DUBLIN – (COMMERCIAL THREAD) – “Global Isopropyl Alcohol (API) Market Outlook to 2026” report has been added to ResearchAndMarkets.com offer.
A wide range of isopropyl alcohol applications include processing solvents, intermediates, cleaning agents in major end user industries, such as chemicals, pharmaceuticals, personal care and cosmetics, among others.
The isopropyl alcohol industry spans the world, with a total production capacity of 2.4 million tons in 2018. Isopropyl alcohol production is highly concentrated in Asia Pacific, North America and Western Europe, representing around 95% of global capacity in the year 2018.
The global isopropyl alcohol market is expected to witness a considerable growth rate during the forecast period. The major factors driving the isopropyl alcohol market include the remarkable increase in the use of disinfectants across the world due to the COVID-19 pandemic and as the top choice among cleaning solvents due to the absence of added impurities.
Isopropyl alcohol is the most common and widely used disinfectant in hospitals, pharmaceuticals, clean rooms, electronics manufacturing, and medical device manufacturing. Isopropyl alcohol is quickly antimicrobial against fungi, viruses and bacteria in solutions of 60% to 90% alcohol with 10 to 40% purified water.
With the COVID-19 pandemic epidemic, the consumption of disinfectants has increased worldwide, driving the isopropyl alcohol market. IPA can be used as a compound disinfectant in place of ethanol, which has been favored by many countries. It is also easier to obtain isopropyl alcohol in many countries.
Isopropyl alcohol is used in the production of hand sanitizers, rubbing alcohol, and alcohol wipes. There has been a big gap between the supply and demand for isopropyl alcohol in recent times. Manufacturers are using their full-time capacity to supply isopropyl alcohol, but are running out of alcohol due to ever-increasing demand and restrictions on the movement of goods.
The Centers for Disease Control and Prevention (CDC) recommends using 70% isopropyl alcohol hand sanitizer in healthcare facilities to control the spread of COVID-19. To meet the continuing increase in demand for disinfectants, a temporary Food and Drug Administration (FDA) policy allows isopropyl alcohol to be used as an active ingredient in the manufacture of Alcohol-based Hand Rub (ABHR). ) by local entities that are not registered with the FDA to manufacture drugs.
Companies are setting up new facilities to increase production to meet demand. For example, Exxon Mobil Corporation began producing medical grade hand sanitizer in Houston. The company will initially produce 160,000 gallons of hand sanitizer for donation to medical providers and first responders in Louisiana, New Jersey, New Mexico, New York, Pennsylvania and Texas.
China is one of the major producers of isopropyl alcohol in the world. With the outbreak of the COVID-19 pandemic, the price of isopropyl alcohol at home and abroad has undergone a remarkable change. In February 2020, due to the poor quality of transport and the delay of downstream domestic projects in the country, isopropyl alcohol remained stable.
For the production of disinfectants, ethanol was the preferred ingredient due to its lower cost and long long use across the country. However, with the epidemic spreading overseas and the growing demand for disinfectants, isopropyl alcohol has undergone enormous changes.
Some of the major players in the global market are Royal Dutch Shell, ExxonMobil Corporation, Dow Chemical Company and Sasol Limited among others. Companies in the market are focusing on capacity additions due to the increasing demand for isopropyl alcohol in the disinfectant market.
Main topics covered:
2. Scope and methodology of the research
2.1 Aim and objective of the study
2.2 Market definition
2.3 Information on the study
2.4 General hypotheses of the study
2.5 Research phases
3. Market analysis
3.2 Market dynamics
3.3 Market trends and developments
3.4 Market opportunities
3.5 Raw material analysis
3.6 Business scenario
3.7 Price trend analysis
3.8 Supply scenario
3.6 Regulatory policies
3.10 Analysis of the impact of COVID-19
4. Industry analysis
4.1 Supply chain analysis
4.2 Porter’s five forces analysis
5. Market segmentation and forecast
5.1 By level
5.1.1 Industrial grade
5.1.2 Pharmaceutical grade
5.1.3 Cosmetic quality
5.1.4 Electronic filing
5.1.5 Other qualities
5.2 End use
5.2.2 Personal and cosmetic care
5.2.3 Paints and coatings
5.2.4 Food and drink
6. Regional market analysis
6.1 North America
6.1.1 United States
6.2.1 United Kingdom
6.2.6 Nordic countries
6.2.7 Rest of Europe
6.3.4 South Korea
6.3.5 ASEAN countries
6.3.6 Rest of Asia-Pacific
6.4 South America
6.4.3 Rest of South America
6.5 Middle East and Africa
6.5.1 South Africa
6.5.2 Saudi Arabia
7. Key company profiles
7.1 Dutch royal shell
7.2 Dow Chemical Company
7.3 Linde Plc
7.4 Ecolab inc.
7.5 LG Chem Ltd.
7.6 Mitsui Chemicals, Inc.
7.7 Exxon Mobil Company
7.8 Deepak Fertilizers and Petrochemicals Corporation Limited
7.9 PetroChina International Co., Ltd
7.10 JXTG Nippon Oil & Energy Corporation
7.11 Perrigo Company Plc
7.12 Sasol Limited
8. Competitive landscape
8.1 List of notable players in the market
8.2 Mergers and acquisitions, joint ventures and agreements
8.3 Market share analysis
8.4 Strategies of key actors
9. Conclusions and recommendations
For more information on this report, visit https://www.researchandmarkets.com/r/61tyoz