Africa Isopropyl Market (2021-2027) | Size, Share, Analysis, Revenue, Forecast, Trends, Growth, industry, Value, Outlook & COVID-19 IMPACT

Latest 2023 Development of the Africa Isopropyl Market

The Africa Isopropyl market is witnessing steady growth due to the increasing demand for isopropyl in various end-use industries, including healthcare, cosmetics, and electronics. In Nigeria, the government announced plans to ban the importation of isopropyl alcohol and ethanol in an effort to boost local production. These efforts will strengthen the market share of players. Further, in Egypt, a new isopropyl alcohol plant began operations in the second half of 2021. The plant, which is located in the Suez Canal Economic Zone, has an annual production capacity of 50,000 tons.

The Africa isopropyl industry is primarily driven by the healthcare industry due to its use as a disinfectant and antiseptic in hospitals and clinics. Additionally, several African countries were investing in the production of isopropyl to reduce import dependency and increase local production. For instance, the Nigerian National Petroleum Corporation (NNPC) announced plans to establish a petrochemicals complex, which would include an isopropyl alcohol plant. Moreover, the isopropyl market in Africa was subject to price volatility due to its dependence on crude oil prices and fluctuating global demand. Further, the production and use of isopropyl could have environmental implications, including air and water pollution. As a result, African countries were expected to implement stricter regulations to minimize the impact of isopropyl on the environment.

Africa Isopropyl Market Synopsis

Africa Isopropyl Market is expected to gain traction in the coming time zone on the back of an increase in the growth of the use of chemicals across various industrial domains which is leading to an increase in the growth of isopropyl alcohol and is expected to be of great use for the Africa isopropyl market in the coming time zone. Further, a growth in innovation in the chemicals industry is leading to a sound increase in the growth of the demand for isopropyl and is anticipated to be of great use for the manufacture of bio-product chemical-based products and is anticipated to sustain market demand in the coming time zone as well as the increase in the chemicals industry takes place. Additionally, a spur in the shale gas production in South Africa is expected to be another growth proliferating factor for the Africa isopropyl market in the coming time zone backed by an increase in the growth of technically recoverable natural gas extraction process in the country and is expected to be of immense growth opportunity provider to the Africa isopropyl market in the forthcoming years.

According to 6Wresearch, the Africa Isopropyl Market size is anticipated to register growth during 2021-2027. The outbreak of the novel COVID-19 virus has led to an increase in the growth of the use of isopropyl as an antiseptic and cleaning agent in the manufacturing of sanitizers. The sales of sanitizers which were at a nascent stage owing to low dependency on the product have led to an increase in the growth of the sales of the product at a robust pace, further, leading to an increase in the growth of the use of intermediate solutions for the best preparation of sanitizers as a guard against the rapidly spreading novel coronavirus and, is expected to shape the market competitive landscape of the Africa isopropyl market in the coming time zone and spur the growth of the market in the impending period, since sanitizers and cleaning agents now become essential as a safeguard in hospitals and homes.

The growth of the Food and Beverage Industry in African countries is expected to lead to a market proliferation of the Africa Isopropyl Market in the coming time zone.

A proliferation in the growth of the food and beverage industry in the developed and developing countries across the region is expected to contribute towards the growth of the sales of isopropyl across the African region and lead to a growing proliferation of the Africa isopropyl market in the coming time zone. Food and beverage tend to provide the greatest tradition of pleasure in the African society and, as a result, is expected to pose to the rapid growth of the use of isopropyl and is anticipated to be of great aspect for the rapid growth of Africa isopropyl market in the coming time zone and provide the potential investors with a great opportunity to seek a robust business competitive landscape in the forthcoming years.

The top key players in the market are Rishichem MidEast Ltd., LG Chem Ltd., Exxon Mobil Corporation, Honeywell International Inc, The Dow Chemical Company and the KKR-led group.

The Africa Isopropyl market report thoroughly covers the market by applications, end users and countries. The Africa Isopropyl market outlook report provides an unbiased and detailed analysis of the ongoing Africa Isopropyl market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

• Africa Isopropyl Market Overview
• Africa Isopropyl Market Outlook
• Africa Isopropyl Market Forecast
• Historical Data of Africa Isopropyl Market Revenues & Volume for the Period 2017-2020
• Africa Isopropyl Market Size and Africa I Market Forecast of Revenues & Volume, Until 2027
• Historical Data of Africa Isopropyl Market Revenues & Volume, by Application, for the Period 2017-2020
• Market Size & Forecast of Africa Isopropyl Market Revenues & Volume, by Application, Until 2027
• Historical Data of Africa Isopropyl Market Revenues & Volume, by End use, for the Period 2017-2020
• Market Size & Forecast of Africa Isopropyl Market Revenues & Volume, by End use, Until 2027
• Historical Data of Africa Isopropyl Market Revenues, by Countries, for the Period 2017-2020
• Market Size & Forecast of Africa Isopropyl Market Revenues, by Countries, Until 2027
• Historical Data of South Africa Isopropyl Market Revenues, for the Period 2017-2020
• Market Size & Forecast of South Africa Isopropyl Market Revenues, Until 2027
• Historical Data of Nigeria Isopropyl Market Revenues, for the Period 2017-2020
• Market Size & Forecast of Nigeria Isopropyl Market Revenues, Until 2027
• Historical Data of Kenya Isopropyl Market Revenues, for the Period 2017-2020
• Market Size & Forecast of Kenya Isopropyl Market Revenues, Until 2027
• Historical Data of Rest of Africa Isopropyl Market Revenues, for the Period 2017-2020
• Market Size & Forecast of Rest of Africa Isopropyl Market Revenues, Until 2027
• Market Drivers and Restraints
• Africa Isopropyl Market Trends and Industry Life Cycle
• Porter’s Five Force Analysis
• Market Opportunity Assessment
• Africa Isopropyl Market Share, By Players
• Africa Isopropyl Market Share, By Countries
• Africa Isopropyl Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Africa Isopropyl Market report provides a detailed analysis of the following market segments:

By Application:

• Antiseptic & astringent
• Cleaning agent
• Solvent
• Chemical intermediate
• Others

By End-user:

• Cosmetics & Personal Care
• Pharmaceutical
• Food & Beverages
• Paints & Coatings
• Chemical
• Others

By Countries:

• South Africa
• Nigeria
• Kenya
• Rest of Africa

Africa Isopropyl Market: FAQs