Propanol Market: An Overview The global propanol market was valued at USD 4.21 billion in 2019 and is expected to reach USD 6.96 billion by 2027, with a CAGR of 6.5 percent.
They are also used in the production of chemicals such as acetone, glycerol, isopropyl acetates, isopropyl amines, isopropyl esters and MIBK.
n-Propanol is used as one of the main raw materials in the cosmetics industry as it can limit the foaming propensity of finished products and decrease the thickness of liquids.Propanol Market: Key PlayersRoyal Dutch Shell Plc.The Dow Chemical CompanyEastman Chemical CompanyTokuyama CorporationLCY Chemical Corp.Central Drug HouseRidhdhi Sidhdhi ChemicalsSasol LimitedSolventisTo Request for a PDF Sample, Click Here @ https://www.reportsanddata.com/sample-enquiry-form/2104Augmented demand for household and personal care products, as well as pharmaceutical industry expansion, has driven the growth of the propanol market.
Increased demand for paints and coatings due to the growing automotive and construction industries will also add to the stimulus.Propyl alcohol is extensively used as a solvent and cleaning fluid for dissolving oils, and includes cleaning eyeglasses, magnetic tape, contact pins on ROM cartridges, disc heads, disc drives, laser lenses on optical disc drives, CD, DVD and thermal paste removal from heatsinks and IC packs.
The market for propyl alcohol will grow in the coming years due to the compound’s wide applications in the chemical and solvent industries and the increasing technological advances in the application industries.
Stringent rules and regulations and an increase in emphasis on green solvents due to high VOC emissions are factors that may affect the propanol market.Propanol Market: SegmentationFor the purpose of this report, Reports and Data has segmented Propanol Market on the basis of Types, End-use and region:By Type (Volume, Kilo Tons; Revenue, USD Million; 2017–2027)IsopropanolN-PropanolBy Application (Volume, Kilo Tons; Revenue, USD Million; 2017–2027)PharmaceuticalChemicalPaint and coatingHousehold and personal health careotherRegional Outlook (Volume, Kilo Tons; Revenue in USD Million; 2017–2027)North AmericaEuropeAsia PacificMiddle East & AfricaLatin AmericaTo get a Discount on the Propanol Market Report, Click @ https://www.reportsanddata.com/discount-enquiry-form/2104Asia Pacific has held a dominant market share of 39.5 percent and will continue to record the fastest growth over the forecast period due to rising demand for propanol in developing economies such as India, Indonesia and China.