Global Isopropyl Alcohol (IPA) Market Analysis 2023

Isopropyl Alcohol Market Isopropyl Alcohol I P A Market Revenue C A G R By End User Industry Global 2022 2027

Isopropyl Alcohol Market Isopropyl Alcohol I P A Market Growth Rate By Region 2022 2027

Dublin, Aug. 23, 2023 (GLOBE NEWSWIRE) -- The "Global Isopropyl Alcohol (IPA) Market: Growth, Trends, and Forecasts (2023-2028)" report has been added to ResearchAndMarkets.com's offering.

The global isopropyl alcohol (IPA) market is poised to experience a Compound Annual Growth Rate (CAGR) exceeding 4% during the forecast period. The market encountered disruptions from the COVID-19 pandemic, leading to production declines in sectors like chemicals, paints, and coatings. However, this was offset by heightened sanitizer production.

Key Highlights

Medium-Term Drivers: The medium-term outlook for the IPA market is promising due to the increasing utilization of IPA in cosmetic and personal care products, its widespread use as a cleaning agent, and sustained demand from the pharmaceutical sector for sanitizer production.

Challenges: On the other hand, the availability of alternative acetone production methods remains a significant concern for the market. The market faces competition from these alternatives.

Innovation in Bio-based IPA: The introduction of bio-based isopropyl alcohol is expected to create opportunities for the market in the coming years. As sustainability gains importance, bio-based solutions have the potential to reshape the market landscape.

Asia-Pacific Dominance: The Asia-Pacific region takes the lead in the global IPA market, with substantial demand from China, India, and Japan.

Isopropyl Alcohol (IPA) Market Trends

Pharmaceutical Sector Dominance: The pharmaceutical segment is a key end-user of isopropyl alcohol. It finds application in alcohol swabs, wound cleaning wipes, hand sanitizers, and ear drops. Oral mouthwash solutions also contain IPA. The pharmaceutical industry's increasing expenditure globally and heightened health concerns during the COVID-19 pandemic further drive IPA demand.

Asia-Pacific Leadership: The Asia-Pacific region holds a strong position in the market. Factors like investments in the chemical industry, growing demand for cosmetics and pharmaceuticals, and the impact of COVID-19 on the pharmaceutical sector contribute to the region's dominance.

Market Competitor Analysis

The isopropyl alcohol market exhibits consolidation, with major players including Shell PLC, INEOS, ExxonMobil Corporation, Dow, and Kailing Chemical (Zhangjiagang) Co. Ltd., among others.

In conclusion, the global isopropyl alcohol market is projected for growth, driven by factors such as its role in the pharmaceutical, cosmetic, and cleaning sectors. The demand for sanitizers during the pandemic significantly bolstered its consumption. The market faces challenges from alternative acetone production methods but also sees opportunities in bio-based solutions. The Asia-Pacific region, particularly China, India, and Japan, leads the market with their contributions to pharmaceuticals, chemicals, and other industries.

Key Topics Covered

1 INTRODUCTION1.1 Study Assumptions1.2 Scope of the Study2 RESEARCH METHODOLOGY3 EXECUTIVE SUMMARY4 MARKET DYNAMICS4.1 Drivers4.1.1 Growing Personal Care Industry Globally4.1.2 Wide Usage of IPA as Cleaning Agents4.1.3 Growing Demand for IPA from the Pharmaceutical Industry for Sanitizer Production4.2 Restraints4.2.1 Alternative Ways Available to Production of Acetone4.2.2 Other Restraints4.3 Industry Value Chain Analysis4.4 Porter's Five Forces Analysis4.4.1 Bargaining Power of Suppliers4.4.2 Bargaining Power of Buyers4.4.3 Threat of New Entrants4.4.4 Threat of Substitute Products and Services4.4.5 Degree of Competition5 MARKET SEGMENTATION (Market Size in Value and Volume)5.1 Application5.1.1 Process and Preparation Solvent5.1.2 Cleaning and Drying Agent5.1.3 Coating and Dye Solvent5.1.4 Intermediate5.1.5 Other Applications5.2 End-user Industry5.2.1 Cosmetics and Personal Care5.2.2 Pharmaceutical5.2.3 Electronics5.2.4 Paints and Coatings5.2.5 Chemicals5.2.6 Other End-user Industries5.3 Geography5.3.1 Asia-Pacific5.3.2 North America5.3.3 Europe5.3.4 South America5.3.5 Middle-East and Africa6 COMPETITIVE LANDSCAPE6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements6.2 Market Share Analysis (%)6.3 Strategies Adopted by Leading Players6.4 Company Profiles6.4.1 China National Petroleum Corporation6.4.2 Dow6.4.3 ENEOS Corporation6.4.4 ExxonMobil Corporation6.4.5 Ineos6.4.6 Kailing Chemical (Zhangjiagang) Co. Ltd.6.4.7 LCY GROUP6.4.8 LG Chem6.4.9 Mitsui Chemicals Inc.6.4.10 Shell PLC6.4.11 Yancheng Super Chemical Technology Co. Ltd.6.4.12 Zhejiang Xinhua Chemical Co. Ltd.7 MARKET OPPORTUNITIES AND FUTURE TRENDS7.1 Innovation in Bio-based Isopropyl Alcohol

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Isopropyl Alcohol Market Isopropyl Alcohol I P A Market Revenue C A G R By End User Industry Global 2022 2027

Isopropyl Alcohol Market Isopropyl Alcohol I P A Market Growth Rate By Region 2022 2027