Isopropyl Alcohol Market Size, Share, Industry Trends, 2030

1. Isopropyl Alcohol (IPA) Market Analysis: Plant Capacity, Production, Operating Efficiency, Process, Demand & Supply, Grade, End Use, Application, Sales Channel, Regional Demand, 2015-2030

2. Isopropyl Alcohol (IPA) demand stood at 2.98 Million Tonnes in 2020 and is forecast to reach 5.19 Million Tonnes by 2030, growing at a healthy CAGR of 6.02% until 2030. The sudden onset of the global pandemic COVID-19 has caused demand for hand sanitizers to skyrocket in the international market, leading to a huge demand for Isopropyl Alcohol. Moreover, rapid industrialization and infrastructural investments across the major economies are further likely to create a strong demand for IPA from 2021-2030. IPA is a clear colorless liquid easily miscible with water, ethanol, ethers, and other solvents. IPA can be produced through three routes, viz., indirect hydration of Propylene, direct hydration of Propylene and catalytic hydrogenation of Acetone. Among these Propylene-based IPA remains the most used production process in the current market scenario. Acetone-based IPA is on the verge of phasing out as LG Chem Ltd. is the only Acetone-based IPA manufacturer in the world. Among various grades of IPA available, Industrial grade IPA accounted for the highest share in 2019 as consumption of solvents and chemical intermediates took an upswing during the year. Being highly evaporative and extremely safe, IPA is also used for sterilization applications in the healthcare and pharma sectors. Increasing purchasing power of consumers would create a need for higher consumption of IPA and IPA-based derivatives in cosmetics and personal care products. Even the electronics segment uses IPA as a cleanser and is likely to register a record growth during the forecast period as technology penetration in developing countries would rise substantially. Some players have gone for capacity expansions to accommodate for the sudden surge in IPA demand in the US and Asia-Pacific. IPA consumption is reportedly the highest in North America. However, Asia Pacific region is the fastest-growing region among all and expected to hold the maximum share of demand in the forecast period owing to rapid industrialization, growing population and a large consumer base in the region. IPA’s multi-faceted application across several industries is expected to push demand for the product to unprecedented levels during the forecast period.

3. Key Players: • • • • • • • • • • • • The Dow Chemical Company Exxon Mobil Corporation LyondellBasell Industries Holdings B.V. LG Chem Ltd. Royal Dutch Shell Plc. Clariant AG Honeywell International Inc. JXTG Nippon Oil & Energy Corporation Mitsui Chemicals Inc. United States Petroleum & Chemical Corporation INEOS Enterprises Deepak Fertilisers and Petrochemicals Corporation Limited etc Years Considered for this Report: Historical Years: 2015 – 2019 Base Year: 2020 Estimated Year: 2021 Forecast Period: 2022 – 2030 Objective of the Study: • The primary objective of the study was to evaluate and forecast Isopropyl Alcohol capacity, production, demand and demand – supply gap globally.

5. • To categorize Isopropyl Alcohol demand based on grade, end-use, application, region and sales channel. • • • To study company shares in Global Isopropyl Alcohol market. To identify major customers of Isopropyl Alcohol globally. To evaluate and forecast Isopropyl Alcohol pricing in Global Isopropyl Alcohol market. • To identify and profile major companies operating in the Global Isopropyl Alcohol market. • To identify major news, deals and expansion plans in the Global Isopropyl Alcohol market.

6. Report Scope: In this report, the Global Isopropyl Alcohol market has been segmented into following categories, in addition to the industry trends which have also been detailed below: Attribute Details Market size volume in 2020 2.98 million Tonnes Market size volume in 2030 5.19 million Tonnes Growth Rate Base year for estimation CAGR of 6.02% from 2021 to 2030 2020 Historic Data Forecast period Quantitative units Report coverage 2015-2019 2022–2030 Demand in tons and CAGR from 2021 to 2030 Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends Segments covered 1.Grade: (Industrial/Technical, Cosmetic, Pharmaceutical, Reagent, Electronic) 2.End-Use:(Pharmaceutical, Cosmetics & Personal Care, Chemicals, Paints & Coatings, Food & Beverages, Others) 3.Application: (Process Solvent, Cleaning Agent, Chemical Intermediate, Coating Solvent) 4.Sales Channel (Direct/Institutional Sales, Indirect Sales) North America; Europe; Asia Pacific; South America; Middle East & Africa The Dow Chemical Company, Exxon Mobil Corporation, LyondellBasell Industries Holdings B.V., LG Chem Ltd., Royal Dutch Shell Plc., Clariant AG, Honeywell International Inc., JXTG Nippon Oil & Energy Corporation, Mitsui Chemicals Inc., United States Petroleum & Chemical Corporation, INEOS Enterprises, Deepak Fertilisers and Petrochemicals Corporation Limited etc. Regional scope Key companies profiled Customization scope Free report customization with purchase. Addition or alteration to country, regional & segment scope. Pricing and purchase options Avail customized purchase options to meet your exact research needs.Explore purchase options

7. TABLE OF CONTENTS: 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. MEA Isopropyl Alcohol Demand Outlook, 2015-2030, By Volume 11. South America Isopropyl Alcohol Market Outlook, 2015-2030 12. South America Isopropyl Alcohol Demand Outlook, 2015-2030, By Volume 13. Country-wise Import 14. Country-wise Export 15. News and Deals Global Isopropyl Alcohol Market Outlook, 2015-2030 Global Isopropyl Alcohol Demand Outlook, 2015-2030, By Volume North America Isopropyl Alcohol Market Outlook, 2015-2030 North America Isopropyl Alcohol Demand Outlook, 2015-2030, By Volume Asia Pacific Isopropyl Alcohol Market Outlook, 2015-2030 Asia Pacific Isopropyl Alcohol Demand Outlook, 2015-2030, By Volume Europe Isopropyl Alcohol Market Outlook, 2015-2030 Europe Isopropyl Alcohol Demand Outlook, 2015-2030, By Volume MEA Isopropyl Alcohol Market Outlook, 2015-2030

8. METHODOLOGY METHODOLOGY

9. ChemAnalyst identify firm planned capacities, planned expansions and closures in identified geographies and also provide list of idling capacities wherever wise product demand profile based on past user industry data, capacity utilization & year-wise growth rates for last 10 years including current year. applicable. ChemAnalyst derive segment- Finally, ChemAnalyst project future growth considering potential new applications up to next 15 years, along with detailed basis / assumption for arriving at the projected growth rates. Current sources of products’ import along with logistics details of shipping aspect, inland transportation and cost details has been taken through primary research. Export destinations to be targeted based on market study have been listed. Details of shipping aspect, inland transportation and cost details etc. will be based on primary research. Demand = Production + Import – Export – Inventory DemandSupply Gap= Production - Demand ChemAnalyst Research perform periodical checks on data being collected through surveys with logic checks and analyze survey results and data generated through its proprietary database. ChemAnalyst will also use data triangulation technique to fill the gaps and to present the more meaning picture of the market. ChemAnalyst will deliver the final comprehensive project report in online digital format.

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