Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
Rubbing Alcohol or Isopropyl alcohol, is a colorless, volatile and flammable chemical compound with a distinctive odor. Increased use of rubbing alcohol as a cleaner and degreaser to remove dirt and stain efficiently and quickly, a surge in the demand for sanitizing agents for various household applications, and growing production of various floor and toilet cleaning products are major driving factors behind the growth of the market. Rubbing Alcohol is employed across diverse sectors such as pharmaceuticals, personal care and cosmetics, food processing, paints and coatings, printing, automotive, and liquid detergents.
Both the United States and Canada are dominating the market in the NA region. Due to rising demand in the pharmaceutical industry, North America represents one of the largest markets for rubbing alcohol. The region's demand for rubbing alcohol has been boosted by the rapid influx of many items, such as hand sanitizers, alcohol wipes and swabs, eardrops, and oral mouthwash.
Likewise, factors such as well-established food and beverage, cosmetic and personal care, paint and coating, and automotive industry across the region, advancements and ongoing innovations in these industries to provide various beneficial products to consumers, busier lifestyles of the consumer and the increased demand for convenience products, and the massive presence of various rubbing alcohol-producing companies across the region are expected to improve the growth of rubbing alcohol market across the NA region.
The COVID-19 pandemic has boosted the sales of rubbing alcohol across the NA personal care and hygiene and pharmaceutical market. Many states of the country have reported cases of COVID-19. Case growth has accelerated to more than 25,196,086 cases and 420,285 deaths till date. As rubbing alcohol ethanol and Rubbing alcohol is very effective in killing microorganisms like viruses, fungi, and bacteria, it is a common ingredient in various hand sanitizers. Thus, during the COVID-19 pandemic, in situations where water and soap are not available, the U.S. Centers for Disease Control and Prevention (CDC) highly recommended the use of hand sanitizers, which is ultimately resulted in the growth of the market in the country.
The exclusive COVID 19 impact analysis report by Axiom MRC provides a 3600 analysis of micro and macro-economic factors on rubbing alcohol market. In addition, complete analysis of changes on rubbing alcohol expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on North America economies, international trade, business investments, GDP and marketing strategies of key players present in the market.
The Rubbing Alcohol market is segmented based on by application, by end use and country
Based on application, the NA rubbing alcohol market is segmented into antiseptic & astringent, chemical intermediate, cleaning agent, solvent and others. The factors such as increased use of rubbing alcohol in antiseptic & astringent products, in cleaning products such as surface disinfectants, and as a solvent in various applications, increased demand for hand sanitizers after COVID-19 outbreak, increasing awareness regarding healthcare, skin and personal care, rising need to keep home, offices and other indoors fresh and clean concerning sanitation, and growing technological advancements in the field of Rubbing alcohol and ethanol are likely to contribute to the healthy growth of the market.
Based on end-use, the NA rubbing alcohol market is segmented into chemical, cosmetics and personal care, food and beverages, paints and coatings, pharmaceutical and others. A surge in the adoption of rubbing alcohol in these end-use industries, growing market for these industries across the globe, increased demand for high-ingredient based cosmetics and personal care products, growing production and use of products such as hand sanitizers, electronic device washers, surface disinfectants, and many other cleaning products, and rising demand for various alcohol based hand rubs to fight against COVID-19 infection or virus are some of the major factors that propelling the growth of the rubbing alcohol market.
U.S, Mexico & Canada plays an important role in increasing the demand for rubbing alcohol in the North American region. A surge in the demand for pharmaceutical, beauty, and personal care products such as soap, sanitizers, shampoos, lotions, and many others is the major driving factor behind the growth of the rubbing alcohol market across the region. Growing consumer interest in personal care and cosmetics products is driven by ongoing health and sustainability trends, which is continuously creating more opportunities for mass retailers in Canada.
The key player in North America Rubbing Alcohol market are Dow Chemical, Ecolab, ExxonMobil Corporation, INEOS Corporation, Linde Gas, LyondellBasell Industries, Mistral Industrial Chemicals, ReAgent Chemicals Ltd., Royal Dutch Shell and Honeywell International Inc. among others.
The report analyses the North America Rubbing Alcohol market based on by application, by end use and geography. The Rubbing Alcohol market finds its application in antiseptic & astringent, chemical intermediate, cleaning agent, solvent. The major end use of Rubbing Alcohol is in chemical, cosmetics and personal care, food and beverages, paints and coatings, pharmaceutical.
The key player in North America Rubbing Alcohol market are Dow Chemical, Ecolab, ExxonMobil Corporation, INEOS Corporation, Linde Gas, LyondellBasell Industries, Mistral Industrial Chemicals, ReAgent Chemicals Ltd., Royal Dutch Shell and Honeywell International Inc. among others.
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