Global Propanol Market, By Type (Isopropanol And N-Propanol), Application (Chemical Intermediates, Pharmaceuticals, Industrial Solvents And Others) End-Use (Pharmaceuticals, Chemicals, Personal Care, Printing Inks, Paints And Coatings, And Other End-Use), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, And Rest Of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Propanol Market
Data Bridge Market Research analyses that the propanol market will witness a CAGR of 4.0% for the forecast period of 2022-2029. Propanol market study analyses the growth caused by the increasing use of propanol in the chemical and cosmetic industries. As propanol is used as a solvent in the paint and coating industries, the market for propanol is growing.
Industrial propanol are cleaning agents that are commonly used to remove dirt, wax, tar, oil, grease, paints, abrasive dust, corrosive products, and other water-insoluble substances. Industrial propanol protects machines from corrosion, contamination, and damage, as well as extends machine life by removing stains from surfaces. Hydrocarbon solvents such as gasoline, kerosene, xylene, and white spirit are used to make more efficient propanol.
The presence of a large number of manufacturing facilities, combined with consistent growth in end-use industries, is assisting product consumption. The market is being driven primarily by rising demand for isopropyl alcohol, which is primarily used in pharmaceutical and chemical intermediate manufacturing. The chemical is primarily used in pharmaceutical formulations for its antiseptic properties and as a solvent. Because it is primarily used as a solvent and in the production of specialty chemicals, the n-propanol market is expected to grow steadily.
The rise in chronic diseases has prompted large-scale pharmaceutical industry innovation. The rising pandemic caused by COVID-19 has increased demand for hand sanitizers and personal protective equipment. Isopropyl alcohol is a common ingredient in sanitizer formulations. Sales of sanitizers and other associated products are expected to rise as a result of the growing trend of preventive healthcare.
However, strict regulation imposed by authorities might impede the growth of propanol market as it is hazardous to the users. Stringent regulations governing emissions from petrochemical-based solvents may limit market growth. The widespread use of propanol in the pharmaceutical and chemical industries can present opportunities for a variety of manufacturers.
This propanol market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on propanol market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Propanol Market Scope and Market Size
Propanol market is segmented on the basis of type, application and end user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the propanol market is segmented into isopropanol and n-propanol
- On the basis of application, the propanol market is segmented into chemical intermediates, pharmaceuticals, industrial solvents and others.
- On the basis of end user industry, the propanol market is segmented into pharmaceuticals, chemicals, personal care, printing inks, paints and coatings, and other end-use.
Propanol Market Country Level Analysis
The propanol market is analysed and market size, volume information is provided by country, type, application and end use industry as referenced above.
The countries covered in the propanol market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the propanol market and would flourish its dominance over the forecast period due to demand for propanol and its derivatives being driven by rapid growth in countries such as China, India, and South Korea. Rising infrastructure spending, combined with the presence of a thriving pharmaceutical industry ecosystem, is one of the major factors driving consumption. Governments are also working to increase production of sanitizers in order to combat the COVID 19 virus.
The country section of the propanol market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Propanol Market Share Analysis
The propanol market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to propanol market.
Some of the major players operating in the propanol market are Dow, Bayer AG, DuPont, BASF SE, Royal Dutch Shell Plc., Eastman Chemical Company, Mitsui Chemicals Inc., China National Petroleum Corporation, Zhejiang Xinhua Chemical Co Ltd., LG Chem Ltd., Oxea GMBH, LCY Chemical Corp., ISU Chemical Co Ltd., Carboclor S.A., Exxon Mobil Corporation., JX Nippon Oil & Gas Exploration Corporation, OQ Chemicals GmbH, Tokuyama Corporation and Zhejiang NetSun Co., among others.