Propanol Market SWOT Analysis Of Top Key Player Forecasts To 2025 Propanol Market - Global Industry Analysis, Size,

Propanol Market - Global Industry Analysis,
Size, Share, Growth, Trends, and Forecast 2017
- 2025
Global Propanol Market: Snapshot
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. Isopropanol, also known as isopropyl alcohol (IPA) or rubbing alcohol,
is a colorless, flammable alcohol with a distinct odor. 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
colorless oxo-alcohol widely used as a solvent in flexographic and other printing ink
applications.
Growth in the chemicals, agriculture and cosmetics & personal care industry is likely
to drive the global propanol market in the next few years. According to
Transparency Market Research, the global propanol market, valued at US$2.19 bn in
2016, will exhibit a CAGR of 2.3% from 2017 to 2025 and rise to US$2.68 bn by
2025.
View Report @ http://www.transparencymarketresearch.com/propanol-
market.html
Use of Propanol as Solvent to Help Global Market Generate Maximum
Revenue
In terms of applications, solvent was the dominant segment of the global propanol
market, accounting for more than 49% of the global market in 2016. Expected to
exhibit a CAGR of 2.3%, the segment of solvents is anticipated to remain the
leading application segment for the global propanol market during the forecast
period due to steady rise in demand from the global paints and coatings industry.
However, it is expected to witness a small reduction in its share in the global market
by the end of the forecast period owing to the sluggish growth of key end-use
sectors such as printing ink.
Propanol is used as an intermediate in the manufacture of various industrial
chemicals. It reacts with halogen to produce propyl halide, with ammonia to produce