Posted on 30 Nov 2018

Global Isopropyl Alcohol Market to Reach a Volume of 2.39 Million Tons by 2024

Isopropyl alcohol, also known as rubbing alcohol, is an organic dissolving agent with a strong alcoholic odour. It is a clear, colourless, volatile and combustible liquid exhibiting high viscosity at high temperatures. It is miscible in water, ether, chloroform and other alcohols except for saline solutions. As isopropyl alcohol has degreasing and disinfectant properties, it is popularly used as a cleaner and an antiseptic.



Isopropyl alcohol is generally manufactured in different concentrations. The commercially manufactured alcohol usually contains nearly 70% alcohol and is used for general cleaning, sterilizing and other cleaning purposes. On the other hand, highly concentrated form contains 90-99% of the alcohol and is used as a preservative for biological specimens. According to a new report by Expert Market Research, the global isopropyl alcohol market has witnessed a positive growth over the past few years. The market reached a volume of 2.1 Million Tons in 2018 and is further expected to reach 2.39 Million Tons by 2024.  

                                           

The market is gaining stimulus due to diverse uses of isopropyl alcohol in various industries like automotive, laboratory, medical, solvents and others. With the progress of these industries, the demand for isopropyl alcohol has also been on the rise. In addition, there is a growing demand for isopropyl alcohol in developing countries which is further adding to the growth of the global market for isopropyl alcohol.

To request a sample copy or view summary of this report, click on the link: https://www.expertmarketresearch.com/request?type=report&id=67&flag=B

Key findings from the report:

  • Isopropyl alcohol serves few application domains which include solvent production and other applications like pharmaceuticals, surface coatings, inks, pesticides, etc. Solvent production accounted for the largest share in 2015.
  • Region-wise, Asia dominated the market with a share of nearly 45% of the global production. Asia was followed by North America, Europe and South America.
  • Based on global import and export data, the United States represented both the largest importer and exporter of isopropyl alcohol.
  • Some of the top players operating in the global isopropyl market are Shell Chemicals, Chang Chun Plastics Co Ltd, Sasol Olefins, Deepak Fertilizers, Exxon Mobil Chemical Company, CNPC Jinzhou Petrochemical Corp., DOW Chemicals, Mitsui Chemicals Inc., Novapex, Lyondell Basell and LG Chem. Ltd.

Expert Market Research has analysed the global isopropyl alcohol market according to applications, major regions, global import & export data and top players:

Market breakup by Applications

  • Solvent Applications
  • Other Applications (Surface coatings, inks, pesticides) 

Market Breakup by Region

  • Asia
  • North America
  • Europe
  • South America

Imports by Major Countries

  • The United States
  • China
  • Belgium
  • India
  • Germany

Exports by Major Countries

  • The United States
  • Netherlands
  • Germany
  • Japan
  • Taipei
  • Canada

Top Players

  • Shell Chemicals
  • Exxon Mobil Chemical Company
  • DOW Chemicals
  • Sasol Olefins
  • Novapex
  • Chang Chun Plastics Co Ltd
  • Mitsui Chemicals Inc.
  • CNPC Jinzhou Petrochemical Corp.
  • Lyondell Basell
  • LG Chem. Ltd.
  • Deepak Fertilizers

About Us

Expert Market Research (EMR) is a market research and consultancy firm providing syndicated and custom research along with consultancy services to a wide clientele base which includes Fortune 1000 companies as well as small and medium enterprises. With our tailored approach, the clients gain valuable and unbiased insights that help to improve their competitive edge and realize sustainable growth.

With a keen focus on the qualitative aspect as well as accuracy of the reports, we align our resources and services as per the client’s requirement and offer a flexible engagement model that best suits their needs. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical & Materials, Energy & Mining, Packaging and Agriculture.

Contact Us

Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790


Related Report

North America Flavours and Fragrances Market Report and Forecast 2019-2024

The North America Flavours and Fragrances Market has reached a value of almost USD 7.4 billion in 2018. The industry is further expected to grow in the forecast period of 2019-2024 at a CAGR of 4.7%. ...

Middle East and Africa Flavours and Fragrances Market Report and Forecast 2019-2024

The Middle East and Africa Flavours and Fragrances Market attained a value of nearly USD 2.2 billion in 2018. The industry is expected to witness a healthy growth in the coming years, growing at a CAG...

LATAM Flavours and Fragrances Market Report and Forecast 2019-2024

The LATAM Flavours and Fragrances market reached a value of almost USD 3 billion in 2018. The market is expected to witness a healthy growth in the forecast period of 2019-2024, growing at a CAGR of 5...

Europe Flavours and Fragrances Market Report and Forecast 2019-2024

The Europe Flavours and Fragrances market is being driven by the healthy growth of the industry and the rising innovation in the industry. In 2018, the industry attained nearly 7.8 billion. The indust...

Asia Pacific Flavours and Fragrances Market Report and Forecast 2019-2024

The Asia Pacific Flavours and Fragrances Market attained nearly USD 7 billion in 2018. It is expected to witness a further growth in the forecast period of 2019-2024, growing at a CAGR of 4.8%. In 202...

Have any queries or concern?

USA - Canada: +1-415-325-5166

UK: +44-702-402-5790

Email: sales@expertmarketresearch.com