The global isopropanol market is forecast to reach USD 4,273.2 Million by 2028, according to a new report by Reports and Data. The Isopropanol or Isopropyl Alcohol is a colorless, highly flammable laboratory and household chemical and is a primary type of alcohol. Based on the isomerism, the isopropanol has a twin molecule with a slightly different chemical structure, n-propanol. Isopropanol is more readily available for its simple chemical structure compared to the n-propanol and is also consequently cheaper. Isopropanol is mostly used in medical use applications and are also widely utilized as a direct or intermediate solvent chemical in the formulation of various chemical processing. Hand sanitizer, rubbing alcohol, and gas dryer fuel additives are some of its chemical applications. On the other hand, isopropanol is widely used in industrial applications such as, printing, ink formulation, coating, and preservatives, among others.
Top Companies Operating in the Global Isopropanol Market:
BASF SE, Royal Dutch Shell PLC, Exxon Mobil Corporation, Tokuyama Corporation, LCY Chemical Corp., OXEA GmbH, JXTG Holdings, Inc., LG Chem Ltd., Sasol Limited, and ISU Chemical
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
The global materials chemicals market revenue growth is primarily attributed to factors such as fast-paced industrialization across the globe, rising demand for essential consumer goods (including packaged foods beverages, personal care cosmetic products, and household hygiene products), and increasing applications of raw materials and chemicals in a wide range of industries including the buildings construction, food beverage, pharmaceutical, agriculture, and textile industries. Other important factors contributing to the global market revenue growth are increasing industrial applications of specialty chemicals, growing use of high-performance, organic agrochemicals in the agriculture industry, rising environmental concerns among the population, growing need for environmentally friendly and sustainable raw materials and chemicals, and increasing government investments in the materials chemicals industry.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Isopropanol market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Isopropanol market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Isopropanol market key players
3.2 Global Isopropanol size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Isopropanol market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
Read full Report Description @ https://www.reportsanddata.com/report-detail/isopropanol-market
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Isopropanol Market Segmentation
End-Use Outlook (Revenue: USD Billion; 2018-2028)
- Direct Solvent
- Chemical Intermediate
- Pharmaceutical Solvents
- Pesticide Formulations
- Chemical Reagents
- Others
Sales Channel Outlook (Revenue: USD Billion; 2018-2028)
- Online Retailing
- Offline Retailing
Applications Outlook (Revenue: USD Billion; 2018-2028)
- Medical Use
- Paints and Coatings
- Household Personal Care
- Printing Inks
- Others
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