What is Isopropyl Alcohol?
Isopropyl Alcohol is an organic compound with wide range of applications. It is manufactured by synthesis of propylene with sulfuric acid, then followed by hydrolysis process. Isopropyl Alcohol is the most common and first ever commercially sold synthetic oil. With the recent pandemic, demand for sanitizers has skyrocketed this has led to boom in growth of Isopropyl Alcohol Market. Apart from Medical Use, Isopropyl Alcohol is also being widely used in Adhesives, Sealants, Lubricants and Speciality Chemicals. Currently, Asia Pacific is the biggest market of the Isopropyl Alcohol, but demand for the chemical has increased worldwide.
The market study is broken down, by Application (Pharmaceuticals, Adhesives and sealants, Preservatives, Coatings additives, Lubricants and Others) and major geographies with country level break-up.
Exxon Mobil Corporation (United States), Dow Chemical Company (United States), LyondellBasell Industries N.V. (Netherlands), Royal Dutch Shell plc (Netherlands), BASF SE (Germany), Clariant AG (Switzerland), LG Chem (South Korea), ENEOS Corporation (Japan), Sasol Ltd. (South Africa) and Sigma-Aldrich (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Linde plc (Ireland), Greenfield Global Inc. Specialty Alcohols (Canada) and Eastman Chemical Company (United States).
AdvanceMarketAnalytics has segmented the market of Global Isopropyl Alcohol market by Type, Application and Region.
On the basis of geography, the market of Isopropyl Alcohol has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel , the sub-segment i.e. Direct will boost the Isopropyl Alcohol market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Grade Type , the sub-segment i.e. Industrial Grade will boost the Isopropyl Alcohol market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Automotive will boost the Isopropyl Alcohol market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In 2020, a joint Venture between Royal Dutch Shell plc and Vivo Lubricants based in Kenya had converted its blending plant for lubricants into a Hand Sanitizer Manufacturing Plant. Shell has also increased its Isopropyl Alcohol production for medical applications and donated IP to various to governments. and In 2020, Exxon Mobil Corporation, US based Multinational Oil Corporation has announced boosting of its Isopropyl Alcohol Production by 3,000 tonnes/month to meet increasing demand of medical grade sanitizers.
- Rising Expenditure Cosmetics Industry
- Growth of Healthcare and Pharmaceutical Demand due to Recent Pandemic, specifically Sanitizers Growth in Demand
- Increase in demand for Decorative Paints
- Rising Applications in Food and Beverages Industry
- Growing Investment in Pharmaceutical Industry
- Hazardous and Toxic Nature of Isopropyl Alcohol
- Intense Competition from Growing Number of Players
- Presence of Counterfeit Products
Key Target AudienceIsopropyl Alcohol Manufacturers, Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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