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Report Overview
The global isopropyl alcohol market reached a value of USD 4.67 Billion in 2023. The market is further expected to grow at a CAGR of 4.30% in the forecast period of 2024-2032 to attain USD 6.82 Billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Isopropyl Alcohol Market Competitive Landscape
Key Players in the Global Market for Isopropyl Alcohol and their Competitive Strategies
The key players in the market include Royal Dutch Shell plc, The Dow Chemical Company, Exxon Mobil Corporation, Sasol Limited, and Chang Chun Group, among others.
Technological Innovation and Efficiency: Dow Chemical Company and Shell International B.V. focused on improving production technologies to enhance efficiency and reduce costs. They invested in research and development to develop more sustainable and eco-friendly manufacturing processes which is a key trend of isopropyl alcohol market.
Expansion and Market Penetration: Exxon Mobil Corporation and LyondellBasell Industries Holdings B.V. expanded their production capacities and market reach, particularly in emerging economies. They established new production facilities and formed strategic alliances to penetrate untapped markets.
Product Quality and Consistency: INEOS Group and Dow Chemical Company emphasized on maintaining high-quality standards and consistent product performance. They implemented strict quality control measures to ensure the reliability of their products, thus aiding the growth of the isopropyl alcohol market.
Sustainability and Environmental Initiatives: Shell International B.V. and LyondellBasell Industries Holdings B.V. invested in sustainable practices, focusing on reducing carbon footprint and minimizing environmental impact by adopting green technologies and eco-friendly production methods to meet regulatory standards and consumer demand for sustainable products.
Customer Engagement and Support: Exxon Mobil Corporation and INEOS Group enhanced their customer service by providing technical support and customized solutions. They built strong relationships with clients through responsive communication and tailored product offerings.
Isopropyl Alcohol Market Report Snapshots
Isopropyl Alcohol Market Growth
Isopropyl Alcohol Market Share
Isopropyl Alcohol Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The major drivers of the market include the growing economy, growing hygiene awareness, existing downstream specialty chemical marketspace, increasing healthcare facilities, thriving cosmetics and personal care industry, elevating income levels, and technological advancements.
The growing demand in pharmaceutical and solvent applications and utilisation of isopropyl alcohol in the formulation of sanitisers are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major applications include process solvent, cleaning agent, intermediate, and coating solvent, among others.
The major players in the industry are Royal Dutch Shell plc, The Dow Chemical Company, Exxon Mobil Corporation, Sasol Limited, and Chang Chun Group, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124