The global demand for N-propanol Market is presumed to reach the market size of nearly USD 4.11 MN by 2030 from USD 2.72 MN in 2022 with a CAGR of 5.3% under the study period of 2023 - 2030. Regarding volume, the market was calculated XX Kilo Ton in 2022 and forecast to touch XX Kilo Ton by 2030 with a CAGR of XX% during 2023-2030.
N-propanol is a variant of a primary alcohol, propanol. The other variant of propanol is isopropanol. N-propanol appears clear and transparent and smells like rubbing alcohol. It is also identified as propan-1-ol, 1-propanol, propyl alcohol and n-propanol alcohol. Due to its unique properties, N-propanol forms the basis of many chemicals that are used in the production of pharmaceuticals and plastics. N-propanol is used in diverse applications like printing, solvent, pigment, and packaging industry. It is a primary raw material in soaps, perfumes, beauty products, hair shampoos, lacquer formulations, and antifreeze. It is also used to produce adhesives, coatings, paints, ink, insecticides, pesticides, etc.
Market Dynamics
The n-propanol market is steadily growing owing to its wide usage in solvent industry, rapid expansion of pharmaceutical industry, growth of end-use industries and the latest technological advancements. Another key market driver is improving living standards and high infrastructural development in developing countries like China and India. Furthermore, the covid-19 outbreak has increased the demand for hand sanitizers where propanol is a key ingredient, and this growing awareness towards preventive health will drive its market growth. However, increasing preference for green solvents, fluctuating price of raw materials, and strict government policies related to storage of n-propanol may affect its market growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of n-propanol. The growth and trends of n-propanol Industry provide a holistic approach to this study.
Market Segmentation
This section of the n-propanol market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Ethylene Hydrogenation Method
- Allyl Alcohol Hydrogenation Method
- Other Compounds Byproduct Method
By Application
- Coatings
- Food Additive
- Pharmaceutical
- Cosmetic
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the n-propanol market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global N-propanol Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the N-propanol market include BASF (Germany), Dow (U.S.), Eastman (U.S.), Oxea (Germany), Sasol (South Africa), Wu Jiang Chemical (China), Nanjing Rongxin Chemical (China), Chang Chun Group (China), Ningbo Juhua Chemical (China), Zibo Nalcohol Chemical (China) Other Players. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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