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Top 3 Isopropanol suppliers based on Revenue

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by Beroe Inc.
7 September 2022

Top 3 Supplier Names

Country/Region

Revenue

Year Founded

Geographical Presence

Dow

Texas, US

$38.54 billion

1943

North America, Europe, APAC

Exxon Mobil

Louisiana, United States

$178 Billion

1859

North America, Europe, APAC

Shell

Singapore, Netherlands, Canada

180.54 $Billion

2006

North America, APAC

 

NAICS Code: 325199 : All Other Basic Organic Chemical Manufacturing

UNSPSC Code: 12191601: Alcohol solvents

 

Isopropanol Suppliers market overview

Isopropyl alcohol finds diverse applications in several downstream industries like paint and coating, automotive, cosmetic, printing, pharmaceutical, etc. Economic reforms have resulted in a rise in the disposable incomes and changes in lifestyle of the consumers across the globe, thereby catalysing the growth of these industries. Isopropyl alcohol has been used to remove flux residues after soldering and as a general cleaner to remove oil, grease, and other handling soils. Apart from this, it is also used for purifying and extracting natural products such as animal and vegetable oils, waxes, resins, flavourings, fats, vitamins, etc., which is positively influencing the market growth. Read more about the market trends here.

Top Isopropanol Suppliers

Dow

Dow Chemical, worked with officials in Michigan and West Virginia, as well as the US Food and Drug Administration, the Alcohol and Tobacco Tax and Trade Bureau and the Department of Homeland Security in order to meet the regulatory requirements for increasing production

Key Strengths

  • Dow is the largest producer of IPA with close to 14.6 percent market share in the global market

  • Backward integrated until crude refining stage with diverse product portfolio catering to a wide array of downstream industries is its key strength

Exxon Mobil

ExxonMobil Corporation is an American multinational oil and gas corporation headquartered in Irving, Texas. It is the largest direct descendant of John D. Rockefeller's Standard Oil, and was formed on November 30, 1999, by the merger of Exxon and Mobil.

Key Strengths

  • Financially stronger when compared with competitors

  • Backward integrated until crude refining stage with diverse product portfolio catering to a wide array of downstream industries is its key strength

Shell

Shell is a multinational oil major in the world with a strong energy and petrochemical portfolio supporting diversified segments. Global market leaders in the production of commercial fuels, LPG, lubricants, bitumen, and natural gas

Key Strengths

  • Significant research and development especially in natural gas and energy saving technology with three major research hubs in India, Netherlands and US

  • Upcoming technological advancements in oil exploration and refining could be leveraged by Shell to cut down on high production costs

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