Insights on the Global Isopropyl Alcohol Market 2020-2024 | COVID-19 Analysis, Drivers, Restraints, Opportunities and Threats | Technavio

·6-min read

The global isopropyl alcohol market size is expected to grow by 521.75 k Tons during 2020-2024, progressing at a CAGR of almost 4% during the forecast period.

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Technavio has announced its latest market research report titled Global Isopropyl Alcohol Market 2020-2024 (Graphic: Business Wire)

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The high-volume consumption in solvents is one of the major factors propelling market growth. However, factors such as volatility in crude oil prices will hamper market growth.

The high-volume consumption in solvents is driving isopropyl alcohol market growth. Isopropyl alcohol is the most widely used solvent due to its excellent solvency properties. It can be directly utilized in applications such as inks, pesticide and herbicide formulations, resin production, and surface coatings. Isopropyl alcohol acts as a highly effective solvent in surface coatings, due to its high miscibility in water and non-polar solvents. It is also used in acrylic emulsions and resins to create various textures. Moreover, due to its low toxicity, low boiling point, and less density, it is also utilized to dilute essential oils. This will lead to an increase in the consumption of isopropyl alcohol in solvents, driving the market growth.

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Global Isopropyl Alcohol Market: Application Landscape

Isopropyl alcohol is one of the most widely used solvents in a wide range of end-use industries for different applications, including surface coatings, cleaning and disinfectant solutions, food and beverages, and printing. Hospitals use alcohol wipes and sanitizers made of isopropyl alcohol. Isopropyl alcohol is highly effective in eliminating pathogenic microbes, including bacteria, fungi, and viruses. Hence, the use of hand sanitizers and alcohol wipes has increased worldwide recently to combat the COVID-19 virus. Market growth in this segment will be faster than the growth of the market in the chemical intermediates, pharmaceuticals, and other segments.

Global Isopropyl Alcohol Market: Geographic Landscape

The rapidly growing pharmaceutical and sector, food and beverage industry, cosmetics and personal care sector, and chemicals industry will significantly drive isopropyl alcohol market growth in this region over the forecast period. Over 50% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for isopropyl alcohol in APAC. Market growth in this region will be faster than the growth of the market in other regions.

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Companies Covered

  • Deepak Fertilisers and Petrochemicals Corp. Ltd.

  • Dow Inc.

  • Exxon Mobil Corp.

  • Galaxy Surfactants Ltd.

  • Honeywell International Inc.

  • LG Electronics Inc.

  • LyondellBasell Industries NV

  • Mitsui Chemicals Group

  • Royal Dutch Shell Plc

  • Sasol Ltd.

What our reports offer:

  • Market share assessments for the regional and country-level segments

  • Strategic recommendations for the new entrants

  • Covers market data for 2019, 2020, till 2024

  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)

  • Strategic recommendations in key business segments based on the market estimations

  • Competitive landscaping mapping the key common trends

  • Company profiling with detailed strategies, financials, and recent developments

  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform

Isopropyl Alcohol Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024

  • Detailed information on factors that will assist in isopropyl alcohol market growth during the next five years

  • Estimation of the isopropyl alcohol market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the isopropyl alcohol market

  • Analysis of the market’s competitive landscape and detailed information on vendors

  • Comprehensive details of factors that will challenge the growth of isopropyl alcohol market, vendors

Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

  • Market definition

  • Market segment analysis

  • Market size 2019

  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • Threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by Application

  • Market segments

  • Comparison by Application

  • Solvents - Market size and forecast 2019-2024

  • Chemical intermediates - Market size and forecast 2019-2024

  • Pharmaceuticals - Market size and forecast 2019-2024

  • Others - Market size and forecast 2019-2024

  • Market opportunity by Application

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • APAC - Market size and forecast 2019-2024

  • North America - Market size and forecast 2019-2024

  • Europe - Market size and forecast 2019-2024

  • South America - Market size and forecast 2019-2024

  • MEA - Market size and forecast 2019-2024

  • Key leading countries

  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers

  • Market challenges

  • Market trends

Vendor Landscape

  • Overview

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • Deepak Fertilisers and Petrochemicals Corp. Ltd.

  • Dow Inc.

  • Exxon Mobil Corp.

  • Galaxy Surfactants Ltd.

  • Honeywell International Inc.

  • LG Electronics Inc.

  • LyondellBasell Industries NV

  • Mitsui Chemicals Group

  • Royal Dutch Shell Plc

  • Sasol Ltd.

Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research methodology

  • List of abbreviations

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View source version on businesswire.com: https://www.businesswire.com/news/home/20201130005498/en/

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