COVID-19 Impacts: Isopropyl Alcohol Market Will Accelerate at a CAGR of almost 4% through 2020-2024 | High Volume Consumption in Solvents to Boost Growth | Technavio

LONDON--(BUSINESS WIRE)-- Technavio has been monitoring the isopropyl alcohol market and it is poised to grow by 521.75 k Tons during 2020-2024, progressing at a CAGR of almost 4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact

Frequently Asked Questions-

  • At what CAGR is the market projected to grow in the forecast period 2020-2024?
  • Growing at a CAGR of almost 4%, the market growth will accelerate in the forecast period of 2020-2024.
  • What is the key factor driving the market?
  • High volume consumption in solvents is one of the key factors driving the market growth.
  • Who are the top players in the market?
  • Deepak Fertilisers and Petrochemicals Corp. Ltd., Dow Inc., Exxon Mobil Corp., Galaxy Surfactants Ltd., Honeywell International Inc., LG Electronics Inc., LyondellBasell Industries NV, Mitsui Chemicals Group, Royal Dutch Shell Plc, and Sasol Ltd. are some of the major market participants.
  • Which region is expected to hold the highest market share?
  • APAC
  • What is the major trend in the market?
  • Capacity expansions and installation of new plants is a major trend driving the growth of the market.
  • What is the year-over-year growth rate of the global market?
  • The year-over-year growth rate for 2020 is estimated at 2.62%.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Deepak Fertilisers and Petrochemicals Corp. Ltd., Dow Inc., Exxon Mobil Corp., Galaxy Surfactants Ltd., Honeywell International Inc., LG Electronics Inc., LyondellBasell Industries NV, Mitsui Chemicals Group, Royal Dutch Shell Plc, and Sasol Ltd. are some of the major market participants. The high volume consumption in solvents will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

High volume consumption in solvents has been instrumental in driving the growth of the market.

Isopropyl Alcohol Market 2020-2024: Segmentation

Isopropyl Alcohol Market is segmented as below:

  • Application
    • Solvents
    • Chemical Intermediates
    • Pharmaceuticals
    • Others
  • Geographic Landscape
    • APAC
    • Europe
    • MEA
    • North America
    • South America

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Isopropyl Alcohol Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our isopropyl alcohol market report covers the following areas:

  • Isopropyl Alcohol Market size
  • Isopropyl Alcohol Market trends
  • Isopropyl Alcohol Market analysis

This study identifies capacity expansions and the installation of new plants as one of the prime reasons driving the isopropyl alcohol market growth during the next few years.

Isopropyl Alcohol Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the isopropyl alcohol market, including some of the vendors such as Deepak Fertilisers and Petrochemicals Corp. Ltd., Dow Inc., Exxon Mobil Corp., Galaxy Surfactants Ltd., Honeywell International Inc., LG Electronics Inc., LyondellBasell Industries NV, Mitsui Chemicals Group, Royal Dutch Shell Plc, and Sasol Ltd. Backed with competitive intelligence and benchmarking, our research reports on the isopropyl alcohol market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Isopropyl Alcohol Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist isopropyl alcohol market growth during the next five years
  • Estimation of the isopropyl alcohol market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the isopropyl alcohol market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of isopropyl alcohol market vendors

Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Solvents - Market size and forecast 2019-2024
  • Chemical intermediates - Market size and forecast 2019-2024
  • Pharmaceuticals - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Application

Customer Landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Deepak Fertilisers and Petrochemicals Corp. Ltd.
  • Dow Inc.
  • Exxon Mobil Corp.
  • Galaxy Surfactants Ltd.
  • Honeywell International Inc.
  • LG Electronics Inc.
  • LyondellBasell Industries NV
  • Mitsui Chemicals Group
  • Royal Dutch Shell Plc
  • Sasol Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Source: Technavio Research

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