Isopropanol Market

Isopropanol Market Size by End-Use (Direct Solvent, Chemical Intermediate, Pharmaceutical Solvents, Pesticide Formulations, Chemical Reagents), Sales Channel (Online Retailing, Offline Retailing), Application, Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2024 to 2033

Base Year: 2023 Historical Data: 2020-22
  • Report ID: TBI-12510
  • Published Date: Aug, 2024
  • Pages: 235
  • Category: Chemicals & Materials
  • Format: PDF
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Global isopropanol market is expected to reach USD 6.95 billion by 2033, at a CAGR of 7.3% from 2024 to 2033. Global isopropanol market is witnessing a considerable growth owing to increasing demand for isopropanol across the various industries. Isopropyl alcohol, or isopropanol, shares similar physical and chemical properties with ethanol. It can dissolve completely in water and partially dissolve in organic solvents. Its various applications include its use as a solvent for processes, an intermediate substance, or a cleansing agent in significant end-user industries like pharmaceuticals and cosmetics, among others. It has gained fame due to its common use as a disinfectant; hospitals, pharmacies, clean rooms, and electronics manufacturing organizations depend on it because of this attribute. When coupled with 60% -90% alcoholic concentration blended alongside purified water volume ranging from 10-40%, Isopropyl alcohol effectively eliminates bacteria, fungi and viruses.

Market Overview:

Isopropanol also called as Isopropyl alcohol is a colourless, non-corrosive, and limpid liquid with a pleasant smell. It is miscible with common organic solvents (including chlorinated solvents) including alcohol, water, and most organic solvents. It also dissolves substances such as natural resins, oils and gums, cellulose, and alkaloids. These characteristics allow its use for a variety of applications. It is often used as the solvent in some antifreeze and windshield wiper fluid as well as rubbing alcohol. Most rubbing alcohol contains 70% isopropanol. It is used in the regular household items such as cleaners, disinfectants, and hand sanitizers. Further, it has various application in the pharmaceutical industry. Antiseptic solutions containing povidone-iodine, isopropanol, and/or chlorhexidinegluconate are most commonly used for patient skin preparation. Isopropanol is also a volatile liquid, so when its container is left open, it evaporatesquickly. 

Isopropanol (or isopropyl alcohol) can also be found in glass cleaners, antifreeze, deicers, jewellery cleaner, stain removers, household disinfectants, and hand sanitizers. In various industries, it is used as an inexpensive solvent for drugs, cosmetics, shellacs, and gums, as well as for denaturing ethanol (ethyl alcohol). When it added to wet gas, it helps to prevent freezing and separation of a water layer. Isopropanol is easily oxidized to acetone, which is also one of the vital solvent. As isopropanol is widely used in paints and resins, demand usually increases as the summer construction season. In addition, low-grade isopropanol is used in motor oils, and the improved automotive sector has positively influenced the demand for isopropanol. Clinical symptoms of isopropanol ranges from clinical intoxication to profound obtundation. End-use markets such as food and beverage manufacturing, pharmaceutical, paints and coatings are highly dependent on the isopropanol, and, thus, the demand is likely to increase over the forecast period. 

Isopropanol Market Size

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Market Dynamics:

Drivers
  • Growing demand for household and personal care industry 

Isopropanol market is primarily driven by the growing demand for the household & personal care products across the globe. Currently, personal care and household industry are experiencing rapid growth because of increasing population globally and lifestyles changing in many countries. Isopropanol is used as a solvent in household and personal care products, in diverse applications, due to its low cost and easy availability. It is used in the regular household items such as cleaners, disinfectants, and hand sanitizers. 

  • Increasing demand for isopropanol in the paints and coatings industry 

Isopropanol can be found in thinners for wood furnishings, paints, and inks. In the paints and coatings, isopropanol is mainly used as an inert solvent to reduce the flammability of coatings during transportation and storage. In inks, isopropanol is primarily used as an additive and thinner of water-based paints. Thus, rising construction activities across the globe, boosting the demand for paints and coating, which results in growth of isopropanol market. 

