Propanol Market Is Expected To Grow USD 4.11 Billion By 2026
Market Summary By the increasing demand for household & personal care, by the growth in pharmaceutical industries, by increasing demand for painting and coating are the factors for the growth of the propanol market Market Size – USD 3.06 Billion in 2018, Market Growth - CAGR of 3.9%, Market Trends – new research in chemicals and composition are the trends in propanol market The global propanol market was valued at USD 3.06 Billion in 2018 and is expected to reach the value of USD 4.11 Billion by the end of the year 2026, at a CAGR of 3.9%. Propanol is a predominantly available colorless type of alcohol in the form of its two major isomers: isopropanol and n-propanol or 1-propanol. In various industrial applications, isopropanol and n-propanol are primarily used as a natural solvent. It is also used for producing chemicals such as acetone, isopropyl amines, isopropyl acetates, isopropyl esters, glycerol, and MIBK. Further key findings from the report suggest : • The highest market share of 39.5% among other regions is of the Asia-pacific region. It is due to an increase in population and awareness for health consciousness, use of cosmetics. It is accounted for the market value of USD 1,206.43 million in 2018. • Population in the world is registered to grow at a rate of 1.07% in the year 2018-2019. Increase population and health consciousness are supporting the growth of the pharmaceutical and cosmetic market. www.reportsanddata.com
Key Players: Royal Dutch Shell Plc., The Dow Chemical Company, Eastman Chemical Company, Tokuyama Corporation, LCY Chemical Corp., Central Drug House, Ridhdhi Sidhdhi Chemicals, Sasol Limited, Solventis. Segmentation: • By Type (Volume, Kilo Tons; Revenue, USD Million; 2016–2026) Isopropanol N-Propanol • By Application (Volume, Kilo Tons; Revenue, USD Million; 2016–2026) Pharmaceutical Chemical Paint and coating Household and personal health care other www.reportsanddata.com
Regional Propanol Market (Regional Output, Demand & Forecast by Countries):• North America (United States, Canada, Mexico) • South America (Brazil, Argentina, Ecuador, Chile) • Asia Pacific (China, Japan, India, Korea) • Europe (Germany, UK, France, Italy) • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.
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Major highlights of the report: • An all-inclusive evaluation of the parent market • The evolution of significant market aspects • Industry-wide investigation of market segments • Assessment of the market value and volume in the past, present and forecast years • Market share evaluation • Study of niche industrial sectors • Tactical approaches of the market leaders • Lucrative strategies to help companies strengthen their position in the market
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