Isopropyl alcohol is a chemical compound which is colourless, flammable and highly volatile by nature. It has a strong odour like that of a mixture of ethanol and acetone. This compound has a high-viscosity level at high temperatures. Although soluble in water, ether, chloroform and other alcohols, it is non-miscible in salt solutions. According to IMARC Group’s recently published report titled “Isopropyl Alcohol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, the global isopropyl alcohol market is currently being driven by its diverse uses in various industries such as medical, cleaning, surface coatings and ink industry. According to the report, this market has declined at a CAGR of around 3% during 2009-2016. The report provides a comprehensive insight into the industry including its market break-up by region, market breakup by end-uses, value chain analysis, import and export trends, key players and market outlook. The report also gives an insight into the manufacturing process of isopropyl alcohol covering key success and risk factors for manufacturers, manufacturing process flow, the reactions involved, raw materials and their requirements, etc.
The report has segmented the global isopropyl alcohol market on the basis of its end-uses. Isopropyl alcohol finds wide ranging applications encompassing a number of industries such as pharmaceuticals, surface coatings, inks and pesticides. One of the major applications for isopropyl alcohol lies in the solvent production. Other applications are in pharmaceuticals, surface coatings, inks, pesticides, household products, cosmetics, personal care products; in the manufacturing of glycerol, isopropyl acetate, shellacs and creosote.
The report has also segmented the isopropyl alcohol market according to its key regions and finds that Asia represents its biggest producer. Asia is followed by North America, Europe and South America. Based on the analysis of global export and import data, the report finds that the United States currently represents the largest importer of isopropyl alcohol accounting for nearly one-tenth of the total global import volumes. The United States is followed by China, Belgium, India and Germany. The United States is also the largest exporter of isopropyl alcohol accounting for more than one-fifth of the total global export volumes. The United States is followed by Netherlands, Germany, Japan, Taipei and Canada.
The report has also analysed the key players operating in the global isopropyl alcohol market which include Shell Chemicals, DOW Chemicals, Exxon Mobil Chemical Company, Sasol Olefins, Chang Chun Plastics Co Ltd, Deepak Fertilizers, Mitsui Chemicals Inc., CNPC Jinzhou Petrochemical Corp., Novapex, Lyondell Basell and LG Chem. Ltd.
The essential aspects of the global isopropyl alcohol market evaluated in the report include:
- Market trends
- Major regions
- Key application areas
- 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