Restraints:
  • High price fluctuation

Broad gap in the demand and supply of isopropanol has resulted in the high price fluctuations, hampering the growth of isopropanol market over the forecast period. Due to this, many key vendors such as BASF SE, Royal Dutch Shell PLC, and Exxon Mobil Corporation have risen the prices for isopropanol. Thus, hike in the isopropanol prices, likely to hamper the growth of the market. 

Opportunities:
  • Increasing use of isopropanol as a biofuel 

Isopropanol is one of the vital alcohols, which can be produced by microbes and used as a biofuel to partially replace gasoline. In addition, isopropanol’s production using lignocellulosicwaste has represented a lucrative opportunity for economically-viable manufacturing of the compound. The next era of green chemicals, which promotes adoption of bio-based chemicals, will significantly complement such biological production methods of isopropanol in the upcoming years.

Challenges:
  • Stringent regulations on volatile organic compounds’ (VOC) emission

Volatile

Segmentation Analysis:

The global isopropanol market has been segmented based on end-use, sales channel, application, and regions.

  • The end-use segment is divided into direct solvent, chemical intermediate, pharmaceutical solvents, pesticide formulations, chemical reagents, and others. The direct solvent segment accounted for the major market share of 44% in 2023. In the industries such as paints & coatings and cosmetics, isopropanol is one of essential chemical. Thus, the growth in these industries, owing to the rising construction, and beauty care industries is expected to drive the demand for isopropanol.
  • The sales channel segment includes online retailing and offline retailing. The online retailing is expected to register a CAGR of around 7.7% in the market during the forecast period. Increasing online retailing business for the various chemicals is one of the key factor driving the growth of the market. In addition to this, the emerging countries are offering new growth opportunities, where the offline chemical vendors are not available. Furthermore, the minimum interest of suppliers and dealers of isopropanol in the supply chain, driving the growth of online channels.
  • The application segment includes medical use, paints and coatings, household & personal care, and others. The medical use segment held the major market share of 35.4% in 2023. It is widely used as a disinfectant, which prevents the growth of the bacteria on the skin. Isopropanol also used on the skin, to help prevent bacterial skin infections from scrapes and cuts. Isopropanol is used in the healthcare industry to prevent disease that may be caused by needle punctures. Thus, increasing usage of isopropanol in hand sanitizer and disinfecting pads, which typically contain a 60–70% solution of isopropanol in water, driving the growth of the market.
Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and the Middle East and Africa. The Asia Pacific region emerged as the largest market for the isopropanol market, with a 34.8% share of the market revenue in 2023.

Asia Pacific Isopropanol Market Share in 2023- 34.8%

 

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  • This is mainly due to increasing demand isopropanol in the medical use and in the textile industry. In addition to this, emerging countries such as India and China have high growth prospects in the global isopropanol market, over the forecast period. The isopropanol has a high demand for the use in household & personal care products market coupled with the massive demand in the intermediate chemical formulation.
  • North America is growing at the steady growth in the global isopropanol market, due to increasing demand for isopropanol in the pharmaceutical industry. Rapid influx of several products such as hand sanitizers, oral mouthwash, alcohol wipes and swabs, and eardrops has fuelled the demand for isopropanol in the region. Rising consumer health awareness of the antibacterial and antiseptic benefits of isopropanol will continue to spur the application in the upcoming years. U.S. holds a significant market share among other countries in the North America region. 
Competitive Analysis:

The key players are now concentrating on implementing strategies such as adopting new technology, product innovations, mergers & acquisitions, joint venture, alliances and partnerships to improve their market position in the global isopropanol industry.

In July 2019, BASF SE announced that the company had received new Isopropanol-azole fungicide with a unique mode of action, to Australian farmers, that provides fast-acting and long-lasting disease control for a broad range of crops and disease combinations.

In May 2018, OXEA GmbH announced the plan to build new world-scale propanol production unit at its Bay City site in Texas, USA, with a capacity of 100 k mt per annum of n-propanol, Propanol 2 is currently one of Oxea’s most significant investment projects.

