Pune, Maharashtra -- (SBWire) -- 06/17/2019 --Prospects of the isopropanol market will remain modest, as the industry matures and witnesses confinements in innovations & developments. A recent Fact.MR report estimates nearly 3750 thousand tons of isopropanol to be sold worldwide by 2028-end. The report states that Isopropanol market in North America and Europe represents a consolidated landscape, while in Asia-Pacific excluding Japan (APEJ) the market is ruled by small and medium-sized enterprises. The report systematically represents an intensity-based presence of key players in the isopropanol market through a graph as illustrated below.
Isopropanol Market: Uptake of Electronic- & Pharmaceutical-Grade Variants
Isopropanol forms an integral ingredient in the production of rubbing alcohol, disinfecting pads, and hand sanitizer. The compound also serves as an efficacious skin soother, and pain reliever. Banking on these attributes of isopropanol, pharmaceutical companies highly seek its pharmaceutical-grade variant for use as a solvent during the production of pharmaceutical products that comprise 67-70% isopropanol in water. In addition, isopropanol observes robust adoption in the DNA extraction process during research & development activities of the pharmaceutical industry.
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Semiconductor- or electronic-grade isopropanol is sought-after for use as an exclusive cleaner and solvent in the industry. Demand for electronic-grade isopropanol has witnessed a significant surge, backed by the proliferation in semiconductor ICs and consumer electronics. Leading stakeholders are adopting capacity extension strategies to keep up with the rising demand. In 2017, Sumitomo Chemical commenced construction of new plant for production of high purity isopropanol in China.
Isopropanol Market: Price Fluctuations to Remain a Key Growth Deterrent
Isopropanol witnessed a notable rise in domestic and spot prices in first quarter of 2017, on account of increasing costs of feedstock propylene. Amid broadening demand-supply gap, major isopropanol manufacturers that include LyondellBasell, Monument, Shell, and ExxonMobil independently raised their isopropanol costs, and the trend continued in 2018, with these stakeholders announcing a price hike of 5 cents/lb. Isopropanol industry's future growth will be significantly affected from these price fluctuations. Additionally, growing crude oil costs driven by the prevailing oil crisis will continue to influence the expansion of the isopropanol market.
A key trend being observed in the isopropanol market is increasing use of the compound as a biofuel. Recent studies conducted to devise engineered synthetic pathways to produce isopropanol from microbes point at the potential of isopropanol's used as a biofuel to replace gasoline. In addition, isopropanol's production using lignocellulosic waste has represented a lucrative avenue for economically-viable manufacturing of the compound. The imminent era of green chemicals, which promotes adoption of bio-based chemicals, will significantly complement such biological production methods of isopropanol in the upcoming years.
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Table of Contents Covered in the report are:
Chapter 1 Executive Summary
1.1 Isopropanol Market- Opportunity Assessment
1.2 Mega Trends
Chapter 2 Global Isopropanol Market Overview
2.1 Introduction
2.2 Market Definition
2.3 Scope of the report
Chapter 3 Market Dynamics
3.1 Key Growth Drivers
3.2 Industry Challenges
3.3 Market Trends
3.4 Supply Chain
3.4.1 Trends in the Isopropanol Market Has Many Supply Chain Implications
3.5 Levels of Supply Chain Maturity
3.6 Isopropanol Production Capacity
3.7 Propylene Market Overview
3.7.1 Propylene Demand Growth
3.7.2 Capacity Additions: PDH and CTO Lead the On-Purpose Wave
3.7.3 Key Market Trends
3.8 Investment Feasibility Matrix
3.9 Trade Analysis
3.9.1 Region wise Trade Activity Outlook
3.10 PESTL Analysis
3.11 Porter's Analysis
3.12 Cost Structure
3.13 Product Lifecycle
3.14 Forecast Factors
3.15 Key Market Participants – Intensity Map Analysis
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Chapter 4 Global Isopropanol Market Analysis
4.1 Global Isopropanol Market Outlook
4.1.1 Market Value, Volume Forecast and Analysis
4.1.2 Price Index and Price Point Assessment
4.1.3 Regional Demand Assessment
4.1.3.1 Market Volume Share by Region
4.2 Global Isopropanol Market Analysis by Grade Type
4.2.1 Value, Volume and Forecast by Grade Type
4.2.2 Y-o-Y Growth Comparison by Grade Type
4.2.3 Market Attractiveness Analysis by Grade Type
4.2.4 Global Isopropanol Market Analysis by Technical Grade Type
4.3 Global Isopropanol Market Analysis by Manufacturing Process
4.3.1 Value, Volume and Forecast by Manufacturing Process
4.3.2 Y-o-Y Growth Comparison by Manufacturing Process
4.3.3 Market Attractiveness Analysis by Manufacturing Process
4.4 Global Isopropanol Market Analysis by Applications
4.4.1 Value, Volume and Forecast by Applications
4.4.2 Y-o-Y Growth Comparison by Applications
4.4.3 Market Attractiveness Analysis by Applications
4.5 Global Isopropanol Market Analysis by Primary Function
4.5.1 Value, Volume and Forecast by Primary Function
4.5.2 Y-o-Y Growth Comparison by Primary Function
4.5.3 Market Attractiveness Analysis by Primary Function
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Isopropanol Market Size, Share, Demand, Financial Overview, Key Developments, SWOT Analysis and Forecast to 2023
Fact.MR has announced the addition of the “ Isopropanol Market Forecast, Trend Analysis & Competition Tracking - Global Market insights 2018 to 2028"report to their offering.