[Online Quarterly Update] Saudi Arabia’s IPA demand stood at 31.74 Thousand Tonnes in 2020 and is forecast to reach 54.47 Thousand Tonnes by 2030, growing at a healthy CAGR of 5.50% until 2030. IPA is a low-cost solvent and extractant used in myriad downstream industries such as cosmetics and personal-care products, paints and coatings, adhesives and resins, pharmaceuticals, food, and inks. It is also used in the formulation of deicer. Saudi Arabia is heavily investing in developing breakthrough technologies for manufacturing Isopropyl Alcohol domestically. Growing investments across the downstream sectors would further support the market growth in the forecast period.
The market for Isopropyl Alcohol in the Kingdom of Saudi Arabia was affected due to the widespread of COVID-19. The markets were shut down and distribution channels were heavily disrupted. Though, pharmaceutical industries put forth the demand for Isopropyl Alcohol as Isopropyl Alcohol is used as a disinfectant, rubbing alcohol antiseptic, or to produce sanitizers and its demand witnessed exponential growth due to rising hygiene concerns amid pandemics. Additionally, after the exemption of trade restriction and resumption in industrial operations in the second half of 2020, demand for Isopropyl Alcohol was recovered rapidly owing to the high demand from the end use industries and is expected to expand its market size in the forthcoming years.
Major players in the market for Isopropyl Alcohol are The Dow Chemical Company, Exxon Mobil Corporation, LyondellBasell Industries Holdings B.V., LG Chem Ltd., Royal Dutch Shell Plc., Clariant AG, Honeywell International Inc., JXTG Nippon Oil & Energy Corporation, Mitsui Chemicals Inc., United States Petroleum & Chemical Corporation, INEOS Enterprises, Deepak Fertilizers and Petrochemicals Corporation Limited etc.
Years Considered for Analysis:
Historical Years: 2015 – 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 – 2030
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Objective of the Study:
• The primary objective of the study was to evaluate and forecast Isopropyl Alcohol capacity, production, demand, the demand-supply gap in Saudi Arabia.
• To categorize Isopropyl Alcohol demand based on end use, type, sales channel, and region.
• To study trade dynamics and company share in the Saudi Arabia Isopropyl Alcohol market.
• To identify major customers of Isopropyl Alcohol in Saudi Arabia.
• To evaluate and forecast Isopropyl Alcohol pricing in Saudi Arabia.
• To identify and profile major companies operating in the Saudi Arabia Isopropyl Alcohol market.
• To identify major developments, deals, and expansion plans in the Saudi Arabia Isopropyl Alcohol market.
To extract data for the Saudi Arabia Isopropyl Alcohol market, primary research surveys were conducted with Isopropyl Alcohol manufacturers, suppliers, distributors, wholesalers and end-users. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various end-user segments and projected a positive outlook for Saudi Arabia Isopropyl Alcohol market over the coming years.
ChemAnalyst calculated Isopropyl Alcohol demand in Saudi Arabia by analyzing the historical data and demand forecast was carried out considering Propylene and crude oil prices. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Isopropyl Alcohol manufacturers and other stakeholders
• Organizations, forums and alliances related to Isopropyl Alcohol distribution
• Government bodies such as regulating authorities and policymakers
• Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for industry stakeholders, such as Isopropyl Alcohol manufacturers, distributors, importers and end-users. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.
Deliverables:
Installed Capacity By Company
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Installed capacity within the country along with individual capacity of leading players
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Installed Capacity By Location
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Installed capacity at several locations across the country
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Installed Capacity By Process
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Installed capacity by different processes
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Installed Capacity By Technology
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Installed capacity by different technologies being used to produce Iso Propyl Alcohol
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Production By Company
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Actual production done by different companies
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Operating Efficiency By Company
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Operating efficiency at which different companies are operating their plants
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Demand By End Use
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Demand/Sale of Iso Propyl Alcohol in different end-user industries across the country
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Demand By Sales Channel
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Demand/Sale of Iso Propyl Alcohol by different sales channels across the country
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Demand By Region
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Demand/Sale of Iso Propyl Alcohol in different regions of the country
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Country Wise Exports
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Exports of Iso Propyl Alcohol by Different Countries
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Country Wise Imports
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Imports of Iso Propyl Alcohol by Different Countries
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Demand & Supply Gap
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Demand & Supply Gap at country level
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Market Share of Leading Players
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Revenue shares of leading players in the country
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News & Deals
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Historical & Current News & Deals in Iso Propyl Alcohol market
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Available Customizations:
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
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