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The global isopropyl alcohol market was valued at US$ 4.19 Billion in 2020
Sudden outbreak of the COVID-19 pandemic has led to the surging demand for isopropyl alcohol for manufacturing alcohol-based hand sanitizers to combat the spread of coronavirus infection.
We expect the global isopropyl alcohol market to grow at a CAGR of 5.2% during 2021-2026.
The rising adoption of isopropyl alcohol across diverse industries, including paint and coating, automotive, cosmetic, printing, pharmaceutical, etc., is one of the key factors driving the global isopropyl alcohol market.
Based on the industry, the global isopropyl alcohol market can be categorized into chemicals, paints and coatings, cosmetics and personal care products, pharmaceutical, food and beverage, and others. Among these, the chemical industry currently represents the largest segment.
Some of the major players in the global isopropyl alcohol market include Shell Chemicals Europe B.V., The Dow Chemical Company, INEOS Enterprises Ltd., Exxon Mobil Corporation., and Super Chemical Technology Co. Ltd.
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