Market Overview:
The global isopropanol market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for isopropanol from various end-use industries, such as cosmetics & personal care, pharmaceuticals, food & beverage industry, paints & coatings and chemical industry. In addition, rising demand for electronic grade isopropanol owing to its properties such as low moisture absorption and non-corrosiveness are also fuelling the growth of this market. However, volatility in prices of raw materials used in manufacturing isopropanol may restrain the growth of this market during the forecast period. Based on type, industrial grade accounted for majority share of global isopropanol market in 2017 and it is projected to maintain its dominance throughout the forecast period. This can be attributed to high demand for industrial gradeisopropanol from various end-use industries due its properties such as purity and solvency power. Pharmaceutical gradeisopropanol held second largest share in 2017 and it projected exhibit highest CAGR over next decade owing growing use of this product by pharmaceutical companies across globe . Cosmetic gradeis expected witness highest CAGR over next decade due growing application scopeof this productin cosmetic&personal careindustry .
Product Definition:
Isopropanol is an alcohol molecule that has three carbon atoms and six hydrogen atoms. It is a colorless liquid with a slightly bitter taste. It is used as an antiseptic, as a solvent for paints and varnishes, and in the production of plastics.
Industrial Grade:
Industrial grade isopropanol is a type of propanol used in various applications such as pharmaceuticals, agrochemicals, and cosmetics. It can also be used as an intermediate for the production of other chemicals such as acetone and glycols. Industrial-grade isopropanol has been gaining importance on account of its increasing consumption in the manufacturing industry owing to properties such as high flash point & boiling point along with low toxicity level.
Pharmaceutical Grade:
Pharmaceutical grade isopropanol is a colorless and highly flammable liquid that has a strong odor. It is used as an industrial solvent and as an intermediate in the production of pharmaceutical drugs, agrochemicals, cosmetics, food additives & preservatives.
Application Insights:
Isopropanol is used in the manufacture of a wide range of products including pharmaceuticals, cosmetics and personal care products, paints and coatings, rubber processing, textile printing ink as well as gasoline additives. The product is primarily used for the production of pharmaceutical grade ethanol which has a significant demand from medical industry. Cosmetics and personal care segment emerged as one of the leading application areas for global isopropanol market owing to its properties such as low boiling point along with high flash point makes it suitable for use in manufacturing various skincare formulations.
The product also finds applications in food & beverage industry mainly during baking process where it acts as an agent de conservation due to its anti-microbial property that helps prevent bacterial growth within food items such as bread or rolls resulting into off-odors or aromas.
Regional Analysis:
North America is expected to be the fastest growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing demand for personal care products and electronic devices. The region has been witnessing an increase in the number of manufacturers due to low manufacturing cost as compared to other regions, which has led Isopropanol industry growth in North America.
Asia Pacific is anticipated to be one of the fastest-growing regional markets over the forecast period owing high growth rate in personal care product segment coupled with rapid industrialization and urbanization resulting into increased construction activities, thereby driving industry expansion. Furthermore, favorable government regulations aimed at promoting investments through FDI are also expected drive industry development over next eight years.
Growth Factors:
- Increasing demand from end-use industries such as pharmaceuticals, cosmetics, and agrochemicals
- Rising demand for isopropanol in emerging countries due to the growth of their economies and increasing population
- Growing use of isopropanol as a solvent in various chemical processes
- Increasing production capacity of major manufacturers globally
- Technological advancements that help improve the quality and purity of isopropanol
Scope Of The Report
Report Attributes
Report Details
Report Title
Isopropanol Market Research Report
By Type
Industrial Grade, Pharmaceutical Grade, Cosmetic Grade, Electronic Grade
By Application
Cosmetic & Personal Care, Pharmaceutical, Food & Beverage Industry, Paints & Coatings, Chemical, Others
By Companies
BASF, Royal Dutch Shell, Exxon Mobil, DowDuPont, Clariant, Mitsui Chemicals, LG Chem, LCY, Zibo Nuoao Chemical, Perrigo, Ami Chemicals
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Isopropanol Market Report Segments:
The global Isopropanol market is segmented on the basis of:
Types
Industrial Grade, Pharmaceutical Grade, Cosmetic Grade, Electronic Grade
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cosmetic & Personal Care, Pharmaceutical, Food & Beverage Industry, Paints & Coatings, Chemical, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Royal Dutch Shell
- Exxon Mobil
- DowDuPont
- Clariant
- Mitsui Chemicals
- LG Chem
- LCY
- Zibo Nuoao Chemical
- Perrigo
- Ami Chemicals
Highlights of The Isopropanol Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Industrial Grade
- Pharmaceutical Grade
- Cosmetic Grade
- Electronic Grade
- By Application:
- Cosmetic & Personal Care
- Pharmaceutical
- Food & Beverage Industry
- Paints & Coatings
- Chemical
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Isopropanol Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Isopropanol is a type of alcohol that is made from propane and butane. It has a low boiling point, making it useful as an industrial solvent.
