Renub Research

Isopropyl Alcohol Market will reach close to US$ 6 Billion by the year 2024

Press Release   •   Jan 18, 2018 04:16 EST

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By the year 2024, Global Isopropyl Alcohol Market is projected to reach close to US$ 6 Billion. The demand of Isopropyl Alcohol is growing day by day and to meet this skyrocketing demand of Isopropyl Alcohol globally; manufacturers are aggressively investing to boost their production capacity.

When we see the word Isopropyl Alcohol all of us will resemble it to Alcohol. It is an Alcohol but its use and usages are different in households to Industries. So let’s check it out...

What is an Isopropyl Alcohol?

Isopropyl Alcohol is a colorless liquid with a sharp, musty odor. It is used in making cosmetics, skin and hair products, perfumes, pharmaceuticals, lacquers, dyes, cleaners, antifreezes and other chemicals. Isopropyl Alcohol is used to create many other compounds such as ketene, methyl methacrylate, bisphenol A, diacetone alcohol mesityl oxide, methyl isobutyl ketone, hexylene glycol (2-methyl-2, 4-pentanediol) and isophorone.

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Renub Research studies the Isopropyl Alcohol market in two prospects by its Application (Direct Solvent, Household, Cosmetics and Personal Care, Chemical Intermediate, Acetone, Pharmaceuticals, and Others) and by Region (North America, Western Europe, Central and South America, North Asia, South Asia and Oceanic, Africa and Middle East) as well as key players of this industry.

Isopropyl liquor is delivered from either the direct reactant diminishment of acetone or circuitous hydration of propene. Isopropyl Alcohol is used to make many other compounds, such as isopropyl amines, isopropyl esters, and derivative ketones among others. Even though isopropanol is mostly used as a solvent, it is also used during the manufacturing of beer as agent in coolant and as a polymerization modifier during the production of polyvinyl fluoride.

Moreover, Isopropyl Alcohol is used in different sectors in numerous ways here are some of the examples of some industries and its uses...

Use of Isopropyl Alcohol let’s take a example of Car windows frost & iced in winter & its use in Automobile Industry

Isopropyl Alcohol also known as Dimethyl Carbinol or Isopropanol is widely used in cleaning or washing Automotive (Four Wheeler) Glass/windows/Mirror especially, during the winter, when Car/Automobile windows accumulate frost and ice. To get rid of this, Isopropyl Alcohol is used in aerosol cans and with which the affected areas are sprayed. Simply washing the windows with rubbing alcohol can also de-ice these windows. Owing to this aspect there is a high demand for Isopropyl Alcohol in Automobile industry.

Use of Isopropyl Alcohol in Healthcare & Laboratory

The Isopropyl Alcohol finds its application mainly as a solvent, a cleaning fluid and a disinfectant. It is also widely used in the Healthcare/ medical and laboratory etc. Isopropyl Alcohol also has some negative aspects such as respiratory irritation; internal bleeding and it also caused some Visual & hearing problems due to which it is no more used as an aesthetic. Isopropyl Alcohol is a vital component in gas dryer as fuel additives. It is also used in cleaning of brake oil fluid traces from hydraulic braking systems. Isopropyl Alcohol is toxic to some extent and acts as a central nervous system tranquillizer. Inhaling, ingesting or even absorption of Isopropyl Alcohol could be fatal or poisonous. Thus, adequate ventilation is ensured before its application.

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Though, it is not as toxic as methyl alcohol. Apart from its uses as a sanitizer and a cleaner, Isopropyl Alcohol is also widely used in personal care or cosmetic products such as Perfumes, Nail paint remover, skin cleaners, deodorants, permanent wave lotions etc.

North America & Asia Pacific led the Isopropyl Market globally

According to Renub Research report, The Isopropyl Alcohol market is mostly dominated by North America and Asia-Pacific. While on the basis of Consumption, North America is having the maximum consumption share compared to all the regions (Middle East (GCC) North America, Central and South America, Western Europe, South Asia and Oceanic, North Asia, Africa,) studied in this report.

Key Participants in Isopropyl Alcohol Market globally

Some of the key participants in the global Isopropyl Alcohol market include Dow Chemicals, LG Chem, Carboclor, ISU Chemicals and Mitsui Chemicals Inc.

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