Global Propanol Market : Industry Analysis and Forecast (2019-2027)
Global Propanol Market was valued US$ 3.52 Bn in 2019 and expected to reach US$ 4.79 Bn by 2027, at a CAGR of 4.5 % during the forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Global Propanol Market Dynamics
Rise in use of propanol in the growing pharmaceutical industry, attributed to the growing population and changing lifestyle in developing countries are expected to drive the global propanol market over the forecast period. Propanol derivatives are increasingly being utilized in the cosmetics industry as a solvent substitute, which is further projected to increase product demand over the forecast period. Further, increasing demand for paints and coatings due to the rapid growing construction and automotive industries are also anticipated to propel the global propanol market over the forecast period. Advancing technologies in application sectors are expected to provide tremendous opportunities for global propanol market participants overcoming eight years.
However, stringent environmental regulations regarding transportation and handling of organic compounds are expected to hamper propanol market growth over the coming years. Furthermore, global propanol market faces numerous restrictions owing to high raw material combustibility, which is also expected to limit market growth over the forecast period. Increasing raw material prices mostly regarding acetone and propylene, due to volatile crude oil price which is anticipated to hamper the demand over the forecast period.
Global Propanol Market Segment Analysis
Based on the type, Isopropanol segment is estimated to lead the propanol market by type during the forecast period. Isopropanol is a type of propanol, which is used as a solvent in diverse applications, such as paints & coatings, pharmaceutical, inks, and household & personal care products, owing to its low cost and easy availability. The increasing demand for these products due to high industrial growth such as construction, healthcare, printing, and automotive is expected to drive the demand for propanol.
Based on the application, propanol is mainly used to manufacture other solvents such as cosmetics, skin/hair preparations, pharmaceuticals, lacquer formulations, perfumes, and dye solutions, types of antifreeze, soaps and window cleaner. It can also be used to create printing inks, coatings, de-greasing fluids, adhesives, insecticides and herbicides. Normal propanol is also used as a chemical intermediate to create esters, halides, propyl amines and propyl acetate. The end user market of this product are cosmetics, cleaning, printing, and motor, coatings and chemical industries.
Global Propanol MarketRegional Insights
Graphically, the Asia Pacific region is projected to be the fastest-growing propanol market. The growing construction, automotive, household & personal care, and pharmaceutical industries in this region owing to the growing consumer spending and increasing income levels that is expected to boost the demand for propanol.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global propanol market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in global propanol market.
Global Propanol Market, Key Highlights:
• Global Propanol Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Propanol Market
• Global Propanol Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Propanol Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Propanol Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Propanol Market are also profiled.
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Global Propanol Market, by Type
• N-Propanol
• Isopropanol
Global Propanol Market, by Application
• Direct Solvent
• Chemical Intermediate
• Pharmaceutical
• Household & Personal Care
• Others
Global Propanol Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Global Propanol Market Key Players
• Royal Dutch Shell Plc
• Exxon Mobil Corporation
• BASF SE
• The Dow Chemical Company
• LG Chem Ltd.
• Sasol Limited
• Eastman Chemical Company
• Tokuyama Corporation
• LCY Chemical Corp.
• JXTG Holdings, Inc.
• Deepak Fertilisers and Petrochemicals Corporation Ltd.
• OXEA GmbH
• Carboclor S.A.
• ISU Chemical
• Lyondellbasell Industries Holdings B.V.
• Solvay
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