Propanol Market: Global Industry Analysis and Forecast 2021-2026

November 02, 2021

Stratview Research releases a new insightful report on the Propanol Market, that makes efforts at providing deep insights into numerous factors that are vital to the growth of this industry.

The information presented in this report will outline the present and upcoming trends in the market, analyst opinions and views, competitive landscapes, and key regions from a systematic perspective. This report on the Propanol Market provides an analysis of the key trends in business and forecasts the future directions of the market. The procedure and analysis used in this report assesses the strengths and weaknesses of market participants, key market drivers, and challenges. It identifies significant market players, provides split analyses, and forecasts, among other insights.

Market Dynamics

The market experts at Stratview Research identify and evaluate the criteria which are vital for studying a market: The key customers, product, affecting trends, pricing, competition, financing, and growth factors. The user can take a critical insight at how, why, and when the market is roaring high and also can find the loopholes in it.

Wish to know more about the study? Click here to get a free sample: https://www.stratviewresearch.com/Request-Sample/1772/propanol-market.html#form

According to the present report, Propanol Market is likely to witness a CAGR of 3.9% during the forecast period. Major factors such as fire-resistant properties of propanol and its high durability with easy maintenance are driving the growth of the market. Further, propanol’s ability to help enhance the appearance of internal & external walls significantly influences its impact during the forecast period.  

Key players mentioned in the report are -

Some of the major players mentioned in the report are listed below-

• BASF SE
• Eastman Chemical Company
• Exxon Mobil Corporation
• JXTG Holdings, Inc.
• LCY Chemical Corp.
• LG Chem Ltd.
• Royal Dutch Shell Plc
• Sasol Limited
• The Dow Chemical Company
• Tokuyama Corporation.

Market Segments' Analysis

Propanol Market Share: By Type

Based on the type, the market is segmented as isopropanol and N-propanol. The isopropanol segment is expected to hold the larger share of the market during the forecast period, due to its easy availability and low cost, which makes it to be widely used in applications such as in pharmaceuticals, paints & coatings, household & personal care products, painting, automotive, and inks.

Propanol Market Share: By Application Type

Based on the application type, the propanol market is segmented as isopropanol applications and N-propanol applications. The isopropanol application segment is estimated to lead the market as isopropanol is used as a direct solvent in various products such as paints & coatings, cosmetics, and pharmaceuticals which are gaining traction in automotive, healthcare, construction, and beauty care industries.

Propanol Market Share: By Region

In terms of regions, Asia-Pacific is estimated to be the fastest-growing market for propanol during the forecast period, with China, Japan, India, and Australia being the major countries with lucrative growth opportunities. The growth of the region can be attributed to rise in population and increasing spending power of people, which is giving rise to growth of automotive, construction, pharmaceutical, and household & personal care industries, leading to increasing usage of propanol in the region. Also, North America and Europe are expected to offer substantial growth opportunities over the forecast period.

Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com

What we do-

Stratview Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients existing globally. We at Stratview Research are obliged to serve our diverse customer base present across the industries of Aerospace, Oil and Gas, Automotive, and Chemicals, etc. among various other industries present around the world. We strive to provide our customers with updated information on ground-breaking technologies, high growing markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.

 

Author : Meha Prasad