GCC Isopropyl Alcohol Market Comprehensive Analysis and Forecast 2024 to 2030

GCC Isopropyl Alcohol Market Overview: 2024-2030

Base Year: 2023

Historical Years:  2019-22

Forecast Years: 2024-2030

The GCC Isopropyl Alcohol Market is estimated to grow at a CAGR of around 5.2% during the forecast period 2024-2030. The GCC Isopropyl Alcohol Market is going through significant growth due to multiple drivers like technological advancements and, of course, increasing healthcare needs. The increase in road accidents throughout the country creates a greater demand for X-rays.

Markntel Advisor’s GCC Isopropyl Alcohol Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, GCC Isopropyl Alcohol Market drivers, barriers, GCC Isopropyl Alcohol Market Trends, and Key Players in GCC Isopropyl Alcohol Market.

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GCC Isopropyl Alcohol Market Dynamics: 2024-2030

GCC Isopropyl Alcohol Market Challenge:

High Threat of Substitution from Ethanol and Other Green Solvents to Impede Market Growth– With sustainability becoming a major focus in industries in GCC, the expectation and adoption of green alternatives or solutions is increasing in almost every industry. As a result, Ethanol derived from renewable sources like corn and sugarcane has emerged as one of the solvents of choice within pharmaceuticals, personal care, and industrial settings. Moreover, the increased supply of green solvents in the region transferred the demand away from IPA further from the end users.

Furthermore, government restrictions and facilitations for using green products are forcing industries to replace IPA with its alternatives further impeding the demand and adoption of IPA in the region. The increasing innovations in green chemistry practices and the discovery of new technologies for solvents that are less toxic than traditional solvents like IPA are also surging the adoption of green solvents hampering the growth of IPA in GCC. Green solvents are excessively used by industries that are looking to enhance their sustainability profiles and improve environmental standards, thereby reducing their demand for IPA which is hampering the growth of the GCC Isopropyl Alcohol Market.

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GCC Isopropyl Alcohol Market (2024-30): Segmentation Outlook

The market 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

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.

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the GCC Isopropyl Alcohol Market:

ExxonMobil Corporation, Shell UAE, Dow Chemical IMEA GmbH UAE, Dubichem   Marine International EST, Fujairah Chemical, Ibn Al Haj Chemicals LLC, Green   Cross Incorporated, Sharjah Chemical, Hach MENA, Trice Chemicals, Others.

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