COVID-19 Impacts: Isopropyl Alcohol Market Will Accelerate at a CAGR of almost 4% through 2020-2024 | High Volume Consumption in Solvents to Boost Growth | Technavio
Technavio has been monitoring the isopropyl alcohol market and it is poised to grow by 521.75 k Tons during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
At what CAGR is the market projected to grow in the forecast period 2020-2024?
Growing at a CAGR of almost 4%, the market growth will accelerate in the forecast period of 2020-2024.
What is the key factor driving the market?
High volume consumption in solvents is one of the key factors driving the market growth.
Who are the top players in the market?
Deepak Fertilisers and Petrochemicals Corp. Ltd., Dow Inc., Exxon Mobil Corp., Galaxy Surfactants Ltd., Honeywell International Inc., LG Electronics Inc., LyondellBasell Industries NV, Mitsui Chemicals Group, Royal Dutch Shell Plc, and Sasol Ltd. are some of the major market participants.
Which region is expected to hold the highest market share?
APAC
What is the major trend in the market?
Capacity expansions and installation of new plants is a major trend driving the growth of the market.
What is the year-over-year growth rate of the global market?
The year-over-year growth rate for 2020 is estimated at 2.62%.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Deepak Fertilisers and Petrochemicals Corp. Ltd., Dow Inc., Exxon Mobil Corp., Galaxy Surfactants Ltd., Honeywell International Inc., LG Electronics Inc., LyondellBasell Industries NV, Mitsui Chemicals Group, Royal Dutch Shell Plc, and Sasol Ltd. are some of the major market participants. The high volume consumption in solvents will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
High volume consumption in solvents has been instrumental in driving the growth of the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our isopropyl alcohol market report covers the following areas:
Isopropyl Alcohol Market size
Isopropyl Alcohol Market trends
Isopropyl Alcohol Market analysis
This study identifies capacity expansions and the installation of new plants as one of the prime reasons driving the isopropyl alcohol market growth during the next few years.
We provide a detailed analysis of vendors operating in the isopropyl alcohol market, including some of the vendors such as Deepak Fertilisers and Petrochemicals Corp. Ltd., Dow Inc., Exxon Mobil Corp., Galaxy Surfactants Ltd., Honeywell International Inc., LG Electronics Inc., LyondellBasell Industries NV, Mitsui Chemicals Group, Royal Dutch Shell Plc, and Sasol Ltd. Backed with competitive intelligence and benchmarking, our research reports on the isopropyl alcohol market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist isopropyl alcohol market growth during the next five years
Estimation of the isopropyl alcohol market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the isopropyl alcohol market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of isopropyl alcohol market vendors
Table of Contents:
Executive Summary
Market Overview
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Application
Market segments
Comparison by Application
Solvents - Market size and forecast 2019-2024
Chemical intermediates - Market size and forecast 2019-2024
Pharmaceuticals - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by Application
Customer Landscape
Overview
Geographic Landscape
Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Market drivers
Market challenges
Market trends
Vendor Landscape
Overview
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
Deepak Fertilisers and Petrochemicals Corp. Ltd.
Dow Inc.
Exxon Mobil Corp.
Galaxy Surfactants Ltd.
Honeywell International Inc.
LG Electronics Inc.
LyondellBasell Industries NV
Mitsui Chemicals Group
Royal Dutch Shell Plc
Sasol Ltd.
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
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