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Isopropyl Alcohol Market Share

  • Report ID: GMI3789
  • Published Date: Jul 2020
  • Report Format: PDF

Isopropyl Alcohol Market Share

Global isopropyl alcohol industry is significantly fragmented, and the key players include

  • Dow Chemical
  • ExxonMobil
  • Shell
  • Kellin Chemical
  • LG Chem
  • LCY Chemical
  • Super Chemical
  • Galaxy Chemicals
  • LCY Chemical Corporation

 Industry players are also engaged in long term contracts with suppliers in an attempt to secure production line and capitalize on emerging hygiene trends in market sphere.

In April 2020, ExxonMobil increased production of raw materials for manufacturing medical supplies such as sanitizer liquid, face masks, and gowns. It has increased its manufacturing capability of specialized polypropylene by 1000 tons/month and increased the isopropyl alcohol production by 3000 tons/month. Production of isopropyl or rubbing alcohol will take place in Baton Rouge, U.S. This will help the company to improve its brand image, stakeholder & workplace morale, and also will expand it production capacities significantly.

Authors: Kunal Ahuja, Tushar Malkani

Frequently Asked Questions (FAQ) :

The isopropyl alcohol market is expected to register a valuation of $8 billion by 2026.

Cleaning agent’s application, poised to register 5% CAGR through 2026, will majorly push the market size, driven by robust adoption of high-quality cleaning agents in residential and commercial establishments.

Dow Chemical, Shell, LG Chem, INEOS, and ExxonMobil are some of the largest producers of isopropyl alcohol.

F&B sector expansion will help increase isopropyl alcohol demand, as the product is used to increase food shelf life and manufacture artificial flavors. F&B segment may exceed USD 120 million by 2026.

North America may depict extensive product demand powered by massive requirement for high quality disinfectants that are used to reduce viral outbreaks.

Isopropyl Alcohol Market Scope

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Premium Report Details

  • Base Year: 2019
  • Companies covered: 14
  • Tables & Figures: 218
  • Countries covered: 21
  • Pages: 230
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