Some of the major players in the isopropanol market are BASF, Royal Dutch Shell, Exxon Mobil, DowDuPont, Clariant, Mitsui Chemicals, LG Chem, LCY, Zibo Nuoao Chemical, Perrigo, Ami Chemicals.
The isopropanol market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Isopropanol Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Isopropanol Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Isopropanol Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Isopropanol Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Isopropanol Market Size & Forecast, 2018-2028
4.5.1 Isopropanol Market Size and Y-o-Y Growth
4.5.2 Isopropanol Market Absolute $ Opportunity
Chapter 5 Global Isopropanol Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Isopropanol Market Size Forecast by Type
5.2.1 Industrial Grade
5.2.2 Pharmaceutical Grade
5.2.3 Cosmetic Grade
5.2.4 Electronic Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Isopropanol Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Isopropanol Market Size Forecast by Applications
6.2.1 Cosmetic & Personal Care
6.2.2 Pharmaceutical
6.2.3 Food & Beverage Industry
6.2.4 Paints & Coatings
6.2.5 Chemical
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Isopropanol Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Isopropanol Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Isopropanol Analysis and Forecast
9.1 Introduction
9.2 North America Isopropanol Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Isopropanol Market Size Forecast by Type
9.6.1 Industrial Grade
9.6.2 Pharmaceutical Grade
9.6.3 Cosmetic Grade
9.6.4 Electronic Grade
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Isopropanol Market Size Forecast by Applications
9.10.1 Cosmetic & Personal Care
9.10.2 Pharmaceutical
9.10.3 Food & Beverage Industry
9.10.4 Paints & Coatings
9.10.5 Chemical
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Isopropanol Analysis and Forecast
10.1 Introduction
10.2 Europe Isopropanol Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Isopropanol Market Size Forecast by Type
10.6.1 Industrial Grade
10.6.2 Pharmaceutical Grade
10.6.3 Cosmetic Grade
10.6.4 Electronic Grade
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Isopropanol Market Size Forecast by Applications
10.10.1 Cosmetic & Personal Care
10.10.2 Pharmaceutical
10.10.3 Food & Beverage Industry
10.10.4 Paints & Coatings
10.10.5 Chemical
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Isopropanol Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Isopropanol Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Isopropanol Market Size Forecast by Type
11.6.1 Industrial Grade
11.6.2 Pharmaceutical Grade
11.6.3 Cosmetic Grade
11.6.4 Electronic Grade
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Isopropanol Market Size Forecast by Applications
11.10.1 Cosmetic & Personal Care
11.10.2 Pharmaceutical
11.10.3 Food & Beverage Industry
11.10.4 Paints & Coatings
11.10.5 Chemical
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Isopropanol Analysis and Forecast
12.1 Introduction
12.2 Latin America Isopropanol Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Isopropanol Market Size Forecast by Type
12.6.1 Industrial Grade
12.6.2 Pharmaceutical Grade
12.6.3 Cosmetic Grade
12.6.4 Electronic Grade
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Isopropanol Market Size Forecast by Applications
12.10.1 Cosmetic & Personal Care
12.10.2 Pharmaceutical
12.10.3 Food & Beverage Industry
12.10.4 Paints & Coatings
12.10.5 Chemical
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Isopropanol Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Isopropanol Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Isopropanol Market Size Forecast by Type
13.6.1 Industrial Grade
13.6.2 Pharmaceutical Grade
13.6.3 Cosmetic Grade
13.6.4 Electronic Grade
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Isopropanol Market Size Forecast by Applications
13.10.1 Cosmetic & Personal Care
13.10.2 Pharmaceutical
13.10.3 Food & Beverage Industry
13.10.4 Paints & Coatings
13.10.5 Chemical
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Isopropanol Market: Competitive Dashboard
14.2 Global Isopropanol Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 Royal Dutch Shell
14.3.3 Exxon Mobil
14.3.4 DowDuPont
14.3.5 Clariant
14.3.6 Mitsui Chemicals
14.3.7 LG Chem
14.3.8 LCY
14.3.9 Zibo Nuoao Chemical
14.3.10 Perrigo
14.3.11 Ami Chemicals
