Isopropanol Market: Uptake of Electronic- & Pharmaceutical-Grade Variants

Posted on 2019-03-15 by Mark Hub in Chemicals // 0 Comments

Rockville, USA, 2019-Mar-15 — /EPR Network/ — In order to dissert the market scenario prevailing across the Isopropanol sector, Fact.MR has evenly presented a new examination titled Isopropanol Market, to its extensive online repository. With all vital market facets enclosed into this single assessment, readers can learn about different market drivers, opportunities and trends which are likely to influence the overall market space for the Isopropanol Market market in the coming years. In addition, factors such as market size, Y-o-Y growth and revenue share are investigated so as to make this research highly authentic and reliable.

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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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.

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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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