dynamics
4.1.1 Increasing Use of Cosmetic & Personal Care Products
4.1.2 Wide Use of IPA as Cleaning Agents
4.2.1 Alternative Ways Available for Production of Acetone
4.2.2 Other Restraints
4.3.1 Innovation in Bio-based IPA
5. Market Segmentation and Analysis (Market Size, Share, and Forecast)
5.1 By Application
5.1.1 Process Solvent
5.1.2 Cleaning Agent
5.1.3 Coating Solvent
5.2 By End-user Industry
5.2.1 Cosmetic & Personal care
5.2.3 Food & Beverage Industry
5.2.4 Paints & Coatings
6. Regional Market Analysis (Market Size, Share, and Forecast)
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.1 United States
6.2.4 Rest of North America
6.3.2 United Kingdom
6.3.5 NORDIC Countries
6.3.6 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Middle East & Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East & Africa
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services, Recent Developments)
8.1 Ami Chemicals
8.2 BASF SE
8.4 Exxon Mobil Corporation
8.6 JX Nippon Oil & Energy Corporation
8.7 LCY GROUP
8.8 LG Chem Ltd.
8.10 Mitsui Chemicals, Inc.
8.11 Perrigo Company plc
8.12 Royal Dutch Shell Plc.
8.13 DowDuPont Inc.
*List not exhaustive
**Subject to availability on public domain
- Ami Chemicals
- BASF SE
- Exxon Mobil Corporation
- JX Nippon Oil & Energy Corporation
- LCY GROUP
- LG Chem Ltd.
- Mitsui Chemicals Inc.
- Perrigo Company plc
- Royal Dutch Shell Plc.
- DowDuPont Inc.