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Showing posts with the label Isopropyl Alcohol Market Size

Isopropyl Alcohol Market, 2024 Industrial Trends, Future Developments, Regional Outlook and Forecast 2032

  Introduction Isopropyl alcohol market , also known as isopropanol or 2-propanol, is a volatile, colorless liquid with a strong odor. As a secondary alcohol, it is widely used in various industrial and household applications. The global Isopropyl alcohol market is experiencing significant growth due to its extensive use as a solvent, disinfectant, and antiseptic, particularly in the healthcare and pharmaceutical sectors. Isopropyl alcohol market Size was valued at USD 3.50 Billion in 2023. The isopropyl alcohol industry is projected to grow from USD 3.78 Billion in 2024 to USD 6.58 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.16% during the forecast period (2024 - 2032). Market Drivers Healthcare and Pharmaceutical Industries : The COVID-19 pandemic has underscored the importance of disinfectants and sanitizers, driving the demand for IPA. It is a key ingredient in hand sanitizers, disinfectant wipes, and cleaning agents used in medical settings. The ...

Isopropyl Alcohol Market Size, Regional Trends and Opportunities, Revenue Analysis, For 2030

  Global Isopropyl Alcohol Market   Overview Isopropyl Alcohol (IPA) or Dimethyl Carbinol or Isopropanol also popularly known as Rubbing Alcohol offers a wide range of applications across industries. It is a common ingredient in antiseptics and disinfectants and hence extensively used in the medical/ Healthcare and laboratory sector. In chemical industry it is used as a solvent and a cleaning fluid and a disinfectant. Similarly, IPA is used in household industry for making detergents and as a cleaner by combining with N-propyl alcohol or ethyl alcohol. Besides, it is used in cleaning or washing automotive (vehicles) glass/windows/mirror especially, during the winter to de-ice it.  Owing to the vast area of application IPA perceives a huge market demand drawing a huge market share. The  Isopropyl Alcohol Market Size  is registered as USD 5.10 billion and is expected to grow at a CAGR of 7.5% during the forecast period (2021-2028). Acknowledging the kind...