Posted on 30 Nov 2018
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.
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Key findings from the report:
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
Market Breakup by Region
Imports by Major Countries
Exports by Major Countries
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