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2024-2032 年异丙醇市场报告(按应用、产业和地区)Isopropyl Alcohol Market Report by Application, Industry, and Region 2024-2032 |
2023年全球异丙醇市场规模达46IMARC Group美元。对可再生和可持续原材料采购的日益关注,越来越多地使用洗手液来保持个人卫生和预防感染,以及电子行业半导体和各种电气元件产量的增加是推动市场的一些主要因素。
异丙醇,也称为异丙醇或外用酒精,是一种无色、易燃液体。它与水混溶,这意味着它可以轻鬆地与水混合。它通常是透过在催化剂存在下丙烯水合,然后透过分离和纯化过程来分离最终产品来製造的。应小心处理,并将其存放在通风良好的地方,并放在儿童接触不到的地方。它在医疗机构中保持卫生和预防感染方面发挥着至关重要的作用。此外,它是药物生产和配製中的重要组成部分。
目前,电子业用于半导体和电子元件製造对异丙醇的需求不断增加,推动了市场的成长。除此之外,异丙醇在汽车领域的各种应用(例如汽车製造中的清洁和表面处理)的使用不断增加,也促进了市场的成长。此外,越来越多地使用香水和止汗剂来防止因出汗过多而产生的体味,这提供了良好的市场前景。除此之外,异丙醇生产的不断进步以提高其纯度并减少杂质的存在,正在支持市场的成长。此外,源自玉米和甘蔗等各种可再生资源的生物基异丙醇的不断出现正在推动市场的成长。
製药和医疗保健产业的需求不断增长
目前,製药和医疗保健领域不断增长的需求对异丙醇市场的扩张产生了深远的正面影响。除此之外,异丙醇作为药品和医疗保健相关产品製造的重要组成部分,由于全球对医疗保健基础设施和医疗进步的高度关注,异丙醇的消费量正在激增。此外,製药业持续的研发活动需要稳定的高品质异丙醇供应,因为它是各种药物配方过程中的重要溶剂。因此,製药业的持续创新和扩张维持了对异丙醇需求的增加。
日益关注可再生和可持续的原材料采购
目前对可再生和可持续原材料采购的日益关注正在对异丙醇市场的成长产生积极影响。除此之外,在异丙醇的生产中越来越倾向于使用生物基或可再生原料。製造商正在积极探索传统化石燃料丙烯的替代品,丙烯是异丙醇合成的主要原料。这包括利用再生资源,例如生物质、农业残留物和废弃物。透过采用这些永续的采购选择,异丙醇产业正在适应减少碳足迹和对有限资源依赖的迫切需求。此外,在异丙醇生产中采用永续原料符合各行业的永续发展目标,包括製药、化妆品和电子产品,异丙醇在这些产业中充当重要的溶剂和清洁剂。
增加洗手液的使用以防止传染病的传播
目前,越来越多地使用洗手液来防止传染病的传播,这对异丙醇市场的成长产生了积极影响。除此之外,对洗手液的需求直接转化为对异丙醇生产的需求增加。异丙醇製造商的订单持续激增,因为他们努力满足洗手液生产商和其他依赖这种重要化合物进行各种应用的行业不断增长的需求。此外,对医疗机构、公共场所和家庭严格卫生标准的持续重视进一步维持了对洗手液以及异丙醇的需求。
The global isopropyl alcohol market size reached US$ 4.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 6.3 Billion by 2032, exhibiting a growth rate (CAGR) of 3.4% during 2024-2032. The growing focus on renewable and sustainable sourcing of raw materials, rising utilization of hand sanitizers to maintain personal hygiene and prevent infections, and increasing production of semiconductors and various electrical components in the electronics industry are some of the major factors propelling the market.
Isopropyl alcohol, also known as isopropanol or rubbing alcohol, is a colorless, flammable liquid. It is miscible with water, which means it can be easily mixed with it. It is typically manufactured through the hydration of propylene in the presence of a catalyst, followed by separation and purification processes to isolate the final product. It should be handled with care and kept in a well-ventilated area and out of the reach of children. It plays a crucial role in maintaining hygiene and preventing infections in healthcare settings. Furthermore, it is a vital component in pharmaceutical production and compounding.
At present, the increasing demand for isopropyl alcohol in the electronics sector for the manufacturing of semiconductors and electronic components is impelling the growth of the market. Besides this, the rising employment of isopropyl alcohol in the automotive sector for various applications, such as cleaning and surface preparation in vehicle manufacturing, is contributing to the growth of the market. In addition, the growing utilization of perfumes and antiperspirants to prevent body odors due to excessive sweating is offering a favorable market outlook. Apart from this, increasing advancements in the manufacturing of isopropyl alcohol to improve its purity and reduce the presence of impurities are supporting the growth of the market. Additionally, the rising emergence of bio-based isopropyl alcohol, derived from various renewable sources, such as corn and sugarcane, is bolstering the growth of the market.
Growing demand in the pharmaceutical and healthcare sector
The growing demand in the pharmaceutical and healthcare sector is currently exerting a profoundly positive influence on the expansion of the isopropyl alcohol market. Besides this, isopropyl alcohol, being a crucial component in the manufacturing of pharmaceuticals and healthcare-related products, is witnessing an upsurge in consumption due to the heightened global focus on healthcare infrastructure and medical advancements. Additionally, the continuous research and development activities in the pharmaceutical sector necessitate a steady supply of high-quality isopropyl alcohol, as it serves as an essential solvent in various drug formulation processes. The ongoing innovations and expansions in the pharmaceutical industry are thereby sustaining the heightened demand for isopropyl alcohol.