List of Key Market Players:
  • BASF SE
  • Royal Dutch Shell PLC
  • Exxon Mobil Corporation
  • Tokuyama Corporation
  • LCY Chemical Corp.
  • OXEA GmbH
  • JXTG Holdings, Inc.
  • LG Chem Ltd.
  • Sasol Limited
  • ISU Chemical
Key Target Audience
  • Drug Manufacture
  • Pharmaceutical Companies
  • Government Authorities and R&D Institutions
  • Consulting And Research Firm
  • Raw Material Suppliers
  • Potential investors

Report Description:

  • Global Isopropanol Market, Industry Analysis, Trends, Analysis and Forecast, 2024 to 2033 is a forthcoming/imminent research report which is to be published by The Brainy Insights.
  • 2023 is considered as the base year of the report. 2020, 2021 and 2022 are considered as the historic years and 2024 to 2033 are the forecast years. The global isopropanol market is based on revenue (USD Million/Billion), volume (Kilotons), and price. The report incorporates the market study on the basis of revenue and volume. The study covers the market share revenue/market share/volume for each of the segments, regions and countries catering to global isopropanol market. The regions analyzed for the market are Europe, Asia Pacific, North America, South America and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
  • The report encompasses with the relative data & information, which have been validated by the leading industry professionals and experts all across the globe. The research report also delivers an outline of the attractiveness of isopropanol and regions which are deduced and formulated on the basis of their growth rate (CAGR), market size, and attractiveness by analyzing the present and future prospects to market growth and development in future.
  • The report illustrates the detailed (both quantitative and qualitative) analysis of historical data, revenues, key developments, along with the crucial strategies adopted by key organizations catering to global isopropanol market. This offers vital and in depth insights in order to depict the overall market scenario.
  • The report offers the detailed study for the company profiles of key organizations operating in the global isopropanol market and a comparative assessment based on their product offering, business overviews, geographic presence, business strategies, segment market share, product development &innovations, recent developments, joint venture, partnerships, mergers & acquisitions, strategic alliances, SWOT analysis, and key financial information. This helps in evaluating the overall competition present in the market scenario. 
  • The report provides an elaborative assessment of the porter’s five forces analysis coupled with SWOT analysis so as to provide business related data and information’s. Porter’s five forces model is analyzed to understand the overall competitive scenario that is prevailing in the market. Additionally, the SWOT analysis identifies both the positive and negative attributes of the market development which influences the company growth and development in order to sustain and survive in the long run.
  • Along with that, the report also focuses on the market related driving factors, growth limitations (restraints), potential industry opportunities, significant trends and development which act as a key potential for the investors. 
  • Potential growth prospects along with the penetration rate analysis of the products (market related i.e., global isopropanol market is covered in order to comprehend the adoption rate and evaluate the market size.

Frequesntly Asked Questions

As per The Brainy Insights, the size of the isopropanol market was valued at USD 3.43 billion in 2023 and is anticipated to reach USD 6.95 billion by 2033.

Global isopropanol market is growing at a CAGR of 7.3% during the forecast period 2024-2033.

The global isopropanol market has been segmented based on end use, sales channel, application, and regions. The direct solvent segment named as the leading segment in isopropanol market.

The Asia Pacific region emerged as the largest market for the isopropanol market.

Growing demand for household and personal care industry is the key driving factor for the isopropanol market. Increasing demand for isopropanol in the paints and coatings industry is also driving this market.

High price fluctuation may hamper the market growth.

Increasing use of isopropanol as a biofuel will provide huge opportunities to the market.

Key players are BASF SE, Royal Dutch Shell PLC, Exxon Mobil Corporation, Tokuyama Corporation, LCY Chemical Corp., OXEA GmbH

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By End Use
          4.3.2. Market Attractiveness Analysis By Sales Channel
          4.3.3. Market Attractiveness Analysis By Application
          4.3.4. Market Attractiveness Analysis By Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Growing demand for household and personal care industry
          5.2.2. Increasing demand for isopropanol in the paints and coatings industry
    5.3. Restrains
          5.3.1. High price fluctuation
    5.4. Opportunities
          5.4.1. Increasing use of isopropanol as a biofuel
    5.5. Challenges
          5.5.1. Stringent Volatile organic compounds’ (VOC) emission norms in European and North American region

6. Global Isopropanol Market Analysis and Forecast, By End Use
    6.1. Segment Overview
    6.2. Direct Solvent
    6.3. Chemical Intermediate
    6.4. Pharmaceutical Solvents
    6.5. Pesticide Formulations
    6.6. Chemical Reagents
    6.7. Others

