Chemical and Materials Research Isopropyl Alcohol Market Price Trends 2017 To 2022 | Page 2

REPORT DESCRIPTION
Global Isopropyl Alcohol Market to Reach a Volume of 2.29 Million Tons by 2022
Isopropyl alcohol, also known as rubbing alcohol, is an organic dissolving agent with a strong alcoholic
odour. It is a clear, colourless, volatile and combustible liquid exhibiting high viscosity at high
temperatures. It is miscible in water, ether, chloroform and other alcohols except for saline solutions. As
isopropyl alcohol has degreasing and disinfectant properties, it is popularly used as a cleaner and an
antiseptic.
Isopropyl alcohol is generally manufactured in different concentrations. The commercially
manufactured alcohol usually contains nearly 70% alcohol and is used for general cleansing, sterilizing
and other cleaning purposes. On the other hand, highly concentrated form contains 90-99% of the
alcohol and is used as a preservative for biological specimens. According to a new report by Expert
Market Research, the global isopropyl alcohol market has witnessed a positive growth over the past
few years. The market reached a volume of 2 Million Tons in 2016 and is further expected to reach 2.29
Million Tons by 2022.
The market is gaining stimulus due to diverse uses of isopropyl alcohol in various industries like
automotive, laboratory, medical, solvents and others. With the progress of these industries, the
demand for isopropyl alcohol has also been on the rise. In addition, there is a growing demand for
isopropyl alcohol in developing countries which is further adding to the growth of the global market for
isopropyl alcohol.