New York, According to a new market research report published by Global Insight Services “Propanol Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Propanol is a clear, colorless liquid with a slightly bitter taste. It is a member of the propanol family of alcohols, which also includes isopropanol and butanol. Propanol is miscible with water and is commonly used as a solvent in a variety of industrial and household applications. It has a boiling point of 97.3 degrees Celsius and a melting point of -89.5 degrees Celsius.
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Key Trends
There are a few key trends in propanol technology.
One is the development of more efficient and environmentally friendly production processes. This has led to the development of new catalysts and process technologies that can produce propanol with less energy and water consumption.
Another trend is the use of propanol as a feedstock for the production of other chemicals. This has led to the development of new processes and catalysts that can convert propanol into other useful chemicals.
Key Drivers
Propanol is a clear, colorless, slightly viscous liquid with a characteristic odor. It is miscible with water and most organic solvents. Propanol is produced commercially by the catalytic hydrogenation of propylene. It is also a by-product of the production of propylene oxide and acrylonitrile.
The key drivers of the propanol market are its low cost and wide range of applications. Propanol is used as a solvent in a variety of industries, including paints and coatings, inks, adhesives, and cleaning products. It is also used as a fuel additive and as a raw material in the production of propylene glycol, acetone, and isopropyl alcohol.
Market Segments
The Propanol Market is segmented by type, application, and region. By type, the market is divided into N-propanol and Iso-propanol. Based on application, it is bifurcated into solvent, chemical intermediate, pharmaceutical, household and personal care products, and others. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Propanol Market includes players such as BASF SE, The Dow Chemical Company, ExxonMobil Corporation, Sasol Limited, Royal Dutch Shell Plc, Eastman Chemical Company, Mitsui Chemicals, Inc., LG Chemicals Limited, Zhejiang Xinhua Chemical Co. Ltd. and Oxea GmbH.
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Reasons to buy Propanol Market Report:
• Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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