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Isopropyl Alcohol Market Trends

  • Report ID: GMI3789
  • Published Date: Sep 2024
  • Report Format: PDF

Isopropyl Alcohol Market Trends

The market has experienced significant growth within the global healthcare sector. This rise is driven by its widespread use as a disinfectant and antiseptic, critical for maintaining hygiene and preventing infection in medical settings. The pandemic amplified demand for IPA due to its effectiveness in sanitizing surfaces and hands. As healthcare facilities continue to prioritize infection control and hygiene, the market for IPA is expected to remain strong. Additionally, advancements in pharmaceutical manufacturing and increased awareness of infection prevention are further propelling market growth. Key players are focusing on innovation and expanding production capacities to meet the rising demand. Regulatory support and a growing emphasis on cleanliness in healthcare environments are also influencing market trends. Overall, the IPA market is poised for sustained expansion, reflecting broader trends in global healthcare and hygiene practices.

Authors: Kiran Pulidindi , Manish Verma

Frequently Asked Questions (FAQ) :

Global market size for isopropyl alcohol achieved USD 6.3 billion in 2023 and will grow at 6.1% CAGR from 2024 to 2032, driven by changing perceptions on cleanliness, alongside increasing prevalence of bacterial outbreaks.

The isopropyl alcohol solvent segment will demonstrate a 5.6 % CAGR through 2032, driven by rapid adoption of high-quality cleaning agents at homes and commercial sites.

Asia Pacific isopropyl alcohol market is projected to achieve a CAGR of 7.2% from 2024 to 2032, driven by rapid demand for high quality disinfectants to reduce viral outbreaks and protect workforce.

Dow Chemical, ExxonMobil, Shell, INEOS, Kellin Chemical, LG Chem among others.

Isopropyl Alcohol Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 203
  • Countries covered: 21
  • Pages: 200
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