7. Global Isopropanol Market Analysis and Forecast, By Sales Channel
    7.1. Segment Overview
    7.2. Online Retailing
    7.3. Offline Retailing

8. Global Isopropanol Market Analysis and Forecast, By Application
    8.1. Segment Overview
    8.2. Medical Use
    8.3. Paints And Coatings
    8.4. Household & Personal Care
    8.5. Others

9. Global Isopropanol Market Analysis and Forecast, By Regional Analysis
    9.1. Segment Overview
    9.2. North America
          9.2.1. U.S.
          9.2.2. Canada
          9.2.3. Mexico
    9.3. Europe
          9.3.1. Germany
          9.3.2. France
          9.3.3. U.K.
          9.3.4. Italy
          9.3.5. Spain
    9.4. Asia-Pacific
          9.4.1. Japan
          9.4.2. China
          9.4.3. India
    9.5. South America
          9.5.1. Brazil
    9.6. Middle East and Africa
          9.6.1. UAE
          9.6.2. South Africa

10. Global Isopropanol Market-Competitive Landscape
    10.1. Overview
    10.2. Market Share of Key Players in the Isopropanol Market
          10.2.1. Global Company Market Share
          10.2.2. North America Company Market Share
          10.2.3. Europe Company Market Share
          10.2.4. APAC Company Market Share
    10.3. Competitive Situations and Trends
          10.3.1. Product Launches and Developments
          10.3.2. Partnerships, Collaborations, and Agreements
          10.3.3. Mergers & Acquisitions
          10.3.4. Expansions

11. Company Profiles
    11.1. BASF SE
          11.1.1. Business Overview
          11.1.2. Company Snapshot
          11.1.3. Company Market Share Analysis
          11.1.4. Company Product Portfolio
          11.1.5. Recent Developments
          11.1.6. SWOT Analysis
    11.2. Royal Dutch Shell PLC
          11.2.1. Business Overview
          11.2.2. Company Snapshot
          11.2.3. Company Market Share Analysis
          11.2.4. Company Product Portfolio
          11.2.5. Recent Developments
          11.2.6. SWOT Analysis
    11.3. Exxon Mobil Corporation
          11.3.1. Business Overview
          11.3.2. Company Snapshot
          11.3.3. Company Market Share Analysis
          11.3.4. Company Product Portfolio
          11.3.5. Recent Developments
          11.3.6. SWOT Analysis
    11.4. Tokuyama Corporation
          11.4.1. Business Overview
          11.4.2. Company Snapshot
          11.4.3. Company Market Share Analysis
          11.4.4. Company Product Portfolio
          11.4.5. Recent Developments
          11.4.6. SWOT Analysis
    11.5. LCY Chemical Corp.
          11.5.1. Business Overview
          11.5.2. Company Snapshot
          11.5.3. Company Market Share Analysis
          11.5.4. Company Product Portfolio
          11.5.5. Recent Developments
          11.5.6. SWOT Analysis
    11.6. OXEA GmbH
          11.6.1. Business Overview
          11.6.2. Company Snapshot
          11.6.3. Company Market Share Analysis
          11.6.4. Company Product Portfolio
          11.6.5. Recent Developments
          11.6.6. SWOT Analysis
    11.7. JXTG Holdings, Inc.
          11.7.1. Business Overview
          11.7.2. Company Snapshot
          11.7.3. Company Market Share Analysis
          11.7.4. Company Product Portfolio
          11.7.5. Recent Developments
          11.7.6. SWOT Analysis
    11.8. LG Chem Ltd.
          11.8.1. Business Overview
          11.8.2. Company Snapshot
          11.8.3. Company Market Share Analysis
          11.8.4. Company Product Portfolio
          11.8.5. Recent Developments
          11.8.6. SWOT Analysis
    11.9. Sasol Limited
          11.9.1. Business Overview
          11.9.2. Company Snapshot
          11.9.3. Company Market Share Analysis
          11.9.4. Company Product Portfolio
          11.9.5. Recent Developments
          11.9.6. SWOT Analysis
    11.10. ISU Chemical
          11.10.1. Business Overview
          11.10.2. Company Snapshot
          11.10.3. Company Market Share Analysis
          11.10.4. Company Product Portfolio
          11.10.5. Recent Developments
          11.10.6. SWOT Analysis

