High Purity Isopropyl Alcohol (IPA), Global Market Size Forecast, Top 13 Players Rank and Market Sha (Internet Services - Other Internet Services)

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High Purity Isopropyl Alcohol (IPA), Global Market Size Forecast, Top 13 Players Rank and Market Sha


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According to the new market research report “Global High Purity Isopropyl Alcohol (IPA) Market Report 2023-2029”, published by QYResearch, the global High Purity Isopropyl Alcohol (IPA) market size is projected to reach USD 0.68 billion by 2029, at a CAGR of 10.0% during the forecast period.

Market Drivers:
1. The 2024 semiconductor production capacity expansion cycle has led to rapid growth in market demand. New production capacity from foundries and international IDMs will come online starting in 2023, and production will peak in 2024-2025.
2. In addition to establishing new wafer fabs in the United States and Japan and expanding production capacity at its manufacturing base in mainland China, TSMC is also building wafer fabs at full speed in Taiwan, China.

Restraint:
Since 2023, the world economic recovery has been sluggish. External demand has shrunk significantly under the impact of high inflation, high interest rates, and high debt.
Development differentiation among different economies has intensified. Trade protectionism has become rampant. According to estimates from the International Monetary Fund, global economic growth is weak.

Opportunity:
Data released by the U.S. Semiconductor Industry Association shows that global semiconductor sales in Q2 2023 totaled US$124.5 billion, an increase of 4.7% from Q1;global sales in June 2023 were US$41.5 billion, an increase of 1.7% from the previous month.Global chip sales have continued It rose slightly in four months;at the same time, my country's semiconductor sales in June also achieved a month-on-month growth of 3.2%.
With the policy support of various governments and the rise of emerging markets such as 5G and AI, the semiconductor market is approaching an inflection point.It is expected that the global semiconductor market will reach one trillion US dollars by the end of the year.

QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.



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Last Update : 21 March 2024 7:17 AM
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2024-04-27 (0.394 sec)