Isopropyl Alcohol Market Research Report - Forecast to 2023 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

Isopropyl Alcohol Market Research Report- Forecast to 2023 Isopropyl Alcohol (IPA) or Dimethyl Carbinol or Isopropanol also popularly known as Rubbing Alcohol offers a wide range of applications across industries. It is a common ingredient in antiseptics and disinfectants and hence extensively used in the medical/ Healthcare and laboratory sector. In chemical industry it is used as a solvent and a cleaning fluid and a disinfectant. Similarly, IPA is used in household industry for making detergents and as a cleaner by combining with N-propyl alcohol or ethyl alcohol. Besides, it is used in cleaning or washing automotive (vehicles) glass/windows/mirror especially, during the winter to de-ice it. Owing to the vast area of application IPA perceives a huge market demand drawing a huge market share. Acknowledging the kind of traction gained by this market, Market Research Future recently published a study report. According to the report, continuing with the same trends the Global IPA Market is projected to grow enormously by 2023 and garnering further prominence will register a phenomenal CAGR during 2017 to Other factors anticipated to contribute to the market growth predominantly include heavy investments transpired by the IPA manufacturers in to expansion plans. Taking a note from the constantly augmenting demand worldwide, manufacturers are aggressively investing to increase their production capacity. For instance; considering the growing annual demand for IPA in India and considering the potential demand; on Sep. 24, 2017, Deepak Fertilisers and Petrochemicals Corporation Ltd (India) announced its plan to invest 4.5 billion USD to expand the production capacity at its plant in Taloja, near Mumbai. On the other hand, IPA has some negative aspects that are limiting its market growth. Such as IPA causes respiratory irritation, internal bleeding and in some cases it has been reported to cause visual & hearing problems. Due to which healthcare sector has restricted its uses as an aesthetic. However, the versatile chemical has found some more areas of application acting as a fuel additives in gas dryer and in cleaning of brake oil fluid traces from hydraulic braking systems. Isopropyl Alcohol Market - Overview

Isopropyl Alcohol Market Research Report- Forecast to 2023 For the convenience of the report and enhanced understanding; MRFR analysis has segmented the market in to 3 key dynamics; By Production Methods: Comprises - Indirect Hydration, Direct Hydration and other. By Application: Automotive, Laboratory, Medical, Solvents and other. By Regions: North America, Europe, APAC and Rest of the World. Get PDF Brochure for more Professional & Technical Industry Segmental Analysis

Isopropyl Alcohol Market Research Report- Forecast to 2023 Regional Outlook North America is the biggest market for IPA followed by Europe whereas, Asia Pacific is emerging as a fastest growing market for IPA owing to the increasing automobile industries in this region. In addition, the growing hygiene awareness in Asia Pacific countries drive the market of Isopropyl Alcohol. The U.S., Europe, and Japan consists of major manufacturers of Isopropyl alcohol. Isopropyl alcohol does not have major side effects and hence there are no stringent rules against its use especially in North American and European countries. Which in turn is contributing to its market growth.

Isopropyl Alcohol Market Research Report- Forecast to 2023 Major Players in this Research Isopropyl Alcohol Market Prominent Players: DowDuPont (US) Royal Dutch Shell PLC (Netherlands) Jiangsu Denoir Technology Co. Ltd (China) Merck KGaA (Germany) Tokuyama Corporation (Japan) Mitsui Chemicals, Inc. (Japan) LG Chem (South Korea) Carboclor SA (Argentina) Isu Chemical Co., Ltd (South Korea) Deepak Fertilisers & Petrochemicals Corp. (India) Sisco Research Laboratories Pvt. Ltd (India) Get Free

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