The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The isopropyl alcohol market has witnessed robust growth in recent years, with notable projections for the coming future. Understanding the factors driving this growth is essential for both investors and industry enthusiasts.

Market Growth Trajectory

• The market size surged from $4.5 billion in 2023 to $4.88 billion in 2024, marking a compound annual growth rate (CAGR) of 8.4%.
• Projections indicate further expansion to $6.96 billion by 2028, at a CAGR of 9.3%.

Key Drivers of Growth

• Industrial solvent use
• Disinfectant and sanitizer demand
• Chemical intermediate applications
• Cleaning applications
• Medical and healthcare uses

Forecast Period Insights

• Pandemic preparedness and crisis management
• Environmental concerns and sustainable practices
• Raw material availability and pricing
• Consumer health and safety concerns
• Global industrial growth

Read The Full Isopropyl Alcohol Market Report Here:
https://www.thebusinessresearchcompany.com/report/isopropyl-alcohol-global-market-report

Surge in Personal Care and Cosmetic Products
Fueling Market Growth
The rising demand for personal care and cosmetic products significantly contributes to the expansion of the isopropyl alcohol market. The following trends underscore this growth:

• Increasing usage of personal care and cosmetic products
• Integration of isopropyl alcohol in various formulations
• Consumer preferences for health and safety

Product Innovation: BASF’s New Standards
Driving Market Competitiveness
Product innovation remains a cornerstone for market players aiming to stay competitive. BASF SE’s recent introduction highlights this trend:

• Introduction of Ni 3354 E catalyst for efficient isopropyl alcohol production
• Enhanced productivity and selectivity in manufacturing processes

Integrated Recycling Industrial Chain

Strategic Acquisitions
Strategic acquisitions play a pivotal role in shaping the market landscape. The acquisition of Tianchen Chemical by Xinjiang Tianye signifies:

• Optimization of the recycling industrial chain
• Strengthening business structures for sustainable growth

Segmentation Insights

Understanding Market Diversity
The isopropyl alcohol market is segmented based on various parameters, including:

1. By Grade: 70% IPA, 90% IPA
2. By Production Method: Indirect Hydration, Direct Hydration
3. By Application: Antiseptic And Astringent, Cleaning Agent, Solvent, Chemical Intermediate, Other Applications
4. By End-Use: Cosmetics And Personal Care, Pharmaceutical, Food And Beverages, Paints And Coatings, Chemical, Other End-Uses

Regional Dynamics: Asia-Pacific Leading the Way

• Asia-Pacific emerged as the largest region in 2023 and is poised for rapid growth in the forecast period.
• The region’s dynamic industrial landscape and evolving consumer preferences contribute significantly to market expansion.

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 The Isopropyl Alcohol Global Market Report 2024  provides an overview of the isopropyl alcohol market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The isopropyl alcohol market forecast analyzes isopropyl alcohol market size, isopropyl alcohol market share, leading competitor and their market positions.

The Table Of Content For The Isopropyl Alcohol Market Include:
1. Isopropyl Alcohol Market Executive Summary
2. Isopropyl Alcohol Market Segments
3. Isopropyl Alcohol Market Size And Isopropyl Alcohol Market Growth Rate
4. Key Isopropyl Alcohol Market Trends
5. Major Isopropyl Alcohol Market Drivers
……
25. Key Mergers And Acquisitions In The Isopropyl Alcohol Market
26. Top Isopropyl Alcohol Companies
27. Isopropyl Alcohol Market Opportunities And Strategies
28. Isopropyl Alcohol Market, Conclusions And Recommendations
29. Appendix

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