China Isopropyl Alcohol Market was valued US$ XX Mn in 2018 and is expected to reach US$ XX Mn by 2027, at CAGR of 6.3 % during forecast period of 2019 to 2027.

Isopropyl alcohol is an isomer of 1-propanol, a colorless liquid with disinfectant properties. It is used in various purposes at home, also used in different industrial processes and pharmaceutical applications. The most general product that contains isopropanol is rubbing alcohol, containing 70% isopropanol or ethanol. There are 1,182 product of Isopropyl alcohol found from 118 Isopropyl Alcohol manufacturers and suppliers in china.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.

Isopropyl Alcohol Market Drivers and Restrains
The constant growth of the Isopropyl Alcohol Market is expected to endure positive, driven by socio-economic factors like increasing disposable income, population growth, rapid urbanization, and economic growth worldwide. This socio-economic development of various downstream industries such as paints and coatings, automotive, and cosmetics industry. Moreover, the growth in chemical production particularly in the states like India, China and Japan is projected to be another key driver for increase in the demand for isopropyl alcohol for solvent applications. The increasing per capita disposable income and better-quality standards of living of the people globally are probable to boost the demand for various cosmetics and personal care products, which in turn is expected to propel the requirement for isopropyl alcohol as a solvent in various manufacturing processes. The market price of isopropyl alcohol of reagent grade (ACS) US$ 805.0 to 815.0 / Ton. Additionally, the vigorous growth of the pharmaceutical and healthcare industries is considered to be another factor driving the growth of the isopropyl market. This rapid growth in automotive production and sales is expected to drive the growth of China Isopropyl Alcohol Market during the forecast period. Moreover, the increasing demand for coatings and paints from the automotive industries and construction is expected to drive the ultimatum for isopropyl alcohol as a raw material during the forecast period.

Isopropyl Alcohol Market Segmentation
Isopropyl Alcohol Market is segmented in terms of application, end-user industry and region. On the basis of application, the China Isopropyl Alcohol Market can be divided into solvent, cleaning agent, intermediate, coating solvent, and others. Isopropyl alcohol dissolves a wide range of non-polar compounds. It also vaporizes quickly and leave a slight amount of oil traces compared to ethanol. It is comparatively non-toxic compared to other solvents. Therefore, isopropyl alcohol is used widely as a cleaning fluid and solvent, specifically for dissolving oils.

In terms of end-use industry, the Isopropyl Alcohol Market can be separated into pharmaceutical, food & beverages, paints & coatings, personal care & cosmetics, and chemical. Isopropanol is used in lotions and soaps as an antiseptic. In the food & beverages industry, it is used for the extraction and purification of natural products, such as vegetable and animal oils and fats, gums resins, waxes, colors, flavorings, alkaloids, vitamins, kelp and alginates. It is also used as carrier solvent in the production of food products.
China Isopropyl Alcohol Market Regional Analysis

On the basis of region China Isopropyl Alcohol Market divided into five regions such as Shanghai, Taiwan, Jiangsu, Longhua, Shandong and Guangdong Province. Among all the regions, the Shanghai and Jiangsu had the largest market share in 2018 and is projected to lead the market during the forecast period, by reason of high demand from numerous industries such as pharmaceuticals, personal care and cosmetics, and chemicals. The Shipments of Isopropyl Alcohol into China totaled around XX tones in the first nine months of 2019, down by 10.23% compared with the same ¬period in 2018, according to research analyst, by the reasons of the drop in imports in recent years has been accompanied by a corresponding rise in domestic Isopropyl Alcohol production. Furthermore, Acetone-based IPA supply was mostly continuous despite small hitches at major Chinese plants.

The local Key players operating the Isopropyl Alcohol market are Jiangsu yongtaihua chemical co., LTD., Qingdao Highly Chemical, Suzhou upline, China Petroleum & Chemical Corporation, Exxon Mobil Corporation, The Dow Chemical Company and Exxon Mobil Corporation. The top key player such as LG Chem and LYC chemical produces Isopropyl Alcohol 100 to 150 thousand tons per years.

The objective of the report is to present comprehensive analysis of China Isopropyl Alcohol Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers. The report also helps in understanding China Isopropyl Alcohol Market dynamics, structure by analyzing the market segments, and project the China Isopropyl Alcohol Market size. Clear representation of competitive analysis of key players by Isopropyl Alcohol Type, price, financial position, product portfolio, growth strategies, and regional presence in the China Isopropyl Alcohol Market make the report investor’s guide.

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Scope of the China Isopropyl Alcohol Market

Isopropyl Alcohol Market, by Application

• Process Solvent
• Cleaning Agent
• Coating Solvent
• Intermediate
• Other Applications
Isopropyl Alcohol Market, by End-user Industry

• Cosmetic and Personal Care
• Pharmaceutical
• Food and Beverage
• Paints and Coatings
• Chemical
• Other End-user Industries
China Isopropyl Alcohol Market, by States

• Shanghai
• Taiwan
• Longhua
• Shandong
• Jiangsu
Isopropyl Alcohol Market, Major Players

• Jiangsu yongtaihua chemical co., LTD.
• Qingdao Highly Chemical
• Suzhou upline
• China Petroleum & Chemical Corporation
• Exxon Mobil Corporation
• The Dow Chemical Company
• Royal Dutch Shell Plc
• Clariant AG
• Perrigo Company plc
• LyondellBasell Industries N.V.
• INEOS Enterprises
• LG Chem
• Mitsubishi Chemical Corporation
• Deepak Fertilizers and Petrochemicals Corporation Limited.
• Holdings B.V.

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