New York, Jan. 15, 2020 (GLOBE NEWSWIRE) -- The global isopropanol market is forecast to reach USD 4.05 Billion by 2027, according to a new report by Reports and Data. The Isopropanol or Isopropyl Alcohol is the colorless, highly flammable laboratory and household chemical and primary type of alcohol. Based on the isomerism, the isopropanol has a twin molecule with a slightly different chemical structure, n-propanol. Isopropanol is more readily available for its simple chemical structure compared to the n-propanol and is also consequently cheaper. Isopropanol is mostly used in medical use applications and also widely utilized as a direct or intermediate solvent chemical in the formulation of various chemical processing. However, the market is potentially being restrained by the stringent Volatile organic compounds’ (VOC) emission norms in European and North American continents.
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Asia Pacific region is forecasted to grow fastest with the highest growth rate of 6.7% in the period 2019 - 2027, owing to higher demand in the household & personal care products and paints & coatings industries coupled with propulsion of the medical use products due to rise in the small and severe infectious diseases, especially in the highly populous regions like India and Bangladesh.
Further key findings from the report suggest
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Segments covered in the report:
For the purpose of this report, Reports and Data have segmented the global isopropanol market on the basis of the end-use, sales channel, applications, and region:
End-Use Outlook (Revenue: USD Billion; 2016-2027)
Sales Channel Outlook (Revenue: USD Billion; 2016-2027)
Applications Outlook (Revenue: USD Billion; 2016-2027)
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Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2016-2026)
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