According to the research report titled ‘Global Isopropyl Alcohol Market Size, By Application By End-Use Industry Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report, global isopropyl alcohol market is expected to register substantial growth during 2020-2026.
 

For those uninitiated, isopropyl alcohol is an isomer of propyl alcohol and is basically a colorless liquid. It has antibacterial properties and is widely adopted as disinfectant in pharmaceutics as well as during manufacturing of electronic and medical devices, which in turn is a major factor driving the market growth.
 

Rising adoption of isopropyl alcohol as a solvent and a cleaning fluid for dissolving oils is further aiding the market expansion. It is also utilized during the production of acetone and its byproducts.
 

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The product can be employed in gardening since it helps in removing diseased, rotting, or dead plants, thereby augmenting the revenues of the industry. Besides this, the unexpected outbreak of COVID-19 has impelled the demand for disinfectants and sanitizers, in turn favoring the isopropyl alcohol market outlook.
 

Based on the application spectrum, the report states that the others segment is predicted to grow significantly during the study period. Isopropyl alcohol is acts as antifoaming agent, solvent, viscosity decreasing additive, and cosmetic astringent. Increasing hygiene awareness in tandem with growing demand for high-quality personal care products are fueling the segmental share.
 

Citing the end-user landscape, the others segment is expected to showcase remunerative growth in the forthcoming years, primarily driven by rising adoption of high-quality toiletries with sanitizing and cleansing properties.
 

From the regional point of view, isopropyl alcohol market in Latin America is anticipated to witness a y-o-y growth rate of 6% between 2020 and 2026. Inclination towards using high-quality cosmetic as well as personal care products is augmenting the regional demand for isopropyl alcohol.
 

Alternatively, Middle East & Africa isopropyl alcohol industry is expected to cross USD 150 million by the year 2026. Increased pervasiveness of COVID-19 has boosted the adoption rates of high quality sanitizers and other cleaning solutions, thereby swaying the business dynamics in MEA.
 

Yancheng Super Chemical Technology Co. Ltd., Lee Chang Yung Chemical Industry Corp., Kellin Chemicals (Zhangjiagang) Co. Ltd., Mitsui Chemicals Inc., Deepak Fertilisers And Petrochemicals Corp. Ltd., China National Petroleum Corporation, Ineos, Galaxy Chemicals Corp., LG Chem Ltd., LyondellBasell Industries Holdings B.V., Hefei TNJ Chemical Industry Co. Ltd., Shell Chemicals, Dow Chemical Company, and Exxon Mobil Corporation are the key participants in global isopropyl alcohol market.