Global Isopropyl Alcohol Market Outlook, 2019-2024 with The Dow Chemical Company, ExxonMobil, Shell Chemicals Europe, INEOS Enterprises Group, and Super Chemical Corp Dominating - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Feb 28, 2019--The “Isopropyl Alcohol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” report has been added to ResearchAndMarkets.com’s offering.
The global isopropyl alcohol market reached a value of US$ 3.8 Billion in 2018, registering a CAGR of 5.7% during 2011-2018. The market value is further anticipated to reach US$ 4.8 Billion by 2023, exhibiting a CAGR of nearly 4% during 2019-2024.
Isopropyl alcohol finds diverse applications in several downstream industries like paint and coating, automotive, cosmetic, printing, pharmaceutical, etc. Economic reforms have resulted into a rise in the disposable incomes and changes in lifestyle of the consumers across the globe, thereby catalysing the growth of these industries.
Isopropyl alcohol has been used to remove flux residues after soldering and as a general cleaner to remove oil, grease, and other handling soils. Apart from this, it is also used for purifying and extracting natural products such as animal and vegetable oils, waxes, resins, flavourings, fats, vitamins, etc., which is positively influencing the market growth.
One of the fastest growing markets for isopropyl alcohol is Asia Pacific, wherein China represents the leading region. As isopropyl alcohol is readily available in the region, it can be purchased in bulk quantities at fairly low prices. Additionally, thriving cosmetics and personal care industry, rapid economic growth and elevating income levels have resulted into a heightened demand for isopropyl alcohol-based products.
Isopropyl alcohol is stable if it is properly handled and stored in adequate conditions. In addition to this, it has a shelf-life of two years from the manufacturing date. The chemical makeup and potency of isopropyl alcohol remain stable for two years in its original closed container.
The most popular technique for producing isopropyl alcohol on a commercial level is the indirect hydration of propylene. Demerits of this method such as high energy cost, corrosive condition and pollution problems had led to the development of a more efficient technique, called catalytic hydrogenation of acetone. Such technological advancements in the production have empowered the industry with higher yield rates and production of high-purity grades, thereby generating opportunities for new applications of isopropyl alcohol.
Breakup by Application
Isopropyl alcohol is majorly used as an intermediate in the manufacturing of industrially important chemical compounds such as acetone, glycerol, isopropyl acetate, methyl isobutyl ketone (MIBK), isopropyl esters and isopropyl amines. Apart from this, it is employed as a process solvent, coating solvent and cleaning agent.
Breakup by Industry
On the basis of industry, the market has been segregated as chemicals, paints and coatings, cosmetics and personal care products, pharmaceutical, and food and beverage. Amongst these, chemicals account for around one-third of the total market, representing the largest segment. Isopropyl alcohol is utilised for manufacturing acetone and its derivatives which are further employed in various industries.
According to the isopropyl alcohol market report, Asia represents the leading market. This can be attributed to the thriving personal care and cosmetics industry in the region which has facilitated the growth of isopropyl alcohol as it is used in the production of skin cleaners, skin lotions, deodorants, nail paints, hair tonics, shampoos, etc. Asia is followed by North America, Europe and South America.
The market is concentrated with the top 5 players accounting for more than half of the entire market. Some of the biggest players operative in the market are:
- The Dow Chemical Company
- Exxon Mobil Corporation
- Shell Chemicals Europe B.V.
- INEOS Enterprises Ltd.
- Super Chemical Corporation
The essential aspects of the global isopropyl alcohol market evaluated in the report include:
- Market trends
- Major regions
- Key application areas
- Major end-use industries
- Key manufacturers
- Price trends
- Raw material requirements
- Chemical reactions involved in the manufacturing process
- Major importers and exporters
- Value chain analysis
- Market trends for major feedstocks
- Price trends for major feedstocks
- Key regions for major feedstocks
- Key application areas for major feedstocks
- Key players for major feedstocks
2 Scope and Methodology
2.1 Objectives of the Study
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology
3 Executive Summary
4.2 Physical and Chemical Properties
4.3 Key Industry Trends
5 Global Isopropyl Alcohol Industry
5.1 Market Overview
5.2 Market Performance
5.3 Price Analysis
5.4 Market Breakup by Region
5.5 Market Breakup by Application
5.6 Market Breakup by Industry
5.7 Market Forecast
5.8 SWOT Analysis
5.9 Value Chain Analysis
5.10 Porter’s Five Forces Analysis
5.11 Trade Data
5.12 Key Market Drivers and Success Factors
6 Performance of Key Regions
6.2 North America
6.4 South America
7 Market Breakup by Application
7.1 Process Solvent
7.2 Cleaning Agent
7.3 Coating Solvent
8 Market Breakup by Industry
8.1 Cosmetic and Personal care
8.3 Food and Beverage
8.4 Paints and Coatings
9 Competitive Landscape
9.1 Competitive Structure
9.2 Production Capacity of Key Players
9.3 Key Player Profiles
9.3.1 The Dow Chemical company
9.3.3 Shell Chemicals Europe B.V.
9.3.4 INEOS Enterprises Group Limited
9.3.5 Super Chemical Corporation
10 Isopropyl Alcohol Manufacturing Process
10.1 Product Overview
10.2 Chemical Reactions Involved
10.3 Manufacturing Process
10.4 Detailed Process Flow
10.5 Raw Material Requirement
10.6 Mass Balance and Feedstock Conversion Rate
11 Isopropyl Alcohol Feedstock Market Analysis
For more information about this report visit https://www.researchandmarkets.com/research/8zg6sx/global_isopropyl?w=4
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Related Topics:Electronic Chemicals,Solvents,Fuel Additives,Oilfield Chemicals
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 02/28/2019 08:18 AM/DISC: 02/28/2019 08:18 AM