Market Overview:
The global pharmaceutical grade isopropyl alcohol market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for medical grade isopropyl alcohol from various application segments such as medical manufacturing solvents, disinfectants and others. North America dominates the global pharmaceutical grade isopropyl alcohol market and is expected to maintain its dominance during the forecast period. Asia Pacific region offers potential growth opportunities for players operating in this market due to rising demand for medical grade isopropyl alcohol from countries such as China and India.
Product Definition:
The term "pharmaceutical grade" is used to describe the purity of a substance. In the case of isopropyl alcohol, it must meet specific criteria for chemical and microbial purity in order to be used in pharmaceutical applications.
Propylene Hydration:
Propylene hydration is a chemical process in which propylene is converted to water and hydrogen. It is an industrial process used for the production of high purity (HP) alcohols, such as butyl alcohol, ethyl alcohol, and pentanol. The major application of propylene hydration includes the production of pharmaceutical-grade isopropyl alcohol.
Acetone Hydrogenation:
Acetone hydrogenation is a chemical reaction that takes place when hydrogen and acetone are mixed with powdered anhydrous calcium carbonate or sodium carbonate. The mixture so formed is then heated to 60-80 degrees Celsius. During this process, the solvent gets converted into a gaseous phase which comprises of acetic acid along with water and other byproducts such as heat, co2, and other solvents.
Application Insights:
Pharmaceutical grade isopropyl alcohols are used in the manufacturing of various products such as disinfectants, solvents, and ointments. The medical manufacturing segment dominated the global pharmaceutical grade isopropyl alcohol market by application and accounted for a revenue share of over 35% in 2017. This can be attributed to high usage rates of these products for sterilization, cleaning & disinfection procedures in hospitals & other healthcare facilities.
The demand for pharmaceutical-grade isopropyl alcohols has witnessed an upsurge due to their use as sterilizing agents during surgeries and other medical treatments which have resulted in increased product consumption globally. In addition, they are also used as solvents during drug formulations which further drives its demand worldwide.
Regional Analysis:
Asia Pacific pharmaceutical grade isopropyl alcohol market led the global industry and accounted for over 45% of the total revenue in 2016. The region is expected to witness significant growth on account of increasing healthcare spending, rising awareness regarding health hazards due to lack of hygiene, and growing demand for medical equipment & supplies.
The presence of a large number of manufacturers coupled with low manufacturing costs has attracted several international pharmaceutical companies to set up their production facilities in this region. In addition, favorable government policies such as 100% FDI allowed under automatic route have encouraged foreign investors to make substantial investments in this sector which will further boost regional product demand over the forecast period.
North America was estimated at USD X million in 2016.
Growth Factors:
- Increasing demand for pharmaceutical grade isopropyl alcohol from the pharmaceutical and biotechnology industries for use in various applications such as manufacturing of APIs, drug formulations, and medical devices.
- Rising demand for isopropyl alcohol in cosmetics and personal care products due to its properties such as antiseptic, antibacterial, and sanitizing.
- Growing demand from the electronics industry for use in cleaning electronic components and circuit boards.
- Increasing application of isopropyl alcohol in the production of renewable fuels such as bioethanol and biodiesel fuel additives owing to its high octane number value.
Scope Of The Report
Report Attributes
Report Details
Report Title
Pharmaceutical Grade Isopropyl Alcohol Market Research Report
By Type
Propylene Hydration, Acetone Hydrogenation, Isopropyl Acetate Hydrogenation
By Application
Medical Manufacturing Solvents, Disinfectant, Others
By Companies
Dow, ExxonMobil Chemical, Shell, INEOS, LG Chem, LCY Chemical, CNPC, Shandong Dadi, Zhejiang Xinhua Chemical, JXTG Nippon Oil & Energy, Tokuyama, Deepak Fertilisers, Mitsui Chemicals, Isu Chemical
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
184
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Pharmaceutical Grade Isopropyl Alcohol Market Report Segments:
The global Pharmaceutical Grade Isopropyl Alcohol market is segmented on the basis of:
Types
Propylene Hydration, Acetone Hydrogenation, Isopropyl Acetate Hydrogenation
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
Medical Manufacturing Solvents, Disinfectant, 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:
- Dow
- ExxonMobil Chemical
- Shell
- INEOS
- LG Chem
- LCY Chemical
- CNPC
- Shandong Dadi
- Zhejiang Xinhua Chemical
- JXTG Nippon Oil & Energy
- Tokuyama
- Deepak Fertilisers
- Mitsui Chemicals
- Isu Chemical
Highlights of The Pharmaceutical Grade Isopropyl Alcohol 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:
- Propylene Hydration
- Acetone Hydrogenation
- Isopropyl Acetate Hydrogenation
- By Application:
- Medical Manufacturing Solvents
- Disinfectant
- 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 Pharmaceutical Grade Isopropyl Alcohol 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
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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?
