Top 3 Isopropanol suppliers based on Revenue
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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