Growing demand for isopropanol, particularly for online retailing, coupled with increasing investments by players in research and development of isopropanol are key factors driving market revenue growth.
Market Size - USD 2,736.4 Million in 2020, Market Growth - CAGR of 5.7%, Market Trends - Rising demand for the product from the household and personal care product industries.
The global isopropanol market size is expected to reach USD 4,273.2 Million in 2028, and register a CAGR of 5.7% during the forecast period. Rising demand for advanced and multifunctional cosmetics as well as personal care products, coupled with increasing focus of chemical companies on development of novel chemicals to cater to ongoing demand for chemical-based ingredients from the industries such as cosmetics and personal care products.
In addition, increasing use of isopropanol or isopropyl alcohol in various other end-use industries such as cosmetics and personal care products, pharmaceuticals, food & beverage industry, paints & coatings, chemicals, and others is another major factor expected to drive market growth to a significant extent.
Market Size - USD 2,736.4 Million in 2020, Market Growth - CAGR of 5.7%, Market Trends - Rising demand for the product from the household and personal care product industries.
The global isopropanol market size is expected to reach USD 4,273.2 Million in 2028, and register a CAGR of 5.7% during the forecast period. Rising demand for advanced and multifunctional cosmetics as well as personal care products, coupled with increasing focus of chemical companies on development of novel chemicals to cater to ongoing demand for chemical-based ingredients from the industries such as cosmetics and personal care products.
In addition, increasing use of isopropanol or isopropyl alcohol in various other end-use industries such as cosmetics and personal care products, pharmaceuticals, food & beverage industry, paints & coatings, chemicals, and others is another major factor expected to drive market growth to a significant extent.
Some Key Findings From the Report:
- Among the sales channel segments, the offline retailing segment accounted for the largest revenue share of 78.3% in 2020.
- The Asia Pacific market accounted for the largest revenue share in the global market in 2020, valued at USD 1,176.6 Million. This can be attributed to rapidly growing textile industry and presence of several major players operating in countries in the region.
- Key players profiled in the report include BASF SE, Royal Dutch Shell PLC, Exxon Mobil Corporation, Tokuyama Corporation, LCY Chemical Corp., OXEA GmbH, JXTG Holdings, Inc., LG Chem Ltd., Sasol Limited, and ISU Chemical. The market players have adopted various strategies including mergers, acquisitions, partnerships, and new product developments, among other strategies, to stay ahead of the competition and expand market footprint.
- In 2018, Oxea GmbH, which is a Germany-based manufacturer of Oxo chemicals (intermediates and derivatives), began construction project on propanol plant in Texas. This newly built facility will aid in production of specified capacity of around 100,000 metric tons of isopropanol per year, post commencement in Q3 2018.
For the purpose of this report, the global isopropanol market is segmented on the basis of sales channel, application, end use, and region:
Sales Channel Outlook (Revenue, USD Million; 2018 - 2028)
- Online Retailing
- Offline Retailing
Application Outlook (Revenue, USD Million; 2018 - 2028)
- Medical Use
- Paints and Coatings
- Household & Personal Care
- Printing Inks
- Others
End Use Outlook (Revenue, USD Million; 2018 - 2028)
- Direct Solvent
- Chemical Intermediate
- Pharmaceutical Solvents
- Pesticide Formulations
- Chemical Reagents
- Others
Region Outlook (Revenue, USD Million; 2018 - 2028)
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Isopropanol Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Isopropanol Market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 4. Isopropanol Market Segmentation & Impact Analysis
Chapter 5. Isopropanol Market By End-Use Insights & Trends
Chapter 6. Isopropanol Market By Sales Channel Insights & Trends
Chapter 7. Isopropanol Market By Applications Insights & Trends
Chapter 8. Isopropanol Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
Companies Mentioned
- BASF SE
- Royal Dutch Shell PLC
- Exxon Mobil Corporation
- Tokuyama Corporation
- LCY Chemical Corp.
- OXEA GmbH
- JXTG Holdings Inc.
- LG Chem Ltd.
- Sasol Limited
- ISU Chemical