Pharmaceutical grade isopropyl alcohol is a type of alcohol that has been specifically designed for use in pharmaceuticals. It is typically more pure than other types of alcohol, and it has been processed to remove any impurities. This makes it ideal for use in medications and other medical products.
Some of the major players in the pharmaceutical grade isopropyl alcohol market are Dow, ExxonMobil Chemical, Shell, INEOS, LG Chem, LCY Chemical, CNPC, Shandong Dadi, Zhejiang Xinhua Chemical, JXTG Nippon Oil & Energy, Tokuyama, Deepak Fertilisers, Mitsui Chemicals, Isu Chemical.
The pharmaceutical grade isopropyl alcohol market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Pharmaceutical Grade Isopropyl Alcohol 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 Pharmaceutical Grade Isopropyl Alcohol Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Pharmaceutical Grade Isopropyl Alcohol 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 Pharmaceutical Grade Isopropyl Alcohol 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 Pharmaceutical Grade Isopropyl Alcohol Market Size & Forecast, 2020-2028
4.5.1 Pharmaceutical Grade Isopropyl Alcohol Market Size and Y-o-Y Growth
4.5.2 Pharmaceutical Grade Isopropyl Alcohol Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Propylene Hydration
5.2.2 Acetone Hydrogenation
5.2.3 Isopropyl Acetate Hydrogenation
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Medical Manufacturing Solvents
6.2.2 Disinfectant
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pharmaceutical Grade Isopropyl Alcohol 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 Pharmaceutical Grade Isopropyl Alcohol 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Propylene Hydration
9.6.2 Acetone Hydrogenation
9.6.3 Isopropyl Acetate Hydrogenation
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 Market Size Forecast by Applications
9.10.1 Medical Manufacturing Solvents
9.10.2 Disinfectant
9.10.3 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Propylene Hydration
10.6.2 Acetone Hydrogenation
10.6.3 Isopropyl Acetate Hydrogenation
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 Market Size Forecast by Applications
10.10.1 Medical Manufacturing Solvents
10.10.2 Disinfectant
10.10.3 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Propylene Hydration
11.6.2 Acetone Hydrogenation
11.6.3 Isopropyl Acetate Hydrogenation
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 Market Size Forecast by Applications
11.10.1 Medical Manufacturing Solvents
11.10.2 Disinfectant
11.10.3 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Propylene Hydration
12.6.2 Acetone Hydrogenation
12.6.3 Isopropyl Acetate Hydrogenation
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 Market Size Forecast by Applications
12.10.1 Medical Manufacturing Solvents
12.10.2 Disinfectant
12.10.3 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Propylene Hydration
13.6.2 Acetone Hydrogenation
13.6.3 Isopropyl Acetate Hydrogenation
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) Market Size Forecast by Applications
13.10.1 Medical Manufacturing Solvents
13.10.2 Disinfectant
13.10.3 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 Pharmaceutical Grade Isopropyl Alcohol Market: Competitive Dashboard
14.2 Global Pharmaceutical Grade Isopropyl Alcohol Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Dow
14.3.2 ExxonMobil Chemical
14.3.3 Shell
14.3.4 INEOS
14.3.5 LG Chem
14.3.6 LCY Chemical
14.3.7 CNPC
14.3.8 Shandong Dadi
14.3.9 Zhejiang Xinhua Chemical
14.3.10 JXTG Nippon Oil & Energy
14.3.11 Tokuyama
14.3.12 Deepak Fertilisers
14.3.13 Mitsui Chemicals
14.3.14 Isu Chemical
