Isopropanol has gained a significant industrial imperativeness as a solvent, on account of its compatibility with most of the water-based solvents. This property of isopropanol has further augmented its demand in the cosmetic industry, driven by growing use of personal care products and cosmetics. Virucidal, bactericidal, fungicidal, and anti-microbial properties of isopropanol are being leveraged in sterilizing and disinfecting surfaces in hospitals, food processing equipment, and household dwellings. Isopropanol is also sought-after as a cleaning agent for electronic components, particularly in semiconductor industry where consumption of semiconductor-grade isopropanol remains substantial.
As isopropanol producing giants have witnessed maturity in terms of market reach and development strategies, innovations in production methods and technologies have witnessed a declined scope over the recent past. However, leading stakeholders are employing alternative production methods and focusing on capacity extension to remain at the market’s forefront. Propylene and crude oil price fluctuations are likely to confine growth of the isopropanol market in the forthcoming years.
Detailed Assessment on Isopropanol Market
Market Research has recently developed a new research analysis on the isopropanol market, which exerts accurate forecasts on the market for the period between 2018 and 2027. This report is an explicit source of information, which imparts data on recent market dynamics, latest industry trends, potent markets, technology advancements & developments, and product innovation, along with an all-inclusive regional market coverage.
Isopropanol Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018 to 2028Buy Now
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