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2021
Isopropyl Alcohol Market

Isopropyl alcohol Market by Application (Process Solvent, Cleaning Agent, Coating Solvent, Intermediate and others) and End use industry (Cosmetic and Personal Care, Pharmaceutical, Food & Beverage, Paints and Coatings, Materials & Chemicals, Automotive & Transportation, and Other): Global Opportunity Analysis and Industry Forecast, 2021-2030

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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Isopropyl alcohol is a colorless, flammable chemical molecule that has a strong alcoholic odor. Water and propene are combined in either a direct or indirect hydration process to create the molecule. Isopropyl alcohol is a highly flammable substance with a high vapor pressure. Acrylic and epoxy resins, ethyl cellulose, natural resins, gums, polyvinyl butyral, alkaloids, and other essential oils all accept this chemical as a solvent since it is entirely miscible in water. In salt solutions, isopropyl alcohol is immiscible. Isopropyl alcohol is a common kind of alcohol. It is capable of dissolving a wide spectrum of non-polar substances. It is mostly used as a solvent, a cleaning fluid, and a disinfectant. The chemical is utilized as a solvent as well as an intermediary in the production of other compounds, and it has applications in the medical, automotive, and laboratory fields. To some extent, this chemical is poisonous and disturbs the central nervous system. Poisoning can occur if swallowed, breathed, or absorbed; thus, use should be done in well-ventilated locations with protective gloves on. It is, however, not as dangerous as methyl alcohol. Isopropyl alcohol is a skin irritant as well.

Market Scope and Structure Analysis

Report Metric

Details

  Market Size Available for   Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD) and Volume (Kilo Tons)

  Segments Covered

  Application, End use industry, and Region

  Regions Covered

  North America, Europe, Asia-Pacific, LAMEA

  Companies Covered

Royal Dutch Shell PLC, LG Chem, Exxon Mobil Corporation, LyondellBasell Industries Holdings BV, Avantor, Denoir Ultra-Pure, DongYing Naire Technology, Guangfu Fine Chemicals, Huate Gas, OM group, Tokuyama Corporation, Linde, Puritan Products.

 

COVID-19 Impact analysis

  • COVID-19 has reduced manufacturing in a variety of sectors, including chemicals, paints & coatings, and others. As a result, Isopropyl Alcohol intake has decreased. This has had a detrimental influence on the Isopropyl Alcohol market.
  • Major applications of Isopropyl alcohol are in pharmaceuticals, personal care, and cosmetics industries. The cosmetics industry has come to a standstill as a result of the COVID-19 epidemic. Several industrial businesses have forced to close due to a labor shortage, declining the growth of the market for isopropyl alcohol.
  • The demand for cleaners and hand sanitizers has increased as a result of the COVID-19 outbreak, which has increased the demand for Isopropyl Alcohol as a solvent in cleaning products and hand sanitizers.

Top Impacting Factors

Isopropyl alcohol is used in a variety of downstream sectors, including paint & coatings, automotive, cosmetics, printing, and pharmaceuticals. Economic reforms have resulted in an increase in disposable incomes and a shift in consumer lifestyles throughout the world, catalyzing the expansion of such businesses. Isopropyl alcohol has been used to clear flux residues after soldering and to remove oil, grease, and other handling soils in general. Apart from that, it is also utilized for purifying and extracting natural goods including animal and vegetable oils, waxes, resins, flavorings, fats, vitamins, and others, which is boosting market expansion. The indirect hydration of propylene is the most widely used method for commercially generating isopropyl alcohol. A more efficient process termed catalytic hydrogenation of acetone was developed because of the method's drawbacks, such as its high energy cost, corrosive nature, and environmental issues. As a result of these technical improvements in manufacturing, the industry now has better yield rates and the ability to produce high-purity grades, opening up new uses for isopropyl alcohol. 

Market Trends

  • Seqens started the construction of a new 45,000-ton isopropyl alcohol plant. The new isopropanol unit will be built on the Roussillon platform in France, which is a best-in-class competitiveness platform completely committed to a low-carbon energy transition.
  • Deepak Nitrite, a subsidiary of Deepak Phenolics, has started production of isopropyl alcohol (IPA) from acetone at a 30,000 MT (year) factory in Dahej, decreasing the country's reliance on imports.
  • Shell reactivated its 75,000-ton-per-year isopropyl alcohol (IPA) facility in Singapore due to growing demand for hand sanitizers.

Key Benefits of the Report

Application

  • Process Solvent
  • Cleaning Agent
  • Coating Solvent
  • Intermediate
  • Other

End use industry 

  • Cosmetic and Personal Care
  • Automotive & Transportation
  • Pharmaceutical
  • Food and Beverage
  • Paints and Coatings
  • Materials & Chemicals
  • Others 

Region 

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

 

  • This study presents the analytical depiction of the Isopropyl alcohol’ industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Isopropyl alcohol market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the Isopropyl alcohol market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed Isopropyl alcohol market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the Isopropyl alcohol Report

  • Who are the leading market players active in the Isopropyl alcohol’ market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
 
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