List of Table

1. Global Isopropanol Market, By End Use, 2020–2033 (USD Billion) (Kilotons) 

2. Global Direct Solvent Isopropanol Market, By Region, 2020–2033 (USD Billion) (Kilotons) 

3. Global Chemical Intermediate Isopropanol Market, By Region, 2020–2033 (USD Billion) (Kilotons) 

4. Global Pharmaceutical Solvents Isopropanol Market, By Region, 2020–2033 (USD Billion) (Kilotons) 

5. Global Pesticide Formulations Isopropanol Market, By Region, 2020–2033 (USD Billion) (Kilotons) 

6. Global Chemical Reagents Isopropanol Market, By Region, 2020–2033 (USD Billion) (Kilotons) 

7. Global Others Isopropanol Market, By Region, 2017–2027 (USD Billion) (Kilotons)

8. Global Isopropanol Market, By Sales Channel, 2020–2033 (USD Billion) (Kilotons) 

9. Global Online Retailing, Isopropanol Market, By Region, 2020–2033 (USD Billion) (Kilotons) 

10. Global Offline Retailing, Isopropanol Market, By Region, 2020–2033 (USD Billion) (Kilotons) 

11. Global Isopropanol Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

12. Global Medical Use Isopropanol Market, By Region, 2020–2033 (USD Billion) (Kilotons) 

13. Global Paints and Coatings Isopropanol Market, By Region, 2020–2033 (USD Billion) (Kilotons) 

14. Global Household & Personal Care Isopropanol Market, By Region, 2020–2033 (USD Billion) (Kilotons) 

15. Global Others Isopropanol Market, By Region, 2020–2033 (USD Billion) (Kilotons) 

16. Global Isopropanol Market, By Region, 2020–2033 (USD Billion) (Kilotons)  

17. Global Isopropanol Market, By North America, 2020–2033 (USD Billion) (Kilotons) 

18. North America Isopropanol Market, By End Use, 2020–2033 (USD Billion) (Kilotons) 

19. North America Isopropanol Market, By Sales Channel, 2020–2033 (USD Billion) (Kilotons) 

20. North America Isopropanol Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

21. U.S. Isopropanol Market, By End Use, 2020–2033 (USD Billion) (Kilotons) 

22. U.S. Isopropanol Market, By Sales Channel, 2020–2033 (USD Billion) (Kilotons) 

23. U.S. Isopropanol Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

24. Canada Isopropanol Market, By End Use, 2020–2033 (USD Billion) (Kilotons) 

25. Canada Isopropanol Market, By Sales Channel, 2020–2033 (USD Billion) (Kilotons) 

26. Canada Isopropanol Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

27. Mexico Isopropanol Market, By End Use, 2020–2033 (USD Billion) (Kilotons) 

28. Mexico Isopropanol Market, By Sales Channel, 2020–2033 (USD Billion) (Kilotons) 

29. Mexico Isopropanol Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

30. Europe Isopropanol Market, By End Use, 2020–2033 (USD Billion) (Kilotons) 

31. Europe Isopropanol Market, By Sales Channel, 2020–2033 (USD Billion) (Kilotons) 

32. Europe Isopropanol Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

33. Germany Isopropanol Market, By End Use, 2020–2033 (USD Billion) (Kilotons) 

34. Germany Isopropanol Market, By Sales Channel, 2020–2033 (USD Billion) (Kilotons) 

35. Germany Isopropanol Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

36. France Isopropanol Market, By End Use, 2020–2033 (USD Billion) (Kilotons) 

37. France Isopropanol Market, By Sales Channel, 2020–2033 (USD Billion) (Kilotons) 

38. France Isopropanol Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

39. U.K. Isopropanol Market, By End Use, 2020–2033 (USD Billion) (Kilotons) 

40. U.K. Isopropanol Market, By Sales Channel, 2020–2033 (USD Billion) (Kilotons) 

41. U.K. Isopropanol Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

42. Italy Isopropanol Market, By End Use, 2020–2033 (USD Billion) (Kilotons) 

43. Italy Isopropanol Market, By Sales Channel, 2020–2033 (USD Billion) (Kilotons) 

44. Italy Isopropanol Market, By Application, 2016–2026 (USD Million)(Kilotons)

45. Spain Isopropanol Market, By End Use, 2020–2033 (USD Billion) (Kilotons) 

