DUBLIN--(BUSINESS WIRE)--The "Global Isopropyl Alcohol (IPA) Market - Segmented By Application, End-user Industry, and Geography - Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global isopropyl alcohol (IPA) market is expected to register a CAGR of 3.10%, during the forecast period, 2018-2023.
The most important driver for the IPA market is the increasing use of cosmetic and personal care products, where IPA is used as a solvent. It is used for the purpose of dissolving other substances in cosmetics and personal care products. It is also used for decreasing the thickness of liquids and to reduce the tendency of finished products to generate foam when shaken.
As a solvent, isopropyl alcohol is used in cosmetic & personal care products. Coatings manufacturing and ink industry are other major end consumers in the market. In addition, IPA is also used as cleaning agents, owing to the miscible nature with non-polar solvents and water. It also evaporates quickly; leaves nearly zero oil traces, compared to ethanol, and are relatively non-toxic in comparison to alternative solvents.
Asia-Pacific is the major consumer as well as the largest producer of isopropyl alcohol, among regions that include North America, Asia-Pacific, Europe, South America, and the Middle East & Africa. The market is mainly driven by the strong presence of cosmetic & personal care sectors in the region.
- Ami Chemicals
- BASF SE
- Exxon Mobil Corporation
- JX Nippon Oil & Energy Corporation
- LCY GROUP
- LG Chem Ltd.
- Mitsui Chemicals Inc.
- Perrigo Company plc
- Royal Dutch Shell Plc.
- DowDuPont Inc.
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles
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