Global Propanol Market, By Type (Isopropanol, N-Propanol), By Application (Chemical Intermediates, Pharmaceuticals, Industrial Solvents, Others), By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2025
Market Analysis: Global Propanol Market
The Global propanol market is expected to reach USD 2.56 billion by 2025, from USD 2.14 billion in 2017 growing at a CAGR of 2.20% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Propanol Market
Propanol is a colorless alcohol which is primarily available in two types of isomers - isopropanol and n-propanol. They are also known as 1-propanol and 2-propanol respectively. Propanol is one of the key raw materials used in cosmetic industry. Isopropanol is used in various application such as cosmetic, personal care products, resin, pharmaceuticals, resins, inks, and adhesives. We use N-propanol in the coatings industry as a medium-volatile alcohol for enlightening the drying characteristics of electrodeposition paints, alkyd resins, and baking finishes. It is majorly used as a solvent in flexographic and other printing ink applications. According to World Population Ageing, the number of older people at the age of 60 years or more is expected to increase from 841.0 million in 2013 to more than 2.0 billion in 2050. According to Eurostat, in 2017,it is stated that the older population with age of 65 or over, Germany had the maximum share which is 21.2% followed by Greece 21.5%, Italy 22.3%. This above factor proves that ageing population is increasing around the globe and as a result of it , the required products for their personal care are also increasing . So the market of cosmetic and personal care around the globe is growing and will drive the demand for propanol.
- Increase In aging population
- High demand for propanol in the chemical and cosmetic industry
- Rising demand in developing countries
- Fluctuation in price of raw material
- Strict regulations reshaping the cosmetic market
Market Segmentation: Global Propanol Market
- Chemical Intermediates
- Industrial Solvents
- North America
- South America
- Middle East & Africa
Competitive Landscape: Global Propanol Market
The Global Propanol market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Propanol market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Propanol Market
The key players operating in the Global Propanol market are –
- BASF SE
- Eastman Chemical Company
- China National Petroleum Corporation
- Mitsui Chemicals, Inc.
The other players in the market are Carboclor S.A., Exxon Mobil Corporation., ISU Chemical., JX Nippon Oil & Energy Corporation, LCY GROUP., LG Chem., Novacap International SAS, OXEA GmbH, Royal Dutch Shell Plc, Sasol Limited, The Dow Chemical Company, Tokuyama Corporation, Zhejiang NetSun Co., Ltd and many more.
Research Methodology: Global Propanol Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Historical and current market size and projection up to 2025
- Market trends impacting the growth of the global propanol market
- Analyze and forecast the propanol market on the basis of type and application
- Trends of key regional and country-level markets for type and application
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis