Isopropanol Market: Demand-Supply Gap Compels Manufacturers to Raise the Price of Isopropanol
Isopropanol Market: Uptake of Electronic- & Pharmaceutical-Grade Variants
Rockville, MD -- (SBWire) -- 04/01/2019 --The term rubbing alcohol which stems from its use as a medicinal rubdown has a number of application in the health industry and is a known staple in most home cabinets. The use of isopropanol as antiseptic has been approved by FDA as a clinical hand sanitizer and surgical scrub and rubbing alcohol has a host of uses which expands to astringent, liniment for muscle aches, home cleaning, anti-fungal and anti-bacterial properties. In light of this, pharmaceutical companies prefer pharmaceutical-grade variant in the course of the production of products incorporating more than two-third isopropanol in water.
Isopropanol is growing in popularity in semiconductor and electronics industries given it dissolves light organic contaminants, ionic flux residues and dirt particles quickly. The miscibility in non-polar solvents has succored isopropanol in gaining traction as an invaluable prerequisite for cleaning pores present in electronic components.
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Use of isopropanol as biofuel has grown in traction in the recent past, according to the study. Isopropanol is expected to take over gasoline as producing isopropanol from microbes has become feasible through engineered synthetic pathways. As such, the evolution of green chemicals which encourages adoption of bio-based chemicals is set to inspire manufacturers to adopt biological method of production apropos isopropanol. Besides, use of lignocellulosic waste to manufacture isopropanol provides an option for a viable production of the compound.
Imbalance in demand and supply of isopropanol has compelled leading manufacturers such as ExxonMobil, LyondellBasell, Shell and Monument to increase the cost of isopropanol. Accordingly, isopropanol manufacturers have tilted towards acetone-based production method amidst fluctuating cost of propylene.
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Isopropanol Market: Overview
The report provides a coherent assessment on isopropanol market with the assistant of qualitative and quantitative assessment. The report delves into the segmentation of the market to offer insights on the isopropanol. The report also delineates the drivers, restraints, opportunities and trends surrounding the isopropanol market.
The report incorporates executive summary and market overview section which provides an in-depth view of the isopropanol market. Moreover, the report on isopropanol embodies the market outlook along with attractiveness analysis which offers a coherent analysis of the market. The report also delineates cost structure analysis, pricing analysis, supply chain and market value projection to provide an actionable insights on the market. The report on isopropanol market elucidates overview section which delineates Porters' Five Force Analysis, value chain analysis and trend analysis. Porters' Five Force Analysis provides in-depth analysis on competitive scenario of the isopropanol market.
The report also delves into investment feasibility matrix amid widening gap between demand and supply. Further, trade analysis and PESTLE analysis gives an in-depth view of the isopropanol market.
The analysis of the report is backed up by secondary research and primary research. The secondary sources encompasses Factiva, veracious paid source, resourceful database and trade journals. The primary source includes unbiased views of experts, seasoned analyst, including surveys and interviews. The report is propelled by absolute dollar opportunity analysis which substantiates the development of the isopropanol market.
Isopropanol Market: Competitive Scenario
A robust assessment of competitive scenario of the isopropanol market is propelled by an exhaustive assessment of Porters' Five Force Analysis offering inputs on potential strategic steps taken competitors. The report incorporates financial overview, portfolio of the product, recent development, namely.
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