Propanol Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVBEVIEW

Propanol is a colorless liquid with a fruity odor used as a solvent in the production of various industrial and consumer goods. The propanol market is expected to grow in the coming years due to increasing demand for propylene, a key raw material used in producing propanol. Additionally, the growing construction and automotive industries and the increasing demand for biofuels are expected to drive market growth.

MARKET DYNAMICS

The propanol market is anticipated to grow in the forecast period owing to driving factors such as increasing demands from paints and coatings industries coupled with the growth of the construction and automotive sectors. Rapid developments in the pharmaceutical industry is another major factor driving the growth of the propanol market. However, high VOC emissions and solvent recycling technology restrict the growth of the propanol market. Nonetheless, the market is likely to showcase growth opportunity with growing demands for industrial solvents in the emerging economies.

MARKET SCOPE

The "Global Propanol Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of propanol market with detailed market segmentation by type, application, and geography. The global propanol market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading propanol market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global propanol market is segmented on the basis of type and application. Based on type, the market is segmented as isopropanol and n-propanol. On the basis of the application the market is segmented as direct solvent, chemical intermediate, household & personal care, pharmaceutical, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global propanol market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The propanol market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting propanol market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the propanol market in these regions.

MARKET PLAYERS

The reports cover key developments in the propanol market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from propanol market are anticipated to witness lucrative growth opportunities in the future with the rising demand for propanol in the global market. Below mentioned is the list of few companies engaged in the propanol market.

The report also includes the profiles of key propanol companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.

• BASF SE
• Eastman Chemical Company
• Exxon Mobil Corporation
• LCY GROUP
• LG Chem
• OXEA GmbH
• Royal Dutch Shell plc
• Sasol Limited
• The Dow Chemical Company
• Tokuyama Corporation

Propanol Report Scope