Market Dynamics
Isopropyl alcohol is mainly used as a solvent for coatings, which increases its demand from the paints and coatings industry. This in turn aids in growth of the global isopropyl alcohol. Isopropyl alcohol also acts as an intermediate in production of several chemicals such as Isopropyl acetate, sodium isopropylxanthate, titanium and aluminum isopropoxides.
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Isopropyl alcohol also finds application in the medical sector as a sanitizer and disinfectant. Increasing prevalence of otitis externa is also expected to boost growth of the market as isopropyl alcohol is used as a water-drying aid for the prevention of otitis externa.
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