The latest report by IMARC Group titled, “Isopropyl Alcohol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global isopropyl alcohol market reached a volume of more than 2 Million Tons in 2016, growing at a CAGR of around 3% during 2009-2016. Isopropyl alcohol, commonly referred to as rubbing alcohol, is a structural isomer of propanol with chemical formula C3H8O or C3H7OH. It is a highly volatile, flammable, clear and colourless liquid with a strong alcoholic odour. Although immiscible in salt solutions, isopropyl alcohol is completely miscible in water, other alcohols, ethers and chloroform. It is commercially manufactured by either direct or indirect hydration of propylene or by catalytic hydrogenation of acetone. Isopropyl alcohol has anti-microbial, fungicidal, bactericidal and virucidal properties. Owing to these properties, it is used to sterilize and disinfect surfaces in hospitals, dairy farms, food processing plants, eating establishments, and in household dwellings.
Highlights of the Global Isopropyl Alcohol market:
- The increasing demand from various end-use industries represents the driving factor for the market.
- Solvent Production represents the largest end-use segment for the global isopropyl alcohol market.
- Asia represents the largest producer and consumer of isopropyl alcohol globally.
Request a free sample copy of the report: http://www.imarcgroup.com/request?type=report&id=496&flag=B
Owing to its physical properties, isopropyl alcohol is suitable for a number of applications in industries such as chemicals and materials, pharmaceuticals, cosmetics, etc. Isopropyl alcohol can be used as process solvent to extract and purify natural products, such as vegetable and animal oils, fats, gums, resins, waxes, colours, flavourings, alkaloids, vitamins, kelp and alginates. It is also used as a carrier in the manufacturing of food products and for the purification, crystallization and precipitation of organic chemicals. In the pharmaceuticals industry, it is used in products, such as alcohol wipes and swabs, hand sanitizers, oral mouthwash and eardrops. In the cosmetics industry, it is used in hair tonics, perfumes, skin lotions, hair dye rinses, permanent wave lotions, skin cleaners, deodorants, nail paints, shampoos, etc. According to the report, the global isopropyl alcohol market is further expected to grow, reaching a volume of around 2.5 Million Tons by 2022.
On the basis of end-use, solvent production represents the largest end-use segment for isopropyl alcohol. Other major end-use segments include pharmaceuticals, surface coatings, inks, pesticides, cosmetics and personal care products, household products, etc. On the basis of region, Asia accounts for the largest share of the total global production and consumption. Other major regions include North America, Europe and South America. On considering the competitive landscape of the market, the report finds that the major players are Shell Chemicals, DOW Chemicals, Exxon Mobil Chemical Company, Sasol Olefins and Chang Chun Plastics Co Ltd.
To view the report summary and Table of Contents, click on: http://www.imarcgroup.com/isopropyl-alcohol-technical-material-market-report
The report has examined the isopropyl alcohol market on the basis of:
End-use:
- Solvent Applications
- Other Applications (Surface Coatings, Inks, Pesticides, etc.)
Region:
- Asia
- North America
- Europe
- South America
- Others
Key Players:
- Shell Chemicals
- DOW Chemicals
- Exxon Mobil Chemical Company
- Sasol Olefins
- Chang Chun Plastics Co Ltd.
Browse related reports:
Oxo-Alcohol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022
Methanol Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Media Contact
Company Name: IMARC Group
Contact Person: Anand Ranjan
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
Country: United States
Website: http://www.imarcgroup.com/