Stratview Research has recently added a new report titled Propanol market to its collection. The report studies vital factors about the market that are essential for existing players as well as new market entrants. The report throws light on the critical elements such as market share, profitability, supply chain, production, sales, upcoming technologies, key market players, regional segmentation, and many more aspects related to the Propanol market.
The years considered in this report to estimate the market size of the market are:
• History Year: 2016-2019
• Forecast Year: 2021 to 2026
The key players covered in this report are –
- 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.
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.
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.
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.
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.
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The main steps in the investigation process are:
- Stratview Research has gathered the raw data from industry experts and direct research analysts using primary and secondary sources.
- The experts also classify the information obtained by qualitative and quantitative data to place it in a proper way to make final conclusions.
- This report also provides market intelligence and throws light on critical insights into the market dynamics.
The information gathered in the report enables strategic decision making for the existing players as well as those willing to enter the market. The report contains growth drivers and constraints, market trend and forecast analysis, market segment trend, competitive landscape and dynamics, attractive market segments and associated growth opportunities, etc.
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