Isopropyl Alcohol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

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The global isopropyl alcohol market reached a value of US$ 3.6 Billion in 2017, registering a CAGR of 7.2% during 2010-2017. The market value is further anticipated to reach US$ 4.6 Billion by 2023, exhibiting a CAGR of around 4.2% during 2018-2023. Isopropyl alcohol is an organic chemical compound with the chemical formula C3H7OH. It is a colourless, volatile and flammable liquid compound which has a bitter taste and strong odour. Although miscible with water, few alcohols, ether and chloroform, isopropyl alcohol is insoluble in salt solutions. It majorly finds application as a solvent in essential oils, resins, alkaloids, gums, cellulose and coatings; de-icing agent in lacquers, liquid fuels and extraction processes; and an antiseptic in anti-freeze compositions. Isopropyl alcohol is also used in the production of glycerol, shellacs, quick drying inks, isopropyl acetate and creosote.

Global Isopropyl Alcohol Market Drivers:

  • Isopropyl alcohol finds diverse applications in several downstream industries like paint and coating, automotive, cosmetic, printing, pharmaceutical, etc. Economic reforms have resulted into a rise in the disposable incomes and changes in lifestyle of the consumers across the globe, thereby catalysing the growth of these industries.
  • Isopropyl alcohol has been used to remove flux residues after soldering and as a general cleaner to remove oil, grease, and other handling soils. Apart from this, it is also used for purifying and extracting natural products such as animal and vegetable oils, waxes, resins, flavourings, fats, vitamins, etc., which is positively influencing the market growth.
  • One of the fastest growing markets for isopropyl alcohol is Asia Pacific, wherein China represents the leading region. As isopropyl alcohol is readily available in the region, it can be purchased in bulk quantities at fairly low prices. Additionally, thriving cosmetics and personal care industry, rapid economic growth and elevating income levels have resulted into a heightened demand for isopropyl alcohol-based products.
  • Isopropyl alcohol is stable if it is properly handled and stored in adequate conditions. In addition to this, it has a shelf-life of two years from the manufacturing date. The chemical makeup and potency of isopropyl alcohol remain stable for two years in its original closed container.
  • The most popular technique for producing isopropyl alcohol on a commercial level is the indirect hydration of propylene. Demerits of this method such as high energy cost, corrosive condition and pollution problems had led to the development of a more efficient technique, called catalytic hydrogenation of acetone. Such technological advancements in the production have empowered the industry with higher yield rates and production of high-purity grades, thereby generating opportunities for new applications of isopropyl alcohol.


Global Isopropyl Alcohol Market Price Trends 2018-2023

Breakup by Application:

Isopropyl alcohol is majorly used as an intermediate in the manufacturing of industrially important chemical compounds such as acetone, glycerol, isopropyl acetate, methyl isobutyl ketone (MIBK), isopropyl esters and isopropyl amines. Apart from this, it is employed as a process solvent, coating solvent and cleaning agent.

Breakup by Industry:

On the basis of industry, the market has been segregated as chemicals, paints and coatings, cosmetics and personal care products, pharmaceutical, and food and beverage. Amongst these, chemicals account for around one-third of the total market share, representing the largest segment. Isopropyl alcohol is utilised for manufacturing acetone and its derivatives which are further employed in various industries.

Regional Insights:

According to the isopropyl alcohol market report, Asia represents the leading market. This can be attributed to the thriving personal care and cosmetics industry in the region which has facilitated the growth of isopropyl alcohol as it is used in the production of skin cleaners, skin lotions, deodorants, nail paints, hair tonics, shampoos, etc. Asia is followed by North America, Europe and South America.

Competitive Landscape:

The market is concentrated with the top 5 players accounting for more than half of the entire market share. Some of the biggest players operative in the market are:

  • The Dow Chemical Company
  • Exxon Mobil Corporation
  • Shell Chemicals Europe B.V.
  • INEOS Enterprises Ltd.
  • Super Chemical Corporation


The report provides a comprehensive insight into the global isopropyl alcohol industry including its market break-up by region, market breakup by end-uses, SWOT analysis, Porter’s five forces analysis, value chain analysis, import and export trends, key players and market outlook. The report also gives an in-sight into the manufacturing process of isopropyl alcohol covering key success and risk factors for manufacturers, manufacturing process flow, the reactions involved, raw materials requirements, etc.

The essential aspects of the global isopropyl alcohol market evaluated in the report include:

  • Market trends
  • Major regions
  • Key application areas
  • Major end-use industries
  • 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

