Le Lézard
Classified in: Covid-19 virus
Subject: Photo/Multimedia

Insights on the Global Isopropyl Alcohol Market 2020-2024 | COVID-19 Analysis, Drivers, Restraints, Opportunities and Threats | Technavio

The global isopropyl alcohol market size is expected to grow by 521.75 k Tons during 2020-2024, progressing at a CAGR of almost 4% during the forecast period.

Click & get FREE sample Report in MINUTES

The high-volume consumption in solvents is one of the major factors propelling market growth. However, factors such as volatility in crude oil prices will hamper market growth.

The high-volume consumption in solvents is driving isopropyl alcohol market growth. Isopropyl alcohol is the most widely used solvent due to its excellent solvency properties. It can be directly utilized in applications such as inks, pesticide and herbicide formulations, resin production, and surface coatings. Isopropyl alcohol acts as a highly effective solvent in surface coatings, due to its high miscibility in water and non-polar solvents. It is also used in acrylic emulsions and resins to create various textures. Moreover, due to its low toxicity, low boiling point, and less density, it is also utilized to dilute essential oils. This will lead to an increase in the consumption of isopropyl alcohol in solvents, driving the market growth.

More details: www.technavio.com/report/isopropyl-alcohol-market-industry-analysis

Global Isopropyl Alcohol Market: Application Landscape

Isopropyl alcohol is one of the most widely used solvents in a wide range of end-use industries for different applications, including surface coatings, cleaning and disinfectant solutions, food and beverages, and printing. Hospitals use alcohol wipes and sanitizers made of isopropyl alcohol. Isopropyl alcohol is highly effective in eliminating pathogenic microbes, including bacteria, fungi, and viruses. Hence, the use of hand sanitizers and alcohol wipes has increased worldwide recently to combat the COVID-19 virus. Market growth in this segment will be faster than the growth of the market in the chemical intermediates, pharmaceuticals, and other segments.

Global Isopropyl Alcohol Market: Geographic Landscape

The rapidly growing pharmaceutical and sector, food and beverage industry, cosmetics and personal care sector, and chemicals industry will significantly drive isopropyl alcohol market growth in this region over the forecast period. Over 50% of the market's growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for isopropyl alcohol in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Related Reports on Materials Include:

Global Benzyl Alcohol Market: The benzyl alcohol market size has the potential to grow by 18.50 K MT during 2020-2024, and the market's growth momentum will accelerate during the forecast period. To get extensive research insights: Click and Get FREE Sample Report in Minutes!

Global Alcohol Ethoxylates Market: The alcohol ethoxylates market size has the potential to grow by USD 1.29 bn during 2020-2024, and the market's growth momentum will accelerate during the forecast period. To get extensive research insights: Click and Get FREE Sample Report in Minutes!

Companies Covered

What our reports offer:

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform

Isopropyl Alcohol Market 2020-2024: Key Highlights

Table of Contents:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Application

Customer landscape

Geographic Landscape

Drivers, Challenges, and Trends

Vendor Landscape

Vendor Analysis


About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

These press releases may also interest you

at 10:20
The "Artificial Intelligence in Epidemiology Market by AI Type, Infrastructure, Deployment Model, and Services 2021 - 2026" report has been added to ResearchAndMarkets.com's offering. This global AI epidemiology and public health market report...

at 10:19
Buchanan-based Bank of Botetourt announced today that it has filed its Call Report with the Federal Deposit Insurance Corporation and reports the following unaudited financial results for year ended December 31, 2020. Net income for the fiscal year...

at 10:17
COVID-19 is a crisis unlike any other. It has hit women harder with jobs lost and women taking on more unpaid work than they already were for their kids as well as their elders. Women are the majority of those on the front lines of the fight against...

at 10:15
The V Foundation for Cancer Research, a top-rated cancer research charity, announces $10.3 million in grant funding for 2020. It was a year unlike any other, and that was reflected in the composition of the 42 grants awarded. Of significance, three...

at 10:15
Franklin Templeton is pleased to announce its receipt of a perfect score of 100 percent on the Human Rights Campaign (HRC) Foundation's 2021 Corporate Equality Index (CEI), the nation's premier benchmarking survey and report measuring corporate...

at 10:15
The "Technology Breakthroughs and Growth Opportunity in Digital Dentistry" report has been added to ResearchAndMarkets.com's offering. This research service explores the various technology breakthroughs transforming dentistry and the growth...

News published on 30 november 2020 at 12:20 and distributed by: