September 10th, 2021
Maximize Market Research's latest report, " Propanol Market Demand Analysis and Opportunity Outlook 2027", offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.
Global Propanol Market was valued US$ 3.52 Bn in 2019 and expected to reach US$ 4.79 Bn by 2027, at a CAGR of 4.5 % during the forecast period.
Propanol Market Overview
Rise in use of propanol in the growing pharmaceutical industry, attributed to the growing population and changing lifestyle in developing countries are expected to drive the global propanol market over the forecast period. Propanol derivatives are increasingly being utilized in the cosmetics industry as a solvent substitute, which is further projected to increase product demand over the forecast period. Further, increasing demand for paints and coatings due to the rapid growing construction and automotive industries are also anticipated to propel the global propanol market over the forecast period. Advancing technologies in application sectors are expected to provide tremendous opportunities for global propanol market participants overcoming eight years.
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Propanol Market Major Market Players
• Royal Dutch Shell Plc
• Exxon Mobil Corporation
• BASF SE
• The Dow Chemical Company
• LG Chem Ltd.
• Sasol Limited
• Eastman Chemical Company
• Tokuyama Corporation
• LCY Chemical Corp.
• JXTG Holdings, Inc.
• Deepak Fertilisers and Petrochemicals Corporation Ltd.
• OXEA GmbH
• Carboclor S.A.
• ISU Chemical
• Lyondellbasell Industries Holdings B.V.
The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world's largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.
Segmentation of Propanol Market by Types and Applications:
Global Propanol Market, by Type
Global Propanol Market, by Application
• Direct Solvent
• Chemical Intermediate
• Household & Personal Care
Global Propanol Market, by Region
• North America
• Asia Pacific
• Middle East & Africa
• Latin America
The report has covered the market size by country (regions) for the Propanol market.
Analysis of the Propanol Market Share and Competitive Landscape:
This report provides a detailed analysis of the Propanol Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.
More about us:
Maximize Market Research has been a trusted partner for many prestigious clients including Yamaha, Sensata and Etnyre in Canada, ALCOR M&A Microsoft and Harman. Maximize Market Research offers market research to both B2B and C2C regarding 5000 emerging technologies & potentials in Transportation, Chemical and Healthcare, Electronics & Communications, and Pharmaceuticals.
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Related Report Link:Global Cyclopentane Market
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