Electronic Grade Isopropanol Market is Projected to Grow at a CAGR Value of 2.1% During Forecast Period 2021-2031

250 Pages Electronic Grade Isopropanol Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

Latest industry survey by Fact MR, predicts sales of Electronic Grade Isopropanol to swell at propelled CAGR through 2031, as chemical and materials sales gradually recover post disruptions caused by COVID-19. The report is aimed at furnishing insights into hidden growth opportunities and challenges. It also provides recommendations to aid businesses prep for unforeseen challenges.

The market intelligence study therefore includes demographics analysis so market players can plan their product and marketing strategy. It offers sales outlook in 20+ countries. It identifies the most lucrative segments to assist companies in creating winning strategies for future.

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Electronic Grade Isopropanol market valuation is anticipated to grow at a CAGR 2.5% over the forecast period of 2022 to 2032. As per the latest study by Fact.MR- a market research and competitive intelligence provider, global Electronic Grade Isopropanol consumption set to reach over 3,747 kilo tons by 2032 end which amounts to around 1% share of the global organic chemical consumption.

Demand for Electronic Grade Isopropanol will remain modest, as the industry matures and witnesses confinements in innovations & developments. A recent Fact.MR report estimates nearly Electronic Grade Isopropanol market value worldwide anticipated reach over US$ 4.8 Bn by 2032-end.

Attribute Details
Market size value in 2021 USD 3.2 Billion
Market forecast value in 2032 USD 4.8 Billion
Global Growth Rate CAGR 2.5%

The report offers actionable and valuable market insights of Electronic Grade Isopropanol. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Electronic Grade Isopropanol Market across various industries and regions.

Isopropanol market forecast by Fact.MR

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Electronic Grade Isopropanol market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Electronic Grade Isopropanol

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Electronic Grade Isopropanol Market Key Segments

  • By Grade Type

    • Technical Grade
      • Direct Solvent Grade
      • Chemical Derivatives  Grade
    • Pharmaceutical Grade
    • Cosmetic Grade
    • Electronic Grade
  • By Manufacturing Process

    • Indirect Hydration of Propylene
    • Direct Hydration of Propylene
    • Catalytic Hydrogenation of Acetone
  • By Application

    • Pharmaceuticals
    • Homecare
    • Cosmetic & Personal Care
    • Chemical Intermediates
    • Electronics
    • Others
  • By Primary Function

    • Dissolving Agent
    • Cleaning & Drying Agent
    • Disinfectant
    • Anti – freezing Agent
    • Synthetic Flavoring Adjuvant
    • Antiseptics
    • Anti-adhesives
    • Others

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Electronic Grade Isopropanol Market: Electronic Grade Isopropanol Consumption in APEJ Remains Vigorous

Electronic Grade Isopropanol market continues to remain vigorous in Asia Pacific excluding Japan (APEJ), with the study projecting over US$ 1,600 Mn worth of Electronic Grade Isopropanol consumption by 2028-end. Majority share of the Electronic Grade Isopropanol market in APEJ will remain accounted by China, however consumption rate is expected to be relatively higher in India and ASEAN countries through 2028. Preeminence of the pharmaceutical sector on APEJ’s Electronic Grade Isopropanol market will prevail. Support of the progressive FMCG sector to the market growth in the region will also remain significant.

Europe has prevailed as a dominant marketplace for Electronic Grade Isopropanol in the recent past. However, accusations on major stakeholders such as AAE, the Belgian chemical group, and relevant supply chain participants, such as Anex Customs, and Danmar Logistics, export of chemicals used in sarin nerve gas production, have posed a negative impact on the region’s chemicals market, as Electronic Grade Isopropanol is no exception. Nevertheless, promising future of the construction sector, which involves robust consumption of paints and coatings agents, will offset these impacts while driving demand for the compound as an essential prerequisite solvent. According to the study, Europe will follow APEJ in the Electronic Grade Isopropanol market, in terms of value and volume.

Application of Electronic Grade Isopropanol as Biofuel to Emerge as a Key Trend

An emerging trend being witnessed in the Electronic Grade Isopropanol market is its surging use as a biofuel. Recent analyses made to devise engineered synthetic pathways for producing Electronic Grade Isopropanol from microbes have meant that significant potential lies for Electronic Grade Isopropanol’s utilization as a biofuel for replacing gasoline. Moreover, manufacturing Electronic Grade Isopropanol using lignocellulosic waste represents a remunerative avenue for economically-feasible production of the compound. With the rise in era of green chemicals, which promotes adoption of bio-based chemicals, biological production methods of Electronic Grade Isopropanol will be sought-after in the upcoming years, thereby impacting the market growth.

Shifting preference for light-feed petrochemicals in developed markets have led to the shortage in supply of Electronic Grade Isopropanol, with demand surging without leaps and bounds, which in turn has resulted in significant price hike of the compound. This, coupled with prevailing uncertainties in cost of propylene, has advocated Electronic Grade Isopropanol manufacturers to employ acetone-based production method. Fundamental benefits associated with the method, such as facilitated production of electronic- and pharma-grade Electronic Grade Isopropanol, will pave new avenues for the market in the forthcoming years.

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Report Benefits & Key Questions Answered

  • Electronic Grade Isopropanol Company & brand share analysis: The report offers brand-share analysis on Electronic Grade Isopropanol market to offer a more in-depth competition deep-dive. This is intended at assisting companies at proactive long-term planning.
  • Electronic Grade Isopropanol Historical volume analysis: Factors affecting sales in the past are analyzed in detail. The report also offers comparative analysis between growth trajectory exhibited in 2016-2020 and 2021-2031.
  • Electronic Grade Isopropanol Category & segment level analysis: To offer a comprehensive analysis, the market identifies leading segments and highlights chief factors enabling growth across these categories.
  • Electronic Grade Isopropanol Consumption by demographics: The demographic analysis is intended at providing recommendations to companies to help them create growth strategies around dynamic consumption patterns.
  • Electronic Grade Isopropanol Manufacturing trend analysis: Manufacturing trend analysis is the key highlight of the study. It offers vital data on strategies adopted by market players to align their manufacturing strategies as per prevailing market trends.
  • Post COVID consumer spending on Electronic Grade Isopropanol: The survey offers a chapter dedicated to analyzing post COVID consumer behavior. Changes in their spending pattern are carefully analyzed to offer insights into potential impact on Electronic Grade Isopropanol sales.

More Valuable Insights on Electronic Grade Isopropanol Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Electronic Grade Isopropanol, Sales and Demand of Electronic Grade Isopropanol, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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