Propanol Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027
Growth in the chemicals, agriculture and cosmetics & personal care industry are key drivers for Global Propanol Market.
Propanol is a colorless alcohol which exists in two isomeric forms known as Isopropanol and n-Propanol. Isopropanol is also known as isopropyl alcohol which is colorless, flammable alcohol with distinct odor. It has a wide range of application in different industries such as pharmaceutical, cosmetics, paints, dyes, inks, adhesives and others. Propanol is also uses as chemical intermediate in manufacturing of various chemicals such as isopropyl esters, isopropyl amines and others. So, during the study of Propanol market, we have considered propanol product type and applications to analyze the market.
Global Propanol Market report is segmented on the basis of product type, application type, and by regional & country level. Based upon Product type, global Propanol Market is classified as Isopropanol and n-Propanol. Based upon Application type, global Propanol Market is classified as Solvent, Chemical Intermediate, Cosmetics and Pharmaceuticals, Cleansers, Adhesives, and Agricultural Chemicals.
Global Propanol market report covers prominent players like Dow Chemical Company
The commercialization and growth of global propanol market over the past 25 years has been highly impactful. Due to the increased used from various industries and also used as precursor are the factors driving the growth of Propanol market. Furthermore, Increase in the consumption of cosmetics, paints, others and increase in the pharmaceutical industry with the increase in healthcare industry has also fueled the growth of Propanol market. For instance, as per primary report, in 2016, the global cosmetic market grew an estimated of around 4% in comparison to the previous year and skincare was the leading category, accounting for about 36 percent of the global market. Increase in the automotive and construction is also expected to support the growth of Propanol market due to the increase in the demand of coating agent. Various technological advancements in different sectors are also expected to create various opportunities over the forecast period. However, stringent rules and regulations associated with the handling and transportation of organic compound may hamper the growth of Propanol market.
North America dominates the market with highest market share which is closely followed by Europe over the forecast period due to increasing demand of cosmetics, pharmaceutical and personal care industries in this region. Most of the cosmetics and personal care products manufacturing companies are from these regions and growing chemical industry will also support the growth of Propanol market in these regions. Asia Pacific is expected to experience a significant growth due to the presence of major consumers from developing regions such as India, China, South Korea and others. High demand of Propanol from chemical industries as paints, solvents and coatings are the major factors. Due to the globalization there is shifting in various production sites to the developing economies in these regions are further expected to support the growth of Propanol market.
Report Analysis |
Details |
Historical data |
2018 - 2021 |
Forecast Period |
2022 - 2028 |
Market Size in 2021: |
XX |
Base year considered |
2021 |
Forecast Period CAGR %: |
XX% |
Market Size Expected in 2028: |
XX |
Tables, Charts & Figures: |
175 |
Pages |
200 |
Companies/Key Players |
BASF SE, Dow Inc., Exxon Mobil Corporation, ISU Chemical Co., Ltd., LCY Chemical Corp., LG Chem Ltd., LyondellBasell Industries Holdings B.V., Mitsui Chemicals, Inc., Monument, Chemical, OXEA GmbH, Royal Dutch Shell PLC, Sasol Ltd., SINOPEC Group, Tokuyama Corporation, Zibo Nalcohol Chemical Co., Ltd., Others |
Segments Covered |
By Product type analysis ,By Application type Analysis |
Regional Analysis |
North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa |
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