46. Spain Isopropanol Market, By Sales Channel, 2020–2033 (USD Billion) (Kilotons) 

47. Spain Isopropanol Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

48. Asia Pacific Isopropanol Market, By End Use, 2020–2033 (USD Billion) (Kilotons) 

49. Asia Pacific Isopropanol Market, By Sales Channel, 2020–2033 (USD Billion) (Kilotons) 

50. Asia Pacific Isopropanol Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

51. Japan Isopropanol Market, By End Use, 2020–2033 (USD Billion) (Kilotons) 

52. Japan Isopropanol Market, By Sales Channel, 2020–2033 (USD Billion) (Kilotons) 

53. Japan Isopropanol Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

54. China Isopropanol Market, By End Use, 2020–2033 (USD Billion) (Kilotons) 

55. China Isopropanol Market, By Sales Channel, 2020–2033 (USD Billion) (Kilotons) 

56. China Isopropanol Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

57. India Isopropanol Market, By End Use, 2020–2033 (USD Billion) (Kilotons) 

58. India Isopropanol Market, By Sales Channel, 2020–2033 (USD Billion) (Kilotons) 

59. India Isopropanol Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

60. South America Isopropanol Market, By End Use, 2020–2033 (USD Billion) (Kilotons) 

61. South America Isopropanol Market, By Sales Channel, 2020–2033 (USD Billion) (Kilotons) 

62. South America Isopropanol Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

63. Brazil Isopropanol Market, By End Use, 2020–2033 (USD Billion) (Kilotons) 

64. Brazil Isopropanol Market, By Sales Channel, 2020–2033 (USD Billion) (Kilotons) 

65. Brazil Isopropanol Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

66. Middle East and Africa Isopropanol Market, By End Use, 2020–2033 (USD Billion) (Kilotons) 

67. Middle East and Africa Isopropanol Market, By Sales Channel, 2020–2033 (USD Billion) (Kilotons) 

68. Middle East and Africa Isopropanol Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

69. UAE Isopropanol Market, By End Use, 2020–2033 (USD Billion) (Kilotons) 

70. UAE Isopropanol Market, By Sales Channel, 2020–2033 (USD Billion) (Kilotons) 

71. UAE Isopropanol Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

72. South Africa Isopropanol Market, By End Use, 2020–2033 (USD Billion) (Kilotons) 

73. South Africa Isopropanol Market, By Sales Channel, 2020–2033 (USD Billion) (Kilotons) 

74. South Africa Isopropanol Market, By Application, 2020–2033 (USD Billion) (Kilotons) 

List of Figures 

1. Global Isopropanol Market Segmentation

2. Isopropanol Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Isopropanol Market Attractiveness Analysis By End Use

9. Global Isopropanol Market Attractiveness Analysis By Sales Channel

10. Global Isopropanol Market Attractiveness Analysis By Application

11. Global Isopropanol Market Attractiveness Analysis By Region

12. Global Isopropanol Market: Dynamics

13. Global Isopropanol Market Share By End Use (2023 & 2033)

14. Global Isopropanol Market Share By Sales Channel (2023 & 2033)

15. Global Isopropanol Market Share by Application (2023 & 2033)

16. Global Isopropanol Market Share by Regions (2023 & 2033)

17. Global Isopropanol Market Share by Company (2023)

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global isopropanol market on the basis of below mentioned segments:

Global Isopropanol Market by End Use:

  • Direct Solvent
  • Chemical Intermediate
  • Pharmaceutical Solvents
  • Pesticide Formulations
  • Chemical Reagents
  • Others

Global Isopropanol Market by Sales Channel

  • Online Retailing
  • Offline Retailing

Global Isopropanol Market by Application:

  • Medical Use
  • Paints And Coatings
  • Household & Personal Care
  • Others

Global Isopropanol Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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