Propanol is a colorless alcohol typically available in two types of isomers: iso-propanol and n-propanol. Isopropanol was one of the first petrochemicals discovered in the ’1960s. It is used in various applications such as cosmetics, personal care products, deicers, resins, paints, pharmaceuticals, inks, and adhesives, as also as a chemical intermediate to manufacture various chemicals such as methyl isobutyl ketone (MIBK), isopropyl esters, isopropyl amines, acetone, glycerol, and isopropyl acetates. N-propanol is a used in the coatings industry as a medium-volatile alcohol for improving the drying characteristics of alkyd resins, electro deposition paints, and baking finishes. It is majorly used as a solvent in flexographic and other printing ink applications. Propanol is one of the key raw materials used in cosmetics industry. It has an ability to decrease the thickness of liquids and reduce the tendency of finished products to generate foam when shaken.
Rising cosmetics industry is therefore expected to propel the propanol market during the forecast period, owing to its use in various cosmetics and personal care applications. Propanol are also primarily used to manufacture chemicals such as propyl halide, propyl amines, propyl acetate, and glycol ethers. Demand for propanol is projected to increase significantly in the next few years considering the extensive growth of the pharmaceutical industry in various regions. Asia Pacific dominates the propanol market in terms of production and demand. Countries such as China, India, Japan, and South Korea are expected to be the key consumers of propanol. Europe is the second largest consuming region. Propanol has also been used as a major raw material to manufacture acetone.
However, rising production of acetone through cumene process is anticipated to remarkably affected the propanol market. This trend is anticipated to continue during the forecast period, and is therefore expected to unfavorably affect the market growth.
Global Propanol Market: Scope of the Report
This report analyzes and forecasts the market for propanol at the global and regional level. The market has been forecast based on volume (Kilo Tons) and revenue (US$ Mn) from 2017 to 2025, considering 2016 as the base year. The study includes drivers and restraints of the global propanol market. It also covers impact of these drivers and restraints on demand for propanol during the forecast period. The report also highlights opportunities in the propanol market at the global and regional level.
The report includes detailed value chain analysis, which provides a comprehensive view of the global propanol market. Porter’s Five Forces model for the propanol market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.
Global Propanol Market: Segmentation
The study provides a decisive view of the global propanol market by segmenting it in terms of product type (iso-propanol and n-propanol) and applications such solvent, chemical intermediate, cosmetics & pharmaceuticals, others (Cleansers, adhesives, agricultural chemicals, etc.). These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for propanol in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The report provides the actual market size of propanol for 2016 and estimated market size for 2017 with forecast for the next eight years. The global market size of propanol has been provided in terms of volume and revenue. Market volume has been defined in kilo tons, while market revenue is in US$ Mn. Market numbers have been estimated based on product type and key applications of propanol. Market size and forecast for numerous end-users have been provided in terms of global, regional, and country level markets.
Global Propanol Market: Research Methodology
In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represented the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, CSA Global, European Paints Association, World Petrochemical Organization, Indian Petrochemical Institute, FAO, internal and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoover’s, oneSOURCE, national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market.
We conduct primary interviews on an ongoing basis with industry participants and commentators to validate data and analysis. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.
The report comprises profiles of major companies operating in the global propanol market. The global propanol market is fragmented, however few global producers dominate the market. Key players include BASF SE, The Dow Chemical Company, Eastman Chemical Company, Mitsui Chemicals, Inc, ExxonMobil Corporation, Tokuyama Corporation, LyondellBasell Industries N.V., and Oxea GmbH amongst other manufacturers. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.
The global propanol market has been segmented as follows:
Propanol Market: Product Type Analysis
Propanol Market: Application Analysis
Propanol Market: Regional Analysis
MRRSE offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.Get A Free Custom Research Quote