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Isopropyl Alcohol Market

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The global isopropyl alcohol market size is expected to witness potential gains in the future, and register a significant CAGR over the forecast period (2019 - 2027).
Isopropyl Alcohol Market Size, Share Till 2027
The global isopropyl alcohol market size is expected to witness potential gains
in the future, and register a significant CAGR over the forecast period (2019 2027).
Market Overview
Isopropyl alcohol is an isomer of propyl alcohol used in the manufacture of a
wide variety of industrial and household chemicals. It is used in the manufacture
of acetone and glycerin and is a readily available alcohol. It is also used in
aftershave lotions, hand lotions, and other cosmetics. Water and propene are
combined in a hydration reaction to produce isopropyl alcohol. Hydrogenating
acetone also yields isopropyl alcohol.
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Market Outlook
On the basis of region, the market is segmented into North America, Latin
America, Europe, Asia Pacific, Middle East, and Africa. The market in Europe
is driven by significant growth in the automobiles industry. Growing paints and
coatings industry in emerging economies of China and India is expected to
boost market share of Asia Pacific in the global market. The market in North
America is mainly driven by the U.S. The U.S. is one of the major
manufacturers of isopropyl alcohol. Presence of major pharmaceutical
companies in the region is also expected to contribute to the market growth.
Among end-use industries, the chemicals industry is a major user of isopropyl
alcohol. Isopropyl alcohol is used for manufacturing chemical compounds such
as isopropyl acetate, glycerol, acetone, isopropyl esters, methyl isobutyl ketone,
and isopropyl amines.
Key Players
Major players operating in the global isopropyl alcohol include, Denoir Ultra
Pure, Avantor, Crystal Clean Chemicals, Guangfu Fine Chemicals, Huate Gas,
OM group, Tokuyama Corporation, Linde, DongYing Naire Technology, and
Puritan Products.
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pallavi.reddy
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