The scope of this Global Propanol Market report extends from market scenarios to comparative pricing between major players, cost and profit of the specified market regions. To turn complex market insights into simpler version, well established tools and techniques are used in this report. The most relevant, unique, fair and creditable global market research report is delivered to the valuable customers and clients depending upon their specific business needs. The quality and transparency maintained in the Global Propanol Market research report makes gain the trust and reliance of member companies and customers.
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.
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Market Overview
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.
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.
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.
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Highlights of TOC
Chapter 1: Market overview
Chapter 2: Global Propanol Market
Chapter 3: Regional analysis of the Global Propanol industry
Chapter 4: Global Global Propanol segmentation based on types and applications
Chapter 5: Revenue analysis based on types and applications
Chapter 6: Market share
Chapter 7: Competitive Landscape
Chapter 8: Drivers, Restraints, Challenges, and Opportunities
Chapter 9: Gross Margin and Price Analysis
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