The report published on global Isopropyl Alcohol Market is an extensive analysis of the market with a panoramic overview of the industry with regards to market size, market share, revenue growth, opportunities, drivers, restraints. The Isopropyl Alcohol Market offers precise market scenario crucial real-time information about the developments and advancements in the market to help readers, stakeholders, and investors capitalize on the emerging opportunities. In addition, regional analysis and competitive landscape are covered in the report to offer clear picture of the market growth. Development policies and plans along with manufacturing processes and costs structures are covered in the report.
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Major Companies :
- Archer Daniels Midland Company (ADM)
- BASF SE
- Cargill, Incorporated
- Grain Processing Corporation (GPC)
- MGP Ingredients, Inc.
- Merck KGaA
- Osage Bio Energy, LLC
- Roquette Freres
- The Andersons, Inc.
- The Dow Chemical Company
- Solvay
The global Isopropyl Alcohol market size was USD 111.01 billion in 2022 and is expected to reach a value of USD 261.73 billion in 2032 and register a revenue CAGR of 10% during the forecast period. The demand for biofuels, the rise in the use of alcohol in various industries, and the rise in alcoholic beverage consumption are the main drivers of market expansion. Also, the pharmaceutical industry’s rising need for Isopropyl Alcohol as a solvent is driving market revenue growth.
Due to a greater need for sustainable energy sources and a decreasing reliance on fossil fuels, there is a rising demand for biofuels like Ethanol and biodiesel on a global scale. The need for Isopropyl Alcohol is being driven by the fact that ethanol, one type of Isopropyl Alcohol, is a crucial ingredient in the creation of biofuels. The rising popularity of eco-friendly products is also expected to increase demand for biofuels and fuel additional market expansion.
The COVID-19 impact Analysis: The growing COVID-19 pandemic has led to the weakening demand for coatings in electronics, automotive, construction, and white goods. The market has the capacity to bounce back, but it completely depends on the duration of the lockdown, and also the impact of the virus on the economy. Even though the overall demand of the market is falling, the demand for Isopropyl Alcohol is expected to rise in the coming years.
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Type Outlook:
- Ethyl Alcohol
- Methyl Alcohol
- Isopropyl Alcohol
- Others
Application Outlook:
- Personal Care
- Fuel Energy
- Pharmaceutical
- Food Beverages
- Others
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Key Regional Markets Covered in the Report:
North America (U.S.A., Canada, Mexico)
Europe (Italy, U.K., Germany, France, Rest of Europe)
Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of the Isopropyl Alcohol Market
– Changes in industry market dynamics
– Detailed market segmentation by type, application, etc.
– Historical, current and projected market size in terms of quantity and value
– Recent industry trends and developments
– Competition situation of Isopropyl Alcohol Market
– Key companies and product strategies
– Potential niche segment/region showing promising growth.
Finally, the Isopropyl Alcohol Market Report is the authoritative source for market research that can dramatically accelerate your business. The report shows economic conditions such as major locales, item values, profits, limits, generation, supply, requirements, market development rates, and numbers.
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