1 Preface
2 Research Methodology
3 Executive Summary
4 Introduction

    4.1 Overview
    4.2 Properties
5 Global Isopropyl Alcohol Industry
    5.1 Market Overview
    5.2 Market Performance
        5.2.1 Volume Trends
        5.2.2 Value Trends
    5.3 Price Trends
    5.4 Market Breakup by Region
    5.5 Market Breakup by Application
    5.6 Market Breakup by Industry
    5.7 Market Forecast
    5.8 SWOT Analysis
        5.8.1 Strengths
        5.8.2 Weaknesses
        5.8.3 Opportunities
        5.8.4 Threats
    5.9 Value Chain Analysis
    5.10 Porter’s Five Forces Analysis
        5.10.1 Overview
        5.10.2 Bargaining Power of Buyers
        5.10.3 Bargaining Power of Suppliers
        5.10.4 Degree of Competition
        5.10.5 Threat of New Entrants
        5.10.6 Threat of Substitutes
    5.11 Trade Data
        5.11.1 Imports
        5.11.2 Exports
    5.12 Key Market Drivers and Success Factors
6 Performance of Key Regions
    6.1 Asia
    6.2 North America
    6.3 Europe
    6.4 South America
    6.5 Others
7 Market Breakup by Application
    7.1 Process Solvent
    7.2 Cleaning Agent
    7.3 Coating Solvent
    7.4 Intermediate
    7.5 Others
8 Market Breakup by Industry
    8.1 Cosmetic and Personal care
    8.2 Pharmaceutical
    8.3 Food and Beverage 
    8.4 Paints and Coatings
    8.5 Chemical
    8.6 Others
9 Competitive Landscape
    9.1 Competitive Structure
    9.2 Production Capacity of Key Players
    9.3 Key Player Profiles
10 Isopropyl Alcohol Manufacturing Process
    10.1 Product Overview
    10.2 Chemical Reactions Involved
    10.3 Manufacturing Process
    10.4 Detailed Process Flow
    10.5 Raw Material Requirement
    10.6 Mass Balance and Feedstock Conversion Rate
11 Isopropyl Alcohol Feedstock Market Analysis
    11.1 Propylene
        11.1.1 Market Performance
            11.1.1.1 Volume Trends
            11.1.1.2 Value Trends
        11.1.2 Price Trends
        11.1.3 Market Breakup by Region
        11.1.4 Market Breakup Application
        11.1.5 Key Suppliers
    11.2 Acetone
        11.2.1 Market Performance
            11.2.1.1 Volume Trends
            11.2.1.2 Value Trends
        11.2.2 Price Trends
        11.2.3 Breakup by Region
        11.2.4 Market Breakup by End-Use
        11.2.5 Key Suppliers

 

List of Figures

Figure 1: Global: Isopropyl Alcohol Industry Overview
Figure 2: Global: Isopropyl Alcohol Market: Production Volume Trends (in Million Tons), 2010-2017
Figure 3: Global: Isopropyl Alcohol Market: Production Value Trends (in Billion US$), 2010-2017
Figure 4: Global: Isopropyl Alcohol Price Trends (in US$/Ton), 2010 - 2023
Figure 5: Global: Isopropyl Alcohol Market: Production Breakup by Region (in %), 2017
Figure 6: Global: Isopropyl Alcohol Market: Consumption Breakup by Region (in %), 2017
Figure 7: Global: Isopropyl Alcohol Market: Breakup by End-Use (in %), 2017
Figure 8: Global: Isopropyl Alcohol Market Forecast: Production Volume Trends (in Million Tons), 2018-2023
Figure 9: Global: Isopropyl Alcohol Market Forecast: Production Value Trends (in Billion US$), 2018-2023
Figure 10: Global: Isopropyl Alcohol Industry: SWOT Analysis
Figure 11: Global: Isopropyl Alcohol Industry: Value Chain Analysis
Figure 12: Global: Isopropyl Alcohol Industry: Porter’s Five Forces Analysis
Figure 13: Global: Isopropyl Alcohol Market: Import Volume Breakup by Country (in %)
Figure 14: USA: Isopropyl Alcohol Market: Import Volume Trend (in Tons)
Figure 15: Global: Isopropyl Alcohol Market: Export Volume Breakup by Country (in %)
Figure 16: USA: Isopropyl Alcohol Market: Export Volume Trend (in Tons)
Figure 17: Asia: Isopropyl Alcohol Market (in Tons), 2010, 2017 & 2023
Figure 18: North America: Isopropyl Alcohol Market (in Tons), 2010, 2017 & 2023
Figure 19: Europe: Isopropyl Alcohol Market (in Tons), 2010, 2017 & 2023
Figure 20: South America: Isopropyl Alcohol Market (in Tons), 2010, 2017 & 2023
Figure 21: Others: Isopropyl Alcohol Market (in Tons), 2010, 2017 & 2023
Figure 22: Isopropyl Alcohol Manufacturing Process: Detailed Process Flow
Figure 23: Isopropyl Alcohol Manufacturing Process: Conversion Rate of Feedstocks
Figure 24: Global: Propylene Market: Production Volume Trends (in Million Tons), 2010-2017
Figure 25: Global: Propylene Market: Production Value Trends (in Million US$), 2010-2017  
Figure 26: Global: Propylene Market: Price Trends (in US$/Ton), 2010-2023
Figure 27: Global: Propylene Market: Breakup by Region (in %), 2017 
Figure 28: Global: Propylene Market: Breakup by End-Use (in %), 2017
Figure 29: Global: Acetone Market: Production Volume Trends (in Million Tons), 2010-2017
Figure 30: Global: Acetone Market: Production Value Trends (in Million US$), 2010-2017
Figure 31: Global: Acetone Market: Price Trends (in US$/Ton), 2010-2023 
Figure 32: Global: Acetone Market: Breakup by Region (in %), 2017
Figure 33: Global: Acetone Market: Breakup by End-Use (in %), 2017

List of Tables

Table 1: Isopropyl Alcohol: Chemical Properties
Table 2: Isopropyl Alcohol: Physical Properties
Table 3: Global: Isopropyl Alcohol Market: Key Industry Highlights, 2017 and 2023
Table 4: Isopropyl Alcohol: Applications of Isopropyl Alcohol as a Solvent
Table 5: Global: Isopropyl Alcohol Market Forecast: Breakup by Region, 2018-2023
Table 6: Global: Isopropyl Alcohol Market: Imports by Major Countries
Table 7: Global: Isopropyl Alcohol Market: Exports by Major Countries
Table 8: Global: Isopropyl Alcohol Market: Capacity of Major Players (in Tons)
Table 9: Isopropyl Alcohol Manufacturing Process: Raw Material Requirements
Table 10: Isopropyl Alcohol Manufacturing Process: Chemical Reactions Involved
Table 11: Global: Propylene Market: Capacity of Major Players (in Tons)
Table 12: Global: Acetone Market: Capacity of Major Players (in Tons)


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