[FURL=https://www.industryarc.com/Report/17886/isopropyl-alcohol-market.html]Isopropyl Alcohol Market[/FURL] size is forecast to reach $4.87 billion by 2025, after growing at a CAGR of 4.02% during 2020-2025. The growing demand for consumer products, pharmaceuticals, and household cleaning products based on isopropyl alcohol has driven manufacturers to expand production capacity. High volume consumption in solvents combined with capacity growth and new plants will drive growth on the market for isopropyl alcohol during the forecast period.Key Takeaways
The isopropyl alcohol industry is the biggest consumer for the chemical industry for Production of solvents, pigments, alcohol inks, detergents, and other intermediate products.
New investment in the chemical industry has been noted in Asia-Pacific, which is expected to increase the isopropyl alcohol market over the forecast period.
The expansion of the capacity and installation of new plants is a key market trend.
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Geography - Segment Analysis
APAC dominated the Isopropyl Alcohol Market with a share of more than 38%, followed by North America and Europe. Due, to the demand for personal care and cosmetics, driven primarily by the influence of the West, is growing strongly in the Asia-Pacific region. This leads to the increased use of cosmetics by women, increased awareness that it is possible to present due to the increased employment of women and the awareness of hygiene, which has increased the production of such products in the region.
Drivers – Isopropyl Alcohol Market
Increasing Usage in the automobile Sector
Isopropyl Alcohol are BASF SE, Royal Dutch Shell Plc., Exxon Mobil Corporation, Dow, and Lyondellbasell Industries Holdings B.V., among others.
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