Rising focus on renewable and sustainable sourcing of raw materials
The rising focus on renewable and sustainable sourcing of raw materials is currently exerting a positive influence on the growth of the isopropyl alcohol market. Besides this, the increasing preference for bio-based or renewable feedstocks in the production of isopropyl alcohol. Manufacturers are actively exploring alternatives to traditional fossil fuel-derived propylene, the primary raw material for isopropyl alcohol synthesis. This includes utilizing renewable sources, such as biomass, agricultural residues, and waste materials. By embracing these sustainable sourcing options, the isopropyl alcohol industry is aligning itself with the imperative to lessen its carbon footprint and reliance on finite resources. Furthermore, the adoption of sustainable raw materials in isopropyl alcohol production aligns with the sustainability goals of various industries, including pharmaceuticals, cosmetics, and electronics, where IPA serves as a crucial solvent and cleaning agent.
Increasing utilization of hand sanitizers to prevent the spread of infectious diseases
The increasing utilization of hand sanitizers to prevent the spread of infectious diseases is currently exerting a positive influence on the growth of the isopropyl alcohol market. Besides this, the demand for hand sanitizers directly translates into an increased need for isopropyl alcohol production. Manufacturers of isopropyl alcohol are experiencing a continuous upsurge in orders as they strive to meet the escalating demands from hand sanitizer producers and other industries that rely on this essential chemical compound for various applications. Moreover, the persistent emphasis on maintaining stringent hygiene standards in healthcare facilities, public spaces, and households further sustains the demand for hand sanitizers and, by extension, isopropyl alcohol.
IMARC Group provides an analysis of the key trends in each segment of the global isopropyl alcohol market report, along with forecasts at the global, and regional levels for 2024-2032. Our report has categorized the market based on application and industry.
Process Solvent
Cleaning Agent
Coating Solvent
Intermediate
Others
Intermediate dominates the market
The report has provided a detailed breakup and analysis of the market based on the application. This includes process solvent, cleaning agent, coating solvent, intermediate, and others. According to the report, intermediate represented the largest segment.
Isopropyl alcohol is considered an important intermediate in various chemical processes and industries due to its versatility and properties. It is widely used as a solvent in various industries, including pharmaceuticals, cosmetics, and manufacturing. It can dissolve a wide array of organic and inorganic compounds, making it valuable in the production of various chemicals. Isopropyl alcohol is commonly employed as a cleaning agent and disinfectant. It is also used to clean surfaces, medical equipment, and electronic components due to its ability to dissolve oils, grease, and other contaminants. It can also be used as a starting material or solvent in the synthesis of various chemicals and pharmaceuticals. It is often used as a reaction medium in chemical processes.
Cosmetic and Personal care
Pharmaceutical
Food and Beverage
Paints and Coatings
Chemical
Others
Chemical holds the largest share in the market
A detailed breakup and analysis of the market based on the industry have also been provided in the report. This includes cosmetic and personal care, pharmaceutical, food and beverage, paints and coatings, chemical, and others. According to the report, chemicals accounted for the largest market share.
Isopropyl alcohol is a widely employed solvent for a variety of chemical processes. It can dissolve a wide array of organic compounds, making it useful for extraction, purification, and as a cleaning agent in labs and manufacturing facilities. It is an effective cleaning component for removing contaminants, oils, greases, and residues from equipment, glassware, and surfaces in chemical laboratories and production environments. Its fast evaporation rate and low residue make it a preferred choice. Isopropyl alcohol can serve as an intermediate or starting material in the synthesis of other chemicals. It can be used to produce acetone, isopropyl acetate, and other compounds through various chemical reactions.
Asia
North America
Europe
South America
Others
Asia exhibits a clear dominance, accounting for the largest isopropyl alcohol market share
The market research report has also provided a comprehensive analysis of all the major regional markets, which include Asia, North America, Europe, South America, and others. According to the report, Asia accounted for the largest market share.
Asia held the biggest market share due to the increasing awareness about the significance of maintaining personal hygiene. Besides this, rising improvements in the healthcare sector to provide quality treatment to patients are contributing to the growth of the market. Apart from this, the increasing development and production of pharmaceuticals, including vaccines, is supporting the growth of the market. Additionally, the rising emphasis on cleanliness in various commercial and public settings is strengthening the growth of the market.
North America is estimated to expand further in this domain due to the increasing production of catalysts and solvents in the chemical industry. Moreover, the rising demand for fuel additives in the automotive sector is bolstering the growth of the market.
Key market players are actively expanding their production capacity to meet the increasing need by investing in new production facilities or upgrading existing ones. They are also looking to diversify their product offerings by developing new grades or formulations of isopropyl alcohol to cater to specific industry needs. Top companies are focusing on sustainability by exploring eco-friendly production methods, reducing emissions, and minimizing waste. They are also investing in logistics, distribution networks, and supply chain technology to minimize disruptions. Top companies are investing in quality control measures and regulatory compliance to meet industry standards. They are also exploring new geographical markets or regions for business growth.
The Dow Chemical company
Exxon Mobil
Shell Chemicals Europe B.V.
INEOS Enterprises Group Limited
Super Chemical Technology Co. Ltd.
In April 2020, INEOS Enterprises Group Limited announced the building of the fourth-hand sanitizer plant in Etian to serve the hardhit hospitals in Paris and North Eastern France.
In 2020, Exxon Mobil announced the expansion of the manufacturing of raw materials required for the production of masks, gowns, and hand sanitizers used by healthcare providers.
In June 2022, The Dow Chemical Company announced its agreement with EcoSynthetix Inc. to develop innovative bio-based, biodegradable, and low-carbon solutions in the personal care industry.