Propanol market report provides an outlook for current market value as well as the expected growth of Propanol during 2018-2025. The whole supply chain of Propanol has been explained with statistical details with a special emphasis on various upstream and downstream components. The current trends pertaining to the demand, supply, and sales of Propanol, together with the recent developments have been given here to provide an exhaustive picture of this market.
The new trending report of Global propanol market is expected to reach USD 2.56 billion by 2025, from USD 2.14 billion in 2017 growing at a CAGR of 2.20% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Propanol is a colorless alcohol which is primarily available in two types of isomers – isopropanol and n-propanol. They are also known as 1-propanol and 2-propanol respectively. Propanol is one of the key raw materials used in cosmetic industry. Isopropanol is used in various application such as cosmetic, personal care products, resin, pharmaceuticals, resins, inks, and adhesives. We use N-propanol in the coatings industry as a medium-volatile alcohol for enlightening the drying characteristics of electrodeposition paints, alkyd resins, and baking finishes.
It is majorly used as a solvent in flexographic and other printing ink applications. According to World Population Ageing, the number of older people at the age of 60 years or more is expected to increase from 841.0 million in 2013 to more than 2.0 billion in 2050. According to Eurostat, in 2017,it is stated that the older population with age of 65 or over, Germany had the maximum share which is 21.2% followed by Greece 21.5%, Italy 22.3%. This above factor proves that ageing population is increasing around the globe and as a result of it , the required products for their personal care are also increasing . So the market of cosmetic and personal care around the globe is growing and will drive the demand for propanol.
Key Market Competitors:
The key players operating in the Global Propanol market are –
- BASF SE
- Eastman Chemical Company
- China National Petroleum Corporation
- Mitsui Chemicals, Inc.
The other players in the market are Carboclor S.A., Exxon Mobil Corporation., ISU Chemical., JX Nippon Oil & Energy Corporation, LCY GROUP., LG Chem., Novacap International SAS, OXEA GmbH, Royal Dutch Shell Plc, Sasol Limited, The Dow Chemical Company, Tokuyama Corporation, Zhejiang NetSun Co., Ltd and many more.
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Global Propanol Market Segmentation:
- Chemical Intermediates
- Industrial Solvents
- North America
- South America
- Middle East & Africa
Reasons to Purchase this Report
- Current and future of global propanol market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
- Regions/countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report
- The report includes the complete segmentation displayed above across all above mentioned countries
- All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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