Isopropyl alcohol is a volatile, flammable, clear and colourless liquid with disinfectant properties. Although it mixes with water, other alcohols, ether and chloroform but it is insoluble in salt solutions. It is used as a solvent for essential oils, alkaloids, gums, resins, coatings and cellulose, lacquers and in extraction processes. It is also used as an antiseptic; as an inert solvent to reduce the flammability of coatings during storage and transportation, and as an additive in inks and thinner for water-based paints. Isopropyl alcohol is registered as an antimicrobial, bactericide, fungicide and virucide. During 2014-2018, the global isopropyl alcohol market grew at a CAGR of around 2.5%. The market for isopropyl alcohol is driven by the demand of isopropyl in solvent applications which accounts for the majorly of its global market. The isopropyl alcohol is used in combination with either ethyl alcohol or N-propyl alcohol in disinfectants which include hand sanitizers, surface cleaners, and clinical instrument cleaners. The demand for isopropyl alcohol is currently growing more in the developing countries due to the growing economy and growing hygiene awareness. This report by Expert Market Research entitled “Isopropyl Alcohol Market Report and Forecast 2019-2024” provides a comprehensive analysis for anyone who plans to foray into the isopropyl alcohol market.
Historical market trends for the isopropyl alcohol industry have been provided from 2014-2018 and forecasts have been presented till 2024. On a regional level, the report has segmented the global isopropyl alcohol market into the following regions – Asia, North America, Europe, South America and Others. Asia currently represents the largest market. The report has also analysed the market on the basis of end-use which include solvent applications and others like surface coatings, inks, pesticides, etc. Solvent applications currently represent the biggest end-use market for isopropyl alcohol.
The value chain analysis of isopropyl alcohol has also been covered in this report encompassing all the activities in the value chain such as procurement, manufacturing, sales and distribution. Furthermore, the study assesses the market based on Porter’s five forces model, which evaluates the level of competition in the market by analysing factors such as bargaining power of buyers and suppliers, threat from substitutes and new entrants. A thorough evaluation of the competitive landscape of the isopropyl alcohol industry has also been provided. The report also covers the global import and export trends of isopropyl alcohol with the United States being the largest importer and exporter.
This report provides an exhaustive insight into the manufacturing of isopropyl alcohol. Factors such as chemical reactions involved, process flow, raw material requirements, mass balance and various manufacturing steps have been thoroughly discussed in the report. The report also provides a comprehensive market evaluation of the major feedstock required for manufacturing isopropyl alcohol viz. propylene. For each feedstock, the report provides market trends, price trends, market by application, market by region and its key manufacturers.
The following are the key questions answered by this report:
- What are the market trends for the global isopropyl alcohol market?
- Which are the biggest markets (regions) for isopropyl alcohol?
- What are the key application areas for isopropyl alcohol?
- Who are the key manufacturers in the isopropyl alcohol market?
- What are the price trends of isopropyl alcohol?
- What are the raw material requirements for the manufacturing of isopropyl alcohol?
- What are the chemical reactions involved during the manufacturing of isopropyl alcohol?
- Who are the major importers and exporters of isopropyl alcohol?
- What is the value chain analysis of the isopropyl alcohol industry?
- What are the market trends of major feedstocks?
- What are the price trends of major feedstocks?
- Which are the biggest markets (regions) for major feedstocks?
- What are the key application areas for various feedstocks?
- Who are the key players for various feedstocks?
In order to prepare this research report, Expert Market Research conducted face to face and telephonic interviews with numerous industry participants in the isopropyl alcohol industry. They included manufacturers, distributors, end users, consultants, marketing professionals, researchers, etc. Primary research accounted for the bulk of the research efforts, complimented by an extensive secondary research. Secondary sources included annual reports, press releases, books, journals, white papers, newspapers, magazines, government sources and various proprietary databases.
Expert Market Research uses its comprehensive database of macroeconomic and industry specific data to produce its market forecasts. The initial baseline forecast is produced with the most recent market data. After an initial baseline forecast, all future macroeconomic and sector-specific events and assumptions are taken into account to generate the final forecast.