PUBLISHER: ChemAnalyst | PRODUCT CODE: 1369679
PUBLISHER: ChemAnalyst | PRODUCT CODE: 1369679
China Iso Propyl Alcohol market demand stood at 598.81 Thousand Tonnes in 2020 and is forecast to reach 984.83 Thousand Tonnes by 2030, growing at a healthy CAGR of 5.36% until 2030. owing to surging demand as a solvent in the pharmaceuticals, disinfectants, and cosmetics industry. IPA is also used as a solvent in foods, adhesives, inks, and coatings, as a cleaning agent for electronic devices, and as a petrochemical intermediate feedstock. The country's rigorous investments towards the expansion of its pharmaceuticals and chemicals industry would act as a springboard for the IPA market in the forecast period.
The COVID-19 outbreak across the world which has been declared as a pandemic by World Health Organization has affected countries adversely. Leading authorities of China imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. Coronavirus-affected patients started suffering from shortness of breath along with coughing and sneezing which created lucrative opportunities for the growth of the respiratory care devices market. Leading authorities increased the capacity of hospitals as a greater number of patients were getting affected daily and getting admitted into the hospital facilities. The high demand for hand sanitizers that uses isopropyl alcohol as the main ingredient contributed to high sales in this forecast period.
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Years Considered for Analysis:
Historical Years: 2015 - 2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021 - 2030
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Deliverables:
To extract data for the China Iso Propyl Alcohol market, the ChemAnalyst team conducts primary research surveys with Iso Propyl Alcohol manufacturers, suppliers, distributors, wholesalers, and customers followed by exhaustive secondary research to cross-validate the information being collected through primary research surveys.