The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), GCC Isopropyl Alcohol Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape. The research company provides an extensive range of strategic reports on diverse industry verticals to substantial and varied client bases, including multinational corporations, financial institutions, governments, and individuals, among others.
GCC Isopropyl Alcohol Industry Analytical Overview (2024-2030): Drivers, Opportunities, Challenges, and Trends,
According to the latest report, GCC Isopropyl Alcohol Market is estimated to grow at a CAGR of around 5.2% during the forecast period 2024-2030.
The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, geography, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024 to 2030.
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What is Included in GCC Isopropyl Alcohol Market Segmentation?
The report has segmented the market into the following categories:
By Type
– 70% IPA- Market Size & Forecast 2019-2030, Thousand Tons
– 90% Above IPA- Market Size & Forecast 2019-2030, Thousand Tons
Out of them both, the above 90% IPA segment holds a considerable market share in the Isopropyl Alcohol market globally driven by rising demand for high-purity IPA in various industrial settings. The industrial and commercial demand is mostly for the 90% IPA concentration owing to its high purity and efficient cleaning properties. The purity and effectiveness of IPA are associated with various critical industrial applications, such as in the production of automobiles where IPA serves as a solvent and a disinfectant, and in the electronic industry for cleaning sensitive equipment and components.
By Application
– Process Solvent- Market Size & Forecast 2019-2030, Thousand Tons
– Cleaning Agent- Market Size & Forecast 2019-2030, Thousand Tons
– Coating Solvent- Market Size & Forecast 2019-2030, Thousand Tons
– Others (Chemical Intermediate, Disinfectants, etc.) – Market Size & Forecast 2019-2030, Thousand Tons
By End Users
– Cosmetics and Personal Care- Market Size & Forecast 2019-2030, Thousand Tons
– Healthcare- Market Size & Forecast 2019-2030, Thousand Tons
– Food & Beverages- Market Size & Forecast 2019-2030, Thousand Tons
– Paints & Coatings- Market Size & Forecast 2019-2030, Thousand Tons
– Chemicals- Market Size & Forecast 2019-2030, Thousand Tons
– Others (Automotive, Household, etc.) – Market Size & Forecast 2019-2030, Thousand Tons
By Country
– The UAE
– Saudi Arabia
– Bahrain
– Oman
– Qatar
– Kuwait
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Key Factor Driver GCC Isopropyl Alcohol Industry Growth by 2030
Escalating Demand for Isopropyl Alcohol from Pharmaceutical Manufacturing in the Region– The pharmaceutical sector in the region has been experiencing significant growth owing to rising demand for medicines for the elderly and other consumers in the region. The GCC countries have a large number of diseases prevalent in their population, which demand pharmaceutical products. Additionally, individual government efforts to boost medicine manufacturing in their countries are leading to an increase in pharmaceutical manufacturing. Programs like Vision 2030 and Pharma Vision by countries are leading to the establishment of various pharmaceutical giants in the GCC. Companies are establishing new units as well as expanding existing ones to boost their pharma manufacturing. For Instance,
Who are the Key Players Operating in the GCC Isopropyl Alcohol Industry?
The top companies of the GCC Isopropyl Alcohol market ruling the industry are:
- ExxonMobil Corporation
- Shell UAE
- Dow Chemical IMEA GmbH
- Dubichem Marine International
- Fujairah Chemical
- Ibn Al Haj Chemicals LLC
- Green Cross Incorporated
- Sharjah Chemical
- Hach MENA
- Trice Chemicals
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FAQs (Frequently Ask Questions)
- What are the industry’s overall statistics or estimates including CARG and USD Value of the forecasting years?
- What are the trends influencing the current scenario of the GCC Isopropyl Alcohol Market?
- What are the key factors that would propel and hinder the industry?
- Which geographical area dominates the GCC Isopropyl Alcohol industry?
- Which is the Leading segment in the market?
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