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The isopropyl alcohol market size is forecast to increase by USD 689.1 million at a CAGR of 4.07% between 2023 and 2028. The market is witnessing significant growth due to its extensive applications in various industries, particularly in the production of high-purity grades for use in solvents, pharmaceuticals, and personal care products. The market is driven by the increasing demand for antiseptics, astringents, and sanitizers, which are crucial in addressing pollution problems and maintaining personal hygiene. Moreover, capacity expansions and new plant establishments are contributing to the market's growth. However, the market faces challenges such as volatility in crude oil prices, which impact the production costs of isopropyl alcohol. Despite these challenges, the market is expected to continue its upward trajectory due to its indispensable role in various industries and applications.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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