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Isopropyl Alcohol Trends, Share, Industry Size, Growth, Opportunities and Forecast By 2029
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The isopropyl alcohol market was valued at USD 0.99 billion in 2021 and is expected to reach USD 1.44 billion by 2029, registering a CAGR of 4.90% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Isopropyl alcohol is manufactured by merging water and propene through the process of hydration reaction through the hydrogenation of acetone. It is a flammable and colorless liquid with a sharp and musk odor. It is used as a solvent for various compounds like ethyl cellulose, natural resins, acrylic, and epoxy resins and is used across a wide range of end-user industries such as pharmaceutical, chemical, and others.
Access PDF Sample Report (Including Graphs, Charts & Figures) @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-fluid-and-lubricant-market
Some of the major players operating in the isopropyl alcohol market are:
- Shell plc (U.K.)
- L.G. Chem. (South Korea)
- Dow (U.S.)
- Alfa Aesar, Thermo Fisher Scientific. (U.S.)
- INEOS (U.K.)
- MITSUI CHEMICALS EUROPE GmbH (Germany)
- ExxonMobil (U.S.)
- LyondellBasell Industries Holdings B.V. (Netherlands)
- DUTCH2 (Netherlands)
- Lucemill (U.K.)
- Recochem Corporation. (Canada)
- Absolute Solvents Ltd (U.K.)\
Europe Isopropyl Alcohol Market Scope:
The isopropyl alcohol market is segmented on the basis of production method, raw material, grade, type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Production Method
- Indirect Hydration
- Direct Hydration
Raw Material
- Acetone
- Propylene
- Others
Grade
- Industrial Grade Isopropyl Alcohol (IPA)
- USP Grade Isopropyl Alcohol (IPA)
- USP Kosher Isopropyl Alcohol (IPA)
- Pharmaceutical Isopropyl Alcohol (IPA)
Access Full Report: https://www.databridgemarketresearch.com/reports/europe-isopropyl-alcohol-market
Isopropyl Alcohol Market Regional Analysis/Insights:
The isopropyl alcohol market is analyzed and market size insights and trends are provided by production method, raw material, grade, type and application as referenced above.
The countries covered in the isopropyl alcohol market report are Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe.
Germany dominates the market in terms of market share and market revenue and will continue to flourish dominance during the forecast period of 2022-2029. The market growth in this region is attributed to the increasing use of isopropyl alcohol in various regional applications.
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