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The Isopropanol Production in North East Asia Is Anticipated to Reach 815 Thousand Tons in 2023

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According to a recently published report about the North East Asian isopropanol market, it was equal to 600 thousand tons in 2013. The largest country market within the region was China, which in 2013 accounted for a share of 62% of the total in volume terms. Until 2023, the North East Asian market is forecast to reach around 645 thousand tons, thus growing at a CAGR of about 1.8% per annum in the period 2018-2023. This is a slight increase, compared to the decline at a CAGR of around 0.9% per year, registered in 2013-2017.

The analytical research projects that the North East Asian production of isopropanol is likely to grow to around 815 thousand tons per year in the medium term. In the same way, similar dynamics of the overall installed production capacities in the region are expected. Their annual average utilization rates are also expected to increase. In addition, the market is forecast to become relatively unbalanced in terms of supply and demand, also showing moderately upwards dynamics in the medium term.

As an overall, the report presents a strategic analysis of the isopropanol market in North East Asia and a forecast for its development in the medium term. It provides a comprehensive overview of the market, its dynamics, structure, characteristics, main players, production capacities, trends, prices, production, imports, exports, growth and demand drivers, and all other important factors, influencing its development. The report focuses on both product and country breakdown, offering a larger perspective on the regional market dynamics as well as information on each individual country within the region.

The research report has been prepared using the unique Williams and Marshall Strategy’s methodology, including a blend of qualitative and quantitative data. The information comes from official sources and insights from market experts (representatives of the main market participants), gathered by semi-structured interviews. This report will allow its readers to quickly and cost–effectively get a strategic analysis and gain competitive intelligence about the market and to track market data, including size, value, segmentation, forecasts, dynamics and structure – past, present and future. In addition, the readers will be able to strategically assess the competitive position of the main market players, explore and identify new market opportunities in the countries within the region, recognize key market trends, opportunities and threats and key drivers behind recent market changes as well as strategically evaluate market growth potential.

The report includes information on the following companies:
• Chang Chun Plastics;
• Hi-Tech Spring Chemical Industrial Co.;
• Jiangsu Evergreen New Material Technology;
• Jiangsu Xinhua Chemical;
• Kellin Chemical (Zhangjiagang);
• Petrochina Jinzhou Petrochemicals;
• Shandong Dezhou Detain Chemical;
• Shandong Yuhuang Chemical;
• Taizhou Jianye Chemical;
• Yancheng Super Chemical Corporation;
• Zhejiang Xinhua Chemical;
• Zhuhai Long Success;
• Zibo Nalcohol Chemical Co;
• JXTG Nippon Oil and Energy;
• Mitsui Chemicals;
• Tokuyama Corporation;
• ISU Chemical;
• LG Chemical;
• SK Global Chemical.

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