The Global Isopropanol Market is Expected to Reach ~2,244 Thousand Tons by the End of 2023 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "The Global Isopropanol Market" report has been added to ResearchAndMarkets.com's offering.

According to a recently conducted research about the global isopropanol market, as an overall, it is projected to reach approximately 2,244 thousand tons by the end of 2023, increasing at a CAGR of around 1.4% per year in the period 2017-2023. The report focuses on both product and regional breakdown, offering a larger perspective on the market dynamics.

Although isopropanol is predominantly used as a solvent, the analysis considers the application of isopropanol across various industries. In particular, the largest share of isopropanol consumption is as solvent, which accounted for around 61% of the total in volume terms. Meanwhile, the chemical's application for isopropyl acetate has been growing with the highest rate of about 2.65% per year.

Regionally, the largest global isopropanol market was North East Asia, which accounted for about 20% of the total in volume terms. In comparison, the CIS countries were the smallest global isopropanol market during the analyzed period and are expected to remain such in the medium term.

Isopropanol is highly dependent on the development of end-use markets such as pharmaceutical, food and beverage manufacturing, paints and coatings, and others. The increasing demand from end-use industries has been encouraging large and entering manufacturers to invest in different growth strategies, including mergers and acquisitions, plant capacity optimization, periodical maintenance checks, turnarounds, and restarting capacity operations. Since IPA is widely used in paints and resins, demand usually increases as the summer construction season kicks off. In addition, low-grade IPA is used in motor oils, and the improved automotive sector has positively influenced demand for isopropanol.

Some of the main players on the isopropanol market are planning to open up additional production capacities in different regions. As a matter of fact, North East Asia is anticipated to witness the fastest-paced capacity increase in the medium term. As far as the balance between supply and demand is concerned, the market is forecast to remain in a state of oversupply in most of the upcoming years.

Companies Featured

• Sasol
• Novapex
• Ineos Solvents
• Azerkhimija
• Orsknefteorgsyntez
• Dow Chemical
• Equistar Chemicals
• ExxonMobil Chemical
• Shell Canada Ltd.
• Chang Chun Plastics
• Hi-Tech Spring Chem Ind
• Jiangsu Evergreen New Material Technolog
• Jiangsu Xinhua Chemical
• Kellin Chemical (Zhangjiagang)
• Petrochina Jinzhou Pc
• Shandong Dezhou Detain Chemical
• Shandong Yuhuang Chemical
• Taizhou Jianye Chemical
• Yancheng Super Chemical Corp
• Zhejiang Xinhua Chemical
• Zhuhai Long Success
• Zibo Nalcohol Chemical Co
• Jxtg Nippon Oil And Energy
• Mitsui Chemicals
• Tokuyama Corp.
• ISU Chemical
• LG Chemical
• SK Global Chemical
• Deepak Fertil. And Pc
• Shell Eastern Petrochem.
• Mitsui Chemicals
• Carboclor
• Rhodia

Key Topics Covered

1. Introduction

2. Executive Summary

3. Characteristics of Isopropanol

4. State of the Global Demographics and Economy

5. Overview and Analysis of the Global Isopropanol Market

6. Overview and Analysis of the Global Production of Isopropanol

7. Characteristics and Analysis of the Global Prices of Isopropanol

8. Overview and Analysis of the Global Imports of Isopropanol

9. Overview and Analysis of the Global Exports of Isopropanol

10. Balance Between Supply and Demand on the Global Isopropanol Market

For more information about this report visit https://www.researchandmarkets.com/research/v6d6tq/the_global?w=4