COVID-19 Outbreak on Isopropyl Alcohol Market Growth Trends, Size Estimation, Global Share, Top Key Players and Forecast 2025
Isopropyl Alcohol Market Research Report: Information by Production Method (Indirect Hydration and Direct Hydration), Application (Solvents, Cleaning Agent, Intermediate, Disinfectants and others), End-Use Industry (Cosmetics & Personal Care, Pharmaceuticals, Paints & Coatings, Chemicals and others) and Region – Forecast till 2025
Pune, India – June 17, 2020 /MarketersMedia/ —
Overview:
Isopropyl Alcohol has become an essential part of various industries like cosmetics & personal care, food & beverages, chemicals, pharmaceuticals, and others. It is a flammable colorless liquid with a strong smell. On observing the current market trends, the Global Isopropyl Alcohol Market is projected to touch a 04 % annual growth mark during the survey period. Isopropyl after mixing with ethyl alcohol is used as a disinfectant in the form of sanitizers, clinical instruments, detergents, and surface cleaners, as it has potent anti-bacterial, anti-fungal, anti-virus, and anti-microbial properties.
With the growing health concerns and awareness about hygiene, the Isopropyl Alcohol Market is surfacing with much higher speeds than expected.Increasing global hygienic concerns have pushed the manufacturers to increase their production capabilities and enhance their supply chains to meet the growing demands, which has helped the market in gaining pace in recent times. The chemical industry is the primary user of Isopropyl Alcohol.
Bio-based isopropyl is the talk of the town and is expected to boost the market in future aspects. It evaporates fast and has low toxic effects, which makes it suitable for the manufacturing of mouthwashes, sanitizers, ear drops, and other operations.Apart from its wide applications, the overproduction of Isopropyl Alcohol is resulting in the slow growth and expansion of this market. It should be kept away from the naked flame as it is flammable and, in rare cases, possess potential damages to the skin’s health.
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Segments of the Global Isopropyl Alcohol market:
Global Isopropyl Alcohol Market is segmented into three parts, which are:
Manufacturing: Isopropyl Alcohol is manufactured using indirect hydration and direct hydration methods.
Uses: It is used as a cleaning agent, disinfectant, solvents, and others.
End-Users: Chemicals, cosmetics & personal care, coatings & paints, and other industries are the major employers of this industry.
Recent Industry News:
In recent times, the Global Isopropyl Alcohol Market is facing an internal problem of overproduction, which has slowed down the growing process globally. The chemical industry is the primary end-user of this market. The Asia Pacific region is the current market leader and will stay on the top because it will be the fastest-growing market during the survey period.
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Regional Market Summary:
Asia Pacific, America, Europe, and the Middle East & Africa are the major region observed for the Global Isopropyl Alcohol Market.
The Asia Pacific is the largest market presently and will keep domination during the survey period. Factors like increasing awareness, vast population count, growing industrial covers, and others are responsible for the current market stance. This region will also show the fastest growth rates during this period.
The American region is the second-largest market due to the presence of well-established production facilities and rapidly developing pharma industry. The European market is not far behind due to rising awareness, expanding cosmetics & personal care industries and hefty investments in research & development programs.
The rest of the regions are also showing considerable growth due to increasing industrial activities and the healthcare industry.
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NOTE: Our team of researchers is studying COVID-19 and its impact on various industry verticals and wherever required we will be considering COVID-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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