Rockville, MD -- (SBWIRE) -- 07/29/2019 -- Isopropanol has gained a significant industrial imperativeness as a solvent, on account of its compatibility with most of the water-based solvents. This property of isopropanol has further augmented its demand in the cosmetic industry, driven by growing use of personal care products and cosmetics. Virucidal, bactericidal, fungicidal, and anti-microbial properties of isopropanol are
being leveraged in sterilizing and disinfecting surfaces in hospitals, food processing equipment, and household dwellings. Isopropanol is also sought-after as a cleaning agent for electronic components,
particularly in semiconductor industry where consumption of semiconductor-grade isopropanol
remains substantial.
While some industries are facing a turmoil of supply-demand gap, leading companies are shifting their focus toward employing alternative production methods and expansion of their manufacturing facilities. A recent Fact.MR study projects a volume CAGR of 2.1% for the highly mature isopropanol market in the period of forecast (2018-2028). Over US$ 4,800 Mn worth of isopropanol will be consumed globally by 2028-end. Fluctuation price trend of propylene and crude oil is a key growth deterrent for the isopropanol market in the upcoming years.
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Table of Content
Chapter 1 Executive Summary
1.1 Isopropanol Market- Opportunity Assessment
1.2 Mega Trends
Chapter 2 Global Isopropanol Market Overview
2.1 Introduction
2.2 Market Definition
2.3 Scope of the report
Chapter 3 Market Dynamics
3.1 Key Growth Drivers
3.2 Industry Challenges
3.3 Market Trends
3.4 Supply Chain
3.4.1 Trends in the Isopropanol Market Has Many Supply Chain Implications
3.5 Levels of Supply Chain Maturity
3.6 Isopropanol Production Capacity
3.7 Propylene Market Overview
3.7.1 Propylene Demand Growth
3.7.2 Capacity Additions: PDH and CTO Lead the On-Purpose Wave
3.7.3 Key Market Trends
3.8 Investment Feasibility Matrix
3.9 Trade Analysis
3.9.1 Region wise Trade Activity Outlook
3.10 PESTL Analysis
3.11 Porter's Analysis
3.12 Cost Structure
3.13 Product Lifecycle
3.14 Forecast Factors
3.15 Key Market Participants – Intensity Map Analysis
To be Continue...............
Isopropanol Market: Uptake of Electronic- & Pharmaceutical-Grade Variants
Isopropanol forms an integral ingredient in the production of rubbing alcohol, disinfecting pads, and hand sanitizer. The compound also serves as an efficacious skin soother, and pain reliever. Banking on these attributes of isopropanol, pharmaceutical companies highly seek its pharmaceutical-grade variant for use as a solvent during the production of pharmaceutical products that comprise 67-70% isopropanol in water. In addition, isopropanol observes robust adoption in the DNA extraction process during research & development activities of the pharmaceutical industry.
Isopropanol Market: Taxonomy and Segmentation Analysis
This report offers a scrutinized analysis on the market for isopropanol based on a segmentation analysis. Isopropanol market is divided into five key segments, namely, primary function, applications, manufacturing process, grade type, and region.
A detailed analysis has been offered on these segments, encompassing market estimates and forecasts based on a country as well as regional level. Segmentation analysis offered is beneficial for the report readers to understand probable opportunities as well as potential markets for isopropanol. A taxonomy table provided in the report systematically demonstrates all the market segments.
Isopropanol witnessed a notable rise in domestic and spot prices in first quarter of 2017, on account of increasing costs of feedstock propylene. Amid broadening demand-supply gap, major isopropanol manufacturers that include LyondellBasell, Monument, Shell, and ExxonMobil independently raised their isopropanol costs, and the trend continued in 2018, with these stakeholders announcing a price hike of 5 cents/lb. Isopropanol industry's future growth will be significantly affected from these price fluctuations. Additionally, growing crude oil costs driven by the prevailing oil crisis will continue to influence the expansion of the isopropanol market.
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